Teck Financial Statements From 2010 to 2026
| TECK-A Stock | CAD 70.28 2.60 3.57% |
Check Teck Resources financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Teck Resources' main balance sheet or income statement drivers, such as , as well as many indicators such as . Teck financial statements analysis is a perfect complement when working with Teck Resources Valuation or Volatility modules.
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Teck Resources Limited Company Return On Equity Analysis
Teck Resources' Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Teck Resources Return On Equity | 0.0306 |
Most of Teck Resources' fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Teck Resources Limited is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
| Competition |
Based on the latest financial disclosure, Teck Resources Limited has a Return On Equity of 0.0306. This is 96.64% lower than that of the Metals & Mining sector and 93.62% lower than that of the Materials industry. The return on equity for all Canada stocks is 109.87% lower than that of the firm.
Teck Resources Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Teck Resources's current stock value. Our valuation model uses many indicators to compare Teck Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Teck Resources competition to find correlations between indicators driving Teck Resources's intrinsic value. More Info.Teck Resources Limited is rated below average in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.67 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Teck Resources Limited is roughly 1.49 . Comparative valuation analysis is a catch-all model that can be used if you cannot value Teck Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Teck Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.About Teck Resources Financial Statements
Teck Resources stakeholders use historical fundamental indicators, such as Teck Resources' revenue or net income, to determine how well the company is positioned to perform in the future. Although Teck Resources investors may analyze each financial statement separately, they are all interrelated. For example, changes in Teck Resources' assets and liabilities are reflected in the revenues and expenses on Teck Resources' income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Teck Resources Limited. Please read more on our technical analysis and fundamental analysis pages.
Teck Resources Limited researches, explores for, develops, and produces natural resources in the Asia Pacific, the Americas, and Europe. Teck Resources Limited was founded in 1906 and is headquartered in Vancouver, Canada. TECK RESOURCES operates under Industrial Metals Minerals classification in Canada and is traded on Toronto Stock Exchange. It employs 10000 people.
Pair Trading with Teck Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Teck Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Teck Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Teck Stock
| 0.79 | AG | First Majestic Silver | PairCorr |
| 0.84 | IE | Ivanhoe Energy | PairCorr |
| 0.81 | ORE | Orezone Gold Corp | PairCorr |
| 0.65 | FDY | Faraday Copper Corp | PairCorr |
Moving against Teck Stock
The ability to find closely correlated positions to Teck Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Teck Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Teck Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Teck Resources Limited to buy it.
The correlation of Teck Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Teck Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Teck Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Teck Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in Teck Stock
Teck Resources financial ratios help investors to determine whether Teck Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Teck with respect to the benefits of owning Teck Resources security.