Teck Resources Limited Stock Fundamentals
| TECK-B Stock | CAD 65.13 0.74 1.12% |
Teck Resources Limited fundamentals help investors to digest information that contributes to Teck Resources' financial success or failures. It also enables traders to predict the movement of Teck Stock. The fundamental analysis module provides a way to measure Teck Resources' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Teck Resources stock.
At present, Teck Resources' Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Total Revenue is expected to grow to about 15.8 B, whereas Gross Profit is forecasted to decline to about 2.6 B. Teck | Select Account or Indicator |
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 | 0.0441 |
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.
Teck Return On Equity Driver Correlations
Understanding the fundamental principles of building solid financial models for Teck Resources is extremely important. It helps to project a fair market value of Teck Stock properly, considering its historical fundamentals such as Return On Equity. Since Teck Resources' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Teck Resources' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Teck Resources' interrelated accounts and indicators.
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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.
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Teck Total Stockholder Equity
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Based on the latest financial disclosure, Teck Resources Limited has a Return On Equity of 0.0441. This is 95.15% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The return on equity for all Canada stocks is 114.23% 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 third in return on equity category among its peers. It is rated second in return on asset category among its peers reporting about 1.20 of Return On Asset per Return On Equity. At present, Teck Resources' Return On Equity is projected to increase slightly based on the last few years of reporting. 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.Teck Return On Equity Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Teck Resources' direct or indirect competition against its Return On Equity to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Teck Resources could also be used in its relative valuation, which is a method of valuing Teck Resources by comparing valuation metrics of similar companies.Teck Resources is currently under evaluation in return on equity category among its peers.
Teck Resources Current Valuation Drivers
We derive many important indicators used in calculating different scores of Teck Resources from analyzing Teck Resources' financial statements. These drivers represent accounts that assess Teck Resources' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Teck Resources' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 16.9B | 12.6B | 19.4B | 27.0B | 29.1B | 30.5B | |
| Enterprise Value | 20.7B | 17.3B | 27.3B | 35.1B | 39.4B | 41.4B |
Teck Resources ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Teck Resources' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Teck Resources' managers, analysts, and investors.Environment Score | Governance Score | Social Score |
Teck Fundamentals
| Return On Equity | 0.0441 | ||||
| Return On Asset | 0.0527 | ||||
| Profit Margin | 0.03 % | ||||
| Operating Margin | 0.14 % | ||||
| Current Valuation | 35.81 B | ||||
| Shares Outstanding | 503.1 M | ||||
| Shares Owned By Insiders | 0.90 % | ||||
| Shares Owned By Institutions | 77.77 % | ||||
| Number Of Shares Shorted | 3.99 M | ||||
| Price To Earning | 4.70 X | ||||
| Price To Book | 1.33 X | ||||
| Price To Sales | 2.02 X | ||||
| Revenue | 15.01 B | ||||
| Gross Profit | 8.57 B | ||||
| EBITDA | 6.23 B | ||||
| Net Income | 2.44 B | ||||
| Cash And Equivalents | 403 M | ||||
| Cash Per Share | 0.76 X | ||||
| Total Debt | 11.09 B | ||||
| Debt To Equity | 0.35 % | ||||
| Current Ratio | 1.34 X | ||||
| Book Value Per Share | 48.40 X | ||||
| Cash Flow From Operations | 3.33 B | ||||
| Short Ratio | 3.43 X | ||||
| Earnings Per Share | 2.91 X | ||||
| Target Price | 73.94 | ||||
| Number Of Employees | 12.6 K | ||||
| Beta | 1.36 | ||||
| Market Capitalization | 33.65 B | ||||
| Total Asset | 56.19 B | ||||
| Retained Earnings | 19.62 B | ||||
| Working Capital | 573 M | ||||
| Annual Yield | 0.01 % | ||||
| Five Year Return | 1.22 % | ||||
| Net Asset | 56.19 B | ||||
| Last Dividend Paid | 0.5 |
About Teck Resources Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Teck Resources Limited's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Teck Resources using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Teck Resources Limited based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.| Last Reported | Projected for Next Year | ||
| Current Deferred Revenue | 27 M | 18.7 M | |
| Total Revenue | 15 B | 15.8 B | |
| Cost Of Revenue | 10.1 B | 10.6 B | |
| Stock Based Compensation To Revenue | 0.01 | 0.01 | |
| Sales General And Administrative To Revenue | 0.02 | 0.01 | |
| Research And Ddevelopement To Revenue | 0.01 | 0.01 | |
| Capex To Revenue | 0.39 | 0.40 | |
| Revenue Per Share | 28.91 | 30.36 | |
| Ebit Per Revenue | 0.29 | 0.15 |
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.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.