Teck Resources Limited (TECK) 10-Year Financial Performance & Capital Metrics

TECK • • Industrial / General

Basic MaterialsIndustrial MaterialsDiversified MiningGlobal Diversified Miners

AboutTeck Resources Limited engages in exploring for, acquiring, developing, and producing natural resources in Asia, Europe, and North America. It operates through Steelmaking Coal, Copper, Zinc, Energy, and Corporate segments. The company's principal products include steelmaking coal; copper, gold, blended bitumen, lead, silver, molybdenum, zinc, and zinc concentrates; chemicals, fertilizers, and other metals. It also produces indium and germanium. In addition, the company holds interest in Frontier oil sands projects in the Athabasca region of Alberta; and owns interests in exploration and development projects in Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States. The company was formerly known as Teck Cominco Limited and changed its name to Teck Resources Limited in April 2009. Teck Resources Limited was founded in 1913 and is headquartered in Vancouver, Canada.Show more

Revenue $9.06B +40.0%
EBITDA $1.72B +49.7%
Net Income $406M -83.1%
EPS (Diluted) 0.78 -83.0%
Gross Margin 17.73% +3.2%
EBITDA Margin 18.94% +6.9%
Operating Margin -0.1% -102.9%
Net Margin 4.48% -88.0%
ROE 1.47% -83.3%
ROIC -0.02% -104.4%
Debt/Equity 0.37 -6.2%
Interest Coverage -0.01 -100.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong Piotroski F-Score: 7/9
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 14.7%
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

✗Sales declining 5.4% over 5 years
✗Dividend payout exceeds 100% of earnings
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y0.53%

5Y-5.35%

3Y-10.79%

TTM0.93%

Profit (Net Income) CAGR

10Y1.15%

5Y-

3Y-47.88%

TTM156.33%

EPS CAGR

10Y2.62%

5Y-

3Y-47.24%

TTM207.41%

ROCE

10Y Avg4.78%

5Y Avg5.14%

3Y Avg5.32%

Latest-0.02%

Peer Comparison

Global Diversified Miners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TECKTeck Resources Limited	25.12B	52.27	67.01	39.98%	11.98%	4.87%	0.62%	0.37
BHPBHP Group Limited	167.66B	66.03	18.55	-7.9%	15.82%	32.4%	5.53%	0.47
RIORio Tinto Group	140.31B	86.35	12.21	-0.71%	19.42%	33.83%	4.26%	0.24
VALEVale S.A.	62.62B	14.67	10.71	-8.92%	14.72%	12.89%	4.61%	0.51

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	8.26B	9.3B	11.91B	12.56B	11.93B	8.95B	12.77B	17.32B	6.48B	9.06B
Revenue Growth %	-0.04%	0.13%	0.28%	0.05%	-0.05%	-0.25%	0.43%	0.36%	-0.63%	0.4%
Cost of Goods Sold+	6.98B	6.9B	7.34B	7.94B	8.59B	7.62B	7.55B	8.74B	5.36B	7.46B
COGS % of Revenue	0.85%	0.74%	0.62%	0.63%	0.72%	0.85%	0.59%	0.51%	0.83%	0.82%
Gross Profit+	1.28B	2.4B	4.57B	4.62B	3.34B	1.33B	5.21B	8.57B	1.11B	1.61B
Gross Margin %	0.15%	0.26%	0.38%	0.37%	0.28%	0.15%	0.41%	0.49%	0.17%	0.18%
Gross Profit Growth %	-0.17%	0.87%	0.91%	0.01%	-0.28%	-0.6%	2.91%	0.64%	-0.87%	0.45%
Operating Expenses+	4.2B	671M	296M	-163M	3.49B	2.24B	231M	1.58B	890M	1.62B
OpEx % of Revenue	0.51%	0.07%	0.02%	-0.01%	0.29%	0.25%	0.02%	0.09%	0.14%	0.18%
Selling, General & Admin	121M	270M	241M	201M	165M	179M	297M	472M	377M	366M
SG&A % of Revenue	0.01%	0.03%	0.02%	0.02%	0.01%	0.02%	0.02%	0.03%	0.06%	0.04%
Research & Development	47M	30M	55M	35M	67M	97M	129M	157M	117M	50M
R&D % of Revenue	0.01%	0%	0%	0%	0.01%	0.01%	0.01%	0.01%	0.02%	0.01%
Other Operating Expenses	4.03B	371M	0	-399M	3.26B	1.97B	-195M	956M	396M	1.2B
Operating Income+	-2.92B	1.73B	4.27B	4.78B	-150M	-910M	4.98B	6.99B	222M	-9M
Operating Margin %	-0.35%	0.19%	0.36%	0.38%	-0.01%	-0.1%	0.39%	0.4%	0.03%	-0%
Operating Income Growth %	-3.78%	1.59%	1.48%	0.12%	-1.03%	-5.07%	6.48%	0.4%	-0.97%	-1.04%
EBITDA+	-1.55B	3.11B	5.76B	6.27B	1.47B	600M	6.47B	8.66B	1.15B	1.72B
EBITDA Margin %	-0.19%	0.33%	0.48%	0.5%	0.12%	0.07%	0.51%	0.5%	0.18%	0.19%
EBITDA Growth %	-1.65%	3%	0.85%	0.09%	-0.77%	-0.59%	9.78%	0.34%	-0.87%	0.5%
D&A (Non-Cash Add-back)	1.37B	1.39B	1.49B	1.48B	1.62B	1.51B	1.49B	1.67B	925M	1.73B
EBIT	-3.09B	1.85B	3.98B	4.58B	-380M	-1.03B	4.67B	6.54B	-64M	57M
Net Interest Income+	-238.39M	-270.98M	-120.74M	-111.65M	-101.7M	-159.36M	-44.33M	-64.43M	64.01M	-561.62M
Interest Income	4.99M	16.12M	17.25M	32.9M	49.31M	0	0	0	95.01M	227.85M
Interest Expense	243.37M	287.1M	137.99M	144.54M	151.01M	159.36M	44.33M	64.43M	31M	789.47M
Other Income/Expense	-402M	-97M	-357M	-274M	-318M	-226M	-295M	-421M	-297M	-709M
Pretax Income+	-3.32B	1.63B	3.91B	4.51B	-468M	-1.14B	4.69B	6.57B	-75M	-718M
Pretax Margin %	-0.4%	0.18%	0.33%	0.36%	-0.04%	-0.13%	0.37%	0.38%	-0.01%	-0.08%
Income Tax+	-836M	587M	1.43B	1.36B	120M	-192M	1.52B	2.5B	237M	205M
Effective Tax Rate %	0.75%	0.64%	0.63%	0.69%	1.29%	0.76%	0.61%	0.51%	-32.12%	-0.57%
Net Income+	-2.47B	1.04B	2.46B	3.11B	-605M	-864M	2.87B	3.32B	2.41B	406M
Net Margin %	-0.3%	0.11%	0.21%	0.25%	-0.05%	-0.1%	0.22%	0.19%	0.37%	0.04%
Net Income Growth %	-7.83%	1.42%	1.37%	0.26%	-1.19%	-0.43%	4.32%	0.16%	-0.27%	-0.83%
Net Income (Continuing)	-2.48B	1.04B	2.49B	3.15B	-588M	-944M	3.17B	4.07B	-312M	-923M
Discontinued Operations	0	0	0	0	0	0	-255M	-772M	2.62B	1.21B
Minority Interest	230M	159M	142M	134M	770M	669M	768M	1.04B	1.3B	1.02B
EPS (Diluted)+	-4.28	1.79	4.26	5.32	-1.11	-1.62	5.31	6.19	4.60	0.78
EPS Growth %	-8.11%	1.42%	1.38%	0.25%	-1.21%	-0.46%	4.28%	0.17%	-0.26%	-0.83%
EPS (Basic)	-4.28	1.81	4.32	5.40	-1.11	-1.62	5.39	6.30	4.67	0.79
Diluted Shares Outstanding	576.22M	576.9M	586.39M	582.14M	559.76M	534.4M	540.27M	535.85M	525.3M	520M
Basic Shares Outstanding	576.2M	576.9M	586.39M	581.84M	559.76M	534.4M	532.3M	526.7M	517.8M	516M
Dividend Payout Ratio	-	0.06%	0.14%	0.06%	-	-	0.04%	0.16%	0.11%	1.27%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	4.8B	4.76B	4.75B	5.32B	4.5B	4B	6.1B	8.29B	6.46B	12.57B
Cash & Short-Term Investments	1.89B	1.41B	952M	1.73B	1.03B	450M	1.43B	1.88B	744M	7.59B
Cash Only	1.89B	1.41B	952M	1.73B	1.03B	450M	1.43B	1.88B	744M	7.59B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	1.3B	1.51B	1.42B	1.25B	1.06B	1.31B	1.99B	1.62B	2.19B	1.93B
Days Sales Outstanding	57.36	59.26	43.49	36.43	32.48	53.52	56.81	34.13	123.43	77.63
Inventory	1.62B	1.67B	1.67B	2.06B	1.98B	1.87B	2.39B	2.69B	2.95B	2.6B
Days Inventory Outstanding	84.71	88.45	82.96	94.89	84.14	89.73	115.51	112.07	200.46	127.15
Other Current Assets	0	0	398M	0	98M	14M	0	1.57B	585M	461M
Total Non-Current Assets+	29.88B	30.87B	32.28B	34.31B	34.85B	37.28B	41.27B	44.07B	49.73B	34.46B
Property, Plant & Equipment	26.79B	27.59B	29.05B	31.05B	31.36B	33.58B	37.38B	40.09B	45.56B	30.57B
Fixed Asset Turnover	0.31x	0.34x	0.41x	0.40x	0.38x	0.27x	0.34x	0.43x	0.14x	0.30x
Goodwill	1.13B	1.11B	1.09B	1.12B	1.1B	1.09B	1.09B	1.12B	1.11B	442M
Intangible Assets	79M	74M	76M	80M	162M	309M	395M	400M	345M	196M
Long-Term Investments	1.22B	2.05B	1.1B	1.24B	1.26B	1.25B	1.24B	1.5B	1.51B	1.74B
Other Non-Current Assets	581M	0	895M	660M	764M	782M	998M	875M	1.13B	949M
Total Assets+	34.69B	35.63B	37.03B	39.63B	39.35B	41.28B	47.37B	52.36B	56.19B	47.04B
Asset Turnover	0.24x	0.26x	0.32x	0.32x	0.30x	0.22x	0.27x	0.33x	0.12x	0.19x
Asset Growth %	-0.06%	0.03%	0.04%	0.07%	-0.01%	0.05%	0.15%	0.11%	0.07%	-0.16%
Total Current Liabilities+	1.73B	2.2B	2.64B	2.52B	2.78B	3.25B	3.76B	5.86B	5.89B	4.37B
Accounts Payable	810M	943M	1.11B	1.19B	1.31B	1.43B	1.65B	1.9B	2.31B	1.55B
Days Payables Outstanding	42.36	49.85	55.22	54.45	55.51	68.45	79.89	79.18	157.19	75.71
Short-Term Debt	28M	99M	7M	0	29M	115M	213M	616M	515M	423M
Deferred Revenue (Current)	0	0	1000K	0	0	0	0	1000K	1000K	0
Other Current Liabilities	374M	469M	641M	625M	712M	984M	1.05B	2.42B	2.14B	1.14B
Current Ratio	2.78x	2.16x	1.80x	2.11x	1.62x	1.23x	1.62x	1.41x	1.10x	2.88x
Quick Ratio	1.85x	1.40x	1.17x	1.29x	0.91x	0.66x	0.99x	0.96x	0.60x	2.28x
Cash Conversion Cycle	99.72	97.86	71.22	76.87	61.11	74.8	92.43	67.02	166.71	129.07
Total Non-Current Liabilities+	16.32B	15.29B	14.42B	14.09B	14.5B	17.32B	19.84B	19.98B	22.01B	15.57B
Long-Term Debt	9.61B	8.24B	6.05B	5.18B	5.04B	7.07B	8.42B	8.83B	9.52B	8.59B
Capital Lease Obligations	0	0	265M	306M	512M	573M	567M	439M	866M	776M
Deferred Tax Liabilities	0	0	5.4B	0	0	0	0	0	0	2.29B
Other Non-Current Liabilities	6.72B	7.05B	2.71B	8.61B	8.94B	9.68B	10.84B	10.71B	11.63B	3.91B
Total Liabilities	18.05B	18.03B	17.04B	16.61B	17.28B	20.57B	23.59B	25.85B	27.9B	19.94B
Total Debt+	9.63B	8.34B	6.37B	5.52B	5.75B	7.88B	9.33B	10.02B	11.09B	9.96B
Net Debt	7.75B	6.94B	5.42B	3.79B	4.72B	7.43B	7.9B	8.13B	10.35B	2.38B
Debt / Equity	0.58x	0.47x	0.33x	0.24x	0.26x	0.38x	0.39x	0.38x	0.39x	0.37x
Debt / EBITDA	-	2.68x	1.11x	0.88x	3.91x	13.14x	1.44x	1.16x	9.67x	5.80x
Net Debt / EBITDA	-	2.23x	0.94x	0.60x	3.21x	12.39x	1.22x	0.94x	9.02x	1.38x
Interest Coverage	-11.99x	6.01x	30.95x	33.10x	-0.99x	-5.71x	112.40x	108.43x	7.16x	-0.01x
Total Equity+	16.64B	17.6B	19.52B	23.02B	22.07B	20.71B	23.77B	26.51B	28.29B	27.1B
Equity Growth %	-0.12%	0.06%	0.11%	0.18%	-0.04%	-0.06%	0.15%	0.12%	0.07%	-0.04%
Book Value per Share	28.87	30.51	33.30	39.54	39.43	38.75	44.00	49.47	53.86	52.11
Total Shareholders' Equity	16.41B	17.44B	19.38B	22.88B	21.3B	20.04B	23B	25.47B	26.99B	26.08B
Common Stock	6.63B	6.64B	6.61B	6.6B	6.33B	6.14B	6.21B	6.14B	6.46B	6.44B
Retained Earnings	9.17B	10.72B	12.8B	15.49B	14.45B	13.41B	16.34B	18.07B	19.62B	17.06B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	426M	450M	264M	584M	309M	247M	202M	1.06B	693M	2.4B
Minority Interest	230M	159M	142M	134M	770M	669M	768M	1.04B	1.3B	1.02B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.96B	3.06B	5.07B	4.44B	3.48B	1.56B	4.74B	7.98B	4.08B	2.79B
Operating CF Margin %	0.24%	0.33%	0.43%	0.35%	0.29%	0.17%	0.37%	0.46%	0.63%	0.31%
Operating CF Growth %	-0.14%	0.56%	0.66%	-0.12%	-0.21%	-0.55%	2.03%	0.68%	-0.49%	-0.32%
Net Income	-2.47B	1.04B	2.49B	3.15B	-588M	-944M	2.92B	4.07B	2.41B	-923M
Depreciation & Amortization	1.37B	1.39B	1.47B	1.48B	1.62B	1.51B	1.58B	1.67B	2.11B	1.73B
Stock-Based Compensation	13M	0	0	0	4M	0	125M	236M	0	0
Deferred Taxes	-836M	587M	1.43B	1.36B	120M	-192M	1.62B	2.5B	1.61B	205M
Other Non-Cash Items	3.63B	404M	-409M	-1.47B	2.49B	1.49B	-618M	-385M	-800M	2.06B
Working Capital Changes	260M	-360M	94M	-82M	-160M	-296M	-884M	-107M	-1.25B	-276M
Change in Receivables	18M	-480M	-250M	282M	97M	-294M	-670M	478M	-583M	-347M
Change in Inventory	242M	-86M	-1M	-338M	16M	100M	-412M	-421M	-426M	-374M
Change in Payables	-57M	206M	345M	53M	-204M	55M	313M	237M	256M	474M
Cash from Investing+	-1.1B	-1.84B	-2.48B	-1.6B	-3.57B	-3.67B	-4.82B	-5.68B	-4.76B	6.17B
Capital Expenditures	-1.58B	-1.89B	-1.62B	-2.61B	-2.79B	-3.13B	-4.63B	-5.46B	-5.78B	-2.63B
CapEx % of Revenue	0.19%	0.2%	0.14%	0.21%	0.23%	0.35%	0.36%	0.32%	0.89%	0.29%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-1.33B	-477M	-678M	-707M	-1.36B	-998M	-80M	-129M	-28M	-662M
Cash from Financing+	-1.3B	-1.64B	-2.97B	-2.16B	-537M	1.53B	1.06B	-1.99B	-469M	-2.56B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-374M	-58M	-344M	-172M	-111M	-106M	-106M	-532M	-515M	-514M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-482M	-592M	-551M	-470M	282M	-328M	93M	592M	-500M	1.56B
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-282M	1.16B	2.75B	1.82B	16M	-2.06B	105M	2.52B	-256M	155M
FCF Margin %	-0.03%	0.13%	0.23%	0.15%	0%	-0.23%	0.01%	0.15%	-0.04%	0.02%
FCF Growth %	-5.34%	5.12%	1.36%	-0.34%	-0.99%	-130.06%	1.05%	22.98%	-1.1%	1.61%
FCF per Share	-0.49	2.02	4.69	3.13	0.03	-3.86	0.19	4.70	-0.49	0.30
FCF Conversion (FCF/Net Income)	-0.79x	2.94x	2.06x	1.43x	-5.76x	-1.81x	1.65x	2.41x	1.70x	6.87x
Interest Paid	0	0	0	0	0	0	0	0	753M	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-13.95%	6.08%	13.25%	14.61%	-2.68%	-4.04%	12.9%	13.19%	8.79%	1.47%
Return on Invested Capital (ROIC)	-8.82%	5.29%	12.95%	13.87%	-0.42%	-2.48%	12.5%	15.8%	0.45%	-0.02%
Gross Margin	15.49%	25.76%	38.35%	36.78%	27.99%	14.9%	40.84%	49.5%	17.17%	17.73%
Net Margin	-29.96%	11.18%	20.65%	24.73%	-5.07%	-9.66%	22.47%	19.16%	37.2%	4.48%
Debt / Equity	0.58x	0.47x	0.33x	0.24x	0.26x	0.38x	0.39x	0.38x	0.39x	0.37x
Interest Coverage	-11.99x	6.01x	30.95x	33.10x	-0.99x	-5.71x	112.40x	108.43x	7.16x	-0.01x
FCF Conversion	-0.79x	2.94x	2.06x	1.43x	-5.76x	-1.81x	1.65x	2.41x	1.70x	6.87x
Revenue Growth	-3.95%	12.6%	28.06%	5.49%	-5.01%	-25.02%	42.67%	35.64%	-62.6%	39.98%

Revenue by Geography

	2017	2018	2019	2021	2022	2023	2024
CHINA	2.13B	2.06B	1.98B	4.64B	4.8B	4.2B	2.67B
CHINA Growth	-	-3.24%	-3.74%	134.14%	3.47%	-12.53%	-36.48%
UNITED STATES	1.36B	1.61B	1.62B	1.68B	1.73B	1.58B	1.28B
UNITED STATES Growth	-	18.31%	0.50%	3.83%	2.86%	-8.69%	-18.52%
JAPAN	1.92B	1.88B	1.81B	1.44B	3.22B	2.75B	1.09B
JAPAN Growth	-	-2.13%	-3.56%	-20.74%	123.80%	-14.52%	-60.17%
KOREA, REPUBLIC OF	-	1.51B	1.17B	1.35B	2.18B	1.68B	870M
KOREA, REPUBLIC OF Growth	-	-	-22.51%	15.33%	60.86%	-23.09%	-48.06%
CANADA	919M	932M	1.38B	1.28B	857M	775M	642M
CANADA Growth	-	1.41%	47.64%	-7.05%	-32.99%	-9.57%	-17.16%
CHILE	-	-	-	-	-	339M	615M
CHILE Growth	-	-	-	-	-	-	81.42%
INDIA	763M	981M	947M	556M	1.31B	1.21B	452M
INDIA Growth	-	28.57%	-3.47%	-41.29%	134.89%	-7.04%	-62.77%
GERMANY	579M	561M	486M	731M	428M	560M	410M
GERMANY Growth	-	-3.11%	-13.37%	50.41%	-41.45%	30.84%	-26.79%
SPAIN	278M	-	-	123M	271M	246M	326M
SPAIN Growth	-	-	-	-	120.33%	-9.23%	32.52%
BELGIUM	-	-	-	136M	134M	140M	92M
BELGIUM Growth	-	-	-	-	-1.47%	4.48%	-34.29%
Other American Countries	-	-	-	-	-	170M	8M
Other American Countries Growth	-	-	-	-	-	-	-95.29%
SLOVAKIA	-	-	-	-	150M	126M	-
SLOVAKIA Growth	-	-	-	-	-	-16.00%	-
Latin America	407M	297M	236M	116M	192M	-	-
Latin America Growth	-	-27.03%	-20.54%	-50.85%	65.52%	-	-
Other Asian Countries	970M	1.21B	1.08B	894M	-	-	-
Other Asian Countries Growth	-	24.43%	-10.77%	-16.99%	-	-	-
Other European Countries	679M	1.04B	786M	351M	-	-	-
Other European Countries Growth	-	53.17%	-24.42%	-55.34%	-	-	-
NETHERLANDS	215M	240M	176M	-	-	-	-
NETHERLANDS Growth	-	11.63%	-26.67%	-	-	-	-
South Korea	1.35B	-	-	-	-	-	-
South Korea Growth	-	-	-	-	-	-	-
ITALY	191M	-	-	-	-	-	-
ITALY Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Teck Resources Limited (TECK) has a price-to-earnings (P/E) ratio of 67.0x. This suggests investors expect higher future growth.

Growth & Financials

Teck Resources Limited (TECK) reported $10.48B in revenue for fiscal year 2024. This represents a 9% decrease from $11.51B in 2011.

Teck Resources Limited (TECK) grew revenue by 40.0% over the past year. This is strong growth.

Yes, Teck Resources Limited (TECK) is profitable, generating $1.26B in net income for fiscal year 2024 (4.5% net margin).

Dividend & Returns

Yes, Teck Resources Limited (TECK) pays a dividend with a yield of 1.89%. This makes it attractive for income-focused investors.

Teck Resources Limited (TECK) has a return on equity (ROE) of 1.5%. This is below average, suggesting room for improvement.

Teck Resources Limited (TECK) had negative free cash flow of $280.0M in fiscal year 2024, likely due to heavy capital investments.

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