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Teck Resources Ltd
NYSE:TECK

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Teck Resources Ltd
NYSE:TECK
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Price: 60.17 USD -0.95% Market Closed
Market Cap: $29.4B

P/B

1.6
Current
43%
More Expensive
vs 3-y average of 1.1

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.6
=
Market Cap
$29.2B
/
Total Equity
CA$24.9B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
1.6
=
Market Cap
$29.2B
/
Total Equity
CA$24.9B

Valuation Scenarios

Teck Resources Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (1.1), the stock would be worth $42.15 (30% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-36%
Maximum Upside
+161%
Average Upside
40%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 1.6 $60.17
0%
3-Year Average 1.1 $42.15
-30%
5-Year Average 1 $38.47
-36%
Industry Average 4.2 $156.99
+161%
Country Average 2.7 $99.06
+65%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
CA
Teck Resources Ltd
NYSE:TECK
29.4B USD 1.6 32.1
AU
BHP Group Ltd
ASX:BHP
284.9B AUD 4 19.6
AU
Rio Tinto Ltd
ASX:RIO
278.6B AUD 3.6 19.8
UK
Rio Tinto PLC
LSE:RIO
119.9B GBP 2.7 15.9
CH
Glencore PLC
LSE:GLEN
65.5B GBP 2.2 238.8
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.5T MXN 4 18
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 4 33.9
CN
CMOC Group Ltd
SSE:603993
414.2B CNY 5 20.4
UK
Anglo American PLC
LSE:AAL
43.5B GBP 3.2 -15.4
CN
China Molybdenum Co Ltd
OTC:CMCLF
52.2B USD 4.4 17.7
ZA
African Rainbow Minerals Ltd
JSE:ARI
44.4B ZAR 0.7 34.5

Market Distribution

In line with most companies in Canada
Percentile
31th
Based on 3 061 companies
31th percentile
1.6
Low
0 — 1.6
Typical Range
1.6 — 4.9
High
4.9 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.9
Max 1 402.4

Teck Resources Ltd
Glance View

Teck Resources Ltd. stands as a prominent entity in the realm of natural resources, deeply entrenched in a narrative of extraction and innovation. Founded in the early 20th century, the company's journey mirrors the dynamic history of Canada's mining industry. Headquartered in Vancouver, Teck has evolved from its early days focused on simple zinc mining into a diversified mining giant with a global footprint. Today, the company operates in the domains of copper, coal, zinc, and energy, strategically positioning itself across regions in the Americas, with pivotal operations in Canada, Chile, and the United States. This geographical diversification allows Teck not only to mitigate potential risks associated with singular dependencies but also to capitalize on the wide-ranging opportunities offered by different markets. Central to Teck's operations and profitability is its integrated approach to resource development, where it meticulously oversees the life cycle of mining operations—from exploration and development to extraction and processing. The company primarily profits from the extraction and sale of its core materials: metallurgical coal, used in steelmaking; copper, vital for electrical applications given the rise of renewable energy and electric vehicles; and zinc, essential for corrosion protection. Beyond merely exploiting these natural deposits, Teck invests significantly in sustainable technologies to reduce environmental impact, thus aligning its long-term strategy with both economic gains and corporate responsibility. This balance of innovation and tradition secures its status not just as a mining leader, but as a forward-thinking entity committed to redefining the standards of the industry.

TECK Intrinsic Value
34.41 USD
Overvaluation 43%
Intrinsic Value
Price $60.17
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