Teck Resources Limited

TECK

Industrial Materials · Basic Materials

Price

$55.05

-0.74 (-1.33%)

Market Cap

$26.53B

Exchange

New York Stock Exchange

Winston Score

Winston is curious

A decent business — some strong pillars, some weaker.

Share count falling — buybacks

−8.3% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 540.3M (2021) → 495.4M (2025)

Teck Resources is a Canadian mining company that digs metals and minerals out of the ground. Its main products are copper, zinc, and steelmaking coal (also called metallurgical coal). Customers include steel mills, manufacturers, and industrial companies around the world that need these materials to build things like cars, buildings, and electronics.

Teck makes money by selling the commodities it mines, so its revenue rises and falls with global metal prices. The company operates mines primarily in Canada, Chile, and Peru, and it is one of the largest producers of steelmaking coal in the Western world. Teck recently sold most of its coal business to focus more heavily on copper, which is in growing demand for electric vehicles and power grids. The key growth driver is expanding its copper production, particularly at the large Quebrada Blanca mine in Chile, but the main risk is that copper prices are volatile and outside the company's control.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+72.2% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+125.7% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

$35M/ year

↓ Declining (-30% vs prior year)

0.3% of revenue

Below sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

3.1%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

$7.8B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Teck Resources Limited grew revenue 72% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

43.5%

Healthy — 43.5% gross margin

Operating Margin

37.6%

Excellent — 37.6% operating margin

ROCE

4.2%

Weak — 4.2% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales YoY

+27.4%

Fast-growing sales (27.4% YoY)

EPS YoY

+223.1%

Earnings growing fast (223.1% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

6/8 quarters

Earnings grew in most of the last 8 quarters

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Cash Flow

Cash Conversion

150%

Turns 150% of profit into real cash

FCF Margin

3.9%

Thin free cash flow (3.9%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

Debt / Equity

0.34

Conservative — low debt load (0.34)

Interest Cover

3.69x

Tight — interest eats into profit (3.7x)

Interest coverage between 3 and 8. Profits cover interest several times over.

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Valuation

P/E Ratio (TTM)

14.6x

Attractive valuation — P/E 14.6

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward

-1.7

SLOWING

Earnings expected to fall — forward P/E higher than today

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Dividends

Dividend Yield

0.62%

Small dividend — 0.62% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

-50.2%

Dividend cut (-50.2% YoY) — warning sign

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