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Teck Resources (TSX:TECK.B) Cyclically Adjusted Price-to-FCF : 99.53 (As of Jun. 08, 2024)


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What is Teck Resources Cyclically Adjusted Price-to-FCF?

As of today (2024-06-08), Teck Resources's current share price is C$67.68. Teck Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was C$0.68. Teck Resources's Cyclically Adjusted Price-to-FCF for today is 99.53.

The historical rank and industry rank for Teck Resources's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

TSX:TECK.B' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1.52   Med: 10.91   Max: 107.68
Current: 98.99

During the past years, Teck Resources's highest Cyclically Adjusted Price-to-FCF was 107.68. The lowest was 1.52. And the median was 10.91.

TSX:TECK.B's Cyclically Adjusted Price-to-FCF is ranked worse than
87.55% of 249 companies
in the Metals & Mining industry
Industry Median: 20.97 vs TSX:TECK.B: 98.99

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Teck Resources's adjusted free cash flow per share data for the three months ended in Mar. 2024 was C$-2.021. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is C$0.68 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Teck Resources Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Teck Resources's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Teck Resources Cyclically Adjusted Price-to-FCF Chart

Teck Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.09 16.85 40.42 42.29 64.78

Teck Resources Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.95 54.20 64.09 64.78 90.68

Competitive Comparison of Teck Resources's Cyclically Adjusted Price-to-FCF

For the Other Industrial Metals & Mining subindustry, Teck Resources's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Teck Resources's Cyclically Adjusted Price-to-FCF Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Teck Resources's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Teck Resources's Cyclically Adjusted Price-to-FCF falls into.



Teck Resources Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Teck Resources's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=67.68/0.68
=99.53

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Teck Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Teck Resources's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-2.021/126.2576*126.2576
=-2.021

Current CPI (Mar. 2024) = 126.2576.

Teck Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.170 99.473 -0.216
201409 0.115 99.394 0.146
201412 0.269 98.367 0.345
201503 -0.283 99.789 -0.358
201506 -0.293 100.500 -0.368
201509 0.113 100.421 0.142
201512 -0.026 99.947 -0.033
201603 -0.146 101.054 -0.182
201606 -0.187 102.002 -0.231
201609 0.667 101.765 0.828
201612 1.643 101.449 2.045
201703 1.341 102.634 1.650
201706 1.546 103.029 1.895
201709 0.572 103.345 0.699
201712 1.235 103.345 1.509
201803 0.783 105.004 0.941
201806 0.989 105.557 1.183
201809 0.505 105.636 0.604
201812 0.859 105.399 1.029
201903 -0.280 106.979 -0.330
201906 0.616 107.690 0.722
201909 0.141 107.611 0.165
201912 -0.459 107.769 -0.538
202003 -1.306 107.927 -1.528
202006 -1.109 108.401 -1.292
202009 -0.578 108.164 -0.675
202012 -0.859 108.559 -0.999
202103 -0.776 110.298 -0.888
202106 -1.201 111.720 -1.357
202109 0.500 112.905 0.559
202112 1.659 113.774 1.841
202203 2.293 117.646 2.461
202206 2.931 120.806 3.063
202209 0.934 120.648 0.977
202212 -1.595 120.964 -1.665
202303 -0.936 122.702 -0.963
202306 -0.702 124.203 -0.714
202309 -1.226 125.230 -1.236
202312 -0.369 125.072 -0.372
202403 -2.021 126.258 -2.021

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Teck Resources  (TSX:TECK.B) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Teck Resources Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Teck Resources's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Teck Resources (TSX:TECK.B) Business Description

Address
550 Burrard Street, Suite 3300, Vancouver, BC, CAN, V6C 0B3
Teck is a diversified miner with coal, copper, and zinc operations in Canada, the United States, Chile, and Peru. Metallurgical coal is Teck's primary commodity in terms of EBITDA contribution, followed by copper and zinc. Teck is the world's second-largest exporter of seaborne metallurgical coal and is a top-three zinc miner. Its major new copper mine in Chile at the majority-owned Quebrada Blanca 2, in partnership with Sumitomo, will drive an increase in Teck's attributable copper production by roughly 80%. Along with a number of additional copper growth options, Teck's strategy is to rebalance its portfolio to low carbon metals such as copper. It sold its oil sands business in early 2023 and has agreed to sell its coal business, with the deal likely closing in the third quarter of 2024.

Teck Resources (TSX:TECK.B) Headlines

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