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Teck Resources (Teck Resources) Cyclically Adjusted FCF per Share : $0.66 (As of Dec. 2023)


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What is Teck Resources Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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 for the three months ended in Dec. 2023 was $-0.275. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $0.66 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Teck Resources's average Cyclically Adjusted FCF Growth Rate was -28.10% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was -14.00% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was -20.30% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was -13.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Teck Resources was 278.00% per year. The lowest was -30.70% per year. And the median was -0.75% per year.

As of today (2024-04-27), Teck Resources's current stock price is $50.38. Teck Resources's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 was $0.66. Teck Resources's Cyclically Adjusted Price-to-FCF of today is 76.33.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Teck Resources was 77.99. The lowest was 1.52. And the median was 10.79.


Teck Resources Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Teck Resources's Cyclically Adjusted FCF per Share 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 FCF per Share Chart

Teck Resources Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.72 1.08 0.71 0.89 0.66

Teck Resources Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Cyclically Adjusted FCF per Share 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 0.89 0.81 0.78 0.67 0.66

Competitive Comparison of Teck Resources's Cyclically Adjusted FCF per Share

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 FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Teck Resources's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.275/125.4675*125.4675
=-0.275

Current CPI (Dec. 2023) = 125.4675.

Teck Resources Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -0.092 98.604 -0.117
201406 -0.157 99.473 -0.198
201409 0.104 99.394 0.131
201412 0.233 98.367 0.297
201503 -0.224 99.789 -0.282
201506 -0.237 100.500 -0.296
201509 0.085 100.421 0.106
201512 -0.019 99.947 -0.024
201603 -0.110 101.054 -0.137
201606 -0.145 102.002 -0.178
201609 0.509 101.765 0.628
201612 1.231 101.449 1.522
201703 1.002 102.634 1.225
201706 1.163 103.029 1.416
201709 0.466 103.345 0.566
201712 0.968 103.345 1.175
201803 0.606 105.004 0.724
201806 0.753 105.557 0.895
201809 0.387 105.636 0.460
201812 0.639 105.399 0.761
201903 -0.210 106.979 -0.246
201906 0.464 107.690 0.541
201909 0.106 107.611 0.124
201912 -0.348 107.769 -0.405
202003 -0.936 107.927 -1.088
202006 -0.818 108.401 -0.947
202009 -0.437 108.164 -0.507
202012 -0.670 108.559 -0.774
202103 -0.618 110.298 -0.703
202106 -0.983 111.720 -1.104
202109 0.394 112.905 0.438
202112 1.296 113.774 1.429
202203 1.811 117.646 1.931
202206 2.289 120.806 2.377
202209 0.700 120.648 0.728
202212 -1.174 120.964 -1.218
202303 -0.684 122.702 -0.699
202306 -0.528 124.203 -0.533
202309 -0.906 125.230 -0.908
202312 -0.275 125.468 -0.275

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


Teck Resources  (NYSE:TECK) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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 Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=50.38/0.66
=76.33

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Teck Resources was 77.99. The lowest was 1.52. And the median was 10.79.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Teck Resources Cyclically Adjusted FCF per Share Related Terms

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


Teck Resources (Teck Resources) 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.