Teck Resources Limited (TECK-A) Fair Value & Analysis
Basic Materials · CA · Market cap C$38.2B (≈ $27.6B)
What is Teck Resources Limited really worth?
A solid business, but trading 153% above our fair value of C$37.83.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 17 valuation models · updated 8 days ago
Share price +3.3% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (C$37.83). The favourable scenario is already priced in.
- Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
- The models converge in a tight band (C$35.21 to C$37.83), unusually little disagreement for a valuation.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range C$29.69 – C$101.86 · fair‑value band C$35.21 – C$37.83 · the C$95.63 price screens above the C$37.83 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Teck Resources Limited (TECK-A) currently trades at C$95.63, while our model-based Fair Value estimate is C$37.83, implying the stock looks roughly 152.8% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of C$45.54 per share, and 0 of the 17 models we run sit above the C$95.63 price. Bear case: the Dividend Discount group reads lowest at C$7.93, and 17 of the 17 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Teck Resources Limited generated revenue of C$12.4B at a net margin of 14.9%. Revenue grew 72.2% year over year. It earns a return on equity of 5.9%. Net debt stands at C$4.6B. Fundamentals as of Aug 27, 2026
Our scenario range runs from C$35.21 (bear case) to C$37.83 (bull case); at C$95.63, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 120% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at −60%, TECK-A screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly C$2.22 per share, which is 5.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 17 models by family
Widest divergence: Growth Earnings (C$45.54) versus Dividend Discount (C$7.93). Highest evidence: Residual Income (75).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 65
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. It operates through Copper and Zinc segments. The company offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver.
Full company description
Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. It operates through Copper and Zinc segments. The company offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. It also produces lead, precious metals, molybdenum, fertilizers, and other metals; and sells refined metals or concentrates. In addition, it explores for gold. 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 based in Vancouver, Canada.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Teck Resources Limited reported revenue of C$10.8B in FY2025 versus C$13.5B in FY2021, a compound −5.5%/yr. Reported net income was C$1.4B in FY2025, compounding −16.4%/yr from FY2021.
of which total revenue +4.1 % · buybacks/dilution +1.4 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
TECK-A screens 153% overvalued. Compare with BHP Group →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Teck Resources (TSX:TECK.B) Could Be 7% Overvalued After Merger Terms Emerge
- Teck Resources (TSX:TECK.B) Stock Looks Slightly Overvalued At Today’s Price
- Teck Provides Information Related to the Anglo Special Dividend and the Merger
- SCCO vs. TECK: Which Copper Stock Is the Stronger Pick Now?
Peer Group
Other Industrial Metals & Mining · 469 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHP | A$66.84 | A$42.16 | −37% |
| Vale S.A VALE | $15.31 | $8.95 | −42% |
| Saudi Arabian Mining Company 1211 | 65.50 SAR | 33.87 SAR | −48% |
| CMOC Group 603993 | ¥18.42 | ¥16.15 | −12% |
| Hindustan Zinc Limited HINDZINC | ₹573.00 | ₹508.34 | −11% |
| China Tungsten And Hightech Materials Co 000657 | ¥66.76 | ¥9.55 | −86% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | −74% |
| Western Mining Co 601168 | ¥37.85 | ¥25.99 | −31% |
| Boliden AB BOL | kr 527.80 | kr 461.48 | −13% |
| Korea Zinc Company 010130 | 1,145,000 KRW | 646,063 KRW | −44% |
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