Commodity prices generally fell in the September-ending quarter, except for gold. Concerns about weak China end-user steel demand affected iron ore and other steelmaking commodities, while base metals prices fell on worries over slower economic growth in China and elsewhere.
Teck is materially increasing its copper production to take advantage of increased demand due to trends including decarbonization and electrification.
The sale of its metallurgical coal business in mid-2024 means Teck is less diversified by commodity, with copper representing around 85% of midcycle EBITDA.
|
Metric
|
TECK.B
|
RIO
|
VALE
|
|---|---|---|---|
Price/Earnings (Normalized) | 19.13 | 11.56 | 5.85 |
Price/Book Value | 1.39 | 2.47 | 1.36 |
Price/Sales | 2.39 | 2.49 | 1.20 |
Price/Cash Flow | 11.55 | 8.20 | 3.80 |
|
Metric
|
TECK.B
|
RIO
|
VALE
|
|---|---|---|---|
Quick Ratio | 0.64 | 1.16 | 0.69 |
Current Ratio | 1.48 | 1.70 | 1.08 |
Interest Coverage | 8.26 | 10.17 | 8.45 |
|
Metric
|
TECK.B
|
RIO
|
VALE
|
|---|---|---|---|
Return on Assets (Normalized) | 3.45% | 11.49% | 11.40% |
Return on Equity (Normalized) | 7.28% | 21.57% | 27.08% |
Return on Invested Capital (Normalized) | 5.60% | 18.28% | 20.80% |
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
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United States