Discounted Cash Flow

Teck Resources Ltd. Foreign

TECK · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $9.3b $1.0b 11.2% $1.80
2017 $12.0b (29.5%) $2.5b (141.2%) 20.8% (86.2%) $4.34 (141.1%)
2018 $12.6b (4.3%) $3.1b (23.8%) $4.2b 24.7% (18.7%) $5.41 (24.7%)
2019 $11.9b (-5.0%) $-605.0m (-119.5%) $2.8b (-33.6%) -5.1% (-120.5%) $-1.08 (-120.0%)
2020 $8.9b (-25.0%) $-864.0m (-42.8%) $1.4b (-52.0%) -9.7% (-90.5%) $-1.62 (-50.0%)
2021 $13.5b (50.7%) $2.9b (431.9%) $4.7b (249.4%) 21.3% (320.3%) $5.39 (432.7%)
2022 $17.3b (28.4%) $3.3b (15.7%) $6.1b (29.8%) 19.2% (-10.0%) $5.74 (6.5%)
2023 $15.0b (-13.3%) $2.4b (-27.4%) $-813.0m (-113.2%) 16.0% (-16.2%) $4.65 (-19.0%)
2024 $9.1b (-39.6%) $406.0m (-83.1%) $-810.0m (0.4%) 4.5% (-72.1%) $0.79 (-83.0%)
2025 $10.8b (18.7%) $1.4b (245.1%) $468.0m (157.8%) 13.0% (190.8%) $2.84 (259.5%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model