DDM Analysis: TECK

Valuation Snapshot

Stable Growth	$20.43 - $30.39	$25.18
Multi-Stage	$34.43 - $37.86	$36.11
Blended Fair Value	$30.65
Current Price	$61.09
Upside	-49.83%
Decision	Don't Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DPS	35.87%	-0.08%	1.03	0.53	1.06	0.21	0.21	0.22	0.34	0.69	0.12	0.75
YoY Growth	-	-	93.96%	-50.19%	401.89%	0.00%	-4.50%	-35.47%	-50.00%	493.10%	-84.49%	-27.80%
Dividend Yield	-	-	1.96%	0.85%	2.15%	0.42%	0.88%	2.08%	1.09%	2.09%	0.40%	7.54%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	1,256.00
(-) Cash Dividends Paid (M)	248.00
(=) Cash Retained (M)	1,008.00

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	251.20	157.00	94.20
Cash Retained (M)	1,008.00	1,008.00	1,008.00
(-) Cash Required (M)	-251.20	-157.00	-94.20
(=) Excess Retained (M)	756.80	851.00	913.80
(/) Shares Outstanding (M)	501.08	501.08	501.08
(=) Excess Retained per Share	1.51	1.70	1.82
LTM Dividend per Share	0.49	0.49	0.49
(+) Excess Retained per Share	1.51	1.70	1.82
(=) Adjusted Dividend	2.01	2.19	2.32
WACC / Discount Rate	8.20%	8.20%	8.20%
Growth Rate	-1.47%	-0.47%	0.53%
Fair Value	$20.43	$25.18	$30.39
Upside / Downside	-66.55%	-58.78%	-50.25%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	1,256.00	1,250.09	1,244.20	1,238.34	1,232.51	1,226.71	1,263.51
Payout Ratio	19.75%	33.80%	47.85%	61.90%	75.95%	90.00%	92.50%
Projected Dividends (M)	248.00	422.48	595.31	766.51	936.08	1,104.04	1,168.75

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	8.20%	8.20%	8.20%
Growth Rate	-1.47%	-0.47%	0.53%
Year 1 PV (M)	386.55	390.47	394.39
Year 2 PV (M)	498.35	508.52	518.79
Year 3 PV (M)	587.09	605.14	623.57
Year 4 PV (M)	655.98	683.02	710.89
Year 5 PV (M)	707.88	744.54	782.70
PV of Terminal Value (M)	14,416.28	15,162.85	15,940.04
Equity Value (M)	17,252.12	18,094.54	18,970.38
Shares Outstanding (M)	501.08	501.08	501.08
Fair Value	$34.43	$36.11	$37.86
Upside / Downside	-43.64%	-40.89%	-38.03%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 24 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
EXPD	Expeditors International of Washington, Inc.	0.99%	$1.50	24.32%
LISOX	Lazard International Strategic Equity Ptf Open Shares	0.99%	$0.13	36.87%
MXC	Mexco Energy Corporation	0.99%	$0.10	12.25%
NIC	Nicolet Bankshares, Inc.	0.99%	$1.19	12.58%
PAYC	Paycom Software, Inc.	0.99%	$1.51	18.80%
RRC	Range Resources Corporation	0.99%	$0.35	14.60%
WLFC	Willis Lease Finance Corporation	0.99%	$1.32	7.58%
WOR	Worthington Industries, Inc.	0.99%	$0.52	23.95%
CNXN	PC Connection, Inc.	0.98%	$0.56	16.89%
CAT	Caterpillar Inc.	0.97%	$5.78	29.40%
CNK	Cinemark Holdings, Inc.	0.97%	$0.23	18.28%
ECL	Ecolab Inc.	0.97%	$2.54	36.57%
EVR	Evercore Inc.	0.97%	$3.41	27.02%
LSBK	Lake Shore Bancorp, Inc.	0.96%	$0.14	24.34%
0ITL.L	Arthur J. Gallagher & Co.	0.95%	$2.42	39.43%
0IZI.L	W.W. Grainger, Inc.	0.95%	$9.52	26.47%
0L5V.L	The Sherwin-Williams Company	0.95%	$3.11	30.09%
0R2S.L	Stryker Corporation	0.95%	$3.28	43.09%
RRX	Regal Rexnord Corporation	0.95%	$1.39	36.07%
WT	WisdomTree, Inc.	0.95%	$0.12	18.12%
J	Jacobs Solutions Inc.	0.94%	$1.27	53.80%
ORCL	Oracle Corporation	0.94%	$1.84	34.81%
TCBS	Texas Community Bancshares, Inc.	0.94%	$0.17	19.22%
IMKTA	Ingles Markets, Incorporated	0.93%	$0.65	14.68%
ODC	Oil-Dri Corporation of America	0.93%	$0.45	12.28%
PENG	Penguin Solutions, Inc.	0.93%	$0.19	40.17%
SSBK	Southern States Bancshares, Inc.	0.93%	$0.34	9.19%
DAL	Delta Air Lines, Inc.	0.92%	$0.63	8.94%
HIFS	Hingham Institution for Savings	0.92%	$2.49	12.15%
RL	Ralph Lauren Corporation	0.92%	$3.34	24.37%
OPY	Oppenheimer Holdings Inc.	0.91%	$0.66	8.90%
BGC	BGC Group, Inc	0.90%	$0.08	23.56%
CDRE	Cadre Holdings, Inc.	0.90%	$0.37	33.35%
MBNKP	Medallion Bank	0.90%	$0.23	12.50%
JBHT	J.B. Hunt Transport Services, Inc.	0.89%	$1.75	30.14%
NYT	The New York Times Company	0.89%	$0.62	30.32%
RMD	ResMed Inc.	0.89%	$2.18	22.31%
VBFC	Village Bank and Trust Financial Corp.	0.89%	$0.72	15.35%
0I14.L	Cognex Corporation	0.88%	$0.32	49.16%
AR	Antero Resources Corporation	0.88%	$0.30	17.15%
LDOS	Leidos Holdings, Inc.	0.88%	$1.61	14.88%
LMAT	LeMaitre Vascular, Inc.	0.88%	$0.70	32.20%
NNI	Nelnet, Inc.	0.88%	$1.14	9.52%
PFSI	PennyMac Financial Services, Inc.	0.88%	$1.16	12.49%
SMBK	SmartFinancial, Inc.	0.88%	$0.32	11.76%
BYD	Boyd Gaming Corporation	0.87%	$0.75	3.22%
ROST	Ross Stores, Inc.	0.87%	$1.59	24.85%
BBSI	Barrett Business Services, Inc.	0.86%	$0.31	15.02%
BCO	The Brink's Company	0.86%	$1.00	24.81%
HXL	Hexcel Corporation	0.86%	$0.66	77.18%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

Teck Resources Limited (TECK)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener