Teck Resources Limited (TPT) - Net Assets
Based on the latest financial reports, Teck Resources Limited (TPT) has net assets worth €25.80 Billion EUR (≈ $30.17 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€44.55 Billion ≈ $52.08 Billion USD) and total liabilities (€18.75 Billion ≈ $21.91 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read Teck Resources Limited (TPT) financial obligations for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €25.80 Billion |
| % of Total Assets | 57.92% |
| Annual Growth Rate | 5.54% |
| 5-Year Change | 30.85% |
| 10-Year Change | N/A |
| Growth Volatility | 8.87 |
Teck Resources Limited - Net Assets Trend (2016–2024)
This chart illustrates how Teck Resources Limited's net assets have evolved over time, based on quarterly financial data. Also explore Teck Resources Limited assets under control for the complete picture of this company's asset base.
Annual Net Assets for Teck Resources Limited (2016–2024)
The table below shows the annual net assets of Teck Resources Limited from 2016 to 2024. For live valuation and market cap data, see Teck Resources Limited (TPT) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €27.10 Billion ≈ $31.68 Billion |
-4.23% |
| 2023-12-31 | €28.29 Billion ≈ $33.08 Billion |
+6.72% |
| 2022-12-31 | €26.51 Billion ≈ $30.99 Billion |
+11.52% |
| 2021-12-31 | €23.77 Billion ≈ $27.79 Billion |
+14.80% |
| 2020-12-31 | €20.71 Billion ≈ $24.21 Billion |
-6.19% |
| 2019-12-31 | €22.07 Billion ≈ $25.81 Billion |
-4.10% |
| 2018-12-31 | €23.02 Billion ≈ $26.91 Billion |
+17.89% |
| 2017-12-31 | €19.52 Billion ≈ $22.83 Billion |
+10.93% |
| 2016-12-31 | €17.60 Billion ≈ $20.58 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Teck Resources Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 67.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €17.06 Billion | 65.43% |
| Other Components | €9.02 Billion | 34.57% |
| Total Equity | €26.08 Billion | 100.00% |
Teck Resources Limited Competitors by Market Cap
The table below lists competitors of Teck Resources Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Zhongheng Huafa Co Ltd Class A
SHE:000020
|
$423.10 Million |
|
NationGate Holdings Berhad
KLSE:0270
|
$423.16 Million |
|
Blue Label Telecoms Ltd
JSE:BLU
|
$423.38 Million |
|
Diplomat Holdings Ltd
TA:DIPL
|
$423.39 Million |
|
Goodwill E Health Info Co Ltd
SHG:688246
|
$422.80 Million |
|
Caleres Inc
NYSE:CAL
|
$422.68 Million |
|
Shandong Hongyu Agricultural Machinery Co Ltd
SHE:002890
|
$422.59 Million |
|
Bukwang Pharm
KO:003000
|
$422.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Teck Resources Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 26,988,000,000 to 26,077,000,000, a change of -911,000,000 (-3.4%).
- Net income of 406,000,000 contributed positively to equity growth.
- Dividend payments of 514,000,000 reduced retained earnings.
- Share repurchases of 1,240,000,000 reduced equity.
- New share issuances of 172,000,000 increased equity.
- Other factors increased equity by 265,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €406.00 Million | +1.56% |
| Dividends Paid | €514.00 Million | -1.97% |
| Share Repurchases | €1.24 Billion | -4.76% |
| Share Issuances | €172.00 Million | +0.66% |
| Other Changes | €265.00 Million | +1.02% |
| Total Change | €- | -3.38% |
Book Value vs Market Value Analysis
This analysis compares Teck Resources Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.92x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.41x to 0.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €33.81 | €47.60 | x |
| 2018-12-31 | €40.10 | €47.60 | x |
| 2019-12-31 | €38.93 | €47.60 | x |
| 2020-12-31 | €37.73 | €47.60 | x |
| 2021-12-31 | €43.02 | €47.60 | x |
| 2022-12-31 | €49.59 | €47.60 | x |
| 2023-12-31 | €52.17 | €47.60 | x |
| 2024-12-31 | €51.50 | €47.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Teck Resources Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.48%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.80x
- Recent ROE (1.56%) is below the historical average (6.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.96% | 11.18% | 0.26x | 2.04x | €-704.20 Million |
| 2017 | 12.94% | 20.83% | 0.33x | 1.91x | €570.70 Million |
| 2018 | 13.58% | 24.73% | 0.32x | 1.73x | €818.60 Million |
| 2019 | -2.84% | -5.07% | 0.30x | 1.85x | €-2.74 Billion |
| 2020 | -4.31% | -9.66% | 0.22x | 2.06x | €-2.87 Billion |
| 2021 | 12.47% | 21.27% | 0.28x | 2.06x | €567.50 Million |
| 2022 | 13.02% | 19.16% | 0.33x | 2.06x | €769.70 Million |
| 2023 | 8.93% | 37.20% | 0.12x | 2.08x | €-289.80 Million |
| 2024 | 1.56% | 4.48% | 0.19x | 1.80x | €-2.20 Billion |
Industry Comparison
This section compares Teck Resources Limited's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $11,918,307
- Average return on equity (ROE) among peers: -92.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Teck Resources Limited (TPT) | €25.80 Billion | 5.96% | 0.73x | $422.91 Million |
| Scandium International Mining Corp (0E6) | $901.89K | -328.32% | 0.16x | $17.79 Million |
| Asiamet Resources Ltd (0FK) | $2.57 Million | -281.87% | 0.47x | $27.77 Million |
| Global Li-Ion Graphite Corp (0TD) | $2.41 Million | -62.75% | 0.22x | $211.57K |
| Benz Mining Corp (1VU) | $1.23 Million | -52.21% | 0.03x | $221.87 Million |
| Pacific Empire Minerals Corp (1YK) | $938.41K | -109.89% | 0.05x | $6.64 Million |
| PURANIUM ENERGY LTD. (2DK) | $-109.30K | 0.00% | 0.00x | $469.66K |
| TROUBADOUR RESOURCES INC. (2QD0) | $1.46 Million | -17.32% | 0.25x | $1.14 Million |
| GOLCAP RESOURCES CORP (2SO0) | $-2.39K | 0.00% | 0.00x | $2.27 Million |
| CDN Maverick Capital Corp. (338B) | $1.88 Million | -29.31% | 0.05x | $2.48 Million |
| Adriatic Metals Plc (3FN) | $107.90 Million | -43.69% | 0.62x | $1.23 Billion |
About Teck Resources Limited
Teck Resources Limited engages in research, exploration, development, processing, smelting, refining, and reclamation of mineral properties in Asia, the Americas, and Europe. The company operates through Copper and Zinc segments. It offers copper, zinc, and lead concentrates, as well as refined zinc, lead, and silver. The company also produces lead, precious metals, molybdenum, fertilizers, and o… Read more