Teck Resources Ltd TECK

Competitive advantage analysis · basic-materials

Corporate Default
Overall moat score
70/100
Moderate

About Teck Resources Ltd

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 … Full TECK analysis →

Competitive advantage assessment

Key strengths

  • Cost Leadership Position Operating margin at 93.1th percentile with strong OpEx control demonstrates cost leadership.
  • ROIC Sustainably Above Peers ROIC at 79.5th percentile exceeds peers and WACC, demonstrating superior capital allocation.

Key risks

  • Revenue Volatility Signals Weak Stickiness Revenue volatility is high (stability score 0.35), suggesting weak customer stickiness.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Moderate
68

Where TECK ranks in Other Industrial Metals & Mining

Teck Resources Ltd ranks #6 of 48 scored companies in Other Industrial Metals & Mining by moat score — the top 12%. The widest moat in the group is BHP Group Limited (BHP) at 88/100.

Moat scores for companies ranked near TECK in Other Industrial Metals & Mining
# Company Moat score Rating
2 Rio Tinto Plc RIO 83/100 Strong
3 Materion Corporation MTRN 78/100 Strong
4 Nexa Resources S.A. NEXA 76/100 Strong
5 VALE S.A. VALE 73/100 Moderate
6 Teck Resources Ltd TECK 70/100 Moderate
7 Compass Minerals Intl Inc CMP 64/100 Moderate
8 Vizsla Silver Corp. VZLA 64/100 Moderate
9 Solitario Resources Corp. XPL 59/100 Moderate
10 TMC the metals company Inc. TMC 58/100 Moderate

See every Commodities & Mining company ranked by moat score →

How TECK scores on the Corporate Default defenses

Pricing Power

Score 68 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 94 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 60 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 70 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 67 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 64 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TECK's moat

What is Teck Resources Ltd's moat score?

Teck Resources Ltd (TECK) scores 70 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #6 of 48 scored companies in Other Industrial Metals & Mining, the top 12%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 47 companies in Other Industrial Metals & Mining. Its strongest defense is Cost Advantage (94/100) and its weakest is Customer Stickiness (60/100).

How does Teck Resources Ltd compare with other Other Industrial Metals & Mining companies?

Teck Resources Ltd ranks #6 of 48 scored companies in Other Industrial Metals & Mining by moat score. The widest moat in Other Industrial Metals & Mining is BHP Group Limited (BHP) at 88/100. The companies ranked closest are VALE S.A. (VALE) at 73 just above it and Compass Minerals Intl Inc (CMP) at 64 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 47 companies in Other Industrial Metals & Mining. The defenses are then weighted to produce the overall score out of 100.

Why is Teck Resources Ltd scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Teck Resources Ltd?

The Corporate Default template measures 6 defenses, and TECK scores: Pricing Power (68), Cost Advantage (94), Customer Stickiness (60), Capital Efficiency (70), Resilience (67), Scale & Market Position (64). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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