EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
TSX:EQX - Toronto Stock Exchange - CA29446Y5020 - Common Stock - Currency: CAD
Taking everything into account, EQX scores 5 out of 10 in our fundamental rating. EQX was compared to 805 industry peers in the Metals & Mining industry. EQX has an excellent profitability rating, but there are concerns on its financial health. EQX is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year EQX was profitable.
EQX had a positive operating cash flow in the past year.
EQX had positive earnings in 4 of the past 5 years.
EQX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EQX has a better Return On Assets (5.05%) than 89.44% of its industry peers.
The Return On Equity of EQX (9.99%) is better than 91.93% of its industry peers.
EQX has a Return On Invested Capital of 2.13%. This is amongst the best in the industry. EQX outperforms 89.07% of its industry peers.
EQX had an Average Return On Invested Capital over the past 3 years of 0.99%. This is significantly below the industry average of 12.05%.
The 3 year average ROIC (0.99%) for EQX is below the current ROIC(2.13%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.05% | ||
| ROE | 9.99% | ||
| ROIC | 2.13% |
ROA(3y)0.99%
ROA(5y)3.56%
ROE(3y)2.22%
ROE(5y)5.93%
ROIC(3y)0.99%
ROIC(5y)1.95%
1.3 Margins
EQX has a better Profit Margin (22.41%) than 95.90% of its industry peers.
EQX's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 15.72%, EQX belongs to the top of the industry, outperforming 90.93% of the companies in the same industry.
In the last couple of years the Operating Margin of EQX has declined.
EQX has a Gross Margin of 34.64%. This is amongst the best in the industry. EQX outperforms 92.55% of its industry peers.
EQX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.72% | ||
| PM (TTM) | 22.41% | ||
| GM | 34.64% |
OM growth 3Y1.42%
OM growth 5Y-4.29%
PM growth 3Y-24.11%
PM growth 5YN/A
GM growth 3Y-4.28%
GM growth 5Y-4.45%
2. Health
2.1 Basic Checks
EQX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for EQX has been increased compared to 1 year ago.
Compared to 5 years ago, EQX has more shares outstanding
The debt/assets ratio for EQX is higher compared to a year ago.
2.2 Solvency
EQX has an Altman-Z score of 1.07. This is a bad value and indicates that EQX is not financially healthy and even has some risk of bankruptcy.
EQX has a Altman-Z score (1.07) which is in line with its industry peers.
A Debt/Equity ratio of 0.36 indicates that EQX is not too dependend on debt financing.
EQX has a Debt to Equity ratio of 0.36. This is in the lower half of the industry: EQX underperforms 70.56% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.07 |
ROIC/WACC0.26
WACC8.32%
2.3 Liquidity
EQX has a Current Ratio of 1.14. This is a normal value and indicates that EQX is financially healthy and should not expect problems in meeting its short term obligations.
EQX has a Current ratio (1.14) which is comparable to the rest of the industry.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
With a Quick ratio value of 0.53, EQX is not doing good in the industry: 66.71% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 684.78% over the past year.
Measured over the past years, EQX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.64% on average per year.
The Revenue has grown by 39.14% in the past year. This is a very strong growth!
The Revenue has been growing by 39.98% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)684.78%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%75.58%
3.2 Future
Based on estimates for the next years, EQX will show a very strong growth in Earnings Per Share. The EPS will grow by 21.03% on average per year.
Based on estimates for the next years, EQX will show a small growth in Revenue. The Revenue will grow by 6.25% on average per year.
EPS Next Y341.1%
EPS Next 2Y152.51%
EPS Next 3Y82.44%
EPS Next 5Y21.03%
Revenue Next Year33.06%
Revenue Next 2Y23.47%
Revenue Next 3Y12.23%
Revenue Next 5Y6.25%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 41.13, EQX can be considered very expensive at the moment.
Based on the Price/Earnings ratio, EQX is valued cheaper than 87.20% of the companies in the same industry.
EQX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.46.
Based on the Price/Forward Earnings ratio of 5.16, the valuation of EQX can be described as very cheap.
Based on the Price/Forward Earnings ratio, EQX is valued cheaply inside the industry as 95.90% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.30, EQX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.13 | ||
| Fwd PE | 5.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 91.93% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 9.18 |
4.3 Compensation for Growth
EQX's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
The decent profitability rating of EQX may justify a higher PE ratio.
EQX's earnings are expected to grow with 82.44% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.12
PEG (5Y)N/A
EPS Next 2Y152.51%
EPS Next 3Y82.44%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (6/3/2025, 7:00:00 PM)
9.46
+0.05 (+0.53%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners59.41%
Inst Owner ChangeN/A
Ins Owners5.43%
Ins Owner ChangeN/A
Market Cap4.31B
Analysts80
Price Target21.85 (130.97%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-22.78%
Min EPS beat(2)-24.27%
Max EPS beat(2)-21.28%
EPS beat(4)2
Avg EPS beat(4)8.29%
Min EPS beat(4)-24.27%
Max EPS beat(4)44.74%
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)1
Avg Revenue beat(2)-1.42%
Min Revenue beat(2)-3.12%
Max Revenue beat(2)0.27%
Revenue beat(4)1
Avg Revenue beat(4)-7.42%
Min Revenue beat(4)-13.9%
Max Revenue beat(4)0.27%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)10.65%
PT rev (3m)32.46%
EPS NQ rev (1m)-5.52%
EPS NQ rev (3m)-24.28%
EPS NY rev (1m)0%
EPS NY rev (3m)-7.06%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-25.28%
Revenue NY rev (1m)-0.47%
Revenue NY rev (3m)-12.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.13 | ||
| Fwd PE | 5.16 | ||
| P/S | 2.08 | ||
| P/FCF | N/A | ||
| P/OCF | 8.46 | ||
| P/B | 0.93 | ||
| P/tB | 0.93 | ||
| EV/EBITDA | 9.18 |
EPS(TTM)0.23
EY2.43%
EPS(NY)1.83
Fwd EY19.39%
FCF(TTM)-0.12
FCFYN/A
OCF(TTM)1.12
OCFY11.82%
SpS4.55
BVpS10.21
TBVpS10.21
PEG (NY)0.12
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.05% | ||
| ROE | 9.99% | ||
| ROCE | 3.95% | ||
| ROIC | 2.13% | ||
| ROICexc | 2.22% | ||
| ROICexgc | 2.22% | ||
| OM | 15.72% | ||
| PM (TTM) | 22.41% | ||
| GM | 34.64% | ||
| FCFM | N/A |
ROA(3y)0.99%
ROA(5y)3.56%
ROE(3y)2.22%
ROE(5y)5.93%
ROIC(3y)0.99%
ROIC(5y)1.95%
ROICexc(3y)1.04%
ROICexc(5y)2.21%
ROICexgc(3y)1.04%
ROICexgc(5y)2.21%
ROCE(3y)1.84%
ROCE(5y)3.63%
ROICexcg growth 3Y-8.65%
ROICexcg growth 5Y-13.76%
ROICexc growth 3Y-8.65%
ROICexc growth 5Y-13.76%
OM growth 3Y1.42%
OM growth 5Y-4.29%
PM growth 3Y-24.11%
PM growth 5YN/A
GM growth 3Y-4.28%
GM growth 5Y-4.45%
F-Score6
Asset Turnover0.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.36 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.63 | ||
| Cap/Depr | 185.11% | ||
| Cap/Sales | 27.22% | ||
| Interest Coverage | 2.11 | ||
| Cash Conversion | 80.81% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.14 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 1.07 |
F-Score6
WACC8.32%
ROIC/WACC0.26
Cap/Depr(3y)240.75%
Cap/Depr(5y)202.16%
Cap/Sales(3y)44.6%
Cap/Sales(5y)37.26%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)684.78%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y341.1%
EPS Next 2Y152.51%
EPS Next 3Y82.44%
EPS Next 5Y21.03%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%75.58%
Revenue Next Year33.06%
Revenue Next 2Y23.47%
Revenue Next 3Y12.23%
Revenue Next 5Y6.25%
EBIT growth 1Y379.57%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year95.85%
EBIT Next 3Y40.32%
EBIT Next 5Y28.14%
FCF growth 1Y75.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y3.83%
OCF growth 3Y5.08%
OCF growth 5Y44.19%