EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
TSX:EQX - CA29446Y5020 - Common Stock
13.78 CAD
+0.19 (+1.4%)
We assign a fundamental rating of 5 out of 10 to EQX. EQX was compared to 795 industry peers in the Metals & Mining industry. EQX has an excellent profitability rating, but there are concerns on its financial health. EQX is valued quite cheap, while showing a decent growth score. This is a good combination!
1. Profitability
1.1 Basic Checks
EQX had positive earnings in the past year.
EQX had a positive operating cash flow in the past year.
EQX had positive earnings in 4 of the past 5 years.
In the past 5 years EQX always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 0.47%, EQX belongs to the best of the industry, outperforming 85.41% of the companies in the same industry.
EQX has a Return On Equity of 0.88%. This is amongst the best in the industry. EQX outperforms 86.04% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.10%, EQX belongs to the top of the industry, outperforming 89.43% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for EQX is significantly below the industry average of 11.87%.
The 3 year average ROIC (0.99%) for EQX is below the current ROIC(2.10%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.88% | ||
| ROIC | 2.1% |
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
The Profit Margin of EQX (2.45%) is better than 89.18% of its industry peers.
EQX's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 18.29%, EQX belongs to the best of the industry, outperforming 91.45% 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 40.73%. This is amongst the best in the industry. EQX outperforms 92.96% of its industry peers.
EQX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 18.29% | ||
| PM (TTM) | 2.45% | ||
| GM | 40.73% |
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EQX is destroying value.
Compared to 1 year ago, EQX has more shares outstanding
The number of shares outstanding for EQX has been increased compared to 5 years ago.
Compared to 1 year ago, EQX has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.35, we must say that EQX is in the distress zone and has some risk of bankruptcy.
EQX has a Altman-Z score of 1.35. This is comparable to the rest of the industry: EQX outperforms 47.30% of its industry peers.
The Debt to FCF ratio of EQX is 12.17, which is on the high side as it means it would take EQX, 12.17 years of fcf income to pay off all of its debts.
EQX has a Debt to FCF ratio of 12.17. This is amongst the best in the industry. EQX outperforms 89.81% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that EQX is not too dependend on debt financing.
The Debt to Equity ratio of EQX (0.34) is worse than 71.95% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.17 | ||
| Altman-Z | 1.35 |
ROIC/WACC0.23
WACC9.16%
2.3 Liquidity
EQX has a Current Ratio of 0.94. This is a bad value and indicates that EQX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.94, EQX is in line with its industry, outperforming 40.25% of the companies in the same industry.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
The Quick ratio of EQX (0.53) is worse than 67.80% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 480.00% 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 74.31% in the past year. This is a very strong growth!
Measured over the past years, EQX shows a very strong growth in Revenue. The Revenue has been growing by 39.98% on average per year.
EPS 1Y (TTM)480%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%1200%
Revenue 1Y (TTM)74.31%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%77.67%
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.
The Revenue is expected to decrease by -6.79% on average over the next years.
EPS Next Y86.77%
EPS Next 2Y122.36%
EPS Next 3Y83.18%
EPS Next 5Y21.03%
Revenue Next Year56.81%
Revenue Next 2Y52.81%
Revenue Next 3Y30.68%
Revenue Next 5Y-6.79%
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
The Price/Earnings ratio is 34.45, which means the current valuation is very expensive for EQX.
EQX's Price/Earnings ratio is rather cheap when compared to the industry. EQX is cheaper than 88.93% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.07, EQX is valued a bit more expensive.
The Price/Forward Earnings ratio is 9.61, which indicates a very decent valuation of EQX.
Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 93.21% of the companies in the same industry.
EQX is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.59, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.45 | ||
| Fwd PE | 9.61 |
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 91.45% of the companies listed in the same industry.
91.70% of the companies in the same industry are more expensive than EQX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 45.66 | ||
| EV/EBITDA | 13.58 |
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.
EQX has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as EQX's earnings are expected to grow with 83.18% in the coming years.
PEG (NY)0.4
PEG (5Y)N/A
EPS Next 2Y122.36%
EPS Next 3Y83.18%
5. Dividend
5.1 Amount
No dividends for EQX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (9/9/2025, 7:00:00 PM)
13.78
+0.19 (+1.4%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.01%
Inst Owner ChangeN/A
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap10.47B
Analysts80
Price Target15.53 (12.7%)
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)1
Avg EPS beat(2)261.18%
Min EPS beat(2)-155.58%
Max EPS beat(2)677.94%
EPS beat(4)1
Avg EPS beat(4)119.2%
Min EPS beat(4)-155.58%
Max EPS beat(4)677.94%
EPS beat(8)5
Avg EPS beat(8)146.29%
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)0
Avg Revenue beat(2)-5.39%
Min Revenue beat(2)-7.44%
Max Revenue beat(2)-3.34%
Revenue beat(4)1
Avg Revenue beat(4)-3.41%
Min Revenue beat(4)-7.44%
Max Revenue beat(4)0.27%
Revenue beat(8)1
Avg Revenue beat(8)-6.82%
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)-7.53%
PT rev (3m)-28.9%
EPS NQ rev (1m)-17.72%
EPS NQ rev (3m)-51.92%
EPS NY rev (1m)-57.66%
EPS NY rev (3m)-57.66%
Revenue NQ rev (1m)19.13%
Revenue NQ rev (3m)19.13%
Revenue NY rev (1m)3.81%
Revenue NY rev (3m)17.85%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 34.45 | ||
| Fwd PE | 9.61 | ||
| P/S | 3.98 | ||
| P/FCF | 45.66 | ||
| P/OCF | 13.19 | ||
| P/B | 1.43 | ||
| P/tB | 1.43 | ||
| EV/EBITDA | 13.58 |
EPS(TTM)0.4
EY2.9%
EPS(NY)1.43
Fwd EY10.41%
FCF(TTM)0.3
FCFY2.19%
OCF(TTM)1.04
OCFY7.58%
SpS3.46
BVpS9.62
TBVpS9.62
PEG (NY)0.4
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.47% | ||
| ROE | 0.88% | ||
| ROCE | 3.9% | ||
| ROIC | 2.1% | ||
| ROICexc | 2.21% | ||
| ROICexgc | 2.21% | ||
| OM | 18.29% | ||
| PM (TTM) | 2.45% | ||
| GM | 40.73% | ||
| FCFM | 8.71% |
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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.17 | ||
| Debt/EBITDA | 2.67 | ||
| Cap/Depr | 125.73% | ||
| Cap/Sales | 21.44% | ||
| Interest Coverage | 2.69 | ||
| Cash Conversion | 85.31% | ||
| Profit Quality | 356.06% | ||
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.53 | ||
| Altman-Z | 1.35 |
F-Score6
WACC9.16%
ROIC/WACC0.23
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)480%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%1200%
EPS Next Y86.77%
EPS Next 2Y122.36%
EPS Next 3Y83.18%
EPS Next 5Y21.03%
Revenue 1Y (TTM)74.31%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%77.67%
Revenue Next Year56.81%
Revenue Next 2Y52.81%
Revenue Next 3Y30.68%
Revenue Next 5Y-6.79%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year95.85%
EBIT Next 3Y40.32%
EBIT Next 5Y24.96%
FCF growth 1Y162.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.53%
OCF growth 3Y5.08%
OCF growth 5Y44.19%