EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
Canada - TSX:EQX - CA29446Y5020 - Common Stock
15.2 CAD
-0.39 (-2.5%)
EQX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 822 industry peers in the Metals & Mining industry. EQX has an excellent profitability rating, but there are concerns on its financial health. A decent growth rate in combination with a cheap valuation! Better keep an eye on EQX.
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.
In the past 5 years EQX always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 0.47%, EQX belongs to the top of the industry, outperforming 85.77% of the companies in the same industry.
EQX's Return On Equity of 0.88% is amongst the best of the industry. EQX outperforms 86.62% of its industry peers.
EQX's Return On Invested Capital of 2.10% is amongst the best of the industry. EQX outperforms 89.90% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EQX is significantly below the industry average of 11.59%.
The last Return On Invested Capital (2.10%) for EQX is above the 3 year average (0.99%), which is a sign of increasing profitability.
| 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
Looking at the Profit Margin, with a value of 2.45%, EQX belongs to the top of the industry, outperforming 89.78% of the companies in the same industry.
EQX's Profit Margin has declined in the last couple of years.
EQX's Operating Margin of 18.29% is amongst the best of the industry. EQX outperforms 91.97% of its industry peers.
In the last couple of years the Operating Margin of EQX has declined.
With an excellent Gross Margin value of 40.73%, EQX belongs to the best of the industry, outperforming 93.31% of the companies in the same industry.
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.
EQX has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, EQX has more shares outstanding
Compared to 1 year ago, EQX has a worse debt to assets ratio.
2.2 Solvency
EQX has an Altman-Z score of 1.44. This is a bad value and indicates that EQX is not financially healthy and even has some risk of bankruptcy.
EQX's Altman-Z score of 1.44 is in line compared to the rest of the industry. EQX outperforms 48.78% of its industry peers.
EQX has a debt to FCF ratio of 12.17. This is a negative value and a sign of low solvency as EQX would need 12.17 years to pay back of all of its debts.
EQX's Debt to FCF ratio of 12.17 is amongst the best of the industry. EQX outperforms 90.02% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that EQX is not too dependend on debt financing.
EQX has a worse Debt to Equity ratio (0.34) than 70.19% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.17 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.25
WACC8.5%
2.3 Liquidity
A Current Ratio of 0.94 indicates that EQX may have some problems paying its short term obligations.
With a Current ratio value of 0.94, EQX perfoms like the industry average, outperforming 41.85% of the companies in the same industry.
EQX has a Quick 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.
EQX's Quick ratio of 0.53 is on the low side compared to the rest of the industry. EQX is outperformed by 66.06% 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!
EQX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.98% yearly.
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
EQX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.03% yearly.
The Revenue is expected to decrease by -6.79% on average over the next years.
EPS Next Y86.88%
EPS Next 2Y123.19%
EPS Next 3Y83.28%
EPS Next 5Y21.03%
Revenue Next Year57.13%
Revenue Next 2Y52.97%
Revenue Next 3Y33.88%
Revenue Next 5Y-6.79%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 38.00, EQX can be considered very expensive at the moment.
Based on the Price/Earnings ratio, EQX is valued cheaper than 89.29% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.79. EQX is valued slightly more expensive when compared to this.
A Price/Forward Earnings ratio of 10.43 indicates a reasonable valuation of EQX.
Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 93.80% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of EQX to the average of the S&P500 Index (23.21), we can say EQX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38 | ||
| Fwd PE | 10.43 |
4.2 Price Multiples
92.34% of the companies in the same industry are more expensive than EQX, based on the Enterprise Value to EBITDA ratio.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 92.21% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.92 | ||
| EV/EBITDA | 14.63 |
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.
A more expensive valuation may be justified as EQX's earnings are expected to grow with 83.28% in the coming years.
PEG (NY)0.44
PEG (5Y)N/A
EPS Next 2Y123.19%
EPS Next 3Y83.28%
5. Dividend
5.1 Amount
No dividends for EQX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (10/1/2025, 7:00:00 PM)
15.2
-0.39 (-2.5%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.51%
Inst Owner ChangeN/A
Ins Owners3.86%
Ins Owner ChangeN/A
Market Cap11.55B
Analysts80
Price Target15.5 (1.97%)
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)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)-0.25%
PT rev (3m)-7.54%
EPS NQ rev (1m)-3.08%
EPS NQ rev (3m)-53.4%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-57.63%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)19.13%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)18.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 38 | ||
| Fwd PE | 10.43 | ||
| P/S | 4.35 | ||
| P/FCF | 49.92 | ||
| P/OCF | 14.42 | ||
| P/B | 1.57 | ||
| P/tB | 1.57 | ||
| EV/EBITDA | 14.63 |
EPS(TTM)0.4
EY2.63%
EPS(NY)1.46
Fwd EY9.59%
FCF(TTM)0.3
FCFY2%
OCF(TTM)1.05
OCFY6.93%
SpS3.49
BVpS9.7
TBVpS9.7
PEG (NY)0.44
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 | 1.44 |
F-Score6
WACC8.5%
ROIC/WACC0.25
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 Y86.88%
EPS Next 2Y123.19%
EPS Next 3Y83.28%
EPS Next 5Y21.03%
Revenue 1Y (TTM)74.31%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%77.67%
Revenue Next Year57.13%
Revenue Next 2Y52.97%
Revenue Next 3Y33.88%
Revenue Next 5Y-6.79%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year105.26%
EBIT Next 3Y63.35%
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%