EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:EQX - CA29446Y5020 - Common Stock
19.84 CAD
+0.44 (+2.27%)
Taking everything into account, EQX scores 5 out of 10 in our fundamental rating. EQX was compared to 803 industry peers in the Metals & Mining industry. While EQX has a great profitability rating, there are quite some concerns on its financial health. EQX is evaluated to be cheap and growing strongly. This does not happen too often!
1. Profitability
1.1 Basic Checks
EQX had positive earnings in the past year.
In the past year EQX had a positive cash flow from operations.
Of the past 5 years EQX 4 years were profitable.
EQX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With an excellent Return On Assets value of 0.47%, EQX belongs to the best of the industry, outperforming 84.18% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.88%, EQX belongs to the top of the industry, outperforming 84.93% of the companies in the same industry.
EQX has a Return On Invested Capital of 2.10%. This is amongst the best in the industry. EQX outperforms 89.41% of its industry peers.
The Average Return On Invested Capital over the past 3 years for EQX is significantly below the industry average of 12.71%.
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
EQX's Profit Margin of 2.45% is amongst the best of the industry. EQX outperforms 89.79% of its industry peers.
In the last couple of years the Profit Margin of EQX has declined.
EQX has a Operating Margin of 18.29%. This is amongst the best in the industry. EQX outperforms 91.91% of its industry peers.
EQX's Operating Margin has declined in the last couple of years.
EQX has a better Gross Margin (40.73%) than 92.90% 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
EQX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
EQX has more shares outstanding than it did 1 year ago.
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
EQX has an Altman-Z score of 1.78. 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 (1.78) which is in line with its industry peers.
EQX has a debt to FCF ratio of 12.57. This is a negative value and a sign of low solvency as EQX would need 12.57 years to pay back of all of its debts.
The Debt to FCF ratio of EQX (12.57) is better than 89.17% of its industry peers.
EQX has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
EQX has a worse Debt to Equity ratio (0.34) than 71.86% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.57 | ||
| Altman-Z | 1.78 |
ROIC/WACC0.23
WACC9.27%
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.
EQX has a worse Current ratio (0.94) than 63.39% of its industry peers.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying 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 69.36% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 680.00%, which is quite impressive.
EQX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.64% yearly.
EQX shows a strong growth in Revenue. In the last year, the Revenue has grown by 39.14%.
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)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
3.2 Future
EQX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.27% yearly.
The Revenue is expected to grow by 14.92% on average over the next years. This is quite good.
EPS Next Y133.6%
EPS Next 2Y154.27%
EPS Next 3Y105.17%
EPS Next 5Y48.27%
Revenue Next Year69.19%
Revenue Next 2Y64.58%
Revenue Next 3Y40.57%
Revenue Next 5Y14.92%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 36.74, which means the current valuation is very expensive for EQX.
Compared to the rest of the industry, the Price/Earnings ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 88.17% of the companies listed in the same industry.
EQX is valuated rather expensively when we compare the Price/Earnings ratio to 26.59, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.55, which indicates a very decent valuation of EQX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 93.28% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.80, EQX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.74 | ||
| Fwd PE | 10.55 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EQX is valued cheaper than 91.41% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 91.53% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 67.72 | ||
| EV/EBITDA | 18.74 |
4.3 Compensation for Growth
The 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 105.17% in the coming years.
PEG (NY)0.27
PEG (5Y)N/A
EPS Next 2Y154.27%
EPS Next 3Y105.17%
5. Dividend
5.1 Amount
No dividends for EQX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (12/10/2025, 7:00:00 PM)
19.84
+0.44 (+2.27%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.03%
Inst Owner ChangeN/A
Ins Owners3.83%
Ins Owner ChangeN/A
Market Cap15.57B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target32.78 (65.22%)
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)21.38%
PT rev (3m)111%
EPS NQ rev (1m)1.47%
EPS NQ rev (3m)6.15%
EPS NY rev (1m)31.87%
EPS NY rev (3m)25.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.83%
Revenue NY rev (1m)5.49%
Revenue NY rev (3m)7.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.74 | ||
| Fwd PE | 10.55 | ||
| P/S | 5.9 | ||
| P/FCF | 67.72 | ||
| P/OCF | 19.56 | ||
| P/B | 2.12 | ||
| P/tB | 2.12 | ||
| EV/EBITDA | 18.74 |
EPS(TTM)0.54
EY2.72%
EPS(NY)1.88
Fwd EY9.48%
FCF(TTM)0.29
FCFY1.48%
OCF(TTM)1.01
OCFY5.11%
SpS3.36
BVpS9.34
TBVpS9.34
PEG (NY)0.27
PEG (5Y)N/A
Graham Number10.65
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%
ROICexgc growth 3Y-8.65%
ROICexgc 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 | 12.57 | ||
| 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 | 1.78 |
F-Score6
WACC9.27%
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)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
EPS Next Y133.6%
EPS Next 2Y154.27%
EPS Next 3Y105.17%
EPS Next 5Y48.27%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year69.19%
Revenue Next 2Y64.58%
Revenue Next 3Y40.57%
Revenue Next 5Y14.92%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year131.18%
EBIT Next 3Y76.67%
EBIT Next 5Y32.54%
FCF growth 1Y162.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.53%
OCF growth 3Y5.08%
OCF growth 5Y44.19%
EQUINOX GOLD CORP / EQX.CA FAQ
What is the ChartMill fundamental rating of EQUINOX GOLD CORP (EQX.CA) stock?
ChartMill assigns a fundamental rating of 5 / 10 to EQX.CA.
What is the valuation status of EQUINOX GOLD CORP (EQX.CA) stock?
ChartMill assigns a valuation rating of 8 / 10 to EQUINOX GOLD CORP (EQX.CA). This can be considered as Undervalued.
What is the profitability of EQX stock?
EQUINOX GOLD CORP (EQX.CA) has a profitability rating of 7 / 10.
Can you provide the expected EPS growth for EQX stock?
The Earnings per Share (EPS) of EQUINOX GOLD CORP (EQX.CA) is expected to grow by 133.6% in the next year.