EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:EQX - CA29446Y5020 - Common Stock
18.84 CAD
-0.45 (-2.33%)
EQX gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 812 industry peers in the Metals & Mining industry. While EQX belongs to the best of the industry regarding profitability, there are 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
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.
Each year in the past 5 years EQX had a positive operating cash flow.
1.2 Ratios
The Return On Assets of EQX (0.47%) is better than 85.10% of its industry peers.
EQX has a better Return On Equity (0.88%) than 85.47% of its industry peers.
EQX's Return On Invested Capital of 2.10% is amongst the best of the industry. EQX outperforms 89.41% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for EQX is significantly below the industry average of 12.91%.
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 has a better Profit Margin (2.45%) than 89.78% 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 18.29%, EQX belongs to the top of the industry, outperforming 91.63% of the companies in the same industry.
EQX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 40.73%, EQX belongs to the top of the industry, outperforming 93.10% of the companies in the same industry.
In the last couple of years the Gross Margin of EQX has declined.
| 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.
Compared to 1 year ago, EQX has more shares outstanding
EQX has more shares outstanding than it did 5 years ago.
The debt/assets ratio for EQX is higher compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.76, we must say that EQX is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.76, EQX perfoms like the industry average, outperforming 46.06% of the companies in the same industry.
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 89.90% 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.
With a Debt to Equity ratio value of 0.34, EQX is not doing good in the industry: 69.83% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.57 | ||
| Altman-Z | 1.76 |
ROIC/WACC0.23
WACC9.15%
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 Current ratio of 0.94. This is in the lower half of the industry: EQX underperforms 61.33% of its industry peers.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
EQX has a Quick ratio of 0.53. This is in the lower half of the industry: EQX underperforms 67.36% 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 680.00% over the past year.
The earnings per share for EQX have been decreasing by -18.64% on average. This is quite bad
The Revenue has grown by 39.14% 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)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
Based on estimates for the next years, EQX will show a very strong growth in Earnings Per Share. The EPS will grow by 48.27% on average per year.
EQX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.92% yearly.
EPS Next Y139.67%
EPS Next 2Y121.67%
EPS Next 3Y88.53%
EPS Next 5Y48.27%
Revenue Next Year69.38%
Revenue Next 2Y47.88%
Revenue Next 3Y35.49%
Revenue Next 5Y14.92%
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 estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 35.55, the valuation of EQX can be described as expensive.
Based on the Price/Earnings ratio, EQX is valued cheaper than 88.67% of the companies in the same industry.
EQX is valuated rather expensively when we compare the Price/Earnings ratio to 26.60, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 13.33, EQX is valued correctly.
Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 91.63% of the companies in the same industry.
EQX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.23, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.55 | ||
| Fwd PE | 13.33 |
4.2 Price Multiples
91.13% 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 92.49% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 65.03 | ||
| EV/EBITDA | 18.45 |
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 88.53% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.25
PEG (5Y)N/A
EPS Next 2Y121.67%
EPS Next 3Y88.53%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:EQX (1/2/2026, 7:00:00 PM)
18.84
-0.45 (-2.33%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners60.9%
Inst Owner ChangeN/A
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap14.78B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target32.56 (72.82%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)-0.86%
PT rev (3m)108.34%
EPS NQ rev (1m)0%
EPS NQ rev (3m)16.95%
EPS NY rev (1m)2.6%
EPS NY rev (3m)28.25%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.83%
Revenue NY rev (1m)0.11%
Revenue NY rev (3m)7.88%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 35.55 | ||
| Fwd PE | 13.33 | ||
| P/S | 5.67 | ||
| P/FCF | 65.03 | ||
| P/OCF | 18.79 | ||
| P/B | 2.04 | ||
| P/tB | 2.04 | ||
| EV/EBITDA | 18.45 |
EPS(TTM)0.53
EY2.81%
EPS(NY)1.41
Fwd EY7.5%
FCF(TTM)0.29
FCFY1.54%
OCF(TTM)1
OCFY5.32%
SpS3.33
BVpS9.23
TBVpS9.23
PEG (NY)0.25
PEG (5Y)N/A
Graham Number10.49
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 | 1.76 |
F-Score6
WACC9.15%
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 Y139.67%
EPS Next 2Y121.67%
EPS Next 3Y88.53%
EPS Next 5Y48.27%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year69.38%
Revenue Next 2Y47.88%
Revenue Next 3Y35.49%
Revenue Next 5Y14.92%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year135.79%
EBIT Next 3Y64.35%
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 for EQX stock?
ChartMill assigns a valuation rating of 7 / 10 to EQUINOX GOLD CORP (EQX.CA). This can be considered as Undervalued.
Can you provide the profitability details for EQUINOX GOLD CORP?
EQUINOX GOLD CORP (EQX.CA) has a profitability rating of 7 / 10.
What are the PE and PB ratios of EQUINOX GOLD CORP (EQX.CA) stock?
The Price/Earnings (PE) ratio for EQUINOX GOLD CORP (EQX.CA) is 35.55 and the Price/Book (PB) ratio is 2.04.
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 139.67% in the next year.