EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
Canada - TSX:EQX - CA29446Y5020 - Common Stock
18.02 CAD
+0.43 (+2.44%)
We assign a fundamental rating of 5 out of 10 to EQX. EQX was compared to 799 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. An interesting combination arises when we look at growth and value: EQX is growing strongly while it also seems undervalued.
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.
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
EQX's Return On Assets of 0.47% is amongst the best of the industry. EQX outperforms 84.73% of its industry peers.
EQX has a Return On Equity of 0.88%. This is amongst the best in the industry. EQX outperforms 85.48% of its industry peers.
With an excellent Return On Invested Capital value of 2.10%, EQX belongs to the best of the industry, outperforming 89.24% 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 12.43%.
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 89.36% of its industry peers.
In the last couple of years the Profit Margin of EQX has declined.
EQX's Operating Margin of 18.29% is amongst the best of the industry. EQX outperforms 92.12% of its industry peers.
EQX's Operating Margin has declined in the last couple of years.
EQX has a Gross Margin of 40.73%. This is amongst the best in the industry. EQX outperforms 93.24% of its industry peers.
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
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EQX 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
Compared to 1 year ago, EQX has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.67, we must say that EQX is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.67, EQX is in line with its industry, outperforming 46.06% of the companies in the same industry.
The Debt to FCF ratio of EQX is 12.57, which is on the high side as it means it would take EQX, 12.57 years of fcf income to pay off all of its debts.
EQX's Debt to FCF ratio of 12.57 is amongst the best of the industry. EQX outperforms 89.24% 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 71.84% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.57 | ||
| Altman-Z | 1.67 |
ROIC/WACC0.25
WACC8.55%
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's Current ratio of 0.94 is on the low side compared to the rest of the industry. EQX is outperformed by 63.33% of its industry peers.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.53, EQX is doing worse than 69.21% of the companies in the same industry.
| 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%.
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 45.01% on average per year.
Based on estimates for the next years, EQX will show a quite strong growth in Revenue. The Revenue will grow by 14.93% on average per year.
EPS Next Y77.15%
EPS Next 2Y121.64%
EPS Next 3Y86.23%
EPS Next 5Y45.01%
Revenue Next Year60.38%
Revenue Next 2Y55.38%
Revenue Next 3Y34.1%
Revenue Next 5Y14.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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
The Price/Earnings ratio is 32.76, 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 89.24% of the companies listed in the same industry.
EQX is valuated rather expensively when we compare the Price/Earnings ratio to 25.47, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 12.47, EQX is valued correctly.
Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 91.74% of the companies in the same industry.
EQX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 35.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.76 | ||
| Fwd PE | 12.47 |
4.2 Price Multiples
91.24% of the companies in the same industry are more expensive than EQX, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, EQX is valued cheaply inside the industry as 90.99% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 60.64 | ||
| EV/EBITDA | 17.37 |
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.
EQX has a very decent profitability rating, which may justify a higher PE ratio.
EQX's earnings are expected to grow with 86.23% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.42
PEG (5Y)N/A
EPS Next 2Y121.64%
EPS Next 3Y86.23%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (11/19/2025, 7:00:00 PM)
18.02
+0.43 (+2.44%)
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 Cap14.11B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target27.14 (50.61%)
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)73.66%
PT rev (3m)67.31%
EPS NQ rev (1m)6.25%
EPS NQ rev (3m)-13.92%
EPS NY rev (1m)-5.21%
EPS NY rev (3m)-59.84%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)24.89%
Revenue NY rev (1m)2.15%
Revenue NY rev (3m)6.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 32.76 | ||
| Fwd PE | 12.47 | ||
| P/S | 5.28 | ||
| P/FCF | 60.64 | ||
| P/OCF | 17.52 | ||
| P/B | 1.9 | ||
| P/tB | 1.9 | ||
| EV/EBITDA | 17.37 |
EPS(TTM)0.55
EY3.05%
EPS(NY)1.45
Fwd EY8.02%
FCF(TTM)0.3
FCFY1.65%
OCF(TTM)1.03
OCFY5.71%
SpS3.41
BVpS9.47
TBVpS9.47
PEG (NY)0.42
PEG (5Y)N/A
Graham Number10.83
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 | 1.67 |
F-Score6
WACC8.55%
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)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
EPS Next Y77.15%
EPS Next 2Y121.64%
EPS Next 3Y86.23%
EPS Next 5Y45.01%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year60.38%
Revenue Next 2Y55.38%
Revenue Next 3Y34.1%
Revenue Next 5Y14.93%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year105.26%
EBIT Next 3Y63.35%
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 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 77.15% in the next year.