EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
TSX:EQX - Toronto Stock Exchange - CA29446Y5020 - Common Stock - Currency: CAD
We assign a fundamental rating of 5 out of 10 to EQX. EQX was compared to 794 industry peers in the Metals & Mining industry. EQX scores excellent on profitability, 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
In the past year EQX was profitable.
EQX had a positive operating cash flow in the past year.
Of the past 5 years EQX 4 years were profitable.
Each year in the past 5 years EQX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.60%, EQX belongs to the top of the industry, outperforming 88.79% of the companies in the same industry.
EQX has a better Return On Equity (9.23%) than 91.06% of its industry peers.
The Return On Invested Capital of EQX (2.31%) is better than 89.42% 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 11.36%.
The last Return On Invested Capital (2.31%) for EQX is above the 3 year average (0.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 9.23% | ||
| ROIC | 2.31% |
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 18.07%, EQX belongs to the top of the industry, outperforming 94.58% of the companies in the same industry.
In the last couple of years the Profit Margin of EQX has declined.
EQX's Operating Margin of 15.14% is amongst the best of the industry. EQX outperforms 90.81% of its industry peers.
EQX's Operating Margin has declined in the last couple of years.
The Gross Margin of EQX (35.26%) is better than 92.44% of its industry peers.
EQX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.14% | ||
| PM (TTM) | 18.07% | ||
| GM | 35.26% |
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
EQX has a worse debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.55, we must say that EQX is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.55, EQX perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
The Debt to FCF ratio of EQX is 181.84, which is on the high side as it means it would take EQX, 181.84 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of EQX (181.84) is better than 88.92% of its industry peers.
EQX has a Debt/Equity ratio of 0.38. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.38, EQX is doing worse than 72.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 181.84 | ||
| Altman-Z | 1.55 |
ROIC/WACC0.26
WACC8.81%
2.3 Liquidity
EQX has a Current Ratio of 0.85. 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 (0.85) than 61.34% of its industry peers.
A Quick Ratio of 0.50 indicates that EQX may have some problems paying its short term obligations.
With a Quick ratio value of 0.50, EQX is not doing good in the industry: 67.13% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 756.99% 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.
Looking at the last year, EQX shows a very strong growth in Revenue. The Revenue has grown by 54.87%.
EQX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.98% yearly.
EPS 1Y (TTM)756.99%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%-100%
Revenue 1Y (TTM)54.87%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%75.58%
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.
EQX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -6.79% yearly.
EPS Next Y341.1%
EPS Next 2Y152.51%
EPS Next 3Y82.44%
EPS Next 5Y21.03%
Revenue Next Year51.06%
Revenue Next 2Y47.58%
Revenue Next 3Y28.43%
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.
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
Based on the Price/Earnings ratio of 47.91, the valuation of EQX can be described as expensive.
Based on the Price/Earnings ratio, EQX is valued cheaper than 87.03% of the companies in the same industry.
When comparing the Price/Earnings ratio of EQX to the average of the S&P500 Index (26.87), we can say EQX is valued expensively.
The Price/Forward Earnings ratio is 5.97, which indicates a rather cheap valuation of EQX.
Based on the Price/Forward Earnings ratio, EQX is valued cheaply inside the industry as 95.34% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of EQX to the average of the S&P500 Index (35.34), we can say EQX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.91 | ||
| Fwd PE | 5.97 |
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 91.56% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, EQX is valued cheaper than 89.04% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 792.21 | ||
| EV/EBITDA | 13.49 |
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 82.44% in the coming years.
PEG (NY)0.14
PEG (5Y)N/A
EPS Next 2Y152.51%
EPS Next 3Y82.44%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (8/15/2025, 7:00:00 PM)
11.02
+0.22 (+2.04%)
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 Cap8.36B
Analysts80
Price Target16.22 (47.19%)
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)0
Avg EPS beat(2)-88.43%
Min EPS beat(2)-155.58%
Max EPS beat(2)-21.28%
EPS beat(4)1
Avg EPS beat(4)-41.79%
Min EPS beat(4)-155.58%
Max EPS beat(4)33.99%
EPS beat(8)N/A
Avg EPS beat(8)N/A
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)1
Avg Revenue beat(2)-1.53%
Min Revenue beat(2)-3.34%
Max Revenue beat(2)0.27%
Revenue beat(4)1
Avg Revenue beat(4)-4.78%
Min Revenue beat(4)-12.93%
Max Revenue beat(4)0.27%
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
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)-3.2%
PT rev (3m)-17.84%
EPS NQ rev (1m)2.63%
EPS NQ rev (3m)-57.38%
EPS NY rev (1m)0%
EPS NY rev (3m)0%
Revenue NQ rev (1m)19.35%
Revenue NQ rev (3m)-10.38%
Revenue NY rev (1m)13.53%
Revenue NY rev (3m)13%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 47.91 | ||
| Fwd PE | 5.97 | ||
| P/S | 3.58 | ||
| P/FCF | 792.21 | ||
| P/OCF | 14.85 | ||
| P/B | 1.83 | ||
| P/tB | 1.83 | ||
| EV/EBITDA | 13.49 |
EPS(TTM)0.23
EY2.09%
EPS(NY)1.85
Fwd EY16.75%
FCF(TTM)0.01
FCFY0.13%
OCF(TTM)0.74
OCFY6.74%
SpS3.08
BVpS6.03
TBVpS6.03
PEG (NY)0.14
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 9.23% | ||
| ROCE | 4.3% | ||
| ROIC | 2.31% | ||
| ROICexc | 2.39% | ||
| ROICexgc | 2.39% | ||
| OM | 15.14% | ||
| PM (TTM) | 18.07% | ||
| GM | 35.26% | ||
| FCFM | 0.45% |
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-Score5
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 181.84 | ||
| Debt/EBITDA | 2.37 | ||
| Cap/Depr | 146.52% | ||
| Cap/Sales | 23.64% | ||
| Interest Coverage | 2.05 | ||
| Cash Conversion | 77.03% | ||
| Profit Quality | 2.5% | ||
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.5 | ||
| Altman-Z | 1.55 |
F-Score5
WACC8.81%
ROIC/WACC0.26
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)756.99%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%-100%
EPS Next Y341.1%
EPS Next 2Y152.51%
EPS Next 3Y82.44%
EPS Next 5Y21.03%
Revenue 1Y (TTM)54.87%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%75.58%
Revenue Next Year51.06%
Revenue Next 2Y47.58%
Revenue Next 3Y28.43%
Revenue Next 5Y-6.79%
EBIT growth 1Y501.13%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year95.85%
EBIT Next 3Y40.32%
EBIT Next 5Y38.2%
FCF growth 1Y102.22%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y89.05%
OCF growth 3Y5.08%
OCF growth 5Y44.19%