EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
Canada - TSX:EQX - CA29446Y5020 - Common Stock
15.4 CAD
-0.02 (-0.13%)
Overall EQX gets a fundamental rating of 5 out of 10. We evaluated EQX against 805 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.
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
EQX's Return On Assets of 0.47% is amongst the best of the industry. EQX outperforms 84.97% of its industry peers.
EQX has a Return On Equity of 0.88%. This is amongst the best in the industry. EQX outperforms 85.71% of its industry peers.
Looking at the Return On Invested Capital, with a value of 2.10%, EQX belongs to the top of the industry, outperforming 89.44% of the companies in the same industry.
EQX had an Average Return On Invested Capital over the past 3 years of 0.99%. This is significantly below the industry average of 12.09%.
The 3 year average ROIC (0.99%) for EQX is below the current ROIC(2.10%), indicating increased profibility in the last year.
| 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 89.69% of its industry peers.
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 91.80% of its industry peers.
In the last couple of years the Operating Margin of EQX has declined.
EQX has a Gross Margin of 40.73%. This is amongst the best in the industry. EQX outperforms 93.17% 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
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.
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
EQX has an Altman-Z score of 1.48. This is a bad value and indicates that EQX is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.48, EQX is in line with its industry, outperforming 45.84% 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.
The Debt to FCF ratio of EQX (12.57) is better than 89.69% 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: 71.06% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.57 | ||
| Altman-Z | 1.48 |
ROIC/WACC0.26
WACC8.11%
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 is not doing good in the industry: 61.24% of the companies in the same industry are doing better.
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 67.83% 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.
EQX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.64% yearly.
Looking at the last year, EQX shows a very strong growth in Revenue. The Revenue has grown by 74.31%.
The Revenue has been growing by 39.98% on average over the past years. This is a very strong growth!
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
Based on estimates for the next years, EQX will show a very strong growth in Earnings Per Share. The EPS will grow by 43.38% on average per year.
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 5Y43.38%
Revenue Next Year57%
Revenue Next 2Y53.09%
Revenue Next 3Y33.69%
Revenue Next 5Y-6.79%
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 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
A Price/Earnings ratio of 37.56 indicates a quite expensive valuation of EQX.
Based on the Price/Earnings ratio, EQX is valued cheaply inside the industry as 88.70% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.67. EQX is valued slightly more expensive when compared to this.
The Price/Forward Earnings ratio is 10.49, which indicates a very decent valuation of EQX.
Based on the Price/Forward Earnings ratio, EQX is valued cheaply inside the industry as 93.29% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 23.33. EQX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.56 | ||
| Fwd PE | 10.49 |
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 92.30% of the companies listed 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 91.55% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 51.77 | ||
| EV/EBITDA | 15.18 |
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)0.43
PEG (5Y)N/A
EPS Next 2Y123.19%
EPS Next 3Y83.28%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
TSX:EQX (10/22/2025, 7:00:00 PM)
15.4
-0.02 (-0.13%)
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 Cap12.06B
Revenue(TTM)1.91B
Net Income(TTM)46.63M
Analysts80
Price Target15.63 (1.49%)
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)0.86%
PT rev (3m)-6.74%
EPS NQ rev (1m)1.59%
EPS NQ rev (3m)-12.33%
EPS NY rev (1m)0.06%
EPS NY rev (3m)-57.63%
Revenue NQ rev (1m)4.83%
Revenue NQ rev (3m)24.89%
Revenue NY rev (1m)-0.08%
Revenue NY rev (3m)17.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.56 | ||
| Fwd PE | 10.49 | ||
| P/S | 4.51 | ||
| P/FCF | 51.77 | ||
| P/OCF | 14.96 | ||
| P/B | 1.62 | ||
| P/tB | 1.62 | ||
| EV/EBITDA | 15.18 |
EPS(TTM)0.41
EY2.66%
EPS(NY)1.47
Fwd EY9.53%
FCF(TTM)0.3
FCFY1.93%
OCF(TTM)1.03
OCFY6.69%
SpS3.41
BVpS9.48
TBVpS9.48
PEG (NY)0.43
PEG (5Y)N/A
Graham Number9.35
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 | 1.48 |
F-Score6
WACC8.11%
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)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 5Y43.38%
Revenue 1Y (TTM)74.31%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%77.67%
Revenue Next Year57%
Revenue Next 2Y53.09%
Revenue Next 3Y33.69%
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%