EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis
NYSEARCA:EQX - NYSE Arca - CA29446Y5020 - Common Stock - Currency: USD
Overall EQX gets a fundamental rating of 4 out of 10. We evaluated EQX against 157 industry peers in the Metals & Mining industry. There are concerns on the financial health of EQX while its profitability can be described as average. EQX has a decent growth rate and is not valued too expensively.
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.
Each year in the past 5 years EQX had a positive operating cash flow.
1.2 Ratios
EQX's Return On Assets of 4.60% is fine compared to the rest of the industry. EQX outperforms 74.52% of its industry peers.
With a decent Return On Equity value of 9.23%, EQX is doing good in the industry, outperforming 76.43% of the companies in the same industry.
EQX has a Return On Invested Capital (3.40%) which is comparable to the rest of the industry.
The Average Return On Invested Capital over the past 3 years for EQX is significantly below the industry average of 12.11%.
The last Return On Invested Capital (3.40%) for EQX is above the 3 year average (1.45%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 9.23% | ||
| ROIC | 3.4% |
ROA(3y)0.99%
ROA(5y)3.56%
ROE(3y)2.22%
ROE(5y)5.93%
ROIC(3y)1.45%
ROIC(5y)2.87%
1.3 Margins
EQX has a better Profit Margin (18.07%) than 86.62% of its industry peers.
In the last couple of years the Profit Margin of EQX has declined.
Looking at the Operating Margin, with a value of 15.14%, EQX is in the better half of the industry, outperforming 70.06% of the companies in the same industry.
In the last couple of years the Operating Margin of EQX has declined.
EQX has a Gross Margin of 35.26%. This is in the better half of the industry: EQX outperforms 77.07% 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
EQX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it 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
The debt/assets ratio for EQX is higher compared to a year ago.
2.2 Solvency
EQX has an Altman-Z score of 1.36. This is a bad value and indicates that EQX is not financially healthy and even has some risk of bankruptcy.
The Altman-Z score of EQX (1.36) is worse than 71.34% of its industry peers.
EQX has a debt to FCF ratio of 181.84. This is a negative value and a sign of low solvency as EQX would need 181.84 years to pay back of all of its debts.
EQX has a Debt to FCF ratio (181.84) which is comparable to the rest of the industry.
A Debt/Equity ratio of 0.38 indicates that EQX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.38, EQX is doing worse than 68.15% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.38 | ||
| Debt/FCF | 181.84 | ||
| Altman-Z | 1.36 |
ROIC/WACC0.37
WACC9.11%
2.3 Liquidity
A Current Ratio of 0.85 indicates that EQX may have some problems paying its short term obligations.
With a Current ratio value of 0.85, EQX is not doing good in the industry: 86.62% of the companies in the same industry are doing better.
EQX has a Quick 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.
Looking at the Quick ratio, with a value of 0.50, EQX is doing worse than 89.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.85 | ||
| Quick Ratio | 0.5 |
3. Growth
3.1 Past
EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 756.99%, 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 54.87%.
The Revenue has been growing by 39.98% on average over the past years. This is a very strong growth!
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
The Earnings Per Share is expected to grow by 21.03% on average over the next years. This is a very strong growth
The Revenue is expected to decrease by -6.79% on average over the next years.
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
EQX is valuated quite expensively with a Price/Earnings ratio of 37.88.
Based on the Price/Earnings ratio, EQX is valued a bit cheaper than 62.42% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 26.48. EQX is valued slightly more expensive when compared to this.
EQX is valuated cheaply with a Price/Forward Earnings ratio of 4.81.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 96.18% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.04, EQX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.88 | ||
| Fwd PE | 4.81 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EQX is valued a bit cheaper than 67.52% of the companies in the same industry.
EQX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 638.12 | ||
| EV/EBITDA | 11.49 |
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.
A more expensive valuation may be justified as EQX's earnings are expected to grow with 82.44% in the coming years.
PEG (NY)0.11
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 |
6.44
-0.11 (-1.68%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.01%
Inst Owner Change3.9%
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap4.89B
Analysts80
Price Target12.24 (90.06%)
Short Float %3.69%
Short Ratio1.72
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)0%
PT rev (3m)-22.58%
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)13.53%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.88 | ||
| Fwd PE | 4.81 | ||
| P/S | 2.88 | ||
| P/FCF | 638.12 | ||
| P/OCF | 11.96 | ||
| P/B | 1.47 | ||
| P/tB | 1.47 | ||
| EV/EBITDA | 11.49 |
EPS(TTM)0.17
EY2.64%
EPS(NY)1.34
Fwd EY20.79%
FCF(TTM)0.01
FCFY0.16%
OCF(TTM)0.54
OCFY8.36%
SpS2.24
BVpS4.38
TBVpS4.38
PEG (NY)0.11
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.6% | ||
| ROE | 9.23% | ||
| ROCE | 4.3% | ||
| ROIC | 3.4% | ||
| ROICexc | 3.5% | ||
| ROICexgc | 3.5% | ||
| 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)1.45%
ROIC(5y)2.87%
ROICexc(3y)1.53%
ROICexc(5y)3.25%
ROICexgc(3y)1.53%
ROICexgc(5y)3.25%
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 | 1.36 |
F-Score5
WACC9.11%
ROIC/WACC0.37
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%