EQUINOX GOLD CORP (EQX)
CA29446Y5020 - Common Stock
Taking everything into account, EQX scores 4 out of 10 in our fundamental rating. EQX was compared to 154 industry peers in the Metals & Mining industry. While EQX is still in line with the averages on profitability rating, there are concerns on its financial health. EQX shows excellent growth, but is valued quite expensive already.
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.
The reported net income has been mixed in the past 5 years: EQX reported negative net income in multiple years.
EQX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EQX has a Return On Assets (0.66%) which is in line with its industry peers.
With a Return On Equity value of 1.18%, EQX perfoms like the industry average, outperforming 58.44% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 1.01%, EQX is in line with its industry, outperforming 49.35% of the companies in the same industry.
EQX had an Average Return On Invested Capital over the past 3 years of 1.62%. This is significantly below the industry average of 8.85%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 1.18% | ||
| ROIC | 1.01% |
ROA(3y)3.97%
ROA(5y)2.11%
ROE(3y)6.05%
ROE(5y)3.02%
ROIC(3y)1.62%
ROIC(5y)3.47%
1.3 Margins
EQX has a Profit Margin of 2.65%. This is in the better half of the industry: EQX outperforms 64.94% of its industry peers.
EQX's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 4.56%, EQX is in line with its industry, outperforming 53.25% of the companies in the same industry.
In the last couple of years the Operating Margin of EQX has declined.
Looking at the Gross Margin, with a value of 29.77%, EQX is in the better half of the industry, outperforming 74.03% 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 | 4.56% | ||
| PM (TTM) | 2.65% | ||
| GM | 29.77% |
OM growth 3Y-41.94%
OM growth 5YN/A
PM growth 3Y0.23%
PM growth 5YN/A
GM growth 3Y-15.83%
GM growth 5Y-4.21%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EQX is destroying value.
The number of shares outstanding for EQX has been increased compared to 1 year ago.
The number of shares outstanding for EQX has been increased compared to 5 years ago.
EQX has a better debt/assets ratio than last year.
2.2 Solvency
Based on the Altman-Z score of 1.09, we must say that EQX is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 1.09, EQX is not doing good in the industry: 66.88% of the companies in the same industry are doing better.
EQX has a Debt/Equity ratio of 0.33. This is a healthy value indicating a solid balance between debt and equity.
With a Debt to Equity ratio value of 0.33, EQX is not doing good in the industry: 64.29% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.09 |
ROIC/WACC0.13
WACC7.63%
2.3 Liquidity
A Current Ratio of 1.74 indicates that EQX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.74, EQX is doing worse than 66.23% of the companies in the same industry.
EQX has a Quick Ratio of 1.74. This is a bad value and indicates that EQX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Quick ratio value of 0.88, EQX is not doing good in the industry: 83.12% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.74 | ||
| Quick Ratio | 0.88 |
3. Growth
3.1 Past
EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 124.66%, which is quite impressive.
Measured over the past years, EQX shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.64% on average per year.
Looking at the last year, EQX shows a quite strong growth in Revenue. The Revenue has grown by 14.28% in the last year.
EQX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 104.86% yearly.
EPS 1Y (TTM)124.66%
EPS 3Y-3.64%
EPS 5YN/A
EPS growth Q2Q-50%
Revenue 1Y (TTM)14.28%
Revenue growth 3Y8.78%
Revenue growth 5Y104.86%
Revenue growth Q2Q14.85%
3.2 Future
The Earnings Per Share is expected to grow by 740.42% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 15.49% on average over the next years. This is quite good.
EPS Next Y11722.4%
EPS Next 2Y1997.62%
EPS Next 3Y740.42%
EPS Next 5YN/A
Revenue Next Year31.5%
Revenue Next 2Y27.81%
Revenue Next 3Y16.52%
Revenue Next 5Y15.49%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 59.28 indicates a quite expensive valuation of EQX.
The rest of the industry has a similar Price/Earnings ratio as EQX.
EQX is valuated expensively when we compare the Price/Earnings ratio to 24.55, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 35.74, which means the current valuation is very expensive for EQX.
EQX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 20.92. EQX is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.28 | ||
| Fwd PE | 35.74 |
4.2 Price Multiples
66.88% of the companies in the same industry are more expensive than EQX, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.96 |
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.
A more expensive valuation may be justified as EQX's earnings are expected to grow with 740.42% in the coming years.
PEG (NY)0.01
PEG (5Y)N/A
EPS Next 2Y1997.62%
EPS Next 3Y740.42%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
EQUINOX GOLD CORP
NYSEARCA:EQX (5/2/2024, 9:04:08 AM)
5.335
-0.08 (-1.57%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap1.76B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 59.28 | ||
| Fwd PE | 35.74 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)0.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.66% | ||
| ROE | 1.18% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 4.56% | ||
| PM (TTM) | 2.65% | ||
| GM | 29.77% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.33 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.74 | ||
| Quick Ratio | 0.88 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)124.66%
EPS 3Y-3.64%
EPS 5Y
EPS growth Q2Q
EPS Next Y11722.4%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)14.28%
Revenue growth 3Y8.78%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y