EQUINOX GOLD CORP (EQX.CA) Stock Fundamental Analysis
Canada - Toronto Stock Exchange - TSX:EQX - CA29446Y5020 - Common Stock
20.48 CAD
+0.91 (+4.65%)
EQX gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 814 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. EQX is growing strongly while it also seems undervalued. This is an interesting combination
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.
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 0.47%, EQX belongs to the top of the industry, outperforming 84.77% of the companies in the same industry.
Looking at the Return On Equity, with a value of 0.88%, EQX belongs to the top of the industry, outperforming 85.38% of the companies in the same industry.
The Return On Invested Capital of EQX (2.10%) is better than 89.19% 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 12.95%.
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
The Profit Margin of EQX (2.45%) is better than 89.80% of its industry peers.
EQX's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 18.29%, EQX belongs to the best of the industry, outperforming 91.40% of the companies in the same industry.
EQX's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 40.73%, EQX belongs to the best of the industry, outperforming 92.87% 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 | 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.
EQX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, EQX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 1.87 indicates that EQX is not a great score, but indicates only limited risk for bankruptcy at the moment.
EQX has a Altman-Z score (1.87) which is in line with its industry peers.
EQX has a debt to FCF ratio of 12.57. This is a negative value and a sign of low solvency as EQX would need 12.57 years to pay back of all of its debts.
The Debt to FCF ratio of EQX (12.57) is better than 89.80% 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.
Looking at the Debt to Equity ratio, with a value of 0.34, EQX is doing worse than 71.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.57 | ||
| Altman-Z | 1.87 |
ROIC/WACC0.23
WACC9.17%
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.
The Current ratio of EQX (0.94) is worse than 63.39% of its industry peers.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
EQX's Quick ratio of 0.53 is on the low side compared to the rest of the industry. EQX is outperformed by 69.41% of its industry peers.
| 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.
The Revenue has grown by 39.14% in the past year. This is a very strong growth!
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
EQX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 48.27% yearly.
EQX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 14.92% yearly.
EPS Next Y133.6%
EPS Next 2Y154.27%
EPS Next 3Y105.17%
EPS Next 5Y48.27%
Revenue Next Year69.19%
Revenue Next 2Y64.58%
Revenue Next 3Y40.57%
Revenue Next 5Y14.92%
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 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
EQX is valuated quite expensively with a Price/Earnings ratio of 37.93.
Based on the Price/Earnings ratio, EQX is valued cheaply inside the industry as 88.45% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of EQX to the average of the S&P500 Index (26.61), we can say EQX is valued slightly more expensively.
The Price/Forward Earnings ratio is 10.96, which indicates a very decent valuation of EQX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of EQX indicates a rather cheap valuation: EQX is cheaper than 93.37% of the companies listed in the same industry.
EQX is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.01, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.93 | ||
| Fwd PE | 10.96 |
4.2 Price Multiples
EQX's Enterprise Value to EBITDA ratio is rather cheap when compared to the industry. EQX is cheaper than 91.03% of the companies in the same industry.
92.14% of the companies in the same industry are more expensive than EQX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 70.31 | ||
| EV/EBITDA | 19.75 |
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 105.17% in the coming years.
PEG (NY)0.28
PEG (5Y)N/A
EPS Next 2Y154.27%
EPS Next 3Y105.17%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
TSX:EQX (12/22/2025, 7:00:00 PM)
20.48
+0.91 (+4.65%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.03%
Inst Owner ChangeN/A
Ins Owners3.83%
Ins Owner ChangeN/A
Market Cap16.07B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target32.78 (60.06%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
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)20.76%
PT rev (3m)111.53%
EPS NQ rev (1m)0%
EPS NQ rev (3m)9.52%
EPS NY rev (1m)31.87%
EPS NY rev (3m)25.08%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)4.83%
Revenue NY rev (1m)5.49%
Revenue NY rev (3m)7.68%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.93 | ||
| Fwd PE | 10.96 | ||
| P/S | 6.13 | ||
| P/FCF | 70.31 | ||
| P/OCF | 20.32 | ||
| P/B | 2.21 | ||
| P/tB | 2.21 | ||
| EV/EBITDA | 19.75 |
EPS(TTM)0.54
EY2.64%
EPS(NY)1.87
Fwd EY9.13%
FCF(TTM)0.29
FCFY1.42%
OCF(TTM)1.01
OCFY4.92%
SpS3.34
BVpS9.28
TBVpS9.28
PEG (NY)0.28
PEG (5Y)N/A
Graham Number10.62
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 | 1.87 |
F-Score6
WACC9.17%
ROIC/WACC0.23
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 Y133.6%
EPS Next 2Y154.27%
EPS Next 3Y105.17%
EPS Next 5Y48.27%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year69.19%
Revenue Next 2Y64.58%
Revenue Next 3Y40.57%
Revenue Next 5Y14.92%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year131.18%
EBIT Next 3Y76.67%
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 133.6% in the next year.