EQUINOX GOLD CORP (EQX) Fundamental Analysis & Valuation

NYSEARCA:EQX • CA29446Y5020

Current stock price

12.94 USD
+0.36 (+2.86%)
At close:
13.28 USD
+0.34 (+2.63%)
Pre-Market:

This EQX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. EQX Profitability Analysis

1.1 Basic Checks

  • EQX had positive earnings in the past year.
  • EQX had a positive operating cash flow in the past year.
  • EQX had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years EQX had a positive operating cash flow.
EQX Yearly Net Income VS EBIT VS OCF VS FCFEQX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M 600M 800M

1.2 Ratios

  • EQX's Return On Assets of 2.10% is fine compared to the rest of the industry. EQX outperforms 63.92% of its industry peers.
  • Looking at the Return On Equity, with a value of 3.82%, EQX is in the better half of the industry, outperforming 63.29% of the companies in the same industry.
  • The Return On Invested Capital of EQX (3.83%) is comparable to the rest of the industry.
  • EQX had an Average Return On Invested Capital over the past 3 years of 2.28%. This is significantly below the industry average of 61.56%.
  • The last Return On Invested Capital (3.83%) for EQX is above the 3 year average (2.28%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.1%
ROE 3.82%
ROIC 3.83%
ROA(3y)2.61%
ROA(5y)3.81%
ROE(3y)5%
ROE(5y)6.39%
ROIC(3y)2.28%
ROIC(5y)2.14%
EQX Yearly ROA, ROE, ROICEQX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20

1.3 Margins

  • EQX has a Profit Margin of 12.19%. This is in the better half of the industry: EQX outperforms 75.32% of its industry peers.
  • In the last couple of years the Profit Margin of EQX has grown nicely.
  • The Operating Margin of EQX (24.77%) is better than 72.78% of its industry peers.
  • In the last couple of years the Operating Margin of EQX has remained more or less at the same level.
  • With an excellent Gross Margin value of 54.07%, EQX belongs to the best of the industry, outperforming 88.61% of the companies in the same industry.
  • EQX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 24.77%
PM (TTM) 12.19%
GM 54.07%
OM growth 3Y183.11%
OM growth 5Y1.23%
PM growth 3YN/A
PM growth 5Y35.83%
GM growth 3Y23.68%
GM growth 5Y1.61%
EQX Yearly Profit, Operating, Gross MarginsEQX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 -100 -200 -300

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3

2. EQX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EQX is destroying value.
  • Compared to 1 year ago, EQX has more shares outstanding
  • EQX has more shares outstanding than it did 5 years ago.
  • EQX has a better debt/assets ratio than last year.
EQX Yearly Shares OutstandingEQX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M
EQX Yearly Total Debt VS Total AssetsEQX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • EQX has an Altman-Z score of 1.81. This is a bad value and indicates that EQX is not financially healthy and even has some risk of bankruptcy.
  • EQX's Altman-Z score of 1.81 is on the low side compared to the rest of the industry. EQX is outperformed by 70.89% of its industry peers.
  • The Debt to FCF ratio of EQX is 14.57, which is on the high side as it means it would take EQX, 14.57 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 14.57, EQX is doing good in the industry, outperforming 60.76% of the companies in the same industry.
  • EQX has a Debt/Equity ratio of 0.27. This is a healthy value indicating a solid balance between debt and equity.
  • EQX has a Debt to Equity ratio (0.27) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 14.57
Altman-Z 1.81
ROIC/WACC0.31
WACC12.25%
EQX Yearly LT Debt VS Equity VS FCFEQX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 2B 4B

2.3 Liquidity

  • A Current Ratio of 1.56 indicates that EQX should not have too much problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 1.56, EQX is doing worse than 68.99% of the companies in the same industry.
  • A Quick Ratio of 1.27 indicates that EQX should not have too much problems paying its short term obligations.
  • EQX's Quick ratio of 1.27 is on the low side compared to the rest of the industry. EQX is outperformed by 60.13% of its industry peers.
Industry RankSector Rank
Current Ratio 1.56
Quick Ratio 1.27
EQX Yearly Current Assets VS Current LiabilitesEQX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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8

3. EQX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 166.67% over the past year.
  • EQX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.13% yearly.
  • Looking at the last year, EQX shows a very strong growth in Revenue. The Revenue has grown by 20.02%.
  • EQX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.54% yearly.
EPS 1Y (TTM)166.67%
EPS 3YN/A
EPS 5Y24.13%
EPS Q2Q%100%
Revenue 1Y (TTM)20.02%
Revenue growth 3Y24.04%
Revenue growth 5Y16.54%
Sales Q2Q%71.79%

3.2 Future

  • EQX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.20% yearly.
  • EQX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.88% yearly.
EPS Next Y188.57%
EPS Next 2Y85.12%
EPS Next 3Y25.27%
EPS Next 5Y21.2%
Revenue Next Year34.25%
Revenue Next 2Y25.41%
Revenue Next 3Y15.07%
Revenue Next 5Y10.89%

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 stable.
  • 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.
EQX Yearly Revenue VS EstimatesEQX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2016 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B 4B
EQX Yearly EPS VS EstimatesEQX Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 1 1.5

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7

4. EQX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 23.11, the valuation of EQX can be described as rather expensive.
  • 72.15% of the companies in the same industry are more expensive than EQX, based on the Price/Earnings ratio.
  • EQX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 24.75.
  • A Price/Forward Earnings ratio of 8.01 indicates a reasonable valuation of EQX.
  • Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 83.54% of the companies in the same industry.
  • When comparing the Price/Forward Earnings ratio of EQX to the average of the S&P500 Index (22.10), we can say EQX is valued rather cheaply.
Industry RankSector Rank
PE 23.11
Fwd PE 8.01
EQX Price Earnings VS Forward Price EarningsEQX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • EQX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. EQX is cheaper than 71.52% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than the industry average as 66.46% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 80.96
EV/EBITDA 11.68
EQX Per share dataEQX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6

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 25.27% in the coming years.
PEG (NY)0.12
PEG (5Y)0.96
EPS Next 2Y85.12%
EPS Next 3Y25.27%

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1

5. EQX Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.50%, EQX is not a good candidate for dividend investing.
  • EQX's Dividend Yield is a higher than the industry average which is at 1.21.
  • Compared to an average S&P500 Dividend Yield of 1.89, EQX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.5%

5.2 History

  • EQX is new to the dividend game and has less than 3 years of track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
EQX Yearly Dividends per shareEQX Yearly Dividends per shareYearly Dividends per share 2026 0.01 0.01 0.02

5.3 Sustainability

DPN/A
EPS Next 2Y85.12%
EPS Next 3Y25.27%
EQX Yearly Income VS Free CF VS DividendEQX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M -400M

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EQX Fundamentals: All Metrics, Ratios and Statistics

EQUINOX GOLD CORP

NYSEARCA:EQX (3/30/2026, 8:04:00 PM)

Premarket: 13.28 +0.34 (+2.63%)

12.94

+0.36 (+2.86%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners65.08%
Inst Owner Change20.25%
Ins Owners3.56%
Ins Owner ChangeN/A
Market Cap10.20B
Revenue(TTM)1.82B
Net Income(TTM)221.47M
Analysts80
Price Target26.52 (104.95%)
Short Float %2.11%
Short Ratio1.57
Dividend
Industry RankSector Rank
Dividend Yield 0.5%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date03-12
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)27.43%
Min EPS beat(2)18.53%
Max EPS beat(2)36.32%
EPS beat(4)3
Avg EPS beat(4)144.3%
Min EPS beat(4)-155.58%
Max EPS beat(4)677.94%
EPS beat(8)5
Avg EPS beat(8)76.3%
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)-1.15%
Min Revenue beat(2)-1.59%
Max Revenue beat(2)-0.71%
Revenue beat(4)0
Avg Revenue beat(4)-3.27%
Min Revenue beat(4)-7.44%
Max Revenue beat(4)-0.71%
Revenue beat(8)1
Avg Revenue beat(8)-5.34%
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)13.04%
EPS NQ rev (1m)25.32%
EPS NQ rev (3m)73.68%
EPS NY rev (1m)70.99%
EPS NY rev (3m)56.61%
Revenue NQ rev (1m)12.63%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.45%
Revenue NY rev (3m)-2.2%
Valuation
Industry RankSector Rank
PE 23.11
Fwd PE 8.01
P/S 5.61
P/FCF 80.96
P/OCF 12.46
P/B 1.76
P/tB 1.76
EV/EBITDA 11.68
EPS(TTM)0.56
EY4.33%
EPS(NY)1.62
Fwd EY12.49%
FCF(TTM)0.16
FCFY1.24%
OCF(TTM)1.04
OCFY8.02%
SpS2.31
BVpS7.35
TBVpS7.35
PEG (NY)0.12
PEG (5Y)0.96
Graham Number9.62
Profitability
Industry RankSector Rank
ROA 2.1%
ROE 3.82%
ROCE 4.85%
ROIC 3.83%
ROICexc 4.08%
ROICexgc 4.08%
OM 24.77%
PM (TTM) 12.19%
GM 54.07%
FCFM 6.93%
ROA(3y)2.61%
ROA(5y)3.81%
ROE(3y)5%
ROE(5y)6.39%
ROIC(3y)2.28%
ROIC(5y)2.14%
ROICexc(3y)2.42%
ROICexc(5y)2.35%
ROICexgc(3y)2.42%
ROICexgc(5y)2.35%
ROCE(3y)2.88%
ROCE(5y)2.7%
ROICexgc growth 3Y155.37%
ROICexgc growth 5Y-11.18%
ROICexc growth 3Y155.37%
ROICexc growth 5Y-11.18%
OM growth 3Y183.11%
OM growth 5Y1.23%
PM growth 3YN/A
PM growth 5Y35.83%
GM growth 3Y23.68%
GM growth 5Y1.61%
F-Score6
Asset Turnover0.17
Health
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 14.57
Debt/EBITDA 1.65
Cap/Depr 133.78%
Cap/Sales 38.1%
Interest Coverage 3.39
Cash Conversion 84.58%
Profit Quality 56.89%
Current Ratio 1.56
Quick Ratio 1.27
Altman-Z 1.81
F-Score6
WACC12.25%
ROIC/WACC0.31
Cap/Depr(3y)187.01%
Cap/Depr(5y)205.95%
Cap/Sales(3y)43.78%
Cap/Sales(5y)44.33%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)166.67%
EPS 3YN/A
EPS 5Y24.13%
EPS Q2Q%100%
EPS Next Y188.57%
EPS Next 2Y85.12%
EPS Next 3Y25.27%
EPS Next 5Y21.2%
Revenue 1Y (TTM)20.02%
Revenue growth 3Y24.04%
Revenue growth 5Y16.54%
Sales Q2Q%71.79%
Revenue Next Year34.25%
Revenue Next 2Y25.41%
Revenue Next 3Y15.07%
Revenue Next 5Y10.89%
EBIT growth 1Y89.12%
EBIT growth 3Y251.17%
EBIT growth 5Y17.97%
EBIT Next Year134.12%
EBIT Next 3Y25.37%
EBIT Next 5Y24.46%
FCF growth 1Y415.87%
FCF growth 3YN/A
FCF growth 5Y9.23%
OCF growth 1Y119.88%
OCF growth 3Y143.8%
OCF growth 5Y26.19%

EQUINOX GOLD CORP / EQX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of EQUINOX GOLD CORP (EQX) stock?

ChartMill assigns a fundamental rating of 6 / 10 to EQX.


What is the valuation status for EQX stock?

ChartMill assigns a valuation rating of 7 / 10 to EQUINOX GOLD CORP (EQX). This can be considered as Undervalued.


Can you provide the profitability details for EQUINOX GOLD CORP?

EQUINOX GOLD CORP (EQX) has a profitability rating of 7 / 10.


What are the PE and PB ratios of EQUINOX GOLD CORP (EQX) stock?

The Price/Earnings (PE) ratio for EQUINOX GOLD CORP (EQX) is 23.11 and the Price/Book (PB) ratio is 1.76.


Can you provide the expected EPS growth for EQX stock?

The Earnings per Share (EPS) of EQUINOX GOLD CORP (EQX) is expected to grow by 188.57% in the next year.