EQUINOX GOLD CORP (EQX) Fundamental Analysis & Valuation

NYSEARCA:EQX • CA29446Y5020

Current stock price

14.6 USD
+0.01 (+0.07%)
Last:

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

  • In the past year EQX was profitable.
  • EQX had a positive operating cash flow in the past year.
  • EQX had positive earnings in 4 of the past 5 years.
  • In the past 5 years EQX always reported a positive cash flow from operatings.
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 has a Return On Assets of 2.10%. This is in the better half of the industry: EQX outperforms 63.69% of its industry peers.
  • EQX has a Return On Equity of 3.82%. This is in the better half of the industry: EQX outperforms 63.06% of its industry peers.
  • 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 61.57%.
  • The 3 year average ROIC (2.28%) for EQX is below the current ROIC(3.83%), indicating increased profibility in the last year.
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

  • With a decent Profit Margin value of 12.19%, EQX is doing good in the industry, outperforming 75.16% of the companies in the same industry.
  • EQX's Profit Margin has improved in the last couple of years.
  • EQX's Operating Margin of 24.77% is fine compared to the rest of the industry. EQX outperforms 72.61% of its industry peers.
  • EQX's Operating Margin has been stable in the last couple of years.
  • EQX has a better Gross Margin (54.07%) than 88.53% of its industry peers.
  • In the last couple of years the Gross Margin of EQX has grown nicely.
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

  • 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.
  • 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 1.97. This is not the best score and indicates that EQX is in the grey zone with still only limited risk for bankruptcy at the moment.
  • EQX has a worse Altman-Z score (1.97) than 70.06% of its industry peers.
  • EQX has a debt to FCF ratio of 14.57. This is a negative value and a sign of low solvency as EQX would need 14.57 years to pay back of all of its debts.
  • EQX has a better Debt to FCF ratio (14.57) than 60.51% of its industry peers.
  • A Debt/Equity ratio of 0.27 indicates that EQX is not too dependend on debt financing.
  • EQX's Debt to Equity ratio of 0.27 is in line compared to the rest of the industry. EQX outperforms 40.13% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 14.57
Altman-Z 1.97
ROIC/WACC0.31
WACC12.18%
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

  • EQX has a Current Ratio of 1.56. This is a normal value and indicates that EQX is financially healthy and should not expect problems in meeting its short term obligations.
  • EQX has a Current ratio of 1.56. This is in the lower half of the industry: EQX underperforms 69.43% of its industry peers.
  • A Quick Ratio of 1.27 indicates that EQX should not have too much problems paying its short term obligations.
  • EQX has a worse Quick ratio (1.27) than 60.51% 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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. EQX Growth Analysis

3.1 Past

  • EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 166.67%, which is quite impressive.
  • The Earnings Per Share has been growing by 24.13% on average over the past years. This is a very strong growth
  • The Revenue has grown by 20.02% in the past year. This is a very strong growth!
  • 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.
  • The Revenue is expected to grow by 10.88% on average over the next years. This is quite good.
EPS Next Y188.57%
EPS Next 2Y85.12%
EPS Next 3Y25.27%
EPS Next 5Y21.2%
Revenue Next Year39.11%
Revenue Next 2Y24.67%
Revenue Next 3Y15.62%
Revenue Next 5Y10.89%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in 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

  • With a Price/Earnings ratio of 26.07, EQX can be considered very expensive at the moment.
  • EQX's Price/Earnings ratio is a bit cheaper when compared to the industry. EQX is cheaper than 70.06% of the companies in the same industry.
  • EQX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.17.
  • The Price/Forward Earnings ratio is 9.03, which indicates a very decent valuation of EQX.
  • Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 82.17% of the companies in the same industry.
  • EQX is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.05, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 26.07
Fwd PE 9.03
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

  • Based on the Enterprise Value to EBITDA ratio, EQX is valued a bit cheaper than the industry average as 70.06% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than the industry average as 66.24% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 91.34
EV/EBITDA 13.03
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.
  • EQX's earnings are expected to grow with 25.27% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.14
PEG (5Y)1.08
EPS Next 2Y85.12%
EPS Next 3Y25.27%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

1

5. EQX Dividend Analysis

5.1 Amount

  • EQX has a yearly dividend return of 0.48%, which is pretty low.
  • EQX's Dividend Yield is a higher than the industry average which is at 1.16.
  • 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 0.48%

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 (4/6/2026, 1:17:09 PM)

14.6

+0.01 (+0.07%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19
Earnings (Next)05-05
Inst Owners65.08%
Inst Owner Change0%
Ins Owners3.56%
Ins Owner ChangeN/A
Market Cap11.51B
Revenue(TTM)1.82B
Net Income(TTM)221.47M
Analysts80
Price Target26.52 (81.64%)
Short Float %2.26%
Short Ratio1.56
Dividend
Industry RankSector Rank
Dividend Yield 0.48%
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)-18.18%
EPS NQ rev (3m)42.11%
EPS NY rev (1m)0%
EPS NY rev (3m)56.61%
Revenue NQ rev (1m)25.19%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.62%
Revenue NY rev (3m)1.34%
Valuation
Industry RankSector Rank
PE 26.07
Fwd PE 9.03
P/S 6.33
P/FCF 91.34
P/OCF 14.06
P/B 1.99
P/tB 1.99
EV/EBITDA 13.03
EPS(TTM)0.56
EY3.84%
EPS(NY)1.62
Fwd EY11.07%
FCF(TTM)0.16
FCFY1.09%
OCF(TTM)1.04
OCFY7.11%
SpS2.31
BVpS7.35
TBVpS7.35
PEG (NY)0.14
PEG (5Y)1.08
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 1.97
F-Score6
WACC12.18%
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 Year39.11%
Revenue Next 2Y24.67%
Revenue Next 3Y15.62%
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.


What is the profitability of EQX stock?

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


Can you provide the PE and PB ratios for EQX stock?

The Price/Earnings (PE) ratio for EQUINOX GOLD CORP (EQX) is 26.07 and the Price/Book (PB) ratio is 1.99.