EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis

NYSEARCA:EQX • CA29446Y5020

15.77 USD
+0.71 (+4.71%)
Last: Feb 13, 2026, 10:14 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall EQX gets a fundamental rating of 4 out of 10. We evaluated EQX against 157 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 is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!


Dividend Valuation Growth Profitability Health

5

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.
  • EQX had positive earnings in 4 of the past 5 years.
  • EQX had a positive operating cash flow in each of the past 5 years.
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 0 200M -200M 400M -400M

1.2 Ratios

  • EQX's Return On Assets of 0.47% is in line compared to the rest of the industry. EQX outperforms 59.24% of its industry peers.
  • With a Return On Equity value of 0.88%, EQX perfoms like the industry average, outperforming 59.24% of the companies in the same industry.
  • EQX has a Return On Invested Capital (3.08%) which is comparable to the rest of the industry.
  • EQX had an Average Return On Invested Capital over the past 3 years of 1.45%. This is significantly below the industry average of 10.56%.
  • The last Return On Invested Capital (3.08%) for EQX is above the 3 year average (1.45%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 0.47%
ROE 0.88%
ROIC 3.08%
ROA(3y)0.99%
ROA(5y)3.56%
ROE(3y)2.22%
ROE(5y)5.93%
ROIC(3y)1.45%
ROIC(5y)2.87%
EQX Yearly ROA, ROE, ROICEQX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20

1.3 Margins

  • EQX's Profit Margin of 2.45% is fine compared to the rest of the industry. EQX outperforms 61.78% of its industry peers.
  • EQX's Profit Margin has declined in the last couple of years.
  • EQX has a better Operating Margin (18.29%) than 70.06% of its industry peers.
  • In the last couple of years the Operating Margin of EQX has declined.
  • The Gross Margin of EQX (40.73%) is better than 77.07% of its industry peers.
  • In the last couple of years the Gross Margin of EQX has declined.
Industry RankSector 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%
EQX Yearly Profit, Operating, Gross MarginsEQX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100 -200 -300

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ROAROEROICOperating and Profit MarginShow most profitable peers

1

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 worse debt/assets ratio than last year.
EQX Yearly Shares OutstandingEQX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M
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 2B 4B 6B

2.2 Solvency

  • EQX has an Altman-Z score of 1.89. 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.
  • Looking at the Altman-Z score, with a value of 1.89, EQX is doing worse than 73.25% of the companies in the same industry.
  • The Debt to FCF ratio of EQX is 12.57, which is on the high side as it means it would take EQX, 12.57 years of fcf income to pay off all of its debts.
  • EQX has a Debt to FCF ratio of 12.57. This is comparable to the rest of the industry: EQX outperforms 59.87% of its industry peers.
  • A Debt/Equity ratio of 0.34 indicates that EQX is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.34, EQX is doing worse than 66.24% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.34
Debt/FCF 12.57
Altman-Z 1.89
ROIC/WACC0.29
WACC10.61%
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 0 1B 2B 3B

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.
  • EQX's Current ratio of 0.94 is on the low side compared to the rest of the industry. EQX is outperformed by 85.99% of its industry peers.
  • A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
  • EQX has a Quick ratio of 0.53. This is amonst the worse of the industry: EQX underperforms 89.81% of its industry peers.
Industry RankSector Rank
Current Ratio 0.94
Quick Ratio 0.53
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 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

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.
  • The earnings per share for EQX have been decreasing by -18.64% on average. This is quite bad
  • The Revenue has grown by 39.14% in the past year. This is a very strong growth!
  • The Revenue has been growing by 39.98% on average over the past years. This is a very strong growth!
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

  • The Earnings Per Share is expected to grow by 48.07% on average over the next years. This is a very strong growth
  • EQX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 15.13% yearly.
EPS Next Y158.34%
EPS Next 2Y112.14%
EPS Next 3Y84.23%
EPS Next 5Y48.07%
Revenue Next Year69.38%
Revenue Next 2Y47.88%
Revenue Next 3Y35.49%
Revenue Next 5Y15.13%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better 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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Find the best growth stocksShow best growing peers

5

4. Valuation

4.1 Price/Earnings Ratio

  • EQX is valuated quite expensively with a Price/Earnings ratio of 40.44.
  • Compared to the rest of the industry, the Price/Earnings ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 66.88% of the companies listed in the same industry.
  • EQX's Price/Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 27.67.
  • The Price/Forward Earnings ratio is 16.69, which indicates a correct valuation of EQX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 68.79% of the companies listed in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 27.69. EQX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 40.44
Fwd PE 16.69
EQX Price Earnings VS Forward Price EarningsEQX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 50 100 150 200

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 61.78% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than 68.15% of the companies in the same industry.
Industry RankSector Rank
P/FCF 74.53
EV/EBITDA 19.97
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.
  • A more expensive valuation may be justified as EQX's earnings are expected to grow with 84.22% in the coming years.
PEG (NY)0.26
PEG (5Y)N/A
EPS Next 2Y112.14%
EPS Next 3Y84.23%

More info and screens

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

0

5. Dividend

5.1 Amount

  • EQX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

EQUINOX GOLD CORP

NYSEARCA:EQX (2/13/2026, 10:14:08 AM)

15.77

+0.71 (+4.71%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)11-05
Earnings (Next)02-18
Inst Owners60.9%
Inst Owner Change0.53%
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap12.38B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target25.5 (61.7%)
Short Float %2.71%
Short Ratio2.16
Dividend
Industry RankSector 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)8.7%
PT rev (3m)31.58%
EPS NQ rev (1m)0%
EPS NQ rev (3m)1.47%
EPS NY rev (1m)7.79%
EPS NY rev (3m)45.83%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.61%
Valuation
Industry RankSector Rank
PE 40.44
Fwd PE 16.69
P/S 6.49
P/FCF 74.53
P/OCF 21.53
P/B 2.34
P/tB 2.34
EV/EBITDA 19.97
EPS(TTM)0.39
EY2.47%
EPS(NY)0.95
Fwd EY5.99%
FCF(TTM)0.21
FCFY1.34%
OCF(TTM)0.73
OCFY4.64%
SpS2.43
BVpS6.74
TBVpS6.74
PEG (NY)0.26
PEG (5Y)N/A
Graham Number7.69
Profitability
Industry RankSector Rank
ROA 0.47%
ROE 0.88%
ROCE 3.9%
ROIC 3.08%
ROICexc 3.24%
ROICexgc 3.24%
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)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%
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 RankSector 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 1.89
F-Score6
WACC10.61%
ROIC/WACC0.29
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 Y158.34%
EPS Next 2Y112.14%
EPS Next 3Y84.23%
EPS Next 5Y48.07%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year69.38%
Revenue Next 2Y47.88%
Revenue Next 3Y35.49%
Revenue Next 5Y15.13%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year135.79%
EBIT Next 3Y64.35%
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 FAQ

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

ChartMill assigns a fundamental rating of 4 / 10 to EQX.


What is the valuation status for EQX stock?

ChartMill assigns a valuation rating of 5 / 10 to EQUINOX GOLD CORP (EQX). This can be considered as Fairly Valued.


Can you provide the profitability details for EQUINOX GOLD CORP?

EQUINOX GOLD CORP (EQX) has a profitability rating of 5 / 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 40.44 and the Price/Book (PB) ratio is 2.34.


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 158.34% in the next year.