EQUINOX GOLD CORP (EQX) Fundamental Analysis & Valuation
NYSEARCA:EQX • CA29446Y5020
Current stock price
14.34 USD
+0.01 (+0.07%)
At close:
14.3343 USD
-0.01 (-0.04%)
After Hours:
This EQX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. EQX Profitability Analysis
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.
- Each year in the past 5 years EQX had a positive operating cash flow.
1.2 Ratios
- EQX has a better Return On Assets (2.10%) than 63.80% of its industry peers.
- EQX's Return On Equity of 3.82% is fine compared to the rest of the industry. EQX outperforms 62.58% of its industry peers.
- EQX's Return On Invested Capital of 3.83% is in line compared to the rest of the industry. EQX outperforms 56.44% 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 58.77%.
- The 3 year average ROIC (2.28%) for EQX is below the current ROIC(3.83%), indicating increased profibility in the last year.
| Industry Rank | Sector 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%
1.3 Margins
- With a decent Profit Margin value of 12.19%, EQX is doing good in the industry, outperforming 75.46% 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 71.78% of its industry peers.
- In the last couple of years the Operating Margin of EQX has remained more or less at the same level.
- EQX has a better Gross Margin (54.07%) than 85.89% of its industry peers.
- In the last couple of years the Gross Margin of EQX has grown nicely.
| Industry Rank | Sector 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%
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.
- Compared to 1 year ago, EQX has more shares outstanding
- Compared to 5 years ago, EQX has more shares outstanding
- Compared to 1 year ago, EQX has an improved debt to assets ratio.
2.2 Solvency
- EQX has an Altman-Z score of 1.95. 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.
- The Altman-Z score of EQX (1.95) is worse than 71.78% 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 60.12% of its industry peers.
- A Debt/Equity ratio of 0.27 indicates that EQX is not too dependend on debt financing.
- EQX has a Debt to Equity ratio of 0.27. This is in the lower half of the industry: EQX underperforms 61.35% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.27 | ||
| Debt/FCF | 14.57 | ||
| Altman-Z | 1.95 |
ROIC/WACC0.31
WACC12.22%
2.3 Liquidity
- A Current Ratio of 1.56 indicates that EQX should not have too much problems paying its short term obligations.
- The Current ratio of EQX (1.56) is worse than 68.71% of its industry peers.
- A Quick Ratio of 1.27 indicates that EQX should not have too much problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 1.27, EQX is doing worse than 60.74% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1.27 |
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.
- Measured over the past years, EQX shows a very strong growth in Earnings Per Share. The EPS has been growing by 24.13% on average per year.
- EQX shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.02%.
- Measured over the past years, EQX shows a quite strong growth in Revenue. The Revenue has been growing by 16.54% on average per year.
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 quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 13.84% yearly.
- The Revenue is expected to grow by 10.91% on average over the next years. This is quite good.
EPS Next Y183.88%
EPS Next 2Y97.45%
EPS Next 3Y36.33%
EPS Next 5Y13.84%
Revenue Next Year44.61%
Revenue Next 2Y29.26%
Revenue Next 3Y15.58%
Revenue Next 5Y10.91%
3.3 Evolution
- The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
- The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
4. EQX Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 25.61, EQX can be considered very expensive at the moment.
- 70.55% of the companies in the same industry are more expensive than EQX, based on the Price/Earnings ratio.
- When comparing the Price/Earnings ratio of EQX to the average of the S&P500 Index (27.42), we can say EQX is valued inline with the index average.
- The Price/Forward Earnings ratio is 9.02, which indicates a very decent valuation of EQX.
- EQX's Price/Forward Earnings ratio is rather cheap when compared to the industry. EQX is cheaper than 82.82% of the companies in the same industry.
- The average S&P500 Price/Forward Earnings ratio is at 22.29. EQX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.61 | ||
| Fwd PE | 9.02 |
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 68.71% of the companies listed in the same industry.
- Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than the industry average as 65.03% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 89.81 | ||
| EV/EBITDA | 12.83 |
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.
- The decent profitability rating of EQX may justify a higher PE ratio.
- A more expensive valuation may be justified as EQX's earnings are expected to grow with 36.33% in the coming years.
PEG (NY)0.14
PEG (5Y)1.06
EPS Next 2Y97.45%
EPS Next 3Y36.33%
5. EQX Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.43%, EQX is not a good candidate for dividend investing.
- EQX's Dividend Yield is a higher than the industry average which is at 1.05.
- Compared to an average S&P500 Dividend Yield of 1.81, EQX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
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
5.3 Sustainability
DPN/A
EPS Next 2Y97.45%
EPS Next 3Y36.33%
EQX Fundamentals: All Metrics, Ratios and Statistics
14.34
+0.01 (+0.07%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2026-02-19/bmo
Earnings (Next)05-06 2026-05-06/amc
Inst Owners64.58%
Inst Owner Change-0.19%
Ins Owners4.07%
Ins Owner ChangeN/A
Market Cap11.32B
Revenue(TTM)1.82B
Net Income(TTM)221.47M
Analysts80
Price Target26.52 (84.94%)
Short Float %2.01%
Short Ratio1.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.43% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-Date03-12 2026-03-12 (0.015)
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)0%
EPS NQ rev (1m)-13.64%
EPS NQ rev (3m)72.73%
EPS NY rev (1m)-1.62%
EPS NY rev (3m)68.21%
Revenue NQ rev (1m)11.71%
Revenue NQ rev (3m)25.82%
Revenue NY rev (1m)7.71%
Revenue NY rev (3m)5.34%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.61 | ||
| Fwd PE | 9.02 | ||
| P/S | 6.23 | ||
| P/FCF | 89.81 | ||
| P/OCF | 13.83 | ||
| P/B | 1.95 | ||
| P/tB | 1.95 | ||
| EV/EBITDA | 12.83 |
EPS(TTM)0.56
EY3.91%
EPS(NY)1.59
Fwd EY11.09%
FCF(TTM)0.16
FCFY1.11%
OCF(TTM)1.04
OCFY7.23%
SpS2.3
BVpS7.34
TBVpS7.34
PEG (NY)0.14
PEG (5Y)1.06
Graham Number9.61973 (-32.92%)
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.95 |
F-Score6
WACC12.22%
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 Y183.88%
EPS Next 2Y97.45%
EPS Next 3Y36.33%
EPS Next 5Y13.84%
Revenue 1Y (TTM)20.02%
Revenue growth 3Y24.04%
Revenue growth 5Y16.54%
Sales Q2Q%71.79%
Revenue Next Year44.61%
Revenue Next 2Y29.26%
Revenue Next 3Y15.58%
Revenue Next 5Y10.91%
EBIT growth 1Y89.12%
EBIT growth 3Y251.17%
EBIT growth 5Y17.97%
EBIT Next Year127.7%
EBIT Next 3Y26.67%
EBIT Next 5Y28.01%
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 25.61 and the Price/Book (PB) ratio is 1.95.