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.

7

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.
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 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 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 75.46% 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 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.
  • 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.
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 1.95. 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 RankSector Rank
Debt/Equity 0.27
Debt/FCF 14.57
Altman-Z 1.95
ROIC/WACC0.31
WACC12.22%
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.
  • 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 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.
  • 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.
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 2

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7

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 RankSector Rank
PE 25.61
Fwd PE 9.02
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

  • 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 RankSector Rank
P/FCF 89.81
EV/EBITDA 12.83
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.
  • 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%

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1

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 RankSector 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
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 2Y97.45%
EPS Next 3Y36.33%
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 (4/27/2026, 5:05:00 PM)

After market: 14.3343 -0.01 (-0.04%)

14.34

+0.01 (+0.07%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19
Earnings (Next)05-06
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 RankSector 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
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 RankSector 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 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 1.95
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.