EQUINOX GOLD CORP (EQX) Fundamental Analysis & Valuation

NYSEARCA:EQX • CA29446Y5020

Current stock price

12.64 USD
+0.65 (+5.42%)
At close:
12.82 USD
+0.18 (+1.42%)
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.
  • 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 has a better Return On Assets (2.10%) than 63.52% 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 62.89% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 3.83%, EQX is in line with its industry, outperforming 58.49% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for EQX is significantly below the industry average of 61.06%.
  • 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

  • EQX has a Profit Margin of 12.19%. This is in the better half of the industry: EQX outperforms 74.84% of its industry peers.
  • In the last couple of years the Profit Margin of EQX has grown nicely.
  • EQX has a Operating Margin of 24.77%. This is in the better half of the industry: EQX outperforms 72.33% of its industry peers.
  • EQX's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 54.07%, EQX belongs to the top of the industry, outperforming 88.68% of the companies in the same industry.
  • 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

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EQX is destroying value.
  • EQX has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for EQX has been increased compared to 5 years ago.
  • The debt/assets ratio for EQX has been reduced compared to a year ago.
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

  • Based on the Altman-Z score of 1.71, we must say that EQX is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.71, EQX is doing worse than 71.07% of the companies in the same industry.
  • 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 Debt to FCF ratio (14.57) which is comparable to the rest of the 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 in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.27
Debt/FCF 14.57
Altman-Z 1.71
ROIC/WACC0.33
WACC11.48%
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.
  • Looking at the Current ratio, with a value of 1.56, EQX is doing worse than 68.55% 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.
  • The Quick ratio of EQX (1.27) is comparable to the rest of the 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

  • The Earnings Per Share has grown by an impressive 166.67% over the past year.
  • 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.
  • The Revenue has grown by 20.02% in the past year. This is a very strong growth!
  • 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

  • Based on estimates for the next years, EQX will show a very strong growth in Earnings Per Share. The EPS will grow by 21.20% on average per year.
  • 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 Year34.25%
Revenue Next 2Y25.41%
Revenue Next 3Y15.07%
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.
  • 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

  • With a Price/Earnings ratio of 22.57, EQX is valued on the expensive side.
  • EQX's Price/Earnings ratio is a bit cheaper when compared to the industry. EQX is cheaper than 71.70% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of EQX to the average of the S&P500 Index (25.54), we can say EQX is valued inline with the index average.
  • A Price/Forward Earnings ratio of 7.82 indicates a rather cheap valuation of EQX.
  • Based on the Price/Forward Earnings ratio, EQX is valued cheaply inside the industry as 83.65% of the companies are valued more expensively.
  • EQX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.70.
Industry RankSector Rank
PE 22.57
Fwd PE 7.82
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 71.07% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 66.04% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 79.08
EV/EBITDA 10.91
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)0.94
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 0.35%, EQX is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 1.14, EQX pays a bit more dividend than its industry peers.
  • 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 0.35%

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 (3/23/2026, 8:04:00 PM)

After market: 12.82 +0.18 (+1.42%)

12.64

+0.65 (+5.42%)

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 Cap9.96B
Revenue(TTM)1.82B
Net Income(TTM)221.47M
Analysts80
Price Target26.52 (109.81%)
Short Float %2.11%
Short Ratio1.57
Dividend
Industry RankSector Rank
Dividend Yield 0.35%
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)4%
PT rev (3m)13.04%
EPS NQ rev (1m)100%
EPS NQ rev (3m)17.86%
EPS NY rev (1m)70.99%
EPS NY rev (3m)19.02%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)3.45%
Revenue NY rev (3m)-21.04%
Valuation
Industry RankSector Rank
PE 22.57
Fwd PE 7.82
P/S 5.48
P/FCF 79.08
P/OCF 12.18
P/B 1.72
P/tB 1.72
EV/EBITDA 10.91
EPS(TTM)0.56
EY4.43%
EPS(NY)1.62
Fwd EY12.78%
FCF(TTM)0.16
FCFY1.26%
OCF(TTM)1.04
OCFY8.21%
SpS2.31
BVpS7.35
TBVpS7.35
PEG (NY)0.12
PEG (5Y)0.94
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 1.71
F-Score6
WACC11.48%
ROIC/WACC0.33
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 22.57 and the Price/Book (PB) ratio is 1.72.


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.