EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis
NYSEARCA:EQX • CA29446Y5020
18.76 USD
+0.36 (+1.96%)
At close: Feb 27, 2026
18.8 USD
+0.04 (+0.21%)
After Hours: 2/27/2026, 8:04:00 PM
Overall EQX gets a fundamental rating of 6 out of 10. We evaluated EQX against 156 industry peers in the Metals & Mining industry. While EQX has a great profitability rating, there are quite some concerns on its financial health. EQX is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
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.
1.2 Ratios
- EQX has a Return On Assets of 2.10%. This is in the better half of the industry: EQX outperforms 63.46% 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 62.82% of the companies in the same industry.
- EQX has a Return On Invested Capital (3.83%) which is comparable to the rest of the industry.
- EQX had an Average Return On Invested Capital over the past 3 years of 2.61%. This is significantly below the industry average of 11.13%.
- The 3 year average ROIC (2.61%) 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)2.61%
ROIC(5y)2.33%
1.3 Margins
- With a decent Profit Margin value of 12.19%, EQX is doing good in the industry, outperforming 75.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of EQX has grown nicely.
- Looking at the Operating Margin, with a value of 24.76%, EQX is in the better half of the industry, outperforming 72.44% of the companies in the same industry.
- In the last couple of years the Operating Margin of EQX has remained more or less at the same level.
- EQX has a Gross Margin of 54.07%. This is amongst the best in the industry. EQX outperforms 88.46% of its industry peers.
- In the last couple of years the Gross Margin of EQX has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.76% | ||
| PM (TTM) | 12.19% | ||
| GM | 54.07% |
OM growth 3Y179.35%
OM growth 5Y0.42%
PM growth 3YN/A
PM growth 5Y35.83%
GM growth 3Y23.68%
GM growth 5Y1.61%
2. Health
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EQX is destroying value.
- EQX has more shares outstanding than it did 1 year ago.
- 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 2.35. 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 (2.35) is worse than 67.31% of its industry peers.
- The Debt to FCF ratio of EQX is 12.34, which is on the high side as it means it would take EQX, 12.34 years of fcf income to pay off all of its debts.
- EQX has a better Debt to FCF ratio (12.34) than 60.26% of its industry peers.
- A Debt/Equity ratio of 0.24 indicates that EQX is not too dependend on debt financing.
- EQX has a Debt to Equity ratio of 0.24. This is comparable to the rest of the industry: EQX outperforms 45.51% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.24 | ||
| Debt/FCF | 12.34 | ||
| Altman-Z | 2.35 |
ROIC/WACC0.36
WACC10.73%
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.
- The Current ratio of EQX (1.56) is worse than 70.51% 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 60.26% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.56 | ||
| Quick Ratio | 1.27 |
3. Growth
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.
- EQX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 24.13% yearly.
- The Revenue has grown by 20.02% in the past year. This is a very strong growth!
- The Revenue has been growing by 16.54% on average over the past years. This is quite good.
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.
- EQX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 10.90% yearly.
EPS Next Y68.76%
EPS Next 2Y53.12%
EPS Next 3Y39.34%
EPS Next 5Y21.2%
Revenue Next Year29.78%
Revenue Next 2Y16.68%
Revenue Next 3Y12.82%
Revenue Next 5Y10.9%
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.
4. Valuation
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 33.50, which means the current valuation is very expensive for EQX.
- Based on the Price/Earnings ratio, EQX is valued a bit cheaper than 69.87% of the companies in the same industry.
- EQX is valuated rather expensively when we compare the Price/Earnings ratio to 27.10, which is the current average of the S&P500 Index.
- Based on the Price/Forward Earnings ratio of 19.85, the valuation of EQX can be described as rather expensive.
- Based on the Price/Forward Earnings ratio, EQX is valued a bit cheaper than the industry average as 64.74% of the companies are valued more expensively.
- EQX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 28.06, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.5 | ||
| Fwd PE | 19.85 |
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 67.95% 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 62.82% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 116.97 | ||
| EV/EBITDA | 15.79 |
4.3 Compensation for Growth
- EQX's 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 39.34% in the coming years.
PEG (NY)0.49
PEG (5Y)1.39
EPS Next 2Y53.12%
EPS Next 3Y39.34%
5. Dividend
5.1 Amount
- EQX has a yearly dividend return of 0.24%, which is pretty low.
- EQX's Dividend Yield is a higher than the industry average which is at 0.98.
- With a Dividend Yield of 0.24, EQX pays less dividend than the S&P500 average, which is at 1.80.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
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 2Y53.12%
EPS Next 3Y39.34%
18.76
+0.36 (+1.96%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-19 2026-02-19/bmo
Earnings (Next)05-05 2026-05-05/amc
Inst Owners60.9%
Inst Owner Change20.26%
Ins Owners3.82%
Ins Owner ChangeN/A
Market Cap14.74B
Revenue(TTM)1.82B
Net Income(TTM)221.47M
Analysts80
Price Target26.52 (41.36%)
Short Float %2.52%
Short Ratio1.87
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
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)-3.85%
PT rev (3m)8.7%
EPS NQ rev (1m)7.76%
EPS NQ rev (3m)53.69%
EPS NY rev (1m)0%
EPS NY rev (3m)45.83%
Revenue NQ rev (1m)3.04%
Revenue NQ rev (3m)4.46%
Revenue NY rev (1m)-5.94%
Revenue NY rev (3m)-0.66%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.5 | ||
| Fwd PE | 19.85 | ||
| P/S | 8.11 | ||
| P/FCF | 116.97 | ||
| P/OCF | 18.01 | ||
| P/B | 2.54 | ||
| P/tB | 2.54 | ||
| EV/EBITDA | 15.79 |
EPS(TTM)0.56
EY2.99%
EPS(NY)0.95
Fwd EY5.04%
FCF(TTM)0.16
FCFY0.85%
OCF(TTM)1.04
OCFY5.55%
SpS2.31
BVpS7.38
TBVpS7.38
PEG (NY)0.49
PEG (5Y)1.39
Graham Number9.64
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.1% | ||
| ROE | 3.82% | ||
| ROCE | 4.85% | ||
| ROIC | 3.83% | ||
| ROICexc | 4.08% | ||
| ROICexgc | 4.08% | ||
| OM | 24.76% | ||
| 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)2.61%
ROIC(5y)2.33%
ROICexc(3y)2.76%
ROICexc(5y)2.56%
ROICexgc(3y)2.76%
ROICexgc(5y)2.56%
ROCE(3y)3.3%
ROCE(5y)2.95%
ROICexgc growth 3Y151.98%
ROICexgc growth 5Y-11.89%
ROICexc growth 3Y151.98%
ROICexc growth 5Y-11.89%
OM growth 3Y179.35%
OM growth 5Y0.42%
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 | 0.24 | ||
| Debt/FCF | 12.34 | ||
| Debt/EBITDA | 1.42 | ||
| Cap/Depr | 133.78% | ||
| Cap/Sales | 38.1% | ||
| Interest Coverage | 3.39 | ||
| Cash Conversion | 84.59% | ||
| Profit Quality | 56.89% | ||
| Current Ratio | 1.56 | ||
| Quick Ratio | 1.27 | ||
| Altman-Z | 2.35 |
F-Score6
WACC10.73%
ROIC/WACC0.36
Cap/Depr(3y)187.01%
Cap/Depr(5y)205.95%
Cap/Sales(3y)37.8%
Cap/Sales(5y)40.74%
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 Y68.76%
EPS Next 2Y53.12%
EPS Next 3Y39.34%
EPS Next 5Y21.2%
Revenue 1Y (TTM)20.02%
Revenue growth 3Y24.04%
Revenue growth 5Y16.54%
Sales Q2Q%71.79%
Revenue Next Year29.78%
Revenue Next 2Y16.68%
Revenue Next 3Y12.82%
Revenue Next 5Y10.9%
EBIT growth 1Y89.08%
EBIT growth 3Y246.5%
EBIT growth 5Y17.03%
EBIT Next Year116.99%
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 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 6 / 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 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 33.5 and the Price/Book (PB) ratio is 2.54.
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 68.76% in the next year.