EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis
USA - NYSEARCA:EQX - CA29446Y5020 - Common Stock
10.8 USD
+0.4 (+3.85%)
10.69 USD
-0.11 (-1.02%)
We assign a fundamental rating of 4 out of 10 to EQX. EQX was compared to 156 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
EQX had positive earnings in the past year.
EQX had a positive operating cash flow in the past year.
Of the past 5 years EQX 4 years were profitable.
In the past 5 years EQX always reported a positive cash flow from operatings.
1.2 Ratios
EQX's Return On Assets of 0.47% is in line compared to the rest of the industry. EQX outperforms 58.97% of its industry peers.
EQX has a Return On Equity (0.88%) which is comparable to the rest of the industry.
EQX has a Return On Invested Capital of 3.08%. This is comparable to the rest of the industry: EQX outperforms 58.33% 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 12.92%.
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 Rank | Sector 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%
1.3 Margins
EQX has a better Profit Margin (2.45%) than 64.74% of its industry peers.
In the last couple of years the Profit Margin of EQX has declined.
EQX has a Operating Margin of 18.29%. This is in the better half of the industry: EQX outperforms 71.79% of its industry peers.
In the last couple of years the Operating Margin of EQX has declined.
With a decent Gross Margin value of 40.73%, EQX is doing good in the industry, outperforming 78.85% of the companies in the same industry.
EQX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EQX is destroying value.
The number of shares outstanding for EQX has been increased compared to 1 year ago.
EQX has more shares outstanding than it did 5 years ago.
EQX has a worse debt/assets ratio than last year.
2.2 Solvency
EQX has an Altman-Z score of 1.39. This is a bad value and indicates that EQX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.39, EQX is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
The Debt to FCF ratio of EQX is 12.17, which is on the high side as it means it would take EQX, 12.17 years of fcf income to pay off all of its debts.
EQX has a Debt to FCF ratio of 12.17. This is in the better half of the industry: EQX outperforms 62.18% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that EQX is not too dependend on debt financing.
EQX's Debt to Equity ratio of 0.34 is on the low side compared to the rest of the industry. EQX is outperformed by 66.03% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.17 | ||
| Altman-Z | 1.39 |
ROIC/WACC0.33
WACC9.25%
2.3 Liquidity
A Current Ratio of 0.94 indicates that EQX may have some problems paying 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 83.97% of its industry peers.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
With a Quick ratio value of 0.53, EQX is not doing good in the industry: 87.18% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 480.00%, which is quite impressive.
EQX shows a very negative growth in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -18.64% yearly.
The Revenue has grown by 74.31% in the past year. This is a very strong growth!
EQX shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 39.98% yearly.
EPS 1Y (TTM)480%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%1200%
Revenue 1Y (TTM)74.31%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%77.67%
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 21.03% on average per year.
The Revenue is expected to decrease by -6.79% on average over the next years.
EPS Next Y86.77%
EPS Next 2Y122.36%
EPS Next 3Y83.18%
EPS Next 5Y21.03%
Revenue Next Year57.13%
Revenue Next 2Y52.97%
Revenue Next 3Y33.88%
Revenue Next 5Y-6.79%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 37.24 indicates a quite expensive valuation of EQX.
EQX's Price/Earnings ratio is a bit cheaper when compared to the industry. EQX is cheaper than 66.03% of the companies in the same industry.
When comparing the Price/Earnings ratio of EQX to the average of the S&P500 Index (27.38), we can say EQX is valued slightly more expensively.
A Price/Forward Earnings ratio of 10.40 indicates a reasonable valuation of EQX.
Based on the Price/Forward Earnings ratio, EQX is valued cheaper than 83.33% of the companies in the same industry.
EQX is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.86, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.24 | ||
| Fwd PE | 10.4 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EQX is valued a bit cheaper than the industry average as 61.54% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 67.31% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 49.43 | ||
| EV/EBITDA | 14.06 |
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's earnings are expected to grow with 83.18% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.43
PEG (5Y)N/A
EPS Next 2Y122.36%
EPS Next 3Y83.18%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
10.8
+0.4 (+3.85%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners61.01%
Inst Owner Change43.1%
Ins Owners5.45%
Ins Owner ChangeN/A
Market Cap8.21B
Analysts80
Price Target11.22 (3.89%)
Short Float %2.89%
Short Ratio1.43
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)-8.33%
PT rev (3m)-21.43%
EPS NQ rev (1m)-14.86%
EPS NQ rev (3m)-53.4%
EPS NY rev (1m)-57.66%
EPS NY rev (3m)-57.66%
Revenue NQ rev (1m)19.13%
Revenue NQ rev (3m)19.13%
Revenue NY rev (1m)4.01%
Revenue NY rev (3m)18.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 37.24 | ||
| Fwd PE | 10.4 | ||
| P/S | 4.31 | ||
| P/FCF | 49.43 | ||
| P/OCF | 14.28 | ||
| P/B | 1.55 | ||
| P/tB | 1.55 | ||
| EV/EBITDA | 14.06 |
EPS(TTM)0.29
EY2.69%
EPS(NY)1.04
Fwd EY9.61%
FCF(TTM)0.22
FCFY2.02%
OCF(TTM)0.76
OCFY7%
SpS2.51
BVpS6.96
TBVpS6.96
PEG (NY)0.43
PEG (5Y)N/A
Profitability
| Industry Rank | Sector 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%
ROICexcg growth 3Y-8.65%
ROICexcg 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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.17 | ||
| 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 | 1.39 |
F-Score6
WACC9.25%
ROIC/WACC0.33
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)480%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%1200%
EPS Next Y86.77%
EPS Next 2Y122.36%
EPS Next 3Y83.18%
EPS Next 5Y21.03%
Revenue 1Y (TTM)74.31%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%77.67%
Revenue Next Year57.13%
Revenue Next 2Y52.97%
Revenue Next 3Y33.88%
Revenue Next 5Y-6.79%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year95.85%
EBIT Next 3Y40.32%
EBIT Next 5Y24.96%
FCF growth 1Y162.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.53%
OCF growth 3Y5.08%
OCF growth 5Y44.19%