EQUINOX GOLD CORP (EQX) Stock Fundamental Analysis
USA - NYSEARCA:EQX - CA29446Y5020 - Common Stock
11.41 USD
+0.81 (+7.64%)
11.59 USD
+0.18 (+1.58%)
EQX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 154 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 is not priced too expensively while it is growing strongly. Keep and eye on this one!
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.
EQX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
EQX's Return On Assets of 0.47% is in line compared to the rest of the industry. EQX outperforms 59.74% of its industry peers.
The Return On Equity of EQX (0.88%) is better than 60.39% of its industry peers.
With a Return On Invested Capital value of 3.08%, EQX perfoms like the industry average, outperforming 59.09% of the companies in the same industry.
EQX had an Average Return On Invested Capital over the past 3 years of 1.45%. This is significantly below the industry average of 12.58%.
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's Profit Margin of 2.45% is fine compared to the rest of the industry. EQX outperforms 65.58% of its industry peers.
EQX's Profit Margin has declined in the last couple of years.
EQX has a better Operating Margin (18.29%) than 72.73% of its industry peers.
In the last couple of years the Operating Margin of EQX has declined.
The Gross Margin of EQX (40.73%) is better than 78.57% of its industry peers.
In the last couple of years the Gross Margin of EQX has declined.
| 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
EQX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
EQX has more shares outstanding than it did 1 year ago.
EQX has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, EQX has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.44, 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 1.44, EQX is doing worse than 72.73% of the companies in the same industry.
EQX has a debt to FCF ratio of 12.57. This is a negative value and a sign of low solvency as EQX would need 12.57 years to pay back of all of its debts.
EQX has a better Debt to FCF ratio (12.57) than 61.04% of its industry peers.
A Debt/Equity ratio of 0.34 indicates that EQX is not too dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.34, EQX is doing worse than 69.48% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.34 | ||
| Debt/FCF | 12.57 | ||
| Altman-Z | 1.44 |
ROIC/WACC0.36
WACC8.66%
2.3 Liquidity
EQX has a Current Ratio of 0.94. This is a bad value and indicates that EQX is not financially healthy enough and could expect problems in meeting its short term obligations.
EQX has a worse Current ratio (0.94) than 84.42% of its industry peers.
A Quick Ratio of 0.53 indicates that EQX may have some problems paying its short term obligations.
The Quick ratio of EQX (0.53) is worse than 87.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.94 | ||
| Quick Ratio | 0.53 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 680.00% over the past year.
Measured over the past years, EQX shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -18.64% on average per year.
The Revenue has grown by 39.14% in the past year. This is a very strong growth!
Measured over the past years, EQX shows a very strong growth in Revenue. The Revenue has been growing by 39.98% on average per year.
EPS 1Y (TTM)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
3.2 Future
The Earnings Per Share is expected to grow by 45.01% on average over the next years. This is a very strong growth
Based on estimates for the next years, EQX will show a quite strong growth in Revenue. The Revenue will grow by 14.93% on average per year.
EPS Next Y77.15%
EPS Next 2Y121.64%
EPS Next 3Y86.23%
EPS Next 5Y45.01%
Revenue Next Year60.38%
Revenue Next 2Y55.38%
Revenue Next 3Y34.1%
Revenue Next 5Y14.93%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better 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
A Price/Earnings ratio of 29.26 indicates a quite expensive valuation of EQX.
Compared to the rest of the industry, the Price/Earnings ratio of EQX indicates a somewhat cheap valuation: EQX is cheaper than 68.18% of the companies listed in the same industry.
EQX's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.67.
With a Price/Forward Earnings ratio of 11.06, the valuation of EQX can be described as very reasonable.
EQX's Price/Forward Earnings ratio is rather cheap when compared to the industry. EQX is cheaper than 80.52% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 31.86, EQX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.26 | ||
| Fwd PE | 11.06 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EQX is valued a bit cheaper than the industry average as 60.39% of the companies are valued more expensively.
Based on the Price/Free Cash Flow ratio, EQX is valued a bit cheaper than 66.88% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 53.8 | ||
| EV/EBITDA | 14.74 |
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.
A more expensive valuation may be justified as EQX's earnings are expected to grow with 86.23% in the coming years.
PEG (NY)0.38
PEG (5Y)N/A
EPS Next 2Y121.64%
EPS Next 3Y86.23%
5. Dividend
5.1 Amount
EQX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
11.41
+0.81 (+7.64%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners55.51%
Inst Owner Change0.05%
Ins Owners3.86%
Ins Owner ChangeN/A
Market Cap8.93B
Revenue(TTM)1.51B
Net Income(TTM)46.63M
Analysts80
Price Target19.38 (69.85%)
Short Float %4.43%
Short Ratio1.99
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)72.73%
PT rev (3m)58.33%
EPS NQ rev (1m)15.25%
EPS NQ rev (3m)-13.92%
EPS NY rev (1m)0%
EPS NY rev (3m)-57.63%
Revenue NQ rev (1m)4.83%
Revenue NQ rev (3m)24.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)3.93%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.26 | ||
| Fwd PE | 11.06 | ||
| P/S | 4.69 | ||
| P/FCF | 53.8 | ||
| P/OCF | 15.55 | ||
| P/B | 1.69 | ||
| P/tB | 1.69 | ||
| EV/EBITDA | 14.74 |
EPS(TTM)0.39
EY3.42%
EPS(NY)1.03
Fwd EY9.04%
FCF(TTM)0.21
FCFY1.86%
OCF(TTM)0.73
OCFY6.43%
SpS2.43
BVpS6.76
TBVpS6.76
PEG (NY)0.38
PEG (5Y)N/A
Graham Number7.7
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%
ROICexgc growth 3Y-8.65%
ROICexgc 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 | 12.57 | ||
| 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 | 1.44 |
F-Score6
WACC8.66%
ROIC/WACC0.36
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)680%
EPS 3Y-18.64%
EPS 5YN/A
EPS Q2Q%111.11%
EPS Next Y77.15%
EPS Next 2Y121.64%
EPS Next 3Y86.23%
EPS Next 5Y45.01%
Revenue 1Y (TTM)39.14%
Revenue growth 3Y11.84%
Revenue growth 5Y39.98%
Sales Q2Q%91.18%
Revenue Next Year60.38%
Revenue Next 2Y55.38%
Revenue Next 3Y34.1%
Revenue Next 5Y14.93%
EBIT growth 1Y772%
EBIT growth 3Y13.43%
EBIT growth 5Y33.98%
EBIT Next Year105.26%
EBIT Next 3Y63.35%
EBIT Next 5Y32.54%
FCF growth 1Y162.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y118.53%
OCF growth 3Y5.08%
OCF growth 5Y44.19%
EQUINOX GOLD CORP / EQX FAQ
What is the ChartMill fundamental rating of EQUINOX GOLD CORP (EQX) stock?
ChartMill assigns a fundamental rating of 4 / 10 to EQX.
What is the valuation status of EQUINOX GOLD CORP (EQX) stock?
ChartMill assigns a valuation rating of 6 / 10 to EQUINOX GOLD CORP (EQX). This can be considered as Fairly Valued.
What is the profitability of EQX stock?
EQUINOX GOLD CORP (EQX) has a profitability rating of 5 / 10.
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 77.15% in the next year.