Overall EQX gets a fundamental rating of 4 out of 10. We evaluated EQX against 157 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!

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1. Profitability

2. Health

3. Growth

4. Valuation

5. Dividend

1. Profitability

1.1 Basic Checks

EQX had positive earnings in the past year.
In the past year EQX had a positive cash flow from operations.
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 0.47%. This is comparable to the rest of the industry: EQX outperforms 59.24% of its industry peers.
EQX's Return On Equity of 0.88% is in line compared to the rest of the industry. EQX outperforms 59.24% of its industry peers.
EQX has a Return On Invested Capital of 3.08%. This is comparable to the rest of the industry: EQX outperforms 56.05% 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 10.48%.
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

With a decent Profit Margin value of 2.45%, EQX is doing good in the industry, outperforming 61.78% of the companies in the same industry.
In the last couple of years the Profit Margin of EQX has declined.
Looking at the Operating Margin, with a value of 18.29%, EQX is in the better half of the industry, outperforming 70.06% of the companies in the same industry.
In the last couple of years the Operating Margin of EQX has declined.
EQX has a better Gross Margin (40.73%) than 77.07% of its industry peers.
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%

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ROA

ROE

ROIC

Operating and Profit Margin

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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.
EQX has more shares outstanding than it did 5 years ago.
EQX has a worse debt/assets ratio than last year.

2.2 Solvency

An Altman-Z score of 1.81 indicates that EQX is not a great score, but indicates only limited risk for bankruptcy at the moment.
The Altman-Z score of EQX (1.81) is worse than 72.61% of its industry peers.
The Debt to FCF ratio of EQX is 12.57, which is on the high side as it means it would take EQX, 12.57 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 12.57, EQX perfoms like the industry average, outperforming 59.87% of the companies in the same industry.
EQX has a Debt/Equity ratio of 0.34. This is a healthy value indicating a solid balance between debt and equity.
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 66.24% of its industry peers.

		Industry Rank	Sector Rank
Debt/Equity	0.34
Debt/FCF	12.57
Altman-Z	1.81

ROIC/WACC0.31

WACC10.08%

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 85.35% of its industry peers.
EQX has a Quick 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.
The Quick ratio of EQX (0.53) is worse than 89.17% of its industry peers.

		Industry Rank	Sector Rank
Current Ratio	0.94
Quick Ratio	0.53

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WACC

Debt/Equity

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Altman-Z score

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3. Growth

3.1 Past

EQX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 680.00%, which is quite impressive.
The earnings per share for EQX have been decreasing by -18.64% on average. This is quite bad
The Revenue has grown by 39.14% 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)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

Based on estimates for the next years, EQX will show a very strong growth in Earnings Per Share. The EPS will grow by 48.07% on average per year.
The Revenue is expected to grow by 15.13% on average over the next years. This is quite good.

EPS Next Y158.34%

EPS Next 2Y112.14%

EPS Next 3Y84.23%

EPS Next 5Y48.07%

Revenue Next Year69.38%

Revenue Next 2Y47.88%

Revenue Next 3Y35.49%

Revenue Next 5Y15.13%

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.
The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.

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4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 36.67 indicates a quite expensive valuation of EQX.
67.52% of the companies in the same industry are more expensive than EQX, based on the Price/Earnings ratio.
The average S&P500 Price/Earnings ratio is at 28.32. EQX is valued slightly more expensive when compared to this.
Based on the Price/Forward Earnings ratio of 15.13, the valuation of EQX can be described as correct.
Based on the Price/Forward Earnings ratio, EQX is valued a bit cheaper than the industry average as 70.06% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of EQX to the average of the S&P500 Index (25.57), we can say EQX is valued slightly cheaper.

		Industry Rank	Sector Rank
PE	36.67
Fwd PE	15.13

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, EQX is valued a bit cheaper than 61.15% of the companies in the same industry.
EQX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. EQX is cheaper than 68.15% of the companies in the same industry.

		Industry Rank	Sector Rank
P/FCF	67.59
EV/EBITDA	19.08

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.
A more expensive valuation may be justified as EQX's earnings are expected to grow with 84.22% in the coming years.