Financials Equinox Gold Corp.

Equities

EQX

CA29446Y5020

Gold

Market Closed - Toronto S.E. 04:00:00 2024-05-28 pm EDT 5-day change 1st Jan Change
7.71 CAD -1.15% Intraday chart for Equinox Gold Corp. -2.41% +19.72%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 871.8 2,506 2,036 996.7 1,520 2,449 - -
Enterprise Value (EV) 1 1,068 2,706 2,271 996.7 2,161 3,724 3,674 3,332
P/E ratio -48 x 103 x 4.01 x -9.33 x 54 x 18.8 x 7.1 x 6.42 x
Yield - - - - - - - -
Capitalization / Revenue 3.09 x 2.97 x 1.88 x 1.05 x 1.4 x 1.51 x 1.14 x 1.18 x
EV / Revenue 3.79 x 3.21 x 2.1 x 1.05 x 1.99 x 2.3 x 1.72 x 1.61 x
EV / EBITDA 11.3 x 9.88 x 7.49 x 5.91 x 7.1 x 6.73 x 3.98 x 3.8 x
EV / FCF -28.2 x 62.1 x -28.3 x - 520 x -79.2 x 8.87 x 12.1 x
FCF Yield -3.54% 1.61% -3.53% - 0.19% -1.26% 11.3% 8.23%
Price to Book 2.16 x 1.73 x - - - - - -
Nbr of stocks (in thousands) 113,438 242,354 300,677 305,062 312,981 428,222 - -
Reference price 2 7.685 10.34 6.770 3.267 4.858 5.654 5.654 5.654
Announcement Date 3/2/20 3/4/21 2/25/22 2/21/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 281.7 842.5 1,082 952.2 1,088 1,617 2,141 2,071
EBITDA 1 94.25 273.8 303.1 168.7 304.4 553.8 924.2 877.2
EBIT 1 - 170.5 146.5 10.39 49.62 336 475 480.2
Operating Margin - 20.24% 13.53% 1.09% 4.56% 20.78% 22.19% 23.19%
Earnings before Tax (EBT) 1 -13.19 40.56 533.6 - 14.77 230 452.4 591.9
Net income 1 -18.36 22.26 556.8 -106 28.88 106.9 349.6 369.2
Net margin -6.52% 2.64% 51.45% -11.13% 2.65% 6.61% 16.33% 17.82%
EPS 2 -0.1600 0.1000 1.690 -0.3500 0.0900 0.3000 0.7960 0.8800
Free Cash Flow 1 -37.86 43.61 -80.1 - 4.152 -47.04 414.1 274.4
FCF margin -13.44% 5.18% -7.4% - 0.38% -2.91% 19.35% 13.25%
FCF Conversion (EBITDA) - 15.93% - - 1.36% - 44.81% 31.28%
FCF Conversion (Net income) - 195.93% - - 14.37% - 118.48% 74.33%
Dividend per Share 2 - - - - - - - -
Announcement Date 3/2/20 3/4/21 2/25/22 2/21/23 2/21/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 381.2 223.2 224.6 245.1 259.3 234.1 271.6 284.7 297.8 241.3 296 491 588
EBITDA 130 43.4 24.1 25.7 74.7 57 70.9 81.2 95.3 52.2 - - -
EBIT - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - -
Net income - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - -
EPS 0.3178 -0.0700 -0.2600 -0.1000 0.0700 - 0.0200 0.0100 0.0100 -0.1300 - - -
Dividend per Share - - - - - - - - - - - - -
Announcement Date 2/25/22 5/3/22 8/4/22 11/3/22 2/21/23 5/2/23 8/3/23 10/31/23 2/21/24 5/8/24 - - -
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 196 200 235 - 640 1,275 1,225 883
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.083 x 0.7316 x 0.7759 x - 2.104 x 2.302 x 1.326 x 1.007 x
Free Cash Flow 1 -37.9 43.6 -80.1 - 4.15 -47 414 274
ROE (net income / shareholders' equity) -4.6% 8.94% 27.5% - 1.2% 4.8% 11.2% 9.77%
ROA (Net income/ Total Assets) -2.32% 1.18% - - 0.7% - - -
Assets 1 790.6 1,886 - - 4,103 - - -
Book Value Per Share 3.550 5.970 - - - - - -
Cash Flow per Share 2 0.5300 0.9900 0.9600 - 1.670 1.110 1.650 1.590
Capex 1 97.6 173 344 - 523 456 295 433
Capex / Sales 34.64% 20.52% 31.8% - 48.09% 28.2% 13.78% 20.9%
Announcement Date 3/2/20 3/4/21 2/25/22 2/21/23 2/21/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
11
Last Close Price
5.654 USD
Average target price
7.076 USD
Spread / Average Target
+25.15%
Consensus
  1. Stock Market
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  4. Financials Equinox Gold Corp.