Financials Equinox Gold Corp.

Equities

EQX

CA29446Y5020

Gold

Market Closed - Toronto S.E. 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
7.56 CAD +5.59% Intraday chart for Equinox Gold Corp. -8.03% +17.39%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 871.8 2,506 2,036 996.7 1,520 2,134 - -
Enterprise Value (EV) 1 1,068 2,706 2,271 996.7 1,520 3,156 2,831 2,653
P/E ratio -48 x 103 x 4.01 x -9.33 x 54 x 38.6 x 10.7 x 12.3 x
Yield - - - - - - - -
Capitalization / Revenue 3.09 x 2.97 x 1.88 x 1.05 x 1.4 x 1.41 x 1.1 x 1.11 x
EV / Revenue 3.79 x 3.21 x 2.1 x 1.05 x 1.4 x 2.08 x 1.46 x 1.38 x
EV / EBITDA 11.3 x 9.88 x 7.49 x 5.91 x 4.99 x 6.98 x 3.67 x 3.64 x
EV / FCF -28.2 x 62.1 x -28.3 x - - -21.1 x 9.72 x 12.4 x
FCF Yield -3.54% 1.61% -3.53% - - -4.74% 10.3% 8.06%
Price to Book 2.16 x 1.73 x - - - - - -
Nbr of stocks (in thousands) 113,438 242,354 300,677 305,062 312,981 386,396 - -
Reference price 2 7.685 10.34 6.770 3.267 4.858 5.523 5.523 5.523
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 1,516 1,939 1,926
EBITDA 1 94.25 273.8 303.1 168.7 304.4 452.2 772 728.3
EBIT - 170.5 146.5 10.39 49.62 - - -
Operating Margin - 20.24% 13.53% 1.09% 4.56% - - -
Earnings before Tax (EBT) 1 -13.19 40.56 533.6 - 14.77 -10 250 162
Net income 1 -18.36 22.26 556.8 -106 28.88 71.43 309.9 228.7
Net margin -6.52% 2.64% 51.45% -11.13% 2.65% 4.71% 15.98% 11.87%
EPS 2 -0.1600 0.1000 1.690 -0.3500 0.0900 0.1432 0.5164 0.4506
Free Cash Flow 1 -37.86 43.61 -80.1 - - -149.5 291.4 213.8
FCF margin -13.44% 5.18% -7.4% - - -9.86% 15.03% 11.1%
FCF Conversion (EBITDA) - 15.93% - - - - 37.74% 29.36%
FCF Conversion (Net income) - 195.93% - - - - 94.01% 93.51%
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 Q3 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 1 245.1 381.2 223.2 224.6 245.1 259.3 234.1 271.6 284.7 297.8 277.5 301 386 434
EBITDA 1 62 130 43.4 24.1 25.7 74.7 57 70.9 81.2 95.3 32.7 - - -
EBIT - - - - - - - - - - - - - -
Operating Margin - - - - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - - - - -
Net income - - - - - - - - - - - - - -
Net margin - - - - - - - - - - - - - -
EPS 2 -0.0200 0.3178 -0.0700 -0.2600 -0.1000 0.0700 - 0.0200 0.0100 0.0100 -0.0469 0.0137 0.0968 0.1859
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/3/21 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 - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 196 200 235 - - 1,023 697 519
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.083 x 0.7316 x 0.7759 x - - 2.261 x 0.9029 x 0.7126 x
Free Cash Flow 1 -37.9 43.6 -80.1 - - -149 291 214
ROE (net income / shareholders' equity) -4.6% 8.94% 27.5% - - 1.95% 9.3% 5.9%
ROA (Net income/ Total Assets) -2.32% 1.18% - - - -1% 4% 2%
Assets 1 790.6 1,886 - - - -7,143 7,748 11,433
Book Value Per Share 3.550 5.970 - - - - - -
Cash Flow per Share 2 0.5300 0.9900 0.9600 - - 1.110 1.730 1.520
Capex 1 97.6 173 344 - - 448 268 468
Capex / Sales 34.64% 20.52% 31.8% - - 29.56% 13.82% 24.3%
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
9
Last Close Price
5.523 USD
Average target price
6.857 USD
Spread / Average Target
+24.17%
Consensus
  1. Stock Market
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  4. Financials Equinox Gold Corp.