Equinox Gold Corp
TSX:EQX

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Equinox Gold Corp Logo
Equinox Gold Corp
TSX:EQX
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Price: 7.98 CAD -1.12% Market Closed
Market Cap: 3.6B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one EQX stock under the Base Case scenario is 23.26 CAD. Compared to the current market price of 7.98 CAD, Equinox Gold Corp is Undervalued by 66%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

EQX Relative Value
Base Case
23.26 CAD
Undervaluation 66%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.6
P/S
P/S
Price to Sales
1.6
vs History
65
vs Industry
49
Median 3Y
1.6
Median 5Y
1.8
Industry
1.8
Forward
1.3
More Details
8.7
P/E
P/E
Price to Earnings
8.7
vs History
47
vs Industry
20
Median 3Y
9.9
Median 5Y
8.6
Industry
16.4
Forward
6.3
More Details
6.5
P/OCF
P/OCF
Price to OCF
6.5
vs History
69
vs Industry
16
Median 3Y
7.4
Median 5Y
7.7
Industry
9.7
More Details
4.7
P/FCFE
P/FCFE
Price to FCFE
4.7
vs History
38
vs Industry
10
Median 3Y
-0.9
Median 5Y
-3.4
Industry
16.2
More Details
0.8
P/B
P/B
Price to Book Value
0.8
vs History
44
vs Industry
59
Median 3Y
0.7
Median 5Y
0.8
Industry
1.7
More Details
2.2
EV/S
EV/S
Enterprise Value to Sales
2.2
vs History
44
vs Industry
44
Median 3Y
2.1
Median 5Y
2.2
Industry
2.1
Forward
1.8
More Details
6.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.3
vs History
50
vs Industry
30
Median 3Y
6.8
Median 5Y
6.4
Industry
7.4
More Details
7
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7
vs History
65
vs Industry
15
Median 3Y
8.1
Median 5Y
8.1
Industry
10.6
Forward
3.7
More Details
14.6
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
14.6
vs History
68
vs Industry
6
Median 3Y
30.1
Median 5Y
18.8
Industry
13.5
Forward
5.5
More Details
9.2
EV/OCF
EV/OCF
Enterprise Value to OCF
9.2
vs History
50
vs Industry
14
Median 3Y
9.6
Median 5Y
9.6
Industry
11
More Details
488.3
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
488.3
vs History
4
vs Industry
Median 3Y
-7.4
Median 5Y
-8.4
Industry
14.6
More Details
0.6
EV/IC
EV/IC
Enterprise Value to IC
0.6
vs History
47
vs Industry
64
Median 3Y
0.6
Median 5Y
0.6
Industry
1.4
More Details

Multiples Across Competitors

EQX Competitors Multiples
Equinox Gold Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Equinox Gold Corp
TSX:EQX
3.6B CAD 1.6 8.7 7 14.6
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 541.1 35 918.1 19 815 22 739
ZA
Gold Fields Ltd
JSE:GFI
386.3B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
158.6B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
526.8B CNY 1.7 14.7 12.3 12.3
US
Newmont Corporation
NYSE:NEM
64.8B USD 3.3 12.8 7.2 9.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
80.3B CAD 6.6 24.9 11 15.6
AU
Greatland Gold PLC
ASX:GGP
88.3B AUD 5 083.5 4 884.4 -3 675.7 -2 963.9
CA
Wheaton Precious Metals Corp
TSX:WPM
53.9B CAD 27 63.7 37.8 50.9
CA
Barrick Gold Corp
TSX:ABX
49.2B CAD 2.7 15.5 5.4 7.5
RU
Polyus PAO
MOEX:PLZL
2.6T RUB 3.8 8.5 6.5 7.1
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Equinox Gold Corp
TSX:EQX
Average EV/EBITDA: 2 487.8
7
46%
0.2
RU
P
Polyus PJSC
LSE:PLZL
19 815
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
17%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
27%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
26%
0.5
US
Newmont Corporation
NYSE:NEM
7.2
6%
1.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
11
9%
1.2
AU
G
Greatland Gold PLC
ASX:GGP
Negative Multiple: -3 675.7 N/A N/A
CA
Wheaton Precious Metals Corp
TSX:WPM
37.8
18%
2.1
CA
Barrick Gold Corp
TSX:ABX
5.4
16%
0.3
RU
Polyus PAO
MOEX:PLZL
6.5
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Equinox Gold Corp
TSX:EQX
Average EV/EBIT: 2 857.1
14.6
35%
0.4
RU
P
Polyus PJSC
LSE:PLZL
22 739
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
34%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
12.3
19%
0.6
US
Newmont Corporation
NYSE:NEM
9.8
7%
1.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.6
12%
1.3
AU
G
Greatland Gold PLC
ASX:GGP
Negative Multiple: -2 963.9 N/A N/A
CA
Wheaton Precious Metals Corp
TSX:WPM
50.9
16%
3.2
CA
Barrick Gold Corp
TSX:ABX
7.5
14%
0.5
RU
Polyus PAO
MOEX:PLZL
7.1
N/A N/A

See Also

Summary
EQX intrinsic value, competitors valuation, and company profile.
DCF Valuation
EQX stock valuation using Discount Cash Flow valuation method.
Relative Valuation
EQX stock valuation using valuation multiples.
Wall Street Estimates
EQX price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
EQX stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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