Company Valuation: Equinox Gold Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 2,034 998.5 1,526 2,291 11,040 11,905 - -
Change - -50.9% 52.85% 50.08% 381.98% 7.83% - -
Enterprise Value (EV) 1 2,269 1,589 2,167 3,399 11,040 11,681 9,710 8,146
Change - -29.97% 36.35% 56.89% 224.8% 5.8% -16.87% -16.11%
P/E ratio 4x -9.35x 54.2x 6.71x 40.2x 8.95x 7.02x 9.37x
PBR - - - - - - - -
PEG - 0x -0x 0x -0.8x 0x 0.3x -0.4x
Capitalization / Revenue 1.88x 1.05x 1.4x 1.51x 6.08x 3.27x 2.87x 3.09x
EV / Revenue 2.1x 1.67x 1.99x 2.24x 6.08x 3.21x 2.34x 2.11x
EV / EBITDA 7.49x 9.42x 7.12x 7.42x 8.24x 5.3x 3.49x 3.31x
EV / EBIT 15.5x 153x 43.7x 14.3x 13.4x 5.92x 3.78x 5.59x
EV / FCF -28.3x -3.19x 522x -85.2x - 14.6x 6.91x 8.13x
FCF Yield -3.53% -31.3% 0.19% -1.17% - 6.84% 14.5% 12.3%
Dividend per Share 2 - - - - - 0.06 0.06 0.06
Rate of return - - - - - 0.4% 0.4% 0.4%
EPS 2 1.69 -0.35 0.09 0.75 0.35 1.686 2.15 1.61
Distribution rate - - - - - 3.56% 2.79% 3.73%
Net sales 1 1,082 952.2 1,088 1,514 1,817 3,641 4,154 3,852
EBITDA 1 303.1 168.7 304.4 458.2 1,340 2,206 2,783 2,462
EBIT 1 146.5 10.39 49.62 238 822.1 1,973 2,569 1,456
Net income 1 556.8 -106 28.88 339.3 221.5 1,090 1,557 1,087
Net Debt 1 235.2 590.4 640.3 1,108 - -224 -2,195 -3,759
Reference price 2 6.76 3.27 4.88 5.03 14.07 15.09 15.09 15.09
Nbr of stocks (in thousands) 3,00,677 3,05,062 3,12,981 4,55,231 7,84,746 7,89,141 - -
Announcement Date 25/02/22 21/02/23 21/02/24 19/02/25 18/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.95x3.21x5.3x - 1.19TCr
11.78x4.21x6.48x0.85% 13TCr
15.01x6.09x8.42x0.77% 11TCr
10.68x3.07x4.45x1.77% 7.3TCr
24.6x15.92x18.87x0.54% 6.58TCr
9.74x3.77x5.1x3.68% 5.52TCr
10.17x3.69x5.62x0.42% 4.05TCr
20.26x4.59x8.78x2.04% 2.48TCr
20.73x10.55x12.86x0.71% 2.26TCr
8.72x3.22x4.62x - 2.09TCr
Average 14.06x 5.83x 8.05x 1.35% 5.54TCr
Weighted average by Cap. 14.04x 5.96x 8.13x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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