Discounted Cash Flow

Equinox Gold Corp. Foreign

EQX · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2018 $30.2m $-66.9m $-23.0m -221.8%
2019 $281.7m (834.0%) $-20.3m (69.6%) $59.7m (359.6%) -7.2% (96.7%) $-0.18
2020 $842.5m (199.1%) $20.7m (201.9%) $20.7m (-65.3%) 2.5% (134.1%) $0.10 (153.7%)
2021 $1.1b (28.5%) $554.9m (2578.0%) $320.8m (1448.2%) 51.3% (1984.7%) $1.95 (1897.1%)
2022 $952.2m (-12.0%) $-106.0m (-119.1%) $-500.6m (-256.1%) -11.1% (-121.7%) $-0.35 (-117.9%)
2023 $1.1b (14.3%) $28.9m (127.2%) $-164.8m (67.1%) 2.7% (123.8%) $0.09 (126.5%)
2024 $1.5b (39.1%) $339.3m (1074.7%) $-39.9m (75.8%) 22.4% (744.2%) $0.20 (113.8%)
2025 $1.8b (20.0%) $221.5m (-34.7%) $126.0m (415.9%) 12.2% (-45.6%) $0.38 (93.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model