Equinox Gold Corp. (EQX) vs Harmony Gold Mining Company Limited (HMY)

Equinox Gold Corp. and Harmony Gold Mining Company Limited are both Gold companies. Equinox Gold Corp. is the larger, with a market value of $13.0B against $10.7B — 1.2× the size. Equinox Gold Corp. trades at the lower P/E: 10.7× against 52.5×. Equinox Gold Corp. grew revenue faster over the last twelve months: 203.8% against 6.90%. Equinox Gold Corp. has the higher net margin (28.1% vs 3.80%) and the higher return on invested capital (10.1% vs 0.00%). Both pay a dividend; Harmony Gold Mining Company Limited yields more (4.55% vs 0.47%). Across the 23 metrics below, Equinox Gold Corp. leads on 15 and Harmony Gold Mining Company Limited on 8.

Valuation

Metric EQX HMY Gold median
P/E 10.72 52.55 22.25
P/S 3.04 1.39 4.90
P/B 1.38 2.44 2.65
Price to free cash flow 33.58 20.96 17.98
EV/EBITDA 6.27 6.84 6.74
EV/Sales 3.08 1.45 4.80
Earnings yield 9.33% 1.90% 1.54%
Free cash flow yield 2.98% 4.77% 0.92%

Profitability

Metric EQX HMY Gold median
Gross margin 43.65% 15.43% 50.00%
Operating margin 35.93% 0.00% 26.32%
Net margin 28.09% 3.80% 12.30%
Free cash flow margin 9.05% 0.00% 0.00%
Return on equity 13.96% 0.00% 0.00%
Return on assets 8.21% 0.00% 0.00%
Return on invested capital 10.05% 0.00% 0.52%

Growth

Metric EQX HMY Gold median
Revenue growth (TTM) 203.80% 6.90% 68.15%
EPS growth (last fiscal year) (51.39%) 117.46% 50.00%
Revenue growth, 5-year CAGR 16.54% 16.64% 16.12%
Net income growth, 5-year CAGR 58.29% 39.26% 0.00%

Health

Metric EQX HMY Gold median
Debt to equity 0.09 0.25 0.10
Current ratio 1.33 0.54 3.08
Net debt to EBITDA 1.24 0.00 0.00

Dividend

Metric EQX HMY Gold median
Dividend yield 0.47% 4.55% 0.87%
Payout ratio 0.05 — 0.15

Size

Metric EQX HMY Gold median
Market cap 12.97b 10.65b 1.62b

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