WallStSmart

Almonty Industries Inc. Common Shares (ALM)vsEquinox Gold Corp (EQX)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Equinox Gold Corp generates 3276% more annual revenue ($2.90B vs $85.80M). ALM leads profitability with a 125.2% profit margin vs 28.1%. EQX trades at a lower P/E of 19.4x. EQX earns a higher WallStSmart Score of 68/100 (B-).

ALM

Buy

57

out of 100

Grade: C

Growth: 6.7Profit: 6.5Value: 4.0Quality: 5.5
Piotroski: 4/9Altman Z: 0.58

EQX

Strong Buy

68

out of 100

Grade: B-

Growth: 10.0Profit: 8.0Value: 7.0Quality: 5.5
Piotroski: 3/9Altman Z: 1.20
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for ALM.

EQXUndervalued (+49.5%)

Margin of Safety

+49.5%

Fair Value

$25.44

Current Price

$12.40

$13.04 discount

UndervaluedFair: $25.44Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ALM3 strengths · Avg: 10.0/10
Profit MarginProfitability
125.2%10/10

Keeps 125 of every $100 in revenue as profit

Operating MarginProfitability
37.5%10/10

Strong operational efficiency at 37.5%

Revenue GrowthGrowth
497.7%10/10

Revenue surging 497.7% year-over-year

EQX6 strengths · Avg: 9.5/10
Operating MarginProfitability
32.1%10/10

Strong operational efficiency at 32.1%

Revenue GrowthGrowth
169.3%10/10

Revenue surging 169.3% year-over-year

EPS GrowthGrowth
451.7%10/10

Earnings expanding 451.7% YoY

Debt/EquityHealth
0.0910/10

Conservative balance sheet, low leverage

Profit MarginProfitability
28.1%9/10

Keeps 28 of every $100 in revenue as profit

Price/BookValuation
1.5x8/10

Reasonable price relative to book value

Areas to Watch

ALM4 concerns · Avg: 3.3/10
Price/BookValuation
11.2x4/10

Trading at 11.2x book value

EPS GrowthGrowth
0.0%4/10

0.0% earnings growth

Debt/EquityHealth
1.473/10

Elevated debt levels

P/E RatioValuation
87.3x2/10

Premium valuation, high expectations priced in

EQX3 concerns · Avg: 2.3/10
Piotroski F-ScoreQuality
3/93/10

Weak financial health signals

Free Cash FlowQuality
$-1.34M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
1.202/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ALM

The strongest argument for ALM centers on Profit Margin, Operating Margin, Revenue Growth. Profitability is solid with margins at 125.2% and operating margin at 37.5%. Revenue growth of 497.7% demonstrates continued momentum.

Bull Case : EQX

The strongest argument for EQX centers on Operating Margin, Revenue Growth, EPS Growth. Profitability is solid with margins at 28.1% and operating margin at 32.1%. Revenue growth of 169.3% demonstrates continued momentum.

Bear Case : ALM

The primary concerns for ALM are Price/Book, EPS Growth, Debt/Equity. A P/E of 87.3x leaves little room for execution misses.

Bear Case : EQX

The primary concerns for EQX are Piotroski F-Score, Free Cash Flow, Altman Z-Score.

Key Dynamics to Monitor

EQX carries more volatility with a beta of 2.49 — expect wider price swings.

ALM is growing revenue faster at 497.7% — sustainability is the question.

ALM generates stronger free cash flow (5M), providing more financial flexibility.

Monitor OTHER INDUSTRIAL METALS & MINING industry trends, competitive dynamics, and regulatory changes.

Bottom Line

EQX scores higher overall (68/100 vs 57/100), backed by strong 28.1% margins and 169.3% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Almonty Industries Inc. Common Shares

BASIC MATERIALS · OTHER INDUSTRIAL METALS & MINING · USA

Almonty Industries Inc. engages in mining, processing, and shipping of tungsten concentrates. The company is headquartered in Dillon, Montana.

Equinox Gold Corp

BASIC MATERIALS · GOLD · USA

Equinox Gold Corp. The company is headquartered in Vancouver, Canada.

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