Financials Equinix, Inc.

Equities

EQIX

US29444U7000

Specialized REITs

Market Closed - Nasdaq 01:30:00 27/04/2024 am IST 5-day change 1st Jan Change
731.6 USD -0.91% Intraday chart for Equinix, Inc. -2.19% -9.16%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,777 63,635 76,160 60,615 75,613 69,433 - -
Enterprise Value (EV) 1 59,723 74,490 88,365 73,766 88,512 84,127 85,202 85,928
P/E ratio 97.4 x 171 x 153 x 85.4 x 78.1 x 62.8 x 54.7 x 46.1 x
Yield 1.69% 1.49% 1.36% - 1.8% 2.34% 2.58% 2.84%
Capitalization / Revenue 8.95 x 10.6 x 11.5 x 8.35 x 9.23 x 7.84 x 7.19 x 6.63 x
EV / Revenue 10.7 x 12.4 x 13.3 x 10.2 x 10.8 x 9.5 x 8.83 x 8.2 x
EV / EBITDA 22.2 x 26.1 x 28.1 x 21.9 x 23.9 x 20.4 x 18.6 x 16.9 x
EV / FCF -688 x 206 x 20,651 x 108 x 203 x 106 x 53.4 x 39.9 x
FCF Yield -0.15% 0.49% 0% 0.93% 0.49% 0.94% 1.87% 2.51%
Price to Book 5.63 x 5.89 x 6.98 x 5.21 x 6.09 x 5.43 x 5.35 x 5.44 x
Nbr of stocks (in thousands) 85,279 89,102 90,041 92,538 93,883 94,904 - -
Reference price 2 583.7 714.2 845.8 655.0 805.4 731.6 731.6 731.6
Announcement Date 12/02/20 10/02/21 16/02/22 15/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 5,562 5,999 6,636 7,263 8,188 8,859 9,651 10,478
EBITDA 1 2,688 2,853 3,144 3,370 3,702 4,131 4,589 5,089
EBIT 1 1,170 1,053 1,108 1,201 1,443 1,711 2,015 2,473
Operating Margin 21.03% 17.55% 16.7% 16.53% 17.63% 19.31% 20.88% 23.6%
Earnings before Tax (EBT) 1 692.6 516.2 609 829.4 1,124 1,325 1,543 1,864
Net income 1 507.4 369.8 500.2 704.3 969.2 1,126 1,300 1,546
Net margin 9.12% 6.16% 7.54% 9.7% 11.84% 12.71% 13.47% 14.76%
EPS 2 5.990 4.180 5.530 7.670 10.31 11.66 13.39 15.87
Free Cash Flow 1 -86.79 361.7 4.279 685.2 435.6 794.4 1,596 2,156
FCF margin -1.56% 6.03% 0.06% 9.43% 5.32% 8.97% 16.54% 20.58%
FCF Conversion (EBITDA) - 12.68% 0.14% 20.33% 11.77% 19.23% 34.79% 42.36%
FCF Conversion (Net income) - 97.82% 0.86% 97.28% 44.94% 70.56% 122.83% 139.43%
Dividend per Share 2 9.840 10.64 11.48 - 14.49 17.13 18.89 20.79
Announcement Date 12/02/20 10/02/21 16/02/22 15/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 1,675 1,706 1,734 1,817 1,841 1,871 1,998 2,018 2,061 2,110 2,141 2,184 2,241 2,292 2,324
EBITDA 1 786.3 787.6 799.7 860.3 870.9 838.7 944.3 901.2 935.9 920.5 975.3 1,019 1,060 1,076 1,097
EBIT 1 282.1 249.7 267.3 317.9 333.2 282.2 384.1 332.4 380.4 346.4 386.8 420.6 451.9 453.4 415.7
Operating Margin 16.84% 14.63% 15.41% 17.49% 18.1% 15.08% 19.22% 16.47% 18.45% 16.41% 18.07% 19.26% 20.16% 19.78% 17.89%
Earnings before Tax (EBT) 1 205.2 165 180.4 224.9 246.3 177.7 313.8 244.4 295.7 270.3 301.3 326.9 353.8 350.6 319.8
Net income 1 152.2 123.3 147.5 216.3 211.8 128.8 258.8 207 275.8 227.6 251.3 274.1 297.8 293.9 262.9
Net margin 9.09% 7.22% 8.5% 11.9% 11.51% 6.88% 12.95% 10.26% 13.38% 10.78% 11.74% 12.55% 13.29% 12.82% 11.31%
EPS 2 1.680 1.360 1.620 2.370 2.300 1.390 2.770 2.210 2.930 2.400 2.628 2.871 3.101 3.046 3.012
Dividend per Share 2 2.870 2.870 3.100 3.100 3.100 - 3.410 3.410 3.410 4.260 4.260 4.260 4.260 4.314 4.729
Announcement Date 03/11/21 16/02/22 27/04/22 27/07/22 02/11/22 15/02/23 03/05/23 02/08/23 25/10/23 14/02/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 9,946 10,856 12,205 13,151 12,899 14,694 15,769 16,495
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.701 x 3.805 x 3.882 x 3.903 x 3.484 x 3.557 x 3.436 x 3.241 x
Free Cash Flow 1 -86.8 362 4.28 685 436 794 1,597 2,156
ROE (net income / shareholders' equity) 6.32% 3.8% 4.65% 6.22% 8.08% 9.6% 11.2% 12.7%
ROA (Net income/ Total Assets) 2.3% 1.45% 1.82% 2.42% 3.08% 3.68% 4.34% 5%
Assets 1 22,105 25,502 27,463 29,115 31,481 30,570 29,971 30,936
Book Value Per Share 2 104.0 121.0 121.0 126.0 132.0 135.0 137.0 135.0
Cash Flow per Share 2 23.50 26.10 28.20 32.30 34.20 37.10 42.40 43.80
Capex 1 2,080 2,283 2,752 2,278 2,781 2,921 2,910 2,860
Capex / Sales 37.39% 38.05% 41.47% 31.36% 33.96% 32.97% 30.15% 27.3%
Announcement Date 12/02/20 10/02/21 16/02/22 15/02/23 14/02/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
23
Last Close Price
731.6 USD
Average target price
909.8 USD
Spread / Average Target
+24.35%
Consensus
  1. Stock Market
  2. Equities
  3. EQIX Stock
  4. Financials Equinix, Inc.