| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 3/6 |
EQIX Stock Overview
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success.
Rewards
Risk Analysis
Equinix Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$671.81 |
| 52 Week High | US$885.26 |
| 52 Week Low | US$621.34 |
| Beta | 0.45 |
| 1 Month Change | -9.87% |
| 3 Month Change | -0.34% |
| 1 Year Change | -8.63% |
| 3 Year Change | 36.76% |
| 5 Year Change | 52.72% |
| Change since IPO | 59.96% |
Recent News & Updates
Shareholder Returns
| EQIX | US REITs | US Market | |
|---|---|---|---|
| 7D | 3.9% | -0.7% | -4.0% |
| 1Y | -8.6% | -1.3% | -13.2% |
Return vs Industry: EQIX underperformed the US REITs industry which returned -2.1% over the past year.
Return vs Market: EQIX exceeded the US Market which returned -12.3% over the past year.
Price Volatility
| EQIX volatility | |
|---|---|
| EQIX Average Weekly Movement | 5.4% |
| REITs Industry Average Movement | 4.4% |
| Market Average Movement | 7.8% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: EQIX is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: EQIX's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1998 | 10,944 | Charles Meyers | https://www.equinix.com |
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today’s businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.
Equinix Fundamentals Summary
| EQIX fundamental statistics | |
|---|---|
| Market Cap | US$61.15b |
| Earnings (TTM) | US$491.28m |
| Revenue (TTM) | US$6.40b |
124.5x
P/E Ratio9.6x
P/S RatioIs EQIX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EQIX income statement (TTM) | |
|---|---|
| Revenue | US$6.40b |
| Cost of Revenue | US$3.58b |
| Gross Profit | US$2.82b |
| Other Expenses | US$2.33b |
| Earnings | US$491.28m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.40 |
| Gross Margin | 44.09% |
| Net Profit Margin | 7.68% |
| Debt/Equity Ratio | 106.7% |
How did EQIX perform over the long term?
See historical performance and comparisonDividends
1.8%
Current Dividend Yield67%
Payout RatioValuation
Is Equinix undervalued compared to its fair value and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry
47.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EQIX ($671.81) is trading below our estimate of fair value ($1280.99)
Significantly Below Fair Value: EQIX is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EQIX is poor value based on its Price-To-Earnings Ratio (124.5x) compared to the US REITs industry average (32.4x).
PE vs Market: EQIX is poor value based on its Price-To-Earnings Ratio (124.5x) compared to the US market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: EQIX is poor value based on its PEG Ratio (7.1x)
Price to Book Ratio
PB vs Industry: EQIX is overvalued based on its Price-To-Book Ratio (5.6x) compared to the US REITs industry average (1.6x).
Future Growth
How is Equinix forecast to perform in the next 1 to 3 years based on estimates from 23 analysts?
Future Growth Score
3/6Future Growth Score 3/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
17.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EQIX's forecast earnings growth (17.6% per year) is above the savings rate (1.9%).
Earnings vs Market: EQIX's earnings (17.6% per year) are forecast to grow faster than the US market (12.3% per year).
High Growth Earnings: EQIX's earnings are forecast to grow, but not significantly.
Revenue vs Market: EQIX's revenue (8% per year) is forecast to grow faster than the US market (7.8% per year).
High Growth Revenue: EQIX's revenue (8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EQIX's Return on Equity is forecast to be low in 3 years time (9.6%).
Past Performance
How has Equinix performed over the past 5 years?
Past Performance Score
3/6Past Performance Score 3/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
14.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EQIX has a large one-off gain of $298.4M impacting its March 31 2022 financial results.
Growing Profit Margin: EQIX's current net profit margins (7.7%) are higher than last year (7.1%).
Past Earnings Growth Analysis
Earnings Trend: EQIX's earnings have grown by 14.3% per year over the past 5 years.
Accelerating Growth: EQIX's earnings growth over the past year (20.6%) exceeds its 5-year average (14.3% per year).
Earnings vs Industry: EQIX earnings growth over the past year (20.6%) underperformed the REITs industry 69.5%.
Return on Equity
High ROE: EQIX's Return on Equity (4.5%) is considered low.
Financial Health
How is Equinix's financial position?
Financial Health Score
3/6Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage
Financial Position Analysis
Short Term Liabilities: EQIX's short term assets ($3.1B) exceed its short term liabilities ($1.6B).
Long Term Liabilities: EQIX's short term assets ($3.1B) do not cover its long term liabilities ($15.5B).
Debt to Equity History and Analysis
Debt Level: EQIX's net debt to equity ratio (91.2%) is considered high.
Reducing Debt: EQIX's debt to equity ratio has reduced from 130.2% to 106.7% over the past 5 years.
Debt Coverage: EQIX's debt is well covered by operating cash flow (23.4%).
Interest Coverage: EQIX's interest payments on its debt are not well covered by EBIT (2.2x coverage).
Balance Sheet
Dividend
What is Equinix current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
1.85%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EQIX's dividend (1.85%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: EQIX's dividend (1.85%) is low compared to the top 25% of dividend payers in the US market (4.05%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, EQIX has been paying a dividend for less than 10 years.
Growing Dividend: EQIX's dividend payments have increased, but the company has only paid a dividend for 7 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.3%), EQIX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (41.2%), EQIX's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
5.5yrs
Average management tenure
CEO
Charles Meyers (55 yo)
3.67yrs
Tenure
US$23,248,193
Compensation
Mr. Charles J. Meyers serves as an Independent Director of Fastly, Inc. since July 8, 2021. He has been President, Director and Chief Executive Officer at Equinix, Inc. and Equinix, Inc. (REIT) since Septe...
CEO Compensation Analysis
Compensation vs Market: Charles's total compensation ($USD23.25M) is above average for companies of similar size in the US market ($USD13.26M).
Compensation vs Earnings: Charles's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: EQIX's management team is seasoned and experienced (5.5 years average tenure).
Board Members
Experienced Board: EQIX's board of directors are considered experienced (6.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EQIX insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Equinix, Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Equinix, Inc.
- Ticker: EQIX
- Exchange: NasdaqGS
- Founded: 1998
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$61.149b
- Shares outstanding: 91.02m
- Website: https://www.equinix.com
Number of Employees
Location
- Equinix, Inc.
- One Lagoon Drive
- Redwood City
- California
- 94065
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/05/24 00:00 |
| End of Day Share Price | 2022/05/24 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2021/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.