758.51 USD
+14.43 (+1.94%)
758.51 USD
0 (0%)
Overall EQIX gets a fundamental rating of 4 out of 10. We evaluated EQIX against 30 industry peers in the Specialized REITs industry. While EQIX is still in line with the averages on profitability rating, there are concerns on its financial health. EQIX is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
EQIX had positive earnings in the past year.
In the past year EQIX had a positive cash flow from operations.
EQIX had positive earnings in each of the past 5 years.
In the past 5 years EQIX always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 2.81%, EQIX is in line with its industry, outperforming 60.00% of the companies in the same industry.
EQIX's Return On Equity of 7.57% is fine compared to the rest of the industry. EQIX outperforms 70.00% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.52%, EQIX is in line with its industry, outperforming 56.67% of the companies in the same industry.
EQIX had an Average Return On Invested Capital over the past 3 years of 4.06%. This is in line with the industry average of 4.78%.
The last Return On Invested Capital (4.52%) for EQIX is above the 3 year average (4.06%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.81% | ||
| ROE | 7.57% | ||
| ROIC | 4.52% |
ROA(3y)2.54%
ROA(5y)2.16%
ROE(3y)6.64%
ROE(5y)5.6%
ROIC(3y)4.06%
ROIC(5y)3.91%
1.3 Margins
Looking at the Profit Margin, with a value of 11.82%, EQIX is in line with its industry, outperforming 50.00% of the companies in the same industry.
EQIX's Profit Margin has been stable in the last couple of years.
Looking at the Operating Margin, with a value of 20.58%, EQIX is doing worse than 70.00% of the companies in the same industry.
EQIX's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 50.25%, EQIX is not doing good in the industry: 70.00% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of EQIX has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 20.58% | ||
| PM (TTM) | 11.82% | ||
| GM | 50.25% |
OM growth 3Y3.22%
OM growth 5Y-2.4%
PM growth 3Y7.31%
PM growth 5Y0.42%
GM growth 3Y0.88%
GM growth 5Y-0.22%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so EQIX is destroying value.
Compared to 1 year ago, EQIX has more shares outstanding
The number of shares outstanding for EQIX has been increased compared to 5 years ago.
Compared to 1 year ago, EQIX has a worse debt to assets ratio.
2.2 Solvency
An Altman-Z score of 2.11 indicates that EQIX is not a great score, but indicates only limited risk for bankruptcy at the moment.
EQIX has a Altman-Z score of 2.11. This is amongst the best in the industry. EQIX outperforms 90.00% of its industry peers.
EQIX has a Debt/Equity ratio of 1.31. This is a high value indicating a heavy dependency on external financing.
EQIX's Debt to Equity ratio of 1.31 is in line compared to the rest of the industry. EQIX outperforms 46.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.11 |
ROIC/WACC0.59
WACC7.64%
2.3 Liquidity
A Current Ratio of 1.62 indicates that EQIX should not have too much problems paying its short term obligations.
Looking at the Current ratio, with a value of 1.62, EQIX is in the better half of the industry, outperforming 80.00% of the companies in the same industry.
A Quick Ratio of 1.62 indicates that EQIX should not have too much problems paying its short term obligations.
With an excellent Quick ratio value of 1.62, EQIX belongs to the best of the industry, outperforming 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.62 |
3. Growth
3.1 Past
EQIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 24.44%, which is quite impressive.
Measured over the past years, EQIX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 12.95% on average per year.
The Revenue has been growing slightly by 5.36% in the past year.
Measured over the past years, EQIX shows a quite strong growth in Revenue. The Revenue has been growing by 9.48% on average per year.
EPS 1Y (TTM)24.44%
EPS 3Y19.11%
EPS 5Y12.95%
EPS Q2Q%24.19%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y9.65%
Revenue growth 5Y9.48%
Sales Q2Q%5.22%
3.2 Future
The Earnings Per Share is expected to grow by 14.52% on average over the next years. This is quite good.
EQIX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.65% yearly.
EPS Next Y38.51%
EPS Next 2Y17.59%
EPS Next 3Y13.09%
EPS Next 5Y14.52%
Revenue Next Year5.65%
Revenue Next 2Y7.17%
Revenue Next 3Y7.58%
Revenue Next 5Y8.65%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 54.96, the valuation of EQIX can be described as expensive.
63.33% of the companies in the same industry are cheaper than EQIX, based on the Price/Earnings ratio.
EQIX is valuated expensively when we compare the Price/Earnings ratio to 26.39, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 48.67, the valuation of EQIX can be described as expensive.
Based on the Price/Forward Earnings ratio, EQIX is valued a bit more expensive than the industry average as 60.00% of the companies are valued more cheaply.
When comparing the Price/Forward Earnings ratio of EQIX to the average of the S&P500 Index (23.84), we can say EQIX is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.96 | ||
| Fwd PE | 48.67 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, EQIX is valued a bit more expensive than 70.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 23.27 |
4.3 Compensation for Growth
EQIX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as EQIX's earnings are expected to grow with 13.09% in the coming years.
PEG (NY)1.43
PEG (5Y)4.24
EPS Next 2Y17.59%
EPS Next 3Y13.09%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.52%, EQIX has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.78, EQIX's dividend is way lower than its industry peers. On top of this 83.33% of the companies listed in the same industry pay a better dividend than EQIX!
EQIX's Dividend Yield is a higher than the S&P500 average which is at 1.87.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
5.2 History
On average, the dividend of EQIX grows each year by 11.21%, which is quite nice.
EQIX has paid a dividend for at least 10 years, which is a reliable track record.
EQIX has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)11.21%
Div Incr Years9
Div Non Decr Years9
5.3 Sustainability
168.81% of the earnings are spent on dividend by EQIX. This is not a sustainable payout ratio.
The dividend of EQIX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP168.81%
EPS Next 2Y17.59%
EPS Next 3Y13.09%
758.51
+14.43 (+1.94%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners98.72%
Inst Owner Change-7.04%
Ins Owners0.24%
Ins Owner Change-0.3%
Market Cap74.48B
Revenue(TTM)9.06B
Net Income(TTM)1.07B
Analysts81.14
Price Target987.06 (30.13%)
Short Float %2.14%
Short Ratio3.89
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.52% |
Yearly Dividend17.14
Dividend Growth(5Y)11.21%
DP168.81%
Div Incr Years9
Div Non Decr Years9
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)4.69%
Min EPS beat(2)3.38%
Max EPS beat(2)5.99%
EPS beat(4)3
Avg EPS beat(4)5.55%
Min EPS beat(4)-6.55%
Max EPS beat(4)19.39%
EPS beat(8)6
Avg EPS beat(8)5.09%
EPS beat(12)9
Avg EPS beat(12)6.81%
EPS beat(16)11
Avg EPS beat(16)8%
Revenue beat(2)0
Avg Revenue beat(2)-2.26%
Min Revenue beat(2)-2.48%
Max Revenue beat(2)-2.04%
Revenue beat(4)0
Avg Revenue beat(4)-2.24%
Min Revenue beat(4)-2.5%
Max Revenue beat(4)-1.94%
Revenue beat(8)0
Avg Revenue beat(8)-2.21%
Revenue beat(12)0
Avg Revenue beat(12)-2.02%
Revenue beat(16)0
Avg Revenue beat(16)-2%
PT rev (1m)0.77%
PT rev (3m)0.77%
EPS NQ rev (1m)0.36%
EPS NQ rev (3m)-0.97%
EPS NY rev (1m)-1.71%
EPS NY rev (3m)3.61%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.6%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)-0.04%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 54.96 | ||
| Fwd PE | 48.67 | ||
| P/S | 8.22 | ||
| P/FCF | N/A | ||
| P/OCF | 19.87 | ||
| P/B | 5.26 | ||
| P/tB | 10.82 | ||
| EV/EBITDA | 23.27 |
EPS(TTM)13.8
EY1.82%
EPS(NY)15.58
Fwd EY2.05%
FCF(TTM)-1.16
FCFYN/A
OCF(TTM)38.17
OCFY5.03%
SpS92.25
BVpS144.18
TBVpS70.08
PEG (NY)1.43
PEG (5Y)4.24
Graham Number211.58
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 2.81% | ||
| ROE | 7.57% | ||
| ROCE | 5.33% | ||
| ROIC | 4.52% | ||
| ROICexc | 4.93% | ||
| ROICexgc | 6.38% | ||
| OM | 20.58% | ||
| PM (TTM) | 11.82% | ||
| GM | 50.25% | ||
| FCFM | N/A |
ROA(3y)2.54%
ROA(5y)2.16%
ROE(3y)6.64%
ROE(5y)5.6%
ROIC(3y)4.06%
ROIC(5y)3.91%
ROICexc(3y)4.44%
ROICexc(5y)4.25%
ROICexgc(3y)6.06%
ROICexgc(5y)5.93%
ROCE(3y)4.78%
ROCE(5y)4.61%
ROICexgc growth 3Y5.87%
ROICexgc growth 5Y-3.08%
ROICexc growth 3Y8.33%
ROICexc growth 5Y-0.29%
OM growth 3Y3.22%
OM growth 5Y-2.4%
PM growth 3Y7.31%
PM growth 5Y0.42%
GM growth 3Y0.88%
GM growth 5Y-0.22%
F-Score5
Asset Turnover0.24
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.31 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.8 | ||
| Cap/Depr | 191.95% | ||
| Cap/Sales | 42.64% | ||
| Interest Coverage | 3.75 | ||
| Cash Conversion | 96.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 1.62 | ||
| Quick Ratio | 1.62 | ||
| Altman-Z | 2.11 |
F-Score5
WACC7.64%
ROIC/WACC0.59
Cap/Depr(3y)144.84%
Cap/Depr(5y)152.21%
Cap/Sales(3y)33.46%
Cap/Sales(5y)35.98%
Profit Quality(3y)54.9%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)24.44%
EPS 3Y19.11%
EPS 5Y12.95%
EPS Q2Q%24.19%
EPS Next Y38.51%
EPS Next 2Y17.59%
EPS Next 3Y13.09%
EPS Next 5Y14.52%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y9.65%
Revenue growth 5Y9.48%
Sales Q2Q%5.22%
Revenue Next Year5.65%
Revenue Next 2Y7.17%
Revenue Next 3Y7.58%
Revenue Next 5Y8.65%
EBIT growth 1Y18.63%
EBIT growth 3Y13.19%
EBIT growth 5Y6.85%
EBIT Next Year176.15%
EBIT Next 3Y49.12%
EBIT Next 5Y33.05%
FCF growth 1Y-131.24%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y25.85%
OCF growth 3Y8.45%
OCF growth 5Y10.27%
EQUINIX INC / EQIX FAQ
What is the ChartMill fundamental rating of EQUINIX INC (EQIX) stock?
ChartMill assigns a fundamental rating of 4 / 10 to EQIX.
What is the valuation status for EQIX stock?
ChartMill assigns a valuation rating of 1 / 10 to EQUINIX INC (EQIX). This can be considered as Overvalued.
What is the profitability of EQIX stock?
EQUINIX INC (EQIX) has a profitability rating of 5 / 10.
What are the PE and PB ratios of EQUINIX INC (EQIX) stock?
The Price/Earnings (PE) ratio for EQUINIX INC (EQIX) is 54.96 and the Price/Book (PB) ratio is 5.26.
Is the dividend of EQUINIX INC sustainable?
The dividend rating of EQUINIX INC (EQIX) is 5 / 10 and the dividend payout ratio is 168.81%.