EQUINIX INC (EQIX) Fundamental Analysis & Valuation

NASDAQ:EQIX • US29444U7000

Current stock price

959.16 USD
-15.6 (-1.6%)
At close:
959.16 USD
0 (0%)
After Hours:

This EQIX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. EQIX Profitability Analysis

1.1 Basic Checks

  • EQIX had positive earnings in the past year.
  • In the past year EQIX had a positive cash flow from operations.
  • In the past 5 years EQIX has always been profitable.
  • Each year in the past 5 years EQIX had a positive operating cash flow.
EQIX Yearly Net Income VS EBIT VS OCF VS FCFEQIX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B

1.2 Ratios

  • With a decent Return On Assets value of 3.36%, EQIX is doing good in the industry, outperforming 60.71% of the companies in the same industry.
  • EQIX has a better Return On Equity (9.54%) than 67.86% of its industry peers.
  • EQIX has a better Return On Invested Capital (4.69%) than 60.71% of its industry peers.
  • EQIX had an Average Return On Invested Capital over the past 3 years of 4.45%. This is in line with the industry average of 5.05%.
  • The 3 year average ROIC (4.45%) for EQIX is below the current ROIC(4.69%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 3.36%
ROE 9.54%
ROIC 4.69%
ROA(3y)2.88%
ROA(5y)2.55%
ROE(3y)7.77%
ROE(5y)6.81%
ROIC(3y)4.45%
ROIC(5y)4.15%
EQIX Yearly ROA, ROE, ROICEQIX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6 8

1.3 Margins

  • EQIX has a Profit Margin (14.65%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of EQIX has grown nicely.
  • EQIX has a Operating Margin of 21.33%. This is in the lower half of the industry: EQIX underperforms 64.29% of its industry peers.
  • EQIX's Operating Margin has improved in the last couple of years.
  • EQIX's Gross Margin of 51.09% is on the low side compared to the rest of the industry. EQIX is outperformed by 67.86% of its industry peers.
  • In the last couple of years the Gross Margin of EQIX has remained more or less at the same level.
Industry RankSector Rank
OM 21.33%
PM (TTM) 14.65%
GM 51.09%
OM growth 3Y8.1%
OM growth 5Y2.79%
PM growth 3Y14.74%
PM growth 5Y18.9%
GM growth 3Y1.86%
GM growth 5Y0.94%
EQIX Yearly Profit, Operating, Gross MarginsEQIX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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4

2. EQIX Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EQIX is destroying value.
  • The number of shares outstanding for EQIX has been increased compared to 1 year ago.
  • The number of shares outstanding for EQIX has been increased compared to 5 years ago.
  • The debt/assets ratio for EQIX is higher compared to a year ago.
EQIX Yearly Shares OutstandingEQIX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M
EQIX Yearly Total Debt VS Total AssetsEQIX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B 40B

2.2 Solvency

  • An Altman-Z score of 2.43 indicates that EQIX is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • EQIX's Altman-Z score of 2.43 is amongst the best of the industry. EQIX outperforms 92.86% of its industry peers.
  • A Debt/Equity ratio of 1.40 is on the high side and indicates that EQIX has dependencies on debt financing.
  • EQIX has a Debt to Equity ratio (1.40) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Altman-Z 2.43
ROIC/WACC0.61
WACC7.71%
EQIX Yearly LT Debt VS Equity VS FCFEQIX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B 10B 15B

2.3 Liquidity

  • A Current Ratio of 1.32 indicates that EQIX should not have too much problems paying its short term obligations.
  • The Current ratio of EQIX (1.32) is better than 89.29% of its industry peers.
  • EQIX has a Quick Ratio of 1.32. This is a normal value and indicates that EQIX is financially healthy and should not expect problems in meeting its short term obligations.
  • EQIX's Quick ratio of 1.32 is amongst the best of the industry. EQIX outperforms 89.29% of its industry peers.
Industry RankSector Rank
Current Ratio 1.32
Quick Ratio 1.32
EQIX Yearly Current Assets VS Current LiabilitesEQIX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B

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7

3. EQIX Growth Analysis

3.1 Past

  • EQIX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 29.10%, which is quite impressive.
  • The Earnings Per Share has been growing by 28.15% on average over the past years. This is a very strong growth
  • EQIX shows a small growth in Revenue. In the last year, the Revenue has grown by 5.36%.
  • EQIX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.97% yearly.
EPS 1Y (TTM)29.1%
EPS 3Y23.74%
EPS 5Y28.15%
EPS Q2Q%29.07%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y8.27%
Revenue growth 5Y8.97%
Sales Q2Q%7.03%

3.2 Future

  • The Earnings Per Share is expected to grow by 12.54% on average over the next years. This is quite good.
  • Based on estimates for the next years, EQIX will show a quite strong growth in Revenue. The Revenue will grow by 9.88% on average per year.
EPS Next Y35.51%
EPS Next 2Y13.24%
EPS Next 3Y12.61%
EPS Next 5Y12.54%
Revenue Next Year10.2%
Revenue Next 2Y9.54%
Revenue Next 3Y9.32%
Revenue Next 5Y9.88%

3.3 Evolution

  • Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
EQIX Yearly Revenue VS EstimatesEQIX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5B 10B 15B
EQIX Yearly EPS VS EstimatesEQIX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40

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1

4. EQIX Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 65.92, EQIX can be considered very expensive at the moment.
  • Based on the Price/Earnings ratio, EQIX is valued a bit more expensive than the industry average as 64.29% of the companies are valued more cheaply.
  • When comparing the Price/Earnings ratio of EQIX to the average of the S&P500 Index (25.23), we can say EQIX is valued expensively.
  • Based on the Price/Forward Earnings ratio of 48.65, the valuation of EQIX can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EQIX is on the same level as its industry peers.
  • When comparing the Price/Forward Earnings ratio of EQIX to the average of the S&P500 Index (23.28), we can say EQIX is valued expensively.
Industry RankSector Rank
PE 65.92
Fwd PE 48.65
EQIX Price Earnings VS Forward Price EarningsEQIX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, EQIX is valued a bit more expensive than the industry average as 75.00% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 27.85
EQIX Per share dataEQIX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 50 100

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EQIX does not grow enough to justify the current Price/Earnings ratio.
  • EQIX has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as EQIX's earnings are expected to grow with 12.61% in the coming years.
PEG (NY)1.86
PEG (5Y)2.34
EPS Next 2Y13.24%
EPS Next 3Y12.61%

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4

5. EQIX Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.12%, EQIX has a reasonable but not impressive dividend return.
  • With a Dividend Yield of 2.12, EQIX pays less dividend than the industry average, which is at 5.49. 89.29% of the companies listed in the same industry pay a better dividend than EQIX!
  • Compared to an average S&P500 Dividend Yield of 1.91, EQIX has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.12%

5.2 History

  • On average, the dividend of EQIX grows each year by 11.75%, which is quite nice.
  • EQIX has been paying a dividend for at least 10 years, so it has 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)11.75%
Div Incr Years9
Div Non Decr Years9
EQIX Yearly Dividends per shareEQIX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

5.3 Sustainability

  • 137.48% of the earnings are spent on dividend by EQIX. This is not a sustainable payout ratio.
  • EQIX's earnings are growing around the same pace than its dividend. As long as the earnings growth is kept the dividend growth is sustainable.
DP137.48%
EPS Next 2Y13.24%
EPS Next 3Y12.61%
EQIX Yearly Income VS Free CF VS DividendEQIX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M 1B 1.5B
EQIX Dividend Payout.EQIX Dividend Payout, showing the Payout Ratio.EQIX Dividend Payout.PayoutRetained Earnings

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EQIX Fundamentals: All Metrics, Ratios and Statistics

EQUINIX INC

NASDAQ:EQIX (3/20/2026, 6:50:58 PM)

After market: 959.16 0 (0%)

959.16

-15.6 (-1.6%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-11
Earnings (Next)04-28
Inst Owners98.53%
Inst Owner Change0.36%
Ins Owners0.25%
Ins Owner Change4.26%
Market Cap94.24B
Revenue(TTM)9.22B
Net Income(TTM)1.35B
Analysts80.54
Price Target1027.43 (7.12%)
Short Float %1.96%
Short Ratio2.93
Dividend
Industry RankSector Rank
Dividend Yield 2.12%
Yearly Dividend18.99
Dividend Growth(5Y)11.75%
DP137.48%
Div Incr Years9
Div Non Decr Years9
Ex-Date02-25
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-5.92%
Min EPS beat(2)-15.23%
Max EPS beat(2)3.38%
EPS beat(4)3
Avg EPS beat(4)3.38%
Min EPS beat(4)-15.23%
Max EPS beat(4)19.39%
EPS beat(8)5
Avg EPS beat(8)2.13%
EPS beat(12)9
Avg EPS beat(12)7.35%
EPS beat(16)11
Avg EPS beat(16)7.37%
Revenue beat(2)0
Avg Revenue beat(2)-3.03%
Min Revenue beat(2)-3.59%
Max Revenue beat(2)-2.48%
Revenue beat(4)0
Avg Revenue beat(4)-2.51%
Min Revenue beat(4)-3.59%
Max Revenue beat(4)-1.94%
Revenue beat(8)0
Avg Revenue beat(8)-2.39%
Revenue beat(12)0
Avg Revenue beat(12)-2.18%
Revenue beat(16)0
Avg Revenue beat(16)-2.13%
PT rev (1m)6.36%
PT rev (3m)4.09%
EPS NQ rev (1m)19.81%
EPS NQ rev (3m)21.62%
EPS NY rev (1m)21.65%
EPS NY rev (3m)26.51%
Revenue NQ rev (1m)2.15%
Revenue NQ rev (3m)2.03%
Revenue NY rev (1m)1.31%
Revenue NY rev (3m)1.39%
Valuation
Industry RankSector Rank
PE 65.92
Fwd PE 48.65
P/S 10.22
P/FCF N/A
P/OCF 24.1
P/B 6.66
P/tB 13.75
EV/EBITDA 27.85
EPS(TTM)14.55
EY1.52%
EPS(NY)19.72
Fwd EY2.06%
FCF(TTM)-4.07
FCFYN/A
OCF(TTM)39.81
OCFY4.15%
SpS93.81
BVpS144.08
TBVpS69.78
PEG (NY)1.86
PEG (5Y)2.34
Graham Number217.18
Profitability
Industry RankSector Rank
ROA 3.36%
ROE 9.54%
ROCE 5.42%
ROIC 4.69%
ROICexc 5.15%
ROICexgc 6.61%
OM 21.33%
PM (TTM) 14.65%
GM 51.09%
FCFM N/A
ROA(3y)2.88%
ROA(5y)2.55%
ROE(3y)7.77%
ROE(5y)6.81%
ROIC(3y)4.45%
ROIC(5y)4.15%
ROICexc(3y)4.91%
ROICexc(5y)4.53%
ROICexgc(3y)6.51%
ROICexgc(5y)6.14%
ROCE(3y)5.15%
ROCE(5y)4.8%
ROICexgc growth 3Y5.63%
ROICexgc growth 5Y1.51%
ROICexc growth 3Y8.71%
ROICexc growth 5Y4.53%
OM growth 3Y8.1%
OM growth 5Y2.79%
PM growth 3Y14.74%
PM growth 5Y18.9%
GM growth 3Y1.86%
GM growth 5Y0.94%
F-Score5
Asset Turnover0.23
Health
Industry RankSector Rank
Debt/Equity 1.4
Debt/FCF N/A
Debt/EBITDA 4.91
Cap/Depr 208.66%
Cap/Sales 46.77%
Interest Coverage 4.39
Cash Conversion 97%
Profit Quality N/A
Current Ratio 1.32
Quick Ratio 1.32
Altman-Z 2.43
F-Score5
WACC7.71%
ROIC/WACC0.61
Cap/Depr(3y)170.67%
Cap/Depr(5y)161.86%
Cap/Sales(3y)38.59%
Cap/Sales(5y)37.72%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)29.1%
EPS 3Y23.74%
EPS 5Y28.15%
EPS Q2Q%29.07%
EPS Next Y35.51%
EPS Next 2Y13.24%
EPS Next 3Y12.61%
EPS Next 5Y12.54%
Revenue 1Y (TTM)5.36%
Revenue growth 3Y8.27%
Revenue growth 5Y8.97%
Sales Q2Q%7.03%
Revenue Next Year10.2%
Revenue Next 2Y9.54%
Revenue Next 3Y9.32%
Revenue Next 5Y9.88%
EBIT growth 1Y21.06%
EBIT growth 3Y17.04%
EBIT growth 5Y12.02%
EBIT Next Year159.78%
EBIT Next 3Y46.21%
EBIT Next 5Y31.48%
FCF growth 1Y-318.58%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y20.38%
OCF growth 3Y9.69%
OCF growth 5Y11.11%

EQUINIX INC / EQIX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of EQUINIX INC (EQIX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to EQIX.


Can you provide the valuation status for EQUINIX INC?

ChartMill assigns a valuation rating of 1 / 10 to EQUINIX INC (EQIX). This can be considered as Overvalued.


Can you provide the profitability details for EQUINIX INC?

EQUINIX INC (EQIX) has a profitability rating of 6 / 10.


Can you provide the PE and PB ratios for EQIX stock?

The Price/Earnings (PE) ratio for EQUINIX INC (EQIX) is 65.92 and the Price/Book (PB) ratio is 6.66.


How financially healthy is EQUINIX INC?

The financial health rating of EQUINIX INC (EQIX) is 4 / 10.