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Equinix Inc Stock Research

EQIX

672.60USD+9.57(+1.44%)Market Closed

Market Summary

USD672.60+9.57
Market Closed
1.44%

EQIX Alerts

EQIX Stock Price

EQIX RSI Chart

EQIX Valuation

Market Cap

62.3B

Price/Earnings (Trailing)

88.45

Price/Sales (Trailing)

8.58

EV/EBITDA

26.91

Price/Free Cashflow

21.02

EQIX Price/Sales (Trailing)

EQIX Profitability

Operating Margin

48.35%

EBT Margin

11.42%

Return on Equity

6.12%

Return on Assets

2.32%

Free Cashflow Yield

4.76%

EQIX Fundamentals

EQIX Revenue

Revenue (TTM)

7.3B

Revenue Y/Y

9.64%

Revenue Q/Q

1.64%

EQIX Earnings

Earnings (TTM)

704.3M

Earnings Y/Y

4.45%

Earnings Q/Q

-39.21%

Price Action

52 Week Range

492.49765.54
(Low)(High)

Last 7 days

-4.3%

Last 30 days

-4.3%

Last 90 days

2.3%

Trailing 12 Months

-3.6%

EQIX Financial Health

Current Ratio

1.8

Debt/Equity

1.11

Debt/Cashflow

0.23

EQIX Investor Care

Dividend Yield

1.84%

Dividend/Share (TTM)

12.4

Shares Dilution (1Y)

2.26%

Diluted EPS (TTM)

7.67

Peers (Alternatives to Equinix)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
89.8B
10.7B
-5.79% -16.07%
52.91
8.38
14.47% -33.92%
62.3B
7.3B
-4.34% -3.63%
88.45
8.58
9.46% 40.82%
54.3B
7.0B
-8.17% -26.99%
32.44
7.78
10.19% 52.83%
49.9B
4.2B
-4.69% -18.91%
11.48
11.94
22.43% 122.66%
26.8B
2.6B
-9.12% -22.12%
58.03
10.17
14.06% 94.18%
10.9B
1.7B
-4.07% -25.83%
86.7
6.32
26.61% -85.07%
MID-CAP
7.5B
1.1B
-13.40% -19.63%
19.4
6.96
12.95% 47.42%
4.2B
802.0M
-10.76% -9.22%
-332.18
5.23
114.83% 84.36%
2.5B
1.8B
-37.64% -69.18%
-7.3
1.41
13.26% -296.88%
2.0B
859.2M
-23.08% -34.08%
-30.3
2.33
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
5.30% 16.12%
22.96
4.63
3.35% 1705.32%
1.3B
826.7M
-43.31% -73.02%
-17.18
1.62
-2.04% -117.36%
1.0B
190.3M
-5.57% -5.31%
11.05
5.35
12.08% 1950.56%
868.4M
740.4M
-27.62% -62.25%
-23.86
1.17
1.87% -78.85%

Financials for Equinix

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.3%7,2637,0996,9336,7746,636
Cost Of Revenue1.6%3,7523,6913,6423,5773,472
  S&GA Expenses2.3%787769759751741
Costs and Expenses2.2%6,0635,9315,8165,6965,527
EBITDA1.4%2,7172,6812,6172,624-
EBITDA Margin-0.9%0.37*0.38*0.41*0.39*-
Earnings Before Taxes1.6%829817776601609
EBT Margin-0.7%0.11*0.12*0.11*0.09*-
Interest Expenses4.1%356342330326336
Net Income0.8%704699639492500
Net Income Margin-1.5%0.10*0.10*0.09*0.07*-
Free Cahsflow-4.3%2,9633,0952,9402,737-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets3.4%30,31129,32629,03828,02327,919
  Current Assets-17.7%3,3054,0173,2903,0632,957
    Cash Equivalents-23.8%1,9062,5011,8911,6951,536
  Net PPE10.0%16,65015,14115,45515,51315,446
  Goodwill4.8%5,6545,3945,5851115,372
Liabilities3.5%18,80518,17218,40917,08017,037
  Current Liabilities8.4%1,8381,6961,6091,6071,606
  Long Term Debt-1.2%12,73812,89411,79211,722-
Shareholder's Equity3.2%11,50611,15410,63010,94310,882
  Retained Earnings4.5%2,9652,8362,6242,4082,260
  Additional Paid-In Capital0.7%17,32017,19416,25916,14515,985
Shares Outstanding0.1%93.0093.0091.0091.0091.00
Minority Interest53.1%-0.13-0.29-0.19-0.07-0.32
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-4.3%2,9633,0952,9402,7372,547
  Share Based Compensation2.8%404393386375364
Cashflow From Investing-8.1%-3,362-3,112-3,270-2,629-3,006
Cashflow From Financing-32.8%8571,275520-167414
  Dividend Payments2.5%1,1511,1231,0951,0701,043

Risks for EQIX

What is the probability of a big loss on EQIX?

81.5%


Probability that Equinix stock will be more than 20% underwater in next one year

10%


Probability that Equinix stock will be more than 30% underwater in next one year.

0%


Probability that Equinix stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EQIX drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Equinix was unfortunately bought at previous high price.

Drawdowns

Returns for EQIX

Cumulative Returns on EQIX

14.6%


10-Year Cumulative Returns

13.2%


7-Year Cumulative Returns

12.8%


5-Year Cumulative Returns

12.9%


3-Year Cumulative Returns

What are the long-term rolling returns for EQIX?

FIve years rolling returns for Equinix.

Annualized Returns

Which funds bought or sold EQIX recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-7.54
120,661
2,008,660
0.06%
2023-03-10
MATHER GROUP, LLC.
added
116
425,070
709,070
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
51.25
14,235,100
33,428,100
0.04%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-9.74
1,239,000
32,758,000
0.16%
2023-03-03
TIAA, FSB
reduced
-79.95
-1,464,480
439,525
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
746,079
746,079
0.01%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
unchanged
-
895
5,895
-%
2023-03-01
SMITHBRIDGE ASSET MANAGEMENT INC/DE
new
-
545,000
545,000
0.14%
2023-02-28
CYPRESS ASSET MANAGEMENT INC/TX
new
-
212,230
212,230
0.08%
2023-02-28
Voya Investment Management LLC
reduced
-1.86
5,029,950
43,702,900
0.06%

1–10 of 48

Latest Funds Activity

Are funds buying EQIX calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own EQIX
No. of Funds

Equinix News

MarketWatch

VeriSign Inc. stock outperforms market on strong trading day.

MarketWatch,
34 minutes ago

Investing.com UK

Nasdaq

InvestorsObserver

Schedule 13G FIlings of Equinix

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
13.14%
12,164,040
SC 13G/A
Feb 03, 2023
state street corp
6.58%
6,091,600
SC 13G/A
Jan 26, 2023
blackrock inc.
10.2%
9,418,787
SC 13G/A
Jan 20, 2023
blackrock inc.
10.2%
9,418,787
SC 13G/A
Feb 10, 2022
state street corp
5.49%
4,947,426
SC 13G
Feb 03, 2022
blackrock inc.
9.9%
8,928,856
SC 13G/A
Feb 10, 2021
vanguard group inc
12.61%
11,234,959
SC 13G/A
Jan 29, 2021
blackrock inc.
7.7%
6,829,117
SC 13G/A
Feb 11, 2020
vanguard group inc
13.11%
11,183,560
SC 13G/A
Feb 05, 2020
blackrock inc.
7.7%
6,543,964
SC 13G/A

EQIX Fair Value

Equinix fair value in different scenarios

The table shows the Fair Value estimates for Equinix for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

116.07

-82.74%

137.74

-79.52%

171.95

-74.44%

224.94

-66.56%

281.32

-58.17%
Current Inflation

108.11

-83.93%

126.45

-81.20%

154.87

-76.97%

199.27

-70.37%

246.42

-63.36%
Very High Inflation

98.31

-85.38%

112.83

-83.22%

134.75

-79.97%

169.51

-74.80%

206.37

-69.32%

Historical Equinix Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Equinix

View All Filings
Date Filed Form Type Document
Mar 13, 2023
8-K
Current Report
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading
Mar 10, 2023
4
Insider Trading

Latest Insider Trading transactions for EQIX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-09
TAYLOR KEITH D
sold
-934,958
688
-1,358
chief financial officer
2023-03-09
Lin Jonathan
sold
-475,424
690
-689
evp, gm, data center services
2023-03-09
MORANDI BRANDI GALVIN
sold
-774,226
688
-1,125
chief legal and hr officer
2023-03-09
Crenshaw Scott
sold
-99,775
688
-145
evp, gm digital services
2023-03-09
Campbell Michael Earl
sold
-593,127
688
-861
chief sales officer
2023-03-09
Meyers Charles J
sold
-1,967,680
688
-2,859
ceo and president
2023-03-09
Miller Simon
sold
-281,535
690
-408
chief accounting officer
2023-03-09
VAN CAMP PETER
sold
-374,359
688
-544
executive chairman
2023-03-09
STROHMEYER KARL
sold
-792,970
688
-1,152
chief customer & rev officer
2023-03-08
Miller Simon
acquired
-
-
408
chief accounting officer

1–10 of 50

Charles J. Meyers
10900
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.

EQIX Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Revenues$ 7,263,105$ 6,635,537$ 5,998,545
Costs and operating expenses:   
Cost of revenues3,751,5013,472,4223,074,340
Sales and marketing786,560741,232718,356
General and administrative1,498,7011,301,7971,090,981
Transaction costs21,83922,76955,935
Impairment charges007,306
(Gain) loss on asset sales3,976(10,845)(1,301)
Total costs and operating expenses6,062,5775,527,3754,945,617
Income from operations1,200,5281,108,1621,052,928
Interest income36,2682,6448,654
Interest expense(356,337)(336,082)(406,466)
Other income (expense)(51,417)(50,647)6,913
Gain (loss) on debt extinguishment327(115,125)(145,804)
Income before income taxes829,369608,952516,225
Income tax expense(124,792)(109,224)(146,151)
Net income704,577499,728370,074
Net (income) loss attributable to non-controlling interests(232)463(297)
Net income attributable to Equinix$ 704,345$ 500,191$ 369,777
Earnings per share ("EPS") attributable to Equinix:   
Basic EPS (in dollars per share)$ 7.69$ 5.57$ 4.22
Weighted-average shares for basic EPS (in shares)91,56989,77287,700
Diluted EPS (in dollars per share)$ 7.67$ 5.53$ 4.18
Weighted-average shares for diluted EPS (in shares)91,82890,40988,410

EQIX Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 1,906,421$ 1,536,358
Accounts receivable, net of allowance of $12,225 and $11,635855,380681,809
Other current assets459,138462,739
Assets held for sale84,316276,195
Total current assets3,305,2552,957,101
Property, plant and equipment, net16,649,53415,445,775
Operating lease right-of-use assets1,427,9501,282,418
Goodwill5,654,2175,372,071
Intangible assets, net1,897,6491,935,267
Other assets1,376,137926,066
Total assets30,310,74227,918,698
Current liabilities:  
Accounts payable and accrued expenses1,004,800879,144
Accrued property, plant and equipment281,347187,334
Current portion of operating lease liabilities139,538144,029
Current portion of finance lease liabilities151,420147,841
Current portion of mortgage and loans payable9,84733,087
Other current liabilities251,346214,519
Total current liabilities1,838,2981,605,954
Operating lease liabilities, less current portion1,272,8121,107,180
Finance lease liabilities, less current portion2,143,6901,989,668
Mortgage and loans payable, less current portion642,708586,577
Senior notes, less current portion12,109,53910,984,144
Other liabilities797,863763,411
Total liabilities18,804,91017,036,934
Commitments and contingencies (Note 15)
Equinix stockholders' equity:  
Preferred stock, $0.001 par value per share: 100,000,000 shares authorized in 2022 and 2021; zero shares issued and outstanding00
Common stock, $0.001 par value per share: 300,000,000 shares authorized in 2022 and 2021; 92,813,976 issued and 92,620,703 outstanding in 2022 and 90,872,826 issued and 90,571,406 outstanding in 20219391
Additional paid-in capital17,320,01715,984,597
Treasury stock, at cost; 193,273 shares in 2022 and 301,420 shares in 2021(71,966)(112,208)
Accumulated dividends(7,317,570)(6,165,140)
Accumulated other comprehensive loss(1,389,446)(1,085,751)
Retained earnings2,964,8382,260,493
Total Equinix stockholders' equity11,505,96610,882,082
Non-controlling interests(134)(318)
Total stockholders' equity11,505,83210,881,764
Total liabilities and stockholders' equity$ 30,310,742$ 27,918,698