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Equinix (REIT)

Nasdaq:EQIX
Snowflake Description

Moderate growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
EQIX
Nasdaq
$48B
Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. The last earnings update was 21 days ago. More info.


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EQIX Share Price and Events
7 Day Returns
1.8%
NasdaqGS:EQIX
1.4%
US REITs
0.5%
US Market
1 Year Returns
47.3%
NasdaqGS:EQIX
15.7%
US REITs
16.1%
US Market
EQIX Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Equinix (REIT) (EQIX) 1.8% -1.1% 2% 47.3% 64.9% 146.6%
US REITs 1.4% -2.3% 1.9% 15.7% 22.8% 23.5%
US Market 0.5% 3.9% 6.6% 16.1% 37.7% 43.7%
1 Year Return vs Industry and Market
  • EQIX outperformed the REITs industry which returned 15.7% over the past year.
  • EQIX outperformed the Market in United States of America which returned 16.1% over the past year.
Price Volatility
EQIX
Industry
5yr Volatility vs Market
Related Companies

EQIX Value

 Is Equinix (REIT) undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Equinix (REIT) to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Equinix (REIT).

NasdaqGS:EQIX Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 22 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:EQIX
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.468 (1 + (1- 21%) (25.66%))
0.707
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:EQIX using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

NasdaqGS:EQIX Discount to Share Price
Calculation Result
Value per share (USD) From above. $740.66
Current discount Discount to share price of $560.17
= -1 x ($560.17 - $740.66) / $740.66
24.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Equinix (REIT) is available for.
Intrinsic value
24%
Share price is $560.17 vs Future cash flow value of $740.66
Current Discount Checks
For Equinix (REIT) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Equinix (REIT)'s share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Equinix (REIT)'s share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Equinix (REIT)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Equinix (REIT)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:EQIX PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in USD $5.94
NasdaqGS:EQIX Share Price ** NasdaqGS (2019-11-21) in USD $560.17
United States of America REITs Industry PE Ratio Median Figure of 144 Publicly-Listed REITs Companies 38.55x
United States of America Market PE Ratio Median Figure of 2,917 Publicly-Listed Companies 18.02x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Equinix (REIT).

NasdaqGS:EQIX PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:EQIX Share Price ÷ EPS (both in USD)

= 560.17 ÷ 5.94

94.35x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinix (REIT) is overvalued based on earnings compared to the US REITs industry average.
  • Equinix (REIT) is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Equinix (REIT)'s expected growth come at a high price?
Raw Data
NasdaqGS:EQIX PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 94.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts
18.9%per year
United States of America REITs Industry PEG Ratio Median Figure of 133 Publicly-Listed REITs Companies 2.41x
United States of America Market PEG Ratio Median Figure of 2,043 Publicly-Listed Companies 1.45x

*Line of best fit is calculated by linear regression .

NasdaqGS:EQIX PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 94.35x ÷ 18.9%

4.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinix (REIT) is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Equinix (REIT)'s assets?
Raw Data
NasdaqGS:EQIX PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in USD $102.73
NasdaqGS:EQIX Share Price * NasdaqGS (2019-11-21) in USD $560.17
United States of America REITs Industry PB Ratio Median Figure of 183 Publicly-Listed REITs Companies 1.97x
United States of America Market PB Ratio Median Figure of 5,089 Publicly-Listed Companies 1.75x
NasdaqGS:EQIX PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:EQIX Share Price ÷ Book Value per Share (both in USD)

= 560.17 ÷ 102.73

5.45x

* Primary Listing of Equinix (REIT).

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinix (REIT) is overvalued based on assets compared to the US REITs industry average.
X
Value checks
We assess Equinix (REIT)'s value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Equinix (REIT) has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

EQIX Future Performance

 How is Equinix (REIT) expected to perform in the next 1 to 3 years based on estimates from 22 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Equinix (REIT) expected to grow at an attractive rate?
  • Equinix (REIT)'s earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Equinix (REIT)'s earnings growth is expected to exceed the United States of America market average.
  • Equinix (REIT)'s revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:EQIX Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:EQIX Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 22 Analysts 18.9%
NasdaqGS:EQIX Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 22 Analysts 8.8%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 7.1%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 5.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:EQIX Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:EQIX Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 7,800 3,187 1,106 4
2022-12-31 7,337 2,848 930 5
2021-12-31 6,631 2,516 796 11
2020-12-31 6,060 2,322 673 22
2019-12-31 5,559 2,084 517 17
2019-11-22
NasdaqGS:EQIX Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-09-30 5,365 2,022 492
2019-06-30 5,282 1,940 496
2019-03-31 5,219 1,936 421
2018-12-31 5,072 1,815 365
2018-09-30 5,022 1,752 321
2018-06-30 4,887 1,725 276
2018-03-31 4,635 1,493 254
2017-12-31 4,368 1,439 233
2017-09-30 4,108 1,245 231
2017-06-30 3,870 1,190 200
2017-03-31 3,717 1,162 194
2016-12-31 3,612 1,019 114

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Equinix (REIT)'s earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Equinix (REIT)'s revenue is expected to grow by 8.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:EQIX Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below

All data from Equinix (REIT) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EQIX Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 12.30 12.66 11.60 3.00
2022-12-31 10.47 10.85 10.01 3.00
2021-12-31 9.06 10.98 7.95 8.00
2020-12-31 7.80 8.91 6.86 18.00
2019-12-31 6.12 6.47 5.82 17.00
2019-11-22
NasdaqGS:EQIX Past Financials Data
Date (Data in USD Millions) EPS *
2019-09-30 5.94
2019-06-30 6.08
2019-03-31 5.23
2018-12-31 4.58
2018-09-30 4.04
2018-06-30 3.50
2018-03-31 3.23
2017-12-31 3.03
2017-09-30 3.08
2017-06-30 2.73
2017-03-31 2.72
2016-12-31 1.63

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Equinix (REIT) is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Equinix (REIT)'s future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Equinix (REIT) has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

EQIX Past Performance

  How has Equinix (REIT) performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Equinix (REIT)'s growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Equinix (REIT) has delivered over 20% year on year earnings growth in the past 5 years.
  • Equinix (REIT)'s 1-year earnings growth is less than its 5-year average (53.6% vs 53.7%)
  • Equinix (REIT)'s earnings growth has exceeded the US REITs industry average in the past year (53.6% vs 8.7%).
Earnings and Revenue History
Equinix (REIT)'s revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Equinix (REIT) Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:EQIX Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 5,364.64 492.48 1,547.95
2019-06-30 5,282.18 496.45 1,509.39
2019-03-31 5,219.00 420.54 1,482.22
2018-12-31 5,071.65 365.36 1,460.40
2018-09-30 5,022.21 320.55 1,433.87
2018-06-30 4,887.42 275.63 1,412.01
2018-03-31 4,634.78 253.81 1,380.24
2017-12-31 4,368.43 232.98 1,327.63
2017-09-30 4,107.75 231.43 1,278.54
2017-06-30 3,870.07 200.30 1,227.76
2017-03-31 3,717.36 193.80 1,171.14
2016-12-31 3,611.99 114.41 1,133.30
2016-09-30 3,377.10 61.48 1,066.23
2016-06-30 3,149.18 53.84 981.00
2016-03-31 2,926.85 74.00 905.53
2015-12-31 2,725.87 187.77 825.30
2015-09-30 2,633.53 -178.06 794.95
2015-06-30 2,567.32 -176.35 769.54
2015-03-31 2,506.90 -224.48 755.64
2014-12-31 2,443.78 -259.55 734.12
2014-09-30 2,370.33 140.74 704.92
2014-06-30 2,292.98 140.37 681.87
2014-03-31 2,216.69 103.23 643.05
2013-12-31 2,152.77 94.69 621.41
2013-09-30 2,094.15 82.98 597.92
2013-06-30 2,035.90 66.79 575.93
2013-03-31 1,960.27 125.25 555.55
2012-12-31 1,887.38 126.94 531.18

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Equinix (REIT) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Equinix (REIT) used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • Equinix (REIT)'s use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Equinix (REIT)'s performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Equinix (REIT) has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

EQIX Health

 How is Equinix (REIT)'s financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Equinix (REIT)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Equinix (REIT) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Equinix (REIT)'s long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Equinix (REIT)'s finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Equinix (REIT) Company Filings, last reported 1 month ago.

NasdaqGS:EQIX Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 8,761.03 9,421.78 1,402.40
2019-06-30 8,749.23 9,600.74 1,613.53
2019-03-31 8,424.79 9,727.42 1,633.84
2018-12-31 7,219.28 9,813.58 606.17
2018-09-30 7,160.17 9,870.10 870.49
2018-06-30 6,924.53 10,634.70 966.31
2018-03-31 7,140.55 10,330.92 2,023.81
2017-12-31 6,849.79 8,381.46 1,412.52
2017-09-30 6,542.22 9,304.98 1,599.99
2017-06-30 6,523.66 8,579.82 1,063.78
2017-03-31 6,517.84 8,484.99 4,923.26
2016-12-31 4,365.83 5,247.79 748.48
2016-09-30 4,623.71 6,219.55 987.92
2016-06-30 4,705.47 6,278.16 483.16
2016-03-31 4,819.11 6,469.46 633.76
2015-12-31 2,745.39 5,193.76 2,228.84
2015-09-30 1,488.65 4,002.09 335.47
2015-06-30 2,202.59 4,068.00 336.13
2015-03-31 2,161.73 4,056.84 536.71
2014-12-31 2,270.13 3,454.55 610.92
2014-09-30 2,597.68 3,399.59 354.18
2014-06-30 2,910.22 3,396.41 408.33
2014-03-31 2,643.97 3,796.35 495.17
2013-12-31 2,582.97 3,227.41 261.89
2013-09-30 2,554.06 3,663.43 399.74
2013-06-30 2,408.49 3,634.71 517.50
2013-03-31 2,439.15 4,363.76 685.02
2012-12-31 2,397.62 2,449.69 252.21
  • Equinix (REIT)'s level of debt (107.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (131.1% vs 107.5% today).
  • Debt is well covered by operating cash flow (21.5%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Equinix (REIT)'s financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Equinix (REIT) has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

EQIX Dividends

 What is Equinix (REIT)'s current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.76%
Current annual income from Equinix (REIT) dividends. Estimated to be 2.06% next year.
If you bought $2,000 of Equinix (REIT) shares you are expected to receive $35 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Equinix (REIT)'s pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • Equinix (REIT)'s dividend is below the markets top 25% of dividend payers in United States of America (3.65%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:EQIX Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 22 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 175 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1954 Stocks 2.3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:EQIX Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 16.14 5.00
2022-12-31 14.19 6.00
2021-12-31 12.11 11.00
2020-12-31 10.85 18.00
2019-12-31 9.86 19.00
2019-11-22
NasdaqGS:EQIX Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-10-30 9.840 1.798
2019-07-31 9.840 1.767
2019-05-01 9.840 1.979
2019-02-13 9.840 2.222
2018-11-01 9.120 2.413
2018-08-08 9.120 2.151
2018-05-02 9.120 2.197
2018-02-14 9.120 2.247
2017-11-01 8.000 1.764
2017-08-02 8.000 1.759
2017-04-26 8.000 1.847
2017-02-15 8.000 2.065
2016-11-02 7.000 1.954
2016-08-03 7.000 1.928
2016-02-18 7.000 2.042
2015-09-28 17.710 6.048
2015-07-29 6.760 2.427
2015-05-07 6.760 2.572
2015-02-19 6.760 2.850

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Equinix (REIT) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Equinix (REIT) only paid a dividend in the past 5 years.
Current Payout to shareholders
What portion of Equinix (REIT)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (143.1x coverage).
X
Income/ dividend checks
We assess Equinix (REIT)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Equinix (REIT) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Equinix (REIT) has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

EQIX Management

 What is the CEO of Equinix (REIT)'s salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Charles Meyers
COMPENSATION $11,960,430
AGE 53
TENURE AS CEO 1.2 years
CEO Bio

Mr. Charles Meyers has been President, Director and Chief Executive Officer at Equinix, Inc. since September 12, 2018 also served as its President of Strategy, Services & Innovation from August 1, 2017 to September 12, 2018. Mr. Meyers has been Group Vice President of Marketing at Level 3 Communications Inc. since December 2003. He served as Chief Operating Officer of Equinix, Inc. from August 14, 2013 to August 1, 2017. He served as President of North America at Equinix, Inc. since September 30, 2010 until August 14, 2013 and served as its President of Equinix Americas from September 2010 to August 14, 2013. Prior to Level 3 Communications, he served as Group Vice President IP and Data Services from Data Services from June 2003 to December 2003. He served as Senior Vice President Global Softswitch Services from August 2001 to 2006. Prior to that, Mr. Meyers served as a Partner/Principal at Kinetic Ventures, L.L.C. and Kinetic Ventures II, L.P. from March 2000 to May 2001. He held various positions, including group President of messaging and mobile media, and as product group executive for the security and communications portfolio, VeriSign, an internet security company now part of Symantec from 2006 to 2010. He served as Vice President of Internet Security Systems from January 1998 to February 2000. He serves as a Director of Cellular Telecommunications & Internet Association. He served as a Director of Mobile Marketing Association.

CEO Compensation
  • Charles's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Charles's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Equinix (REIT) management team in years:

1.1
Average Tenure
52.5
Average Age
  • The average tenure for the Equinix (REIT) management team is less than 2 years, this suggests a new team.
Management Team

Peter Van Camp

TITLE
Executive Chairman
COMPENSATION
$6M
AGE
63

Charles Meyers

TITLE
President
COMPENSATION
$12M
AGE
53
TENURE
1.2 yrs

Keith Taylor

TITLE
Chief Financial Officer
COMPENSATION
$6M
AGE
57
TENURE
14.2 yrs

Mike Campbell

TITLE
Chief Sales Officer
COMPENSATION
$4M
AGE
53
TENURE
3.3 yrs

Eric Schwartz

TITLE
Chief Strategy & Development Officer
COMPENSATION
$5M
AGE
52
TENURE
0.6 yrs

Karl Strohmeyer

TITLE
Chief Customer & Revenue Officer
COMPENSATION
$4M
AGE
47
TENURE
0.6 yrs

Raouf Abdel

TITLE
Executive Vice President of Global Operations
AGE
51

Simon Miller

TITLE
Chief Accounting Officer
AGE
46
TENURE
1 yrs

Justin Dustzadeh

TITLE
Chief Technology Officer
TENURE
0.2 yrs

Milind Wagle

TITLE
Senior VP & Chief Information Officer
TENURE
3 yrs
Board of Directors Tenure

Average tenure and age of the Equinix (REIT) board of directors in years:

9.6
Average Tenure
61
Average Age
  • The tenure for the Equinix (REIT) board of directors is about average.
Board of Directors

Peter Van Camp

TITLE
Executive Chairman
COMPENSATION
$6M
AGE
63
TENURE
13.9 yrs

Charles Meyers

TITLE
President
COMPENSATION
$12M
AGE
53
TENURE
1.2 yrs

Scott Kriens

TITLE
Independent Director
COMPENSATION
$335K
AGE
61
TENURE
19.3 yrs

Bud Lyons

TITLE
Independent Director
COMPENSATION
$355K
AGE
69
TENURE
12.8 yrs

Chris Paisley

TITLE
Lead Independent Director
COMPENSATION
$390K
AGE
66
TENURE
7.8 yrs

Tom Bartlett

TITLE
Independent Director
COMPENSATION
$333K
AGE
60
TENURE
6.6 yrs

Nanci Caldwell

TITLE
Independent Director
COMPENSATION
$321K
AGE
61
TENURE
3.9 yrs

Gary Hromadko

TITLE
Independent Director
COMPENSATION
$350K
AGE
66
TENURE
16.4 yrs

Bill Luby

TITLE
Independent Director
COMPENSATION
$327K
AGE
59
TENURE
9.6 yrs
Who owns this company?
Recent Insider Trading
  • Equinix (REIT) individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
29. Aug 19 Sell Karl Strohmeyer Individual 28. Aug 19 28. Aug 19 -1,896 $551.54 $-1,045,718
12. Aug 19 Sell Peter Van Camp Individual 09. Aug 19 09. Aug 19 -3,191 $552.05 $-1,754,344
06. Aug 19 Sell Simon Miller Individual 05. Aug 19 05. Aug 19 -385 $516.27 $-198,762
20. May 19 Sell Michael Campbell Individual 16. May 19 16. May 19 -1,000 $491.62 $-491,615
06. Dec 18 Sell Michael Campbell Individual 04. Dec 18 04. Dec 18 -1,500 $395.00 $-592,500
X
Management checks
We assess Equinix (REIT)'s management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Equinix (REIT) has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

EQIX News

Simply Wall St News

Should You Be Adding Equinix (REIT) (NASDAQ:EQIX) To Your Watchlist Today?

View our latest analysis for Equinix (REIT) Equinix (REIT)'s Improving Profits In the last three years Equinix (REIT)'s earnings per share took off like a rocket; fast, and from a low base. … Equinix (REIT)'s earnings have taken off like any random crypto-currency did, back in 2017. … Although Equinix (REIT) certainly looks good to me, I would like it more if insiders were buying up shares.

Simply Wall St -

There's A Lot To Like About Equinix, Inc. (REIT)'s (NASDAQ:EQIX) Upcoming 0.5% Dividend

Equinix (REIT)'s next dividend payment will be US$2.46 per share, and in the last 12 months, the company paid a total of US$9.84 per share. … Check out our latest analysis for Equinix (REIT) Dividends are typically paid from company earnings. … Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising.

Simply Wall St -

Investing In Property Through Equinix, Inc. (REIT) (NASDAQ:EQIX)

NasdaqGS:EQIX Historical Debt, July 30th 2019 Robust financial health can be measured using a common metric in the REIT investing world, FFO-to-debt. … The calculation roughly estimates how long it will take for EQIX to repay debt on its balance sheet, which gives us insight into how much risk is associated with having that level of debt on its books. … I'd strongly recommend continuing your research on the following areas I believe are key fundamentals for EQIX: Future Outlook: What are well-informed industry analysts predicting for EQIX’s future growth?

Simply Wall St -

Equinix, Inc. (REIT) (NASDAQ:EQIX): What Does The Future Look Like?

(REIT) (NASDAQ:EQIX) released its earnings in March 2019, analyst consensus outlook appear cautiously optimistic, with earnings expected to grow by 37% in the upcoming year, though this is noticeably lower than the previous 5-year average earnings growth of 45%. … I've plotted out each year's earnings expectations and inserted a line of best fit to calculate an annual growth rate from the slope in order to understand the overall trajectory of EQIX's earnings growth over these next few years. … NasdaqGS:EQIX Past and Future Earnings, July 15th 2019 By 2022, EQIX's earnings should reach US$739m, from current levels of US$365m, resulting in an annual growth rate of 18%.

Simply Wall St -

How Good Is Equinix, Inc. (REIT) (NASDAQ:EQIX), When It Comes To ROE?

The formula for ROE is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for Equinix (REIT): 5.0% = US$421m ÷ US$8.4b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does Equinix (REIT) Have A Good Return On Equity? … Combining Equinix (REIT)'s Debt And Its 5.0% Return On Equity It's worth noting the significant use of debt by Equinix (REIT), leading to its debt to equity ratio of 1.30.

Simply Wall St -

We Think Equinix (REIT) (NASDAQ:EQIX) Can Stay On Top Of Its Debt

NasdaqGS:EQIX Historical Debt, June 17th 2019 A Look At Equinix (REIT)'s Liabilities We can see from the most recent balance sheet that Equinix (REIT) had liabilities of US$1.69b falling due within a year, and liabilities of US$12.4b due beyond that. … Since Equinix (REIT) does have net debt, we think it is worthwhile for shareholders to keep an eye on the balance sheet, over time. … Our View Equinix (REIT)'s conversion of EBIT to free cash flow suggests it can handle its debt as easily as Cristiano Ronaldo could score a goal against an under 14's goalkeeper.

Simply Wall St -

Have Investors Priced In Equinix, Inc. (REIT)'s (NASDAQ:EQIX) Growth?

Equinix (REIT) is trading at price-to-earnings (PE) ratio of 92.84x, this also tells us the stock is overvalued based on current earnings compared to the REITs industry average of 32.13x , and overvalued compared to the US market average ratio of 17.14x. … NasdaqGS:EQIX Price Estimation Relative to Market, June 4th 2019 We understand EQIX seems to be overvalued based on its current earnings, compared to its industry peers. … This tells us that when we include its growth in our analysis Equinix (REIT)'s stock can be considered somewhat overvalued , based on the fundamentals.

Simply Wall St -

Equinix, Inc. (REIT) (NASDAQ:EQIX) Is Yielding 2.0% - But Is It A Buy?

Looking at the data, we can see that Equinix (REIT) has been paying a dividend for the past four years. … It's good to see Equinix (REIT) has been growing its earnings per share at 22% a year over the past 5 years. … We'd also point out that Equinix (REIT) issued a meaningful number of new shares in the past year. Trying to grow the dividend when issuing new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill. Companies that consistently issue new shares are often suboptimal from a dividend perspective. Conclusion Dividend investors should always want to know if a) a company's dividends are affordable, b) if there is a track record of consistent payments, and c) if the dividend is capable of growing.

Simply Wall St -

If You Had Bought Equinix (REIT) (NASDAQ:EQIX) Shares Five Years Ago You'd Have Made 148%

But on the bright side, if you buy shares in a high quality company at the right price, you can gain well over 100%. … (REIT) (NASDAQ:EQIX) which saw its share price drive 148% higher over five years. … By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.

Simply Wall St -

Does Equinix (REIT) (NASDAQ:EQIX) Deserve A Spot On Your Watchlist?

So if you're like me, you might be more interested in profitable, growing companies, like Equinix (REIT) (NASDAQ:EQIX). … How Quickly Is Equinix (REIT) Increasing Earnings Per Share. … Equinix (REIT) maintained stable EBIT margins over the last year, all while growing revenue 16% to US$5.1b.

Simply Wall St -

EQIX Company Info

Description

Equinix, Inc. (Nasdaq: EQIX) connects the world's leading businesses to their customers, employees and partners inside the most-interconnected data centers. On this global platform for digital business, companies come together across more than 50 markets on five continents to reach everywhere, interconnect everyone and integrate everything they need to create their digital futures.

Details
Name: Equinix, Inc. (REIT)
EQIX
Exchange: NasdaqGS
Founded: 1998
$47,770,658,446
85,278,859
Website: http://www.equinix.com
Address: Equinix, Inc. (REIT)
One Lagoon Drive,
Redwood City,
California, 94065,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS EQIX New Common Stock Nasdaq Global Select US USD 11. Aug 2000
DB EQN2 New Common Stock Deutsche Boerse AG DE EUR 11. Aug 2000
LSE 0II4 New Common Stock London Stock Exchange GB USD 11. Aug 2000
BMV EQIX * New Common Stock Bolsa Mexicana de Valores MX MXN 11. Aug 2000
BOVESPA EQIX34 BDR EACH REP 0.2 COM USD0.001 Bolsa de Valores de Sao Paulo BR BRL 13. May 2019
Number of employees
Current staff
Staff numbers
7,903
Equinix (REIT) employees.
Industry
Specialized REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/11/22 00:12
End of day share price update: 2019/11/21 00:00
Last estimates confirmation: 2019/11/20
Last earnings filing: 2019/11/01
Last earnings reported: 2019/09/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.