EQIX Stock Analysis: Equinix | NASDAQ
REIT - Specialty | NASDAQ, USA | Market Cap: 100.246m USD | 12M Return: 30.1% | US29444U7000 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 636M
EPS Trend: 89.5%
Qual. Beats: 2
Rev. Trend: 98.5%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Equinix, Inc. (NASDAQ: EQIX) is a global digital infrastructure company headquartered in Redwood City, California, founded in 1998 and publicly listed since 2000. The company operates an extensive network of data centers and interconnected ecosystems that enable enterprises to deploy digital services, including AI workloads, across geographies with low-latency connectivity. Equinix is classified as a Data Center REIT under the GICS Real Estate sector, meaning it operates under a real estate investment trust structure that leases data center capacity, power, and interconnection services to businesses, cloud providers, and networks worldwide.
- AI-driven data center demand fuels Equinixs hyperscale leasing growth
- Interest rate sensitivity pressures data center REIT valuations and capex
- Cross-connect and interconnection revenue expands as enterprises migrate to hybrid cloud
| Net Income: 1.65b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.03 > 0.02 and ΔFCF/TA 2.93 > 1.0 |
| NWC/Revenue: 12.94% < 20% (prev 20.94%; Δ -8.00% < -1%) |
| CFO/TA 0.09 > 3% & CFO 4.17b > Net Income 1.65b |
| Net Debt (26.6b) to EBITDA (4.68b): 5.68 < 3 |
| Current Ratio: 1.29 > 1.5 & < 3 |
| Outstanding Shares: last quarter (99.3m) vs 12m ago 1.12% < -2% |
| Gross Margin: 51.69% > 18% (prev 50.25%; Δ 1.43% > 0.5%) |
| Asset Turnover: 24.44% > 50% (prev 23.80%; Δ 0.64% > 0%) |
| Interest Coverage Ratio: 4.04 > 6 (EBIT TTM 2.48b / Interest Expense TTM 613.0m) |
| A: 0.03 (Total Current Assets 5.76b - Total Current Liabilities 4.45b) / Total Assets 44.4b |
| B: 0.17 (Retained Earnings 7.48b / Total Assets 44.4b) |
| C: 0.06 (EBIT TTM 2.48b / Avg Total Assets 41.3b) |
| D: 0.49 (Book Value of Equity 14.5b / Total Liabilities 29.9b) |
| Altman-Z'' = 1.66 = BB |
| DSRI: 0.94 (Receivables 1.20b/1.14b, Revenue 10.1b/9.06b) |
| GMI: 0.97 (GM 50.25% / 51.69%) |
| AQI: 0.97 (AQ_t 0.25 / AQ_t-1 0.26) |
| SGI: 1.11 (Revenue 10.1b / 9.06b) |
| TATA: -0.06 (NI 1.65b - CFO 4.17b) / TA 44.4b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of November 10, 2026, the stock is trading at USD 1054.50 with a total of 836,290 shares traded. Over the past week, the price has changed by +6.12%, over one month by +2.77%, over three months by +1.55% and over the past year by +30.06%.
Current recommended Stop Loss: 1007.00 (which is 4.5% or 1.3 ATR below the current price).
Equinix has received a consensus analysts rating of 4.54. Therefore, it is recommended to buy EQIX.
- StrongBuy: 24
- Buy: 6
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 1234.9 | 17.1% |
P/E Trailing = 60.8234
P/E Forward = 50.2513
P/S = 9.8794
P/B = 6.896
P/EG = 3.005
Revenue TTM = 10.1b USD
EBIT TTM = 2.48b USD
EBITDA TTM = 4.68b USD
Long Term Debt = 21.0b USD (from longTermDebt, last quarter)
Short Term Debt = 2.01b USD (from shortTermDebt, last quarter)
Debt = 30.2b USD (from shortLongTermDebtTotal, last quarter) + Leases 3.76b
Net Debt = 26.6b USD (calculated: Debt 30.2b - CCE 3.60b)
Enterprise Value = 127b USD (100b + Debt 30.2b - CCE 3.60b)
Interest Coverage Ratio = 4.04 (Ebit TTM 2.48b / Interest Expense TTM 613.0m)
EV/FCF = 108.7x (Enterprise Value 127b / FCF TTM 1.17b)
FCF Yield = 0.92% (FCF TTM 1.17b / Enterprise Value 127b)
FCF Margin = 11.58% (FCF TTM 1.17b / Revenue TTM 10.1b)
Net Margin = 16.35% (Net Income TTM 1.65b / Revenue TTM 10.1b)
Gross Margin = 51.69% ((Revenue TTM 10.1b - Cost of Revenue TTM 4.87b) / Revenue TTM)
Gross Margin QoQ = 51.11% (prev 53.14%)
Tobins Q-Ratio = 2.85 (Enterprise Value 127b / Total Assets 44.4b)
Interest Expense / Debt = 2.03% (Interest Expense 613.0m / Debt 30.2b)
Taxrate = 10.74% (198.0m / 1.84b)
NOPAT = 2.21b (EBIT 2.48b * (1 - 10.74%))
Current Ratio = 1.29 (Total Current Assets 5.76b / Total Current Liabilities 4.45b)
Debt / Equity = 2.08 (Debt 30.2b / totalStockholderEquity, last quarter 14.5b)
Debt / EBITDA = 5.68 (Net Debt 26.6b / EBITDA 4.68b)
Debt / FCF = 22.77 (Net Debt 26.6b / FCF TTM 1.17b)
Total Stockholder Equity = 14.3b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.99% (Net Income 1.65b / Total Assets 44.4b)
RoE = 11.49% (Net Income TTM 1.65b / Total Stockholder Equity 14.3b)
RoCE = 7.01% (EBIT 2.48b / Capital Employed (Equity 14.3b + L.T.Debt 21.0b))
RoIC = 5.33% (NOPAT 2.21b / Invested Capital 41.5b)
WACC = 6.25% (E(100b)/V(130b) * Re(7.58%) + D(30.2b)/V(130b) * Rd(2.03%) * (1-Tc(0.11)))
Discount Rate = 7.58% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 94.77 | Cagr: 1.90%
[DCF] Terminal Value 75.44% ; FCFF base≈1.17b ; Y1≈1.17b ; Y5≈1.24b
[DCF] Fair Price = N/A (negative equity: EV 19.3b - Net Debt 26.6b = -7.27b; debt exceeds intrinsic value)
EPS Correlation: 89.54 | EPS CAGR: 40.01% | SUE: 3.73 | # QB: 2
Revenue Correlation: 98.55 | Revenue CAGR: 7.32% | SUE: 0.29 | # QB: 0
EPS current Quarter (2027-03-31): EPS=5.29 | Chg30d=+15.88% | Revisions=+29% | Analysts=3
EPS current Year (2026-12-31): EPS=18.74 | Chg30d=+4.82% | Revisions=+50% | GrowthEPS=+27.8% | GrowthRev=+12.3%
EPS next Year (2027-12-31): EPS=20.70 | Chg30d=+11.14% | Revisions=+50% | GrowthEPS=+10.4% | GrowthRev=+11.3%
[Analyst] Revisions Ratio: +59% (up=12, down=2)