Equinix Inc. (EQIX)
Real Estate · NASDAQ · US
Fundamentals
Valuation and ratings
Equinix Inc. trades at $1,009.14, which is 45% above the $558.63 our discounted cash flow model puts on the business. On that measure it screens as expensive, which is not the same as saying it will fall.
Our moat model scores it 63 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 72.4 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
About Equinix Inc.
Equinix, Inc. shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet. Equinix connects economies, countries, organizations and communities, delivering seamless digital experiences and cutting-edge AI quickly, efficiently and everywhere. Equinix, Inc. was established on June 22, 1998 and is based in Redwood City, United States.
EQIX passes 1 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Smart money ownership
18 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Philippe Laffont, COATUE MANAGEMENT LLC$1.07B · 3.7% of book
- Capital Research Global, Capital Research Global Investors$573.24M · 0.1% of book
- Steve Cohen, Point72 Asset Management, L.P.$524.23M · 0.7% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$443.33M · 0.4% of book
- Ken Griffin, CITADEL ADVISORS LLC$357.10M · 0.1% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Equinix Inc. (EQIX) undervalued?
Against our discounted cash flow estimate of $558.63, EQIX at $1,009.14 is 45% above fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own EQIX?
18 of the institutions we track reported a position in EQIX in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is EQIX's P/E ratio?
EQIX trades at 72.4 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
The full research page for EQIX, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.