Equinix Inc

Company Profile

Equinix Inc had its IPO on 2000-08-11 under the ticker symbol EQIX.

The company operates in the Real Estate sector and REIT-Specialty industry. Equinix Inc has a staff strength of 12,097 employees.

Stock update

Shares of Equinix Inc opened at $704.32 at the start of the last trading session i.e. 2023-03-19.

The stocks traded within a range of $690.01 - $707.05, and closed at $690.85.

This is a -1.67% slip from the previous day's closing price.

A total volume of 841,400 shares were traded at the close of the day’s session.

In the last one week, shares of Equinix Inc have increased by +1.17%.

Equinix Inc's Key Ratios

Equinix Inc has a market cap of $65.19 billion, indicating a price to book ratio of 5.8357 and a price to sales ratio of 9.6788.

In the last 12-months Equinix Inc’s revenue was $6.72 billion with a gross profit of $2.97 billion and an EBITDA of $2.43 billion. The EBITDA ratio measures Equinix Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Equinix Inc’s operating margin was 10.21% while its return on assets stood at 1.47% with a return of equity of 6.29%.

In Q4, Equinix Inc’s quarterly earnings growth was a positive 2.4% while revenue growth was a positive 7.1%.

Equinix Inc’s PE and PEG Ratio

Forward PE

72.4638

Trailing PE

90.9013

PEG

3.3281

Its diluted EPS in the last 12-months stands at $7.6 per share while it has a forward price to earnings multiple of 72.4638 and a PEG multiple of 3.3281. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Equinix Inc’s profitability.

Equinix Inc stock is trading at a EV to sales ratio of 11.0749 and a EV to EBITDA ratio of 27.26. Its price to sales ratio in the trailing 12-months stood at 9.6788.

Equinix Inc stock pays annual dividends of $12.4 per share, indicating a yield of 1.96% and a payout ratio of 1.65%.

Balance sheet and cash flow metrics

Total Assets

$30.31 billion

Total Liabilities

$1.84 billion

Operating Cash Flow

$-1071526000.00

Capital Expenditure

$827.93 million

Dividend Payout Ratio

1.65%

Equinix Inc ended 2023 with $30.31 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $30.31 billion while shareholder equity stood at $11.51 billion.

Equinix Inc ended 2023 with $0 in deferred long-term liabilities, $1.84 billion in other current liabilities, 93000.00 in common stock, $2.96 billion in retained earnings and $5.65 billion in goodwill. Its cash balance stood at $1.91 billion and cash and short-term investments were $1.91 billion. The company’s total short-term debt was $290,958,000 while long-term debt stood at $12.75 billion.

Equinix Inc’s total current assets stands at $3.31 billion while long-term investments were $348.15 million and short-term investments were $0. Its net receivables were $855.38 million compared to accounts payable of $1.00 billion and inventory worth $0.

In 2023, Equinix Inc's operating cash flow was $-1071526000.00 while its capital expenditure stood at $827.93 million.

Comparatively, Equinix Inc paid $0.02 in dividends in 2023.

Other key metrics

Current Trading Price

$690.85

52-Week High

$761.843

52-Week Low

$490.1082

Analyst Target Price

$782.33

Equinix Inc stock is currently trading at $690.85 per share. It touched a 52-week high of $761.843 and a 52-week low of $761.843. Analysts tracking the stock have a 12-month average target price of $782.33.

Its 50-day moving average was $705.82 and 200-day moving average was $651.31 The short ratio stood at 3.97 indicating a short percent outstanding of 0%.

Around 34% of the company’s stock are held by insiders while 9739.2% are held by institutions.