Equinix, Inc. — Intrinsic Value & Fair Price

EQIX

NASDAQReal EstateREIT - SpecialtyCIK 0001101239equinix.comAbout EQIX

Last close · Oct 16, 2026985.98−10.28 (−1.03%)

Market cap$97.3B

Model value · P/Cash FFO · own history

1,034.07

Equinix closed at $985.98 — undervalued by 5% vs model.

939.46the model's range1,106.59

P/Cash FFO · own history leads for a REIT. From its own five-year median price to Cash FFO.

Other models

249.02 – 1,451.08

Wall St. target

1,263.00 22% below

Below model, 1y

4 of 20 days

Price and model value

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What the marks mean

Daily close

Valuation models

price $985.98 · as of Oct 17, 2026

P/Cash FFO · own historyused939.46 – 1,106.591,034.075% undervalued P/E · peers668.32 – 873.10770.7128% overvalued P/E · own history1,234.05 – 1,657.131,451.0832% undervalued PEG—249.02296% overvalued EV/EBITDA · peers533.05 – 958.40776.5827% overvalued EV/Revenue · peers496.05 – 4,294.281,140.5314% undervalued Dividend discount301.54 – 713.12437.54125% overvalued Wall St. consensus target—1,263.0022% below Cost of capital (WACC)—8.42%—

P/Cash FFO · own history leads for a REIT. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026

Yield, trailing 12 months

2.05%

Past 2 years

low 1.72%high 2.58%

Dividends per share, a year at a time

Dividends / FFO, FY2025: 54.6%
Raised: 10 years in a row
Growth, 5 yrs: 12.3% a year
Last change: +10.0% · Feb 2026

Every payment, with ex-dates · latest $5.16, paid Sep 16, 2026

Research on EQIX

No posts on EQIX yet.

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How it is valued

Valued asREIT

Low/slowing growth (~6% recent)Moderate margins (15% net margin)Pays dividendsModerately volatile earningsNegative free cash flow

What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for REITs

Price / Cash FFO

—

Dividend yield, TTM

2.05%

Dividends / Cash FFO

—

Debt / assets

56.6%

Price / book

6.8×

Revenue growth

5.4%

Full financials

Superinvestors

13F · Q2 2026

Christopher DavisDavis Selected Advisers$20.1M DruckenmillerDuquesne Family Office LLC$19.2M BridgewaterBridgewater Associates, LP$10.4M First EagleFirst Eagle Investment Management, LLC$567,060

All 4 holders

Analyst actions

third-party, quoted

09-21Redburn Partners · target1,261.00

09-10BTIG · target1,240.00

09-08Barclays · target1,135.00

04-07Scotiabank · “Sector Perform” from “Sector Outperform”downgrade

Ratings, targets and estimates

Recent

filings, insider trades and key news

09-04Form 4 · SPaladin Michael Shane · 307 sh@ 1,035.01 09-02Form 4 · SPaladin Michael Shane · 53 sh@ 1,008.02 09-02Form 4 · SPaladin Michael Shane · 150 sh@ 1,018.43 09-01Form 4 · MPaladin Michael Shane · 510 sh@ 0.00 09-01Form 4 · MPaladin Michael Shane · 510 sh@ 0.00 08-068-K · 8.01Other Events

88 filings · 40 insider transactions

Comparable companies

by business, not by industry label

DLRDigital Realty AMTAmerican Tower IRMIron Mountain CCICrown Castle SBACSBA Communications

3 more companies list EQIX as a comparable

PLDPrologis NBISNebius Group CRWVCoreWeave

Side by side:vs DLR

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just EQIX. No account.

About Equinix

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.

CEO: Adaire Rita Fox-Martin
Headquarters: Redwood City, CA
Employees: 13,716
IPO: 2000-08-11

Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.