Intrinsic value of Equinix, Inc. - EQIX

Previous Close

$444.10

  Intrinsic Value

$114.45

stock screener

  Rating & Target

str. sell

-74%

Previous close

$444.10

 
Intrinsic value

$114.45

 
Up/down potential

-74%

 
Rating

str. sell

Our model is not good at valuating stocks of financial companies, such as EQIX.

We calculate the intrinsic value of EQIX stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 37.2

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  9.20
  8.78
  8.40
  8.06
  7.76
  7.48
  7.23
  7.01
  6.81
  6.63
  6.46
  6.32
  6.19
  6.07
  5.96
  5.86
  5.78
  5.70
  5.63
  5.57
  5.51
  5.46
  5.41
  5.37
  5.34
  5.30
  5.27
  5.24
  5.22
  5.20
Revenue, $m
  5,539
  6,025
  6,531
  7,058
  7,605
  8,174
  8,765
  9,379
  10,018
  10,682
  11,372
  12,091
  12,839
  13,618
  14,430
  15,276
  16,158
  17,080
  18,041
  19,046
  20,095
  21,192
  22,340
  23,540
  24,795
  26,110
  27,486
  28,928
  30,438
  32,020
Variable operating expenses, $m
  4,108
  4,372
  4,646
  4,932
  5,229
  5,538
  5,859
  6,192
  6,538
  6,899
  6,171
  6,561
  6,966
  7,389
  7,830
  8,289
  8,768
  9,268
  9,789
  10,334
  10,904
  11,499
  12,122
  12,773
  13,454
  14,168
  14,914
  15,697
  16,516
  17,374
Fixed operating expenses, $m
  248
  254
  259
  265
  271
  277
  283
  289
  296
  302
  309
  316
  322
  330
  337
  344
  352
  360
  367
  376
  384
  392
  401
  410
  419
  428
  437
  447
  457
  467
Total operating expenses, $m
  4,356
  4,626
  4,905
  5,197
  5,500
  5,815
  6,142
  6,481
  6,834
  7,201
  6,480
  6,877
  7,288
  7,719
  8,167
  8,633
  9,120
  9,628
  10,156
  10,710
  11,288
  11,891
  12,523
  13,183
  13,873
  14,596
  15,351
  16,144
  16,973
  17,841
Operating income, $m
  1,182
  1,399
  1,625
  1,860
  2,105
  2,359
  2,623
  2,898
  3,184
  3,481
  4,893
  5,215
  5,550
  5,899
  6,263
  6,643
  7,039
  7,452
  7,884
  8,336
  8,808
  9,301
  9,817
  10,357
  10,923
  11,515
  12,135
  12,784
  13,465
  14,179
EBITDA, $m
  3,354
  3,664
  3,988
  4,325
  4,675
  5,039
  5,417
  5,810
  6,219
  6,644
  7,087
  7,547
  8,027
  8,526
  9,047
  9,590
  10,156
  10,748
  11,365
  12,010
  12,684
  13,389
  14,127
  14,899
  15,706
  16,552
  17,438
  18,365
  19,337
  20,356
Interest expense (income), $m
  0
  612
  675
  742
  812
  885
  961
  1,039
  1,121
  1,206
  1,294
  1,386
  1,482
  1,581
  1,685
  1,792
  1,905
  2,022
  2,144
  2,271
  2,404
  2,543
  2,688
  2,840
  2,999
  3,165
  3,339
  3,521
  3,711
  3,910
  4,119
Earnings before tax, $m
  570
  725
  883
  1,048
  1,220
  1,399
  1,584
  1,777
  1,978
  2,187
  3,507
  3,733
  3,969
  4,214
  4,471
  4,738
  5,017
  5,309
  5,613
  5,931
  6,264
  6,612
  6,977
  7,358
  7,758
  8,176
  8,614
  9,073
  9,555
  10,060
Tax expense, $m
  154
  196
  238
  283
  329
  378
  428
  480
  534
  590
  947
  1,008
  1,072
  1,138
  1,207
  1,279
  1,355
  1,433
  1,516
  1,601
  1,691
  1,785
  1,884
  1,987
  2,095
  2,207
  2,326
  2,450
  2,580
  2,716
Net income, $m
  416
  529
  645
  765
  891
  1,021
  1,156
  1,297
  1,444
  1,596
  2,560
  2,725
  2,897
  3,077
  3,264
  3,459
  3,663
  3,875
  4,098
  4,330
  4,573
  4,827
  5,093
  5,371
  5,663
  5,968
  6,288
  6,624
  6,975
  7,343

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  22,066
  24,004
  26,020
  28,118
  30,299
  32,565
  34,920
  37,368
  39,912
  42,557
  45,308
  48,171
  51,150
  54,254
  57,488
  60,860
  64,376
  68,046
  71,877
  75,879
  80,060
  84,431
  89,002
  93,783
  98,787
  104,024
  109,507
  115,250
  121,266
  127,569
Adjusted assets (=assets-cash), $m
  22,066
  24,004
  26,020
  28,118
  30,299
  32,565
  34,920
  37,368
  39,912
  42,557
  45,308
  48,171
  51,150
  54,254
  57,488
  60,860
  64,376
  68,046
  71,877
  75,879
  80,060
  84,431
  89,002
  93,783
  98,787
  104,024
  109,507
  115,250
  121,266
  127,569
Revenue / Adjusted assets
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
  0.251
Average production assets, $m
  14,960
  16,273
  17,641
  19,063
  20,541
  22,078
  23,674
  25,334
  27,058
  28,852
  30,717
  32,657
  34,678
  36,782
  38,974
  41,260
  43,644
  46,132
  48,729
  51,442
  54,277
  57,240
  60,339
  63,581
  66,973
  70,523
  74,241
  78,134
  82,212
  86,486
Working capital, $m
  -172
  -187
  -202
  -219
  -236
  -253
  -272
  -291
  -311
  -331
  -353
  -375
  -398
  -422
  -447
  -474
  -501
  -529
  -559
  -590
  -623
  -657
  -693
  -730
  -769
  -809
  -852
  -897
  -944
  -993
Total debt, $m
  12,496
  13,741
  15,038
  16,387
  17,789
  19,247
  20,761
  22,335
  23,970
  25,671
  27,440
  29,281
  31,197
  33,193
  35,272
  37,440
  39,701
  42,061
  44,524
  47,097
  49,786
  52,596
  55,535
  58,610
  61,827
  65,195
  68,720
  72,413
  76,281
  80,334
Total liabilities, $m
  14,189
  15,434
  16,731
  18,080
  19,482
  20,939
  22,454
  24,028
  25,663
  27,364
  29,133
  30,974
  32,890
  34,885
  36,965
  39,133
  41,394
  43,754
  46,217
  48,790
  51,479
  54,289
  57,228
  60,303
  63,520
  66,887
  70,413
  74,106
  77,974
  82,027
Total equity, $m
  7,878
  8,569
  9,289
  10,038
  10,817
  11,626
  12,467
  13,340
  14,249
  15,193
  16,175
  17,197
  18,261
  19,369
  20,523
  21,727
  22,982
  24,292
  25,660
  27,089
  28,582
  30,142
  31,774
  33,481
  35,267
  37,137
  39,094
  41,144
  43,292
  45,542
Total liabilities and equity, $m
  22,067
  24,003
  26,020
  28,118
  30,299
  32,565
  34,921
  37,368
  39,912
  42,557
  45,308
  48,171
  51,151
  54,254
  57,488
  60,860
  64,376
  68,046
  71,877
  75,879
  80,061
  84,431
  89,002
  93,784
  98,787
  104,024
  109,507
  115,250
  121,266
  127,569
Debt-to-equity ratio
  1.590
  1.600
  1.620
  1.630
  1.640
  1.660
  1.670
  1.670
  1.680
  1.690
  1.700
  1.700
  1.710
  1.710
  1.720
  1.720
  1.730
  1.730
  1.740
  1.740
  1.740
  1.740
  1.750
  1.750
  1.750
  1.760
  1.760
  1.760
  1.760
  1.760
Adjusted equity ratio
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357
  0.357

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  416
  529
  645
  765
  891
  1,021
  1,156
  1,297
  1,444
  1,596
  2,560
  2,725
  2,897
  3,077
  3,264
  3,459
  3,663
  3,875
  4,098
  4,330
  4,573
  4,827
  5,093
  5,371
  5,663
  5,968
  6,288
  6,624
  6,975
  7,343
Depreciation, amort., depletion, $m
  2,171
  2,265
  2,363
  2,464
  2,570
  2,680
  2,794
  2,912
  3,035
  3,163
  2,194
  2,333
  2,477
  2,627
  2,784
  2,947
  3,117
  3,295
  3,481
  3,674
  3,877
  4,089
  4,310
  4,541
  4,784
  5,037
  5,303
  5,581
  5,872
  6,178
Funds from operations, $m
  2,588
  2,794
  3,007
  3,230
  3,460
  3,701
  3,950
  4,209
  4,479
  4,760
  4,754
  5,058
  5,374
  5,704
  6,047
  6,406
  6,780
  7,170
  7,578
  8,004
  8,450
  8,916
  9,403
  9,913
  10,447
  11,006
  11,591
  12,205
  12,847
  13,521
Change in working capital, $m
  -14
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -29
  -30
  -31
  -33
  -34
  -36
  -37
  -39
  -41
  -43
  -45
  -47
  -49
Cash from operations, $m
  2,602
  2,809
  3,023
  3,246
  3,477
  3,718
  3,968
  4,228
  4,499
  4,780
  4,775
  5,080
  5,397
  5,728
  6,073
  6,432
  6,807
  7,199
  7,608
  8,036
  8,482
  8,950
  9,439
  9,950
  10,486
  11,047
  11,634
  12,249
  12,894
  13,570
Maintenance CAPEX, $m
  -979
  -1,069
  -1,162
  -1,260
  -1,362
  -1,467
  -1,577
  -1,691
  -1,810
  -1,933
  -2,061
  -2,194
  -2,333
  -2,477
  -2,627
  -2,784
  -2,947
  -3,117
  -3,295
  -3,481
  -3,674
  -3,877
  -4,089
  -4,310
  -4,541
  -4,784
  -5,037
  -5,303
  -5,581
  -5,872
New CAPEX, $m
  -1,258
  -1,313
  -1,367
  -1,422
  -1,478
  -1,536
  -1,597
  -1,659
  -1,725
  -1,793
  -1,865
  -1,941
  -2,020
  -2,104
  -2,192
  -2,286
  -2,384
  -2,488
  -2,597
  -2,713
  -2,835
  -2,963
  -3,099
  -3,242
  -3,392
  -3,551
  -3,718
  -3,893
  -4,078
  -4,273
Cash from investing activities, $m
  -2,237
  -2,382
  -2,529
  -2,682
  -2,840
  -3,003
  -3,174
  -3,350
  -3,535
  -3,726
  -3,926
  -4,135
  -4,353
  -4,581
  -4,819
  -5,070
  -5,331
  -5,605
  -5,892
  -6,194
  -6,509
  -6,840
  -7,188
  -7,552
  -7,933
  -8,335
  -8,755
  -9,196
  -9,659
  -10,145
Free cash flow, $m
  365
  427
  493
  564
  637
  714
  795
  878
  965
  1,054
  849
  945
  1,044
  1,147
  1,253
  1,363
  1,476
  1,594
  1,716
  1,842
  1,973
  2,109
  2,251
  2,399
  2,552
  2,712
  2,879
  3,053
  3,235
  3,425
Issuance/(repayment) of debt, $m
  1,163
  1,246
  1,297
  1,349
  1,402
  1,457
  1,514
  1,574
  1,636
  1,701
  1,769
  1,841
  1,916
  1,996
  2,079
  2,168
  2,261
  2,360
  2,463
  2,573
  2,689
  2,811
  2,939
  3,074
  3,217
  3,368
  3,526
  3,693
  3,868
  4,053
Issuance/(repurchase) of shares, $m
  242
  163
  75
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  1,405
  1,409
  1,372
  1,349
  1,402
  1,457
  1,514
  1,574
  1,636
  1,701
  1,769
  1,841
  1,916
  1,996
  2,079
  2,168
  2,261
  2,360
  2,463
  2,573
  2,689
  2,811
  2,939
  3,074
  3,217
  3,368
  3,526
  3,693
  3,868
  4,053
Total cash flow (excl. dividends), $m
  1,771
  1,835
  1,865
  1,912
  2,040
  2,172
  2,309
  2,452
  2,600
  2,755
  2,618
  2,786
  2,960
  3,143
  3,332
  3,530
  3,737
  3,953
  4,179
  4,415
  4,662
  4,920
  5,190
  5,473
  5,769
  6,080
  6,405
  6,746
  7,103
  7,477
Retained Cash Flow (-), $m
  -658
  -692
  -720
  -749
  -779
  -809
  -841
  -874
  -908
  -944
  -982
  -1,022
  -1,064
  -1,108
  -1,155
  -1,204
  -1,255
  -1,310
  -1,368
  -1,429
  -1,493
  -1,560
  -1,632
  -1,707
  -1,786
  -1,870
  -1,958
  -2,050
  -2,148
  -2,250
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  1,112
  1,144
  1,145
  1,164
  1,261
  1,363
  1,468
  1,578
  1,692
  1,811
  1,636
  1,764
  1,897
  2,035
  2,178
  2,327
  2,482
  2,643
  2,811
  2,986
  3,169
  3,360
  3,558
  3,766
  3,983
  4,210
  4,447
  4,696
  4,955
  5,227
Discount rate, %
  8.60
  9.03
  9.48
  9.96
  10.45
  10.98
  11.52
  12.10
  12.71
  13.34
  14.01
  14.71
  15.44
  16.22
  17.03
  17.88
  18.77
  19.71
  20.70
  21.73
  22.82
  23.96
  25.16
  26.42
  27.74
  29.12
  30.58
  32.11
  33.71
  35.40
PV of cash for distribution, $m
  1,024
  962
  873
  796
  767
  729
  684
  633
  577
  518
  387
  340
  293
  248
  206
  167
  133
  104
  79
  58
  42
  30
  20
  14
  9
  5
  3
  2
  1
  1
Current shareholders' claim on cash, %
  99.4
  99.0
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8
  98.8

Equinix, Inc. is a publicly owned real estate investment trust. It provides data center services to protect and connect the information assets for the enterprises, financial services companies, and content and network providers primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company provides colocation services and related offerings, including operations space, storage space, cabinets, and power for customersÂ’ colocation needs; interconnection services comprising physical cross connect/direct interconnections, Equinix Internet Exchange, Equinix Cloud Exchange, Equinix Metro Connect, and Internet connectivity services; and managed IT infrastructure services, including installation of customer equipment and cabling, as well as equipment rebooting and power cycling, card swapping, and emergency equipment replacement services. Equinix, Inc. was founded in 1998 and is headquartered in Redwood City, California.

FINANCIAL RATIOS  of  Equinix, Inc. (EQIX)

Valuation Ratios
P/E Ratio 0
Price to Sales 0
Price to Book 0
Price to Tangible Book
Price to Cash Flow 0
Price to Free Cash Flow 0
Growth Rates
Sales Growth Rate -100%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate NaN%
Cap. Spend. - 3 Yr. Gr. Rate NaN%
Financial Strength
Quick Ratio NaN
Current Ratio NaN
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 0%
Ret/ On Assets - 3 Yr. Avg. 0%
Return On Total Capital 0%
Ret/ On T. Cap. - 3 Yr. Avg. 0%
Return On Equity 0%
Return On Equity - 3 Yr. Avg. 0%
Asset Turnover 0
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 0%
EBITDA Margin - 3 Yr. Avg. 0%
Operating Margin 0%
Oper. Margin - 3 Yr. Avg. 0%
Pre-Tax Margin 0%
Pre-Tax Margin - 3 Yr. Avg. 0%
Net Profit Margin 0%
Net Profit Margin - 3 Yr. Avg. 0%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 0%

EQIX stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the EQIX stock intrinsic value calculation we used $5072 million for the last fiscal year's total revenue generated by Equinix, Inc.. The default revenue input number comes from 0001 income statement of Equinix, Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our EQIX stock valuation model: a) initial revenue growth rate of 9.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 8.6%, whose default value for EQIX is calculated based on our internal credit rating of Equinix, Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Equinix, Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of EQIX stock the variable cost ratio is equal to 76%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $243 million in the base year in the intrinsic value calculation for EQIX stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Equinix, Inc..

Corporate tax rate of 27% is the nominal tax rate for Equinix, Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the EQIX stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for EQIX are equal to 270.1%.

Life of production assets of 14 years is the average useful life of capital assets used in Equinix, Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for EQIX is equal to -3.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $7219.279 million for Equinix, Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 83.852 million for Equinix, Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Equinix, Inc. at the current share price and the inputted number of shares is $37.2 billion.

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