Back to EQIX Overview
NMS · Valuation Lab
EQIX
Equinix, Inc.
Last$1056.20
Market cap104.2B
EV/EBITDA27.4x
Intrinsic value
$1308.16
MoS +19.3% · Fairly Valued
Assuming 38.1% FCF margin and 16.7% Y1–5 growth.
Upside to price
EV (DCF)151.5B
Terminal share66%
Expected IV$1371.94
Probability weights
Projected free cash flows
Stage FCF path with present values · terminal 66% of EV
PV of stage FCFs51.5B
PV of terminal value100B
Enterprise value151.5B
Net cash / (debt)-22.4B
Equity value129.1B
Intrinsic value / share$1308.16
| Year | Revenue | FCF | PV | DF |
|---|---|---|---|---|
| Y1 | 11.6B | 4.4B | 4.1B | 92.4% |
| Y2 | 13.5B | 5.1B | 4.4B | 85.4% |
| Y3 | 15.7B | 6B | 4.7B | 78.9% |
| Y4 | 18.4B | 7B | 5.1B | 73.0% |
| Y5 | 21.4B | 8.2B | 5.5B | 67.4% |
| Y6 | 23.2B | 8.9B | 5.5B | 62.3% |
| Y7 | 25.2B | 9.6B | 5.5B | 57.6% |
| Y8 | 27.3B | 10.4B | 5.5B | 53.2% |
| Y9 | 29.6B | 11.3B | 5.5B | 49.2% |
| Y10 | 32.1B | 12.2B | 5.6B | 45.5% |
| Terminal | — | — | 100B | — |
Educational DCF model only — not financial advice. Terminal value and assumptions dominate results; verify filings and run your own diligence.