QualityDipStocks / Real Estate · REITs
Equinix REIT EQIX
Outside our quality screen, so we don’t track its dips. It’s 9% below its 52-week high.
Outside our quality screen. No fair value estimate for now: its free cash flow is negative.
- Fair value est.
- n/a
- Market Value
- forming
- Off 52-wk high
- −9%
- Risk vs market
- Lowbeta 0.56
4 bullish · 5 bearish See why
Key levels
Every level vs today’s $1,014
- 52-wk lowlowest close, 1 year$726.09−28.4%
- PriceFri Oct 30 close$1,014you are here
- 52-wk highhighest close, 1 year$1,116+10.1%
Fair value estimate
No estimate for EQIX: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 30 to Oct 30, 252 sessions). Beta = how much EQIX moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves much less than the market, but its own price swings are 2.0× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.56
- Volatility
- 26% vs 13% SPY
- Correlation SPY
- 0.28
- Correlation QQQ
- 0.26
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
GrowthDiluted EPS grew 62% to $13.76 in FY2025.
Balance sheetPaid down debt: $2.0B at FY2025, 86% less than at FY2023.
ProfitabilityOperating margin widened to 20.0% in FY2025 from 17.6% in FY2023 (SEC filings).
GrowthSales grew 11% to $10.1B over the last 12 months vs the 12 months before (SEC filings).
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$1.7B over the last 12 months), so there’s no cash-flow value under the price.
ValuationP/E of 62.3× vs a 28.7× median for the 46 Real Estate companies we cover.
Cash returnsPays out more in dividends than it earns: $2.0B paid vs $1.6B of net income.
ProfitabilityReturn on invested capital of 6%, below the 9.5% discount rate our DCF uses.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; net debt 5.0× EBITDA (limit 3×).
Who’s talking about it
Notable investors, executives, analysts and public figures on Equinix REIT in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 1, 9:09 PM ET.
Compare with peers
Closest in size in REITs
All fundamentals
P/E 62.3 · FCF yield -1.6% · ROE 11%
Valuation
- P/E
- 62.3×Real Estate median 28.7×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −1.6%
- EV / EBITDA
- 27.4×
- Price / sales
- 10.20×
- Price / book
- 7.06×
- Market cap
- $103Blisted
- Enterprise value
- $122B
Growth
- Revenue, 12 months
- $10.1B
- Sales growth, 12 months
- +11.1%vs the 12 months before
- Sales growth, 3 yrs
- +8.3%/yrfrom FY2022
- Diluted EPS, 12 months
- $16.65
- EPS growth, last FY
- +61.9%
- Net income, 12 months
- $1.6B
- Net income growth
- +54%12 months vs before
Profitability
- Gross margin
- 51.6%
- Operating margin
- 22.5%
- Net margin
- 16.4%
- FCF margin
- −16.5%
- Return on equity
- 11%
- Return on invested capital
- 6%
Balance sheet
- Cash & short-term inv.
- $3.6B
- Total debt
- $22.9B
- Net cash
- −$19.3B
- Debt / equity
- 1.57×
- Interest coverage
- 3.7×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- −$1.7B
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 1.96%$2.0B paid
- Payout ratio
- 122%
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- +1.1%diluted shares vs a year ago
- Stock-based comp
- $542M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Equinix REIT’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
Valuation details
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Momentum & 52-week range
RSI 52 · 5 days +6.1%
The business
FCF $-1.5B · Sales +16%
- Free cash flow, 12 months−$1.5B
- Free-cash-flow yield−1.4%
- Free-cash-flow margin−15%
- Gross margin52%
- Operating margin23%
- Return on invested capital5%
- Return on equity11%
- Sales growth (latest quarter vs year-ago quarter)+16%
- Net debt / EBITDA5.0×
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.
EQIX is outside our quality screen
One text when a published rule fires on one of the 333 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.