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Equinix (FRA:EQN2) Cyclically Adjusted Price-to-FCF : 2,828.00 (As of May. 26, 2024)


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What is Equinix Cyclically Adjusted Price-to-FCF?

As of today (2024-05-26), Equinix's current share price is €707.00. Equinix's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 was €0.25. Equinix's Cyclically Adjusted Price-to-FCF for today is 2,828.00.

The historical rank and industry rank for Equinix's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

FRA:EQN2' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 1459.98   Med: 2403.47   Max: 5235.71
Current: 2834.6

During the past years, Equinix's highest Cyclically Adjusted Price-to-FCF was 5235.71. The lowest was 1459.98. And the median was 2403.47.

FRA:EQN2's Cyclically Adjusted Price-to-FCF is ranked worse than
100% of 387 companies
in the REITs industry
Industry Median: 11.26 vs FRA:EQN2: 2834.60

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Equinix's adjusted free cash flow per share data for the three months ended in Mar. 2024 was €-1.054. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is €0.25 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Equinix Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Equinix's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Equinix Cyclically Adjusted Price-to-FCF Chart

Equinix Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 4,556.32 1,497.13

Equinix Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,410.00 2,253.72 1,644.06 1,497.13 3,053.68

Competitive Comparison of Equinix's Cyclically Adjusted Price-to-FCF

For the REIT - Specialty subindustry, Equinix's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Equinix's Cyclically Adjusted Price-to-FCF Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Equinix's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Equinix's Cyclically Adjusted Price-to-FCF falls into.



Equinix Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Equinix's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=707.00/0.25
=2,828.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Equinix's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Equinix's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2024 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=-1.054/131.7762*131.7762
=-1.054

Current CPI (Mar. 2024) = 131.7762.

Equinix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201406 -0.867 100.560 -1.136
201409 0.849 100.428 1.114
201412 -0.530 99.070 -0.705
201503 1.335 99.621 1.766
201506 -0.138 100.684 -0.181
201509 -0.025 100.392 -0.033
201512 -0.680 99.792 -0.898
201603 -1.224 100.470 -1.605
201606 0.359 101.688 0.465
201609 0.696 101.861 0.900
201612 -1.127 101.863 -1.458
201703 -0.381 102.862 -0.488
201706 -0.477 103.349 -0.608
201709 0.749 104.136 0.948
201712 0.663 104.011 0.840
201803 -0.497 105.290 -0.622
201806 0.198 106.317 0.245
201809 -1.370 106.507 -1.695
201812 -1.326 105.998 -1.648
201903 0.616 107.251 0.757
201906 1.031 108.070 1.257
201909 -0.614 108.329 -0.747
201912 -1.934 108.420 -2.351
202003 1.217 108.902 1.473
202006 0.937 108.767 1.135
202009 -0.314 109.815 -0.377
202012 -1.355 109.897 -1.625
202103 -1.612 111.754 -1.901
202106 -0.857 114.631 -0.985
202109 -0.127 115.734 -0.145
202112 0.726 117.630 0.813
202203 1.679 121.301 1.824
202206 3.283 125.017 3.461
202209 2.933 125.227 3.086
202212 -0.689 125.222 -0.725
202303 1.621 127.348 1.677
202306 1.012 128.729 1.036
202309 1.668 129.860 1.693
202312 0.029 129.419 0.030
202403 -1.054 131.776 -1.054

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Equinix  (FRA:EQN2) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Equinix Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Equinix's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Equinix (FRA:EQN2) Business Description

Industry
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Traded in Other Exchanges
Address
One Lagoon Drive, Redwood City, CA, USA, 94065
Equinix operates 248 data centers in 71 markets worldwide. It generates 46% of total revenue in the Americas, 32% in Europe, the Middle East, and Africa, and 22% in Asia-Pacific. The firm has more than 10,000 customers, including 2,100 network providers, that are dispersed over five verticals: cloud and IT services, content providers, network and mobile services, financial services, and enterprise. About 70% of Equinix's revenue comes from renting space to tenants and related services, and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.

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