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Equinix (BSP:EQIX34) Cyclically Adjusted FCF per Share : R$0.04 (As of Mar. 2025)


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What is Equinix Cyclically Adjusted FCF per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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 for the three months ended in Mar. 2025 was R$0.043. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is R$0.04 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Equinix's average Cyclically Adjusted FCF Growth Rate was 103.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Equinix was 61.90% per year. The lowest was 0.20% per year. And the median was 19.25% per year.

As of today (2025-05-15), Equinix's current stock price is R$61.42. Equinix's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was R$0.04. Equinix's Cyclically Adjusted Price-to-FCF of today is 1,535.50.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Equinix was 5235.71. The lowest was 1077.84. And the median was 1824.43.


Equinix Cyclically Adjusted FCF per Share Historical Data

The historical data trend for Equinix's Cyclically Adjusted FCF per Share 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 FCF per Share Chart

Equinix Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.05 -0.06 0.01 0.03 0.05

Equinix Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted FCF per Share 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 0.02 0.05 0.04 0.05 0.04

Competitive Comparison of Equinix's Cyclically Adjusted FCF per Share

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.


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Equinix Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and 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.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

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. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Equinix's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.043/134.9266*134.9266
=0.043

Current CPI (Mar. 2025) = 134.9266.

Equinix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.006 100.684 -0.008
201509 -0.001 100.392 -0.001
201512 -0.036 99.792 -0.049
201603 -0.063 100.470 -0.085
201606 0.017 101.688 0.023
201609 0.032 101.861 0.042
201612 -0.050 101.863 -0.066
201703 -0.016 102.862 -0.021
201706 -0.022 103.349 -0.029
201709 0.035 104.136 0.045
201712 0.032 104.011 0.042
201803 -0.025 105.290 -0.032
201806 0.011 106.317 0.014
201809 -0.082 106.507 -0.104
201812 -0.073 105.998 -0.093
201903 0.033 107.251 0.042
201906 0.056 108.070 0.070
201909 -0.035 108.329 -0.044
201912 -0.110 108.420 -0.137
202003 0.082 108.902 0.102
202006 0.068 108.767 0.084
202009 -0.025 109.815 -0.031
202012 -0.106 109.897 -0.130
202103 -0.135 111.754 -0.163
202106 -0.065 114.631 -0.077
202109 -0.010 115.734 -0.012
202112 0.058 117.630 0.067
202203 0.115 121.301 0.128
202206 0.219 125.017 0.236
202209 0.190 125.227 0.205
202212 -0.048 125.222 -0.052
202303 0.113 127.348 0.120
202306 0.067 128.729 0.070
202309 0.110 129.860 0.114
202312 0.002 129.419 0.002
202403 -0.071 131.776 -0.073
202406 0.187 132.554 0.190
202409 0.025 133.029 0.025
202412 -0.005 133.157 -0.005
202503 0.043 134.927 0.043

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


Equinix  (BSP:EQIX34) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

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 Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=61.42/0.04
=1,535.50

* 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.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Equinix was 5235.71. The lowest was 1077.84. And the median was 1824.43.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Equinix Cyclically Adjusted FCF per Share Related Terms

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


Equinix Business Description

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Address
One Lagoon Drive, Redwood City, CA, USA, 94065
Equinix operates 260 data centers in 71 markets worldwide. It generates 44% of total revenue in the Americas, 35% in Europe, the Middle East, and Africa, and 21% 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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