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Equinix (LTS:0II4) Cyclically Adjusted FCF per Share : $0.55 (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 $0.603. 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 $0.55 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 (2025-05-23), Equinix's current stock price is $867.57. Equinix's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $0.55. Equinix's Cyclically Adjusted Price-to-FCF of today is 1,577.40.

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 1822.20.


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 -0.81 -0.89 0.14 0.54 0.68

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 0.27 0.70 0.60 0.68 0.55

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)
=0.603/134.9266*134.9266
=0.603

Current CPI (Mar. 2025) = 134.9266.

Equinix Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 -0.154 100.684 -0.206
201509 -0.029 100.392 -0.039
201512 -0.741 99.792 -1.002
201603 -1.363 100.470 -1.830
201606 0.404 101.688 0.536
201609 0.781 101.861 1.035
201612 -1.189 101.863 -1.575
201703 -0.407 102.862 -0.534
201706 -0.536 103.349 -0.700
201709 0.893 104.136 1.157
201712 0.784 104.011 1.017
201803 -0.613 105.290 -0.786
201806 0.232 106.317 0.294
201809 -1.599 106.507 -2.026
201812 -1.508 105.998 -1.920
201903 0.696 107.251 0.876
201906 1.165 108.070 1.455
201909 -0.676 108.329 -0.842
201912 -2.149 108.420 -2.674
202003 1.345 108.902 1.666
202006 1.055 108.767 1.309
202009 -0.370 109.815 -0.455
202012 -1.649 109.897 -2.025
202103 -1.919 111.754 -2.317
202106 -1.033 114.631 -1.216
202109 -0.150 115.734 -0.175
202112 0.821 117.630 0.942
202203 1.850 121.301 2.058
202206 3.471 125.017 3.746
202209 2.904 125.227 3.129
202212 -0.732 125.222 -0.789
202303 1.736 127.348 1.839
202306 1.097 128.729 1.150
202309 1.784 129.860 1.854
202312 0.032 129.419 0.033
202403 -1.145 131.776 -1.172
202406 2.774 132.554 2.824
202409 0.355 133.029 0.360
202412 -0.062 133.157 -0.063
202503 0.603 134.927 0.603

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


Equinix  (LTS:0II4) 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
=867.57/0.55
=1,577.40

* 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 1822.20.


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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