| Intrinsic Valuation of: EQIX | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 14 | Market Cap | $104B | |||||
| 2021 | - | - (-) | P/E Ratio | 74 | Total Asset | $40B | |||||
| 2022 | $685M | - (-) | Net Income | $1B | Total Debt | $18B | |||||
| 2023 | $436M | -36.4% (-43.5%) | EBITDA | $4B | Total Liab | $26B | |||||
| 2024 | $183M | -58.0% (-60.7%) | Opr Margin | 21.33 | Debt/Equity | 1.24 | |||||
| 2025 | $-400M | -318.6% (-307.5%) | PreTax Margin | 15.61 | BV/Share | 70 | |||||
| 5Y Average FCF | $226M | 3.5% (-137.2%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 8.08% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (3.5%) | ||||||||||
| 2026 | $450M | MBG Intrinsic Value | $129 | ||||||||
| 2027 | $465M | ||||||||||
| 2028 | $479M | ||||||||||
| 2029 | $493M | ||||||||||
| 2030 | $506M | ||||||||||
| 2031 | $518M | ||||||||||
| Terminal Value | $9B | Net Worth/Share | $144 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $8B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $2B | $-78 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $18B | WACC | 6.5% | -64 | -56 | -45 | -32 | -14 | |||
| Equity Value | $-8B | 7.4% | -79 | -73 | -66 | -58 | -47 | ||||
| Shares Outstanding | 98,624,248 | 8.3% | -90 | -86 | -81 | -75 | -68 | ||||
| 9.2% | -98 | -95 | -92 | -88 | -83 | ||||||
| DCF Intrinsic Value | $-78 | 10.1% | -105 | -103 | -100 | -97 | -93 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||