Author(s):
Tiller, Oliver Kvaløy
Date: 2025
Persistent ID: http://hdl.handle.net/10362/201000
Origin: Repositório Institucional da UNL
Subject(s): Corporate finance; Corporate valuation; Discounted cash flow; Fundamental valuation; Equity research; Equity valuation; Corporate finance; Corporate finance; Corporate valuation; Corporate valuation; Discounted cash flow; Discounted cash flow; Fundamental valuation; Fundamental valuation; Equity research; Equity research; Equity valuation; Equity valuation
Description
This study evaluates Equinix, the world’s largest neutral colocation provider, within a fast growing data-centre market. Though decreasing hyperscaler demand, land scarcity and increasing costs cap long-term growth. We model cabinet capacity rising 3.6 % annually and monthly recurring revenue per cabinet increasing 4.2 %, producing 8 % top-line growth. A blended DCF, NAV and peer multiple approach yields fair value per share of $829 versus its current $873 price, implying a 5% downside. We assign a neutral “Hold” recommendation
