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    EQIX   US29444U7000

EQUINIX, INC.

(EQIX)
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Equinix, Inc. Signs an Agreement to Form Joint Venture in the Form of A Limited Liability Partnership with GIC

01/26/2022 | 10:00pm EDT

Equinix, Inc. announced the signing of an agreement to form a USD 525 million joint venture in the form of a limited liability partnership with GIC to develop and operate two xScale data centers in Seoul, Korea. This new joint venture will bring the global xScale data center portfolio to more than USD 8 billion across 36 facilities, and an expected greater than 720 MW of power capacity when completed and fully constructed. The two facilities under this joint venture, to be named SL2x and SL3x, are expected to provide more than 45 megawatts (MW) of power capacity to serve the unique core workload deployment needs of hyperscale companies, including the world's largest cloud service providers. With more hyperscale providers expanding in Korea to support businesses' digital infrastructure needs, the cloud computing market in the country is expected to flourish. According to IDC Korea, based on its recent publication of 'Korea Cloud IT Infrastructure Market Forecast, 2021', the Cloud IT infrastructure market in Korea is expected to reach an average annual growth rate (CAGR) of 15% over the next five years, reaching approximately USD 1.86 billion in sales by 2025. The Global Interconnection Index (GXI Vol. 5), an annual market study recently published by Equinix, also estimates that Seoul will have the most interconnection bandwidth from hyperscale providers within Asia-Pacific by 2024.


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Financials (USD)
Sales 2022 7 310 M - -
Net income 2022 662 M - -
Net Debt 2022 13 272 M - -
P/E ratio 2022 95,2x
Yield 2022 1,81%
Capitalization 62 489 M 62 489 M -
EV / Sales 2022 10,4x
EV / Sales 2023 9,64x
Nbr of Employees 10 944
Free-Float 99,3%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 686,53 $
Average target price 818,23 $
Spread / Average Target 19,2%
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Managers and Directors
Charles J. Meyers President, Chief Executive Officer & Director
Keith D. Taylor Director-Finance & Administration
Peter F. van Camp Executive Chairman
Milind Wagle Chief Information Officer
Joubine Dustzadeh Chief Technology Officer
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