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GDS Holdings Limited (GDS)

NEUTRAL
TechnologyInformation Technology ServicesChina

Fundamental

55

Price

$32.75

Market Cap

$6.32B

Part 1 · What the company is worth

Overview

GDS Holdings Limited, together with its subsidiaries, engages in the development and operation of data centers in the People's Republic of China. It provides colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continuity and disaster recovery, network management, data storage, system security, operating system, database, and server middleware services; managed cloud services; and consulting services. The company serves cloud service providers, large Internet companies, financial institutions, telecommunications carriers and IT service providers, large domestic private sector, and multinational corporations. GDS Holdings Limited was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$12.08B

Trailing 12 months (through 3/31/2026)

Net Income

$2.84B

Trailing 12 months (through 3/31/2026)

Free Cash Flow

$-4.60B

Total Equity

$4.37B

Total Liabilities

$47.38B

Current Ratio

1.78

Interest Coverage

-

Debt/EBITDA

8.61

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

How heavy the debt is

Growth grid

Growth — Revenue

Fair Value Estimation

Undervalued

Fair Value

$48.04

Current Price

$32.75

Margin of Safety

+31.8%

Fair Value Range

$31.23 - $64.86

Estimation Methods

Analyst Target:$51.39
DCF:$28.29
PE-based:$93.90
Graham Growth:$36.79
EPV:$5.23
Analyst Consensus:Strong Buy (14B / 1H / 0S)
Last Earnings Surprise:+6269.97%

Valuation Metrics

P/E Ratio

13.96

ROE

12.8%

P/B Ratio

1.41

P/FCF

-

Gross Margin

25.0%

ROIC

2.7%

Profitability Radar

Value Creation (Economic Moat)

ROIC

2.7%

WACC

6.9%

ROIC − WACC

-4.2 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamental Analysis Criteria

Passed (8)

  • Price CAGR 14.34%
  • P/B Ratio 1.41
  • Current Ratio
  • ROE 10.3%
  • Revenue Growth 5Y 14.8%
  • Analyst Consensus 93% Buy
  • Earnings Surprise avg 4434.6%
  • Earnings Quality (OCF/NI) 4.00

Failed (8)

  • ROIC 2.7%
  • Gross Margin 25.0%
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Debt/EBITDA
  • DCF valuation (Unknown)
  • Net Margin Trend 7.8% vs 32.7%
  • Piotroski F-Score 2/9

Unavailable (11)

  • EPS data insufficient
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Share Dilution (missing shares data)

Piotroski F-Score

2/9

Serious financial concerns

score
criteria

Earnings Quality

4.00

High quality: earnings backed by cash

Share Dilution

-

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Wei HuangFounder, Chairman of the Board & CEO58
Mr. Daniel A. NewmanChief Financial Officer64
Ms. Laura ChenHead of Investor Relations-
Mr. Kejing ZhangExecutive Vice President of Sales & Service42
Ms. Yan LiangExecutive Vice President of Data Center Operation & Delivery50
Ms. Yixin QianExecutive Vice President of Operation53

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for GDS, sourced from Markets Gazette.

  • 3/25/2026POSITIVE
    GDS Ends Years Of Losses On AI Demand And One-Time Gain

    GDS Holdings Limited has reported an end to its multi-year streak of losses, driven by robust demand for its data center services fueled by the artificial intelligence boom. The company also benefited from a significant one-time financial gain, details of which are yet to be fully disclosed. This turnaround signals a potential inflection point for the company, suggesting its strategic investments in AI-ready infrastructure are now yielding substantial operational and financial improvements. Investors will be closely watching for sustained profitability and further growth catalysts in the coming quarters.

via Markets Gazette