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Technology - Information Technology Services - NASDAQ - CN
$ 33.98
10.2 %
$ 140 B
Market Cap
308.91
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one GDS stock under the worst case scenario is HIDDEN Compared to the current market price of 34 USD, GDS Holdings Limited is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one GDS stock under the base case scenario is HIDDEN Compared to the current market price of 34 USD, GDS Holdings Limited is HIDDEN

This DCF valuation model was last updated on Jul, 6, 2025.

The intrinsic value of one GDS stock under the best case scenario is HIDDEN Compared to the current market price of 34 USD, GDS Holdings Limited is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart GDS

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$50.0$50.0$45.0$45.0$40.0$40.0$35.0$35.0$30.0$30.0$25.0$25.0$20.0$20.0$15.0$15.015 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '2515 May15 MayJun '25Jun '2515 Jun15 JunJul '25Jul '25
FINANCIALS
10.3 B REVENUE
3.67%
1.15 B OPERATING INCOME
146.85%
3.43 B NET INCOME
179.84%
1.94 B OPERATING CASH FLOW
-6.14%
-8.76 B INVESTING CASH FLOW
-38.48%
17.1 B FINANCING CASH FLOW
442.80%
2.72 B REVENUE
1.21%
365 M OPERATING INCOME
29.68%
764 M NET INCOME
-81.76%
780 M OPERATING CASH FLOW
-16.06%
-1.37 B INVESTING CASH FLOW
38.73%
275 M FINANCING CASH FLOW
-97.46%
Balance Sheet GDS Holdings Limited
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Current Assets 11.6 B
Cash & Short-Term Investments 7.87 B
Receivables 3.26 B
Other Current Assets 483 M
Non-Current Assets 62 B
Long-Term Investments 7.54 B
PP&E 45.4 B
Other Non-Current Assets 9.09 B
10.68 %4.43 %10.24 %61.64 %12.35 %Total Assets$73.6b
Current Liabilities 9.08 B
Accounts Payable 2.59 B
Short-Term Debt 5.1 B
Other Current Liabilities 1.39 B
Non-Current Liabilities 40.9 B
Long-Term Debt 39.4 B
Other Non-Current Liabilities 1.54 B
5.19 %10.20 %2.78 %78.76 %3.08 %Total Liabilities$50.0b
EFFICIENCY
Earnings Waterfall GDS Holdings Limited
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Revenue 10.3 B
Cost Of Revenue 8.1 B
Gross Profit 2.22 B
Operating Expenses 1.07 B
Operating Income 1.15 B
Other Expenses -2.27 B
Net Income 3.43 B
12b12b10b10b8b8b6b6b4b4b2b2b0010b(8b)2b(1b)1b2b3bRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
21.53% GROSS MARGIN
21.53%
11.16% OPERATING MARGIN
11.16%
33.19% NET MARGIN
33.19%
14.55% ROE
14.55%
4.65% ROA
4.65%
2.07% ROIC
2.07%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis GDS Holdings Limited
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00(1b)(1b)(2b)(2b)(3b)(3b)(4b)(4b)(5b)(5b)(6b)(6b)(7b)(7b)(8b)(8b)(9b)(9b)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 3.43 B
Depreciation & Amortization 3.35 B
Capital Expenditures -3.25 B
Stock-Based Compensation 296 M
Change in Working Capital -544 M
Others -5.14 B
Free Cash Flow -1.03 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets GDS Holdings Limited
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Wall Street analysts predict an average 1-year price target for GDS of $29.2 , with forecasts ranging from a low of $22.4 to a high of $40 .
GDS Lowest Price Target Wall Street Target
22.4 USD -34.08%
GDS Average Price Target Wall Street Target
29.2 USD -13.99%
GDS Highest Price Target Wall Street Target
40 USD 17.72%
Price
Max Price Target
Min Price Target
Average Price Target
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4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 7
6. Ownership
Insider Ownership GDS Holdings Limited
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7. News
GDS Announces the Final Offering Price for its C-REIT Initial Public Offering on the Shanghai Stock Exchange SHANGHAI, China, July 02, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that the final offering price for its previously announced China REIT (“C-REIT”) initial public offering (“IPO”) on the Shanghai Stock Exchange is RMB 3.00 per unit. The final offering price was determined following completion of the institutional bookbuilding, which was 166 times over-subscribed. The C-REIT will issue 800,000,000 units in total, representing 100% of units in issue on completion of the IPO. The gross proceeds to be received by the C-REIT is RMB 2,400 million. globenewswire.com - 2 weeks ago
GDS Announces Results of Annual General Meeting of Shareholders SHANGHAI, China, June 26, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it held its Annual General Meeting of Shareholders (“2025 AGM”) on June 26, 2025. Each of the resolutions submitted to the shareholders for approval at the 2025 AGM has been approved. globenewswire.com - 3 weeks ago
GDS Announces the Launch of an Initial Public Offering for its C-REIT on the Shanghai Stock Exchange SHANGHAI, China, June 26, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that the China Securities Regulatory Commission (“CSRC”) and Shanghai Stock Exchange have approved the registration and launch of an initial public offering (“IPO”) for its China REIT (“C-REIT”). globenewswire.com - 3 weeks ago
GDS to Hold Annual General Meeting on June 26, 2025 SHANGHAI, China, June 04, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced that it will hold its 2025 Annual General Meeting of Shareholders (the “AGM”) at Beijing Meeting Room, F5, Building C, Sunland International, No. 999 Zhouhai Road, Pudong, Shanghai, P.R.C. at 4:00 p.m. (China Standard Time) on June 26, 2025 (which is 4:00 a.m. (Eastern Daylight Time) on June 26, 2025). globenewswire.com - 1 month ago
GDS Announces Closing of Offering of US$550 Million Convertible Senior Notes and Full Exercise of Option to Purchase Additional Notes SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the closing of its previously announced offering of 2.25% convertible senior notes in an aggregate principal amount of US$550 million due 2032 (the “Notes”), which amount reflects the exercise in full by the initial purchasers of their option to purchase an additional US$50 million in aggregate principal amount of the Notes (collectively, the “Notes Offering”). The Notes were offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). globenewswire.com - 1 month ago
GDS Announces Closing of Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the closing of a previously announced registered public offering of 6,000,000 American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share (the “Delta Placement of Borrowed ADSs”), at a public offering price of US$24.50 per ADS (the “Delta Public Offering Price”), which the Company lent (such loaned ADSs, the “Borrowed ADSs”) to an affiliate of the underwriter in the ADS offering (such affiliate, the “ADS Borrower”) pursuant to an ADS lending agreement with the ADS Borrower (the “ADS Lending Agreement”). globenewswire.com - 1 month ago
GDS Announces Closing of Public Offering of ADSs and Full Exercise of Option to Purchase Additional ADSs SHANGHAI, China, May 30, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the closing of its previously announced underwritten registered public offering of 5,980,000 American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share (the “Primary ADSs Offering”), at a public offering price of US$24.50 per ADS (the “Primary ADSs Offering Price”), and reflecting the exercise in full by the underwriters of their option to purchase 780,000 additional ADSs. globenewswire.com - 1 month ago
GDS Prices Offering of US$500 Million Convertible Senior Notes SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the pricing of its previously announced offering (the “Notes Offering”) of 2.25% convertible senior notes in an aggregate principal amount of US$500 million due 2032 (the “Notes”). The size of the offering was increased from the previously announced $450 million aggregate principal amount of Notes. The Notes have been offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company has granted the initial purchasers in the Notes Offering an option to purchase up to an additional US$50 million in aggregate principal amount of the Notes, exercisable for settlement within a 13-day period, beginning on, and including, the first date on which the Notes are issued. The Company expects to close the Notes Offering on or about May 30, 2025, subject to the satisfaction of customary closing conditions. globenewswire.com - 1 month ago
GDS Announces Pricing of Public Offering of ADSs SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the pricing of its previously announced underwritten registered public offering of 5,200,000 American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share (the “Primary ADSs Offering”), at a public offering price of US$24.50 per ADS (the “Primary ADSs Offering Price”). The underwriters have been granted a 30-day option to purchase up to 780,000 additional ADSs. The offering is expected to close on May 30, 2025, subject to customary closing conditions. globenewswire.com - 1 month ago
GDS Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the pricing of a previously announced registered public offering of 6,000,000 American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share (the “Delta Placement of Borrowed ADSs”), at a public offering price of US$24.50 per ADS (the “Delta Public Offering Price”), which the Company intends to loan (such loaned ADSs, the “Borrowed ADSs”) to an affiliate of the underwriter in the ADS offering (such affiliate, the “ADS Borrower”) pursuant to an ADS lending agreement with the ADS Borrower (the “ADS Lending Agreement”). globenewswire.com - 1 month ago
GDS Announces Launch of Proposed Public Offering of ADSs SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the commencement of a proposed offering of 5,200,000 American Depositary Shares (“ADSs”), each representing eight Class A ordinary shares, par value US$0.00005 per share, subject to market and other conditions, in an underwritten registered public offering (the “Primary ADSs Offering”). The underwriters will have a 30-day option to purchase up to 780,000 additional ADSs. globenewswire.com - 1 month ago
GDS Announces Proposed Offering of US$450 Million Convertible Senior Notes SHANGHAI, China, May 27, 2025 (GLOBE NEWSWIRE) -- GDS Holdings Limited (“GDS Holdings”, “GDS” or the “Company”) (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in China, today announced the commencement of a proposed offering (the “Notes Offering”) of convertible senior notes in an aggregate principal amount of US$450 million due 2032 (the “Notes”), subject to market conditions and other factors, in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The Company expects to grant the initial purchasers in the Notes Offering an option to purchase up to an additional US$50 million in aggregate principal amount of the Notes, exercisable for settlement within a 13-day period, beginning on, and including, the first date on which the Notes are issued. globenewswire.com - 1 month ago
8. Profile Summary

GDS Holdings Limited GDS

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COUNTRY CN
INDUSTRY Information Technology Services
MARKET CAP $ 140 B
Dividend Yield 0.00%
Description GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company 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. It serves cloud service providers, large Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.
Contact Building C, Sunland International, Shanghai, 200137 https://www.gds-services.com
IPO Date Nov. 2, 2016
Employees 2276
Officers Ms. Yixin Qian Executive Vice President of Operation Mr. Kejing Zhang Executive Vice President of Sales & Service Ms. Yan Liang Executive Vice President of Data Center Design, Operation & Delivery Mr. Wei Huang Founder, Chairman of the Board & Chief Executive Officer Ms. Laura Chen Head of Investor Relations Mr. Daniel A. Newman Chief Financial Officer