GDS Chart
About

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company offers 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 carriers and IT service providers, large domestic private sector, and multinational corporations. The company was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.

Fundamentals
Scroll to Statements
Sector Technology Industry Information Technology S Market Cap 8.79B
Enterprise Value 102.37B Income 1.17B Sales 11.20B
Book/sh 19.22 Cash/sh 8.72 Dividend Yield
Payout 0.00% Employees 2276 IPO
P/E 61.82 Forward P/E 842.59 PEG
P/S 0.79 P/B 2.28 P/C
EV/EBITDA 21.07 EV/Sales 9.14 Quick Ratio 2.41
Current Ratio 2.51 Debt/Eq 175.35 LT Debt/Eq
EPS (ttm) 0.71 EPS next Y 0.05 EPS Growth
Revenue Growth 10.20% Earnings 2026-03-17 ROA 1.10%
ROE 4.84% ROIC Gross Margin 22.78%
Oper. Margin 12.55% Profit Margin 50.05% Shs Outstand 194.93M
Shs Float 1.05B Short Float 9.73% Short Ratio 4.48
Short Interest 52W High 48.61 52W Low 16.93
Beta 0.45 Avg Volume 2.23M Volume 3.43M
Target Price $52.99 Recom Strong_buy Prev Close $41.35
Price $43.89 Change 6.14%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$52.99
Mean price target
2. Current target
$43.89
Latest analyst target
3. DCF / Fair value
$-131.18
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$43.89
Low
$33.05
High
$69.44
Mean
$52.99

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-20 main TD Cowen Buy → Buy $37
2025-11-06 init Macquarie — → Outperform
2025-08-22 main B of A Securities Buy → Buy $51
2025-08-21 main JMP Securities Market Outperform → Market Outperform $50
2025-08-20 main B of A Securities Buy → Buy $48
2025-08-12 up RBC Capital Sector Perform → Outperform $48
2025-07-16 up JP Morgan Neutral → Overweight $46
2025-05-21 reit JMP Securities Market Outperform → Market Outperform $40
2025-03-20 main Citizens Capital Markets Market Outperform → Market Outperform $40
2025-03-20 up Raymond James Outperform → Strong Buy $53
2025-03-20 main JMP Securities Market Outperform → Market Outperform $40
2025-03-18 up Jefferies Hold → Buy $45
2025-02-25 down RBC Capital Outperform → Sector Perform $37
2025-02-24 down Jefferies Buy → Hold $45
2025-02-21 main Raymond James Outperform → Outperform $53
2025-01-29 reit RBC Capital Outperform → Outperform $26
2025-01-27 init JMP Securities — → Market Outperform $35
2024-12-05 reit RBC Capital Outperform → Outperform $26
2024-10-14 main RBC Capital Outperform → Outperform $26
2024-08-27 main B of A Securities Buy → Buy $22
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems4.74M-12.06M60.32M-158.50K
TaxRateForCalcs0.250.000.330.25
NormalizedEBITDA4.64B4.49B4.09B3.36B
TotalUnusualItems18.94M-3.01B181.14M-634.00K
TotalUnusualItemsExcludingGoodwill18.94M-3.01B181.14M-634.00K
NetIncomeFromContinuingOperationNetMinorityInterest-777.12M-3.93B-1.30B-1.26B
ReconciledDepreciation3.35B3.48B3.22B2.66B
ReconciledCostOfRevenue8.10B7.83B7.32B6.04B
EBITDA4.66B1.47B4.27B3.36B
EBIT1.31B-2.01B1.05B705.99M
NetInterestIncome-1.83B-1.84B-1.84B-1.60B
InterestExpense1.92B1.94B1.88B1.65B
InterestIncome89.78M94.01M42.23M50.45M
NormalizedIncome-791.33M-928.11M-1.42B-1.26B
NetIncomeFromContinuingAndDiscontinuedOperation3.43B-4.29B-1.46B-1.26B
TotalExpenses9.14B8.89B8.45B7.16B
TotalOperatingIncomeAsReported1.15B-2.21B713.23M569.52M
DilutedAverageShares184.38M183.52M183.06M181.61M
BasicAverageShares184.38M183.52M183.06M181.61M
DilutedEPS18.32-23.68-8.24-7.20
BasicEPS18.32-23.68-8.24-7.20
DilutedNIAvailtoComStockholders3.37B-4.34B-1.51B-1.31B
NetIncomeCommonStockholders3.37B-4.34B-1.51B-1.31B
OtherunderPreferredStockDividend77.64M
PreferredStockDividends54.23M53.62M51.21M49.07M
NetIncome3.43B-4.29B-1.46B-1.26B
MinorityInterests-6.21M-5.03M-192.56M-73.65M
NetIncomeIncludingNoncontrollingInterests3.43B-4.29B-1.27B-1.19B
NetIncomeDiscontinuousOperations4.20B-359.01M-161.56M
NetIncomeContinuousOperations-770.91M-3.93B-1.10B-1.19B
TaxProvision156.05M-15.58M276.24M242.46M
PretaxIncome-614.86M-3.94B-828.32M-948.75M
OtherIncomeExpense40.75M-2.99B186.41M-2.19M
OtherNonOperatingIncomeExpenses21.80M25.32M5.27M-1.56M
SpecialIncomeCharges0.00-3.01B192.24M7.01M
ImpairmentOfCapitalAssets0.003.01B12.76M0.00
RestructuringAndMergernAcquisition0.000.00-205.00M-7.01M
GainOnSaleOfSecurity18.94M-1.57M-11.10M-7.64M
NetNonOperatingInterestIncomeExpense-1.83B-1.84B-1.84B-1.60B
InterestExpenseNonOperating1.92B1.94B1.88B1.65B
InterestIncomeNonOperating89.78M94.01M42.23M50.45M
OperatingIncome1.18B890.61M821.20M657.73M
OperatingExpense1.04B1.06B1.13B1.12B
OtherOperatingExpenses-27.25M-84.41M-95.20M-88.21M
ResearchAndDevelopment36.32M38.16M31.91M39.34M
SellingGeneralAndAdministration1.03B1.11B1.19B1.17B
SellingAndMarketingExpense116.44M140.89M146.52M148.61M
GeneralAndAdministrativeExpense917.88M965.98M1.05B1.02B
OtherGandA917.88M965.98M1.05B1.02B
GrossProfit2.22B1.95B1.95B1.78B
CostOfRevenue8.10B7.83B7.32B6.04B
TotalRevenue10.32B9.78B9.27B7.82B
OperatingRevenue10.32B9.78B9.27B7.82B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber1.56B1.52B1.52B1.50B
ShareIssued1.56B1.52B1.52B1.50B
NetDebt26.96B26.75B24.91B16.16B
TotalDebt44.46B44.02B44.68B37.79B
TangibleBookValue16.07B12.30B14.87B15.48B
InvestedCapital57.28B53.00B56.54B50.60B
WorkingCapital2.53B2.68B1.35B998.63M
NetTangibleAssets17.15B13.36B15.92B15.48B
CapitalLeaseObligations9.63B9.92B11.16B11.66B
CommonStockEquity22.46B18.89B23.02B24.47B
PreferredStockEquity1.08B1.06B1.05B958.48M
TotalCapitalization54.02B51.48B51.88B44.65B
TotalEquityGrossMinorityInterest23.67B20.12B24.18B24.94B
MinorityInterest129.93M165.58M116.59M463.85M
StockholdersEquity23.54B19.96B24.07B24.47B
GainsLossesNotAffectingRetainedEarnings-1.09B-974.39M-848.36M-599.19M
OtherEquityAdjustments-1.09B-974.39M-848.36M-599.19M
RetainedEarnings-6.04B-9.47B-5.18B-3.91B
AdditionalPaidInCapital29.60B29.34B29.05B28.98B
CapitalStock1.08B1.07B1.05B507.00K
CommonStock527.00K516.00K516.00K507.00K
PreferredStock1.08B1.06B1.05B958.48M
TotalLiabilitiesNetMinorityInterest49.98B54.32B50.63B46.69B
TotalNonCurrentLiabilitiesNetMinorityInterest40.90B46.02B40.03B33.23B
OtherNonCurrentLiabilities28.93M55.89M97.57M114.28M
LiabilitiesHeldforSaleNonCurrent0.003.67B
PreferredSecuritiesOutsideStockEquity1.05B958.48M
TradeandOtherPayablesNonCurrent0.007.64M261.00M
NonCurrentDeferredLiabilities1.41B1.43B1.47B801.43M
NonCurrentDeferredRevenue165.08M146.18M60.44M67.15M
NonCurrentDeferredTaxesLiabilities1.24B1.28B1.41B734.28M
LongTermDebtAndCapitalLeaseObligation39.36B40.76B38.35B31.00B
LongTermCapitalLeaseObligation8.88B9.24B10.53B10.82B
LongTermDebt30.48B31.52B27.81B20.18B
LongTermProvisions103.21M101.46M102.59M96.86M
CurrentLiabilities9.08B8.31B10.60B13.47B
OtherCurrentLiabilities1.03B
CurrentDeferredLiabilities90.97M119.89M156.13M90.99M
CurrentDeferredRevenue90.97M119.89M156.13M90.99M
CurrentDebtAndCapitalLeaseObligation5.10B3.26B6.34B6.79B
CurrentCapitalLeaseObligation753.50M680.66M629.60M844.88M
CurrentDebt4.34B2.58B5.71B5.95B
OtherCurrentBorrowings4.34B2.58B5.71B5.95B
PayablesAndAccruedExpenses3.89B3.90B4.11B6.58B
CurrentAccruedExpenses361.51M347.62M322.90M351.79M
InterestPayable125.09M117.06M70.25M141.64M
Payables3.53B3.55B3.79B6.23B
OtherPayable763.99M588.39M419.50M2.12B
DuetoRelatedPartiesCurrent9.49M0.0017.00M24.14M
TotalTaxPayable163.10M209.36M257.57M180.65M
IncomeTaxPayable118.61M166.92M202.59M139.67M
AccountsPayable2.59B2.75B3.09B3.90B
TotalAssets73.65B74.45B74.81B71.63B
TotalNonCurrentAssets62.04B63.46B62.86B57.17B
OtherNonCurrentAssets833.39M9.76B780.50M1.12B
NonCurrentDeferredAssets381.27M289.85M229.00M186.50M
NonCurrentDeferredTaxesAssets381.27M289.85M229.00M186.50M
NonCurrentAccountsReceivable1.49B1.40B1.16B2.22B
InvestmentsAndAdvances7.54B7.30M
LongTermEquityInvestment7.54B7.30M
GoodwillAndOtherIntangibleAssets6.39B6.60B8.15B8.99B
OtherIntangibleAssets502.89M710.68M1.07B1.92B
Goodwill5.89B5.89B7.08B7.08B
NetPPE45.40B45.41B52.55B44.65B
AccumulatedDepreciation-17.50B-14.85B-9.28B-6.43B
GrossPPE62.90B60.26B61.83B51.08B
Leases9.10B8.71B8.44B8.23B
ConstructionInProgress6.56B8.66B10.83B7.23B
OtherProperties30.13B26.78B25.24B21.74B
MachineryFurnitureEquipment109.88M125.31M173.03M142.30M
BuildingsAndImprovements16.13B15.14B13.85B12.18B
LandAndImprovements868.82M850.24M3.30B1.55B
Properties0.000.000.000.00
CurrentAssets11.61B10.98B11.95B14.46B
OtherCurrentAssets415.53M444.47M427.30M316.94M
AssetsHeldForSaleCurrent0.00437.57M
RestrictedCash67.42M39.37M158.07M2.01B
PrepaidAssets174.95M186.81M202.74M
Receivables3.26B2.71B2.57B1.96B
TaxesReceivable240.51M214.38M164.74M229.09M
AccountsReceivable3.02B2.49B2.41B1.73B
AllowanceForDoubtfulAccountsReceivable-26.23M-39.22M-20.73M-12.12M
GrossAccountsReceivable3.05B2.53B2.43B1.74B
CashCashEquivalentsAndShortTermInvestments7.87B7.35B8.61B9.97B
CashAndCashEquivalents7.87B7.35B8.61B9.97B
CashFinancial7.87B7.35B8.61B9.97B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-1.32B-1.36B-5.34B-8.68B
RepaymentOfDebt-6.57B-8.86B-10.83B-7.15B
IssuanceOfDebt6.66B10.17B14.42B16.19B
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-3.25B-3.43B-8.15B-9.88B
InterestPaidSupplementalData2.10B2.06B1.80B1.54B
IncomeTaxPaidSupplementalData389.84M302.72M343.35M252.07M
EndCashPosition18.14B7.92B8.88B12.03B
BeginningCashPosition7.92B8.88B12.03B16.49B
EffectOfExchangeRateChanges-13.59M154.30M416.20M-95.54M
ChangesInCash10.24B-1.12B-3.56B-4.37B
FinancingCashFlow17.06B4.16B6.14B8.12B
CashFromDiscontinuedFinancingActivities16.88B2.89B2.66B
CashFlowFromContinuingFinancingActivities174.29M1.27B3.49B8.12B
NetOtherFinancingCharges145.22M11.77M-48.20M-865.06M
ProceedsFromStockOptionExercised0.000.002.08M
CashDividendsPaid-54.17M-53.92M-51.58M-49.22M
PreferredStockDividendPaid-54.17M-53.92M-51.58M-49.22M
NetPreferredStockIssuance0.00
PreferredStockIssuance0.00
NetCommonStockIssuance0.000.00
CommonStockIssuance0.000.00
NetIssuancePaymentsOfDebt83.24M1.31B3.59B9.03B
NetShortTermDebtIssuance1.50B-957.31M-3.61B2.87B
ShortTermDebtPayments-394.82M-1.33B-8.24B-902.66M
ShortTermDebtIssuance1.89B371.33M4.63B3.78B
NetLongTermDebtIssuance-1.42B2.27B7.19B6.16B
LongTermDebtPayments-6.18B-7.53B-2.59B-6.25B
LongTermDebtIssuance4.76B9.80B9.78B12.41B
InvestingCashFlow-8.76B-7.34B-12.51B-13.69B
CashFromDiscontinuedInvestingActivities-6.92B-2.83B-1.98B
CashFlowFromContinuingInvestingActivities-1.84B-4.52B-10.53B-13.69B
NetOtherInvestingChanges1.72B20.87M
NetInvestmentPurchaseAndSale-553.49M-1.02B-1.25B0.00
PurchaseOfInvestment-553.49M-1.02B-1.25B0.00
NetBusinessPurchaseAndSale41.40M-88.07M-1.18B-3.81B
SaleOfBusiness41.40M45.74M39.00M145.63M
PurchaseOfBusiness0.00-133.81M-1.22B-3.96B
NetPPEPurchaseAndSale-3.05B-3.41B-8.11B-9.88B
SaleOfPPE203.90M18.57M43.62M1.41M
PurchaseOfPPE-3.25B-3.43B-8.15B-9.88B
OperatingCashFlow1.94B2.07B2.81B1.20B
CashFromDiscontinuedOperatingActivities-281.30M-294.02M-52.45M
CashFlowFromContinuingOperatingActivities2.22B2.36B2.86B1.20B
ChangeInWorkingCapital-543.70M-385.99M589.55M-809.89M
ChangeInOtherWorkingCapital-35.22M10.99M51.42M39.66M
ChangeInOtherCurrentLiabilities4.25M4.33M28.39M50.68M
ChangeInOtherCurrentAssets180.58M58.19M-69.98M-109.15M
ChangeInPayablesAndAccruedExpense88.38M35.26M93.03M-86.33M
ChangeInAccruedExpense104.01M36.89M-93.69M-121.83M
ChangeInPayable-15.63M-1.63M186.72M35.50M
ChangeInAccountPayable-15.63M-1.63M186.72M35.50M
ChangeInPrepaidAssets94.43M18.28M-35.19M
ChangeInReceivables-781.69M-494.76M486.70M-669.55M
ChangesInAccountReceivables-665.88M-106.48M-695.82M-37.99M
OtherNonCashItems110.72M140.62M-53.20M193.06M
StockBasedCompensation296.49M336.62M290.81M391.27M
ProvisionandWriteOffofAssets-13.17M18.29M9.93M10.07M
AssetImpairmentCharge0.003.01B12.76M0.00
DeferredTax-181.58M-295.93M-99.15M-48.46M
DeferredIncomeTax-181.58M-295.93M-99.15M-48.46M
DepreciationAmortizationDepletion3.35B3.48B3.22B2.66B
DepreciationAndAmortization3.35B3.48B3.22B2.66B
AmortizationCashFlow110.13M106.96M100.88M40.42M
AmortizationOfIntangibles110.13M106.96M100.88M40.42M
Depreciation3.24B3.37B3.12B2.62B
OperatingGainsLosses-31.32M-17.17M-5.09M-795.00K
EarningsLossesFromEquityInvestments347.00K-110.00K9.93M968.00K
GainLossOnSaleOfPPE-31.66M-12.05M-15.03M-1.76M
GainLossOnSaleOfBusiness0.00-5.01M0.000.00
NetIncomeFromContinuingOperations-770.91M-3.93B-1.10B-1.19B
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for GDS
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status