VNET Chart
About

VNET Group, Inc., an investment holding company, provides hosting and related services in China. The company offers managed hosting services consisting of managed retail services, such as colocation services that dedicate data center space to house customers' servers and networking equipment, as well as allow customers to lease partial or entire cabinets for their servers; interconnectivity services that allow customers to connect their servers; and value-added services, including hybrid IT, bare metal, firewall, server load balancing, data backup and recovery, data center management, server management, and standby server services. It also provides cloud services that allow customers to run applications over the internet using IT infrastructure; and VPN services that extend customers' private networks by setting up connections through the public internet. In addition, the company offers server administration services, such as operating system support and assistance with updates, server monitoring, server backup and restoration, server security evaluation, firewall services, and disaster recovery services. It serves information technology and cloud services, communications and social networking, gaming and entertainment, e-commerce, automobile, financial services, and blue-chip and small-to-mid-sized enterprises; government agencies; individuals; and telecommunication carriers. The company was formerly known as 21Vianet Group, Inc. and changed its name to VNET Group, Inc. in October 2021. VNET Group, Inc. was founded in 1996 and is headquartered in Beijing, China.

Fundamentals
Scroll to Statements
Sector Technology Industry Information Technology S Market Cap 3.18B
Enterprise Value 43.70B Income -582.78M Sales 9.51B
Book/sh 3.09 Cash/sh 2.94 Dividend Yield —
Payout 0.00% Employees 2581 IPO —
P/E — Forward P/E 117.81 PEG —
P/S 0.33 P/B 3.82 P/C —
EV/EBITDA 14.42 EV/Sales 4.60 Quick Ratio 0.60
Current Ratio 0.90 Debt/Eq 359.38 LT Debt/Eq —
EPS (ttm) -0.31 EPS next Y 0.10 EPS Growth —
Revenue Growth 21.70% Earnings 2026-03-11 ROA 1.47%
ROE -6.58% ROIC — Gross Margin 22.68%
Oper. Margin 7.97% Profit Margin -5.97% Shs Outstand 263.90M
Shs Float 862.86M Short Float 19.72% Short Ratio 5.05
Short Interest — 52W High 14.48 52W Low 4.65
Beta 0.01 Avg Volume 5.07M Volume 3.41M
Target Price $15.39 Recom Buy Prev Close $11.98
Price $11.81 Change -1.42%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$15.39
Mean price target
2. Current target
$11.98
Latest analyst target
3. DCF / Fair value
$-26.15
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.98
Low
$6.54
High
$27.38
Mean
$15.39

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-08-22 main B of A Securities Buy → Buy $13
2025-03-14 main Citigroup Buy → Buy $20
2024-11-29 main UBS Buy → Buy $7
2024-10-09 up HSBC Hold → Buy $5
2024-09-04 init Citigroup — → Buy $4
2024-03-19 up B of A Securities Neutral → Buy —
2023-06-12 down HSBC Buy → Hold $3
2022-09-01 down Credit Suisse Outperform → Neutral $6
2022-05-17 main Credit Suisse — → Outperform $8
2021-11-22 up HSBC Hold → Buy $17
2021-11-19 down Goldman Sachs Buy → Sell $12
2021-10-11 init HSBC — → Hold $19
2021-08-25 main Citigroup — → Buy $33
2021-08-17 init JP Morgan — → Overweight $27
2020-11-25 main B of A Securities — → Buy $40
2020-09-28 init B of A Securities — → Buy $35
2020-07-14 init UBS — → Buy $32
2018-10-03 init Jefferies — → Buy $14
2017-10-04 up Morgan Stanley Equal-Weight → Overweight —
2016-08-17 down JP Morgan Neutral → Underweight —
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems38.21M-531.73M-125.15M137.94M
TaxRateForCalcs0.250.250.250.17
NormalizedEBITDA2.32B1.76B1.74B1.44B
TotalUnusualItems152.82M-2.13B-500.61M823.62M
TotalUnusualItemsExcludingGoodwill152.82M-2.13B-500.61M823.62M
NetIncomeFromContinuingOperationNetMinorityInterest183.20M-2.64B-775.95M500.10M
ReconciledDepreciation1.60B1.81B1.60B1.27B
ReconciledCostOfRevenue6.43B6.12B5.71B4.75B
EBITDA2.47B-366.56M1.24B2.27B
EBIT875.66M-2.17B-357.15M1.00B
NetInterestIncome-373.02M-270.37M-241.73M-303.05M
InterestExpense400.98M312.17M273.31M334.95M
InterestIncome27.96M41.80M31.57M31.90M
NormalizedIncome68.58M-1.05B-400.50M-185.57M
NetIncomeFromContinuingAndDiscontinuedOperation183.20M-2.64B-775.95M500.10M
TotalExpenses7.59B7.51B6.94B6.06B
TotalOperatingIncomeAsReported669.44M-1.97B121.16M21.31M
DilutedAverageShares290.39M150.19M147.80M151.93M
BasicAverageShares265.60M150.19M147.80M144.23M
DilutedEPS0.12-17.58-5.22-2.16
BasicEPS0.66-17.58-5.223.42
DilutedNIAvailtoComStockholders40.63M-2.64B-775.95M-325.18M
AverageDilutionEarnings-127.49M0.000.00-819.45M
NetIncomeCommonStockholders168.12M-2.64B-775.95M494.27M
OtherunderPreferredStockDividend15.08M0.000.00
PreferredStockDividends5.83M
NetIncome183.20M-2.64B-775.95M500.10M
MinorityInterests-65.22M-46.67M-13.96M-15.00M
NetIncomeIncludingNoncontrollingInterests248.42M-2.60B-761.99M515.10M
NetIncomeContinuousOperations248.42M-2.60B-761.99M515.10M
EarningsFromEquityInterestNetOfTax7.97M3.28M1.93M-38.67M
TaxProvision234.23M114.37M133.46M111.41M
PretaxIncome474.69M-2.49B-630.46M665.17M
OtherIncomeExpense178.26M-2.12B-509.88M834.84M
OtherNonOperatingIncomeExpenses25.44M11.26M-9.27M11.22M
SpecialIncomeCharges246.18M-1.88B0.00-115.57M
OtherSpecialCharges-246.18M
WriteOff0.0011.17M0.006.30M
ImpairmentOfCapitalAssets0.001.87B0.00109.27M
GainOnSaleOfSecurity-93.35M-244.90M-500.61M939.18M
NetNonOperatingInterestIncomeExpense-373.02M-270.37M-241.73M-303.05M
InterestExpenseNonOperating400.98M312.17M273.31M334.95M
InterestIncomeNonOperating27.96M41.80M31.57M31.90M
OperatingIncome669.44M-100.02M121.16M133.39M
OperatingExpense1.16B1.39B1.24B1.30B
OtherOperatingExpenses-114.58M-106.27M-60.01M
ProvisionForDoubtfulAccounts107.90M368.50M35.41M18.40M
ResearchAndDevelopment246.61M322.22M306.84M188.49M
SellingGeneralAndAdministration922.79M808.06M954.86M1.10B
SellingAndMarketingExpense263.76M266.21M311.92M255.40M
GeneralAndAdministrativeExpense659.03M541.85M642.95M842.35M
OtherGandA659.03M541.85M642.95M842.35M
GrossProfit1.83B1.29B1.36B1.44B
CostOfRevenue6.43B6.12B5.71B4.75B
TotalRevenue8.26B7.41B7.07B6.19B
OperatingRevenue8.26B7.41B7.07B6.19B
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber28.35M30.78M30.78M2.57M
OrdinarySharesNumber1.61B1.54B890.71M888.14M
ShareIssued1.64B1.58B921.50M890.71M
NetDebt10.18B9.60B7.27B5.49B
TotalDebt18.09B17.17B14.76B11.12B
TangibleBookValue4.20B4.03B3.17B4.67B
InvestedCapital18.04B17.86B16.54B14.11B
WorkingCapital-2.52B-1.61B720.19M144.13M
NetTangibleAssets4.20B4.03B3.17B4.67B
CapitalLeaseObligations6.42B5.33B4.83B4.26B
CommonStockEquity6.37B6.01B6.61B7.24B
TotalCapitalization16.03B12.90B15.52B13.72B
TotalEquityGrossMinorityInterest6.92B6.51B6.98B7.60B
MinorityInterest554.92M499.97M372.24M358.77M
StockholdersEquity6.37B6.01B6.61B7.24B
GainsLossesNotAffectingRetainedEarnings88.88M66.27M89.02M-15.98M
OtherEquityAdjustments88.88M66.27M89.02M-15.98M
TreasuryStock161.89M326.95M349.52M349.52M
RetainedEarnings-10.86B-11.02B-8.37B-7.59B
AdditionalPaidInCapital17.30B17.29B15.24B15.20B
CapitalStock112.00K107.00K60.00K60.00K
CommonStock112.00K107.00K60.00K60.00K
PreferredStock0.00
TotalLiabilitiesNetMinorityInterest25.44B23.87B19.97B15.49B
TotalNonCurrentLiabilitiesNetMinorityInterest16.09B12.43B13.63B10.31B
OtherNonCurrentLiabilities107.85M98.46M87.17M77.57M
DerivativeProductLiabilities0.00188.71M0.00
DuetoRelatedPartiesNonCurrent0.00
TradeandOtherPayablesNonCurrent0.00
NonCurrentDeferredLiabilities1.01B833.47M685.25M350.70M
NonCurrentDeferredRevenue273.82M145.11M2.67M2.29M
NonCurrentDeferredTaxesLiabilities734.40M688.36M682.58M348.40M
LongTermDebtAndCapitalLeaseObligation14.98B11.31B12.86B9.89B
LongTermCapitalLeaseObligation5.31B4.43B3.95B3.40B
LongTermDebt9.67B6.88B8.91B6.48B
CurrentLiabilities9.34B11.44B6.33B5.18B
CurrentDeferredLiabilities1.47B1.71B1.26B1.10B
CurrentDeferredRevenue1.47B1.71B1.26B1.10B
CurrentDebtAndCapitalLeaseObligation3.12B5.86B1.90B1.24B
CurrentCapitalLeaseObligation1.11B895.97M880.55M852.03M
CurrentDebt2.01B4.96B1.02B384.16M
OtherCurrentBorrowings1.42B4.93B1.02B384.16M
LineOfCredit589.00M30.00M0.000.00
PensionandOtherPostRetirementBenefitPlansCurrent378.94M378.94M360.44M269.73M
PayablesAndAccruedExpenses4.37B3.49B2.81B2.57B
CurrentAccruedExpenses112.48M203.17M102.28M66.09M
InterestPayable2.58M77.17M35.78M3.60M
Payables4.26B3.29B2.71B2.51B
OtherPayable3.08B2.17B1.92B1.92B
DuetoRelatedPartiesCurrent355.68M356.08M6.93M30.33M
TotalTaxPayable118.22M70.59M73.72M68.86M
IncomeTaxPayable69.57M35.20M42.02M43.77M
AccountsPayable709.26M696.18M713.63M493.51M
TotalAssets32.36B30.39B26.95B23.10B
TotalNonCurrentAssets25.54B20.56B19.90B17.77B
OtherNonCurrentAssets423.97M534.20M552.07M1.97B
NonCurrentDeferredAssets306.62M247.64M196.10M168.00M
NonCurrentDeferredTaxesAssets306.62M247.64M196.10M168.00M
DuefromRelatedPartiesNonCurrent0.00
FinancialAssets6.77M0.00
InvestmentsAndAdvances794.69M757.95M242.19M98.24M
GoodwillAndOtherIntangibleAssets2.17B1.99B3.44B2.58B
OtherIntangibleAssets2.17B1.99B2.07B1.24B
Goodwill0.001.36B1.34B
NetPPE21.83B17.04B15.47B12.96B
AccumulatedDepreciation-8.50B-7.59B-5.67B-4.33B
GrossPPE30.33B24.63B21.14B17.29B
Leases6.04B5.82B4.82B3.30B
ConstructionInProgress4.53B3.44B2.77B3.24B
OtherProperties19.66B15.26B5.88B4.79B
MachineryFurnitureEquipment106.93M97.48M7.67B5.96B
Properties0.000.000.000.00
CurrentAssets6.82B9.82B7.05B5.32B
OtherCurrentAssets96.20M80.41M98.09M53.99M
RestrictedCash545.79M2.85B327.67M327.77M
PrepaidAssets1.33B1.38B1.05B1.01B
Receivables3.36B2.91B2.91B2.56B
ReceivablesAdjustmentsAllowances-189.50M-188.36M-134.57M-99.62M
DuefromRelatedPartiesCurrent336.36M277.24M152.09M167.97M
TaxesReceivable1.32B907.63M620.90M964.26M
AccruedInterestReceivable540.00K532.00K544.00K728.00K
NotesReceivable280.00K873.00K1.15M948.00K
LoansReceivable40.16M5.79M376.85M17.49M
AccountsReceivable1.85B1.90B1.90B1.50B
CashCashEquivalentsAndShortTermInvestments1.49B2.60B2.66B1.37B
OtherShortTermInvestments0.00356.82M0.000.00
CashAndCashEquivalents1.49B2.24B2.66B1.37B
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-3.12B-997.15M-660.39M-1.44B
RepurchaseOfCapitalStock0.000.00-1.70B
RepaymentOfDebt-6.21B-1.38B-676.44M-2.98B
IssuanceOfDebt5.68B3.21B2.97B5.64B
IssuanceOfCapitalStock0.002.13B0.000.00
CapitalExpenditure-5.13B-3.06B-3.10B-2.83B
InterestPaidSupplementalData434.19M251.07M222.41M259.76M
IncomeTaxPaidSupplementalData211.90M145.60M159.78M83.00M
EndCashPosition2.08B5.10B2.99B1.71B
BeginningCashPosition5.10B2.99B1.71B3.12B
EffectOfExchangeRateChanges-4.95M9.99M101.98M9.15M
ChangesInCash-3.01B2.10B1.18B-1.42B
FinancingCashFlow-627.65M3.94B2.30B967.58M
CashFlowFromContinuingFinancingActivities-627.65M3.94B2.30B967.58M
NetOtherFinancingCharges-92.46M-23.41M10.95M
ProceedsFromStockOptionExercised0.000.00472.00K
NetPreferredStockIssuance0.000.00
PreferredStockPayments0.000.00
PreferredStockIssuance0.000.00
NetCommonStockIssuance0.002.13B0.00-1.70B
CommonStockPayments0.000.00-1.70B
CommonStockIssuance0.002.13B0.000.00
NetIssuancePaymentsOfDebt-535.19M1.84B2.30B2.66B
NetShortTermDebtIssuance559.00M30.00M0.00-34.00M
ShortTermDebtPayments-259.02M0.000.00-34.00M
ShortTermDebtIssuance818.02M30.00M0.000.00
NetLongTermDebtIssuance-1.09B1.81B2.30B2.69B
LongTermDebtPayments-5.95B-1.38B-676.44M-2.95B
LongTermDebtIssuance4.86B3.18B2.97B5.64B
InvestingCashFlow-4.39B-3.91B-3.56B-3.77B
CashFlowFromContinuingInvestingActivities-4.39B-3.91B-3.56B-3.77B
NetOtherInvestingChanges-74.63M-12.85M-213.09M-75.34M
NetInvestmentPurchaseAndSale335.53M-876.04M-213.00M278.04M
SaleOfInvestment556.26M144.52M0.00347.64M
PurchaseOfInvestment-220.73M-1.02B-213.00M-69.61M
NetBusinessPurchaseAndSale200.00M12.71M-38.69M-1.16B
SaleOfBusiness200.00M12.71M300.00K30.00M
PurchaseOfBusiness0.000.00-38.99M-1.19B
NetIntangiblesPurchaseAndSale-204.70M-93.18M-105.00M-134.03M
SaleOfIntangibles0.000.00
PurchaseOfIntangibles-204.70M-93.18M-105.00M-134.03M
NetPPEPurchaseAndSale-4.65B-2.94B-2.99B-2.68B
SaleOfPPE276.82M31.70M6.13M10.22M
PurchaseOfPPE-4.92B-2.97B-3.00B-2.69B
OperatingCashFlow2.01B2.06B2.44B1.39B
CashFlowFromContinuingOperatingActivities2.01B2.06B2.44B1.39B
DividendReceivedCFO0.000.0015.23M0.00
ChangeInWorkingCapital-309.25M-66.82M382.86M-495.59M
ChangeInOtherWorkingCapital-91.15M603.02M160.44M-7.15M
ChangeInOtherCurrentLiabilities-449.06M-481.65M-465.24M-554.02M
ChangeInPayablesAndAccruedExpense193.72M174.94M444.28M533.89M
ChangeInAccruedExpense139.70M200.06M226.89M315.99M
ChangeInPayable54.01M-25.12M217.38M217.90M
ChangeInAccountPayable20.04M-24.43M220.13M195.73M
ChangeInTaxPayable34.37M-6.82M-1.75M14.74M
ChangeInIncomeTaxPayable34.37M-6.82M-1.75M14.74M
ChangeInPrepaidAssets114.98M-365.76M621.97M73.64M
ChangeInReceivables-77.74M2.63M-378.59M-541.95M
ChangesInAccountReceivables-62.05M-5.77M-381.19M-533.32M
OtherNonCashItems433.12M486.19M557.87M
StockBasedCompensation148.56M35.30M118.17M320.01M
UnrealizedGainLossOnInvestmentSecurities74.11M165.93M-22.63M-829.15M
ProvisionandWriteOffofAssets107.90M368.50M50.41M18.40M
AssetImpairmentCharge470.58M2.32B508.82M115.57M
DeferredTax-12.94M-43.15M17.89M325.00K
DeferredIncomeTax-12.94M-43.15M17.89M325.00K
DepreciationAmortizationDepletion1.60B1.81B1.60B1.27B
DepreciationAndAmortization1.60B1.81B1.60B1.27B
OperatingGainsLosses-320.24M78.39M535.51M-82.18M
EarningsLossesFromEquityInvestments-7.97M-3.28M-1.93M38.67M
NetForeignCurrencyExchangeGainLoss19.24M78.97M523.24M-110.04M
GainLossOnSaleOfPPE-126.60M3.20M15.59M6.34M
GainLossOnSaleOfBusiness0.00-495.00K-1.39M-17.15M
NetIncomeFromContinuingOperations248.42M-2.60B-761.99M515.10M
SEC Filings

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

Public Trades for VNET
Date User Asset Broker Type Position Size Entry Price Patterns