GDS Holdings

HK$21.22As of Sun 8 Nov 2026, 12:00 UTC

HKEX:9698Technology

Country Hong Kong

PE (Fwd) 29.57

TSR 6Y CAGR (21.30%)

Div yield —

ROE —

Information Technology Services

Beta (5Y) 0.46

PE TTM 33.17

TSR TTM (37.88%)

Mkt cap HK$33.47B

ROIC —

SE Grade™

—

Value

Quality

Moat

—

1Y Price

Reference

$22

6.00%

(68.95%)

Price above Reference Value

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

11.43

Revenue¥B

—

7.819

9.268

9.782

10.32

11.43

12.15

9.96%

10.76

Revenue growth%

—

18.54

5.55

5.52

10.76

6.27

8.15

—

22.62

Gross margin%

—

22.76

21.06

19.95

21.53

22.62

22.56

21.53

13.17

Operating margin%

—

7.28

7.83

8.20

11.12

13.17

13.19

8.20

7.83

Net margin%

—

(16.81)

(16.29)

(44.40)

32.44

7.83

7.85

(16.29)

100

33.17

P/E ratio (avg)x

—

3.669

52.84

31.14

28.25

—

100

19.72

EV/EBITx

—

143.1

44.99

22.87

10.70

31.42

18.54

31.42

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

0.54

EPS¥

—

(0.90)

(1.03)

(2.96)

2.27

0.54

0.58

(76.02%)

—

(76.02)

EPS growth%

—

(14.01)

(186.95)

176.74

(76.02)

6.49

(45.01)

—

Bookvalue per sh¥

—

FCF per share¥

—

Dividend per sh¥

—

Div yield (avg)%

—

Payout ratio%

—

1.645

Shares (diluted)B

—

1.453

1.464

1.468

1.475

1.645

◌1.645

3.15%

(11.49)

Buyback yield%

—

(0.79)

(0.26)

(0.47)

(11.49)

◌—

(0.63)

—

D/E ratiox

—

29.70

Enterprise value¥B

—

81.50

32.67

18.35

12.29

47.31

29.70

(12.72%)

100

—

LT debt¥M

—

100

Peers (US$4.479B)

Cap (US$)

Pony AI Inc.

2.064B

—

Greater Bay Area AI…

1.701B

—

Mega Fortune Company…

1.654B

—

Maase Inc.

4.506B

—

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

0.842

0.414

Own earn%

—

Sh yield%

(11.49)

(0.63)

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

2.54

Record

10Y

Profitable years

2/5

Revenue growth years

4/4

EPS growth years

1/4

Dividend streakyrs

Op margin range%

7–13

$1 testx

—

Incr. ROIC%

—

GDS Holdings Limited, together with its subsidiaries, engages in the development and operation of data centers in the People's Republic of China.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

¥11.43B

9.96%

1.00×

Cost of revenue

¥8.847B

10.01%

1.00×

Operating expenses

¥1.080B

(2.80%)

0.61×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m