GDS

GDS Holdings Limited

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21.92 USD -1.24 -5.35%
As of Oct 30, 2026 Extended hours 21.71 -0.96%
Bid
21.92 × 2
Ask
21.96 × 2
21.66 Day range 22.38
21.92 52-week range 47.52
YTD
-37.19%
1 year
-38.31%
Open
22.35
Prev close
23.16
Mkt cap
4.39B
Vol
2.17M
Avg vol
1.88M
EPS
2.15
P/E
10.20
Div yield
0.00%
More statistics
Low
21.66
High
22.38
Forward P/E
1731.56
Beta
0.42
Short ratio
6.73
Inst. own
53.88%
Dividend
0.00
Ex-div date
Earnings
Nov 18, 2026
50-d avg
29.61
200-d avg
36.50
1y target
49.39

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GDS five-day price chart21.722.222.823.424.0Oct 26Oct 27Oct 28Oct 29Oct 30

Financial health

Altman Z-Score

0.65 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

5 / 9 Average

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

A-4 / 5 overall

  • DCF 5
  • Return on Equity 3
  • Return on Assets 3
  • Debt / Equity 1
  • P/E 4
  • P/B 5

Valuation

P/E 52.6×
FY 2016: -5.5×FY 2017: -44.6×FY 2018: -46.1×FY 2019: -88.0×FY 2020: -127×FY 2021: -41.6×FY 2022: -17.3×FY 2023: -2.7×FY 2024: -41.7×FY 2025: 52.6×
FY 2016 5y median -17.3× FY 2025
P/S 4.1×
FY 2016: 2.1×FY 2017: 9.1×FY 2018: 7.0×FY 2019: 10.6×FY 2020: 16.5×FY 2021: 7.0×FY 2022: 2.8×FY 2023: 1.2×FY 2024: 3.1×FY 2025: 4.1×
FY 2016 5y median 3.1× FY 2025
P/B 1.7×
FY 2016: 0.7×FY 2017: 3.3×FY 2018: 3.6×FY 2019: 4.3×FY 2020: 3.7×FY 2021: 2.2×FY 2022: 1.1×FY 2023: 0.6×FY 2024: 1.4×FY 2025: 1.7×
FY 2016 5y median 1.4× FY 2025
P/FCF -34.9×
FY 2016: -2.0×FY 2017: -7.6×FY 2018: -4.6×FY 2019: -10.3×FY 2020: -12.3×FY 2021: -6.3×FY 2022: -5.3×FY 2023: -2.8×FY 2024: -25977×FY 2025: -34.9×
FY 2016 5y median -6.3× FY 2025
EV/EBITDA 13.1×
FY 2016: 22.7×FY 2017: 42.6×FY 2018: 31.6×FY 2019: 33.9×FY 2020: 42.5×FY 2021: 24.4×FY 2022: 15.1×FY 2023: 38.1×FY 2024: 14.7×FY 2025: 13.1×
FY 2016 5y median 15.1× FY 2025
EV/Sales 7.0×
FY 2016: 4.5×FY 2017: 12.0×FY 2018: 10.8×FY 2019: 13.3×FY 2020: 18.0×FY 2021: 10.5×FY 2022: 6.7×FY 2023: 5.2×FY 2024: 6.6×FY 2025: 7.0×
FY 2016 5y median 6.7× FY 2025
FCF Yield -2.9%
FY 2016: -51.0%FY 2017: -13.2%FY 2018: -21.7%FY 2019: -9.7%FY 2020: -8.1%FY 2021: -16.0%FY 2022: -19.0%FY 2023: -35.7%FY 2024: -0.0%FY 2025: -2.9%
FY 2016 5y median -16.0% FY 2025

Profitability

Gross Margin 22.6%
FY 2016: 25.2%FY 2017: 25.3%FY 2018: 22.3%FY 2019: 25.3%FY 2020: 27.0%FY 2021: 22.8%FY 2022: 20.8%FY 2023: 19.3%FY 2024: 21.5%FY 2025: 22.6%
FY 2016 5y median 21.5% FY 2025
Operating Margin 13.4%
FY 2016: -4.0%FY 2017: 5.1%FY 2018: 6.0%FY 2019: 11.6%FY 2020: 11.7%FY 2021: 7.3%FY 2022: 5.9%FY 2023: -24.7%FY 2024: 11.2%FY 2025: 13.4%
FY 2016 5y median 7.3% FY 2025
Net Margin 8.3%
FY 2016: -26.2%FY 2017: -20.2%FY 2018: -15.4%FY 2019: -10.7%FY 2020: -11.9%FY 2021: -15.2%FY 2022: -13.6%FY 2023: -43.1%FY 2024: 32.0%FY 2025: 8.3%
FY 2016 5y median -13.6% FY 2025
ROE 3.5%
FY 2016: -9.3%FY 2017: -7.3%FY 2018: -7.8%FY 2019: -4.3%FY 2020: -2.7%FY 2021: -4.9%FY 2022: -5.3%FY 2023: -21.5%FY 2024: 14.0%FY 2025: 3.5%
FY 2016 5y median -4.9% FY 2025
ROIC 1.3%
FY 2016: -0.6%FY 2017: 0.7%FY 2018: 0.9%FY 2019: 1.7%FY 2020: 1.3%FY 2021: 0.9%FY 2022: 0.8%FY 2023: -3.5%FY 2024: 1.7%FY 2025: 1.3%
FY 2016 5y median 0.9% FY 2025
ROA 1.2%
FY 2016: -3.4%FY 2017: -2.5%FY 2018: -2.1%FY 2019: -1.4%FY 2020: -1.2%FY 2021: -1.7%FY 2022: -1.7%FY 2023: -5.8%FY 2024: 4.5%FY 2025: 1.2%
FY 2016 5y median -1.7% FY 2025

Growth (YoY)

Revenue 10.8%
FY 2016: 50.1%FY 2017: 53.1%FY 2018: 72.8%FY 2019: 47.6%FY 2020: 39.2%FY 2021: 36.2%FY 2022: 19.3%FY 2023: 6.8%FY 2024: 3.7%FY 2025: 10.8%
FY 2016 FY 2025
Operating Income 33.4%
FY 2016: -3381.8%FY 2017: 294.1%FY 2018: 104.7%FY 2019: 185.0%FY 2020: 40.3%FY 2021: -15.4%FY 2022: -3.1%FY 2023: -545.6%FY 2024: 146.9%FY 2025: 33.4%
FY 2016 FY 2025
EPS (diluted) -76.7%
FY 2016: -141.1%FY 2017: 68.9%FY 2018: -2.4%FY 2019: -4.7%FY 2020: -24.4%FY 2021: -60.7%FY 2022: -14.4%FY 2023: -187.4%FY 2024: 176.7%FY 2025: -76.7%
FY 2016 FY 2025
Free Cash Flow -107773.7%
FY 2016: -39.9%FY 2017: -70.0%FY 2018: -120.7%FY 2019: 0.3%FY 2020: -80.8%FY 2021: -12.7%FY 2022: 43.0%FY 2023: 15.3%FY 2024: 100.0%FY 2025: -107773.7%
FY 2016 FY 2025

Financial Health

Current Ratio 2.6×
FY 2016: 1.5×FY 2017: 1.0×FY 2018: 0.9×FY 2019: 1.8×FY 2020: 2.4×FY 2021: 1.1×FY 2022: 1.1×FY 2023: 1.3×FY 2024: 1.3×FY 2025: 2.6×
FY 2016 5y median 1.3× FY 2025
Quick Ratio 2.6×
FY 2016: 1.4×FY 2017: 1.0×FY 2018: 0.8×FY 2019: 1.7×FY 2020: 2.4×FY 2021: 1.1×FY 2022: 1.1×FY 2023: 1.3×FY 2024: 1.3×FY 2025: 2.6×
FY 2016 5y median 1.3× FY 2025
Debt / Equity 1.8×
FY 2016: 1.4×FY 2017: 1.5×FY 2018: 2.3×FY 2019: 1.6×FY 2020: 1.0×FY 2021: 1.5×FY 2022: 1.9×FY 2023: 2.4×FY 2024: 1.9×FY 2025: 1.8×
FY 2016 5y median 1.9× FY 2025
Net Debt / EBITDA 5.5×
FY 2016: 11.9×FY 2017: 10.5×FY 2018: 11.1×FY 2019: 6.9×FY 2020: 3.4×FY 2021: 8.3×FY 2022: 8.8×FY 2023: 29.5×FY 2024: 7.8×FY 2025: 5.5×
FY 2016 5y median 8.3× FY 2025
Interest Coverage 0.9×
FY 2016: -0.2×FY 2017: 0.2×FY 2018: 0.3×FY 2019: 0.5×FY 2020: 0.5×FY 2021: 0.3×FY 2022: 0.3×FY 2023: -1.2×FY 2024: 0.6×FY 2025: 0.9×
FY 2016 5y median 0.3× FY 2025

Dividends

Dividend Yield 0.1%
FY 2016: 3.4%FY 2017: 0.0%FY 2018: 0.0%FY 2019: 0.1%FY 2020: 0.1%FY 2021: 0.1%FY 2022: 0.2%FY 2023: 0.5%FY 2024: 0.0%FY 2025: 0.1%
FY 2016 5y median 0.1% FY 2025
Payout Ratio 5.7%
FY 2016: -27.7%FY 2017: 0.0%FY 2018: 0.0%FY 2019: -5.7%FY 2020: -9.6%FY 2021: -4.1%FY 2022: -4.1%FY 2023: -1.3%FY 2024: 0.0%FY 2025: 5.7%
FY 2016 5y median -1.3% FY 2025

Annual · latest fiscal year ends 2025-12-31