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GDS Holdings Limited (9698.HK)
HKD32.30
+0.46 (+1.44%)
CN HKSE Technology Information Technology Services
Address
Building C, Sunland International 200137
Shanghai, CN
Shanghai, CN
CEO
Wei Huang
Website
gds-services.com
IPO
2020-11-02
ISIN KYG3902L1095
Also trades on
Hong Kong Stock Exchange · 9698.HK (HKD)
Mexican Stock Exchange · GDSN.MX (MXN)
NASDAQ Global Market · GDS (USD)
Description
GDS Holdings Limited operates and develops data centers throughout the People's Republic of China. The company provides a range of services, including colocation offerings that supply critical facility space, customer power, racks, and cooling. They also deliver managed hosting services, which cover essential functions like business continuity and disaster recovery, network management, data storage, system security, and support for operating systems, databases, and server middleware. Furthermore, GDS offers managed cloud solutions and consulting services. Their client base is broad, encompassing cloud service providers, major internet companies, financial institutions, telecommunications and IT service providers, along with prominent domestic private sector firms and multinational corporations. The company was established in 2001 and is based in Shanghai, China.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
HKD32.30
+0.46 (+1.44%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.38
Float Shares
1.07B
Free Float %
68.4%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.54% | -8.42% | -24.49% | -21.09% | +0.67% | -1.19% | +21.76% | +250.16% | -53.10% | -59.88% | -59.88% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (13 ratings, all time)
Buy
Price Targets & DCF
Current price
32.30
Quality scores
Altman Z-Score
0.87
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Information Technology Services: +10.1%+10.8% ★ Q1'26: +22.5% (vs Q1'25)
-
EPS growth Information Technology Services: +16.7%+871.9% ★ Q1'26: +197.7% (vs Q1'25)
-
FCF margin FCF growth · Information Technology Services: +32.8%-5.8% Q1'26: -9.7% (vs Q1'25)
-
EBIT margin Information Technology Services: +9.0%+13.2% ★ Q1'26: +27.0% (vs Q1'25)
-
ROIC Information Technology Services: +9.5%+1.7% Q1'26: +5.4% (vs Q1'25)
-
Share dilution Information Technology Services: +0.0%-86.0% ★ Q1'26: +13.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Information Technology Services: -0.83×9.58× Q1'26: 6.81× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 19 Rev. Ana. 3 EPS Ana. |
Dec 2027 17 Rev. Ana. 4 EPS Ana. |
Dec 2028 9 Rev. Ana. 3 EPS Ana. |
Dec 2029 14 Rev. Ana. 2 EPS Ana. |
Dec 2030 8 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1.06B
est: 1.18B (-10.1%)
|
1.62B
est: 1.89B (-14.6%)
|
2.79B
est: 3.18B (-12.2%)
|
4.12B
est: 4.60B (-10.4%)
|
5.74B
est: 6.84B (-16.1%)
|
7.82B
est: 9.53B (-18.0%)
|
9.33B
est: 10.41B (-10.4%)
|
9.96B
est: 10.92B (-8.8%)
|
10.32B
est: 11.61B (-11.1%)
|
11.43B
est: 11.50B (-0.5%)
|
12.72B
12.22B – 13.32B
+10.6% YoY
|
14.39B
13.59B – 16.20B
+13.2% YoY
|
17.08B
16.25B – 18.59B
+18.6% YoY
|
17.10B
16.28B – 18.62B
+0.1% YoY
|
18.93B
18.02B – 20.61B
+10.7% YoY
|
| EBITDA |
187.48M
est: 430.82M (-56.5%)
|
463.86M
est: 693.45M (-33.1%)
|
918.52M
est: 1.17B (-21.2%)
|
1.62B
est: 1.69B (-3.8%)
|
2.34B
est: 2.51B (-6.5%)
|
3.23B
est: 3.50B (-7.7%)
|
4.19B
est: 3.82B (+9.8%)
|
1.36B
est: 4.00B (-65.9%)
|
4.39B
est: 5.15B (-14.7%)
|
4.96B
est: 5.10B (-2.6%)
|
5.64B
5.42B – 5.91B
+10.6% YoY
|
6.38B
6.03B – 7.18B
+13.2% YoY
|
7.57B
7.21B – 8.25B
+18.6% YoY
|
7.58B
7.22B – 8.26B
+0.1% YoY
|
8.39B
7.99B – 9.14B
+10.7% YoY
|
| EBIT |
-19.49M
est: 40.59M (-148.0%)
|
82.23M
est: 65.34M (+25.9%)
|
168.36M
est: 109.87M (+53.2%)
|
479.78M
est: 158.92M (+201.9%)
|
672.94M
est: 236.24M (+184.9%)
|
569.52M
est: 329.33M (+72.9%)
|
898.00M
est: 359.54M (+149.8%)
|
-2.26B
est: 377.23M (-700.0%)
|
1.15B
est: 2.25B (-48.8%)
|
1.51B
est: 2.23B (-32.4%)
|
2.46B
2.37B – 2.58B
+10.6% YoY
|
2.79B
2.63B – 3.14B
+13.2% YoY
|
3.31B
3.15B – 3.60B
+18.6% YoY
|
3.31B
3.15B – 3.61B
+0.1% YoY
|
3.67B
3.49B – 3.99B
+10.7% YoY
|
| Net Income |
-276.41M
est: -699.53M (+60.5%)
|
-326.90M
est: -334.70M (+2.3%)
|
-430.27M
est: -297.69M (-44.5%)
|
-442.08M
est: -284.02M (-55.7%)
|
-669.21M
est: -358.15M (-86.9%)
|
-1.19B
est: -758.17M (-57.1%)
|
-1.27B
est: -1.35B (+5.9%)
|
-4.29B
est: -1.59B (-169.1%)
|
3.43B
est: -165.14M (+2,174.2%)
|
949.64M
est: 201.51M (+371.3%)
|
115.03M
20.64M – 274.91M
-42.9% YoY
|
50.59M
-61.23M – 97.52M
-56.0% YoY
|
85.10M
79.78M – 94.93M
+68.2% YoY
|
13.25M
12.42M – 14.77M
-84.4% YoY
|
21.56M
20.21M – 24.05M
+62.7% YoY
|
| SGA |
298.95M
est: 158.08M (+89.1%)
|
318.98M
est: 254.44M (+25.4%)
|
440.17M
est: 427.89M (+2.9%)
|
541.32M
est: 618.88M (-12.5%)
|
837.46M
est: 920.01M (-9.0%)
|
1.17B
est: 1.28B (-8.7%)
|
1.34B
est: 1.40B (-4.6%)
|
1.33B
est: 1.47B (-9.5%)
|
1.03B
est: 1.44B (-28.0%)
|
1.05B
est: 1.42B (-26.3%)
|
1.57B
1.51B – 1.65B
+10.6% YoY
|
1.78B
1.68B – 2.00B
+13.2% YoY
|
2.11B
2.01B – 2.30B
+18.6% YoY
|
2.11B
2.01B – 2.30B
+0.1% YoY
|
2.34B
2.23B – 2.55B
+10.7% YoY
|
| EPS |
-0.92
est: -0.48 (-93.1%)
|
-0.42
est: -0.23 (-84.2%)
|
-0.43
est: -0.20 (-112.1%)
|
-0.40
est: -0.19 (-106.8%)
|
-0.53
est: -0.24 (-117.3%)
|
-0.82
est: -0.52 (-58.8%)
|
-0.86
est: -0.92 (+6.2%)
|
-2.96
est: -1.09 (-172.6%)
|
-0.57
est: -0.80 (+29.0%)
|
4.71
est: 0.98 (+380.5%)
|
0.56
0.10 – 1.34
-42.9% YoY
|
0.25
-0.30 – 0.47
-56.0% YoY
|
0.41
0.39 – 0.46
+68.2% YoY
|
0.06
0.06 – 0.07
-84.4% YoY
|
0.10
0.10 – 0.12
+62.7% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-26 | B- | 3/5 | 1/5 | 3/5 | 3/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-22 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-21 | B | 3/5 | 1/5 | 4/5 | 4/5 | 1/5 | 3/5 | 4/5 |
| 2026-05-20 | B | 3/5 | 1/5 | 3/5 | 3/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-19 | B | 3/5 | 1/5 | 3/5 | 3/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-18 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-15 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-14 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-13 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-12 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-11 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-08 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-07 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-06 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-05 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-05-04 | B- | 2/5 | 1/5 | 3/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-30 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-29 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-28 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-27 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-24 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-23 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-22 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-21 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-20 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-17 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-16 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-15 | C+ | 2/5 | 1/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
346.59M
OE per share TTM
5.80
Owner's Yield
0.66%
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
496.0%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
661.5K
Shares Outstanding
1.56B
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Daniel A. Newman | Chief Financial Officer | — | male |
| Kejing Zhang | Executive Vice President of Sales & Service | — | male |
| Laura Chen | Head of Investor Relations | — | female |
| Wei Huang | Founder, Chairman of the Board & Chief Executive Officer | — | male |
| Yan Liang | Executive Vice President of Data Center Operation & Delivery | — | female |
| Yixin Qian | Executive Vice President of Operation | — | female |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for 9698.HK
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
