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GDS Holdings Limited (GDS)

被低估
TechnologyInformation Technology ServicesChina

基本面

49

价格

$30.77

市值

$6.26B

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第一部分 · 这家公司值多少

概览

GDS Holdings Limited, together with its subsidiaries, engages in the development and operation of data centers in the People's Republic of China. It provides 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. The company serves cloud service providers, large Internet companies, financial institutions, telecommunications carriers and IT service providers, large domestic private sector, and multinational corporations. GDS Holdings Limited was founded in 2001 and is headquartered in Shanghai, the People's Republic of China.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Generated on 2026年9月18日 with claude-haiku-4-5 — shared with all users

VNET Group, Inc. (世纪互联)VNET

The other US-listed carrier-neutral data centre operator in China, selling wholesale and retail colocation capacity to the same Chinese internet and cloud customers in the Beijing, Shanghai and Guangdong clusters.

Chindata Group Holdings Limited (秦淮数据)Not tracked

Private since Bain Capital took it off Nasdaq in 2023, it builds the same hyperscale campuses for the same handful of large Chinese cloud tenants that account for most of GDS's contracted capacity.

Beijing Sinnet Technology Co., Ltd. (北京光环新网科技股份有限公司)300383.SZ

A domestic carrier-neutral data centre operator concentrated in Beijing and the surrounding region, bidding for the same enterprise and cloud colocation contracts.

China Telecom Corporation Limited (中国电信股份有限公司)0728.HK

The largest state-owned carrier runs its own IDC estate and is named by GDS as a direct competitor for hosting and colocation spend, even though it also supplies GDS with connectivity.

Equinix, Inc.EQIX

The global carrier-neutral colocation operator competes with GDS both for multinational customers landing in Shanghai and Beijing and for the Southeast Asian expansion GDS pursues through its international arm.

信息来源: GDS Holdings Limited — Form 20-F (FY2017), competition from China Telecom, China Unicom, China Mobile and other carrier-neutral providersGDS Holdings Limited — Form 20-F (FY2019)VNET Group, Inc. — Form 20-F (FY2024)

资产负债表与流动性

营收

$12.26B

最近12个月（截至2026/6/30）

净利润

$3.74B

最近12个月（截至2026/6/30）

自由现金流

$-4.60B

股东权益合计

$4.38B

负债合计

$47.38B

流动比率

1.78

利息覆盖率

-

债务/EBITDA

8.61

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形被低估

公允价值

$49.02

当前价格

$30.77

安全边际

+37.2%

公允价值区间

$31.86 - $66.18

所用估值方法之间的离散区间，并非经过统计校准的置信区间。

估算方法

分析师目标价:$50.38
现金流折现法（DCF）:$31.25
市盈率法（P/E）:$96.52
格雷厄姆成长公式:$36.96
盈利能力价值（EPV）:$5.58
合理市净率（P/B）:$16.91
股息折现模型（戈登模型）:$0.42
P/FFO（运营资金）:数据不足，无法计算
周期中段收益:数据不足，无法计算
市销率法（P/S）:$30.16
分析师共识:强力买入 (14B / 1H / 0S)
最近财报超预期:+818.95%

估值指标

市盈率（P/E）

13.76

ROE

12.8%

市净率（P/B）

1.39

P/FCF

-

毛利率

24.8%

ROIC

2.7%

盈利能力雷达图

价值创造（经济护城河）

ROIC

2.7%

WACC

6.5%

ROIC − WACC

-3.8 pp

ROIC 低于资本成本：公司每投入一美元都在毁灭价值。

基本面分析标准

通过（8）

  • Price CAGR 14.43%
  • P/B Ratio 1.39
  • Current Ratio
  • ROE 12.8%
  • Revenue Growth 5Y 14.8%
  • Analyst Consensus 93% Buy
  • Earnings Surprise avg 3071.8%
  • Earnings Quality (OCF/NI) 4.00

未通过（8）

  • ROIC 2.7%
  • Gross Margin 24.8%
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • Debt/EBITDA
  • DCF valuation (Unknown)
  • Net Margin Trend 7.8% vs 32.7%
  • Piotroski F-Score 2/9

不可用（11）

  • EPS data insufficient
  • P/FCF NaN
  • Dividend Payout NaN%
  • Operating Margin NaN%
  • CapEx intensity
  • Interest Coverage
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Price below Graham Number
  • PEG Ratio (need PE > 0 and growth > 0)
  • Share Dilution (missing shares data)

Piotroski F-评分

2/9

存在严重财务隐患

score
criteria

盈利质量

4.00

高质量：盈利有现金流支撑

股权稀释

-

正在回购股份，对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
Mr. Wei HuangFounder, Chairman of the Board & CEO58
Mr. Daniel A. NewmanChief Financial Officer64
Ms. Laura ChenHead of Investor Relations-
Mr. Kejing ZhangExecutive Vice President of Sales & Service42
Ms. Yan LiangExecutive Vice President of Data Center Operation & Delivery50
Ms. Yixin QianExecutive Vice President of Operation53

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有：它帮助你在基本面说服你之后，选择何时买入。包含：技术分析、潜力、历史回撤、Gamma 敞口。

Latest News

Recent headlines for GDS, sourced from Markets Gazette.

  • 3/25/2026POSITIVE
    GDS Ends Years Of Losses On AI Demand And One-Time Gain

    GDS Holdings Limited has reported an end to its multi-year streak of losses, driven by robust demand for its data center services fueled by the artificial intelligence boom. The company also benefited from a significant one-time financial gain, details of which are yet to be fully disclosed. This turnaround signals a potential inflection point for the company, suggesting its strategic investments in AI-ready infrastructure are now yielding substantial operational and financial improvements. Investors will be closely watching for sustained profitability and further growth catalysts in the coming quarters.

via Markets Gazette