Loading...

GDS Holdings

Nasdaq:GDS
Snowflake Description

High growth potential with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GDS
Nasdaq
$5B
Market Cap
  1. Home
  2. US
  3. Software
Company description

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The last earnings update was 12 days ago. More info.


Add to Portfolio Compare Print
GDS Share Price and Events
7 Day Returns
-10.7%
NasdaqGM:GDS
-0.5%
US IT
-1.4%
US Market
1 Year Returns
-19.6%
NasdaqGM:GDS
20.2%
US IT
1.6%
US Market
GDS Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
GDS Holdings (GDS) -10.7% -12.3% 1.5% -19.6% - -
US IT -0.5% 0.4% 9.1% 20.2% 79.3% 102.8%
US Market -1.4% -3.9% 0.2% 1.6% 33.2% 38.2%
1 Year Return vs Industry and Market
  • GDS underperformed the IT industry which returned 20.2% over the past year.
  • GDS underperformed the Market in United States of America which returned 1.6% over the past year.
Price Volatility
GDS
Industry
5yr Volatility vs Market

GDS Value

 Is GDS Holdings undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of GDS Holdings to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for GDS Holdings.

NasdaqGM:GDS Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGM:GDS
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
IT Unlevered Beta Simply Wall St/ S&P Global 1.05
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.055 (1 + (1- 25%) (43.45%))
1.267
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.27
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.267 * 5.96%)
10.28%

Discounted Cash Flow Calculation for NasdaqGM:GDS using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for GDS Holdings is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGM:GDS DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (CNY, Millions) Source Present Value
Discounted (@ 10.28%)
2019 -3,613.74 Analyst x5 -3,276.83
2020 -2,691.76 Analyst x5 -2,213.25
2021 -1,163.36 Analyst x2 -867.38
2022 -453.51 Analyst x2 -306.61
2023 654.62 Analyst x2 401.31
2024 1,057.21 Est @ 61.5% 587.69
2025 1,520.98 Est @ 43.87% 766.67
2026 2,000.50 Est @ 31.53% 914.37
2027 2,458.38 Est @ 22.89% 1,018.89
2028 2,872.38 Est @ 16.84% 1,079.49
Present value of next 10 years cash flows CN¥-1,895.64
NasdaqGM:GDS DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= CN¥2,872.38 × (1 + 2.73%) ÷ (10.28% – 2.73%)
CN¥39,076.29
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= CN¥39,076.29 ÷ (1 + 10.28%)10
CN¥14,685.61
NasdaqGM:GDS Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= CN¥-1,895.64 + CN¥14,685.61
CN¥12,789.96
Equity Value per Share
(CNY)
= Total value / Shares Outstanding
= CN¥12,789.96 / 139.62
CN¥91.61
NasdaqGM:GDS Discount to Share Price
Calculation Result
Exchange Rate CNY/USD
(Reporting currency to currency of NasdaqGM:GDS)
0.145
Value per Share
(USD)
= Value per Share in CNY x Exchange Rate (CNY/USD)
= CN¥91.61 x 0.145
$13.28
Value per share (USD) From above. $13.28
Current discount Discount to share price of $33.55
= -1 x ($33.55 - $13.28) / $13.28
-152.7%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of GDS Holdings is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for GDS Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are GDS Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGM:GDS PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in CNY CN¥-3.98
NasdaqGM:GDS Share Price ** NasdaqGM (2019-05-24) in USD $33.55
NasdaqGM:GDS Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.9 CN¥231.5
United States of America IT Industry PE Ratio Median Figure of 77 Publicly-Listed IT Companies 32.91x
United States of America Market PE Ratio Median Figure of 3,084 Publicly-Listed Companies 17.44x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of GDS Holdings.

NasdaqGM:GDS PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGM:GDS Share Price ÷ EPS (both in CNY)

= 231.5 ÷ -3.98

-58.19x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GDS Holdings is loss making, we can't compare its value to the US IT industry average.
  • GDS Holdings is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does GDS Holdings's expected growth come at a high price?
Raw Data
NasdaqGM:GDS PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -58.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
68.9%per year
United States of America IT Industry PEG Ratio Median Figure of 65 Publicly-Listed IT Companies 2.27x
United States of America Market PEG Ratio Median Figure of 2,121 Publicly-Listed Companies 1.51x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for GDS Holdings, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on GDS Holdings's assets?
Raw Data
NasdaqGM:GDS PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in CNY CN¥65.65
NasdaqGM:GDS Share Price * NasdaqGM (2019-05-24) in USD $33.55
NasdaqGM:GDS Share Price converted to CNY reporting currency Exchange rate (USD/ CNY) 6.9 CN¥231.5
United States of America IT Industry PB Ratio Median Figure of 127 Publicly-Listed IT Companies 4.34x
United States of America Market PB Ratio Median Figure of 5,207 Publicly-Listed Companies 1.8x
NasdaqGM:GDS PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGM:GDS Share Price ÷ Book Value per Share (both in CNY)

= 231.5 ÷ 65.65

3.53x

* Primary Listing of GDS Holdings.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • GDS Holdings is good value based on assets compared to the US IT industry average.
X
Value checks
We assess GDS Holdings's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the IT industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the IT industry average (and greater than 0)? (1 check)
  5. GDS Holdings has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GDS Future Performance

 How is GDS Holdings expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
68.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is GDS Holdings expected to grow at an attractive rate?
  • GDS Holdings's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • GDS Holdings's earnings growth is expected to exceed the United States of America market average.
  • GDS Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGM:GDS Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGM:GDS Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 68.9%
NasdaqGM:GDS Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 24.9%
United States of America IT Industry Earnings Growth Rate Market Cap Weighted Average 16.3%
United States of America IT Industry Revenue Growth Rate Market Cap Weighted Average 10.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGM:GDS Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in CNY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGM:GDS Future Estimates Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 10,934 4,007 1,986 3
2022-12-31 9,240 3,144 1,389 3
2021-12-31 7,627 2,258 623 6
2020-12-31 5,824 1,703 72 10
2019-12-31 4,129 848 -414 10
NasdaqGM:GDS Past Financials Data
Date (Data in CNY Millions) Revenue Cash Flow Net Income *
2019-03-31 3,122 71 -499
2018-12-31 2,792 -13 -430
2018-09-30 2,468 -160 -424
2018-06-30 2,130 -253 -395
2018-03-31 1,828 -294 -369
2017-12-31 1,616 -168 -327
2017-09-30 1,422 -167 -314
2017-06-30 1,295 -308
2017-03-31 1,195 -146 -377
2016-12-31 1,056 -129 -403
2016-09-30 953 -154 -357
2016-06-30 846 -89 -326

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • GDS Holdings's earnings are expected to grow significantly at over 20% yearly.
  • GDS Holdings's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGM:GDS Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from GDS Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GDS Future Estimates Data
Date (Data in CNY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31 -1.93 -1.93 -1.93 1.00
2022-12-31 -2.20 -2.20 -2.20 1.00
2021-12-31 1.75 2.29 1.21 2.00
2020-12-31 0.18 0.22 0.14 2.00
2019-12-31 -2.51 -0.50 -3.58 7.00
NasdaqGM:GDS Past Financials Data
Date (Data in CNY Millions) EPS *
2019-03-31 -3.98
2018-12-31 -3.48
2018-09-30 -3.55
2018-06-30 -3.53
2018-03-31 -3.52
2017-12-31 -3.33
2017-09-30 -3.56
2017-06-30 -4.32
2017-03-31 -6.94
2016-12-31 -10.79
2016-09-30 -13.11
2016-06-30 -11.97

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • GDS Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess GDS Holdings's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
GDS Holdings has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GDS Past Performance

  How has GDS Holdings performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare GDS Holdings's growth in the last year to its industry (IT).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • GDS Holdings does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare GDS Holdings's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare GDS Holdings's 1-year growth to the US IT industry average as it is not currently profitable.
Earnings and Revenue History
GDS Holdings's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from GDS Holdings Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGM:GDS Past Revenue, Cash Flow and Net Income Data
Date (Data in CNY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 3,121.69 -499.28 468.52 15.88
2018-12-31 2,792.08 -430.27 440.17 13.92
2018-09-30 2,468.03 -423.90 408.13 11.73
2018-06-30 2,129.64 -394.88 376.37 10.47
2018-03-31 1,828.35 -368.52 338.74 8.48
2017-12-31 1,616.17 -326.90 318.98 7.26
2017-09-30 1,422.36 -314.09 300.59 6.90
2017-06-30 1,295.08 -307.64 274.20 7.00
2017-03-31 1,194.90 -376.79 326.75 8.57
2016-12-31 1,055.96 -403.40 298.95 9.10
2016-09-30 953.38 -357.36 277.57 8.42
2016-06-30 845.98 -326.14 269.99 7.06
2016-03-31 762.34 -234.41 187.36 4.91
2015-12-31 703.64 -216.64 186.30 3.55
2014-12-31 468.34 -309.14 154.27 1.60

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if GDS Holdings has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • GDS Holdings used its assets less efficiently than the US IT industry average last year based on Return on Assets.
  • It is difficult to establish if GDS Holdings improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess GDS Holdings's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the IT industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
GDS Holdings has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GDS Health

 How is GDS Holdings's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up GDS Holdings's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • GDS Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • GDS Holdings's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of GDS Holdings's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from GDS Holdings Company Filings, last reported 1 month ago.

NasdaqGM:GDS Past Debt and Equity Data
Date (Data in CNY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 9,422.71 14,044.20 6,001.21
2018-12-31 5,521.93 12,792.97 2,161.62
2018-09-30 5,597.59 12,306.68 3,491.69
2018-06-30 5,658.09 11,673.17 4,450.96
2018-03-31 5,651.71 7,606.24 2,978.63
2017-12-31 4,475.51 6,651.24 1,873.45
2017-09-30 2,824.12 5,942.02 1,174.08
2017-06-30 2,890.44 5,485.86 1,466.01
2017-03-31 2,949.40 4,470.25 1,527.32
2016-12-31 2,986.47 4,290.26 1,811.32
2016-09-30 1,892.81 3,931.64 798.73
2016-06-30 1,953.16 3,464.92 834.48
2016-03-31 2,054.81 2,573.62 924.50
2015-12-31 2,054.81 2,573.62 924.50
2014-12-31 2,147.47 1,219.79 606.76
  • GDS Holdings's level of debt (149%) compared to net worth is high (greater than 40%).
  • Unable to establish if GDS Holdings's debt level has increased without past 5-year debt data.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • GDS Holdings has sufficient cash runway for 1.4 years based on current free cash flow.
  • GDS Holdings has sufficient cash runway for 1.3 years if free cash flow continues to grow at historical rates of 56% each year.
X
Financial health checks
We assess GDS Holdings's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. GDS Holdings has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GDS Dividends

 What is GDS Holdings's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from GDS Holdings dividends. Estimated to be 0% next year.
If you bought $2,000 of GDS Holdings shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate GDS Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate GDS Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGM:GDS Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
United States of America IT Industry Average Dividend Yield Market Cap Weighted Average of 35 Stocks 1.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2007 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGM:GDS Future Dividends Estimate Data
Date (Data in CN¥) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31 0.00 1.00
2021-12-31 0.00 5.00
2020-12-31 0.00 5.00
2019-12-31 0.00 5.00

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as GDS Holdings has not reported any payouts.
  • Unable to verify if GDS Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of GDS Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as GDS Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of GDS Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess GDS Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can GDS Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. GDS Holdings has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GDS Management

 What is the CEO of GDS Holdings's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
William Wei Huang
COMPENSATION CN¥0
AGE 51
TENURE AS CEO 15.3 years
CEO Bio

Mr. William Wei Huang has been the Chief Executive Officer of GDS Holdings Limited since 2004 and has been its Chairman since 2002. Mr. Huang is the Founder of GDS Holdings Limited. Mr. Huang serves as Chief Executive Officer and Chairman of the Board of Global Data Solutions Ltd. He served as a Senior Vice President of Shanghai Meining Computer Software Co., Ltd., which operates StockStar.com, Vice President of Ego Electronic Commerce Co., Ltd., and as General Manager of Shanghai Huayang Computer Co., Ltd. He served as a Vice President of Business Development at StockStar.com (China 's online stock trading and financial information portal), General Manager of ego365.com (an online commerce network for food stuff), and Marketing Director of China for International Distillery Venture. Mr. Huang serves as a Director of FINTEL Group Ltd. Since 2004, he has also served as a Director of Haitong-Fortis Private Equity Fund Management Co., Ltd. He served as a Director of MKA Capital Inc. (Formerly Known as Financial Telecom Limited USA Inc.) since November 17, 2004. Mr. Huang holds a Bachelor of Science degree from Shanghai University of Science and Technology.

CEO Compensation
  • Insufficient data for William Wei to compare compensation growth.
  • William Wei's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the GDS Holdings management team in years:

7
Average Tenure
47
Average Age
  • The average tenure for the GDS Holdings management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

William Wei Huang

TITLE
Chairman of the Board & CEO
AGE
51
TENURE
15.3 yrs

Daniel Newman

TITLE
Chief Financial Officer
AGE
57
TENURE
7.7 yrs

Jamie Khoo

TITLE
Chief Operating Officer
AGE
53
TENURE
0.3 yrs

Laura Chen

TITLE
Head of Investor Relations

Xu Wei

TITLE
Senior Vice President of Sales
AGE
46
TENURE
6.3 yrs

Yilin Chen

TITLE
Senior Vice President of Product & Service Business
AGE
47
TENURE
11.3 yrs

Liang Chen

TITLE
Senior Vice President of Design
AGE
43
TENURE
4.3 yrs

Yan Liang

TITLE
Senior Vice President of Operation & Delivery
AGE
43
Board of Directors Tenure

Average tenure and age of the GDS Holdings board of directors in years:

5.3
Average Tenure
58.5
Average Age
  • The tenure for the GDS Holdings board of directors is about average.
Board of Directors

William Wei Huang

TITLE
Chairman of the Board & CEO
AGE
51
TENURE
17.3 yrs

Tat Sio

TITLE
Vice-Chairman
AGE
70
TENURE
5.3 yrs

Bruno Lopez

TITLE
Director
AGE
54
TENURE
5.3 yrs

Ah Doo Lim

TITLE
Independent Director
AGE
69
TENURE
5.3 yrs

Satoshi Okada

TITLE
Director
AGE
59
TENURE
5.3 yrs

Choong Lee

TITLE
Director
AGE
61
TENURE
5.3 yrs

Bin Yu

TITLE
Independent Director
AGE
48
TENURE
2.5 yrs

Zulkifli Bin Baharudin

TITLE
Independent Director
AGE
58
TENURE
2.5 yrs

Qiang Chang Sun

TITLE
Independent Director
AGE
61
TENURE
2.1 yrs

Gary Wojtaszek

TITLE
Director
AGE
52
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
16. Apr 19 Sell CyrusOne Inc. Company 12. Apr 19 12. Apr 19 -5,730,659 $34.90 $-199,999,999
X
Management checks
We assess GDS Holdings's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. GDS Holdings has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GDS News

Simply Wall St News

Does GDS Holdings's Share Price Gain of 15% Match Its Business Performance?

Given that GDS Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … GDS Holdings grew its revenue by 74% last year. … The solid 15% share price gain goes down pretty well, but it's not necessarily as good as you might expect given the top notch revenue growth.

Simply Wall St -

When Will GDS Holdings Limited (NASDAQ:GDS) Breakeven?

GDS Holdings Limited's (NASDAQ:GDS):. … The company’s loss has recently broadened since it announced a -CN¥326.9m loss in the full financial year, compared to the latest trailing-twelve-month loss of -CN¥394.9m, moving it further away from breakeven? … Check out our latest analysis for GDS Holdings

Simply Wall St -

Are GDS Holdings Limited's (NASDAQ:GDS) Interest Costs Too High?

Let’s take a look at GDS’s debt concentration and assess their financial liquidity to get an idea of their ability to fund strategic acquisitions and grow through cyclical pressures. … Remember this is a very top-level look that focuses exclusively on financial health, so I recommend a deeper analysis. … See our latest analysis for GDS Holdings

Simply Wall St -

Was GDS Holdings Limited's (NASDAQ:GDS) Earnings Growth Better Than The Industry's?

Improvement in profitability and outperformance against the industry can be important characteristics in a stock for some investors. … Below, I will assess GDS Holdings Limited's (NASDAQ:GDS) track record on a high level, to give you some insight into how the company has been performing against its historical trend and its industry peers. … How Did GDS's Recent Performance Stack Up Against Its Past

Simply Wall St -

Is GDS Holdings Limited (NASDAQ:GDS) An Industry Laggard Or Leader?

Today, I will analyse the industry outlook, and also determine whether GDS Holdings is a laggard or leader relative to its tech sector peers. … This growth may make GDS Holdings a more expensive stock relative to its peers. … If GDS Holdings has been on your watchlist for a while, now may be the time to enter into the stock, if you like its growth prospects and are not highly concentrated in the tech industry.

Simply Wall St -

How Long Will GDS Holdings Limited's (NASDAQ:GDS) Cash Last?

Cash is crucial to run a business, and if a company burns through its reserves fast, it will need to come back to market for additional capital raising. … Today I’ve examined GDS Holdings’s financial data from its most recent earnings update, to roughly assess when the company may need to raise new capital. … The most significant threat facing investor is the company going out of business when it runs out of money and cannot raise any more capital.

Simply Wall St -

May Top Growth Stocks

GDS’s forecasted bottom line growth is an exceptional 90.60%, driven by underlying sales, which is expected to more than double, over the next few years. … Profit growth, coupled with top-line expansion, is a positive indication. … Driven by the exceptional 61.57% sales growth over the next few years, RDFN is expected to deliver an excellent earnings growth of 82.83%.

Simply Wall St -

Why GDS Holdings Limited's (NASDAQ:GDS) Investor Composition Impacts Your Returns

View our latest analysis for GDS Holdings NasdaqGM:GDS Ownership_summary Apr 13th 18 Institutional Ownership Institutions account for 27.40% of GDS's outstanding shares, a significant enough holding to move stock prices if they start buying and selling in large quantities, especially when there are relatively small amounts of shares available on the market to trade. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions. … This is an encouraging sign for investors as these investors tend to be active strategist in companies, focusing on increasing operational and capital efficiency for the firm.Next Steps: GDS's considerably high level of institutional ownership calls for further analysis into its margin of safety.

Simply Wall St -

GDS Holdings Limited's (NASDAQ:GDS) Shift From Loss To Profit

Many investors are wondering the rate at which GDS will turn a profit, with the big question being “when will the company breakeven?” Below I will provide a high-level summary of the industry analysts’ expectations for GDS. … NasdaqGM:GDS Past Future Earnings Apr 4th 18 Underlying developments driving GDS’s growth isn’t the focus of this broad overview, however, take into account that by and large a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. … Next Steps: This article is not intended to be a comprehensive analysis on GDS, so if you are interested in understanding the company at a deeper level, take a look at GDS’s company page on Simply Wall St.

Simply Wall St -

Is GDS Holdings Limited's (NASDAQ:GDS) Balance Sheet A Threat To Its Future?

With this rise in debt, the current cash and short-term investment levels stands at CN¥1.87B , ready to deploy into the business. … Moving onto cash from operations, its trivial cash flows from operations make the cash-to-debt ratio less useful to us, though these low levels of cash means that operational efficiency is worth a look. … Next Steps: At its current level of cash flow coverage, GDS has room for improvement to better cushion for events which may require debt repayment.

Simply Wall St -

GDS Company Info

Description

GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services, as well as consulting services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai and Beijing municipalities; and Jiangsu, Guangdong, Sichuan, and Hebei Provinces. The company serves cloud service providers, Internet companies, financial institutions, telecommunications and IT service providers, and large domestic private sector and multinational corporations. GDS Holdings Limited was incorporated in 2006 and is headquartered in Shanghai, the People's Republic of China.

Details
Name: GDS Holdings Limited
GDS
Exchange: NasdaqGM
Founded: 2006
$4,684,084,860
139,615,048
Website: http://www.gds-services.com
Address: GDS Holdings Limited
Youyou Century Place,
2nd Floor, Tower 2,
Shanghai,
200127,
China
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGM GDS SPONSORED ADS Nasdaq Global Market US USD 02. Nov 2016
DB G40 SPONSORED ADS Deutsche Boerse AG DE EUR 02. Nov 2016
BMV GDS N SPONSORED ADS Bolsa Mexicana de Valores MX MXN 02. Nov 2016
Number of employees
Current staff
Staff numbers
893
GDS Holdings employees.
Industry
Data Processing and Outsourced Services
Software
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/26 00:49
End of day share price update: 2019/05/24 00:00
Last estimates confirmation: 2019/05/20
Last earnings filing: 2019/05/14
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.