QualityDipStocks / Technology · Software & internet services
GDS Holdings Limited ADS GDS
Outside our quality screen, so we don’t track its dips. It’s 54% below its 52-week high.
Outside our quality screen. No fair value estimate for now: its free cash flow is negative.
Worth knowing
- Down 55% from its 52-week high while revenue grew 11%
- Lowest close since Apr 2025
From the data on this page, as of the last close. How we pick these
- Fair value est.
- n/a
- Market Value
- —
- Off 52-wk high
- −54%
- Risk vs market
- Highbeta 1.98
4 bullish · 5 bearish See why
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
No estimate for GDS: negative free cash flow. We’d rather show nothing than a made-up number.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much GDS moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Swings much more than the market, and its own price swings are 4.4× the S&P 500’s.
- Beta vs S&P 500
- 1.98
- Volatility
- 56% vs 13% SPY
- Correlation SPY
- 0.45
- Correlation QQQ
- 0.45
How it ranks
Where GDS stands vs every one of the 1,996 stocks we cover that has the number. Longer bar = better.
Not in the top quarter on any of these 5 measures
- Free cash flow yield−4.5% · free cash flow vs market capLowest 8%of 1,391
- Dividends + buybacks yield0% · cash paid out or used to retire shares, vs market capLowest 1%of 1,836
- Revenue growth, last 12 months+11% · vs the 12 months beforeTop 46%of 1,814
- Operating margin−0.5% · of sales kept as operating profitLowest 12%of 1,288
- Return on invested capital−0.1% · profit per dollar of capitalLowest 9%of 838
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 4 of 5
ProfitabilityOperating margin widened to −0.5% in FY2025 from −22.6% in FY2023 (SEC filings).
GrowthSales grew 11% to $1.7B over the last 12 months vs the 12 months before (SEC filings).
ValuationEV/EBITDA of 12.2×, below the 18.2× median for the 119 Technology companies we cover.
ValuationPrice / book of 1.1×, below the 5.9× median for the 261 Technology companies we cover.
Top bearish points 5 of 5
ValuationFree cash flow is negative (−$199M over the last 12 months), so there’s no cash-flow value under the price.
Balance sheetOperating income covers interest only -0.0× over the last 12 months.
ProfitabilityLoses money at the operating line: −0% operating margin over the last 12 months.
Balance sheetNet debt of $1.8B, 41% of the market cap (Dec 31, 2025).
QualityDoesn’t pass our quality screen: net debt 5.9× EBITDA (limit 3×).
All fundamentals
P/E 32.8 · FCF yield -4.5% · ROE 4%
Valuation
- P/E
- 32.8×Technology median 33.0×
- Price / FCF
- n/anegative free cash flow
- FCF yield
- −4.5%
- EV / EBITDA
- 12.2×
- Price / sales
- 2.57×
- Price / book
- 1.14×
- Market cap
- $4.4Blisted
- Enterprise value
- $6.2B
Growth
- Revenue, 12 months
- $1.7B
- Sales growth, 12 months
- +10.8%vs the 12 months before
- Sales growth, 3 yrs
- +7.2%/yrfrom FY2022
- Diluted EPS, 12 months
- $0.55
- EPS growth, last FY
- −75.8%
- Net income, 12 months
- $134M
- Net income growth
- −73%12 months vs before
Profitability
- Gross margin
- 22.6%
- Operating margin
- −0.5%
- Net margin
- 7.8%
- FCF margin
- −11.6%
- Return on equity
- 4%
- Return on invested capital
- −0%
Balance sheet
- Cash & short-term inv.
- $2.1B
- Total debt
- $3.9B
- Net cash
- −$1.8B
- Debt / equity
- 1.02×
- Interest coverage
- -0.0×operating income / interest
Cash flow & returns
- Free cash flow, 12 months
- −$199M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 0%
- Payout ratio
- n/anot reported in its SEC filings
- Buybacks, 12 months
- n/anot reported in its SEC filings
- Share count, 1 year
- n/ano quarterly diluted share count
- Stock-based comp
- $42M
Trailing 12 months to Dec 31, 2025; balance sheet at Dec 31, 2025. From GDS Holdings Limited ADS’s SEC filings, reported in CNY and converted to US dollars. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $-4.6B · Sales +6%
- Free cash flow, 12 months−$4.6B
- Free-cash-flow yield-4.5%
- Free-cash-flow margin−38%
- Gross margin25%
- Operating margin14%
- Return on invested capital4%
- Return on equity13%
- Sales growth (latest quarter vs year-ago quarter)+6%
- Net debt / EBITDA5.9×
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $21.77
- PriceMon Nov 2 close$21.77you are here
- 52-wk lowlowest close, 1 year$21.77at the price
- 52-wk highhighest close, 1 year$47.52+118.3%
Momentum & 52-week range
RSI 31 · 5 days −4.6%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
Next report
Nov 18
- DateWed Nov 18
- Consensus EPS$1.31
- Year-ago EPS$0.45
- QuarterSep/2026
From Nasdaq’s earnings calendar. A report resets Market Value.
GDS is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on GDS Holdings Limited ADS in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 1:01 PM ET.
Compare with peers
Closest in size in Software & internet services
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.