GDS Holdings (9698) Fair Value & Analysis
Technology · HK · Market cap HK$47.6B
Fair value as of: Jul 3, 2026
From 16 valuation models · updated yesterday
Share price −17.5% over the past month.
Price vs Fair Value (12 months)
12‑month range HK$28.32 – HK$47.11 · fair‑value band HK$11.34 – HK$14.95 · the HK$29.68 price screens above the HK$14.91 fair value. As of Jul 3, 2026.
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GDS Holdings (9698) currently trades at HK$29.68, while our model-based Fair Value estimate is HK$14.91 — implying the stock looks roughly 49.8% overvalued today. We read business quality at 38/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, GDS Holdings generated revenue of HK$12.1B at a net margin of 23.5%. Revenue grew 23.6% year over year. It earns a return on equity of 10.0%. Net debt stands at HK$33.2B. Fundamentals as of Jul 3, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.
About the company
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.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
GDS Holdings reported revenue of HK$11.4B in FY2025 versus HK$7.8B in FY2021, a compound +10.0%/yr. Reported net income was HK$950M in FY2025.
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Recent news
- GDS Concludes Successful 2026 Annual General Meeting with All Resolutions Passed, Including Election and Re-election of Directors
- VNET Group (VNET) is One of the Best Mid-Cap Stocks, Here is Why
- Best Value Stocks to Buy for June 15th
- China Weighs $295 Billion AI Data Center Buildout Over Five Years
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
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6 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| International Business Machines Corporation IBM | $252.22 | $147.06 | -42% |
| Accenture plc ACN | $170.50 | $228.49 | +34% |
| Tata Consultancy Services Limited TCS | ₹2,199 | ₹1,863 | -15% |
| Infosys Limited INFY | ₹1,065 | ₹15.23 | -99% |
| HCL Technologies Limited HCLTECH | ₹1,132 | ₹1,230 | +9% |
| Fiserv, Inc F1IS34 | R$122.88 | R$56.23 | -54% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.