---
title: "GDS Holdings Limited (09698.HK)"
type: "quote"
locale: "en"
url: "https://longbridge.com/en/quote/09698.HK.md"
symbol: "09698.HK"
name: "GDS Holdings Limited"
industry: "Internet Services and Infrastructure"
---

# GDS Holdings Limited (09698.HK)

| Item | Detail |
|------|--------|
| Industry | Internet Services and Infrastructure |
| Location | HK Market |
| Website | [www.gds-services.com](https://www.gds-services.com) |

## Company Profile

GDS Holdings Limited, together with its subsidiaries, develops and operates data centers in the People's Republic of China. The company offers colocation services comprising critical facilities space, customer-available power, racks, and cooling; managed hosting services, including business continui...

## Financial Score

> *Longbridge Financial Score™ — Proprietary multi-factor rating model by [Longbridge](https://longbridge.com). This score is independently calculated by Longbridge and is not affiliated with any third-party rating agency.*
> Updated: 2026-02-20T04:30:10.000Z

**Overall: C (0.54)**

**Industry**: Internet Services and Infrastructure

| Metric | Value |
|--------|-------|
| Industry Ranking | 2 / 7 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Blend - Stocks in which the company has both growth and mature businesses.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

### Score Analysis

**Style Score**: 

#### Growth Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 10.71% |  |
| Net Profit YoY | 237.36% |  |

#### Value Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| P/B Ratio | 2.58 |  |
| Dividend Ratio | 0.00% |  |


**Size Score**: 

#### Market Cap Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 72.34B |  |

#### Revenue Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue | 12.10B |  |


**Multi Score**: C

#### Profit Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 5.27% | C |
| Profit Margin | 50.05% | A |
| Gross Margin | 22.14% | D |

#### Growth Score: B

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | 10.71% | B |
| Net Profit YoY | 237.36% | A |
| Total Assets YoY | -5.85% | D |
| Net Assets YoY | 6.54% | B |

#### Cash Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| Cash Flow Margin | 202.58% | C |
| OCF YoY | 10.71% | B |

#### Operating Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Turnover | 0.14 | D |

#### Debt Score: D

| Indicator | Value | Rating |
|-----------|-------|--------|
| Gearing Ratio | 65.93% | D |


```chart-data:radar
{
  "title": "Longbridge Financial Score - GDS Holdings Limited",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Profit",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "5.27%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "50.05%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "22.14%",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Growth",
      "grade": "B",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "10.71%",
          "rating": "B"
        },
        {
          "name": "Net Profit YoY",
          "value": "237.36%",
          "rating": "A"
        },
        {
          "name": "Total Assets YoY",
          "value": "-5.85%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "6.54%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Cash",
      "grade": "C",
      "indicators": [
        {
          "name": "Cash Flow Margin",
          "value": "202.58%",
          "rating": "C"
        },
        {
          "name": "OCF YoY",
          "value": "10.71%",
          "rating": "B"
        }
      ]
    },
    {
      "name": "Operating",
      "grade": "D",
      "indicators": [
        {
          "name": "Turnover",
          "value": "0.14",
          "rating": "D"
        }
      ]
    },
    {
      "name": "Security",
      "grade": "D",
      "indicators": [
        {
          "name": "Gearing Ratio",
          "value": "65.93%",
          "rating": "D"
        }
      ]
    }
  ]
}
```

### Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
|------|------|--------|--------|-----------|----------|------|--------|
| 01 | BYTE META (HK.8645) | D | A | A | C | C | B |
| 02 | GDS-SW (HK.9698) | C | B | D | D | C | C |
| 03 | KINGSOFT CLOUD (HK.3896) | D | A | C | D | C | C |
| 04 | SUNEVISION (HK.1686) | A | B | E | E | C | C |
| 05 | CLOUD FACTORY (HK.2512) | C | C | B | D | B | C |

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 11.32 | 1/7 | 11.46 | 10.28 | 8.71 |
| PB | 2.45 | 1/7 | 2.33 | 1.96 | 1.63 |
| PS (TTM) | 5.61 | 6/7 | 5.00 | 4.36 | 3.60 |
| Dividend Yield | 0.00% | - | - | - | - |

## Institutional View

### Analyst Rating Distribution

> As of 2026-02-16T16:00:00.000Z

Total Analysts: **12**

| Rating | Count | Percentage |
|--------|-------|-----------|
| Buy | 10 | 83% |
| Overweight | 1 | 8% |
| Hold | 1 | 8% |
| Underweight | 0 | 0% |
| Sell | 0 | 0% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 43.56 |
| Highest Target | 61.01 |
| Lowest Target | 32.91 |

## References

- [Company Overview](https://longbridge.com/en/quote/09698.HK/overview.md) - Shareholders, executives, business segments
- [Financials](https://longbridge.com/en/quote/09698.HK/norm.md) - Income statement, balance sheet, cash flow, distribution plan
- [Topics & Discussions](https://longbridge.com/en/quote/09698.HK/topics.md) - Community topics and discussions

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.