Recent News
On January 13, 2026 the company completed a monetization step related to a DayOne investment that generated proceeds reported at roughly $385 million. On February 24, 2026 GDS scheduled an extraordinary general meeting proposing changes that would increase a Class B holder’s voting power; that meeting later adjourned and reconvened in early March. Short interest rose in January, with reports indicating an increase of roughly 33% month-over-month into February.
Technical Analysis
ADX at 12.72 indicates no trend; this lack of trend strength undercuts conviction behind recent directional moves and aligns with the current valuation labeled over-valued by WMDST.
DI+ shows a dip & reversal, which reads as bullish on directional momentum, while DI- sits at 29.24 and the DI- trend reads increasing, a bearish development; the coexistence of a DI+ dip & reversal and DI- increasing signals conflicted directional pressure for the near term.
MACD currently at -0.70 with a MACD signal at -0.41 shows a negative absolute value, but the MACD trend registers a dip & reversal (an early-stage bullish momentum signal). The MACD has not crossed above its signal line, so bullish momentum remains tentative rather than confirmed.
MRO at 2.2 and a peak & reversal trend indicates price sits modestly above a model target and the oscillator’s reversal favors downward reversion pressure relative to the present valuation.
RSI at 50.17 with a dip & reversal trend shows neutral momentum returning to the upside but lacking range expansion; RSI neither overbought nor oversold supports a consolidation bias near current levels.
Price sits at $40.76, below the 20-day average of $41.34 and the 26-day EMA of $41.57, while the 12-day EMA at $40.76 trends decreasing; the 200-day average of $37.37 remains below price, leaving a mixed moving-average structure that favors range-bound action between $36–$44. Bollinger bands show lower/upper 1x standard deviations at $39.13 / $43.55, implying current price occupies the lower-middle band and volatility remains restrained. SuperTrend upper band at $43.88 offers a nearby reference for upside friction.
Volume of 1,530,977 exceeds the 10-day average of 1,387,834 but sits below the 50- and 200-day averages, suggesting episodic interest without sustained accumulation; this pattern complements the ADX reading and supports a short-term consolidation outlook rather than trending continuation.
Fundamental Analysis
EPS actual reported -$2.47 versus an estimate of $2.53, a difference of -$5.00 and an EPS surprise of -197.63%. Report date: March 17, 2026. Earnings growth shows a full-year increase of 83.18% but quarterly comparisons carry deep deterioration: earnings growth QoQ -80.96% and YoY -103.95%, highlighting volatile earnings swings that complicate near-term valuation comparatives.
Trailing PE sits at 7.02 while forward PE expands to 677.56 given a forward EPS of $0.05; that divergence reflects near-term forecast compression and emphasizes forward earnings uncertainty embedded in market multiples. PEG ratio reads 0.084, with a PEGratioQoQ of -365.12% and PEGratioYoY of -13,078.46% (reported ratios reflect sharp quarter-to-quarter and year-over-year changes in growth expectations). Industry peer metrics show a peer mean PE of 62.48 and peer median PE of 64.90; on a PEG basis the industry peer mean reads 2.13 and median 1.51, placing GDS’s trailing PEG materially below industry peers on absolute terms but forward multiples substantially above peer forward expectations.
Revenue growth currently reports 0.0% with QoQ and YoY revenue growth both shown as -100.00% in the supplied metrics, indicating no comparable revenue expansion in the reported period. Cash generation measures show cash flow margin and cash conversion metrics reported as zero in the supplied dataset, while invested capital totals $33,520,791,000 and cost of debt remains low at 0.687%—a capital base consistent with large-scale data-center operations but paired with operating volatility.
WMDST values the stock as over-valued. The valuation imbalance stems from a low trailing PE contrasted with an extremely stretched forward PE and compressed forward EPS, combined with earnings volatility and governance actions that inject execution and control risk into the multiple.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-03-17 |
| NEXT REPORT DATE: | 2026-06-16 |
| CASH FLOW | Begin Period Cash Flow | — |
| Operating Cash Flow | — | |
| Capital Expenditures | — | |
| Change In Working Capital | — | |
| Dividends Paid | — | |
| Cash Flow Delta | — | |
| End Period Cash Flow | — | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | — | |
| Forward Revenue | — | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | — | |
| Interest Expense | — | |
| Net Interest Income | — | |
| Income Before Tax | — | |
| Tax Provision | — | |
| Tax Rate | — | |
| Net Income | — | |
| Net Income From Continuing Operations | — | |
| EARNINGS | ||
| EPS Estimate | $ 2.53 | |
| EPS Actual | $ -2.47 | |
| EPS Difference | $ -5.00 | |
| EPS Surprise | -197.628 % | |
| Forward EPS | $ 0.05 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | — | |
| Intangible Assets | — | |
| Net Tangible Assets | — | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | — | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | — | |
| Total Liabilities | — | |
| EQUITY | ||
| Total Equity | — | |
| Retained Earnings | — | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | — | |
| Shares Outstanding | — | |
| Revenue Per-Share | — | |
| VALUATION | Market Capitalization | — |
| Enterprise Value | — | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | — | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | — | |
| Asset To Liability | — | |
| Debt To Capital | — | |
| Debt To Assets | — | |
| Debt To Assets QoQ | — | |
| Debt To Assets YoY | — | |
| Debt To Assets IPRWA | — | |
| Debt To Equity | — | |
| Debt To Equity QoQ | — | |
| Debt To Equity YoY | — | |
| Debt To Equity IPRWA | — | |
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | — | |
| Price To Book QoQ | — | |
| Price To Book YoY | — | |
| Price To Book IPRWA | — | |
| Price To Earnings (P/E) | 7.017 | |
| Price To Earnings QoQ | -150.472 % | |
| Price To Earnings YoY | 413.584 % | |
| Price To Earnings IPRWA | high: 83.682 median: 64.904 mean: 62.482 GDS: 7.017 low: -20.675 |
|
| PE/G Ratio | 0.084 | |
| Price To Sales (P/S) | — | |
| Price To Sales QoQ | — | |
| Price To Sales YoY | — | |
| Price To Sales IPRWA | — | |
| FORWARD MULTIPLES | ||
| Forward P/E | 677.556 | |
| Forward PE/G | 8.146 | |
| Forward P/S | — | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | — | |
| Asset Turnover Ratio QoQ | — | |
| Asset Turnover Ratio YoY | — | |
| Asset Turnover Ratio IPRWA | — | |
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 79.668 median: 44.147 mean: 36.412 GDS: 0 low: -51.73 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | — | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | — | |
| Net Invested Capital | — | |
| Invested Capital | $ 33.5 B | |
| Net Tangible Assets | — | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 0.687 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | — | |
| Revenue Growth | 0.0 % | |
| Revenue Growth QoQ | -100.0 % | |
| Revenue Growth YoY | -100.0 % | |
| Revenue Growth IPRWA | high: 22.514 % median: 6.512 % mean: 3.615 % GDS: 0.0 % low: -9.343 % |
|
| Earnings Growth | 83.178 % | |
| Earnings Growth QoQ | -80.964 % | |
| Earnings Growth YoY | -103.947 % | |
| Earnings Growth IPRWA | high: 120.149 % GDS: 83.178 % median: 30.033 % mean: 18.663 % low: -80.0 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | — | |
| Free Cash Flow Yield | — | |
| Free Cash Flow Yield QoQ | — | |
| Free Cash Flow Yield YoY | — | |
| Free Cash Flow Yield IPRWA | — | |
| Free Cash Growth | — | |
| Free Cash Growth QoQ | — | |
| Free Cash Growth YoY | — | |
| Free Cash Growth IPRWA | — | |
| Free Cash To Net Income | — | |
| Cash Flow Margin | 0.0 % | |
| Cash Flow To Earnings | 0.0 | |
| VALUE & RETURNS | ||
| Economic Value Added | — | |
| Return On Assets (ROA) | — | |
| Return On Assets QoQ | — | |
| Return On Assets YoY | — | |
| Return On Assets IPRWA | — | |
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | — | |
| Return On Equity QoQ | — | |
| Return On Equity YoY | — | |
| Return On Equity IPRWA | — | |
| DuPont ROE | — | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |