GDS Holdings Limited (G40) - Net Assets
Based on the latest financial reports, GDS Holdings Limited (G40) has net assets worth €26.78 Billion EUR (≈ $31.31 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€78.61 Billion ≈ $91.90 Billion USD) and total liabilities (€51.83 Billion ≈ $60.59 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Read debt load of GDS Holdings Limited for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €26.78 Billion |
| % of Total Assets | 34.07% |
| Annual Growth Rate | 29.53% |
| 5-Year Change | -11.25% |
| 10-Year Change | N/A |
| Growth Volatility | 51.68 |
GDS Holdings Limited - Net Assets Trend (2016–2024)
This chart illustrates how GDS Holdings Limited's net assets have evolved over time, based on quarterly financial data. Also explore G40 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for GDS Holdings Limited (2016–2024)
The table below shows the annual net assets of GDS Holdings Limited from 2016 to 2024. For live valuation and market cap data, see GDS Holdings Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €23.67 Billion ≈ $27.67 Billion |
+17.62% |
| 2023-12-31 | €20.12 Billion ≈ $23.53 Billion |
-13.03% |
| 2022-12-31 | €23.14 Billion ≈ $27.05 Billion |
-10.65% |
| 2021-12-31 | €25.90 Billion ≈ $30.28 Billion |
-2.89% |
| 2020-12-31 | €26.67 Billion ≈ $31.18 Billion |
+134.84% |
| 2019-12-31 | €11.36 Billion ≈ $13.28 Billion |
+105.64% |
| 2018-12-31 | €5.52 Billion ≈ $6.46 Billion |
+23.38% |
| 2017-12-31 | €4.48 Billion ≈ $5.23 Billion |
+49.86% |
| 2016-12-31 | €2.99 Billion ≈ $3.49 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to GDS Holdings Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 518570700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €29.58 Billion | 125.68% |
| Total Equity | €23.54 Billion | 100.00% |
GDS Holdings Limited Competitors by Market Cap
The table below lists competitors of GDS Holdings Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Cibest S.A.
NYSE:CIB
|
$7.58 Billion |
|
CD PROJEKT SA
WAR:CDR
|
$7.58 Billion |
|
One 97 Communications Limited
NSE:PAYTM
|
$7.58 Billion |
|
SHOPRITE HDGS ADR RC-01
F:HY7A
|
$7.59 Billion |
|
Pilgrims Pride Corp
NASDAQ:PPC
|
$7.57 Billion |
|
Shandong Hi-speed Co Ltd
SHG:600350
|
$7.57 Billion |
|
Mytilineos S.A
AT:MYTIL
|
$7.55 Billion |
|
FSPG Hi-Tech Co Ltd
SHE:000973
|
$7.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GDS Holdings Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 19,958,226,000 to 23,538,702,000, a change of 3,580,476,000 (17.9%).
- Net income of 3,425,386,000 contributed positively to equity growth.
- Dividend payments of 54,169,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €3.43 Billion | +14.55% |
| Dividends Paid | €54.17 Million | -0.23% |
| Other Changes | €209.26 Million | +0.89% |
| Total Change | €- | 17.94% |
Book Value vs Market Value Analysis
This analysis compares GDS Holdings Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.37x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.53x to 2.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €4.75 | €35.80 | x |
| 2018-12-31 | €5.48 | €35.80 | x |
| 2019-12-31 | €9.34 | €35.80 | x |
| 2020-12-31 | €17.84 | €35.80 | x |
| 2021-12-31 | €17.01 | €35.80 | x |
| 2022-12-31 | €15.10 | €35.80 | x |
| 2023-12-31 | €13.09 | €35.80 | x |
| 2024-12-31 | €15.14 | €35.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GDS Holdings Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.19%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 3.13x
- Recent ROE (14.55%) is above the historical average (-5.41%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | -9.26% | -26.18% | 0.13x | 2.75x | €-575.06 Million |
| 2017 | -7.30% | -20.23% | 0.12x | 2.94x | €-774.45 Million |
| 2018 | -7.79% | -15.41% | 0.13x | 3.78x | €-982.46 Million |
| 2019 | -3.89% | -10.72% | 0.13x | 2.77x | €-1.58 Billion |
| 2020 | -2.50% | -11.61% | 0.10x | 2.15x | €-3.33 Billion |
| 2021 | -4.67% | -15.18% | 0.11x | 2.82x | €-3.73 Billion |
| 2022 | -6.34% | -15.64% | 0.12x | 3.25x | €-3.76 Billion |
| 2023 | -21.50% | -43.85% | 0.13x | 3.73x | €-6.29 Billion |
| 2024 | 14.55% | 33.19% | 0.14x | 3.13x | €1.07 Billion |
Industry Comparison
This section compares GDS Holdings Limited's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $219,053,659
- Average return on equity (ROE) among peers: -9.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GDS Holdings Limited (G40) | €26.78 Billion | -9.26% | 1.94x | $7.57 Billion |
| CLPS INC. DL-0001 (1UK) | $67.80 Million | 6.57% | 0.50x | $22.08 Million |
| Globant SA (2G2) | $160.19 Million | 19.76% | 0.39x | $1.81 Billion |
| Solutions 30 SE (30L3) | $191.55 Million | 11.22% | 2.64x | $73.59 Million |
| Genpact Limited (35G) | $1.69 Billion | 18.05% | 1.64x | $5.38 Billion |
| NANOSPHERE (3NS) | $744.08K | -186.51% | 2.14x | $1.14 Million |
| CPT GLOBAL LTD (714) | $5.63 Million | 26.15% | 1.60x | $2.11 Million |
| PASSUS S.A. ZY-1 (71X) | $19.80 Million | 21.83% | 2.69x | $57.96 Million |
| REVEZ CORPORATION LTD. (7IQ) | $6.17 Million | -11.87% | 0.18x | $131.66K |
| XTM INC. (7XT) | $-29.08 Million | 0.00% | 0.00x | $1.23 Million |
| TPXIMPACT HOLDINGS LS-01 (9L7) | $78.56 Million | 0.12% | 0.60x | $35.61 Million |
About GDS Holdings Limited
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 continuity and disaster recovery, network management, data storage, system security, operating system, data… Read more