GDS Holdings (GDS) vs Ingram Micro Holding Corporation (INGM)

GDS Holdings and Ingram Micro Holding Corporation are both Information Technology Services companies. GDS Holdings and Ingram Micro Holding Corporation are of similar size ($6.5B and $6.1B). GDS Holdings trades at the lower P/E: 12.1× against 14.7×. GDS Holdings grew revenue faster over the last twelve months: 20.0% against 11.5%. GDS Holdings has the higher net margin (30.3% vs 0.77%) and the lower return on invested capital (0.57% vs 8.53%). Across the 19 metrics below, GDS Holdings leads on 11 and Ingram Micro Holding Corporation on 8.

Valuation

Metric GDS INGM Information Technology Services median
P/E 12.09 14.66 14.63
P/S 3.63 0.11 1.13
P/B 1.43 1.46 2.10
Price to free cash flow n/m n/m 10.11
EV/EBITDA 18.34 7.76 8.56
EV/Sales 6.11 0.16 1.20
Earnings yield 8.27% 6.82% 4.56%
Free cash flow yield (1.71%) (3.71%) 4.37%

Profitability

Metric GDS INGM Information Technology Services median
Gross margin 24.90% 6.65% 31.05%
Operating margin 4.59% 1.77% 3.30%
Net margin 30.34% 0.77% 2.09%
Free cash flow margin (6.19%) (0.41%) 0.00%
Return on equity 13.53% 10.34% 4.12%
Return on assets 4.49% 2.10% 0.61%
Return on invested capital 0.57% 8.53% 0.57%

Growth

Metric GDS INGM Information Technology Services median
Revenue growth (TTM) 20.00% 11.54% 7.12%
EPS growth (last fiscal year) (73.82%) 17.80% —
Revenue growth, 5-year CAGR 13.84% — 7.71%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric GDS INGM Information Technology Services median
Debt to equity 1.47 0.89 0.45
Current ratio 1.78 1.31 1.66
Net debt to EBITDA 8.69 1.24 0.44

Dividend

Metric GDS INGM Information Technology Services median
Dividend yield — — 1.21%
Payout ratio 0.00 — 0.00

Size

Metric GDS INGM Information Technology Services median
Market cap 6.50b 6.06b 1.36b

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