Vnet Group Inc - Understand $vnet stock

$VNET Market Cap: $897.5 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$7.677B

TTM

Gross Margin

18.63%

TTM

Net Earnings

-$2.617B

TTM

Current Assets

$7.044B

Q2 2024

Current Liabilities

$8.143B

Q2 2024

Current Ratio

86.51%

Q2 2024

Total Assets

$29.12B

Q2 2024

Total Liabilities

$23.11B

Q2 2024

Book Value

$6.008B

Q2 2024

Cash

$1.796B

Q2 2024

P/E

-0.3430

Nov 14, 2024 EST

Free Cash Flow

-$2.204B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$7.413B	$7.065B	$6.190B	$4.829B	$3.789B	$3.401B	$3.393B	$3.642B	$3.634B	$2.876B	$1.967B	$1.524B	$1.021B	$525.2M	$313.6M
YoY Change	4.92%	14.14%	28.18%	27.45%	11.41%	0.24%	-6.84%	0.2%	26.35%	46.26%	29.03%	49.3%	94.38%	67.47%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$7.413B	$7.065B	$6.190B	$4.829B	$3.789B	$3.401B	$3.393B	$3.642B	$3.634B	$2.876B	$1.967B	$1.524B	$1.021B	$525.2M	$313.6M
Cost Of Revenue	$6.120B	$5.707B	$4.752B	$3.753B	$2.850B	$2.456B	$2.634B	$2.930B	$2.781B	$2.066B	$1.450B	$1.099B	$744.4M	$396.9M	$229.3M
Gross Profit	$182.0M	$1.358B	$1.438B	$1.076B	$939.4M	$944.9M	$758.4M	$712.1M	$853.8M	$810.1M	$516.9M	$425.7M	$276.6M	$128.3M	$84.30M
Gross Profit Margin	2.46%	19.22%	23.23%	22.28%	24.79%	27.78%	22.35%	19.55%	23.49%	28.16%	26.28%	27.93%	27.09%	24.43%	26.88%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$113.8M	$990.3M	$1.092B	$740.4M	$590.9M	$604.5M	$769.2M	$1.061B	$925.0M	$757.7M	$329.0M	$259.9M	$160.8M	$330.8M	$46.60M
YoY Change	-88.51%	-9.32%	47.49%	25.3%	-2.25%	-21.41%	-27.48%	14.66%	22.08%	130.3%	26.59%	61.63%	-51.39%	609.87%
% of Gross Profit	62.52%	72.91%	75.94%	68.81%	62.9%	63.98%	101.42%	148.94%	108.34%	93.53%	63.65%	61.05%	58.13%	257.83%	55.28%
Research & Development	$45.38M	$306.8M	$155.6M	$87.40M	$68.60M	$76.10M	$129.2M	$115.8M	$104.4M	$91.20M	$51.90M	$44.50M	$20.10M	$15.00M	$5.100M
YoY Change	-85.21%	97.24%	78.0%	27.41%	-9.86%	-41.1%	11.57%	10.92%	14.47%	75.72%	16.63%	121.39%	34.0%	194.12%
% of Gross Profit	24.93%	22.59%	10.82%	8.12%	7.3%	8.05%	17.04%	16.26%	12.23%	11.26%	10.04%	10.45%	7.27%	11.69%	6.05%
Depreciation & Amortization	$254.6M	$231.4M	$1.268B	$989.0M	$772.2M	$634.6M	$667.1M	$664.1M	$586.1M	$406.7M	$200.2M	$128.2M	$89.00M	$33.60M	$29.00M
YoY Change	10.01%	-81.75%	28.17%	28.08%	21.68%	-4.87%	0.45%	13.31%	44.11%	103.15%	56.16%	44.04%	164.88%	15.86%
% of Gross Profit	139.84%	17.04%	88.15%	91.91%	82.2%	67.16%	87.96%	93.26%	68.65%	50.2%	38.73%	30.12%	32.18%	26.19%	34.4%
Operating Expenses	$159.2M	$1.237B	$1.305B	$877.8M	$705.1M	$707.3M	$958.7M	$1.159B	$1.138B	$924.8M	$475.1M	$344.7M	$261.6M	$361.1M	$57.20M
YoY Change	-87.13%	-5.18%	48.63%	24.49%	-0.31%	-26.22%	-17.31%	1.88%	23.05%	94.65%	37.83%	31.77%	-27.55%	531.29%
Operating Profit	-$277.6M	$121.2M	$133.4M	$198.2M	$234.3M	$237.6M	-$200.3M	-$447.3M	-$284.2M	-$114.7M	$41.80M	$81.00M	$15.00M	-$232.8M	$27.10M
YoY Change	-329.12%	-9.17%	-32.7%	-15.41%	-1.39%	-218.62%	-55.22%	57.39%	147.78%	-374.4%	-48.4%	440.0%	-106.44%	-959.04%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$312.2M	-$742.3M	$636.1M	-$2.665B	-$319.3M	-$271.9M	-$169.5M	-$121.2M	-$95.90M	-$181.0M	-$82.60M	$3.400M	$43.30M	-$600.0K	$500.0K
YoY Change	-142.05%	-216.7%	-123.87%	734.64%	17.43%	60.41%	39.85%	26.38%	-47.02%	119.13%	-2529.41%	-92.15%	-7316.67%	-220.0%
% of Operating Profit		-612.71%	476.9%	-1344.6%	-136.28%	-114.44%					-197.61%	4.2%	288.67%		1.85%
Other Income/Expense, Net	$11.26M	-$9.271M	-$5.930M	-$20.40M	$30.70M	$53.90M	-$300.0K	$12.50M	$26.70M	$25.50M	$4.100M	$9.400M	$1.400M	$200.0K	-$500.0K
YoY Change	-221.43%	56.34%	-70.93%	-166.45%	-43.04%	-18066.67%	-102.4%	-53.18%	4.71%	521.95%	-56.38%	571.43%	600.0%	-140.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$2.483B	-$630.5M	$665.2M	-$2.582B	-$125.3M	$24.30M	-$1.062B	-$978.7M	-$353.4M	-$311.8M	-$36.70M	$93.80M	$59.60M	-$233.1M	$27.10M
YoY Change	293.81%	-194.78%	-125.76%	1960.49%	-615.64%	-102.29%	8.47%	176.94%	13.34%	749.59%	-139.13%	57.38%	-125.57%	-960.15%
Income Tax	$114.4M	$133.5M	$111.4M	$109.3M	$5.400M	$24.40M	-$90.20M	-$11.20M	$47.80M	$16.70M	$10.30M	$36.20M	$13.70M	$1.600M	-$32.90M
% Of Pretax Income			16.75%			100.41%						38.59%	22.99%		-121.4%
Net Earnings	-$2.644B	-$776.0M	$500.1M	-$2.709B	-$182.3M	-$205.1M	-$772.7M	-$633.6M	-$428.1M	-$348.5M	-$48.20M	$56.30M	$18.40M	-$255.4M	-$5.900M
YoY Change	240.72%	-255.16%	-118.46%	1386.18%	-11.12%	-73.46%	21.95%	48.0%	22.84%	623.03%	-185.61%	205.98%	-107.2%	4228.81%
Net Earnings / Revenue	-35.67%	-10.98%	8.08%	-56.1%	-4.81%	-6.03%	-22.78%	-17.4%	-11.78%	-12.12%	-2.45%	3.69%	1.8%	-48.63%	-1.88%
Basic Earnings Per Share	-$2.93	-$0.13	$0.57	-$4.47
Diluted Earnings Per Share	-$2.93	-$0.88	$548.6K	-$3.779M	-$272.6K	-$304.0K	-$1.148M	-$1.027M	-$869.9K	-$868.4K	-$132.3K	$157.8K	$58.08K	-$3.572M	-$32.33K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Cash & Short-Term Investments	$2.600B	$2.661B	$1.372B	$2.996B	$2.172B	$2.604B	$2.499B	$1.575B	$1.787B	$1.556B	$2.561B	$655.0M	$1.305B	$83.00M
YoY Change	-2.29%	93.91%	-54.19%	37.94%	-16.59%	4.2%	58.67%	-11.86%	14.85%	-39.24%	290.99%	-49.81%	1472.29%
Cash & Equivalents	$2.244B	$2.661B	$1.372B	$2.710B	$1.808B	$2.359B	$1.950B	$1.297B	$1.685B	$644.0M	$1.459B	$432.0M	$410.0M	$83.00M
Short-Term Investments	$356.8M		$0.00	$286.0M	$364.0M	$245.0M	$549.0M	$278.0M	$102.0M	$911.0M	$1.102B	$223.0M	$895.0M	$0.00
Other Short-Term Assets	$4.322B	$2.475B	$1.413B	$1.257B	$1.526B	$1.001B	$799.0M	$2.432B	$709.0M	$440.0M	$341.0M	$287.0M	$57.00M	$20.00M
YoY Change	74.63%	75.12%	12.44%	-17.63%	52.45%	25.28%	-67.15%	243.02%	61.14%	29.03%	18.82%	403.51%	185.0%
Inventory						$2.000M	$1.000M	$4.000M	$14.00M	$10.00M	$0.00
Prepaid Expenses
Receivables	$1.716B	$1.764B	$1.406B	$923.0M	$959.0M	$650.0M	$570.0M	$838.0M	$799.0M	$795.0M	$678.0M	$312.0M	$189.0M	$90.00M
Other Receivables	$1.185B	$152.1M	$1.132B	$879.0M	$571.0M	$421.0M	$377.0M	$310.0M	$160.0M	$66.00M	$21.00M	$9.000M	$0.00	$0.00
Total Short-Term Assets	$9.823B	$7.052B	$5.324B	$6.056B	$5.228B	$4.678B	$4.246B	$5.159B	$3.469B	$2.867B	$3.601B	$1.263B	$1.551B	$194.0M
YoY Change	39.3%	32.46%	-12.09%	15.84%	11.76%	10.17%	-17.7%	48.72%	21.0%	-20.38%	185.11%	-18.57%	699.48%
Property, Plant & Equipment	$17.04B	$15.47B	$12.96B	$9.432B	$6.665B	$4.031B	$3.319B	$3.782B	$3.653B	$3.037B	$1.402B	$823.0M	$454.0M	$197.0M
YoY Change	10.14%	19.34%	37.42%	41.52%	65.34%	21.45%	-12.24%	3.53%	20.28%	116.62%	70.35%	81.28%	130.46%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$757.9M	$242.2M	$98.24M	$136.0M	$170.0M	$544.0M	$511.0M	$299.0M	$202.0M	$126.0M	$107.0M	$58.00M	$8.000M	$0.00
YoY Change	212.95%	146.53%	-27.76%	-20.0%	-68.75%	6.46%	70.9%	48.02%	60.32%	17.76%	84.48%	625.0%
Other Assets	$1.384B	$1.324B	$2.471B	$1.822B	$557.0M	$370.0M	$258.0M	$282.0M	$359.0M	$285.0M	$275.0M	$233.0M	$13.00M	$7.000M
YoY Change	4.54%	-46.41%	35.62%	227.11%	50.54%	43.41%	-8.51%	-21.45%	25.96%	3.64%	18.03%	1692.31%	85.71%
Total Long-Term Assets	$20.56B	$19.90B	$17.77B	$13.32B	$9.046B	$6.473B	$5.662B	$7.263B	$7.379B	$6.773B	$2.531B	$1.714B	$852.0M	$532.0M
YoY Change	3.35%	11.96%	33.44%	47.23%	39.75%	14.32%	-22.04%	-1.57%	8.95%	167.6%	47.67%	101.17%	60.15%
Total Assets	$30.39B	$26.95B	$23.10B	$19.37B	$14.27B	$11.15B	$9.908B	$12.42B	$10.85B	$9.640B	$6.132B	$2.977B	$2.403B	$726.0M
YoY Change
Accounts Payable	$696.2M	$713.6M	$493.5M	$340.0M	$470.0M	$442.0M	$309.0M	$651.0M	$880.0M	$713.0M	$336.0M	$215.0M	$179.0M	$103.0M
YoY Change	-2.45%	44.6%	45.15%	-27.66%	6.33%	43.04%	-52.53%	-26.02%	23.42%	112.2%	56.28%	20.11%	73.79%
Accrued Expenses	$1.662B	$3.085B	$1.293B	$772.0M	$775.0M	$361.0M	$374.0M	$442.0M	$344.0M	$300.0M	$125.0M	$42.00M	$124.0M	$18.00M
YoY Change	-46.13%	138.48%	67.55%	-0.39%	114.68%	-3.48%	-15.38%	28.49%	14.67%	140.0%	197.62%	-66.13%	588.89%
Deferred Revenue
YoY Change
Short-Term Debt	$30.00M	$0.00	$0.00	$34.00M	$235.0M	$50.00M	$50.00M	$1.684B	$276.0M	$160.0M	$174.0M	$177.0M	$105.0M	$39.00M
YoY Change			-100.0%	-85.53%	370.0%	0.0%	-97.03%	510.14%	72.5%	-8.05%	-1.69%	68.57%	169.23%
Long-Term Debt Due	$5.048B	$1.228B	$628.2M	$2.528B	$1.171B	$295.0M	$283.0M	$702.0M	$443.0M	$1.028B	$212.0M	$205.0M	$26.00M	$16.00M
YoY Change	311.03%	95.49%	-75.15%	115.88%	296.95%	4.24%	-59.69%	58.47%	-56.91%	384.91%	3.41%	688.46%	62.5%
Total Short-Term Liabilities	$11.44B	$6.332B	$5.180B	$6.122B	$4.469B	$2.191B	$1.775B	$4.374B	$2.821B	$2.989B	$1.061B	$810.0M	$463.0M	$211.0M
YoY Change	80.62%	22.24%	-15.39%	36.99%	103.97%	23.44%	-59.42%	55.05%	-5.62%	181.72%	30.99%	74.95%	119.43%
Long-Term Debt	$8.043B	$9.957B	$7.602B	$4.589B	$3.037B	$2.916B	$2.707B	$805.0M	$2.667B	$2.837B	$2.301B	$115.0M	$74.00M	$58.00M
YoY Change	-19.22%	30.98%	65.65%	51.1%	4.15%	7.72%	236.27%	-69.82%	-5.99%	23.29%	1900.87%	55.41%	27.59%
Other Long-Term Liabilities	$3.703B	$2.995B	$2.364B	$1.466B	$1.333B	$523.0M	$34.00M	$117.0M	$142.0M	$403.0M	$115.0M	$117.0M	$157.0M	$1.128B
YoY Change	23.64%	26.7%	61.25%	9.98%	154.88%	1438.24%	-70.94%	-17.61%	-64.76%	250.43%	-1.71%	-25.48%	-86.08%
Total Long-Term Liabilities	$11.75B	$12.95B	$9.966B	$6.055B	$4.370B	$3.439B	$2.741B	$922.0M	$2.809B	$3.240B	$2.416B	$232.0M	$231.0M	$1.186B
YoY Change	-9.31%	29.97%	64.59%	38.56%	27.07%	25.47%	197.29%	-67.18%	-13.3%	34.11%	941.38%	0.43%	-80.52%
Total Liabilities	$24.37B	$20.34B	$15.85B	$12.81B	$9.321B	$6.057B	$4.859B	$6.296B	$6.833B	$7.437B	$3.673B	$1.106B	$750.0M	$1.555B
YoY Change	19.83%	28.3%	23.76%	37.42%	53.89%	24.66%	-22.82%	-7.86%	-8.12%	102.48%	232.1%	47.47%	-51.77%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020
Basic Shares Outstanding	901.1M	886.8M	865.4M	716.9M
Diluted Shares Outstanding	901.1M	886.8M	911.6M	716.9M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $897.55 Million

About VNET Group Inc

VNET Group, Inc. is a holding company, which engages in the provision of carrier-neutral internet data center services. The company is headquartered in Beijing, Beijing and currently employs 3,038 full-time employees. The company went IPO on 2011-04-21. The firm hosts its customers' servers and networking equipment and provides interconnectivity. The firm also provides managed network services to enable customers to deliver data across the Internet through its data transmission network and smart routing technology. The firm provides value-added services, such as content delivery network services, virtual private network services and last-mile wired broadband services. The company offers public cloud services, private cloud and hybrid services. The firm also offers container-based data center service. The firm's service offerings include hosting and related services, and managed network services. The firm provides hosting and related services to house servers and networking equipment in its data centers and connects them through its data transmission network, and offers other hosting related value-added services.

Industry: Services-Computer Programming, Data Processing, Etc. Peers: Chindata Group Holdings Ltd Kingsoft Cloud Holdings Ltd