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HUTCHMED (China) LimitedAIM:HCM Stock Report

Market Cap UK£1.7b
Share Price
UK£1.91
UK£5.62
66.0% undervalued intrinsic discount
1Y-10.7%
7D-2.1%
Portfolio Value
View

HUTCHMED (China) Limited

AIM:HCM Stock Report

Market Cap: UK£1.7b

HUTCHMED (China) (HCM) Stock Overview

HUTCHMED (China) Limited, together with its subsidiaries, discovers, develops, and commercializes targeted therapeutics and immunotherapies to treat cancer and immunological diseases in Hong Kong, the United States, and internationally. More details

HCM fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance5/6
Financial Health3/6
Dividends0/6

HCM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

HUTCHMED (China) Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for HUTCHMED (China)
Historical stock prices
Current Share PriceUK£1.91
52 Week HighUK£2.92
52 Week LowUK£1.91
Beta0.38
1 Month Change-13.18%
3 Month Change-12.79%
1 Year Change-10.75%
3 Year Change-15.86%
5 Year Change-49.07%
Change since IPO662.48%

Recent News & Updates

Narrative Update Apr 14

HCM: Late Stage Oncology Trials And Guidance Will Drive Future Reassessment

Analysts have adjusted their price target on HUTCHMED (China) slightly, linking the change to updated assumptions for revenue growth and profit margins, together with a higher future P/E of 58.40x. What's in the News HUTCHMED issued 2026 guidance for Oncology/Immunology consolidated revenue in a range of US$330m to US$450m, providing a management view of expected business activity for the year (corporate guidance).
Narrative Update Mar 31

HCM: Advancing Late Stage Oncology Pipeline Will Drive Future Reassessment

Analysts have nudged their fair value estimate for HUTCHMED (China) higher to £5.62 from £5.34, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that have slightly adjusted their overall outlook. What's in the News Initiated a registrational Phase III trial of BTK inhibitor HMPL-760 with R-GemOx in relapsed or refractory diffuse large B-cell lymphoma in China, targeting about 240 patients and using progression free survival and overall survival as primary outcomes (Product-Related Announcement).

Recent updates

Narrative Update Apr 14

HCM: Late Stage Oncology Trials And Guidance Will Drive Future Reassessment

Analysts have adjusted their price target on HUTCHMED (China) slightly, linking the change to updated assumptions for revenue growth and profit margins, together with a higher future P/E of 58.40x. What's in the News HUTCHMED issued 2026 guidance for Oncology/Immunology consolidated revenue in a range of US$330m to US$450m, providing a management view of expected business activity for the year (corporate guidance).
Narrative Update Mar 31

HCM: Advancing Late Stage Oncology Pipeline Will Drive Future Reassessment

Analysts have nudged their fair value estimate for HUTCHMED (China) higher to £5.62 from £5.34, citing updated assumptions on discount rate, revenue growth, profit margin and future P/E that have slightly adjusted their overall outlook. What's in the News Initiated a registrational Phase III trial of BTK inhibitor HMPL-760 with R-GemOx in relapsed or refractory diffuse large B-cell lymphoma in China, targeting about 240 patients and using progression free survival and overall survival as primary outcomes (Product-Related Announcement).
Narrative Update Mar 08

HCM: Late-Stage Pipeline Progress Will Drive Future Re-Rating Potential

Analysts have trimmed their price target on HUTCHMED (China) to £3.51 from £3.62, reflecting updated assumptions that combine higher expected revenue growth with a lower profit margin profile and a richer forward P/E multiple. What's in the News Management issued consolidated earnings guidance for 2026, with Oncology/Immunology revenue expected in a range of US$330 million to US$450 million, giving investors a clearer view of the medium term revenue outlook (Corporate guidance).
Narrative Update Jan 28

HCM: Phase III Oncology Progress Will Drive Reassessment Of Future Upside

Analysts have trimmed their price target on HUTCHMED (China) to about US$5.34 from roughly US$5.50, citing updated assumptions that include higher forecast revenue growth and profit margins, along with a lower implied future P/E multiple. What's in the News The Phase III SACHI trial of savolitinib (ORPATHYS) plus osimertinib (TAGRISSO) in EGFR mutation positive NSCLC with MET amplification was published in The Lancet.
Analysis Article Nov 15

What You Can Learn From HUTCHMED (China) Limited's (LON:HCM) P/S

When you see that almost half of the companies in the Pharmaceuticals industry in the United Kingdom have...
Analysis Article Sep 22

Is HUTCHMED (China) (LON:HCM) Using Debt Sensibly?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Narrative Update Sep 05

China And Japan Oncology Markets Will Broaden Opportunity Amidst Headwinds

HUTCHMED (China)’s valuation outlook has improved with a notable drop in its future P/E ratio from 35.13x to 26.14x while net profit margin held steady, resulting in no change to the consensus analyst price target, which remains £3.62. What's in the News Dr. Weiguo Su takes medical leave as CEO; CFO Johnny Cheng appointed Acting CEO while retaining CFO role.
Analysis Article Jul 30

Revenues Tell The Story For HUTCHMED (China) Limited (LON:HCM) As Its Stock Soars 31%

HUTCHMED (China) Limited ( LON:HCM ) shareholders would be excited to see that the share price has had a great month...
User avatar
New Narrative Jul 21

Late-stage Approvals And Global Expansion Will Unlock Demand

Late-stage pipeline progress, geographic expansion, and international partnerships position the company for strong, sustainable revenue and margin growth.
Analysis Article Jun 13

After Leaping 26% HUTCHMED (China) Limited (LON:HCM) Shares Are Not Flying Under The Radar

HUTCHMED (China) Limited ( LON:HCM ) shareholders would be excited to see that the share price has had a great month...
Analysis Article Apr 09

HUTCHMED (China) Limited's (LON:HCM) Stock Retreats 25% But Earnings Haven't Escaped The Attention Of Investors

HUTCHMED (China) Limited ( LON:HCM ) shareholders that were waiting for something to happen have been dealt a blow with...
Analysis Article Dec 11

Does HUTCHMED (China) (LON:HCM) Have A Healthy Balance Sheet?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Oct 19

HUTCHMED (China) Limited's (LON:HCM) 27% Jump Shows Its Popularity With Investors

HUTCHMED (China) Limited ( LON:HCM ) shares have had a really impressive month, gaining 27% after a shaky period...
Analysis Article Sep 10

Health Check: How Prudently Does HUTCHMED (China) (LON:HCM) Use Debt?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Analysis Article Aug 02

Analysts Have Made A Financial Statement On HUTCHMED (China) Limited's (LON:HCM) Half-Year Report

It's been a good week for HUTCHMED (China) Limited ( LON:HCM ) shareholders, because the company has just released its...
Analysis Article Jul 11

HUTCHMED (China) Limited's (LON:HCM) P/S Still Appears To Be Reasonable

With a median price-to-sales (or "P/S") ratio of close to 3.3x in the Pharmaceuticals industry in the United Kingdom...
Analysis Article Apr 04

We Think HUTCHMED (China) (LON:HCM) Can Manage Its Debt With Ease

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
Analysis Article Mar 14

HUTCHMED (China) Limited's (LON:HCM) P/S Is Still On The Mark Following 31% Share Price Bounce

HUTCHMED (China) Limited ( LON:HCM ) shareholders are no doubt pleased to see that the share price has bounced 31% in...
Analysis Article Mar 01

The HUTCHMED (China) Limited (LON:HCM) Analysts Have Been Trimming Their Sales Forecasts

One thing we could say about the analysts on HUTCHMED (China) Limited ( LON:HCM ) - they aren't optimistic, having just...

Shareholder Returns

HCMGB PharmaceuticalsGB Market
7D-2.1%-1.9%-0.8%
1Y-10.7%22.9%19.7%

Return vs Industry: HCM underperformed the UK Pharmaceuticals industry which returned 22.9% over the past year.

Return vs Market: HCM underperformed the UK Market which returned 19.7% over the past year.

Price Volatility

Is HCM's price volatile compared to industry and market?
HCM volatility
HCM Average Weekly Movement5.8%
Pharmaceuticals Industry Average Movement5.9%
Market Average Movement5.6%
10% most volatile stocks in GB Market11.6%
10% least volatile stocks in GB Market3.1%

Stable Share Price: HCM has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: HCM's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20001,796Johnny Chengwww.hutch-med.com

HUTCHMED (China) Limited, together with its subsidiaries, discovers, develops, and commercializes targeted therapeutics and immunotherapies to treat cancer and immunological diseases in Hong Kong, the United States, and internationally. It provides Fruquintinib, a selective and potent oral inhibitor of vascular endothelial growth factor receptors for treatment of colorectal cancer (CRC), breast cancer, gastric cancer (GC), microsatellite stable-CRC endometrial cancer (EMC), non-small cell lung cancer (NSCLC), renal cell carcinoma (RCC), endometrial cancer (EMC); and Savolitinib, a potent and selective inhibitor of mesenchymal-epithelial transition receptor to treat NSCLC, papillary RCC, and GC. It also develops Surufatinib to treat pancreatic neuroendocrine tumor (NET), non pancreatic NET, and pancreatic ductal adenocarcinoma; Sovleplenib, to treat immune thrombocytopenic purpura and warm autoimmune hemolytic anemia; and Tazemetostat, a treatment for epithelioid sarcoma and follicular lymphoma; Fanregratinib that treats intrahepatic cholangiocarcinoma; and Ranosidenib, a novel dual-inhibitor of dehydrogenase-1 and isocitrate dehydrogenase-2 enzymes to treat acute myeloid leukemia (AML).

HUTCHMED (China) Limited Fundamentals Summary

How do HUTCHMED (China)'s earnings and revenue compare to its market cap?
HCM fundamental statistics
Market capUK£1.68b
Earnings (TTM)UK£336.25m
Revenue (TTM)UK£403.67m
4.9x
P/E Ratio
4.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
HCM income statement (TTM)
RevenueUS$548.51m
Cost of RevenueUS$484.64m
Gross ProfitUS$63.87m
Other Expenses-US$393.04m
EarningsUS$456.91m

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)0.53
Gross Margin11.64%
Net Profit Margin83.30%
Debt/Equity Ratio7.4%

How did HCM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/11 18:41
End of Day Share Price 2026/05/11 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

HUTCHMED (China) Limited is covered by 52 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Alec StranahanBofA Global Research
John NewmanCanaccord Genuity
Adam McCarterCavendish