NYSE:CCM

Stock Analysis Report

Concord Medical Services Holdings

Executive Summary

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People’s Republic of China.

Snowflake

Fundamentals

Concerning outlook with worrying balance sheet.


Similar Companies

Share Price & News

How has Concord Medical Services Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.4%

CCM

5.8%

US Healthcare

1.8%

US Market


1 Year Return

-17.9%

CCM

-6.5%

US Healthcare

7.3%

US Market

Return vs Industry: CCM underperformed the US Healthcare industry which returned -6.5% over the past year.

Return vs Market: CCM underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

CCMIndustryMarket
7 Day2.4%5.8%1.8%
30 Day-5.4%2.5%-0.7%
90 Day-13.1%-1.8%0.06%
1 Year-17.9%-17.9%-5.0%-6.5%9.7%7.3%
3 Year-46.1%-46.1%33.9%28.6%46.3%36.9%
5 Year-61.2%-68.1%65.6%55.8%64.5%46.5%

Price Volatility Vs. Market

How volatile is Concord Medical Services Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Concord Medical Services Holdings undervalued compared to its fair value and its price relative to the market?

3.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate CCM's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate CCM's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CCM is unprofitable, so we can't compare its PE Ratio to the Healthcare industry average.

PE vs Market: CCM is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate CCM's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CCM is overvalued based on its PB Ratio (3.9x) compared to the US Healthcare industry average (2.5x).


Next Steps

Future Growth

How is Concord Medical Services Holdings forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

118.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CCM is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: CCM is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: CCM is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: CCM's revenue (10.2% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: CCM's revenue (10.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: CCM's Return on Equity is forecast to be low in 3 years time (0.3%).


Next Steps

Past Performance

How has Concord Medical Services Holdings performed over the past 5 years?

-48.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CCM is unprofitable, and losses have increased over the past 5 years at a rate of -48.8% per year.

Accelerating Growth: Unable to compare CCM's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CCM is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (5.3%).


Return on Equity

High ROE: CCM has a negative Return on Equity (-11.38%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CCM is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CCM is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Concord Medical Services Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: CCM's short term assets (CN¥816.4M) exceeds its short term liabilities (CN¥498.1M)

Long Term Liabilities: CCM's short term assets (816.4M) do not cover its long term liabilities (1.5B)


Debt to Equity History and Analysis

Debt Level: CCM's debt to equity ratio (51%) is considered high

Reducing Debt: CCM's debt to equity ratio has increased from 44.9% to 51% over the past 5 years.


Balance Sheet

Inventory Level: CCM has a high level of physical assets or inventory.

Debt Coverage by Assets: CCM's debt is not covered by short term assets (assets are 0.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if CCM has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if CCM has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Concord Medical Services Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.7%industryaverage1.6%forecastin3Years0%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CCM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CCM's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CCM's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CCM's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CCM is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CCM's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Concord Medical Services Holdings's salary, the management and board of directors tenure and is there insider trading?

0.6yrs

Average management tenure


CEO

Jianyu Yang (48yo)

11.8yrs

Tenure

0

Dr. Jianyu Yang has been the Chief Executive Officer at Concord Medical Services Holdings Limited since 2008 and served as its President from 2008 to November 27, 2011. Dr. Yang served as the Chief Executi ...


Management Age and Tenure

0.6yrs

Average Tenure

50.5yo

Average Age

Experienced Management: CCM's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Age and Tenure

7.9yrs

Average Tenure

50yo

Average Age

Experienced Board: CCM's board of directors are considered experienced (7.9 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Yaw Kong Yap (55yo)

    CFO & President

    • Tenure: 0.6yrs
  • Jianyu Yang (48yo)

    Chairman & CEO

    • Tenure: 11.8yrs
  • Xun Liu

    Financial Controller

    • Tenure: 7.9yrs
  • Matthew Callister (49yo)

    Chief Medical Officer

    • Tenure: 0.6yrs
  • Xiao Fu (52yo)

    Chief Operating Officer

    • Tenure: 0.6yrs

Board Members

  • Denny Lee (52yo)

    Independent Director

    • Tenure: 9.8yrs
  • Zheng Cheng (56yo)

    Director

    • Tenure: 11.8yrs
  • Jianyu Yang (48yo)

    Chairman & CEO

    • Tenure: 11.8yrs
  • Shang Yan Chuang (37yo)

    Director

    • Tenure: 2.3yrs
  • Weibo Yin (88yo)

    Independent Director

    • Tenure: 7.9yrs
  • Liping Zhang (47yo)

    Independent Director

    • Tenure: 2.1yrs

Company Information

Concord Medical Services Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Concord Medical Services Holdings Limited
  • Ticker: CCM
  • Exchange: NYSE
  • Founded: 2007
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: US$102.190m
  • Shares outstanding: 43.39m
  • Website: https://www.concordmedical.com

Number of Employees


Location

  • Concord Medical Services Holdings Limited
  • Tower A, Global Trade Center
  • 18th Floor
  • Beijing
  • 100013
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CCMNYSE (New York Stock Exchange)YesADS EACH 1 REPR 3 ORD SHS (USD0.0001)USUSDDec 2009
C2CADB (Deutsche Boerse AG)YesADS EACH 1 REPR 3 ORD SHS (USD0.0001)DEEURDec 2009

Biography

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People’s Republic of China. The company operates in Network and ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/18 00:01
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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 here.