HCM · NASDAQ · Drug Manufacturers - Specialty & Generic

HUTCHMED (ADR) (HCM)

Develops targeted therapies and immunotherapies, commercializing medicines in China and through global partners.

$14.24
vs last close+0.17 (+1.17%)
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HUTCHMED (China) LimitedHCM
Health Care

Develops targeted therapies and immunotherapies for cancer and immunological diseases. It markets three internally developed medicines in China and uses partnerships to commercialize fruquintinib outside China.

Develops, manufactures, and markets targeted therapies and immunotherapies for cancer and immunological diseases. Its Oncology/Immunology business spans discovery through commercialization, while Other Ventures retains China prescription-drug and healthcare distribution activities.

In China, the internally developed medicines are Orpathys, Elunate, and Sulanda. Fruquintinib is marketed as Fruzaqla outside China through Takeda, while savolitinib is partnered with AstraZeneca.

The operating model combines in-house discovery and China commercialization with selected partners in markets outside China. Founded by a CK Hutchison subsidiary, it remains closely connected today to CK Hutchison through its largest shareholder.

Company facts

CEOJohnny Cheng
ListedMar 17, 2016
ExchangeNASDAQ
HeadquartersHong Kong, HK
CountryHong Kong
Employees1,799
CIK0001648257
ISINUS44842L1035

Market cap$2.45B
EPS (ttm)$0.1030
P/E (ttm)136.60
ROE1.4%
P/B1.95
P/S4.47
Dividend yieldDiv yield
Beta0.84vs XLV 0.23

Price target$16.25+15.5%Average of 10 analysts
ConsensusBuy8 of 10 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 9, 2026Stifel NicolausTarget
Target:
Target: $45
Sep 8, 2026HSBCUpgrade
Rating: Hold
Rating: Buy
Sep 3, 2026DaiwaUpgrade
Rating: Target:
Rating: BuyTarget: $18.50
Jul 23, 2026Goldman SachsReiterate
Rating: Target:
Rating: NeutralTarget: $14
May 28, 2026Morgan StanleyTarget
Target: $17.50
Target: $13.60

EPSReportedEstimate

Sep '24Feb '25Mar '25Jul '25Aug '25Mar '26Jul '26Jul '26
Reported$0.03$0.04$0.07$1.35$2.60$0.00$0.05$0.05
Estimate−$0.32$0.04−$0.32$1.46$2.50−$0.36$0.15
Surprise+111.0%+75.0%+525.9%+78.1%−100.0%+112.8%−68.3%

RevenueReportedEstimate

Sep '24Feb '25Mar '25Jul '25Aug '25Mar '26Jul '26Jul '26
Reported$162.3M$162.3M$324.5M$138.8M$277.7M$271.0M$139.1M$278.3M
Estimate$57.3M$319.3M$57.3M$330.4M$290.5M$80.9M$304.2M
Surprise+183.3%+1.7%+142.4%−15.9%−6.7%+71.9%−8.5%
Estimate$0.15
Reported$0.05−68.3%
Estimate$304.2M
Reported$278.3M−8.5%
View details

Debt to equity7.50%
Current ratio564.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$162.3M$162.3M$138.8M$138.8M$135.4M$135.4M$139.1M$139.1M
Net income$6.0M$6.0M$227.5M$227.5M$977.5K$977.5K$8.0M$8.0M
Net margin3.7%3.7%163.8%163.8%0.7%0.7%5.7%5.7%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income−$8.1M−$8.1M−$1.8M−$1.8M−$17.8M−$17.8M$434.5K$434.5K
YoY growthLoss narrowedLoss narrowedLoss narrowedLoss narrowedLoss widenedLoss widenedTurned profitTurned profit

Balance sheet, Jun 30, 2026Cash & short-term investments $1.38B · Total debt $94.5M · Total assets $1.74B · Shareholders' equity $1.26B

Revenue
$139.1M
Operating income
$434.5K
Net income
$8.0M
View details

No dividends on record.

Institutions2.48%4.33M ADS
56 holders · as of Jun 30, 2026
Insiders0.05%84.0K ADS
2 holders · as of Mar 11, 2026
Other97.47%170.06M ADS
remainder

174.47M ADS as of Sep 5, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

The share count has not been confirmed by a second filing; stakes use it as it stands.

Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Schroder Investment Management GroupInstitution
0.85%1.48M ADSas of Jun 30, 2026
Allianz Asset Management GmbHInstitution
0.39%674,511 ADSas of Jun 30, 2026
State Street CorpInstitution
0.18%313,611 ADSas of Jun 30, 2026
Aia Group LtdInstitution
0.17%291,229 ADSas of Jun 30, 2026
M&G PLCInstitution
0.14%242,791 ADSas of Jun 30, 2026

Insider tradesForm 4

No open-market trades in the last 12 months.

View details

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