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HCM · NasdaqGS

HUTCHMED (China) Limited

Drug Manufacturers - Specialty & Generic · Hong Kong

USD 13.67-1.1% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$2.38B
Trailing P/E
136.70x
Forward P/E
52.40x
Quarterly revenue growth
0.2%
Trailing net margin
3.3%
Indicated dividend yield

Snapshot 2026-09-20 · Latest financial period 2026-06-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Company background

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). In addition, the company is developing HMPL-760, which is in phase I and II clinical trial to treat relapsed and/or refractory diffuse large B cell lymphoma, chronic lymphocytic leukemia, small lymphocytic lymphoma, and other B-NHL; HMPL-506 to treat Mixed-lineage leukemia-rearrange/rearrangement and nucleophosmin 1-mutantAML. It has collaboration agreements with AstraZeneca AB (publ), Lilly (Shanghai) Management Company Limited, Takeda, Inmagene Biopharmaceuticals Co. Ltd., Innovent Biologics Co., Inc., and Epizyme, Inc., and Epizyme, Inc. The company was formerly known as Hutchison China MediTech Limited and changed its name to HUTCHMED (China) Limited in May 2021. HUTCHMED (China) Limited was incorporated in 2000 and is headquartered in Hong Kong, Hong Kong.

Company website

Q1 2026

Go beyond the headline.

HCM Stock: FRUZAQLA +26% + SAFFRON Readout Q1 2026

Published 2026-06-05

Comparable businesses

HCM peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

Market metrics · missing or inapplicable values shown as —
MetricHCMHUTCHMED (China) LimitedSnapshot 2026-09-20Financial period: 2026-06-30ALVOAlvotechSnapshot 2026-09-20Financial period: 2026-06-30PAHCPhibro Animal Health CorporationSnapshot 2026-09-20Financial period: 2026-06-30Peer medianSimilar-size peers only
Market capMarket value, converted to USDUS$2.38BUS$2.09BUS$1.40BUS$1.75Bn=2
Forward P/EProvider forward earnings estimate52.40x25.71x8.98x17.34xn=2
EV / EBITDAEnterprise value / trailing EBITDA44.94x8.66x26.80xn=2
Revenue growthLatest quarter vs prior-year quarter0.2%-38.9%4.8%-17.1%n=2
Operating marginLatest reported quarter0.3%-11.1%10.6%-0.2%n=2
Free cash flow yieldTrailing cash flow / market cap-0.8%-5.9%-1.4%-3.6%n=2
Net debt / EBITDANet debt / trailing EBITDA17.28x2.91x10.10xn=2
Debt / equityTotal debt / positive book equity0.07x2.06x
Trailing P/ETrailing twelve-month earnings136.70x14.22x
Price / bookPrice / positive book equity per share1.88x3.64x
EV / salesEnterprise value / trailing revenue2.02x6.88x1.39x4.14xn=2
Earnings growthLatest quarter vs prior-year quarter-96.5%24.6%
Gross marginTrailing twelve months13.3%60.7%33.3%47.0%n=2
Net marginTrailing twelve months3.3%-36.3%6.6%-14.9%n=2
Return on equityProvider trailing return; positive equity only1.5%29.7%
Free cash flow marginTrailing free cash flow / revenue-3.4%-24.9%-1.3%-13.1%n=2
Dividend yieldIndicated annual dividend / price1.4%
Earnings payoutProvider trailing dividend payout0.0%0.0%19.8%9.9%n=2
Current ratioCurrent assets / current liabilities5.64x1.65x2.96x2.30xn=2
BetaProvider historical market sensitivity0.450.220.470.34n=2

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Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

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Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for HCM

All available reporting periods
Q1 20262026-06-05

Reported figures

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