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HUTCHMED (China) Ltd
HKEX:13

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HUTCHMED (China) Ltd
HKEX:13
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Price: 21.88 HKD -0.18% Market Closed
Market Cap: HK$19.1B

P/B

2
Current
43%
Cheaper
vs 3-y average of 3.4

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
HK$21.4B
/
Total Equity
$1.2B

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
HK$21.4B
/
Total Equity
$1.2B

Valuation Scenarios

HUTCHMED (China) Ltd is trading below its 3-year average

If P/B returns to its 3-Year Average (3.4), the stock would be worth HK$38.25 (75% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-61%
Maximum Upside
+79%
Average Upside
18%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2 HK$21.88
0%
3-Year Average 3.4 HK$38.25
+75%
5-Year Average 3.5 HK$39.1
+79%
Industry Average 1.6 HK$17.7
-19%
Country Average 0.8 HK$8.58
-61%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
HK
HUTCHMED (China) Ltd
HKEX:13
19.1B HKD 2 5.3
US
Eli Lilly and Co
NYSE:LLY
835.2B USD 31.5 40.5
US
Johnson & Johnson
NYSE:JNJ
547.8B USD 6.7 26
CH
Roche Holding AG
SIX:ROG
248.4B CHF 7.7 20.1
UK
AstraZeneca PLC
LSE:AZN
216.4B GBP 5.9 28.2
CH
Novartis AG
SIX:NOVN
218.2B CHF 5.9 19.5
US
Merck & Co Inc
NYSE:MRK
276.9B USD 5.3 15.2
IE
Endo International PLC
LSE:0Y5F
244.4B USD -58.7 -83.6
DK
Novo Nordisk A/S
CSE:NOVO B
1.2T DKK 5.9 11.3
US
Pfizer Inc
NYSE:PFE
153.5B USD 1.8 19.8
US
Bristol-Myers Squibb Co
NYSE:BMY
118.2B USD 6.4 16.8
P/E Multiple
Earnings Growth PEG
HK
H
HUTCHMED (China) Ltd
HKEX:13
Average P/E: 20.3
5.3
-31%
N/A
US
Eli Lilly and Co
NYSE:LLY
40.5
32%
1.3
US
Johnson & Johnson
NYSE:JNJ
26
8%
3.3
CH
Roche Holding AG
SIX:ROG
20.1
14%
1.4
UK
AstraZeneca PLC
LSE:AZN
28.2
25%
1.1
CH
Novartis AG
SIX:NOVN
19.5
14%
1.4
US
Merck & Co Inc
NYSE:MRK
15.2
14%
1.1
IE
E
Endo International PLC
LSE:0Y5F
Negative Multiple: -83.6 N/A N/A
DK
Novo Nordisk A/S
CSE:NOVO B
11.3
0%
N/A
US
Pfizer Inc
NYSE:PFE
19.8
22%
0.9
US
Bristol-Myers Squibb Co
NYSE:BMY
16.8
16%
1

Market Distribution

Higher than 78% of companies in Hong Kong
Percentile
78th
Based on 1 630 companies
78th percentile
2
Low
0 — 0.5
Typical Range
0.5 — 1.3
High
1.3 —
Distribution Statistics
Hong Kong
Min 0
30th Percentile 0.5
Median 0.8
70th Percentile 1.3
Max 2 018.4

HUTCHMED (China) Ltd
Glance View

Market Cap
19.1B HKD
Industry
Pharmaceuticals

HUTCHMED (China) Ltd., a hybrid of innovation and tradition, stands at the intersection of global pharmaceutical ambitions and Chinese herbal expertise. Born out of a joint venture between Hutchison Whampoa and Chi-Med, the company has steadily carved out a niche by developing a dual-pronged business model that merges cutting-edge biotechnology with traditional Chinese medicine. This hybrid approach enables HUTCHMED to leverage the best of both worlds by combining the rich pharmacological heritage of China with modern scientific research. Its pipeline includes a range of drugs aimed at treating various cancers and immunological disorders, developed through deep-pocketed collaborations and alliances with multinational corporations. Revenue streams at HUTCHMED primarily flow from drug discoveries and developments that pass through rigorous clinical trials, reaching commercialization both in China and internationally. The company invests significantly in R&D to advance its pipeline, while also generating income through strategic partnerships that involve licensing agreements and joint ventures. This allows HUTCHMED not only to mitigate risks associated with drug development but also to tap into diverse markets by navigating a multifaceted regulatory landscape. By paving the way for western pharmaceutical technologies alongside traditional medicinal insights, HUTCHMED creates a sustainable growth trajectory in an ever-evolving global healthcare market.

Intrinsic Value
14.79 HKD
Overvaluation 32%
Intrinsic Value
Price HK$21.88
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