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About

Concord Medical Services Holdings Limited, through its subsidiaries, operates a network of radiotherapy and diagnostic imaging centers in the People's Republic of China. It operates in two segments, Network and Hospital. The company's services include linear accelerators and external beam radiotherapy, proton therapy system, gamma knife radiosurgery, and diagnostic imaging services. Its other treatments and diagnostic services comprise positron emission tomography-computed tomography and magnetic resonance imaging scanners. In addition, the company provides clinical support services, such as developing treatment protocols for doctors, and organizing joint diagnosis between doctors in its network and clinical research, as well as helps to recruit and determine the compensation of doctors and other medical personnel. Further, it offers radiotherapy and diagnostic equipment leasing, management services, and premium cancer and proton treatment services to hospitals, as well as teleconsultation and medical information technology services; and sells medical equipment. Additionally, the company operates specialty cancer hospitals, which offers radiation, imaging, test laboratory, inpatient, and nursing services. Concord Medical Services Holdings Limited was founded in 1997 and is headquartered in Beijing, China.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Medical Care Facilities Market Cap 15.28M
Enterprise Value 8.07B Income -163.12M Sales 365.76M
Book/sh -74.19 Cash/sh 1.35 Dividend Yield —
Payout 0.00% Employees 595 IPO —
P/E — Forward P/E -23.47 PEG —
P/S 0.04 P/B -0.05 P/C —
EV/EBITDA -22.62 EV/Sales 22.07 Quick Ratio 0.10
Current Ratio 0.42 Debt/Eq 221.98 LT Debt/Eq —
EPS (ttm) -5.43 EPS next Y -0.15 EPS Growth —
Revenue Growth -8.30% Earnings 2020-04-29 20:00 ROA -4.48%
ROE -29.03% ROIC — Gross Margin -11.44%
Oper. Margin -72.10% Profit Margin -44.60% Shs Outstand 2.82M
Shs Float 42.33M Short Float 0.09% Short Ratio 0.12
Short Interest — 52W High 10.77 52W Low 3.19
Beta -1.21 Avg Volume 7.27K Volume 12.51K
Target Price — Recom None Prev Close $3.55
Price $3.52 Change -0.85%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$3.52
Latest analyst target
3. DCF / Fair value
—
Simplified FCF or EPS-based estimate
Ratings
Current target
$3.52
Low
—
High
—
Mean
—

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2012-11-23 main Morgan Stanley — → Overweight $6
2012-07-06 main Morgan Stanley — → Overweight $4
2012-03-22 main JP Morgan — → Overweight $5
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems1.00M2.31M-468.46K-247.65K
TaxRateForCalcs0.030.040.080.01
NormalizedEBITDA-383.99M-313.69M-581.18M-331.40M
TotalUnusualItems38.37M52.22M-5.55M-19.96M
TotalUnusualItemsExcludingGoodwill38.37M52.22M-5.55M-19.96M
NetIncomeFromContinuingOperationNetMinorityInterest-308.24M-297.66M-489.66M-271.43M
ReconciledDepreciation130.76M128.45M132.81M104.08M
ReconciledCostOfRevenue463.12M614.01M624.49M542.53M
EBITDA-345.62M-261.47M-586.73M-351.37M
EBIT-476.38M-389.93M-719.54M-455.45M
NetInterestIncome-179.22M-154.84M-110.34M-67.89M
InterestExpense193.20M165.67M120.36M73.79M
InterestIncome13.98M10.83M10.02M5.89M
NormalizedIncome-345.61M-347.56M-484.58M-251.71M
NetIncomeFromContinuingAndDiscontinuedOperation-308.24M-297.66M-489.66M-271.43M
TotalExpenses916.12M1.00B997.13M943.95M
TotalOperatingIncomeAsReported-532.16M-462.99M-525.05M-458.32M
DilutedAverageShares4.37M4.37M4.37M4.37M
BasicAverageShares4.37M4.37M4.37M4.37M
DilutedEPS-70.50-68.10-112.20-187.80
BasicEPS-70.50-68.10-112.20-187.80
DilutedNIAvailtoComStockholders-308.24M-297.66M-489.66M-820.62M
NetIncomeCommonStockholders-308.24M-297.66M-489.66M-820.62M
OtherunderPreferredStockDividend0.000.000.00549.19M
NetIncome-308.24M-297.66M-489.66M-271.43M
MinorityInterests343.83M233.36M279.33M251.25M
NetIncomeIncludingNoncontrollingInterests-652.08M-531.02M-768.99M-522.67M
NetIncomeContinuousOperations-652.08M-531.02M-768.99M-522.67M
TaxProvision-17.50M-24.57M-70.91M-6.57M
PretaxIncome-669.58M-555.59M-839.90M-529.24M
OtherIncomeExpense41.80M62.23M-204.51M-3.02M
OtherNonOperatingIncomeExpenses-9.26M-10.78M-216.61M-1.22M
SpecialIncomeCharges48.38M36.86M-61.55M0.00
GainOnSaleOfPPE62.00K-3.00K0.00
GainOnSaleOfBusiness48.38M36.86M-61.55M0.00
ImpairmentOfCapitalAssets0.000.00
EarningsFromEquityInterest12.70M20.79M17.65M18.16M
GainOnSaleOfSecurity-10.01M15.36M56.00M-19.96M
NetNonOperatingInterestIncomeExpense-179.22M-154.84M-110.34M-67.89M
InterestExpenseNonOperating193.20M165.67M120.36M73.79M
InterestIncomeNonOperating13.98M10.83M10.02M5.89M
OperatingIncome-532.16M-462.99M-525.05M-458.32M
OperatingExpense453.00M386.38M372.64M401.42M
SellingGeneralAndAdministration453.00M386.38M372.64M401.42M
SellingAndMarketingExpense48.63M56.30M61.48M53.67M
GeneralAndAdministrativeExpense404.37M330.08M311.16M347.75M
OtherGandA404.37M330.08M311.16M347.75M
GrossProfit-79.16M-76.61M-152.41M-56.90M
CostOfRevenue463.12M614.01M624.49M542.53M
TotalRevenue383.96M537.40M472.08M485.63M
OperatingRevenue383.96M537.40M472.08M485.63M
Line Item2024-12-312023-12-312022-12-312021-12-31
TreasurySharesNumber12.10M12.10M12.10M12.10M
OrdinarySharesNumber130.25M130.25M130.25M130.25M
ShareIssued142.35M142.35M142.35M142.35M
NetDebt3.53B3.00B2.85B2.34B
TotalDebt3.93B3.30B3.24B2.73B
TangibleBookValue-3.53B-3.42B-3.20B-3.03B
InvestedCapital1.47B934.26M1.14B1.13B
WorkingCapital-1.14B-1.33B-361.44M-220.05M
NetTangibleAssets-3.53B-3.42B-3.20B-3.03B
CapitalLeaseObligations184.34M239.50M235.87M234.71M
CommonStockEquity-2.28B-2.12B-1.86B-1.37B
TotalCapitalization433.30M-107.93M627.46M828.48M
TotalEquityGrossMinorityInterest1.62B1.75B2.02B2.74B
MinorityInterest3.90B3.87B3.88B4.11B
StockholdersEquity-2.28B-2.12B-1.86B-1.37B
GainsLossesNotAffectingRetainedEarnings-77.35M-65.42M-27.77M-29.50M
OtherEquityAdjustments-77.35M-65.42M-27.77M-29.50M
TreasuryStock7.00K7.00K7.00K7.00K
RetainedEarnings-4.37B-4.06B-3.77B-3.28B
AdditionalPaidInCapital2.17B2.01B1.93B1.94B
CapitalStock105.00K105.00K105.00K105.00K
CommonStock105.00K105.00K105.00K105.00K
TotalLiabilitiesNetMinorityInterest5.11B4.31B3.99B3.49B
TotalNonCurrentLiabilitiesNetMinorityInterest2.98B2.36B2.87B2.68B
OtherNonCurrentLiabilities3.32M4.53M3.79M3.25M
PreferredSecuritiesOutsideStockEquity3.68B
DerivativeProductLiabilities0.005.86M
NonCurrentAccruedExpenses44.50M44.47M60.30M75.35M
NonCurrentDeferredLiabilities82.87M99.54M112.58M184.42M
NonCurrentDeferredTaxesLiabilities82.87M99.54M112.58M184.42M
LongTermDebtAndCapitalLeaseObligation2.85B2.21B2.69B2.41B
LongTermCapitalLeaseObligation138.89M193.01M199.95M214.22M
LongTermDebt2.71B2.01B2.49B2.20B
CurrentLiabilities2.13B1.95B1.12B804.52M
OtherCurrentLiabilities163.00K5.29M
CurrentDeferredLiabilities46.15M59.41M100.80M81.03M
CurrentDeferredRevenue46.15M59.41M100.80M81.03M
CurrentDebtAndCapitalLeaseObligation1.08B1.09B548.50M319.84M
CurrentCapitalLeaseObligation45.45M46.49M35.92M20.48M
CurrentDebt1.03B1.04B512.58M299.35M
OtherCurrentBorrowings498.71M730.37M357.09M299.35M
LineOfCredit533.99M311.81M155.50M
PayablesAndAccruedExpenses1.00B803.14M466.64M403.65M
CurrentAccruedExpenses547.63M387.04M75.01M121.15M
Payables453.43M416.10M391.63M282.50M
OtherPayable219.71M269.73M216.11M159.04M
TotalTaxPayable34.33M17.14M28.78M20.95M
IncomeTaxPayable1.62M1.52M818.00K0.00
AccountsPayable199.39M129.24M146.75M102.51M
TotalAssets6.73B6.05B6.00B6.23B
TotalNonCurrentAssets5.74B5.44B5.25B5.65B
OtherNonCurrentAssets3.19M6.34M7.84M13.58M
NonCurrentPrepaidAssets2.68M5.08M7.25M232.20M
NonCurrentAccountsReceivable4.80M
InvestmentsAndAdvances472.17M394.71M437.87M390.62M
InvestmentinFinancialAssets18.92M50.10M
AvailableForSaleSecurities18.92M50.10M
LongTermEquityInvestment472.17M394.71M387.78M390.62M
GoodwillAndOtherIntangibleAssets1.25B1.30B1.34B1.66B
OtherIntangibleAssets680.37M721.15M761.25M1.07B
Goodwill572.22M575.43M575.43M581.88M
NetPPE4.01B3.73B3.46B3.35B
AccumulatedDepreciation-402.06M-394.05M-324.36M-241.03M
GrossPPE4.41B4.13B3.78B3.59B
Leases77.68M81.77M75.03M78.72M
ConstructionInProgress2.48B2.47B2.14B1.99B
OtherProperties998.00M704.89M719.58M687.29M
MachineryFurnitureEquipment57.85M62.72M61.76M60.93M
BuildingsAndImprovements798.10M807.74M782.56M775.71M
Properties0.000.000.000.00
CurrentAssets983.97M617.21M759.80M584.48M
OtherCurrentAssets527.76M412.95M385.35M
CurrentDeferredAssets200.00K1.87M
RestrictedCash20.76M32.28M1.06M1.39M
PrepaidAssets2.60M2.71M
Inventory33.44M40.35M84.83M38.09M
InventoriesAdjustmentsAllowances-591.00K-575.00K-607.00K-620.00K
FinishedGoods2.74M4.04M9.90M10.26M
RawMaterials31.29M36.89M75.55M28.45M
Receivables51.17M73.50M130.27M383.04M
ReceivablesAdjustmentsAllowances-17.29M-14.85M
OtherReceivables61.21M55.48M
TaxesReceivable44.50M45.25M
AccruedInterestReceivable0.00
LoansReceivable294.13M169.27M
AccountsReceivable51.17M73.50M130.27M127.90M
AllowanceForDoubtfulAccountsReceivable-42.88M-30.49M-7.76M-4.93M
GrossAccountsReceivable94.05M103.98M138.03M132.83M
CashCashEquivalentsAndShortTermInvestments350.85M58.14M158.28M157.39M
OtherShortTermInvestments134.62M0.00
CashAndCashEquivalents216.22M58.14M158.28M157.39M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-808.58M-396.38M-601.50M-1.14B
RepaymentOfDebt-1.75B-450.42M-394.60M-206.06M
IssuanceOfDebt2.72B469.85M860.60M557.18M
IssuanceOfCapitalStock510.52M0.000.00
CapitalExpenditure-410.83M-119.91M-384.81M-780.29M
InterestPaidSupplementalData188.30M152.36M145.26M134.18M
IncomeTaxPaidSupplementalData148.00K898.00K3.01M0.00
EndCashPosition236.98M90.42M159.34M158.91M
BeginningCashPosition90.42M159.34M158.91M446.39M
EffectOfExchangeRateChanges-8.28M-2.42M-47.17M-4.64M
ChangesInCash154.84M-66.50M47.60M-282.85M
FinancingCashFlow1.15B257.65M383.09M642.45M
CashFlowFromContinuingFinancingActivities1.15B257.65M383.09M642.45M
NetOtherFinancingCharges-335.36M238.23M-82.92M291.33M
NetCommonStockIssuance510.52M0.000.00
CommonStockIssuance510.52M0.000.00
NetIssuancePaymentsOfDebt970.87M19.43M466.00M351.12M
NetShortTermDebtIssuance144.37M-105.16M19.87M126.11M
ShortTermDebtPayments-360.33M-442.86M-197.60M-24.71M
ShortTermDebtIssuance504.70M337.69M217.47M126.11M
NetLongTermDebtIssuance826.50M124.59M446.13M225.01M
LongTermDebtPayments-1.39B-7.56M-197.00M-206.06M
LongTermDebtIssuance2.22B132.15M643.13M431.07M
InvestingCashFlow-593.44M-47.68M-118.79M-565.98M
CashFlowFromContinuingInvestingActivities-593.44M-47.68M-118.79M-565.98M
NetOtherInvestingChanges245.63M31.52M
DividendsReceivedCFI10.00M12.02M5.10M15.86M
NetInvestmentPurchaseAndSale-99.67M0.0011.95M19.98M
SaleOfInvestment104.94M0.0011.95M19.98M
PurchaseOfInvestment-204.61M0.000.000.00
NetBusinessPurchaseAndSale-92.94M59.90M-2.30M-66.03M
SaleOfBusiness9.06M60.00M0.001.57M
PurchaseOfBusiness-102.00M-100.00K-2.30M-67.60M
NetIntangiblesPurchaseAndSale-10.16M-4.21M-1.03M-19.71M
PurchaseOfIntangibles-10.16M-4.21M-1.03M-19.71M
NetPPEPurchaseAndSale-400.67M-115.39M-378.14M-547.61M
SaleOfPPE0.00310.00K5.63M212.97M
PurchaseOfPPE-400.67M-115.70M-383.77M-760.58M
OperatingCashFlow-397.75M-276.47M-216.69M-359.31M
CashFlowFromContinuingOperatingActivities-397.75M-276.47M-216.69M-359.31M
ChangeInWorkingCapital-149.33M-55.01M105.03M-46.60M
ChangeInOtherWorkingCapital-3.09M-41.18M57.17M-193.46M
ChangeInOtherCurrentLiabilities-19.33M-18.15M-2.94M-13.34M
ChangeInOtherCurrentAssets-458.00K1.62M-15.00K-175.00K
ChangeInPayablesAndAccruedExpense190.69M71.49M227.08M260.09M
ChangeInAccruedExpense97.53M55.01M112.52M-1.89M
ChangeInPayable93.15M16.48M114.56M261.98M
ChangeInAccountPayable93.05M15.78M113.74M262.84M
ChangeInTaxPayable101.00K705.00K818.00K-858.00K
ChangeInIncomeTaxPayable101.00K705.00K818.00K-858.00K
ChangeInPrepaidAssets-335.66M-149.74M-130.16M-30.91M
ChangeInInventory6.50M44.49M-46.75M-4.35M
ChangeInReceivables12.02M36.45M644.00K-64.45M
ChangesInAccountReceivables12.02M36.45M644.00K-64.45M
OtherNonCashItems215.78M192.35M343.93M95.51M
StockBasedCompensation0.000.00-5.92M14.68M
UnrealizedGainLossOnInvestmentSecurities-7.29M0.000.00
ProvisionandWriteOffofAssets128.20M64.71M5.40M2.56M
AssetImpairmentCharge0.000.00
DeferredTax-15.65M-13.04M-71.85M11.26M
DeferredIncomeTax-15.65M-13.04M-71.85M11.26M
DepreciationAmortizationDepletion130.76M128.45M132.81M104.08M
DepreciationAndAmortization130.76M128.45M132.81M104.08M
AmortizationCashFlow45.98M46.33M44.12M39.79M
AmortizationOfIntangibles45.98M46.33M44.12M39.79M
Depreciation84.78M82.12M88.69M64.29M
OperatingGainsLosses-48.13M-62.92M42.89M-18.12M
EarningsLossesFromEquityInvestments-12.58M-58.29M-17.65M-18.16M
GainLossOnInvestmentSecurities-166.00K-5.21M-1.01M39.00K
GainLossOnSaleOfPPE13.11M-62.00K3.00K0.00
GainLossOnSaleOfBusiness-48.50M638.00K61.55M0.00
NetIncomeFromContinuingOperations-652.08M-531.02M-768.99M-522.67M
SEC Filings

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