Concord Medical Services Holdings Limited (CCM) AI Stock Analysis

NYSE: CCMAI research summary: business, growth, valuation, analysts, bull and bear case.

CCM AI stock analysis summary

AI Research

Concord Medical Services Holdings Limited operates radiotherapy and diagnostic imaging centers across China. In FY2025, revenue increased 19.9% to $460.5M, while net income was -$92.8M. The company faces balance sheet challenges with total debt of $3.63B and negative shareholders' equity of -$2.10B.

Market cap
$15.8M
Revenue (TTM)
$460.5M
P/E
—
fwd 11.3x
1Y return
-38.1%
S&P 500 16.8%
Avg. target
$1.20
-66.9% vs last close

Bull case

  • Quarterly revenue growth reached 57.4% year-over-year for the period ended March 31, 2026.
  • Gross margin turned positive in FY2025 at 5.6%, up from -20.6% in FY2024.
  • The forward P/E multiple of 11.3x sits below the US-listed Healthcare median of 17.3x.

Bear case

  • Total debt of $3.63B against cash of $297.8M leaves the company with net debt of $3.34B and negative shareholders' equity of -$2.10B.
  • Concord Medical generated free cash flow of -$293.2M and an operating margin of -52.0% in FY2025.
  • The mean analyst price target of $1.20 implies a 66.9% decline from the last close of $3.63.

What Concord Medical Services does

Concord Medical Services Holdings Limited, based in Beijing, China, operates a network of radiotherapy and diagnostic imaging centers through Network and Hospital segments. Its Network segment provides external beam radiotherapy, gamma knife radiosurgery, and computed tomography imaging, alongside clinical support, equipment leasing, and teleconsultation. The company also sells medical equipment and delivers medical information technology solutions. In addition, Concord Medical operates specialty cancer hospitals offering comprehensive oncology care including radiotherapy, chemotherapy, diagnostic imaging, and surgical procedures. As of December 31, 2021, the company operated 16 cooperative centers across 13 hospitals.

Growth and profitability

Between FY2020 and FY2025, revenue grew at a 5-year CAGR of 15.6%. Revenue reached $537.4M in FY2023 before falling 28.6% to $384.0M in FY2024. In FY2025, revenue rebounded 19.9% to $460.5M, and gross margin reached 5.6% compared to -20.6% in FY2024. Operating margin was -52.0% in FY2025, compared to -138.6% in the prior year. Net income was -$92.8M in FY2025, compared to -$308.2M in FY2024. For the trailing twelve months ended March 31, 2026, quarterly revenue growth rose 57.4% year-over-year, while TTM net margin was -20.2% and EPS was -$3.03.

CCM income statement →

Balance sheet and cash flow

As of March 31, 2026, Concord Medical held $297.8M in cash and short-term investments against total debt of $3.63B, resulting in net debt of $3.34B. Total assets stood at $6.55B, but shareholders' equity was -$2.10B, reflecting negative equity. The company's current ratio was 0.48. In FY2025, capital expenditures were $91.3M, while operating cash flow was -$201.8M and free cash flow was -$293.2M. Over the past five years, the share count declined 99.9%.

CCM balance sheet →

Valuation and performance

At a last close of $3.63 on October 16, 2026, Concord Medical carries a market capitalization of $15.8M and an enterprise value of $514.8M. The stock trades at a forward P/E of 11.3x, compared to a median of 17.3x for its US-listed Healthcare peers. Its price-to-sales multiple is 0.0x versus the peer median of 4.1x, and its EV-to-revenue stands at 7.5x. Over the past year, CCM fell 38.1%, while the S&P 500 benchmark gained 16.8%. Over five years, the stock dropped 86.8% compared to an 83.0% gain for the S&P 500.

CCM key metrics →

What analysts expect

Wall Street analysts maintain a mean price target of $1.20 for Concord Medical, indicating a 66.9% decline from the last close of $3.63. Over the last four quarters, the company recorded 0 EPS beats. In trailing twelve months results, diluted EPS stood at -$3.03. Ownership data shows insiders hold 25.6% of shares, institutional investors own 1.3%, and short interest represents 0.8% of the float.

Key risks and what to watch

  • The company's current ratio of 0.48 indicates short-term liquidity constraints given total debt of $3.63B.
  • Concord Medical recorded 0 EPS beats over the last four quarters and posted net income of -$92.8M in FY2025.
  • The stock has declined 38.1% over the past year while the S&P 500 gained 16.8%.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this CCM AI stock analysis

This page is an AI-written research summary of Concord Medical Services Holdings Limited (CCM). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: CCM income statement, CCM balance sheet, CCM key metrics, CCM chart. See the CCM stock overview for the latest quote and news.

CCM AI stock analysis FAQ

What was Concord Medical's revenue in FY2025?

In FY2025, Concord Medical generated $460.5M in revenue, reflecting a 19.9% increase compared to FY2024.

Does Concord Medical pay a dividend?

Concord Medical does not currently pay a dividend.

What is Concord Medical's debt level?

As of March 31, 2026, the company reported $3.63B in total debt and $297.8M in cash and short-term investments, resulting in net debt of $3.34B.

What is the analyst price target for CCM?

The mean analyst price target is $1.20, which is 66.9% below its last close of $3.63 on October 16, 2026.

More Healthcare AI stock analysis