Concord Medical Services Holdings(CCM)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$3.56
09/24/2026
(24-hour delay)

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*as per simulation (see disclosures)
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Upturn Advisory & Investor View for CCM

09/24/2026: CCM (1-star) is currently NOT-A-BUY. Pass it for now.

Concord Medical Services Holdings is a healthcare provider operating radiotherapy and diagnostic imaging centers, as well as specialty cancer hospitals in China. The company's main strength lies in its established network and focus on high-demand oncology services, which benefit from an aging population. Its primary growth story revolves around the development of specialized cancer hospitals and proton therapy, though this shift requires significant capital. Key risks include intense competition from public hospitals, strict Chinese healthcare regulations, and reliance on favorable reimbursement policies. The stock is best suited for growth-oriented investors with a high tolerance for volatility and geopolitical risk, who should monitor policy updates and capital expenditure efficiency.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorWeak fitThe company faces significant structural and market-related headwinds that limit predictable growth.
Momentum investorWeak fitThe stock has historically exhibited low momentum and high volatility.
Value investorMixed fitWhile the market cap is low, the complex asset base makes valuation difficult to assess.
Dividend investorWeak fitThe company does not provide a dividend yield.
Low-risk investorWeak fitThe regulatory and execution risks in the Chinese healthcare market make this unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is subject to sharp price fluctuations driven by sentiment on Chinese ADRs.
Valuation riskMedium / highDetermining fair value is difficult given the complexity of the asset-heavy business model.
Competition risk (Public Hospital dominance)HighPublic hospitals remain the dominant provider, limiting private sector expansion.
Business qualityMediumThe company manages critical medical infrastructure but faces structural profitability constraints.
Dividend incomeLow / noneNo income component exists for investors.
Execution riskHighSuccessfully managing new specialty hospitals is capital-intensive and operationally difficult.

Price Behavior

Rolling Over
PRICE PATH

Rolling Over

The price momentum is slowing down and beginning to turn downward.

Highly Choppy
PRICE STABILITY

Highly Choppy

The stock has experienced frequent, large price swings that make its near-term movement less predictable.

Analysis of Past Performance

Type Stock
Historic Profit -82.72%
Avg. Invested days 14
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 1.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/24/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
CCM receives a 2-star rating, supported by available scored pillars. The rating is constrained by weak unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
CCM has moderate overall fundamentals (3 stars), with soft financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, strong earnings growth (+69.9%) and solid revenue growth (+19.9%) are partially offset by soft cash generation (FCF margin -63.7%), soft profitability (net margin -20.2%).

Financial Health Rating

★★★★★
CCM's financial health is supported by soft cash strength, including free-cash-flow generation (-63.7% of revenue). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is CCM's strongest growth driver at +69.9% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+19.9%, solid) and free-cash-flow growth (+63.7%, strong) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 1.3% and approximately 49.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 25.65% supports management-shareholder alignment.

Top 5 Institutional Investors

SmartHarvest Portfolios, LLC 0.32%
Susquehanna International Group, LLP 0.27%
Citadel Advisors Llc 0.24%
UBS Group AG 0.01%
Morgan Stanley - Brokerage Accounts 0.00%

Unit Economics (Per $1K Revenue)

★★★★★
CCM generates approximately $56 of gross profit, $-520 of operating income, and $-637 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 75.14%

Quantitative Style Profile

★★★★★
CCM has a relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedLow VolatilitySmall / Mid Cap Risk

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 16.72M USD
Price to earnings Ratio -
1Y Target Price 1.2
Price to earnings Ratio -
1Y Target Price 1.2
Volume (30-day avg) 66.7K shares
Beta -0.94
52 Weeks Range 3.18 - 6.98
Updated Date 09/24/2026
52 Weeks Range 3.18 - 6.98
Updated Date 09/24/2026
Dividends yield (FY) -
Basic EPS (TTM) -3.3

How Company Makes Money

Business areaWhat it includesRetail investor read
Radiotherapy and ImagingLeasing and managing equipment in hospitals.The core legacy business providing steady, though slow-growth, service income.
Specialty HospitalsPatient services at company-owned cancer hospitals.The primary growth driver that requires heavy spending to scale.
China OperationsHealthcare delivery across Chinese provinces.Success is entirely dependent on the Chinese regulatory and healthcare environment.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE -
Forward PE 11.3
Enterprise Value 514.53M
Price to Sales(TTM) 0.04
Enterprise Value 514.53M
Price to Sales(TTM) 0.04
Enterprise Value to Revenue 7.48
Enterprise Value to EBITDA -0.96
Shares Outstanding 2.82M
Shares Floating 1.38M
Shares Outstanding 2.82M
Shares Floating 1.38M
Percent Insiders 25.65
Percent Institutions 1.28

Icon representing Upturn AI-generated SWOT analysis summary Upturn AI Summary

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Concord Medical Services Holdings

Exchange NYSE
Headquarters -
IPO Launch date 2009-12-11
Chairman & CEO Dr. Jianyu Yang
Sector Healthcare
Industry Medical Care Facilities
Full time employees 610
Full time employees 610

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, and 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.