ROARABLE // PRO
GLOBAL DESKS // NYC --:--:-- NYSE
US TAPE
ROAR ▸

HCM // HUTCHMED (China) Limited

DES <GO> NASDAQ RQD COCKPIT → CIK 0001648257 ↗
Health Care • Biotechnology: Pharmaceutical Preparations
$13.59 ▲ +0.27 (+2.03%)
MKT CAP: $2.37B • VOL: 34.3K
HCM // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE
PRIOR: RQD 46/100 [D] (+0 PT) • UNCHANGED
ROARABLE D
RQD CONFIDENCE
46 / 100 +0D
5 X 20-PT QUANT PILLARS
E 0 D 35 C 59 B 70 A 86+
Roarable Sell — Underperform / Distribution Warning
01 MASSIVE / SEC XBRL
Forensic Fundamentals
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
02 INSTITUTIONAL TAPE & TREND
Whale & Options Flow
11 / 20
NEUTRAL
52W RANGE 59% • VS 200D +2% • RSI 57.5
03 SEC XBRL CAPITAL ALLOCATION
Insider & Capital Conviction
[LOCKED] FLAGGED
UNLOCK BELOW TO REVEAL
04 FRED 90D r-MATRIX
Macro Regime Fit
12 / 20
NEUTRAL
NEUTRAL • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00
05 10-K REDLINE AUDIT
Forensic 10-K Risk
12 / 20
NEUTRAL
20 BASE - 8 DEDUCT • 0 CRIT / 0 MED • STABLE
ALERT

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HCM // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +1.12%🛡️ HOLDING TREND SUPPORT
2026-10-30O $13.35H $13.59L $13.14C $13.59VOL 33.5K
RES: $16.54SUP: $13.20SMA50: $13.65SMA200: $13.22
$15.54$13.97$12.41$10.85$9.28RES $16.54SUP $13.20$13.592026-04-302026-06-152026-07-312026-09-162026-10-30
HCM // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE
UNDERWEIGHT CONVICTION: 30/100
BEAR 0
100 BULL

HUTCHMED (China) Limited (HCM) exhibits 45.0% gross margins and -2.5% return on invested capital within Health Care (Biotechnology: Pharmaceutical Preparations), balanced against a 5.2x enterprise multiple and 4.8% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)
01. Operating Leverage & Capital Efficiency Moat

Sustained 45.0% gross profitability converts into -7.1% operating margin and -2.5% ROIC, outpacing sector cost of capital.

ROIC: -2.5% // GM: 45.0%
02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of -13.0% paired with -3.32% free cash flow yield supports self-funded R&D and capital return.

REV YOY: -13.0% // FCF YLD: -3.32%
03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 3.63 and Piotroski F-Score of 4/9 indicate low near-term refinancing stress.

ALTMAN Z: 3.63 // F-SCORE: 4/9
▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)
01. Multiple Compression & Duration Sensitivity

Trading at 5.2x trailing P/E (4.8x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 5.2x // EV/EBITDA: —
02. Options Skew & Event Volatility Risk

Options market prices a ±5.2% implied move with a 0.85 put/call ratio around $13.59 max pain.

IMPL MOVE: ±5.2% // P/C: 0.85
03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Biotechnology: Pharmaceutical Preparations require continuous execution to defend 68.0% net margins.

NET MARGIN: 68.0% // D/E: 0.06x
KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 4.8x forward consensus, and institutional 13F positioning.
MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).
FORM 4 & 13F FLOW OPEN OWN <GO>
FILER SIDE $ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>
UNUSUAL OPTIONS TAPE OPEN OPT <GO>
STRIKE / EXP TYPE PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>
KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>
TRAILING P/E 5.2x
FORWARD P/E 4.8x
EV / EBITDA —
FCF YIELD -3.32%
GROSS MARGIN —
OPERATING MARGIN -7.1%
NET MARGIN 68.0%
ROIC % -2.5%
REV GROWTH YOY -13.0%
DILUTED EPS TTM $2.62
DEBT / EQUITY 0.06x
DIVIDEND YIELD 0.00%
RSI-14 MOMENTUM 41.1
5Y EQUITY BETA —
FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>
MACRO CORRELATION CALIBRATION ACTIVE BELOW.
FRED MACRO REGIME STRESS-TEST SIMULATOR // HCMPEARSON R VARIANCE ENGINE
01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO
02 // POSITION NOTIONAL EXPOSURE
HEADLINE STRESS SCORE
75/100SEVERE DRAWDOWN PRESSURE
PRIMARY FACTOR EXPOSURE
DFII10 // -0.61 r
Latest: 2.08%
EST. DIRECTIONAL MOVE
-8.50%
Implied Px: $12.44
EST. DOLLAR VARIANCE
-$4,248
On $50,000 Notional
[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for HCM & activate live FRED threshold breach alerts.

HEAD-TO-HEAD PEER COMPARISONS COMP <GO>