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HBM Holdings Limited (2142.HK)

HKD12.25 +0.52 (+4.43%)
CN HKSE Healthcare Biotechnology
Address Tower A, 12th Floor 200032
Shanghai, CN
CEO Jingsong Wang
IPO 2020-12-10
ISIN KYG4403H1002

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Also trades on Hong Kong Stock Exchange · 2142.HK (HKD) Other OTC · HBMHF (USD)
Description

HBM Holdings Limited is a clinical-stage biopharmaceutical enterprise focused on identifying and developing unique antibody-based treatments for a variety of immunological conditions and cancers. The company's pipeline includes several promising assets. In immunology, Batoclimab (HBM9161) is a human monoclonal antibody specifically designed to bind and inhibit the neonatal fragment crystallizable receptor, while Tanfanercept (HBM9036) is under development to address moderate to severe dry eye disease. For oncology, HBM Holdings is advancing various therapies, such as HBM7008, a bispecific antibody targeting tumor-associated antigens, and HBM4003, a human anti-CTLA-4 antibody. Additional cancer candidates in their portfolio include HBM9302 for breast and gastric cancers, HBM7020 for multiple myeloma, and a suite of treatments—HBM1007, HBM1029, HBM7015, HBM7008, and HBM1022—geared towards solid tumors. Furthermore, HBM9022 is being developed to treat SARS-COV-2. Operating globally, HBM Holdings has a presence in Mainland China, the United States, Europe, and other international markets. The company also fosters strategic partnerships for antibody-drug conjugate (ADC) projects with LegoChem Biosciences Inc. and Duality Biotherapeutics, Inc. HBM Holdings Limited was founded in 2016 and is based in Shanghai, People's Republic of China.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
HKD12.25 +0.52 (+4.43%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
1.35
Float Shares
560.35M
Free Float %
66.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+3.54% -2.58% -10.15% -3.79% -13.28% -3.87% +30.91% +579.65% -0.26% +6.08% +6.08%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
12.25
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.45
Safe zone
Piotroski F-Score
6 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Biotechnology: +1.6%
    +315.3% Q4'25: +17.0% (vs Q4'23)
  • EPS growth Biotechnology: +29.7%
    +2,955.6% Q4'25: -23.7% (vs Q4'23)
  • FCF margin FCF growth · Biotechnology: +16.2%
    +53.7% Q4'25: +33.5% (vs Q4'23)
  • EBIT margin Biotechnology: +0.0%
    +51.0% Q4'25: +21.8% (vs Q4'23)
  • ROIC Biotechnology: -16.1%
    +169.3% Q4'25: +101.3% (vs Q4'23)
  • Share dilution Biotechnology: -3.4%
    +5.0% Q4'25: +26.4% (vs Q4'23)
  • Debt / EBITDA Net debt/EBITDA · Biotechnology: 0.16×
    0.98× Q4'25: 1.48× (vs Q4'23)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.40) × ERP
WACC = 94% × Ke + 6% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 12.25
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
2 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
Dec 2030
1 Rev. Ana.
Revenue
14.11M
est: 11.21M (+25.8%)
4.31M
est: 9.64M (-55.3%)
40.66M
est: 44.76M (-9.2%)
89.50M
est: 72.21M (+24.0%)
38.10M
est: 35.70M (+6.7%)
158.21M
est: 188.12M (-15.9%)
231.80M
223.77M – 239.83M
+23.2% YoY
232.76M
216.68M – 248.85M
+0.4% YoY
260.11M
251.10M – 269.12M
+11.7% YoY
201.32M
194.34M – 208.29M
-22.6% YoY
239.57M
231.27M – 247.87M
+19.0% YoY
EBITDA
-290.91M
est: -6.07M (-4,693.3%)
-130.84M
est: -5.22M (-2,406.8%)
-130.21M
est: -24.22M (-437.5%)
31.19M
est: -17.04M (+283.0%)
-2.08M
est: -8.42M (+75.3%)
83.23M
est: -44.40M (+287.5%)
-54.70M
-56.60M – -52.81M
-23.2% YoY
-54.93M
-58.73M – -51.14M
-0.4% YoY
-61.39M
-63.51M – -59.26M
-11.7% YoY
-47.51M
-49.16M – -45.86M
+22.6% YoY
-56.54M
-58.50M – -54.58M
-19.0% YoY
EBIT
-296.54M
est: -6.28M (-4,621.7%)
-137.65M
est: -5.40M (-2,448.5%)
-135.03M
est: -25.07M (-438.7%)
26.55M
est: -18.63M (+242.5%)
-3.70M
est: -9.21M (+59.9%)
80.70M
est: -48.54M (+266.2%)
-59.81M
-61.88M – -57.74M
-23.2% YoY
-60.06M
-64.21M – -55.91M
-0.4% YoY
-67.12M
-69.44M – -64.79M
-11.7% YoY
-51.95M
-53.75M – -50.15M
+22.6% YoY
-61.82M
-63.96M – -59.68M
-19.0% YoY
Net Income
-296.54M
est: -850.61M (+65.1%)
-137.88M
est: -124.77M (-10.5%)
-137.27M
est: -142.46M (+3.6%)
22.80M
2.78M
est: -5.69M (+148.8%)
91.47M
est: 57.33M (+59.5%)
72.21M
68.96M – 75.47M
+26.0% YoY
83.58M
54.59M – 94.37M
+15.7% YoY
98.57M
94.13M – 103.01M
+17.9% YoY
— – —
-100.0% YoY
— – —
SGA
46.29M
est: 14.25M (+224.9%)
10.33M
est: 12.26M (-15.8%)
10.08M
est: 56.88M (-82.3%)
20.56M
est: 46.95M (-56.2%)
7.55M
est: 23.21M (-67.5%)
28.30M
est: 122.33M (-76.9%)
150.72M
145.50M – 155.95M
+23.2% YoY
151.35M
140.89M – 161.81M
+0.4% YoY
169.14M
163.28M – 175.00M
+11.7% YoY
130.90M
126.37M – 135.44M
-22.6% YoY
155.78M
150.38M – 161.17M
+19.0% YoY
EPS
-1.69
est: -1.10 (-53.5%)
-0.19
est: -0.16 (-17.6%)
-0.19
est: -0.18 (-3.0%)
0.03
0.00
est: -0.01 (+151.3%)
0.12
est: 0.07 (+69.7%)
0.09
0.09 – 0.09
+26.0% YoY
0.09
0.07 – 0.12
+3.1% YoY
0.12
0.12 – 0.13
+32.3% YoY
— – —
-100.0% YoY
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-29 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-28 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-27 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-26 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-22 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-21 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-20 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-19 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-18 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-15 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-14 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-13 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-12 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-11 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-08 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-07 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-06 B 3/5 1/5 4/5 5/5 2/5 2/5 2/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 2/5 1/5 1/5
2026-04-30 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-29 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-28 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-27 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-24 B 3/5 1/5 4/5 5/5 2/5 3/5 2/5
2026-04-23 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-22 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-21 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-20 B- 3/5 1/5 4/5 5/5 1/5 2/5 2/5
2026-04-17 B 3/5 1/5 4/5 5/5 1/5 2/5 3/5
2026-04-16 B 3/5 1/5 4/5 5/5 1/5 2/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
35.08M
OE per share TTM
0.05
Owner's Yield
0.36%
Maintenance CapEx ratio
5.71%
Maint CapEx / Avg PPE
21.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 70 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree China ex-State-Owned Enterprises Fund CXSE 0.11% 564.1K 0.32%
2 iShares Healthcare Innovation UCITS ETF HEAL.L 0.11% 1.20M 0.40%
3 iShares International Small-Cap Equity Factor ETF ISCF 0.10% 646.3K 0.24%
4 iShares Ageing Population UCITS ETF AGED.L 0.08% 722.0K 0.40%
5 iShares MSCI AC Far East ex-Japan Small Cap UCITS ETF ISFE.L 0.08% 55.0K 0.74%
6 Goldman Sachs Innovate Equity ETF GINN 0.07% 157.6K 0.50%
7 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.07% 474.9K 0.65%
8 Avantis Emerging Markets Small Cap Equity ETF AVEE 0.06% 67.2K 0.42%
9 State Street SPDR S&P China ETF GXC 0.05% 207.5K 0.59%
10 Schwab International Small-Cap Equity ETF SCHC 0.04% 2.07M 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
441.0K
Shares Outstanding
841.25M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jingsong Wang Founder, Chairman & Chief Executive Officer 9M
Yiping Rong Chief Scientific Officer & Executive Director 3M
Ian Y. Liu Senior Vice President & Global Head of Legal and Joint Company Secretary
Michael D. Patten Chief Strategy Officer & Head of Global Alliance male
Peter F. Moesta Member of Scientific Advisory Board & Chief CMC Advisor
Raymond S. Zheng Chief Business Officer
Steve Arkinstall DPhil Chief Scientific Advisor
Xiaolu Tao Chief Development Officer
Ben Chih Chief Scientific Officer of Neurosciences - Harbour BioMed US
Youchen Chen Vice President, Chief Financial Officer & Investor Relations male
C. Adam Zong President
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits