Pharmaron Beijing Co., Ltd. Class H (HK:3759)
:3759
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Pharmaron Beijing Co., Ltd. Class H
(3759)
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Rating:68Neutral
Price Target:
HK$19.50
▼(-19.22% Downside)
Action:Reiterated
Date:04/30/26
The score is driven mainly by solid profitability and a healthier, low-leverage balance sheet, offset by weak and volatile free-cash-flow conversion. Technicals add moderate support with improving shorter-term momentum, while valuation is acceptable but not compelling and the dividend is modest.
Positive Factors
Low leverage / strong balance sheet
Low TTM debt-to-equity (~0.23) and growing shareholders' equity provide a durable financial buffer. This supports capital-intensive CDMO operations, funds strategic investments or capacity expansion without immediate refinancing risk, and improves resilience through industry cycles.
Negative Factors
Weak, volatile free cash flow
Low and volatile FCF relative to earnings (OCF-to-net-income ~0.39) limits financial flexibility for capex, debt reduction, or buybacks. Persistent volatility and past negative FCF years raise funding risk if growth or working-capital demands rise, pressuring long-term cash returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Low TTM debt-to-equity (~0.23) and growing shareholders' equity provide a durable financial buffer. This supports capital-intensive CDMO operations, funds strategic investments or capacity expansion without immediate refinancing risk, and improves resilience through industry cycles.
Read all positive factors
Pharmaron Beijing Co., Ltd. Class H (3759) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$51.05B
Dividend Yield1.04%
Average Volume (3M)3.76M
Price to Earnings (P/E)22.4
Beta (1Y)1.98
Revenue Growth16.83%
EPS Growth-8.65%
CountryHK
Employees21,370
SectorHealthcare
Sector Strength45
IndustryBiotechnology
Share Statistics
EPS (TTM)0.95
Shares Outstanding359,977,870
10 Day Avg. Volume3,469,725
30 Day Avg. Volume3,761,430
Financial Highlights & Ratios
PEG Ratio-2.69
Price to Book (P/B)2.06
Price to Sales (P/S)2.20
P/FCF Ratio56.17
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$28.75Price Target Upside19.09% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)1.27
Revenue Forecast (FY)HK$18.63B
Pharmaron Beijing Co., Ltd. Class H Business Overview & Revenue Model
Company Description
Pharmaron Beijing Co., Ltd. Class H (3759) is a leading contract research organization (CRO) offering a comprehensive range of R&D and manufacturing services to the pharmaceutical and biotechnology sectors. Founded in Beijing, China, Pharmaron pro...
How the Company Makes Money
Pharmaron makes money primarily by providing fee-for-service, contract-based R&D and manufacturing services to pharmaceutical and biotechnology clients. Key revenue streams typically include: (1) Laboratory research and discovery services (e.g., c...
Pharmaron Beijing Co., Ltd. Class H Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.43B | 14.10B | 12.28B | 11.54B | 10.27B | 7.44B |
| Gross Profit | 4.96B | 4.91B | 4.20B | 4.12B | 3.77B | 2.68B |
| EBITDA | 2.39B | 3.29B | 3.38B | 2.95B | 2.53B | 2.49B |
| Net Income | 1.69B | 1.66B | 1.79B | 1.60B | 1.37B | 1.66B |
Balance Sheet | ||||||
| Total Assets | 28.47B | 27.09B | 23.93B | 26.48B | 20.49B | 18.39B |
| Cash, Cash Equivalents and Short-Term Investments | 2.97B | 1.73B | 2.81B | 6.72B | 2.24B | 5.10B |
| Total Debt | 7.08B | 3.42B | 5.54B | 9.36B | 6.12B | 5.29B |
| Total Liabilities | 11.41B | 11.36B | 9.70B | 13.24B | 9.65B | 8.09B |
| Stockholders Equity | 16.40B | 15.06B | 13.62B | 12.56B | 10.55B | 10.13B |
Cash Flow | ||||||
| Free Cash Flow | 304.88M | 551.97M | 536.02M | -111.78M | -807.04M | -34.78M |
| Operating Cash Flow | 3.01B | 3.22B | 2.58B | 2.75B | 2.14B | 2.06B |
| Investing Cash Flow | -3.45B | -4.37B | -2.02B | -2.25B | -2.21B | -5.26B |
| Financing Cash Flow | 1.57B | 377.00M | -4.80B | 3.92B | -1.42B | 3.66B |
Pharmaron Beijing Co., Ltd. Class H Technical Analysis
Negative
24.14
Price Trends
19.81
Negative
20.44
Negative
22.02
Negative
Market Momentum
-0.57
Positive
36.53
Neutral
12.16
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:3759, the sentiment is Negative. The current price of 24.14 is above the 20-day moving average (MA) of 19.90, above the 50-day MA of 19.81, and above the 200-day MA of 22.02, indicating a bearish trend. The MACD of -0.57 indicates Positive momentum. The RSI at 36.53 is Neutral, neither overbought nor oversold. The STOCH value of 12.16 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:3759.
Pharmaron Beijing Co., Ltd. Class H Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | HK$47.97B | 23.82 | 6.34% | 1.57% | 18.78% | 12.65% | |
68 Neutral | HK$51.05B | 22.45 | 11.22% | 1.04% | 16.83% | -8.65% | |
62 Neutral | HK$28.49B | -6.49 | -12.75% | ― | ― | ― | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
50 Neutral | HK$39.90B | -256.36 | -10.78% | ― | 34.19% | 47.97% | |
47 Neutral | HK$16.24B | -9.51 | -24.29% | ― | 8.50% | 35.24% |
* Healthcare Sector Average
HK:3759
Pharmaron Beijing Co., Ltd. Class H
18.28
5.10
38.64%
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Genscript Biotech
13.09
1.33
11.31%
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14.35
-10.80
-42.94%
HK:1877
Shanghai Junshi Biosciences Co., Ltd. Class H
23.16
6.18
36.40%
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Simcere Pharmaceutical Group Limited
10.45
0.28
2.75%
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Asymchem Laboratories (Tianjin) Co., Ltd. Class H
92.40
28.30
44.15%
Pharmaron Beijing Co., Ltd. Class H Corporate Events
Pharmaron Beijing Reshapes Board Structure Ahead of Fourth Session
Apr 28, 2026
Pharmaron Beijing has proposed a new eight-member fourth-session board structure, reducing the number of directors from nine to eight to improve decision-making efficiency and corporate governance. The slate includes three executive directors, one...
Pharmaron Beijing Issues Unaudited First-Quarter 2026 Report Under Hong Kong Rules
Apr 28, 2026
Pharmaron Beijing Co., Ltd. has released its unaudited first quarterly report for 2026, prepared primarily under PRC Accounting Standards, with certain sections aligned to International Financial Reporting Standards. The disclosure, made in accord...
Pharmaron Beijing Sets Board Meeting to Approve First-Quarter 2026 Results
Apr 14, 2026
Pharmaron Beijing Co., Ltd. has scheduled a meeting of its board of directors for April 28, 2026, to review and approve the first quarterly results for the three months ended March 31, 2026. The board will also consider the formal publication of t...
Pharmaron Lifts Revenue and Cash Flow in 2025 Despite Profit Dip
Mar 30, 2026
Pharmaron Beijing Co., Ltd. reported 2025 revenue of RMB14.10 billion, up 14.8% year on year, driven by continued expansion of its contract research and manufacturing services for global pharmaceutical clients. Despite higher administrative and RD...
Pharmaron Beijing Plans 2025 Final Cash Dividend Payout
Mar 30, 2026
Pharmaron Beijing Co., Ltd. has proposed a final ordinary cash dividend of RMB 2 per 10 shares for the financial year ended 31 December 2025, with the Hong Kong dollar equivalent, key dates, and applicable withholding tax details to be announced. ...
Pharmaron Beijing Revamps Governance Roles and Formalizes Registered Capital Increase
Mar 30, 2026
Pharmaron Beijing announced a management reshuffle, with company secretary and authorised representative Mr. Yim Lok Kwan resigning effective March 30, 2026, and experienced governance professional Ms. Mak Po Man Cherie stepping in as company secr...
Pharmaron Schedules Board Meeting to Review 2025 Results and Potential Dividend
Mar 16, 2026
Pharmaron Beijing Co., Ltd. has scheduled a board meeting for March 30, 2026 to review and approve the annual results for the financial year ended December 31, 2025. The board will also consider whether to recommend a final dividend, a decision th...
Pharmaron Says New Manufacturing Deal Is Within Ordinary Course of Business
Mar 12, 2026
Pharmaron Beijing Co., Ltd. has confirmed that its recently reported manufacturing collaboration with the Chinese subsidiary of a leading global pharmaceutical company is a normal commercial arrangement conducted in the ordinary and usual course o...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.