DB:6NO

Stock Analysis Report

Executive Summary

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and enterprises in the People's Republic of China.

Snowflake

Fundamentals

Flawless balance sheet and undervalued.

Risks

  • Noah Holdings has significant price volatility in the past 3 months.

Similar Companies

Share Price & News

How has Noah Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.6%

DB:6NO

-0.04%

DE Capital Markets

-0.7%

DE Market


1 Year Return

-32.4%

DB:6NO

-9.6%

DE Capital Markets

-10.8%

DE Market

6NO underperformed the Capital Markets industry which returned -8.5% over the past year.

6NO underperformed the Market in Germany which returned -10% over the past year.


Share holder returns

6NOIndustryMarket
7 Day2.6%-0.04%-0.7%
30 Day-12.2%-4.4%-3.9%
90 Day-26.6%-0.3%-4.3%
1 Year-32.4%-32.4%-7.5%-9.6%-8.0%-10.8%
3 Year12.9%12.9%7.0%-5.2%9.8%0.3%
5 Year138.2%138.2%-29.3%-40.3%24.0%6.8%

Price Volatility Vs. Market

How volatile is Noah Holdings's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Noah Holdings undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Noah Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).

Noah Holdings's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Noah Holdings is good value based on earnings compared to the DE Capital Markets industry average.

Noah Holdings is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Noah Holdings is good value based on expected growth next year.


Price Based on Value of Assets

Noah Holdings is overvalued based on assets compared to the DE Capital Markets industry average.


Next Steps

Future Growth

How is Noah Holdings expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

20.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Noah Holdings's revenue is expected to grow by 13% yearly, however this is not considered high growth (20% yearly).

Noah Holdings's earnings are expected to grow significantly at over 20% yearly.

Noah Holdings's revenue growth is expected to exceed the Germany market average.

Noah Holdings's earnings growth is expected to exceed the Germany market average.

Noah Holdings's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Noah Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Noah Holdings performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Noah Holdings's year on year earnings growth rate has been positive over the past 5 years.

Noah Holdings's 1-year earnings growth is less than its 5-year average (1.6% vs 15.2%)

Noah Holdings's earnings growth has not exceeded the DE Capital Markets industry average in the past year (1.6% vs 3.4%).


Return on Equity

Noah Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Noah Holdings used its assets more efficiently than the DE Capital Markets industry average last year based on Return on Assets.


Return on Capital Employed

Noah Holdings's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Noah Holdings's financial position?


Financial Position Analysis

Noah Holdings is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Noah Holdings's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Noah Holdings has no debt.

Noah Holdings has no debt compared to 5 years ago when it was 3.2%.

Noah Holdings has no debt, it does not need to be covered by operating cash flow.

Noah Holdings has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Noah Holdings has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Noah Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Noah Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Noah Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Noah Holdings has not reported any payouts.

Unable to verify if Noah Holdings's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Noah Holdings has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Noah Holdings's dividends in 3 years as they are not expected to pay a notable one for Germany.


Next Steps

Management

What is the CEO of Noah Holdings's salary, the management and board of directors tenure and is there insider trading?

2.6yrs

Average management tenure


CEO

Jingbo Wang (47yo)

14.6yrs

Tenure

0

Ms. Jingbo Wang Co-Founded Noah Holdings Limited since 2005 and has been Chairman of the Board of Directors and Chief Executive Officer of Noah Holdings Limited (the “Company”) since its inception in 200 ...


Management Age and Tenure

2.6yrs

Average Tenure

46yo

Average Age

The tenure for the Noah Holdings management team is about average.


Board Age and Tenure

8.8yrs

Average Tenure

52yo

Average Age

The tenure for the Noah Holdings board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Boquan He (59yo)

    Co-Founder & Independent Director

    • Tenure: 12.0yrs
  • Jingbo Wang (47yo)

    Co-Founder

    • Tenure: 14.6yrs
  • Zhe Yin (45yo)

    Co-Founder & Director

    • Tenure: 14.6yrs
  • Chia-Yue Chang (59yo)

    Executive Director

    • Tenure: 12.0yrs
  • Shang Yan Chuang (37yo)

    Chief Financial Officer

    • Tenure: 2.9yrs
  • Steve Zeng

    Investor Relation Contact

    • Tenure: 0.0yrs
  • Yang Gao (40yo)

    Chief Operating Officer

    • Tenure: 1.0yrs
  • Chun Xia

    Chief Research Officer

    • Tenure: 1.6yrs
  • Li Shen

    Chief Legal Officer

    • Tenure: 2.6yrs
  • Yi Zhao (46yo)

    Group President

    • Tenure: 0.4yrs

Board Members

  • Tze-Kaing Yang (64yo)

    Independent Director

    • Tenure: 4.3yrs
  • Neil Shen (52yo)

    Director

    • Tenure: 3.6yrs
  • Zhiwu Chen (57yo)

    Independent Director

    • Tenure: 5.6yrs
  • May Yihong Wu (52yo)

    Independent Director

    • Tenure: 8.8yrs
  • Michael Yao (43yo)

    Independent Director

    • Tenure: 4.8yrs
  • Boquan He (59yo)

    Co-Founder & Independent Director

    • Tenure: 12.0yrs
  • Jingbo Wang (47yo)

    Co-Founder

    • Tenure: 14.6yrs
  • Zhe Yin (45yo)

    Co-Founder & Director

    • Tenure: 14.6yrs
  • Chia-Yue Chang (59yo)

    Executive Director

    • Tenure: 12.0yrs

Company Information

Noah Holdings Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Noah Holdings Limited
  • Ticker: 6NO
  • Exchange: DB
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$1.781b
  • Listing Market Cap: US$1.606b
  • Shares outstanding: 60.43m
  • Website: https://www.noahgroup.com

Number of Employees


Location

  • Noah Holdings Limited
  • Building 2
  • No. 1687 Changyang Road
  • Shanghai
  • 200090
  • China

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
NOAHNYSE (New York Stock Exchange)YesADR EA REPR 0.5 CL A ORD SHSUSUSDNov 2010
6NODB (Deutsche Boerse AG)YesADR EA REPR 0.5 CL A ORD SHSDEEURNov 2010

Biography

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with focus on wealth investment and asset allocation services for high net worth individuals and  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 21:47
End of Day Share Price2019/08/20 00:00
Earnings2019/03/31
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.