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Market Cap

US$2.6b

Last Updated

2021/05/18 00:04 UTC

Data Sources

Company Financials +

Executive Summary

Noah Holdings Limited, through its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and enterprises in Mainland of China, Hong Kong, and internationally. More Details

Rewards

Trading at 42.4% below our estimate of its fair value

Earnings are forecast to grow 45.98% per year

Risk Analysis

No risks detected for NOAH from our risk checks.


Snowflake Analysis

Flawless balance sheet with reasonable growth potential.


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

Stable Share Price: NOAH is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: NOAH's weekly volatility (5%) has been stable over the past year.


Market Performance


7 Day Return

0.7%

NOAH

-0.8%

US Capital Markets

-0.6%

US Market


1 Year Return

59.6%

NOAH

65.7%

US Capital Markets

46.0%

US Market

Return vs Industry: NOAH underperformed the US Capital Markets industry which returned 71.7% over the past year.

Return vs Market: NOAH exceeded the US Market which returned 50.8% over the past year.


Shareholder returns

NOAHIndustryMarket
7 Day0.7%-0.8%-0.6%
30 Day5.4%3.0%-1.8%
90 Day-13.9%9.0%0.2%
1 Year59.6%59.6%69.4%65.7%48.4%46.0%
3 Year-35.4%-35.4%58.9%47.5%60.5%50.4%
5 Year95.2%95.2%167.4%135.1%125.9%100.9%

Long-Term 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

Valuation

Is Noah Holdings undervalued compared to its fair value and its price relative to the market?

42.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: NOAH ($43.45) is trading below our estimate of fair value ($75.37)

Significantly Below Fair Value: NOAH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: NOAH is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.

PE vs Market: NOAH is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate NOAH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: NOAH is good value based on its PB Ratio (2.6x) compared to the US Capital Markets industry average (67.9x).


Future Growth

How is Noah Holdings forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

46.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: NOAH is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: NOAH is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: NOAH's is expected to become profitable in the next 3 years.

Revenue vs Market: NOAH's revenue (16.5% per year) is forecast to grow faster than the US market (9% per year).

High Growth Revenue: NOAH's revenue (16.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: NOAH's Return on Equity is forecast to be low in 3 years time (17.5%).


Past Performance

How has Noah Holdings performed over the past 5 years?

-11.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: NOAH is currently unprofitable.

Growing Profit Margin: NOAH is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: NOAH is unprofitable, and losses have increased over the past 5 years at a rate of 11.9% per year.

Accelerating Growth: Unable to compare NOAH's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: NOAH is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (34.3%).


Return on Equity

High ROE: NOAH has a negative Return on Equity (-7.41%), as it is currently unprofitable.


Financial Health

How is Noah Holdings's financial position?


Financial Position Analysis

Short Term Liabilities: NOAH's short term assets (CN¥6.8B) exceed its short term liabilities (CN¥2.2B).

Long Term Liabilities: NOAH's short term assets (CN¥6.8B) exceed its long term liabilities (CN¥227.3M).


Debt to Equity History and Analysis

Debt Level: NOAH is debt free.

Reducing Debt: NOAH has no debt compared to 5 years ago when its debt to equity ratio was 18.8%.

Debt Coverage: NOAH has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: NOAH has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate NOAH's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate NOAH's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if NOAH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if NOAH's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: NOAH is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of NOAH's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.5yrs

Average management tenure


CEO

Jingbo Wang (48 yo)

16.33yrs

Tenure

Ms. Jingbo Wang co-founded Noah Holdings Limited since 2005 and has been Chairman of the Board of Directors and Chief Executive Officer at Noah Holdings Limited since its inception in 2005. She serves as C...


Leadership Team

Experienced Management: NOAH's management team is considered experienced (3.5 years average tenure).


Board Members

Experienced Board: NOAH's board of directors are seasoned and experienced ( 10.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

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


Key Information

  • Name: Noah Holdings Limited
  • Ticker: NOAH
  • Exchange: NYSE
  • Founded: 2005
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$2.590b
  • Shares outstanding: 59.94m
  • Website: https://www.noahgroup.com

Number of Employees


Location

  • Noah Holdings Limited
  • Building 2
  • 1687 Changyang Road
  • Shanghai
  • 200090
  • China

Listings


Biography

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


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/18 00:04
End of Day Share Price2021/05/17 00:00
Earnings2021/03/31
Annual Earnings2020/12/31


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.