Noah Holdings Limited

NYSE:NOAH Stock Report

Market Cap: US$674.3m

Noah Holdings Management

Management criteria checks 4/4

Noah Holdings' CEO is Zhe Yin, appointed in Jan 2005, has a tenure of 21.42 years. total yearly compensation is CN¥3.56M, comprised of 64.9% salary and 35.1% bonuses, including company stock and options. directly owns 5.13% of the company’s shares, worth $34.60M. The average tenure of the management team and the board of directors is 21.4 years and 17.2 years respectively.

Key information

Zhe Yin

Chief executive officer

CN¥3.6m

Total compensation

CEO salary percentage64.90%
CEO tenure21.4yrs
CEO ownership5.1%
Management average tenure21.4yrs
Board average tenure17.2yrs

Recent management updates

Recent updates

Narrative Update • Jun 18

NOAH: Higher Margins And Capital Returns May Unlock Deep Value Potential

The analyst price target on Noah Holdings has moved from $12.00 to $11.50, reflecting updated assumptions on fair value, lower modeled revenue growth and P/E multiples, and slightly higher profit margin expectations, according to recent analyst research. Analyst Commentary Recent research on Noah Holdings points to a more cautious stance following the revised US$11.50 price target, with analysts rebalancing expectations around growth, profitability, and valuation multiples.
Narrative Update • Jun 03

NOAH: Dividends Buybacks And 2026 Execution Will Shape Balanced Risk Outlook

Analysts have trimmed their average price target for Noah Holdings to $11.50, reflecting slightly lower fair value assumptions, more conservative revenue growth expectations, and somewhat higher projected profit margins and future P/E levels. Analyst Commentary Street research around Noah Holdings has turned more cautious, with recent pricing and rating changes pointing to concerns about execution and the balance of risk around growth and profitability.
Narrative Update • May 20

NOAH: Dividends And Execution In 2026 Will Shape Future Risk Profile

Analysts trimmed their price target on Noah Holdings by a small amount to $11.20, citing a slightly lower discount rate as well as modest adjustments to revenue growth, profit margin and future P/E assumptions. Analyst Commentary Recent research on Noah Holdings highlights a more cautious tone around valuation and execution, even as the latest price target adjustment is relatively modest in absolute terms.
Seeking Alpha • May 12

Noah Holdings: A Deep Value Stock With Significant Upside

Summary Noah Holdings is poised to take advantage of China's growing upper class. With a dividend yield of 5.44% and a special dividend this year, NOAH is returning capital to shareholders. The company is a deep value play with a potential upside of 24.49%. Read the full article on Seeking Alpha
Narrative Update • May 02

NOAH: Dividends And 2026 Contract Execution Will Shape Future Risk Reward Profile

Analysts have maintained their price target on Noah Holdings at $11.20, reflecting a slightly higher discount rate and revenue growth assumptions, a marginally lower profit margin, and a modestly higher future P/E. Analyst Commentary Recent Street research on Noah Holdings highlights a mix of views, with some cautious commentary focusing on execution risk, growth visibility, and valuation.
Narrative Update • Apr 15

NOAH: Dividend Distributions And JPMorgan Downgrade Will Shape Future Upside Potential

Narrative Update on Noah Holdings Analysts trimmed their price target on Noah Holdings by a small amount to $11.20, reflecting modest tweaks to revenue growth, discount rate assumptions and expected future P/E, while keeping the underlying fair value view effectively unchanged. Analyst Commentary Recent Street research on Noah Holdings has included a downgrade at JPMorgan, which adds to a more cautious tone around the stock.
Narrative Update • Apr 01

NOAH: Revised Fair Value And JPMorgan Downgrade Will Shape Future Returns

Analysts have adjusted their price target on Noah Holdings to reflect a fair value estimate of $11.20. They cite slightly lower assumed revenue growth, a modestly higher profit margin, a small reduction in the discount rate, and an updated forward P/E multiple.
Narrative Update • Mar 18

NOAH: Higher Future P/E Assumptions May Unlock Deep Value Potential

Analysts have lifted their fair value estimate for Noah Holdings from $13.08 to about $14.17, citing updated assumptions for revenue growth, profit margins, discount rate and future P/E that align with a slightly more constructive outlook similar to recent Street research shifts in other names. Analyst Commentary Street research on another name in the broader market recently shows a split view on execution risk and valuation, which echoes the more balanced stance now being applied to Noah Holdings.
Narrative Update • Mar 04

NOAH: AI Wealth Summit And Digital Platform Will Support Future Upside

Analysts have made a small upward adjustment to their price target on Noah Holdings to $16.46 from $16.45, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the slight move in the price target to US$16.46 as a signal that their core assumptions on discount rates, revenue trends, profit margins, and future P/E remain intact, with room for further refinement as new data comes in.
Narrative Update • Feb 18

NOAH: AI Wealth Push And Compressed P/E Will Likely Pressure Returns

Analysts have adjusted their price targets on Noah Holdings to reflect updated assumptions for discount rates, revenue growth, profit margins and future P/E multiples. The latest change is framed around a revised fair value estimate that aims to better capture the stock’s risk and return profile in $ terms.
Narrative Update • Feb 04

NOAH: AI Wealth Push And Higher P/E Will Likely Prove Overhyped

Analysts have lifted their fair value estimate for Noah Holdings from US$9.50 to about US$10.11, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News Noah Holdings hosted its latest Black Diamond Summit in Macau from December 7-11, 2025, under the theme "AI Together, Co-Generating the Future." The event featured complementary sessions in Shanghai and attendance from over 3,000 clients and partners (Key Developments).
Narrative Update • Jan 20

NOAH: AI Wealth Infrastructure And Client Summit Will Support Future Upside Potential

Analysts have nudged their price target for Noah Holdings higher, reflecting a modest increase in fair value to about US$16.45 per share, supported by updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Noah Holdings hosted its latest Black Diamond Summit in Macau from December 7 to 11, 2025, with complementary sessions in Shanghai in November, bringing together over 3,000 clients and partners under the theme "AI Together, Co-Generating the Future." (Key Developments) At the Summit, the company introduced "Noya," an AI Relationship Manager available through upgraded iARK Hong Kong and Singapore apps, intended to combine human advisor oversight with AI tools across areas such as real-time insights, personalized wealth journeys, information transparency, cross-regional coordination, and end-to-end execution.
Narrative Update • Jan 06

NOAH: AI Wealth Push And Higher P/E Will Likely Prove Overhyped

Analysts have raised their implied fair value estimate for Noah Holdings from approximately US$6.84 to about US$9.50 per share, citing updated assumptions related to revenue growth, profit margins and future P/E levels. What's in the News Noah Holdings hosted its latest Black Diamond Summit in Macau on December 7-11, 2025, under the theme "AI Together, Co-Generating the Future," with related sessions in Shanghai attracting over 3,000 clients and partners (Key Developments).
Narrative Update • Dec 14

NOAH AI Wealth Platform Will Drive Stronger Long-Term Client Engagement

Analysts have nudged their price target for Noah Holdings modestly higher to approximately $16.19 per share from about $15.99, citing slightly stronger projected revenue growth that more than offsets a small downgrade to long term profit margins and a higher assumed valuation multiple. What's in the News Noah Holdings hosted its latest Black Diamond Summit in Macau and Shanghai, gathering over 3,000 clients and partners under the theme "AI Together, Co-Generating the Future" (Key Developments).
Narrative Update • Aug 30

Domestic Restructuring And International Expansion Will Improve Operational Efficiency

Despite a decline in expected revenue growth, a sharp reduction in the Future P/E multiple has driven the consensus analyst price target for Noah Holdings higher, from $12.18 to $12.91. What's in the News Board meeting scheduled to review unaudited Q2 and H1 2025 financial results.
Analysis Article • Jun 16

Noah Holdings (NYSE:NOAH) Will Pay A Smaller Dividend Than Last Year

Noah Holdings Limited ( NYSE:NOAH ) has announced that on 1st of August, it will be paying a dividend ofCN¥1.14, which...
Analysis Article • Jun 11

Noah Holdings Limited's (NYSE:NOAH) Share Price Boosted 25% But Its Business Prospects Need A Lift Too

Noah Holdings Limited ( NYSE:NOAH ) shareholders would be excited to see that the share price has had a great month...
Seeking Alpha • Apr 22

Noah: Not Quite The Bargain It May Appear To Be At First

Summary Long NOAH looks enticing in some ways, especially after the drop in the stock in combination with low multiples. NOAH faces a number of headwinds, which includes earnings that continue to go down and which looks difficult to fix in the short term. NOAH wants to lessen its reliance on China, but the recently released FY2024 report does not give much ground for optimism. If NOAH wants to reverse its fortunes, it needs earnings growth to return, which is not easy to do in the current global environment. Read the full article on Seeking Alpha
Analysis Article • Apr 09

Slammed 28% Noah Holdings Limited (NYSE:NOAH) Screens Well Here But There Might Be A Catch

The Noah Holdings Limited ( NYSE:NOAH ) share price has fared very poorly over the last month, falling by a substantial...
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New Narrative • Mar 18

Launch Of Ark Private Wealth And Olive Asset Management Will Diversify Global Services

International expansion into key markets and digital transformation are expected to drive revenue growth and better serve global client needs.
Analysis Article • Feb 14

Sentiment Still Eluding Noah Holdings Limited (NYSE:NOAH)

With a price-to-earnings (or "P/E") ratio of 9.7x Noah Holdings Limited ( NYSE:NOAH ) may be sending bullish signals at...
Seeking Alpha • Feb 05

Noah: Big Data, $21 Billion Under Management, And A Clear Buy

Summary Noah Holdings Limited, with $21.4 billion under management, shows consistent free cash flow and net income growth, making it a strong buy at the current valuation. Investments in big data, proprietary platforms, and automated systems enhance commission revenues and investment efficiency, driving further revenue growth. Geographic expansion in China and a robust CRM platform are expected to multiply future revenue growth and improve client relationship management. Despite potential regulatory and currency risks, NOAH's profitability, asset growth, and book value increases make it comparable to large U.S. and European asset managers. Read the full article on Seeking Alpha
Analysis Article • Sep 26

Even With A 30% Surge, Cautious Investors Are Not Rewarding Noah Holdings Limited's (NYSE:NOAH) Performance Completely

Noah Holdings Limited ( NYSE:NOAH ) shares have had a really impressive month, gaining 30% after a shaky period...
Analysis Article • Sep 01

Noah Holdings Limited (NYSE:NOAH) Just Reported, And Analysts Assigned A US$14.26 Price Target

It's been a good week for Noah Holdings Limited ( NYSE:NOAH ) shareholders, because the company has just released its...
Seeking Alpha • Aug 30

Noah Holdings: Q2 Results Miss And New Buyback Plan Draw Attention

Summary NOAH's latest Q2 2024 results were a disappointment, as the company's latest quarterly revenue and earnings missed expectations and dropped significantly on a YoY basis. On the flip side, Noah Holdings announced a new $50 million buyback program that might enhance the stock's future shareholder yield. I continue to have a Neutral view of NOAH following my evaluation of the company's negative financial performance and positive shareholder capital return outlook. Read the full article on Seeking Alpha
Analysis Article • Jun 05

Noah Holdings Limited (NYSE:NOAH) Stock's 25% Dive Might Signal An Opportunity But It Requires Some Scrutiny

Noah Holdings Limited ( NYSE:NOAH ) shareholders won't be pleased to see that the share price has had a very rough...
Seeking Alpha • May 30

Noah Holdings: Strategic Pivot Is Still A Work-In-Progress (Rating Downgrade)

Summary Both Noah Holdings' Q1 2024 top line and bottom line accounted for under 25% of the analysts' consensus forecasts, so its first quarter results failed to meet the market's expectations. Noah Holdings' comments at the recent quarterly earnings call seem to indicate that it will be a while before the company's international markets can achieve their full growth potential. I downgrade my rating for NOAH stock to a Hold, considering that the company is still in the process of pivoting towards overseas markets. Read the full article on Seeking Alpha
Analysis Article • Apr 14

Noah Holdings Limited (NYSE:NOAH) Held Back By Insufficient Growth Even After Shares Climb 27%

Noah Holdings Limited ( NYSE:NOAH ) shares have had a really impressive month, gaining 27% after a shaky period...
Seeking Alpha • Mar 15

Noah Holdings: Building Wealth Through A Growing Client Base

Summary Noah Holdings is undervalued, with a sticky client base and consistent earnings power. The company serves China's high net worth population, with a large total addressable market. Attractive capital returns from share buybacks and dividends reward investors for waiting. Shares are a buy with a price target of $20. Read the full article on Seeking Alpha
Seeking Alpha • Dec 09

Noah Holdings: Watch New Capital Return Framework And Insurance Products

Summary NOAH has decided to raise its minimum dividend payout ratio from 10% earlier to 35% going forward. Noah Holdings' insurance fee income derived from its international insurance business operations grew by +381.8% YoY in the first nine months of this year. I make no changes to my existing Buy rating for NOAH, as I like its new shareholder capital return policy and I have a favorable opinion of insurance product demand. Read the full article on Seeking Alpha
Seeking Alpha • Sep 29

Noah Holdings: Consider Overseas Expansion And Financial Strength

Summary NOAH aims to grow its number of relationship managers in Hong Kong and Singapore to 120 by the end of the current year to support its overseas expansion efforts. NOAH's credit ratios are reasonably healthy, and this means that the company has the financial capacity to increase its future dividend distributions. I stick to my existing Buy investment rating for Noah Holdings, as I have a positive view of its overseas expansion plans and strong financial position. Read the full article on Seeking Alpha
Seeking Alpha • Jul 14

Staying Bullish On Noah Holdings

Summary NOAH's 2023 financial prospects are healthy, taking into account expectations of double-digit revenue growth and net margin expansion. Specifically, Noah Holdings' Hong Kong office has witnessed a growing interest in its insurance product offerings from Mainland Chinese customers. My Buy rating for NOAH remains intact, as the stock's depressed valuations don't do justice to its favorable near-term outlook. Read the full article on Seeking Alpha

CEO Compensation Analysis

How has Zhe Yin's remuneration changed compared to Noah Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Mar 31 2026n/an/a

CN¥535m

Dec 31 2025CN¥4mCN¥2m

CN¥559m

Sep 30 2025n/an/a

CN¥656m

Jun 30 2025n/an/a

CN¥572m

Mar 31 2025n/an/a

CN¥493m

Dec 31 2024CN¥5mCN¥2m

CN¥475m

Sep 30 2024n/an/a

CN¥582m

Jun 30 2024n/an/a

CN¥681m

Mar 31 2024n/an/a

CN¥897m

Dec 31 2023CN¥4mCN¥2m

CN¥1b

Sep 30 2023n/an/a

CN¥933m

Jun 30 2023n/an/a

CN¥882m

Mar 31 2023n/an/a

CN¥916m

Dec 31 2022CN¥4mCN¥2m

CN¥977m

Sep 30 2022n/an/a

CN¥1b

Jun 30 2022n/an/a

CN¥1b

Mar 31 2022n/an/a

CN¥1b

Dec 31 2021CN¥9mCN¥2m

CN¥1b

Compensation vs Market: Zhe's total compensation ($USD522.29K) is below average for companies of similar size in the US market ($USD3.64M).

Compensation vs Earnings: Zhe's compensation has been consistent with company performance over the past year.

CEO

Zhe Yin (52 yo)

21.4yrs
Tenure
CN¥3,556,000
Compensation

Mr. Zhe Yin is Co-Founder of Noah Holdings Private Wealth and Asset Management Limited and serves as its Director since June 29, 2007. He serves as Chief Executive officer of Noah Holdings Private Wealth a...

Leadership Team

NamePositionTenureCompensationOwnership
Jingbo Wang
Co-Founder & Chairwoman21.4yrsCN¥3.06m20.5%
$ 138.2m
Zhe Yin
Co-Founder21.4yrsCN¥3.56m5.13%
$ 34.6m
Qing Pan
CFO & Joint Company Secretary6.6yrsno data0.28%
$ 1.9m
Sonia Han
Investor Relations Contactno datano datano data
Weiguo Wu
CEO of Global Wealth Management & CSOno datano datano data
Hong Li
Chief Digital Officerno datano datano data
Wing Shan Ng
Joint Company Secretaryno datano datano data
Melo Xi
Director of Investor Relationsno datano datano data
21.4yrs
Average Tenure
52yo
Average Age

Experienced Management: NOAH's management team is seasoned and experienced (21.4 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Jingbo Wang
Co-Founder & Chairwoman21.4yrsCN¥3.06m20.5%
$ 138.2m
Zhe Yin
Co-Founder21.4yrsCN¥3.56m5.13%
$ 34.6m
Tong Zhang
Independent Non Executive Director2yrsCN¥455.00kno data
Yihong Wu
Independent Director15.6yrsCN¥455.00k0.054%
$ 362.0k
Jinhong Meng
Independent Director2.8yrsCN¥591.00kno data
Boquan He
Independent Non-Executive Director18.8yrsno data4.89%
$ 33.0m
Chia-Yue Chang
Non-Executive Director18.8yrsCN¥555.00k6.04%
$ 40.7m
Xiangrong Li
Independent Director2yrsCN¥545.00kno data
17.2yrs
Average Tenure
57.5yo
Average Age

Experienced Board: NOAH's board of directors are seasoned and experienced ( 17.2 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/24 06:51
End of Day Share Price 2026/06/24 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Noah Holdings Limited is covered by 9 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
You FanChina International Capital Corporation Limited
Sin Hang LeungCitigroup Inc
Judy ZhangCitigroup Inc