Noah Holdings Limited (NOAH) is a publicly traded company in the Financial Services — Asset Management industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Noah Holdings Limited, a financial services entity established in 2005 and headquartered in Shanghai, People's Republic of China, specializes in providing comprehensive wealth and asset management solutions. The company primarily caters to high-net-worth individuals and corporate clients, offering expertise in investment and asset allocation across Mainland China, Hong Kong, and international markets.
Analysis Summary
Noah Holdings Limited reported revenue of $2.61B in the most recent fiscal year, growing at a 5-year CAGR of -4.6%.
Trailing-twelve-month margins: gross margin 80.4%, operating margin 33.6%, net margin 22.6%. Free cash flow grew at 2.5% CAGR over 5 years.
At the current price of $8.02, NOAH trades at a P/E of 1.24 and an ROE of 6.03%. Market capitalisation stands at $535M.
Balance sheet quality for NOAH: current ratio of 4.5, net cash position of $4.92B. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is strong: free cash flow of $842.5M represents 151% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Price
| Price | $8.02 |
| Market Cap | $535M |
| Exchange | NYSE |
| Country | SG |
Valuation Ratios
| P/E Ratio | 1.24 |
| Price / Book | 0.08 |
| EV / EBITDA | -0.75 |
| Dividend Yield | 16.51% |
Profitability
| Return on Equity | 6.03% |
| Return on Invested Capital | 5.72% |
| Return on Assets | 5.05% |
| Gross Margin | 80.40% |
| Operating Margin | 33.61% |
| Net Margin | 22.57% |
Financial Health
| Debt / Equity | 0.01 |
| Current Ratio | 3.40 |
What to look at in Financial Services
Asset managers, brokers, fintech, exchanges. They are not banks — look at AUM, fees and FCF quality.
- 5y revenue growth — Without growth, there is no long-term value creation
- Operating margin — Good asset managers have >30% margins thanks to scalability
- ROE — Quality financial services have a consistent ROE >15%
- FCF / Net Income — Earnings quality — >90% expected in capital-light businesses
- Debt / Equity — Fintech and brokers with high D/E are time bombs in crises
- P/E vs own 5y — Asset managers have stable multiples in well-known ranges
- Dividend yield + buybacks — These businesses return a lot of capital — look at total yield (div + buybacks)
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| NOAH | Noah Holdings Limited | $535M | 1.24 | 0.08 | 6.0% |
| 0QZZ.L | BlackRock, Inc. | $162.9B | 28.19 | 2.80 | 9.9% |
| BLK | BlackRock, Inc. | $160.8B | 24.32 | 2.78 | 11.7% |
| BX | Blackstone Inc. | $149.1B | 26.14 | 10.22 | 40.9% |
| BN.TO | Brookfield Corporation | $115.7B | 64.75 | 1.85 | 3.0% |
| BAM.TO | Brookfield Asset Management Ltd. | $100.9B | |||
| BNH | Brookfield Finance Inc. | $94.4B | 68.91 | 1.97 | 3.0% |
| BNJ | Brookfield Finance Inc. 4.50% P | $89.7B | 65.82 | 1.88 | 3.0% |
Price Performance
| 1 month | -7.71% |
| 3 months | -21.30% |
| Year-to-date | -20.12% |
| 1 year | -31.16% |
| 3 years | -35.63% |
| 5 years | -78.50% |
52-Week Range
| 52-week High | $12.45 |
| 52-week Low | $7.97 |
| Avg Volume (90d) | 95K |
Dividend History
| Date | Amount | Yield |
|---|---|---|
| 2026-07-09 | $1.3090 | 65.29% |
| 2025-07-03 | $1.1582 | 57.77% |
| 2024-07-03 | $2.1250 | 105.99% |
| 2023-06-26 | $0.3634 | 18.13% |
| 2013-03-18 | $0.1400 | 6.98% |
| 2012-03-28 | $0.1400 | 6.98% |
Related companies: BANX · CZWI · EMIS · FLD · INV · MRCC · OXSQ
Explore sector: Financial Services · Asset Management
More sections of NOAH: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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