(NOAH) Noah Holdings - Ratings and Ratios
Exchange: NYSE •
Country: China •
Currency: USD •
Type: Common Stock •
ISIN: US65487X1028
Mutual Funds, Private Equity, Real Estate, Insurance, Trust Services
Dividends
| Dividend Yield | 11.02% |
| Yield on Cost 5y | 4.92% |
| Yield CAGR 5y | 431.25% |
| Payout Consistency | 25.0% |
| Payout Ratio | 35.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 48.3% |
| Value at Risk 5%th | 72.5% |
| Relative Tail Risk | -8.74% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.06 |
| Alpha | -23.01 |
| CAGR/Max DD | -0.04 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.619 |
| Beta | 0.869 |
| Beta Downside | 1.006 |
| Drawdowns 3y | |
|---|---|
| Max DD | 56.02% |
| Mean DD | 31.51% |
| Median DD | 31.29% |
Description: NOAH Noah Holdings December 01, 2025
Noah Holdings Ltd (NYSE:NOAH) is a Shanghai-based wealth and asset management firm that serves high-net-worth individuals and corporate clients across Mainland China, Hong Kong, and overseas. The company operates through three segments-Wealth Management, Asset Management, and Other Services-offering a mix of domestic and international mutual funds, private-equity and real-estate products, customized financial advisory, trust and insurance brokerage, as well as lending solutions.
As of FY 2023, Noah reported roughly RMB 1.2 trillion in assets under management, reflecting a 15% year-over-year increase driven by rising demand for offshore investment vehicles among Chinese affluent families. The firm’s revenue grew 12% YoY to CNY 6.4 billion, with a net profit margin near 18%, benefitting from higher fee income and tighter credit spreads. Key sector drivers include the rapid expansion of China’s high-net-worth population (projected to exceed 10 million by 2027) and ongoing regulatory reforms that favor transparent, fee-based wealth management models.
For a more data-rich perspective on NOAH’s valuation and risk profile, you may find ValueRay’s analytical tools worth exploring.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income (571.7m TTM) > 0 and > 6% of Revenue (6% = 154.8m TTM) |
| FCFTA 0.03 (>2.0%) and ΔFCFTA 2.13pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 194.4% (prev 170.3%; Δ 24.10pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.03 (>3.0%) and CFO 387.3m <= Net Income 571.7m (YES >=105%, WARN >=100%) |
| Net Debt (-3.75b) to EBITDA (587.8m) ratio: -6.38 <= 3.0 (WARN <= 3.5) |
| Current Ratio 3.85 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (14.0m) change vs 12m ago -0.51% (target <= -2.0% for YES) |
| Gross Margin 57.92% (prev 64.23%; Δ -6.31pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 21.31% (prev 22.58%; Δ -1.27pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio -5.96 (EBITDA TTM 587.8m / Interest Expense TTM -121.7m) >= 6 (WARN >= 3) |
Altman Z'' 7.91
| (A) 0.43 = (Total Current Assets 6.78b - Total Current Liabilities 1.76b) / Total Assets 11.74b |
| (B) 0.50 = Retained Earnings (Balance) 5.90b / Total Assets 11.74b |
| (C) 0.06 = EBIT TTM 725.4m / Avg Total Assets 12.11b |
| (D) 2.92 = Book Value of Equity 6.09b / Total Liabilities 2.08b |
| Total Rating: 7.91 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 49.96
| 1. Piotroski 4.0pt |
| 2. FCF Yield 163.2% |
| 3. FCF Margin 11.83% |
| 4. Debt/Equity 0.01 |
| 5. Debt/Ebitda -6.38 |
| 6. ROIC - WACC (= -3.98)% |
| 7. RoE 5.82% |
| 8. Rev. Trend -73.85% |
| 9. EPS Trend -39.24% |
What is the price of NOAH shares?
As of December 07, 2025, the stock is trading at USD 10.51 with a total of 59,522 shares traded.
Over the past week, the price has changed by +3.44%, over one month by -5.91%, over three months by -12.71% and over the past year by -7.03%.
Over the past week, the price has changed by +3.44%, over one month by -5.91%, over three months by -12.71% and over the past year by -7.03%.
Is NOAH a buy, sell or hold?
Noah Holdings has received a consensus analysts rating of 3.60.
Therefor, it is recommend to hold NOAH.
- Strong Buy: 2
- Buy: 1
- Hold: 1
- Sell: 0
- Strong Sell: 1
What are the forecasts/targets for the NOAH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 13.7 | 30% |
| Analysts Target Price | 13.7 | 30% |
| ValueRay Target Price | 16.5 | 56.5% |
NOAH Fundamental Data Overview November 30, 2025
Market Cap CNY = 5.54b (783.9m USD * 7.0696 USD.CNY)
P/E Trailing = 9.7105
P/S = 0.3007
P/B = 0.5093
Beta = 0.831
Revenue TTM = 2.58b CNY
EBIT TTM = 725.4m CNY
EBITDA TTM = 587.8m CNY
Long Term Debt = 69.6m CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 60.3m CNY (from shortTermDebt, last fiscal year)
Debt = 69.6m CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.75b CNY (from netDebt column, last quarter)
Enterprise Value = 187.0m CNY (5.54b + Debt 69.6m - CCE 5.42b)
Interest Coverage Ratio = -5.96 (Ebit TTM 725.4m / Interest Expense TTM -121.7m)
FCF Yield = 163.2% (FCF TTM 305.2m / Enterprise Value 187.0m)
FCF Margin = 11.83% (FCF TTM 305.2m / Revenue TTM 2.58b)
Net Margin = 22.16% (Net Income TTM 571.7m / Revenue TTM 2.58b)
Gross Margin = 57.92% ((Revenue TTM 2.58b - Cost of Revenue TTM 1.09b) / Revenue TTM)
Gross Margin QoQ = 52.46% (prev 80.06%)
Tobins Q-Ratio = 0.02 (Enterprise Value 187.0m / Total Assets 11.74b)
Interest Expense / Debt = 27.73% (Interest Expense 19.3m / Debt 69.6m)
Taxrate = 26.29% (63.7m / 242.2m)
NOPAT = 534.7m (EBIT 725.4m * (1 - 26.29%))
Current Ratio = 3.85 (Total Current Assets 6.78b / Total Current Liabilities 1.76b)
Debt / Equity = 0.01 (Debt 69.6m / totalStockholderEquity, last quarter 9.59b)
Debt / EBITDA = -6.38 (Net Debt -3.75b / EBITDA 587.8m)
Debt / FCF = -12.30 (Net Debt -3.75b / FCF TTM 305.2m)
Total Stockholder Equity = 9.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.87% (Net Income 571.7m / Total Assets 11.74b)
RoE = 5.82% (Net Income TTM 571.7m / Total Stockholder Equity 9.83b)
RoCE = 7.33% (EBIT 725.4m / Capital Employed (Equity 9.83b + L.T.Debt 69.6m))
RoIC = 5.38% (NOPAT 534.7m / Invested Capital 9.95b)
WACC = 9.36% (E(5.54b)/V(5.61b) * Re(9.22%) + D(69.6m)/V(5.61b) * Rd(27.73%) * (1-Tc(0.26)))
Discount Rate = 9.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.46%
[DCF Debug] Terminal Value 65.32% ; FCFE base≈206.6m ; Y1≈135.6m ; Y5≈62.0m
Fair Price DCF = 15.29 (DCF Value 1.01b / Shares Outstanding 66.2m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -39.24 | EPS CAGR: -56.09% | SUE: 0.0 | # QB: 0
Revenue Correlation: -73.85 | Revenue CAGR: -9.33% | SUE: 0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=11.06 | Chg30d=+0.246 | Revisions Net=+2 | Growth EPS=+15.1% | Growth Revenue=+5.2%
P/E Trailing = 9.7105
P/S = 0.3007
P/B = 0.5093
Beta = 0.831
Revenue TTM = 2.58b CNY
EBIT TTM = 725.4m CNY
EBITDA TTM = 587.8m CNY
Long Term Debt = 69.6m CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 60.3m CNY (from shortTermDebt, last fiscal year)
Debt = 69.6m CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.75b CNY (from netDebt column, last quarter)
Enterprise Value = 187.0m CNY (5.54b + Debt 69.6m - CCE 5.42b)
Interest Coverage Ratio = -5.96 (Ebit TTM 725.4m / Interest Expense TTM -121.7m)
FCF Yield = 163.2% (FCF TTM 305.2m / Enterprise Value 187.0m)
FCF Margin = 11.83% (FCF TTM 305.2m / Revenue TTM 2.58b)
Net Margin = 22.16% (Net Income TTM 571.7m / Revenue TTM 2.58b)
Gross Margin = 57.92% ((Revenue TTM 2.58b - Cost of Revenue TTM 1.09b) / Revenue TTM)
Gross Margin QoQ = 52.46% (prev 80.06%)
Tobins Q-Ratio = 0.02 (Enterprise Value 187.0m / Total Assets 11.74b)
Interest Expense / Debt = 27.73% (Interest Expense 19.3m / Debt 69.6m)
Taxrate = 26.29% (63.7m / 242.2m)
NOPAT = 534.7m (EBIT 725.4m * (1 - 26.29%))
Current Ratio = 3.85 (Total Current Assets 6.78b / Total Current Liabilities 1.76b)
Debt / Equity = 0.01 (Debt 69.6m / totalStockholderEquity, last quarter 9.59b)
Debt / EBITDA = -6.38 (Net Debt -3.75b / EBITDA 587.8m)
Debt / FCF = -12.30 (Net Debt -3.75b / FCF TTM 305.2m)
Total Stockholder Equity = 9.83b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.87% (Net Income 571.7m / Total Assets 11.74b)
RoE = 5.82% (Net Income TTM 571.7m / Total Stockholder Equity 9.83b)
RoCE = 7.33% (EBIT 725.4m / Capital Employed (Equity 9.83b + L.T.Debt 69.6m))
RoIC = 5.38% (NOPAT 534.7m / Invested Capital 9.95b)
WACC = 9.36% (E(5.54b)/V(5.61b) * Re(9.22%) + D(69.6m)/V(5.61b) * Rd(27.73%) * (1-Tc(0.26)))
Discount Rate = 9.22% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.46%
[DCF Debug] Terminal Value 65.32% ; FCFE base≈206.6m ; Y1≈135.6m ; Y5≈62.0m
Fair Price DCF = 15.29 (DCF Value 1.01b / Shares Outstanding 66.2m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: -39.24 | EPS CAGR: -56.09% | SUE: 0.0 | # QB: 0
Revenue Correlation: -73.85 | Revenue CAGR: -9.33% | SUE: 0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=11.06 | Chg30d=+0.246 | Revisions Net=+2 | Growth EPS=+15.1% | Growth Revenue=+5.2%
Additional Sources for NOAH Stock
News:
Wall Street Journal |
Benzinga |
Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle