(NOAH) Noah Holdings - Overview

Exchange: NYSE • Country: China • Currency: USD • Type: Common Stock • ISIN: US65487X1028

Stock: Wealth Management, Asset Management, Lending

Total Rating 42

Risk 86

Buy Signal 0.12

Asset Management +7.4
Asset Management & Custody Banks +9.5

Market Cap: 784m
Avg Trading Vol: 1.40M USD

ATR: 3.26%
Peers RS (IBD): 67.3

Risk 5d forecast
Volatility	43.1%
Relative Tail Risk	-9.29%

Reward TTM
Sharpe Ratio	0.40
Alpha	-7.30

Character TTM
Beta	0.936
Beta Downside	1.676

Drawdowns 3y
Max DD	46.42%
CAGR/Max DD	-0.05

EPS (Earnings per Share)

EPS CAGR: -62.28%
EPS Trend: -37.5%

Last SUE: 0.00
Qual. Beats: 0

Revenue

Rev. CAGR: -16.78%
Rev. Trend: -73.3%

Last SUE: 0.01
Qual. Beats: 0

Description: NOAH Noah Holdings March 05, 2026

Noah Holdings Ltd. (NOAH) is a Chinese wealth and asset management firm. It serves high-net-worth individuals and corporate clients.

The company operates in three segments: Wealth Management, Asset Management, and Other Services. Wealth management firms typically offer a range of financial products and advisory services.

NOAHs offerings include mutual funds, private secondary products, insurance brokerage, and trust services. Asset management involves managing investment portfolios for clients.

Its asset management segment provides private equity, real estate, public securities, and multi-strategy products. Lending services are also offered.

For more detailed financial analysis, consider ValueRay.

Headlines to watch out for

Wealth Management fees drive primary revenue growth
Asset Management performance impacts fee income
Chinese regulatory changes pose significant risk
Global economic slowdown reduces client investment
Competition from other wealth managers pressures margins

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income: 655.8m TTM > 0 and > 6% of Revenue
FCF/TA: 0.03 > 0.02 and ΔFCF/TA 2.62 > 1.0
NWC/Revenue: 199.2% < 20% (prev 171.7%; Δ 27.54% < -1%)
CFO/TA 0.03 > 3% & CFO 387.3m > Net Income 655.8m
Net Debt (-3.78b) to EBITDA (518.9m): -7.28 < 3
Current Ratio: 4.77 > 1.5 & < 3
Outstanding Shares: last quarter (14.1m) vs 12m ago -0.10% < -2%
Gross Margin: 57.51% > 18% (prev 0.65%; Δ 5.69k% > 0.5%)
Asset Turnover: 21.93% > 50% (prev 23.86%; Δ -1.93% > 0%)
Interest Coverage Ratio: -5.39 > 6 (EBITDA TTM 518.9m / Interest Expense TTM -121.7m)

Altman Z'' 10.00

A: 0.44 (Total Current Assets 6.38b - Total Current Liabilities 1.34b) / Total Assets 11.55b
B: 0.51 (Retained Earnings 5.90b / Total Assets 11.55b)
C: 0.06 (EBIT TTM 656.5m / Avg Total Assets 11.53b)
D: 6.01 (Book Value of Equity 9.90b / Total Liabilities 1.65b)
Altman-Z'' Score: 11.22 = AAA

Beneish M -2.96

DSRI: 1.03 (Receivables 1.04b/1.11b, Revenue 2.53b/2.75b)
GMI: 1.13 (GM 57.51% / 65.14%)
AQI: 0.92 (AQ_t 0.23 / AQ_t-1 0.25)
SGI: 0.92 (Revenue 2.53b / 2.75b)
TATA: 0.02 (NI 655.8m - CFO 387.3m) / TA 11.55b)
Beneish M-Score: -2.96 (Cap -4..+1) = A

What is the price of NOAH shares?

As of March 21, 2026, the stock is trading at USD 11.37 with a total of 94,899 shares traded.
Over the past week, the price has changed by -0.35%, over one month by -5.64%, over three months by +18.07% and over the past year by +12.71%.

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.

StrongBuy: 2
Buy: 1
Hold: 1
Sell: 0
StrongSell: 1

What are the forecasts/targets for the NOAH price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	13.7	20.1%
Analysts Target Price	13.7	20.1%

NOAH Fundamental Data Overview March 21, 2026

Market Cap CNY = 5.41b (783.9m USD * 6.9005 USD.CNY)
P/E Trailing = 9.7105
P/S = 0.3135
P/B = 0.5305
Revenue TTM = 2.53b CNY
EBIT TTM = 656.5m CNY
EBITDA TTM = 518.9m CNY
Long Term Debt = 59.6m CNY (from capitalLeaseObligations, last quarter)
Short Term Debt = 60.3m CNY (from shortTermDebt, last fiscal year)
Debt = 59.6m CNY (from shortLongTermDebtTotal, last quarter)
Net Debt = -3.78b CNY (from netDebt column, last quarter)
Enterprise Value = 473.9m CNY (5.41b + Debt 59.6m - CCE 4.99b)
Interest Coverage Ratio = -5.39 (Ebit TTM 656.5m / Interest Expense TTM -121.7m)
EV/FCF = 1.55x (Enterprise Value 473.9m / FCF TTM 305.2m)
FCF Yield = 64.40% (FCF TTM 305.2m / Enterprise Value 473.9m)
FCF Margin = 12.07% (FCF TTM 305.2m / Revenue TTM 2.53b)
Net Margin = 25.93% (Net Income TTM 655.8m / Revenue TTM 2.53b)
Gross Margin = 57.51% ((Revenue TTM 2.53b - Cost of Revenue TTM 1.07b) / Revenue TTM)
Gross Margin QoQ = 80.07% (prev 52.46%)
Tobins Q-Ratio = 0.04 (Enterprise Value 473.9m / Total Assets 11.55b)
Interest Expense / Debt = 32.36% (Interest Expense 19.3m / Debt 59.6m)
Taxrate = 23.56% (67.5m / 286.3m)
NOPAT = 501.8m (EBIT 656.5m * (1 - 23.56%))
Current Ratio = 4.77 (Total Current Assets 6.38b / Total Current Liabilities 1.34b)
Debt / Equity = 0.01 (Debt 59.6m / totalStockholderEquity, last quarter 9.90b)
Debt / EBITDA = -7.28 (Net Debt -3.78b / EBITDA 518.9m)
Debt / FCF = -12.38 (Net Debt -3.78b / FCF TTM 305.2m)
Total Stockholder Equity = 9.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.69% (Net Income 655.8m / Total Assets 11.55b)
RoE = 6.64% (Net Income TTM 655.8m / Total Stockholder Equity 9.88b)
RoCE = 6.60% (EBIT 656.5m / Capital Employed (Equity 9.88b + L.T.Debt 59.6m))
RoIC = 5.05% (NOPAT 501.8m / Invested Capital 9.95b)
WACC = 9.53% (E(5.41b)/V(5.47b) * Re(9.36%) + D(59.6m)/V(5.47b) * Rd(32.36%) * (1-Tc(0.24)))
Discount Rate = 9.36% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 0.59%
[DCF] Terminal Value 63.64% ; FCFF base≈184.2m ; Y1≈120.9m ; Y5≈55.2m
[DCF] Fair Price = 69.99 (EV 853.9m - Net Debt -3.78b = Equity 4.63b / Shares 66.2m; r=9.53% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: -37.54 | EPS CAGR: -62.28% | SUE: 0.0 | # QB: 0
Revenue Correlation: -73.31 | Revenue CAGR: -16.78% | SUE: 0.01 | # QB: 0
EPS next Year (2026-12-31): EPS=11.06 | Chg7d=+0.223 | Chg30d=+0.246 | Revisions Net=+2 | Growth EPS=+15.1% | Growth Revenue=+5.2%

Additional Sources for NOAH Stock

Fund Manager Positions: Dataroma | Stockcircle