Professional
Added to YB: 2024-08-16
Pitch date: 2024-08-16
NOAH [bullish]
Noah Holdings Limited
+37.32%
current return
Author Info
No bio for this author
Company Info
Noah Holdings Limited, together with 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 corporate entities in Mainland of China, Hong Kong, and internationally.
Market Cap
$5.1B
Pitch Price
$7.34
Price Target
N/A
Dividend
5.38%
EV/EBITDA
-0.26
P/E
14.28
EV/Sales
-0.09
Sector
Capital Markets
Category
value
Davis International Fund Portfolio Holding: Noah Holdings Limited
NOAH: Chinese wealth manager down 30%. Weak H1 due to offshore clients shifting to cash mgmt. $140M dividends (20% of mkt cap) in H2 2024. Net cash 130% of mkt cap post-dividend. Profitable net-net. Future cash dividend yield >10% expected. Attractive despite weak ops.
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