Added to YB: 2025-05-13
Pitch date: 2025-03-24
NOAH [bullish]
Noah Holdings Limited
+9.87%
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
$16.66
Price Target
22.30 (+22%)
Dividend
5.38%
EV/EBITDA
-0.26
P/E
14.28
EV/Sales
-0.09
Sector
Capital Markets
Category
value
Noah Holdings Limited - $NOAH
NOAH: Independent wealth mgmt firm in China with asset-light model. Market cap $734M = cash value. 2x book value. $80-100M net income run-rate, double-digit FCF yield. Mgmt owns 35%, returning 25%+ via buybacks/dividends. Overseas focus (growing 30% YoY) as China struggles. Multiple collapsed with competitors' fraud & market cycle. Peer multiples >20x, 5-10x = 50-100% upside.
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