Added to YB: 2026-08-11
Pitch date: 2026-08-08
NOAH [bullish]
Noah Holdings Limited
+0.23%
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
$4.0B
Pitch Price
$8.80
Price Target
20.80 (+137%)
Dividend
7.98%
EV/EBITDA
-1.09
P/E
7.64
EV/Sales
-0.41
Sector
Capital Markets
Category
value
Noah Holdings ($NOAH): A Chinese Wealth Manager Trading at Its Cash Pile
NOAH: China wealth manager at ~8x earnings (6x fwd), $680M mkt cap vs ~$710M net cash + zero debt—paying nothing for operating biz. Founder-led, 100% payout, 13%+ buybacks. FY25 op margin 29.8%, Q1'26 37.8%. Recurring Gopher/Olive fee shift. 16x fair P/E, ~55% annualized upside. Risk: China ADR discount, cyclicality.
Read full article (10 min)