Added to YB: 2024-01-19
Pitch date: 2024-01-19
NOAH [bullish]
Noah Holdings Limited
+21.04%
current return
Author Info
Turtles all the way down! is a newsletter that shares short pitches on cheap stocks from all around the world. Sign up for their newsletter
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
$8.33
Price Target
N/A
Dividend
5.38%
EV/EBITDA
-0.26
P/E
14.28
EV/Sales
-0.09
Sector
Capital Markets
Category
growth
A new Chinese Stock: Noah Holdings ($NOAH)
$NOAH: China wealth mgmt firm at 5x FWD PE, 6.5x LTM. 50% insider owned, $1B net cash. Slow '22 growth due to rates, but 1% share of affluent market = big potential. Pivoting to 35-50% buyback/div return policy. $3-4/sh special div hinted. Pre-'22 growth could see 10-20x PE.
Read full article (3 min)