Added to YB: 2024-07-03
Pitch date: 2024-07-02
NOAH [bullish]
Noah Holdings Limited
+25.93%
current return
Author Info
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
$8.00
Price Target
45.00 (+346%)
Dividend
5.38%
EV/EBITDA
-0.26
P/E
14.28
EV/Sales
-0.09
Sector
Capital Markets
Category
value
Noah Holdings: China's Largest Private Wealth Management Company
NOAH: China's largest private wealth mgmt co. Consistent profits (avg EPADS $1.55 '14-'23). Rev +17% '17-'23, overseas +163%. 50% div target. Net cash $10.18/ADS > $7.63 mkt price. 4.5x P/E vs 14x hist. avg. Bull: 10x P/E = +122% upside. Risks: China econ, fraud history, VIE structure. Int'l growth reducing China dependence.
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