Financial Services · Asset Management
Price
$8.90
Market Cap
$594.1M
Employees
1,990
Beta
0.78
Avg Volume
74,255
CEO
Zhe Yin
Noah Holdings Limited, a financial services entity established in 2005 and headquartered in Shanghai, People's Republic of China, specializes in providing comprehensive wealth and asset management solutions. The company primarily caters to high-net-worth individuals and corporate clients, offering expertise in investment and asset allocation across Mainland China, Hong Kong, and international markets. Its operations are divided into three core segments: Wealth Management, Asset Management, and Other Businesses. Through its wealth management arm, Noah delivers a broad spectrum of investment products, including both publicly offered and privately placed funds, spanning public securities and private equity. It also provides bespoke value-added financial services such as investor education, trust administration, and insurance brokerage, in addition to direct sales of insurance products. Furthermore, the company's asset management division offers access to a diverse portfolio of onshore and offshore investment vehicles, such as private equity, real estate, public securities, and multi-strategy funds. Noah Holdings also extends lending services as part of its comprehensive financial offerings.
Runs with full report
Price Overview
Last updated: Jul 10, 2026 4:14am (just now)
Current data · timestamped when a report runs
$8.90
Change · Jul 10
-1.35 (-13.17%)
Day Range
$8.84 – $8.97
52-Week Range
$8.75 – $12.84
50-Day MA
$10.33
200-Day MA
$10.86
Volume
95,297.00
Analyst Price Targets
Low
$10.00
Consensus
$17.13
High
$30.50
(5 analysts)
Share Structure
Outstanding
66,748,482.00
Float
65,306,112.00
Free Float
97.8%
High free float
— 97.8% of shares trade freely, ~2.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
APIStock Price / EPS (Diluted)
1.56
Stock Price: $8.90
EPS (Diluted): 38.80
EPS (Diluted): 38.80
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.10
Stock Price: $8.90
Total Equity: $9.83B
Shares: 14,078,505
Total Equity: $9.83B
Shares: 14,078,505
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.29
Market Cap: $594.06M
Total Debt: $0.00
Cash: $4.36B
EBITDA: $933.57M
Total Debt: $0.00
Cash: $4.36B
EBITDA: $933.57M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
-$3.3B
Market Cap: $594.06M
Total Debt: $0.00
Cash: $4.36B
Total Debt: $0.00
Cash: $4.36B
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
53.4%
Gross Profit: $1.39B
Revenue: $2.61B
Revenue: $2.61B
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
29.8%
Operating Income: $776.66M
Revenue: $2.61B
Revenue: $2.61B
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
21.4%
Net Income: $558.86M
Revenue: $2.61B
Revenue: $2.61B
ROE (Profit from shareholder equity)
APINet Income / Total Equity
5.5%
Net Income: $558.86M
Total Equity: $9.83B
Total Equity: $9.83B
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
5.1%
Operating Income: $776.66M
Tax Rate: 34.8%
Equity: $9.83B
Total Debt: $0.00
Cash: $4.36B
Tax Rate: 34.8%
Equity: $9.83B
Total Debt: $0.00
Cash: $4.36B
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
4.46
Current Assets: $6.36B
Current Liabilities: $1.43B
Current Liabilities: $1.43B
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $9.83B
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $9.83B
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$185.41
Revenue: $2.61B
Shares: 14,078,505
Shares: 14,078,505
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$698.00
Total Equity: $9.83B
Shares: 14,078,505
Shares: 14,078,505
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$59.84
Operating CF: $976.61M
CapEx: -$134.14M
Shares: 14,078,505
CapEx: -$134.14M
Shares: 14,078,505
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
55.8%
Last Dividend: N/A
Stock Price: $8.90
Stock Price: $8.90
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $558.86M
Net Income: $558.86M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NOAH against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jul 10, 2026 3:07am (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.3B | $3.1B | $3.3B | $2.6B | $2.6B |
| Cost of Revenue | $2.2B | $1.4B | $1.5B | $1.3B | $1.2B |
| Gross Profit | $2.1B | $1.7B | $1.8B | $1.3B | $1.4B |
| Operating Expenses | $925.3M | $570.0M | $740.0M | $617.6M | $617.0M |
| Operating Income | $1.2B | $1.1B | $1.1B | $633.9M | $776.7M |
| Net Income | $1.3B | $976.6M | $1.0B | $475.4M | $558.9M |
| EBITDA | $1.3B | $1.2B | $1.3B | $790.6M | $933.6M |
| EPS | $97.80 | $71.45 | $72.65 | $34.00 | $38.80 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jul 10, 2026 3:07am (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $3.4B | $4.4B | $5.2B | $3.8B | $4.4B |
| Total Current Assets | $5.5B | $6.3B | $7.1B | $6.5B | $6.4B |
| Total Assets | $10.9B | $11.8B | $12.7B | $11.8B | $11.7B |
| Current Liabilities | $2.3B | $1.9B | $1.9B | $1.4B | $1.4B |
| Long-Term Debt | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $2.7B | $2.3B | $2.3B | $1.8B | $1.8B |
| Total Equity | $8.0B | $9.4B | $10.3B | $9.9B | $9.8B |
| Retained Earnings | $5.2B | $5.6B | $6.4B | $5.9B | $5.8B |
Cash Flow (Annual)
Last updated: Jul 10, 2026 3:07am (1h ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.5B | $632.9M | $1.3B | $387.3M | $976.6M |
| Capital Expenditure | -$2.3B | -$62.7M | -$157.9M | -$82.2M | -$134.1M |
| Free Cash Flow | -$749.4M | $570.2M | $1.2B | $305.2M | $842.5M |
| Acquisitions (net) | $-436,000 | -$8.1M | -$14.7M | $12.3M | -$64.2M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$372.4M | $0 | $0 | -$53.3M | -$52.3M |
| Net Change in Cash | -$1.6B | $1.0B | $919.4M | -$1.5B | $541.0M |
Analyst Estimates (Annual)
Last updated: Jul 10, 2026 3:07am (1h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.5B $2.4B – $2.7B
|
$2.8B $2.7B – $3.0B
|
$2.9B $2.8B – $3.1B
|
$2.9B $2.7B – $3.1B
|
| EBITDA |
$891.4M $847.6M – $955.4M
|
$980.3M $932.1M – $1.1B
|
$1.0B $971.1M – $1.1B
|
$1.0B $963.3M – $1.1B
|
| Net Income |
$143.3M $134.1M – $156.7M
|
$140.3M $131.3M – $153.3M
|
$151.1M $141.4M – $165.1M
|
$146.8M $137.4M – $160.5M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jul 10, 2026 3:07am (1h ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -27.8% | +6.3% | -21.1% | +0.4% |
| Gross Profit Growth | -21.9% | +10.8% | -31.9% | +11.4% |
| Operating Income Growth | -9.2% | +0.9% | -42.3% | +22.5% |
| Net Income Growth | -25.7% | +3.4% | -52.9% | +17.5% |
| EBITDA Growth | -7.5% | +0.9% | -37.1% | +18.1% |
Dividend History (Last 20)
Last updated: Jul 10, 2026 3:07am (1h ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-07-09 | $1.38 | 2026-06-16 | 2026-07-09 | 2026-08-06 |
| 2025-07-03 | $1.16 | 2025-06-12 | 2025-07-03 | 2025-08-01 |
| 2024-07-03 | $2.13 | 2024-06-18 | 2024-07-03 | 2024-08-01 |
| 2023-06-26 | $0.36 | 2023-06-12 | 2023-06-27 | 2023-07-21 |
| 2013-03-18 | $0.14 | 2013-02-26 | 2013-03-20 | 2013-04-09 |
| 2012-03-28 | $0.14 | 2012-03-07 | 2012-03-30 | 2012-04-16 |
Insider Trading (Recent)
Last updated: Jul 10, 2026 3:07am (1h ago)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-29 | Wang Jingbo (Norah) | M-Exempt | 765.00 | $0.00 | $0 |
| 2026-06-29 | Wang Jingbo (Norah) | M-Exempt | 76.50 | $0.00 | $0 |
| 2026-06-29 | Pan Qing | M-Exempt | 1,095.00 | $0.00 | $0 |
| 2026-06-29 | Pan Qing | M-Exempt | 109.50 | $0.00 | $0 |
| 2026-06-29 | YIN ZHE | M-Exempt | 765.00 | $0.00 | $0 |
| 2026-06-29 | YIN ZHE | M-Exempt | 76.50 | $0.00 | $0 |
| 2026-05-29 | YIN ZHE | M-Exempt | 740.00 | $0.00 | $0 |
| 2026-05-29 | YIN ZHE | M-Exempt | 74.00 | $0.00 | $0 |
| 2026-05-29 | Wang Jingbo (Norah) | M-Exempt | 740.00 | $0.00 | $0 |
| 2026-05-29 | Wang Jingbo (Norah) | M-Exempt | 74.00 | $0.00 | $0 |
| 2026-05-29 | Pan Qing | M-Exempt | 1,035.00 | $0.00 | $0 |
| 2026-05-29 | Pan Qing | M-Exempt | 103.00 | $0.00 | $0 |
| 2026-04-29 | YIN ZHE | M-Exempt | 740.00 | $0.00 | $0 |
| 2026-04-29 | YIN ZHE | M-Exempt | 74.00 | $0.00 | $0 |
| 2026-04-29 | Pan Qing | M-Exempt | 1,035.00 | $0.00 | $0 |
| 2026-04-29 | Pan Qing | M-Exempt | 103.00 | $0.00 | $0 |
| 2026-04-29 | Wang Jingbo (Norah) | M-Exempt | 740.00 | $0.00 | $0 |
| 2026-04-29 | Wang Jingbo (Norah) | M-Exempt | 74.00 | $0.00 | $0 |
| 2026-03-31 | Pan Qing | M-Exempt | 225,230.00 | $0.00 | $0 |
| 2026-03-31 | Pan Qing | M-Exempt | 1,035.00 | $0.00 | $0 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NOAH — it's generated by the pipeline (
market-narrative step).
No community reviews yet for NOAH.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.397 · fd27f02b · 2026-07-09 18:28:55