Noah Holdings Limited (NOAH) AI Stock Analysis

Established in 2005 and headquartered in Shanghai, China, Noah Holdings Limited operates as a wealth and asset management service provider for high net worth individuals and enterprises across Mainland China, Hong Kong, and internationally. The company operates through three segments: Wealth Management, Asset Management, and Other Businesses. Wealth Management provides investment products such as publicly-raised and private investment funds, private equity products, and insurance solutions, alongside investor education, trust services, and insurance brokerage. Its Asset Management segment manages investments across private equity, real estate, public securities, and multi-strategy products, while complementary lending services support client capital requirements.

Noah Holdings recorded a 5-year revenue CAGR of -4.6% from FY2020 to FY2025. Annual revenue decreased from $4.29B in FY2021 to $3.10B in FY2022, rose to $3.29B in FY2023, fell to $2.60B in FY2024, and stabilized at $2.61B in FY2025 with 0.4% growth. Net margin was 30.6% in FY2021, 31.5% in FY2022, 30.6% in FY2023, 18.3% in FY2024, and 21.4% in FY2025, generating $558.9M in net income and diluted EPS of $3.46. Over the trailing twelve months, revenue reached $2.61B with an operating margin of 34.8%. In the latest quarter ended June 30, 2026, revenue fell 1.5% year-over-year, while quarterly earnings increased 31.8%.

As of June 30, 2026, Noah Holdings held $5.05B in cash and short-term investments against total debt of $51.0M, resulting in net cash of $5.00B. Total assets stood at $11.64B and shareholders' equity was $9.33B. The company maintained a current ratio of 3.40 and a debt-to-equity ratio of 0.01. During FY2025, operating cash flow reached $976.6M and free cash flow was $842.5M. Cash deployment included $134.1M in capital expenditures, $52.3M for share buybacks, and $546.8M paid in dividends.

At a last close of $7.22, Noah Holdings had a market capitalization of $495.6M and an enterprise value of -$188.0M. The stock traded at a trailing P/E of 6.0x and a forward P/E of 7.7x, compared to medians of 12.1x and 10.8x for its US-listed Financial Services peers. Its price-to-sales was 0.2x versus the peer median of 3.2x, and price-to-book stood at 0.4x. Over the past year, the stock fell 26.5%, while the S&P 500 benchmark gained 16.8%. Over five years, Noah Holdings returned -67.4% versus an 83.0% gain for the index.

Noah Holdings pays an annual dividend with a forward rate of $0.65 per share, representing a dividend yield of 9.07%. The payout ratio was 112.2% of earnings, and the company has paid dividends for 4 consecutive years. Its most recent ex-dividend date occurred on July 9, 2026, following $546.8M in total dividends distributed during FY2025.

Wall Street coverage consists of 2 Strong Buy ratings and 2 Hold ratings. The mean price target of $10.65 indicates 47.5% upside compared to the last close of $7.22. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $2.54B and EPS of $9.66, reflecting 11.1% earnings growth. Over the last four quarters, the company topped EPS estimates 3 times. The next scheduled earnings release date is November 24, 2026.

This page is an AI-written research summary of Noah Holdings Limited (NOAH). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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