logo
Twitter
Discord
Email
logo
Noah Holdings Limited

Noah Holdings Limited

NYSE•NOAH
CEO: Ms. Jingbo Wang
Sector: Financial Services
Industry: Asset Management
Listing Date: 2010-11-10
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 enterprises in Mainland of China, Hong Kong, and internationally. It operates through three segments: Wealth Management, Asset Management, and Other Services. The company offers investment products, including domestic and overseas mutual fund products, private secondary products, and other products; customized value-added financial services, such as investor education and trust services, as well as insurance brokerage services; and insurance products. It also provides onshore and offshore private equity, real estate, public securities, multi-strategy, and other investment products, as well as lending services. The company was founded in 2005 and is headquartered in Shanghai, the People's Republic of China.
Contact Information
No.1226, South Shenbin Road, Minhang District, Shanghai, 200090, China
86-21-8035--8292
www.noah-fund.com
Market Cap
$141.14M
P/E (TTM)
1.5
0
Dividend Yield
11.5%
52W High
$12.84
52W Low
$7.67
52W Range
46%
Rank30Top 13.9%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$88.44M-7.43%
4-Quarter Trend

EPS

$2.19+64.40%
4-Quarter Trend

FCF

$0.00+0.00%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Net Income Drops Sharply Net income attributable to shareholders was RMB 475.4M in 2024, down 52.9% from RMB 1,009.5M in 2023.
Total Net Revenues Decline Total Net Revenues decreased 21.1% to RMB 2.60B in 2024, primarily due to lower wealth management one-time commissions.
Asset Management AUM Stable Total Asset Management AUM slightly decreased to RMB 151.5B as of December 31, 2024, with Olive reaching RMB 42.6B.

Risk Factors

PRC VIE Structure Uncertainty Reliance on Contractual Arrangements creates uncertainty; PRC government action could invalidate control structure and impact financial performance.
HFCAA Delisting Potential Future PCAOB inspection failure could prohibit ADS trading in the United States, materially affecting investment value.
Wealth Management Revenue Pressure Transaction value dropped 13.8% in 2024, primarily due to decreased distribution of domestic mutual fund products.

Outlook

New Business Segmentation Adopted Revenues now disclosed under six domestic/overseas segments plus Headquarters starting Q4 2024 for clearer performance insight.
Expanding Overseas Asset Management Accelerating Olive's overseas offerings to offset RMB private equity fundraising absence and strengthen global capabilities.
2025 Capital Expenditure Planned Expect capital expenditure of approximately RMB37.0M (US$5.1M) in 2025, primarily for headquarters renovation and upgrade.

Peer Comparison

Revenue (TTM)

Consumer Portfolio Services, Inc.CPSS
$430.36M
+13.2%
Noah Holdings LimitedNOAH
$350.70M
-8.0%
Meridian CorporationMRBK
$205.36M
+8.9%

Gross Margin (Latest Quarter)

Consumer Portfolio Services, Inc.CPSS
98.9%
+47.6pp
Noah Holdings LimitedNOAH
80.1%
+0.1pp
Monroe Capital CorporationMRCC
78.7%
-4.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
INV$316.03M-1.0-113.6%5.3%
CPSS$204.22M10.56.5%90.7%
OVBC$195.69M13.812.1%2897.7%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.8%
Flat Growth
4Q Net Income CAGR
26.0%
Profitability Improved
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Next earnings:Mar 24, 2026
|
EPS:-
|
Revenue:-
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Apr 24, 2025|
    Revenue: $361.48M-21.1%
    |
    EPS: $4.73-53.2%
    Meet

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 24, 2024|
    Revenue: $465.27M+6.3%
    |
    EPS: $10.26+1.7%
    Meet

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 24, 2023|
    Revenue: $460.57M-27.8%
    |
    EPS: $10.61-26.9%
    Beat

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Apr 6, 2022|
    Revenue: $665.59M+29.9%
    |
    EPS: $15.16+262.9%
    Beat

  • Form 20-F - FY 2020

    Period End: Dec 31, 2020|Filed: Apr 30, 2021|
    Revenue: $479.16M-2.5%
    |
    EPS: $-8.70-188.6%
    Miss