Noah Holdings

HK$11.40As of Sun 8 Nov 2026, 12:00 UTC

HKEX:6686Financials

Country Hong Kong

PE (Fwd) 6.919

TSR 4Y CAGR (9.36%)

Div yield 9.62%

ROE —

Asset Management

Beta (5Y) 0.76

PE TTM 6.109

TSR TTM (26.29%)

Mkt cap HK$3.705B

ROIC —

SE Grade™

—

Value

Quality

—

Moat

—

1Y Price

Reference

$11

(5.34%)

329.88%

Price below Reference Value

TTM

FYE 31 Dec CNY

FY2016

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026E

Trend

10Y

Peers

2.610

Revenue¥B

—

4.293

3.100

3.295

2.601

2.610

2.430

(11.70%)

100

0.36

Revenue growth%

—

(27.78)

6.27

(21.06)

0.36

(6.90)

(10.35)

—

53.39

Gross margin%

—

49.48

53.49

55.78

48.12

53.39

53.52

53.39

29.75

Operating margin%

—

27.93

35.11

33.32

24.37

29.75

29.98

29.75

21.41

Net margin%

—

30.61

31.50

30.64

18.28

21.41

21.44

30.61

6.109

P/E ratio (avg)x

—

8.454

8.514

11.07

10.04

6.554

9.276

—

4.396

EV/EBITx

—

7.585

7.829

8.302

7.222

4.686

7.707

—

FCF yield (avg)%

—

FCF margin%

—

FCF / Net incomex

—

ROIC%

—

Return on equity%

—

Return on assets%

—

1.59

EPS¥

—

3.89

2.86

2.91

1.35

1.59

1.48

(20.07%)

—

17.67

EPS growth%

—

(26.59)

1.75

(53.56)

17.67

(6.78)

(12.42)

—

Bookvalue per sh¥

—

FCF per share¥

—

0.93

Dividend per sh¥

—

0.55

1.55

0.83

0.93

0.96

19.26%

—

9.62

Div yield (avg)%

—

2.28

6.27

5.54

5.85

9.94

5.70

—

100

58.68

Payout ratio%

—

19.24

53.34

61.33

58.68

65.16

53.34

352.0

Shares (diluted)M

—

337.8

342.0

347.4

352.4

352.0

◌352.0

1.03%

0.11

Buyback yield%

—

(1.23)

(1.59)

(1.42)

0.11

◌—

(1.33)

—

D/E ratiox

—

3.414

Enterprise value¥B

—

8.256

8.595

5.263

5.609

3.414

(12.09%)

—

LT debt¥M

—

Peers (US$476.3M)

Cap (US$)

Value Partners Group…

367.0M

4.766x

G-Resources Group…

329.8M

9.752x

China Renaissance…

268.4M

21.84x

Canara Robeco Asset…

475.9M

19.52x

Capital

TTM

10Y

Leveragex

—

EBIT/Intx

—

Own earn%

—

Sh yield%

9.73

4.40

Owners

Insiders/Inst%

—

Short interest%

—

SBC / revenue%

—

Record

10Y

Profitable years

5/5

Revenue growth years

2/4

EPS growth years

2/4

Dividend streakyrs

Op margin range%

24–35

$1 testx

—

Incr. ROIC%

—

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.

Growth vs revenue

Latest

Trend

4Y CAGR

Rel growth

Revenue

¥2.610B

(11.70%)

1.00×

Cost of revenue

¥1.217B

(13.46%)

0.92×

Operating expenses

¥617.0M

(9.63%)

1.10×

Revenue by region

No breakdown available

Reinvestment returns

n/m

Trend

Reinvestment rate

n/m

Return on capital

n/m

Spread over hurdle

n/m