NOAH HOLDINGS LTD-SPON ADS (NOAH) Stock Fundamental Analysis
USA - NYSE:NOAH - US65487X1028 - ADR
11.65 USD
+0.09 (+0.78%)
11.65 USD
0 (0%)
NOAH gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 237 industry peers in the Capital Markets industry. No worries on liquidiy or solvency for NOAH as it has an excellent financial health rating, but there are worries on the profitability. NOAH has a valuation in line with the averages, but it does not seem to be growing.
1. Profitability
1.1 Basic Checks
In the past year NOAH was profitable.
NOAH had positive earnings in 4 of the past 5 years.
In the past 5 years NOAH always reported a positive cash flow from operatings.
1.2 Ratios
The Return On Assets of NOAH (4.15%) is better than 60.76% of its industry peers.
The Return On Equity of NOAH (4.85%) is worse than 61.60% of its industry peers.
The Return On Invested Capital of NOAH (4.92%) is better than 62.45% of its industry peers.
NOAH had an Average Return On Invested Capital over the past 3 years of 6.70%. This is in line with the industry average of 7.61%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.15% | ||
| ROE | 4.85% | ||
| ROIC | 4.92% |
ROA(3y)6.75%
ROA(5y)4.88%
ROE(3y)8.32%
ROE(5y)6.18%
ROIC(3y)6.7%
ROIC(5y)8.54%
1.3 Margins
With a Profit Margin value of 19.21%, NOAH perfoms like the industry average, outperforming 54.85% of the companies in the same industry.
NOAH's Profit Margin has declined in the last couple of years.
The Operating Margin of NOAH (27.24%) is comparable to the rest of the industry.
In the last couple of years the Operating Margin of NOAH has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 27.24% | ||
| PM (TTM) | 19.21% | ||
| GM | N/A |
OM growth 3Y-4.43%
OM growth 5Y-2.01%
PM growth 3Y-15.82%
PM growth 5Y-5.67%
GM growth 3YN/A
GM growth 5YN/A
2. Health
2.1 Basic Checks
Compared to 1 year ago, NOAH has more shares outstanding
The number of shares outstanding for NOAH has been increased compared to 5 years ago.
NOAH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
There is no outstanding debt for NOAH. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Altman-Z | N/A |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
NOAH has a Current Ratio of 4.81. This indicates that NOAH is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 4.81, NOAH belongs to the top of the industry, outperforming 88.61% of the companies in the same industry.
A Quick Ratio of 4.81 indicates that NOAH has no problem at all paying its short term obligations.
NOAH's Quick ratio of 4.81 is amongst the best of the industry. NOAH outperforms 88.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 4.81 | ||
| Quick Ratio | 4.81 |
3. Growth
3.1 Past
NOAH shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -46.16%.
The earnings per share for NOAH have been decreasing by -45.00% on average. This is quite bad
NOAH shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -18.29%.
NOAH shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -5.17% yearly.
EPS 1Y (TTM)-46.16%
EPS 3Y-67.37%
EPS 5Y-45%
EPS Q2Q%2.37%
Revenue 1Y (TTM)-18.29%
Revenue growth 3Y-15.38%
Revenue growth 5Y-5.17%
Sales Q2Q%-6.55%
3.2 Future
NOAH is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.07% yearly.
NOAH is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 2.72% yearly.
EPS Next Y11.04%
EPS Next 2Y8.56%
EPS Next 3Y6.07%
EPS Next 5YN/A
Revenue Next Year-1.57%
Revenue Next 2Y2.3%
Revenue Next 3Y2.72%
Revenue Next 5YN/A
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
NOAH is valuated reasonably with a Price/Earnings ratio of 11.20.
Based on the Price/Earnings ratio, NOAH is valued a bit cheaper than the industry average as 69.62% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.20. NOAH is valued rather cheaply when compared to this.
With a Price/Forward Earnings ratio of 8.21, the valuation of NOAH can be described as very reasonable.
Based on the Price/Forward Earnings ratio, NOAH is valued cheaply inside the industry as 86.08% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 22.70. NOAH is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.2 | ||
| Fwd PE | 8.21 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NOAH is valued cheaply inside the industry as 92.83% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.4 |
4.3 Compensation for Growth
NOAH's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
PEG (NY)1.01
PEG (5Y)N/A
EPS Next 2Y8.56%
EPS Next 3Y6.07%
5. Dividend
5.1 Amount
NOAH has a Yearly Dividend Yield of 4.66%, which is a nice return.
NOAH's Dividend Yield is comparable with the industry average which is at 7.96.
Compared to an average S&P500 Dividend Yield of 2.38, NOAH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.66% |
5.2 History
On average, the dividend of NOAH grows each year by 12.76%, which is quite nice.
NOAH has been paying a dividend for over 5 years, so it has already some track record.
NOAH has decreased its dividend recently.
Dividend Growth(5Y)12.76%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
NOAH's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y8.56%
EPS Next 3Y6.07%
11.65
+0.09 (+0.78%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners43.41%
Inst Owner Change0.32%
Ins Owners0.82%
Ins Owner ChangeN/A
Market Cap770.91M
Analysts78.18
Price Target12.72 (9.18%)
Short Float %0.4%
Short Ratio2.69
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.66% |
Yearly Dividend2.3
Dividend Growth(5Y)12.76%
DPN/A
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)8.01%
PT rev (3m)8.01%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)6.95%
EPS NY rev (3m)9.11%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.2 | ||
| Fwd PE | 8.21 | ||
| P/S | 2.13 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.54 | ||
| P/tB | 0.54 | ||
| EV/EBITDA | 6.4 |
EPS(TTM)1.04
EY8.93%
EPS(NY)1.42
Fwd EY12.18%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS5.46
BVpS21.6
TBVpS21.6
PEG (NY)1.01
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.15% | ||
| ROE | 4.85% | ||
| ROCE | 6.67% | ||
| ROIC | 4.92% | ||
| ROICexc | 4.92% | ||
| ROICexgc | 4.92% | ||
| OM | 27.24% | ||
| PM (TTM) | 19.21% | ||
| GM | N/A | ||
| FCFM | N/A |
ROA(3y)6.75%
ROA(5y)4.88%
ROE(3y)8.32%
ROE(5y)6.18%
ROIC(3y)6.7%
ROIC(5y)8.54%
ROICexc(3y)13.29%
ROICexc(5y)19.16%
ROICexgc(3y)13.29%
ROICexgc(5y)19.16%
ROCE(3y)9.1%
ROCE(5y)11.59%
ROICexcg growth 3Y-19.88%
ROICexcg growth 5Y-15.64%
ROICexc growth 3Y-19.88%
ROICexc growth 5Y-15.64%
OM growth 3Y-4.43%
OM growth 5Y-2.01%
PM growth 3Y-15.82%
PM growth 5Y-5.67%
GM growth 3YN/A
GM growth 5YN/A
F-ScoreN/A
Asset Turnover0.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | N/A | ||
| Cap/Sales | N/A | ||
| Interest Coverage | N/A | ||
| Cash Conversion | N/A | ||
| Profit Quality | N/A | ||
| Current Ratio | 4.81 | ||
| Quick Ratio | 4.81 | ||
| Altman-Z | N/A |
F-ScoreN/A
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)64.14%
Cap/Depr(5y)358.81%
Cap/Sales(3y)3.32%
Cap/Sales(5y)12.89%
Profit Quality(3y)79.19%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-46.16%
EPS 3Y-67.37%
EPS 5Y-45%
EPS Q2Q%2.37%
EPS Next Y11.04%
EPS Next 2Y8.56%
EPS Next 3Y6.07%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.29%
Revenue growth 3Y-15.38%
Revenue growth 5Y-5.17%
Sales Q2Q%-6.55%
Revenue Next Year-1.57%
Revenue Next 2Y2.3%
Revenue Next 3Y2.72%
Revenue Next 5YN/A
EBIT growth 1Y-25.66%
EBIT growth 3Y-19.13%
EBIT growth 5Y-7.07%
EBIT Next Year14.65%
EBIT Next 3Y14.15%
EBIT Next 5YN/A
FCF growth 1Y-73.71%
FCF growth 3YN/A
FCF growth 5Y-24.25%
OCF growth 1Y-70.64%
OCF growth 3Y-36.64%
OCF growth 5Y-21.38%