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Noah Holdings
(NYSE:NOAH)
Noah Holdings (NOAH) vs. SPDR S&P 500 ETF (SPY)
Noah Holdings Business Overview & Revenue Model
Noah Holdings Earnings Call Summary
Noah Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.53B | 2.60B | 3.29B | 3.10B | 4.29B | 3.31B |
| Gross Profit | 1.04B | 1.25B | 1.84B | 1.66B | 2.12B | 2.61B |
| EBITDA | 656.50M | 790.57M | 1.26B | 1.24B | 1.35B | 1.36B |
| Net Income | 655.78M | 475.44M | 1.01B | 976.57M | 1.31B | -745.23M |
Balance Sheet | ||||||
| Total Assets | 11.55B | 11.78B | 12.69B | 11.80B | 10.89B | 9.40B |
| Cash, Cash Equivalents and Short-Term Investments | 4.99B | 5.10B | 5.57B | 4.72B | 3.50B | 5.12B |
| Total Debt | 59.63M | 135.99M | 327.06M | 177.99M | 222.24M | 280.86M |
| Total Liabilities | 1.65B | 1.77B | 2.26B | 2.30B | 2.75B | 2.12B |
| Stockholders Equity | 9.90B | 9.95B | 10.31B | 9.41B | 8.04B | 7.19B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 305.16M | 1.16B | 570.19M | -749.38M | 744.74M |
| Operating Cash Flow | 0.00 | 387.34M | 1.32B | 632.90M | 1.52B | 796.35M |
| Investing Cash Flow | 0.00 | -840.82M | -247.14M | 74.29M | -2.57B | 352.58M |
| Financing Cash Flow | 0.00 | -1.13B | -199.84M | 233.76M | -513.12M | -371.42M |
Noah Holdings Technical Analysis
Noah Holdings Risk Analysis
Noah Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $648.45M | 8.80 | 8.46% | 14.71% | -8.32% | -33.94% | |
73 Outperform | $827.24M | 27.45 | 10.40% | 4.56% | 81.45% | -26.75% | |
72 Outperform | $823.77M | 9.39 | 9.07% | 10.80% | -6.30% | -6.92% | |
68 Neutral | $701.23M | 8.43 | 11.92% | 11.47% | -12.17% | -14.93% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $878.32M | 9.70 | 8.18% | 13.18% | -26.08% | -27.65% | |
65 Neutral | $742.14M | 8.43 | 6.53% | 11.65% | -7.77% | 13.95% |
Noah Holdings Corporate Events
On December 31, 2025, Noah Holdings Private Wealth and Asset Management Limited increased its issued share capital by 2,706,880 new ordinary shares, representing about 0.814% of its previously issued share base, taking the total number of issued shares to 335,258,287 as of that date. The shares were issued under an existing issuance mandate approved at the 2025 annual general meeting as part of the vesting of restricted share units granted under a prior settlement plan to affected clients who had accepted a settlement offer as of April 16, 2025, underscoring Noah’s use of equity to fulfill client settlement obligations and slightly diluting existing shareholders while advancing the completion of its settlement program.
The most recent analyst rating on (NOAH) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
On December 30, 2025, Noah Holdings reported that its issued share capital remained unchanged at 332,551,407 ordinary shares as of December 29, 2025, while detailing recent share repurchase activity conducted on the New York Stock Exchange under a mandate approved at its June 12, 2025 annual general meeting. Between December 23 and December 29, 2025 (U.S. Eastern Time), the group repurchased a total of 181,180 ordinary shares equivalent (via ADSs), including 142,885 ordinary shares bought on December 29 at USD 1.999 per share for an aggregate USD 285,555.67, with all repurchased shares designated for cancellation; these moves signal ongoing capital management efforts that may modestly enhance earnings per share and reflect management’s confidence in the company’s valuation, though they represent only a small fraction of total shares outstanding.
The most recent analyst rating on (NOAH) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
On December 23, 2025, Noah Holdings Private Wealth and Asset Management Limited repurchased 28,267 American depositary shares, equivalent to 141,335 ordinary shares, on the New York Stock Exchange under a repurchase mandate approved on June 12, 2025. The buyback, executed at a weighted average price of US$9.876 per ADS (US$1.975 per ordinary share) for a total consideration of about US$279,000, represented approximately 0.043% of the company’s issued share capital at the time and will be cancelled, with the company confirming compliance with Hong Kong listing rules and U.S. market regulations. Although the transaction did not change the total number of issued shares as of the disclosure date, the move signals continued implementation of Noah’s capital management program and may be viewed by investors as a sign of management’s confidence in the firm’s valuation and long-term prospects.
The most recent analyst rating on (NOAH) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
On December 20, 2025 (U.S. Eastern Time), Noah Holdings Limited granted 20,000 restricted share units, representing 200,000 shares or about 0.06% of its issued share capital (excluding treasury shares), to two employee participants under its 2022 Share Incentive Plan as part of a broader effort to support its globalization strategy. The RSUs, which carry no purchase price, vest 25% immediately and the remainder in equal tranches over the following three years, subject to continued employment, tailored performance targets linked to metrics such as group revenue and adjusted net income, and strict compliance and clawback provisions, underscoring the company’s emphasis on aligning key overseas talent with long‑term shareholder value and operational goals while tightly managing conduct and performance risk.
The most recent analyst rating on (NOAH) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
In November 2025, Noah Holdings Limited reported movements in its share capital, with the total number of issued shares increasing to 331,686,407. The company executed a significant cancellation of 6,762,680 treasury shares on November 21, 2025, which were previously repurchased on the New York Stock Exchange. This adjustment reflects the company’s strategic management of its share capital and could impact its market positioning by optimizing its capital structure.
The most recent analyst rating on (NOAH) stock is a Hold with a $11.00 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
Noah Holdings Limited announced its unaudited financial results for the third quarter of 2025, reporting a net revenue of RMB632.9 million, a 7.4% decrease from the same period in 2024, mainly due to reduced revenues from insurance product distribution. Despite a decline in income from operations by 28.6%, the company saw a significant 62.6% increase in net income attributable to shareholders, driven by a rise in the fair value of investments in affiliates. The company also reported a 19.1% increase in the aggregate value of investment products distributed, with notable growth in private secondary products. Noah’s operational updates highlighted an increase in registered and active clients, with an expanded coverage network in mainland China.
The most recent analyst rating on (NOAH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
On November 21, 2025, Noah Holdings Limited announced the cancellation of 6,762,680 treasury shares, which were repurchased as American Depositary Shares (ADSs) on the New York Stock Exchange between December 2, 2024, and May 28, 2025. This move is part of the company’s strategic management of its share capital, potentially impacting its market positioning by optimizing its capital structure and enhancing shareholder value.
The most recent analyst rating on (NOAH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
Noah Holdings announced that its board of directors will meet on November 25, 2025, to consider and approve the unaudited financial results for the third quarter of 2025. The results will be published on November 26, 2025, and a conference call will follow to discuss the outcomes and recent business activities. This announcement is significant for stakeholders as it provides insights into the company’s financial health and strategic direction.
The most recent analyst rating on (NOAH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
Noah Holdings Limited submitted a monthly return for October 2025, detailing no changes in its authorized or issued share capital. The report, dated November 7, 2025, confirms compliance with Hong Kong Exchange listing rules and highlights the company’s stable share structure, with no new shares issued or treasury shares transferred during the month. This stability in share capital indicates a steady operational phase for the company, maintaining its market position without significant shifts in equity structure.
The most recent analyst rating on (NOAH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.
Noah Holdings Limited reported a minor increase in its issued shares for September 2025, as disclosed in their monthly return to the Hong Kong Stock Exchange. The company issued an additional 28,860 ordinary shares, bringing the total to 337,654,818 shares, while the treasury shares remained unchanged. This adjustment reflects ongoing activities under their 2022 Share Incentive Plan and RSU Plan, which are part of their strategic initiatives to manage equity and incentivize stakeholders.
The most recent analyst rating on (NOAH) stock is a Hold with a $12.50 price target. To see the full list of analyst forecasts on Noah Holdings stock, see the NOAH Stock Forecast page.