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Noah Holdings (NOAH)
NYSE:NOAH

Noah Holdings (NOAH) AI Stock Analysis

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NOAH

Noah Holdings

(NYSE:NOAH)

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Neutral 65 (OpenAI - 4o)
Rating:65Neutral
Price Target:
$11.00
▼(-2.91% Downside)
Noah Holdings' overall stock score reflects strong financial stability and attractive valuation, offset by technical weakness and revenue challenges. The company's strategic growth initiatives and profitability improvements are positive, but declining revenues and bearish technical indicators weigh on the score.

Noah Holdings (NOAH) vs. SPDR S&P 500 ETF (SPY)

Noah Holdings Business Overview & Revenue Model

Company DescriptionNoah Holdings Limited (NOAH) is a leading wealth and asset management services provider in China, focusing on high-net-worth individuals and institutional clients. The company operates primarily in the financial services sector, offering a range of products including wealth management, investment advisory services, and private equity funds. Noah is known for its innovative investment solutions and access to alternative assets, which cater to the growing demand for diversified investment strategies among affluent clients.
How the Company Makes MoneyNoah Holdings generates revenue through several key streams. Primarily, it earns fees from wealth management services, where it charges clients for advisory services and management of their investment portfolios. The company also collects performance-based fees from its private equity funds and other investment products, which are tied to the success of the investments managed. Additionally, Noah benefits from commissions and management fees associated with the sale of financial products, including mutual funds and insurance products. Strategic partnerships with financial institutions and asset managers enhance its product offerings and contribute to revenue growth. The firm’s focus on high-net-worth individuals allows it to command premium fees for its personalized and sophisticated investment solutions.

Noah Holdings Earnings Call Summary

Earnings Call Date:Nov 26, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 31, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant improvements in profitability and strategic growth in investment products and global operations. However, these positive trends were partially offset by declines in insurance revenue and overall revenue, resulting in a balanced outlook.
Q3-2025 Updates
Positive Updates
Significant Improvement in Profitability
Non-GAAP net income increased by over 50% year-on-year, reaching RMB 229 million for the third quarter, reflecting a solid bottom line performance.
Growth in Investment Products
Investment products accounted for 28% of new revenue, up from 18% a year ago, indicating an improvement in revenue mix.
Overseas AUM and AUA Growth
Overseas AUA reached USD 9.3 billion, up 6.8% year-on-year, and overseas AUM was USD 5.9 billion, up 5.3% year-on-year.
Expansion of Global Operations
The establishment of 4 overseas booking centers and obtaining a U.S. broker-dealer license demonstrate progress in global operational expansion.
AI Implementation
Launch of AI RM systems and AI-driven operations, enhancing client engagement and operational efficiency.
Negative Updates
Revenue Decline in Insurance Segments
Net revenues from overseas wealth management decreased by 22.7% year-on-year due to a decline in insurance products distribution. Domestic insurance revenues also fell by 44.8% year-on-year.
Overall Revenue Decline
Total net revenues for the quarter were RMB 633 million, reflecting a 7.4% year-over-year decline due to lower insurance income amid intensified competition.
Company Guidance
During the Noah Holdings Limited Third Quarter 2025 Earnings Conference Call, the company provided comprehensive guidance reflecting several key metrics. Non-GAAP net income for the third quarter increased by over 50% year-on-year to RMB 229 million, contributing to a cumulative non-GAAP net income of RMB 587 million for the first three quarters of 2025. Despite a slight year-on-year decline in net revenues to RMB 633 million, sequential growth was recorded for the second consecutive quarter. Investment products accounted for approximately 28% of new revenue, a significant increase from 18% the previous year. Overseas operations saw a notable transaction value increase in U.S. dollar private secondary products, nearly 2.5x year-on-year to USD 688 million, while domestic transaction value for RMB-denominated private secondary products grew 206% year-on-year to RMB 8.97 billion. The company's strategy emphasized strengthening core capabilities in investment product selection, expanding AI capabilities, and leveraging overseas booking centers to enhance global operations. Active client numbers rose, with registered clients up 13.1% year-on-year. The company maintained a strong balance sheet with cash and short-term investments totaling RMB 5.0 billion and no interest-bearing liabilities, positioning it well for future growth and technology investments.

Noah Holdings Financial Statement Overview

Summary
Income Statement
60
Neutral
Balance Sheet
75
Positive
Cash Flow
65
Positive
Breakdown
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Noah Holdings Technical Analysis

Technical Analysis Sentiment
Negative
Last Price11.33
Price Trends
50DMA
10.90
Negative
100DMA
11.41
Negative
200DMA
10.63
Negative
Market Momentum
MACD
-0.32
Positive
RSI
27.10
Positive
STOCH
4.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NOAH, the sentiment is Negative. The current price of 11.33 is above the 20-day moving average (MA) of 10.27, above the 50-day MA of 10.90, and above the 200-day MA of 10.63, indicating a bearish trend. The MACD of -0.32 indicates Positive momentum. The RSI at 27.10 is Positive, neither overbought nor oversold. The STOCH value of 4.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NOAH.

Noah Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (―)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
75
Outperform
$725.00M9.568.46%13.62%-8.32%-33.94%
73
Outperform
$834.83M27.3310.40%4.55%81.45%-26.75%
72
Outperform
$848.87M9.429.07%10.55%-6.30%-6.92%
68
Neutral
$721.26M8.4211.92%11.51%-12.17%-14.93%
68
Neutral
$901.67M9.668.18%13.10%-26.08%-27.65%
65
Neutral
$757.50M7.366.53%12.01%-7.77%13.95%
* Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
NOAH
Noah Holdings
9.61
-0.88
-8.39%
FDUS
Fidus Investment
19.64
0.92
4.91%
SLRC
SLR Investment Corp.
15.54
1.04
7.17%
BCSF
Bain Capital Specialty Finance
13.74
-0.93
-6.34%
VINP
Vinci Partners Investments
12.87
3.46
36.77%
NCDL
Nuveen Churchill Direct Lending Corp.
14.43
-0.51
-3.41%

Noah Holdings Corporate Events

Noah Holdings Announces November 2025 Share Capital Adjustments
Dec 4, 2025

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.

Noah Holdings Reports Q3 2025 Financial Results with Increased Net Income
Nov 25, 2025

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.

Noah Holdings Cancels 6.7 Million Treasury Shares in Strategic Move
Nov 25, 2025

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.

Noah Holdings to Announce Q3 2025 Financial Results
Nov 14, 2025

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.

Noah Holdings Reports Stable Share Capital for October 2025
Nov 7, 2025

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.

Noah Holdings Reports Share Increase for September 2025
Oct 9, 2025

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.

Noah Holdings Releases 2025 Interim Report
Sep 17, 2025

Noah Holdings Limited released its 2025 Interim Report on September 17, 2025. This report, filed under the Securities Exchange Act of 1934, highlights the company’s financial performance and strategic initiatives for the year. The release of this report is significant for stakeholders as it provides insights into the company’s operations and market positioning in the private wealth and asset management industry.

Noah Holdings Announces Share Issuance Under Settlement Plan
Sep 15, 2025

On September 12, 2025, Noah Holdings Limited announced changes in its issued shares as part of its New Settlement Plan. The company issued 28,860 new ordinary shares, representing a 0.0087% increase in its existing shares, under an issuance mandate approved at the 2025 annual general meeting. This move is part of a broader strategy to settle with affected clients, demonstrating Noah Holdings’ commitment to regulatory compliance and shareholder value enhancement.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 27, 2025