NOAH HOLDINGS LTD-SPON ADS (NOAH) Stock Fundamental Analysis
NYSE:NOAH - New York Stock Exchange, Inc. - US65487X1028 - ADR - Currency: USD
Taking everything into account, NOAH scores 5 out of 10 in our fundamental rating. NOAH was compared to 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 on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year NOAH was profitable.
Of the past 5 years NOAH 4 years were profitable.
In the past 5 years NOAH always reported a positive cash flow from operatings.
1.2 Ratios
NOAH has a better Return On Assets (4.15%) than 63.29% of its industry peers.
The Return On Equity of NOAH (4.85%) is worse than 60.34% of its industry peers.
With a decent Return On Invested Capital value of 4.92%, NOAH is doing good in the industry, outperforming 62.03% of the companies in the same industry.
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 7.69%.
| 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
NOAH has a Profit Margin (19.21%) which is in line with its industry peers.
NOAH's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 27.24%, NOAH is in line with its industry, outperforming 49.79% of the companies in the same industry.
NOAH's Operating Margin has declined in the last couple of years.
| 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
Compared to 5 years ago, NOAH has more shares outstanding
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.
2.2 Solvency
NOAH has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the 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 86.50% of the companies in the same industry.
NOAH has a Quick Ratio of 4.81. This indicates that NOAH is financially healthy and has no problem in meeting its short term obligations.
NOAH has a Quick ratio of 4.81. This is amongst the best in the industry. NOAH outperforms 86.50% 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
Looking at the last year, NOAH shows a very negative growth in Revenue. The Revenue has decreased by -18.29% in the last year.
The Revenue has been decreasing by -5.17% on average over the past years.
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
The Earnings Per Share is expected to grow by 6.07% on average over the next years.
Based on estimates for the next years, NOAH will show a small growth in Revenue. The Revenue will grow by 2.14% on average per year.
EPS Next Y3.83%
EPS Next 2Y8.42%
EPS Next 3Y6.07%
EPS Next 5YN/A
Revenue Next Year-0.66%
Revenue Next 2Y2.86%
Revenue Next 3Y2.14%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 11.61, the valuation of NOAH can be described as reasonable.
NOAH's Price/Earnings ratio is a bit cheaper when compared to the industry. NOAH is cheaper than 66.67% of the companies in the same industry.
NOAH is valuated cheaply when we compare the Price/Earnings ratio to 26.85, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 8.45, the valuation of NOAH can be described as very reasonable.
Based on the Price/Forward Earnings ratio, NOAH is valued cheaper than 83.97% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 34.98, NOAH is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.61 | ||
| Fwd PE | 8.45 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, NOAH is valued cheaply inside the industry as 93.25% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.7 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates NOAH does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.03
PEG (5Y)N/A
EPS Next 2Y8.42%
EPS Next 3Y6.07%
5. Dividend
5.1 Amount
NOAH has a Yearly Dividend Yield of 4.68%, which is a nice return.
Compared to an average industry Dividend Yield of 7.67, NOAH has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.36, NOAH pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
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
The dividend of NOAH is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DPN/A
EPS Next 2Y8.42%
EPS Next 3Y6.07%
11.96
-0.12 (-0.99%)
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 Cap791.33M
Analysts78.18
Price Target11.78 (-1.51%)
Short Float %0.44%
Short Ratio3.66
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.68% |
Yearly Dividend2.28
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)0%
PT rev (3m)-3.14%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)2.01%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.6%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 11.61 | ||
| Fwd PE | 8.45 | ||
| P/S | 2.21 | ||
| P/FCF | N/A | ||
| P/OCF | N/A | ||
| P/B | 0.56 | ||
| P/tB | 0.56 | ||
| EV/EBITDA | 6.7 |
EPS(TTM)1.03
EY8.61%
EPS(NY)1.42
Fwd EY11.84%
FCF(TTM)N/A
FCFYN/A
OCF(TTM)N/A
OCFYN/A
SpS5.4
BVpS21.38
TBVpS21.38
PEG (NY)3.03
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 Y3.83%
EPS Next 2Y8.42%
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-0.66%
Revenue Next 2Y2.86%
Revenue Next 3Y2.14%
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%