Noah Holdings Ltd

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NOAH : NYSE : Financial
$30.63 -0.3 | -0.97%
Today's Range: 30.375 - 31.1
Avg. Daily Volume: 224400.0
08/17/17 - 3:56 PM ET

Financial Analysis

NOAH HOLDINGS LTD -ADR's gross profit margin for the first quarter of its fiscal year 2017 has increased when compared to the same period a year ago. The company has grown sales and net income during the past quarter when compared with the same quarter a year ago, however, it was unable to keep up with the growth of the average competitor within its industry. NOAH HOLDINGS LTD -ADR is extremely liquid. Currently, the Quick Ratio is 2.11 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has increased by 22.69% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.

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Income Statement Q1 FY17 Q1 FY16
Net Sales ($mil)103.6194.16
EBITDA ($mil)0.00.0
EBIT ($mil)32.3824.57
Net Income ($mil)31.5330.86

Balance Sheet Q1 FY17 Q1 FY16
Cash & Equiv. ($mil)438.81477.07
Total Assets ($mil)896.26764.06
Total Debt ($mil)80.080.0
Equity ($mil)522.28425.69

Profitability Q1 FY17 Q1 FY16
Gross Profit Margin48.1245.54
EBITDA Margin0.00.0
Operating Margin31.2626.09
Sales Turnover0.410.46
Return on Assets10.4212.09
Return on Equity17.8821.7
Debt Q1 FY17 Q1 FY16
Current Ratio2.252.43
Interest Expense0.710.72
Interest Coverage45.3533.98

Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)56.4256.22
Div / share0.00.0
Book value / share9.267.57
Institutional Own % n/a n/a
Avg Daily Volume216882.0191617.0


BUY. This stock's P/E ratio indicates a discount compared to an average of 20.81 for the Capital Markets industry and a discount compared to the S&P 500 average of 24.31. To use another comparison, its price-to-book ratio of 3.31 indicates valuation on par with the S&P 500 average of 3.03 and a discount versus the industry average of 3.41. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, NOAH HOLDINGS LTD -ADR proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
NOAH 19.04 Peers 20.81   NOAH NM Peers 20.29

Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.

NOAH is trading at a valuation on par with its peers.


Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

NOAH's P/CF is negative making the measure meaningless.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
NOAH 13.06 Peers 17.99   NOAH 0.74 Peers 2.33

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

NOAH is trading at a discount to its peers.


Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

NOAH trades at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
NOAH 3.31 Peers 3.41   NOAH 3.20 Peers 53.83

Average. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

NOAH is trading at a valuation on par with its peers.


Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, NOAH is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
NOAH 4.66 Peers 4.00   NOAH 6.25 Peers 17.92

Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

NOAH is trading at a premium to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

NOAH significantly trails its peers on the basis of sales growth



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