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
Debt/Capital0.130.16
Interest Expense0.710.72
Interest Coverage45.3533.98


Share Data Q1 FY17 Q1 FY16
Shares outstanding (mil)56.4256.22
Div / share0.00.0
EPS0.540.52
Book value / share9.267.57
Institutional Own % n/a n/a
Avg Daily Volume216882.0191617.0

Valuation


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.


Price/Earnings
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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
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.

 
Price/Book
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.

 
Price/Sales
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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