Added to YB: 2024-03-20
Pitch date: 2024-03-19
NOAH [neutral]
Noah Holdings Limited
+33.06%
current return
Author Info
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Company Info
Noah Holdings Limited, together with its subsidiaries, operates as a wealth and asset management service provider with the focus on investment and asset allocation services for high net worth individuals and corporate entities in Mainland of China, Hong Kong, and internationally.
Market Cap
$5.1B
Pitch Price
$7.32
Price Target
20.04 (+99%)
Dividend
5.38%
EV/EBITDA
-0.26
P/E
14.28
EV/Sales
-0.09
Sector
Capital Markets
Category
special_situation
Turtles Research New Position: $NOAH
NOAH: Cheap at 4-5x earnings with $900M net cash vs $665M market cap. Potential catalyst: capital return announcement in upcoming earnings, targeting up to 50% of adjusted earnings ($1.25/share in 2024, $1.35 in 2025). Chairwoman/22% owner pushing for 100% dividend or 50% + buybacks. Short-term trade.
Read full article (1 min)