Noah Holdings Ltd (NOAH) - Net Assets
Based on the latest financial reports, Noah Holdings Ltd (NOAH) has net assets worth $9.90 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($11.55 Billion) and total liabilities ($1.65 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Noah Holdings Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.90 Billion |
| % of Total Assets | 85.73% |
| Annual Growth Rate | 58.36% |
| 5-Year Change | 37.59% |
| 10-Year Change | 295.14% |
| Growth Volatility | 522.51 |
Noah Holdings Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Noah Holdings Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Noah Holdings Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Noah Holdings Ltd (2007–2024)
The table below shows the annual net assets of Noah Holdings Ltd from 2007 to 2024. For live valuation and market cap data, see Noah Holdings Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $10.01 Billion | -3.98% |
| 2023-12-31 | $10.43 Billion | +9.76% |
| 2022-12-31 | $9.50 Billion | +16.69% |
| 2021-12-31 | $8.14 Billion | +11.88% |
| 2020-12-31 | $7.28 Billion | -7.59% |
| 2019-12-31 | $7.87 Billion | +27.52% |
| 2018-12-31 | $6.18 Billion | +36.99% |
| 2017-12-31 | $4.51 Billion | +32.92% |
| 2016-12-31 | $3.39 Billion | +33.83% |
| 2015-12-31 | $2.53 Billion | +30.63% |
| 2014-12-31 | $1.94 Billion | +36.10% |
| 2013-12-31 | $1.43 Billion | +30.11% |
| 2012-12-31 | $1.10 Billion | +8.25% |
| 2011-12-31 | $1.01 Billion | +15.92% |
| 2010-12-31 | $873.04 Million | +2235.62% |
| 2009-12-31 | $37.38 Million | +394.27% |
| 2008-12-31 | $7.56 Million | +87.36% |
| 2007-12-31 | $4.04 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Noah Holdings Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 519864.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $5.90 Billion | 59.37% |
| Common Stock | $113.00K | 0.00% |
| Other Comprehensive Income | $186.55 Million | 1.88% |
| Other Components | $3.85 Billion | 38.76% |
| Total Equity | $9.95 Billion | 100.00% |
Noah Holdings Ltd Competitors by Market Cap
The table below lists competitors of Noah Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Franklin BSP Realty Trust Inc
NYSE:FBRT
|
$705.08 Million |
|
Gifore Agricultural Machinery Chain Co Ltd
SHE:300022
|
$705.15 Million |
|
Vestis Corporation
NYSE:VSTS
|
$705.34 Million |
|
Huarui Electrical Appliance Co Ltd
SHE:300626
|
$705.38 Million |
|
FinVolution Group
NYSE:FINV
|
$704.57 Million |
|
WEIMOB INC. DL-0001
F:36W
|
$704.54 Million |
|
SSAW Hotels & Resorts Group Co.Ltd.
SHE:301073
|
$704.53 Million |
|
Frontera Energy Corp
TO:FEC
|
$704.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Noah Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,310,334,000 to 9,945,848,000, a change of -364,486,000 (-3.5%).
- Net income of 475,445,000 contributed positively to equity growth.
- Dividend payments of 1,007,851,000 reduced retained earnings.
- Share repurchases of 53,345,000 reduced equity.
- Other comprehensive income increased equity by 111,932,000.
- Other factors increased equity by 109,333,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $475.44 Million | +4.78% |
| Dividends Paid | $1.01 Billion | -10.13% |
| Share Repurchases | $53.34 Million | -0.54% |
| Other Comprehensive Income | $111.93 Million | +1.13% |
| Other Changes | $109.33 Million | +1.1% |
| Total Change | $- | -3.54% |
Book Value vs Market Value Analysis
This analysis compares Noah Holdings Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.02x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 24.00x to 0.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $0.44 | $10.65 | x |
| 2008-12-31 | $0.83 | $10.65 | x |
| 2009-12-31 | $5.55 | $10.65 | x |
| 2010-12-31 | $114.69 | $10.65 | x |
| 2011-12-31 | $88.71 | $10.65 | x |
| 2012-12-31 | $96.28 | $10.65 | x |
| 2013-12-31 | $121.40 | $10.65 | x |
| 2014-12-31 | $165.21 | $10.65 | x |
| 2015-12-31 | $42.03 | $10.65 | x |
| 2016-12-31 | $56.45 | $10.65 | x |
| 2017-12-31 | $366.25 | $10.65 | x |
| 2018-12-31 | $475.22 | $10.65 | x |
| 2019-12-31 | $566.99 | $10.65 | x |
| 2020-12-31 | $579.09 | $10.65 | x |
| 2021-12-31 | $595.05 | $10.65 | x |
| 2022-12-31 | $687.59 | $10.65 | x |
| 2023-12-31 | $741.92 | $10.65 | x |
| 2024-12-31 | $705.68 | $10.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Noah Holdings Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.28%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.18x
- Recent ROE (4.78%) is below the historical average (16.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 62.63% | 10.78% | 0.50x | 11.51x | $2.12 Million |
| 2008 | -36.28% | -4.80% | 0.93x | 8.15x | $-3.50 Million |
| 2009 | 66.64% | 25.05% | 0.90x | 2.97x | $21.17 Million |
| 2010 | 8.76% | 30.45% | 0.25x | 1.13x | $-10.83 Million |
| 2011 | 14.89% | 33.22% | 0.40x | 1.12x | $49.45 Million |
| 2012 | 13.18% | 26.33% | 0.42x | 1.19x | $34.36 Million |
| 2013 | 23.23% | 31.41% | 0.55x | 1.35x | $179.92 Million |
| 2014 | 24.13% | 29.22% | 0.57x | 1.45x | $261.46 Million |
| 2015 | 21.15% | 25.28% | 0.52x | 1.62x | $282.43 Million |
| 2016 | 18.98% | 25.61% | 0.42x | 1.76x | $304.70 Million |
| 2017 | 17.22% | 26.99% | 0.44x | 1.47x | $320.00 Million |
| 2018 | 13.90% | 24.66% | 0.41x | 1.37x | $227.53 Million |
| 2019 | 11.82% | 24.45% | 0.35x | 1.40x | $127.80 Million |
| 2020 | -10.37% | -22.54% | 0.35x | 1.31x | $-1.46 Billion |
| 2021 | 16.34% | 30.61% | 0.39x | 1.35x | $510.05 Million |
| 2022 | 10.38% | 31.50% | 0.26x | 1.25x | $36.00 Million |
| 2023 | 9.79% | 30.64% | 0.26x | 1.23x | $-21.54 Million |
| 2024 | 4.78% | 18.28% | 0.22x | 1.18x | $-519.14 Million |
Industry Comparison
This section compares Noah Holdings Ltd's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,450,737,970
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Noah Holdings Ltd (NOAH) | $9.90 Billion | 62.63% | 0.17x | $704.80 Million |
| Acadian Asset Management Inc (AAMI) | $49.50 Million | 132.93% | 11.35x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $2.07 Billion | 13.23% | 0.00x | $3.60 Billion |
| Associated Capital Group Inc (AC) | $948.70 Million | 4.12% | 0.07x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $93.70 Million | 49.33% | 0.08x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $2.99 Million | -170.94% | 0.46x | $194.14 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $17.85 Million | -32.96% | 4.15x | $368.87 Million |
| Affiliated Managers Group Inc (AMG) | $3.52 Billion | 4.94% | 0.76x | $8.19 Billion |
| Ameriprise Financial Inc (AMP) | $5.99 Billion | 24.73% | 23.64x | $41.87 Billion |
| AMTD IDEA Group (AMTD) | $1.70 Billion | 3.00% | 0.22x | $44.19 Million |
| Artisan Partners Asset Management Inc (APAM) | $117.70 Million | 62.05% | 6.95x | $2.65 Billion |
About Noah Holdings Ltd
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. It operates through three segments: Wealth Management, Asset Management, and Other Services. The company offers invest… Read more