NOAH
Valuation Ratios
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Price to Earnings | 1.72 | 0.95 | 1.08 | 1.57 |
| Price to Sales | 0.32 | 0.29 | 0.34 | 0.48 |
| Book Value Per Common Share | 30.10 | 30.81 | 30.05 | 35.59 |
| Price to Book | 0.39 | 0.45 | 0.52 | 0.86 |
| Price to Operating Cash Flow | 2.12 | 0.73 | 1.67 | 1.35 |
| Price to Free Cash Flow | 2.69 | 0.83 | 1.86 | -2.75 |
| Enterprise Value to EBITDA | 48931.79 | 36788.23 | 38984.88 | 51538.84 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Price to Earnings | 3.69 | 4.66 | 4.44 | 7.51 | 6.46 |
| Price to Sales | 1.27 | 1.32 | 1.07 | 1.26 | 1.27 |
| Book Value Per Common Share | 29.71 | 29.01 | 30.18 | 30.10 | 29.43 |
| Price to Book | 0.39 | 0.41 | 0.31 | 0.39 | 0.42 |
| Price to Operating Cash Flow | |||||
| Price to Free Cash Flow | |||||
| Enterprise Value to EBITDA | 223085.30 | 245237.14 | 169791.41 | 281187.63 | 168469.12 |
Earnings Data
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Earning YoY | -53.26 | 1.82 | -26.94 | |
| Revenue YoY | -21.06 | 6.27 | -27.78 | |
| EBITDA YoY | -37.06 | 0.93 | -7.51 | |
| Net Profit YoY | -52.90 | 3.37 | -25.69 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Earning YoY | 22.66 | 20.19 | 36.54 | -18.32 | |
| Revenue YoY | 0.54 | 2.43 | -5.72 | -4.65 | |
| EBITDA YoY | 6.74 | -13.43 | 35.21 | -42.87 | |
| Net Profit YoY | 22.35 | 19.88 | 35.73 | -18.35 |
Financial Strength
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Cash Per Common Share | 72.64 | 80.20 | 69.07 | 52.07 |
| Quick Ratio | 4.37 | 3.57 | 3.22 | 2.34 |
| Current Ratio | 4.53 | 3.76 | 3.32 | 2.42 |
| Debt to Equity | 0.18 | 0.22 | 0.24 | 0.34 |
| Long-Term Debt to Equity | 0.03 | 0.04 | 0.04 | 0.06 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Cash Per Common Share | 71.75 | 77.73 | 77.12 | 72.51 | 67.30 |
| Quick Ratio | 4.52 | 3.71 | 4.65 | 4.37 | 4.25 |
| Current Ratio | 4.77 | 3.85 | 4.81 | 4.53 | 4.43 |
| Debt to Equity | 0.17 | 0.22 | 0.17 | 0.18 | 0.18 |
| Long-Term Debt to Equity | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 |
Profitability
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| ROA | 4.04 | 7.96 | 8.28 | 12.07 |
| ROE | 4.75 | 9.68 | 10.28 | 16.14 |
| Gross Margin | 48.12 | 55.78 | 53.49 | 49.48 |
| Operating Margin | 24.37 | 33.32 | 35.11 | 27.93 |
| EBITDA Margin | 30.40 | 38.12 | 40.14 | 31.34 |
| Net Profit Margin | 18.28 | 30.64 | 31.50 | 30.61 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| ROA | 1.89 | 1.52 | 1.25 | 0.93 | 1.17 |
| ROE | 2.21 | 1.85 | 1.47 | 1.10 | 1.37 |
| Gross Margin | 80.07 | 52.46 | 80.06 | 19.23 | 79.95 |
| Operating Margin | 27.16 | 25.58 | 30.27 | 21.10 | 35.22 |
| EBITDA Margin | 27.16 | 25.58 | 30.27 | 21.10 | 35.22 |
| Net Profit Margin | 34.52 | 28.37 | 24.24 | 16.84 | 19.66 |
Dividends
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Dividend Yield | 0.00 | 0.00 | ||
| Dividend Payout Ratio | 211.98 | 17.58 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Dividend Yield | |||||
| Dividend Payout Ratio |
Financial Statements
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Assets | 11,778,845.00 | 12,685,378.00 | 11,798,135.00 | 10,889,789.00 |
| Current Assets | 6,474,731.00 | 7,117,056.00 | 6,317,146.00 | 5,516,810.00 |
| Cash and Short-Term Investments | 5,096,948.00 | 5,571,583.00 | 4,719,894.00 | 3,497,406.00 |
| Cash and Cash Equivalents | 3,822,339.00 | 5,192,127.00 | 4,403,915.00 | 3,404,603.00 |
| Short-Term Investments | 1,274,609.00 | 379,456.00 | 315,979.00 | 92,803.00 |
| Net Receivables | 1,142,122.00 | 1,184,790.00 | 1,407,310.00 | 1,855,184.00 |
| Inventory | 0 | 0 | 0 | 0 |
| Other Current Assets | 235,661.00 | 360,683.00 | 189,942.00 | 164,220.00 |
| Non-Current Assets | 5,304,114.00 | 5,568,322.00 | 5,480,989.00 | 5,372,979.00 |
| Property, Plant, Equipment Net | 2,503,362.00 | 2,621,218.00 | 2,654,509.00 | 2,804,587.00 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2,344,255.00 | 2,337,028.00 | 2,265,915.00 | 2,070,655.00 |
| Non-Current Deferred Assets | 319,206.00 | 431,494.00 | 436,441.00 | 335,905.00 |
| Other Non-Current Assets | 137,291.00 | 178,582.00 | 124,124.00 | 161,832.00 |
| Liabilities | 1,766,105.00 | 2,257,815.00 | 2,297,660.00 | 2,748,148.00 |
| Current Liabilities | 1,429,276.00 | 1,891,218.00 | 1,904,961.00 | 2,283,038.00 |
| Payables and Expenses | 797,368.00 | 1,232,255.00 | 1,143,931.00 | 1,661,705.00 |
| Account Payables | 122,623.00 | 104,484.00 | 117,146.00 | 71,590.00 |
| Current Accrued Liabilities | 473,483.00 | 658,140.00 | 813,527.00 | 1,211,759.00 |
| Short-Term Debt | 44,888.00 | 61,826.00 | 84,358.00 | 91,288.00 |
| Other Current Liabilities | 587,020.00 | 597,137.00 | 676,672.00 | 530,045.00 |
| Non-Current Liabilities | 336,829.00 | 366,597.00 | 392,699.00 | 465,110.00 |
| Long-Term Debt | 75,725.00 | 76,533.00 | 83,171.00 | 130,956.00 |
| Other Non-Current Liabilities | 261,104.00 | 290,064.00 | 309,528.00 | 334,154.00 |
| Equity | 10,012,740.00 | 10,427,563.00 | 9,500,475.00 | 8,141,641.00 |
| Shareholders Equity | 9,945,848.00 | 10,310,334.00 | 9,405,696.00 | 8,040,775.00 |
| Capital Stock | 113.00 | 110.00 | 105.00 | 104.00 |
| Share Premium | 3,907,992.00 | 3,798,662.00 | 3,803,183.00 | 3,534,741.00 |
| Retained Earnings | 5,904,540.00 | 6,436,946.00 | 5,604,954.00 | 5,187,323.00 |
| Treasury Shares | 53,345.00 | 0 | 0 | 541,379.00 |
| Accumulated Other Comprehensive Income | 186,548.00 | 74,616.00 | -2,546.00 | -140,014.00 |
| Minority Interest | 66,892.00 | 117,229.00 | 94,779.00 | 100,866.00 |
| Debt | 120,613.00 | 138,359.00 | 167,529.00 | 222,244.00 |
| Common Shares Outstanding | 330,393.53 | 334,622.33 | 313,019.32 | 225,959.55 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Revenues | 2,600,982.00 | 3,294,696.00 | 3,100,372.00 | 4,293,094.00 |
| Cost Of Revenue | 1,349,451.00 | 1,456,753.00 | 1,441,882.00 | 2,168,880.00 |
| Interest Income | 155,751.00 | 161,926.00 | 61,416.00 | 71,866.00 |
| Non-Interest Expense | 565,789.00 | 761,505.00 | 584,333.00 | 820,452.00 |
| Gross Profit | 1,251,531.00 | 1,837,943.00 | 1,658,490.00 | 2,124,214.00 |
| Operating Expenses | 617,642.00 | 740,028.00 | 570,041.00 | 925,316.00 |
| Selling, General and Administrative Expenses | 565,789.00 | 761,505.00 | 584,333.00 | 820,452.00 |
| Other Operating Expenses | 27,971.00 | -14,449.00 | -13,868.00 | -8,095.00 |
| Operating Income | 633,889.00 | 1,097,915.00 | 1,088,449.00 | 1,198,898.00 |
| Net Non-Operating Income | 1,359.00 | 10,892.00 | 13,130.00 | -18,240.00 |
| EBT | 867,605.00 | 1,209,247.00 | 1,149,549.00 | 1,298,042.00 |
| Income Tax | 268,591.00 | 262,360.00 | 267,108.00 | 293,940.00 |
| Net Income Including Non-Controlling Interests | 487,004.00 | 1,001,015.00 | 971,589.00 | 1,306,081.00 |
| Net Income Non-Controlling Interests | -11,559.00 | 8,479.00 | 4,982.00 | 8,050.00 |
| Net Income | 475,445.00 | 1,009,494.00 | 976,571.00 | 1,314,131.00 |
| EBIT | 633,889.00 | 1,097,915.00 | 1,088,449.00 | 1,198,898.00 |
| Deprecation and Amortization | 156,683.00 | 158,082.00 | 155,968.00 | 146,567.00 |
| EBITDA | 790,572.00 | 1,255,997.00 | 1,244,417.00 | 1,345,465.00 |
| EPS | 0.01 | 0.01 | 0.01 | 0.02 |
| Diluted EPS | 0.01 | 0.01 | 0.01 | 0.02 |
| Average Shares Outstanding Basic | 70,169.53 | 69,473.97 | 68,332.03 | 67,171.64 |
| Average Shares Outstanding Diluted | 70,470.25 | 69,473.97 | 68,396.14 | 67,563.55 |
| Breakdown | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|
| Operating Cash Flow | 387,336.00 | 1,318,320.00 | 632,901.00 | 1,521,838.00 |
| Operating Net Income | 487,004.00 | 1,001,015.00 | 971,589.00 | 1,306,081.00 |
| Deprecation and Amortization | 156,683.00 | 158,082.00 | 155,968.00 | 146,567.00 |
| Deferred Income Tax | 0 | 0 | -84,904.00 | -119,606.00 |
| Share Based Compensation | 109,030.00 | 11,530.00 | 42,300.00 | 70,945.00 |
| Change in Working Capital | -594,363.00 | 26,263.00 | -509,779.00 | 71,812.00 |
| Other Operating Activities | 0 | 0 | 57,727.00 | 46,039.00 |
| Investing Cash Flow | -840,819.00 | -247,141.00 | 74,289.00 | -2,572,094.00 |
| Capital Expenditure | 0 | 0 | 0 | 0 |
| Net Purchase/Sale of PPE | -82,175.00 | -157,922.00 | -62,710.00 | -2,232,371.00 |
| Net Purchase/Sale of Investments Net | -966,605.00 | -234,979.00 | -18,187.00 | -7,359.00 |
| Net Purchase/Sale of Business | 12,329.00 | -14,740.00 | -8,082.00 | -436.00 |
| Other Investing Activities | 195,632.00 | 160,500.00 | 163,268.00 | -331,928.00 |
| Financing Cash Flow | -1,134,204.00 | -199,835.00 | 233,761.00 | -513,121.00 |
| Net Issuance/Repayment of Debt | 0 | 0 | 0 | 0 |
| Net Issuance/Repurchase of Equity | -53,345.00 | 0 | 247,015.00 | -372,376.00 |
| Dividends Paid | -1,007,851.00 | -177,502.00 | 0 | 0 |
| Other Financing Activities | -73,008.00 | -22,333.00 | -13,254.00 | -140,745.00 |
| Net Change in Cash | -1,587,687.00 | 871,344.00 | 940,951.00 | -1,563,377.00 |
| Cash at Beginning of Period | 5,354,060.00 | 4,434,618.00 | 3,412,613.00 | 5,022,704.00 |
| Cash at End of Period | 3,838,535.00 | 5,354,060.00 | 4,434,618.00 | 3,412,613.00 |
| Free Cash Flow | 305,161.00 | 1,160,398.00 | 570,191.00 | -749,378.00 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Assets | 11,545,942.00 | 11,744,882.00 | 11,873,712.00 | 11,778,845.00 | 11,521,125.00 |
| Current Assets | 6,376,267.00 | 6,776,362.00 | 6,719,022.00 | 6,474,731.00 | 6,093,338.00 |
| Cash and Short-Term Investments | 4,994,777.00 | 5,424,208.00 | 5,391,548.00 | 5,096,948.00 | 4,733,672.00 |
| Cash and Cash Equivalents | 3,837,367.00 | 3,821,846.00 | 4,075,358.00 | 3,822,339.00 | 3,435,758.00 |
| Short-Term Investments | 1,157,410.00 | 1,602,362.00 | 1,316,190.00 | 1,274,609.00 | 1,297,914.00 |
| Net Receivables | 1,044,720.00 | 1,117,861.00 | 1,101,473.00 | 1,142,122.00 | 1,107,429.00 |
| Inventory | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 336,770.00 | 234,293.00 | 226,001.00 | 235,661.00 | 252,237.00 |
| Non-Current Assets | 5,169,675.00 | 4,968,520.00 | 5,154,690.00 | 5,304,114.00 | 5,427,787.00 |
| Property, Plant, Equipment Net | 2,476,733.00 | 2,456,175.00 | 2,482,657.00 | 2,503,362.00 | 2,516,873.00 |
| Goodwill | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 2,255,267.00 | 2,075,216.00 | 2,217,967.00 | 2,344,255.00 | 2,365,073.00 |
| Non-Current Deferred Assets | 317,007.00 | 317,124.00 | 317,107.00 | 319,206.00 | 400,447.00 |
| Other Non-Current Assets | 120,668.00 | 120,005.00 | 136,959.00 | 137,291.00 | 145,394.00 |
| Liabilities | 1,647,295.00 | 2,083,119.00 | 1,718,783.00 | 1,766,105.00 | 1,718,084.00 |
| Current Liabilities | 1,337,597.00 | 1,761,513.00 | 1,396,509.00 | 1,429,276.00 | 1,373,981.00 |
| Payables and Expenses | 463,262.00 | 930,112.00 | 497,552.00 | 797,368.00 | 400,418.00 |
| Account Payables | 0 | 0 | 0 | 122,623.00 | 0 |
| Current Accrued Liabilities | 346,233.00 | 324,621.00 | 422,444.00 | 473,483.00 | 270,282.00 |
| Short-Term Debt | 0 | 0 | 0 | 44,888.00 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 587,020.00 | 0 |
| Non-Current Liabilities | 309,698.00 | 321,606.00 | 322,274.00 | 336,829.00 | 344,103.00 |
| Long-Term Debt | 59,634.00 | 69,597.00 | 64,066.00 | 75,725.00 | 77,652.00 |
| Other Non-Current Liabilities | 250,064.00 | 252,009.00 | 258,208.00 | 261,104.00 | 266,451.00 |
| Equity | 9,898,647.00 | 9,661,763.00 | 10,154,929.00 | 10,012,740.00 | 9,803,041.00 |
| Shareholders Equity | 9,831,755.00 | 9,594,871.00 | 10,088,037.00 | 9,945,848.00 | 9,685,812.00 |
| Capital Stock | 0 | 0 | 0 | 113.00 | 0 |
| Share Premium | 0 | 0 | 0 | 3,907,992.00 | 0 |
| Retained Earnings | 0 | 0 | 0 | 5,904,540.00 | 0 |
| Treasury Shares | 0 | 0 | 0 | 53,345.00 | 0 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 186,548.00 | 0 |
| Minority Interest | 0 | 0 | 0 | 66,892.00 | 0 |
| Debt | 59,634.00 | 69,597.00 | 64,066.00 | 120,613.00 | 77,652.00 |
| Common Shares Outstanding | 330,892.14 | 330,778.15 | 334,263.37 | 330,393.53 | 329,070.39 |
| Breakdown | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|
| Revenues | 632,899.00 | 629,501.00 | 614,594.00 | 651,907.00 | 683,686.00 |
| Cost Of Revenue | 126,159.00 | 299,267.00 | 122,568.00 | 526,574.00 | 137,082.00 |
| Interest Income | 28,683.00 | 33,505.00 | 32,801.00 | 38,563.00 | 28,416.00 |
| Non-Interest Expense | 334,152.00 | 133,507.00 | 296,840.00 | -20,542.00 | 311,091.00 |
| Gross Profit | 506,740.00 | 330,234.00 | 492,026.00 | 125,333.00 | 546,604.00 |
| Operating Expenses | 334,853.00 | 169,208.00 | 306,018.00 | -12,241.00 | 305,790.00 |
| Selling, General and Administrative Expenses | 334,152.00 | 133,507.00 | 296,840.00 | -20,542.00 | 311,091.00 |
| Other Operating Expenses | -3,963.00 | -5,527.00 | 6,368.00 | -10,593.00 | -10,717.00 |
| Operating Income | 171,887.00 | 161,026.00 | 186,008.00 | 137,574.00 | 240,814.00 |
| Net Non-Operating Income | -20,813.00 | 14,391.00 | -3,081.00 | 43,829.00 | -43,577.00 |
| EBT | 201,682.00 | 194,984.00 | 221,998.00 | 253,177.00 | 241,987.00 |
| Income Tax | 67,471.00 | 63,690.00 | 60,605.00 | 96,612.00 | 89,036.00 |
| Net Income Including Non-Controlling Interests | 218,860.00 | 178,537.00 | 149,819.00 | 113,681.00 | 137,767.00 |
| Net Income Non-Controlling Interests | -366.00 | 39.00 | -855.00 | -3,930.00 | -3,351.00 |
| Net Income | 218,494.00 | 178,576.00 | 148,964.00 | 109,751.00 | 134,416.00 |
| EBIT | 171,887.00 | 161,026.00 | 186,008.00 | 137,574.00 | 240,814.00 |
| EBITDA | 171,887.00 | 161,026.00 | 186,008.00 | 137,574.00 | 240,814.00 |
| EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Diluted EPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Average Shares Outstanding Basic | 69,617.96 | 69,778.57 | 69,913.96 | 70,296.59 | 70,334.78 |
| Average Shares Outstanding Diluted | 70,324.54 | 70,174.75 | 70,600.40 | 70,901.80 | 70,396.50 |
| Breakdown |
|---|
| Operating Cash Flow |
| Operating Net Income |
| Deprecation and Amortization |
| Deferred Income Tax |
| Share Based Compensation |
| Change in Working Capital |
| Other Operating Activities |
| Investing Cash Flow |
| Capital Expenditure |
| Net Purchase/Sale of PPE |
| Net Purchase/Sale of Investments Net |
| Net Purchase/Sale of Business |
| Other Investing Activities |
| Financing Cash Flow |
| Net Issuance/Repayment of Debt |
| Net Issuance/Repurchase of Equity |
| Dividends Paid |
| Other Financing Activities |
| Net Change in Cash |
| Cash at Beginning of Period |
| Cash at End of Period |
| Free Cash Flow |