Noah Holdings Ltd. (NOAH) vs ESGL Holdings Limited (OIO)

Noah Holdings Ltd. and ESGL Holdings Limited are both Asset Management companies. Noah Holdings Ltd. and ESGL Holdings Limited are of similar size ($584.3M and $538.3M). ESGL Holdings Limited has negative trailing earnings, so its P/E is not meaningful; Noah Holdings Ltd. trades at 6.3×. Noah Holdings Ltd. has the higher net margin (22.7% vs 0.00%) and the higher return on invested capital (12.3% vs 0.00%). Across the 12 metrics below, Noah Holdings Ltd. leads on 11 and ESGL Holdings Limited on 1.

Valuation

Metric NOAH OIO Asset Management median
P/E 6.34 n/m 14.62
P/S 1.41 n/m 2.97
P/B 0.38 0.09 0.94
Price to free cash flow 2.45 n/m 8.93
EV/EBITDA n/m n/m 10.32
EV/Sales (0.06) n/m 5.72
Earnings yield 15.76% (96.38%) 4.53%
Free cash flow yield 40.83% (214.02%) 4.65%

Profitability

Metric NOAH OIO Asset Management median
Gross margin 100.00% — 100.00%
Operating margin 33.71% 0.00% 33.03%
Net margin 22.67% 0.00% 13.53%
Free cash flow margin 57.74% 0.00% 12.44%
Return on equity 0.00% 0.00% 4.83%
Return on assets 5.17% 0.00% 1.57%
Return on invested capital 12.31% 0.00% 3.04%

Growth

Metric NOAH OIO Asset Management median
Revenue growth (TTM) 8.07% — 6.97%
EPS growth (last fiscal year) 23.91% (466.67%) —
Revenue growth, 5-year CAGR (5.93%) — 12.13%
Net income growth, 5-year CAGR 0.00% — 0.00%

Health

Metric NOAH OIO Asset Management median
Debt to equity 0.00 0.29 0.42
Current ratio 3.61 0.18 1.28
Net debt to EBITDA (5.39) (2.17) 1.06

Dividend

Metric NOAH OIO Asset Management median
Dividend yield 5.11% — 6.92%
Payout ratio 0.21 — 0.77

Size

Metric NOAH OIO Asset Management median
Market cap 538.32m 584.33m 721.34m

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