Noah Holdings Ltd. (NOAH) vs BLACKROCK TCP CAPITAL CORP. (TCPC)
- Noah Holdings Ltd. NOAH 7.22 −1.77%
- BLACKROCK TCP CAPITAL CORP. TCPC 4.16 −1.42%
Noah Holdings Ltd. and BLACKROCK TCP CAPITAL CORP. are both Asset Management companies. Noah Holdings Ltd. is the larger, with a market value of $494.6M against $354.1M — 1.4× the size. BLACKROCK TCP CAPITAL CORP. has negative trailing earnings, so its P/E is not meaningful; Noah Holdings Ltd. trades at 5.8×. Noah Holdings Ltd. grew revenue faster over the last twelve months: 8.07% against −26.1%. Noah Holdings Ltd. has the higher net margin (22.7% vs −61.3%) and the higher return on invested capital (12.3% vs 4.15%). Both pay a dividend; Noah Holdings Ltd. yields more (19.1% vs 18.3%). Across the 18 metrics below, Noah Holdings Ltd. leads on 12 and BLACKROCK TCP CAPITAL CORP. on 6.
Valuation
Profitability
| Metric | NOAH | TCPC | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 33.71% | 84.51% | 33.42% |
| Net margin | 22.67% | (61.27%) | 13.37% |
| Free cash flow margin | 57.74% | 225.77% | 12.36% |
| Return on equity | 0.00% | (16.78%) | 4.79% |
| Return on assets | 5.17% | (6.36%) | 1.55% |
| Return on invested capital | 12.31% | 4.15% | 2.97% |
Growth
Health
Dividend
Size
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