Nuveen Churchill Direct Lending (NCDL) vs Noah (NOAH)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Nuveen Churchill Direct Lending (NCDL) has outperformed Noah (NOAH) over the past year, losing 21.6% versus a loss of 34.9%. Noah is the larger company by market cap ($530.6 million vs $527.9 million), about 1.0 times the size. On valuation, Noah trades at a lower forward P/E (5.3x vs 7.0x for Nuveen Churchill Direct Lending).
Noah pays a dividend yielding 60.35%, while Nuveen Churchill Direct Lending does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NCDL | NOAH |
|---|---|---|
| Share price | $10.69 | $7.73 |
| Market cap | $527.95M | $530.63M |
| 1-day change | -1.93% | -0.39% |
| YTD return | -19.87% | -23.01% |
| 1-year return | -21.57% | -34.88% |
| 5-year return | — | -78.82% |
| P/E ratio (TTM) | 11.25 | 6.39 |
| Forward P/E | 6.96 | 5.32 |
| EPS (TTM) | $0.95 | $1.21 |
| Dividend yield | 14.22% | 60.35% |
| Annual dividend | $0.00 | $4.67 |
| 52-week high | $15.07 | $12.45 |
| 52-week low | $10.54 | $7.64 |
| Distance from 52-week high | -29.06% | -37.91% |
| Analyst consensus | none | none |
| Avg. price target upside | +28.16% | +37.39% |
| Average volume | 192.51K | 106.47K |
| Shares outstanding | 49.39M | 68.65M |
| Employees | — | 1,582 |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NCDL has outperformed NOAH by 13.3 percentage points over the past year.
- Nuveen Churchill Direct Lending trades at a higher earnings multiple (11.3x vs 6.4x trailing P/E).
- Noah offers a meaningfully higher dividend yield (60.35% vs 14.22%).
About Nuveen Churchill Direct Lending
NCDL stock →Nuveen Churchill Direct Lending Corp. (the Company) is business development company and was formed on March 13, 2018, as a limited liability company under the laws of the State of Delaware and was converted into a Maryland corporation on June 18, 2019 prior to the commencement of operations.
Financial Services · Asset Management
About Noah
NOAH stock →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 Domestic Public Securities, Domestic Asset Management, Domestic Insurance, Overseas Wealth Management, Overseas Asset Management, and Overseas Insurance and Comprehensive Services segments.
Financial Services · Asset Management · 1,582 employees
NCDL vs NOAH FAQ
Which is bigger, Nuveen Churchill Direct Lending or Noah?
Noah (NOAH) is larger, with a market capitalization of $530.63M compared with $527.95M for Nuveen Churchill Direct Lending (NCDL).
Which stock has performed better over the past year, NCDL or NOAH?
NCDL returned -21.57% over the past 12 months, compared with -34.88% for NOAH (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NCDL or NOAH?
NOAH has the lower trailing P/E at 6.4, versus 11.3 for NCDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Nuveen Churchill Direct Lending or Noah?
Noah has the higher yield at 60.35%, compared with 14.22% for Nuveen Churchill Direct Lending.
Are Nuveen Churchill Direct Lending and Noah in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.