A Business at a Glance
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Freedom Holding Corp.
FRHC
$9.1B
Mkt Cap
$151.02
-2.24%
Freedom Holding Corp. (FRHC) has a current P/E ratio of 107.9, compared to its historical median P/E of 20.7. The stock is currently considered Expensive based on its historical valuation range.
Freedom Holding Corp. (FRHC) has a 5-year average return on invested capital (ROIC) of 40.3%. This indicates strong capital allocation and a potential competitive advantage.
Freedom Holding Corp. (FRHC) has a market capitalization of $9.2B. It is classified as a mid-cap stock.
Freedom Holding Corp. (FRHC) does not currently pay a regular dividend.
Based on historical P/E analysis, Freedom Holding Corp. (FRHC) appears expensive. The current P/E of 107.9 is 421% above its historical median of 20.7. The estimated fair value CAGR (P/E method) is 40.5%.
Freedom Holding Corp. (FRHC) operates in the Security Brokers, Dealers & Flotation Companies industry, within the Financials sector.
Freedom Holding Corp. (FRHC) reported annual revenue of $2.1 billion in its most recent fiscal year, based on SEC EDGAR filings.
Freedom Holding Corp. ("FRHC") is organized under the laws of the State of Nevada and acts as a holding company for all of our subsidiaries. Our subsidiaries engage in a broad range of activities including securities brokerage, securities dealing for customers and for our own account, market making activities, investment research, investment counseling, retail and commercial banking, and insurance products. We also own several ancillary businesses and lifestyle solutions, which complement our core financial services businesses, including payment and information processing services, entertainment and travel ticketing services, e-commerce business, and telecommunications and media businesses in Kazakhstan that are in a developmental stage. Our mission has always been to democratize access to financial markets for global customers.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.1B | 2.1B | 1.7B | 799M | 690M | 347M |
| Net Income | 2.7M | 85M | 376M | 205M | 227M | 142M |
| EPS | $0.04 | $1.40 | $6.33 | $3.45 | $3.84 | $2.56 |
| Free Cash Flow | 2.9B | 1.6B | -1.1B | 913M | -412M | 528M |
| ROIC | 0.0% | 7.1% | 38.7% | 30.8% | 54.7% | 69.9% |
| Gross Margin | - | 40.2% | 63.9% | 63.7% | 67.6% | 54.0% |
| Debt/Equity | 0.77 | 7.16 | 6.13 | 5.55 | 0.00 | 0.05 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 113M | 435M | 236M | 364M | 152M |
| Operating Margin | 0.0% | 5.5% | 26.1% | 29.5% | 52.7% | 43.8% |
| ROE | 0.2% | 7.1% | 38.7% | 30.8% | 54.8% | 70.0% |
| Shares Outstanding | 61M | 60M | 59M | 59M | 59M | 56M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 0 | 0 | 0 | 0 | 55M | 74M | 83M | 347M | 690M | 799M | 1.7B | 2.1B | 2.1B |
| Gross Margin | N/A | N/A | N/A | N/A | 65.7% | 40.6% | 74.3% | 54.0% | 67.6% | 63.7% | 63.9% | 40.2% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.5M | 80K | 268K | 214K | 2.1M | 6.2M | 22M | 11M | 24M | 60M | 121M | 162M | 150M |
| EBIT | -1.6M | -80K | -494K | -582K | 20M | -8.3M | 29M | 152M | 364M | 236M | 435M | 113M | 0 |
| Op. Margin | N/A | N/A | N/A | N/A | 35.7% | -11.2% | 34.9% | 43.8% | 52.7% | 29.5% | 26.1% | 5.5% | 0.0% |
| Net Income | -1.6M | -19K | -492K | -578K | 19M | 7.1M | 25M | 142M | 227M | 205M | 376M | 85M | 2.7M |
| Net Margin | N/A | N/A | N/A | N/A | 34.8% | 9.6% | 29.8% | 41.0% | 33.0% | 25.7% | 22.5% | 4.1% | 0.1% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 1.5M | -201K | 0 | 2.3M | 0 | 0 | 4.2M | 4.2M |
| Returns on Capital | |||||||||||||
| ROIC | -14.6% | -0.7% | N/M | N/A | 22.5% | 5.8% | 20.1% | 69.9% | 54.7% | 30.8% | 38.7% | 7.1% | 0.0% |
| ROE | N/A | N/A | -467.9% | N/A | 22.5% | 5.8% | 20.1% | 70.0% | 54.8% | 30.8% | 38.7% | 7.1% | 0.2% |
| ROA | -16.4% | -0.2% | -5.7% | -6.7% | 11.4% | 2.1% | 6.2% | 11.1% | 8.5% | 4.9% | 5.6% | 0.9% | 0.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -1.8M | 40K | -539K | -369K | -19M | 58M | 83M | 529M | -406M | 952M | -1.1B | 1.7B | 3.1B |
| Free Cash Flow | -1.8M | 40K | -539K | -369K | -21M | 53M | 81M | 528M | -412M | 913M | -1.1B | 1.6B | 2.9B |
| Owner Earnings | -1.9M | 40K | -542K | -372K | -21M | 54M | 81M | 527M | -416M | 938M | -1.1B | 1.6B | 3.0B |
| CapEx | 0 | 0 | 0 | 0 | 2.0M | 5.0M | 2.0M | 1.5M | 5.6M | 39M | 44M | 95M | 218M |
| Maint. CapEx | 98K | 0 | 3K | 3K | 233K | 790K | 746K | 2.1M | 2.3M | 4.1M | 6.8M | 12M | 20M |
| Growth CapEx | N/A | N/A | 0 | N/A | 1.7M | 4.2M | 1.2M | 0 | 3.4M | 34M | 37M | 83M | 197M |
| D&A | 98K | 0 | 3K | 3K | 233K | 790K | 746K | 2.1M | 2.3M | 4.1M | 6.8M | 12M | 20M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | 8.5% | 10.5% | 0.4% | N/A | N/A | N/A | 5.7% | 7.1% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | N/A | N/A | N/A | 0 | 1.6M | 3.5M | 423K | 114K | 7.9M | 9.3M | 23M | 60M | 77M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | N/A | N/A | N/A | -153M | -155M | -387M | N/A | N/A | N/A | -315M |
| Cash & Equiv. | 0 | 8.6M | 8.6M | 8.6M | 66M | 50M | 11M | 169M | 225M | 581M | 545M | 837M | 1.4B |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | 0 | 523K | 0 | N/A | N/A | N/A | 1.1B |
| Debt/Equity | N/A | -227.47 | 81.63 | N/A | 1.69 | 1.98 | 0.11 | 0.05 | 0.00 | 5.55 | 6.13 | 7.16 | 0.77 |
| Interest Coverage | N/A | N/A | N/A | N/A | 1.4 | -0.6 | 2.9 | 6.8 | 4.7 | 1.1 | 0.9 | 0.2 | 0.2 |
| Equity | 0 | -38K | 105K | N/A | 127M | 118M | 129M | 277M | 554M | 777M | 1.2B | 1.2B | 1.4B |
| Total Assets | 8.6M | 8.6M | 8.7M | 8.6M | 330M | 351M | 454M | 2.1B | 3.2B | 5.1B | 8.3B | 9.9B | 12.4B |
| Total Liabilities | 8.6M | 8.7M | 8.6M | N/A | 215M | 233M | 324M | 1.8B | 2.7B | 4.3B | 7.1B | 8.7B | 11.0B |
| Intangibles | N/A | N/A | N/A | N/A | N/A | 4.2M | 3.4M | 3.9M | 5.2M | 18M | 48M | 54M | 66M |
| Retained Earnings | -89M | -89M | -631K | -1.2M | 35M | 41M | 66M | 209M | 442M | 647M | 999M | 1.1B | 1.2B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | -0.03 | 0.00 | -0.00 | 0.00 | 0.58 | 0.12 | 0.43 | 2.56 | 3.84 | 3.45 | 6.33 | 1.40 | 0.04 |
| Owner EPS | -0.04 | 0.00 | -0.00 | N/A | -0.63 | 0.91 | 1.41 | 9.48 | -7.03 | 15.78 | -18.44 | 26.62 | 48.61 |
| Book Value | 0.00 | -0.00 | 0.00 | N/A | 3.83 | 1.97 | 2.23 | 4.99 | 9.34 | 13.07 | 19.61 | 20.08 | 22.80 |
| Cash Flow/Share | -0.03 | 0.00 | -0.00 | N/A | -0.58 | 0.98 | 1.43 | 9.52 | -6.86 | 16.01 | -17.94 | 27.80 | 0.37 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 52.4M | 55.8M | 490.0M | N/A | 33.2M | 59.6M | 57.8M | 55.6M | 59.2M | 59.5M | 59.3M | 60.5M | 61.2M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | 19.5 | 70.5 | 37.7 | 21.4 | 16.1 | 20.0 | 11.1 | 94.0 | N/A |
| P/FCF | N/A | N/A | N/A | N/A | N/A | 9.6 | 10.3 | 5.5 | N/A | 4.5 | N/A | 5.0 | 3.2 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | 32.3 | 15.8 | 10.1 | 7.8 | 4.2 | 11.7 | N/A |
| Price/Book | N/A | N/A | N/A | N/A | 3.3 | 4.3 | 7.3 | 11.0 | 6.6 | 5.3 | 3.6 | 6.6 | 6.6 |
| Price/Sales | N/A | N/A | N/A | N/A | 7.9 | 6.1 | 6.7 | 6.8 | 5.3 | 4.2 | N/A | N/A | 4.5 |
| FCF Yield | N/A | N/A | N/A | N/A | -5.7% | 10.6% | 8.6% | 17.4% | -11.2% | 22.2% | -26.5% | 19.9% | 30.9% |
| Market Cap | N/A | N/A | N/A | N/A | 374M | 504M | 936M | 3.0B | 3.7B | 4.1B | 4.2B | 8.0B | 9.2B |
| Avg. Price | N/A | N/A | N/A | N/A | 7.51 | 7.80 | 12.47 | 30.89 | 61.47 | 56.03 | 80.61 | 102.79 | 151.02 |
| Year-End Price | N/A | N/A | N/A | N/A | 6.45 | 8.64 | 14.32 | 51.90 | 61.88 | 69.08 | 70.57 | 131.63 | 151.02 |
Freedom Holding Corp. passes 6 of 9 quality checks, suggesting mixed fundamentals.
Freedom Holding Corp. trades at 107.9x trailing earnings, compared to its 15-year median P/E of 20.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 5.8x vs a median of 5.5x. The company's 5-year average ROIC is 40.3% with a gross margin of 57.9%. At current prices, the estimated annualized return to fair value is +65.8%.
Freedom Holding Corp. (FRHC) has a net profit margin of 4.1%. This is a modest margin.
Freedom Holding Corp. (FRHC) generated $1.6 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Freedom Holding Corp. (FRHC) has a debt-to-equity ratio of 7.16. This indicates higher leverage, which may increase financial risk.
Freedom Holding Corp. (FRHC) reported earnings per share (EPS) of $1.40 in its most recent fiscal year.
Freedom Holding Corp. (FRHC) has a return on equity (ROE) of 7.1%. This indicates moderate shareholder returns.
Freedom Holding Corp. (FRHC) has a 5-year average gross margin of 57.9%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for Freedom Holding Corp. (FRHC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Freedom Holding Corp. (FRHC) has a book value per share of $20.08, based on its most recent annual SEC filing.