(FRHC) Freedom Holding - Overview
Sector: Financial Services | Industry: Financial Conglomerates | Exchange: NASDAQ (USA) | Market Cap: 9.279m USD | Total Return: 33.4% in 12m
Brokerage, Banking, Insurance, Trading, Research
Total Rating 46
Safety 27
Buy Signal 0.78
Financial Conglomerates
Industry Rotation: +2.4
Industry Rotation: +2.4
Market Cap:
9.28B
Avg Turnover: 11.8M USD
Avg Turnover: 11.8M USD
ATR:
3.40%
Peers RS (IBD): 64.8
Peers RS (IBD): 64.8
Risk 5d forecast
Volatility34.1%
Rel. Tail Risk-0.89%
Reward TTM
Sharpe Ratio0.74
Alpha-2.67
Character TTM
Beta0.933
Beta Downside1.686
Drawdowns 3y
Max DD41.08%
CAGR/Max DD0.74
EPS (Earnings per Share)
EPS CAGR: 31.34%
EPS Trend: 1.8%
EPS Trend: 1.8%
Last SUE: 0.00
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 107.89%
Rev. Trend: 56.9%
Rev. Trend: 56.9%
Last SUE: 4.00
Qual. Beats: 4
Qual. Beats: 4
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Description: FRHC Freedom Holding
Freedom Holding Corp. (FRHC) is a diversified financial services company. It operates in investment banking, brokerage, and retail/commercial banking sectors. The company offers a wide range of services including securities brokerage for various instruments like equities, bonds, and options. It also provides investment research and education.
FRHC’s business model includes underwriting services for corporate clients, facilitating Initial Public Offerings (IPOs) and debt capital markets solutions. This is a common practice for investment banks to help companies raise capital. Additionally, it provides margin lending and proprietary trading activities, which involve using the firms own capital to trade financial instruments.
The company has a significant international presence, operating in Kazakhstan, Armenia, Cyprus, and the United States. This geographic diversification is a key aspect of its strategy. Retail banking services, such as digital mortgages and auto loans, complement its investment offerings.
To deepen your understanding of FRHCs financial health and market position, consider exploring its detailed financials on ValueRay.
- Kazakhstan economic stability impacts brokerage revenue
- Global interest rates influence lending profitability
- Regulatory changes in international markets pose compliance risks
- Retail investor sentiment drives trading volumes
- Digital banking expansion increases customer acquisition costs
Piotroski VR‑10 (Strict)
4.5
| Net Income: 2.66m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.23 > 0.02 and ΔFCF/TA 16.59 > 1.0 |
| NWC/Revenue: 104.3% < 20% (prev 111.3%; Δ -6.99% < -1%) |
| CFO/TA 0.25 > 3% & CFO 3.07b > Net Income 2.66m |
| Net Debt (-966.1m) to EBITDA (542.6m): -1.78 < 3 |
| Current Ratio: 1.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (61.1m) vs 12m ago 0.93% < -2% |
| Gross Margin: 49.71% > 18% (prev 0.58%; Δ 4.91k% > 0.5%) |
| Asset Turnover: 19.68% > 50% (prev 22.03%; Δ -2.35% > 0%) |
| Interest Coverage Ratio: 1.08 > 6 (EBITDA TTM 542.6m / Interest Expense TTM 478.0m) |
Altman Z''
1.92
| A: 0.18 (Total Current Assets 10.81b - Total Current Liabilities 8.60b) / Total Assets 12.38b |
| B: 0.10 (Retained Earnings 1.23b / Total Assets 12.38b) |
| C: 0.05 (EBIT TTM 517.4m / Avg Total Assets 10.76b) |
| D: 0.10 (Book Value of Equity 1.09b / Total Liabilities 10.98b) |
| Altman-Z'' Score: 1.92 = BBB |
Beneish M
-0.61
| DSRI: 2.31 (Receivables 5.02b/2.06b, Revenue 2.12b/2.01b) |
| GMI: 1.17 (GM 49.71% / 58.11%) |
| AQI: 3.36 (AQ_t 0.10 / AQ_t-1 0.03) |
| SGI: 1.05 (Revenue 2.12b / 2.01b) |
| TATA: -0.25 (NI 2.66m - CFO 3.07b) / TA 12.38b) |
| Beneish M-Score: -0.61 (Cap -4..+1) = D |
What is the price of FRHC shares?
As of April 08, 2026, the stock is trading at USD 153.42 with a total of 128,694 shares traded.
Over the past week, the price has changed by +5.89%, over one month by +16.05%, over three months by +15.43% and over the past year by +33.39%.
Over the past week, the price has changed by +5.89%, over one month by +16.05%, over three months by +15.43% and over the past year by +33.39%.
Is FRHC a buy, sell or hold?
Freedom Holding has no consensus analysts rating.
What are the forecasts/targets for the FRHC price?
| Analysts Target Price | 76 | -50.5% |
Freedom Holding (FRHC) - Fundamental Data Overview
as of 06 April 2026
P/E Trailing = 7582.0 P/E Forward = 12.285
P/S = 6.2319
P/B = 6.6523
Revenue TTM = 2.12b USD
EBIT TTM = 517.4m USD
EBITDA TTM = 542.6m USD
Long Term Debt = 1.08b USD (from longTermDebt, last quarter)
Short Term Debt = 1.06b USD (from shortTermDebt, last quarter)
Debt = 2.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -966.1m USD (recalculated: Debt 2.17b - CCE 3.14b)
Enterprise Value = 8.31b USD (9.28b + Debt 2.17b - CCE 3.14b)
Interest Coverage Ratio = 1.08 (Ebit TTM 517.4m / Interest Expense TTM 478.0m)
EV/FCF = 2.91x (Enterprise Value 8.31b / FCF TTM 2.85b)
FCF Yield = 34.33% (FCF TTM 2.85b / Enterprise Value 8.31b)
FCF Margin = 134.8% (FCF TTM 2.85b / Revenue TTM 2.12b)
Net Margin = 0.13% (Net Income TTM 2.66m / Revenue TTM 2.12b)
Gross Margin = 49.71% ((Revenue TTM 2.12b - Cost of Revenue TTM 1.06b) / Revenue TTM)
Gross Margin QoQ = 57.59% (prev 52.46%)
Tobins Q-Ratio = 0.67 (Enterprise Value 8.31b / Total Assets 12.38b)
Interest Expense / Debt = 5.88% (Interest Expense 127.9m / Debt 2.17b)
Taxrate = 18.85% (17.7m / 93.9m)
NOPAT = 419.9m (EBIT 517.4m * (1 - 18.85%))
Current Ratio = 1.26 (Total Current Assets 10.81b / Total Current Liabilities 8.60b)
Debt / Equity = 1.56 (Debt 2.17b / totalStockholderEquity, last quarter 1.39b)
Debt / EBITDA = -1.78 (Net Debt -966.1m / EBITDA 542.6m)
Debt / FCF = -0.34 (Net Debt -966.1m / FCF TTM 2.85b)
Total Stockholder Equity = 1.26b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.02% (Net Income 2.66m / Total Assets 12.38b)
RoE = 0.21% (Net Income TTM 2.66m / Total Stockholder Equity 1.26b)
RoCE = 22.11% (EBIT 517.4m / Capital Employed (Equity 1.26b + L.T.Debt 1.08b))
RoIC = 13.55% (NOPAT 419.9m / Invested Capital 3.10b)
WACC = 8.41% (E(9.28b)/V(11.45b) * Re(9.26%) + D(2.17b)/V(11.45b) * Rd(5.88%) * (1-Tc(0.19)))
Discount Rate = 9.26% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.53%
[DCF] Terminal Value 80.27% ; FCFF base≈1.95b ; Y1≈2.40b ; Y5≈4.10b
[DCF] Fair Price = 1.08k (EV 65.00b - Net Debt -966.1m = Equity 65.97b / Shares 61.2m; r=8.41% [WACC]; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 1.78 | EPS CAGR: 31.34% | SUE: 0.0 | # QB: 0
Revenue Correlation: 56.89 | Revenue CAGR: 107.9% | SUE: 4.0 | # QB: 4
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