FRHC Stock Overview
Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting services.
No risks detected for FRHC from our risk checks.
Freedom Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$44.35|
|52 Week High||US$72.43|
|52 Week Low||US$38.17|
|1 Month Change||4.18%|
|3 Month Change||-24.83%|
|1 Year Change||-32.40%|
|3 Year Change||304.65%|
|5 Year Change||5,716.39%|
|Change since IPO||35,380.00%|
Recent News & Updates
Here's Why We Think Freedom Holding (NASDAQ:FRHC) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Do Freedom Holding's (NASDAQ:FRHC) Earnings Warrant Your Attention?
Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
|FRHC||US Capital Markets||US Market|
Return vs Industry: FRHC underperformed the US Capital Markets industry which returned -20.4% over the past year.
Return vs Market: FRHC underperformed the US Market which returned -20.8% over the past year.
|FRHC Average Weekly Movement||5.7%|
|Capital Markets Industry Average Movement||0.5%|
|Market Average Movement||8.1%|
|10% most volatile stocks in US Market||16.8%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: FRHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FRHC's weekly volatility (6%) has been stable over the past year.
About the Company
Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting services. The company offers investment brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; margin lending services collateralized by securities and cash in the customer’s account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital auto loans, as well as insurance products. It also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations.
Freedom Holding Fundamentals Summary
|FRHC fundamental statistics|
Is FRHC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|FRHC income statement (TTM)|
|Cost of Revenue||US$242.82m|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||3.66|
|Net Profit Margin||41.40%|
How did FRHC perform over the long term?See historical performance and comparison
Is FRHC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for FRHC?
Other financial metrics that can be useful for relative valuation.
|What is FRHC's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does FRHC's PE Ratio compare to its peers?
|FRHC PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
PIPR Piper Sandler Companies
FUTU Futu Holdings
RILY B. Riley Financial
FRHC Freedom Holding
Price-To-Earnings vs Peers: FRHC is good value based on its Price-To-Earnings Ratio (12.1x) compared to the peer average (12.1x).
Price to Earnings Ratio vs Industry
How does FRHC's PE Ratio compare vs other companies in the US Capital Markets Industry?
Price-To-Earnings vs Industry: FRHC is good value based on its Price-To-Earnings Ratio (12.1x) compared to the US Capital Markets industry average (29.6x)
Price to Earnings Ratio vs Fair Ratio
What is FRHC's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||12.1x|
|Fair PE Ratio||n/a|
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate FRHC's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of FRHC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: FRHC ($44.35) is trading above our estimate of fair value ($13.71)
Significantly Below Fair Value: FRHC is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate FRHC's PEG Ratio to determine if it is good value.
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How is Freedom Holding forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted Diversified Financials industry annual growth in earnings
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if FRHC's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if FRHC's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if FRHC's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: Insufficient data to determine if FRHC's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if FRHC's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FRHC's Return on Equity is forecast to be high in 3 years time
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How has Freedom Holding performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FRHC has high quality earnings.
Growing Profit Margin: FRHC's current net profit margins (41.4%) are lower than last year (44.2%).
Past Earnings Growth Analysis
Earnings Trend: FRHC's earnings have grown significantly by 67.6% per year over the past 5 years.
Accelerating Growth: FRHC's earnings growth over the past year (53.2%) is below its 5-year average (67.6% per year).
Earnings vs Industry: FRHC earnings growth over the past year (53.2%) underperformed the Capital Markets industry 78.6%.
Return on Equity
High ROE: Whilst FRHC's Return on Equity (41.63%) is outstanding, this metric is skewed due to their high level of debt.
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How is Freedom Holding's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FRHC's short term assets ($2.9B) exceed its short term liabilities ($2.3B).
Long Term Liabilities: FRHC's short term assets ($2.9B) exceed its long term liabilities ($115.9M).
Debt to Equity History and Analysis
Debt Level: FRHC has more cash than its total debt.
Reducing Debt: FRHC's debt to equity ratio has increased from 137.2% to 172.9% over the past 5 years.
Debt Coverage: FRHC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FRHC's interest payments on its debt are well covered by EBIT.
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What is Freedom Holding current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FRHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FRHC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FRHC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FRHC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FRHC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Timur Turlov (33 yo)
Mr. Timur Ruslanovich Turlov has been Chief Executive Officer of Freedom Holding Corp. (formerly known as BMB Munai, Inc.) since November 2015. Mr. Turlov served as the General Director and Chief Accountan...
CEO Compensation Analysis
Compensation vs Market: Timur's total compensation ($USD301.71K) is below average for companies of similar size in the US market ($USD6.89M).
Compensation vs Earnings: Timur's compensation has increased by more than 20% in the past year.
Experienced Management: FRHC's management team is seasoned and experienced (6.6 years average tenure).
Experienced Board: FRHC's board of directors are seasoned and experienced ( 10.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Freedom Holding Corp.'s employee growth, exchange listings and data sources
- Name: Freedom Holding Corp.
- Ticker: FRHC
- Exchange: NasdaqCM
- Founded: 1981
- Industry: Investment Banking and Brokerage
- Sector: Diversified Financials
- Implied Market Cap: US$2.641b
- Shares outstanding: 59.54m
- Website: https://www.freedomholdingcorp.com
Number of Employees
- Freedom Holding Corp.
- Esentai Tower BC
- Floor 7
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/30 00:00|
|End of Day Share Price||2022/06/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.