FRHC Stock Overview
Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services.
Freedom Holding Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$43.37|
|52 Week High||US$72.43|
|52 Week Low||US$41.15|
|1 Month Change||-18.17%|
|3 Month Change||-32.00%|
|1 Year Change||-5.78%|
|3 Year Change||351.77%|
|5 Year Change||17,248.00%|
|Change since IPO||34,596.00%|
Recent News & Updates
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...
Freedom Holding Corp.: The Slowdown Is Coming
Tightening of monetary policy will constrain the CIS financial market in the medium term. We expect a slowdown in the growth rate of Fee and commission income, as the inflow of new clients has slowed down significantly. Major competitors continue to grow. Freedom's critical competitive advantage is the ability to participate in IPOs, and the IPO ETF is significantly inferior to the S&P 500 in 2021.
Here's Why I Think Freedom Holding (NASDAQ:FRHC) Is An Interesting Stock
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|FRHC||US Capital Markets||US Market|
Return vs Industry: FRHC exceeded the US Capital Markets industry which returned -14.3% over the past year.
Return vs Market: FRHC exceeded the US Market which returned -10.4% over the past year.
|FRHC Average Weekly Movement||4.9%|
|Capital Markets Industry Average Movement||0.4%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: FRHC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FRHC's weekly volatility (5%) 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, 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; and investment research services. 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$233.18m|
Last Reported Earnings
Dec 31, 2021
Next Earnings Date
|Earnings per share (EPS)||6.04|
|Net Profit Margin||56.03%|
How did FRHC perform over the long term?See historical performance and comparison
Is Freedom Holding undervalued compared to its fair value and its price relative to the market?
Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PB vs Industry
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FRHC ($43.37) is trading above our estimate of fair value ($9.61)
Significantly Below Fair Value: FRHC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FRHC is good value based on its PE Ratio (7.2x) compared to the US Capital Markets industry average (35.8x).
PE vs Market: FRHC is good value based on its PE Ratio (7.2x) compared to the US market (15.6x).
Price to Earnings Growth Ratio
PEG Ratio: FRHC's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FRHC is overvalued based on its PB Ratio (4.4x) compared to the US Capital Markets industry average (-16.1x).
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 annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FRHC's earnings are forecast to decline over the next 3 years (-26.8% per year).
Earnings vs Market: FRHC's earnings are forecast to decline over the next 3 years (-26.8% per year).
High Growth Earnings: FRHC's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FRHC's revenue is expected to decline over the next 3 years (-4.4% per year).
High Growth Revenue: FRHC's revenue is forecast to decline over the next 3 years (-4.4% 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
How has Freedom Holding performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
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 (56%) are higher than last year (39.7%).
Past Earnings Growth Analysis
Earnings Trend: FRHC's earnings have grown significantly by 71.9% per year over the past 5 years.
Accelerating Growth: FRHC's earnings growth over the past year (288.1%) exceeds its 5-year average (71.9% per year).
Earnings vs Industry: FRHC earnings growth over the past year (288.1%) exceeded the Capital Markets industry 42.8%.
Return on Equity
High ROE: Whilst FRHC's Return on Equity (60.84%) is outstanding, this metric is skewed due to their high level of debt.
How is Freedom Holding's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: FRHC's short term assets ($2.6B) exceed its short term liabilities ($2.0B).
Long Term Liabilities: FRHC's short term assets ($2.6B) exceed its long term liabilities ($131.9M).
Debt to Equity History and Analysis
Debt Level: FRHC has more cash than its total debt.
Reducing Debt: FRHC's debt to equity ratio has reduced from 186.5% to 138.5% over the past 5 years.
Debt Coverage: FRHC's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: Insufficient data to determine if FRHC's interest payments on its debt are well covered by EBIT.
What is Freedom Holding current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate FRHC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate FRHC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if FRHC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if FRHC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as FRHC has not reported any payouts.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Timur Turlov (33 yo)
Mr. Timur Ruslanovich Turlov has been Chief Executive Officer of Freedom Holding Corp. (formerly known as BMB Munai, Inc.) since November 2015. Mr. Turlov served as the General Director and Chief Accountan...
CEO Compensation Analysis
Compensation vs Market: Timur's total compensation ($USD301.71K) is below average for companies of similar size in the US market ($USD6.90M).
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 (6.5 years average tenure).
Experienced Board: FRHC's board of directors are seasoned and experienced ( 10.3 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$2.582b
- 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||2022/05/14 00:00|
|End of Day Share Price||2022/05/13 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.