Freedom Holding (FRHC) AI Stock Analysis

• Market Cap: $10.34B
• Dividend Yield: N/A
• Average Volume (3M): 105.28K
• Price to Earnings (P/E): 125.3
• Beta (1Y): 0.89
• Revenue Growth: 19.14%
• EPS Growth: -75.48%
• Country: US
• Employees: 7,761
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 0.50
• Shares Outstanding: 61,221,687
• 10 Day Avg. Volume: 96,832
• 30 Day Avg. Volume: 105,283
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 4.43
• Enterprise Value/Gross Profit: 9.06
• Enterprise Value/Ebitda: 14.33
• 1Y Price Target: $179.00
• Price Target Upside: 6.02% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: $179.00 ▲(6.02% Upside)

Freedom Holding's stock score is primarily influenced by its financial performance, which shows moderate revenue growth but challenges in profitability and cash flow stability. Technical analysis suggests a positive trend, but valuation concerns due to a high P/E ratio and lack of dividend yield weigh on the overall score.

Freedom Holding Business Overview & Revenue Model

Company Description

Freedom Holding Corporation (FRHC) is a diversified financial services company based in the United States, with a strong presence in the capital markets of Kazakhstan and other Central Asian countries. The company operates primarily in the brokerage and investment banking sectors, providing a range of services including retail and institutional brokerage, asset management, and financial advisory. Additionally, Freedom Holding is involved in proprietary trading and offers online trading platforms to facilitate trading in various financial instruments.

How the Company Makes Money

Freedom Holding generates revenue through multiple key streams. Its primary source of income comes from brokerage commissions and fees associated with executing trades for individual and institutional clients. The company also earns revenue through the management of investment funds and asset management services, charging management fees based on the assets under management. Proprietary trading activities contribute to its earnings by profiting from market movements. Furthermore, the company has established strategic partnerships that enhance its market reach, including collaborations with financial institutions and technology providers that improve its trading platforms and services, thereby attracting more clients and increasing transaction volumes.

Freedom Holding Financial Statement Overview

Summary

Freedom Holding is experiencing moderate revenue growth but faces challenges in maintaining profitability and cash flow stability. While leverage has improved, profitability metrics such as ROE have declined. The company needs to focus on enhancing operational efficiency and cash flow management to strengthen its financial position.

Income Statement

Freedom Holding shows moderate revenue growth with a TTM increase of 4.34%. However, margins have declined compared to previous years, with the TTM gross profit margin at 51.05% and net profit margin at 4.30%. The EBIT and EBITDA margins are stable but lower than historical levels, indicating some pressure on profitability.

Balance Sheet

The company's debt-to-equity ratio has improved to 1.61 from higher levels, showing better leverage management. However, the return on equity has decreased to 6.93% in the TTM, reflecting reduced profitability. The equity ratio remains stable, indicating a balanced asset structure.

Cash Flow

Cash flow performance is mixed, with a significant decline in free cash flow growth at -23.95% in the TTM. The operating cash flow to net income ratio is low at 0.23, suggesting potential cash flow challenges. However, the free cash flow to net income ratio remains strong at 95.72%, indicating efficient cash conversion.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.05B	2.03B	1.66B	795.69M	689.79M	346.88M
Gross Profit	1.00B	1.07B	1.16B	570.88M	503.15M	200.51M
EBITDA	634.57M	666.00M	951.09M	450.02M	444.06M	176.94M
Net Income	80.65M	84.65M	375.54M	205.14M	227.49M	149.65M
Balance Sheet
Total Assets	9.69B	9.91B	8.30B	5.08B	2.92B	2.02B
Cash, Cash Equivalents and Short-Term Investments	2.71B	3.59B	4.45B	3.23B	1.83B	1.44B
Total Debt	1.78B	1.95B	3.07B	1.61B	893.06M	511.78M
Total Liabilities	8.46B	8.70B	7.13B	4.31B	2.41B	1.74B
Stockholders Equity	1.23B	1.21B	1.16B	777.28M	514.67M	277.31M
Cash Flow
Free Cash Flow	1.21B	1.59B	-1.11B	-990.23M	-357.02M	561.14M
Operating Cash Flow	1.31B	1.68B	-1.06B	-951.68M	-347.99M	565.30M
Investing Cash Flow	-1.32B	-905.47M	-638.22M	-1.46B	-8.70M	97.04M
Financing Cash Flow	-123.73M	-1.58M	1.67B	2.13B	453.68M	348.41M

Freedom Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 168.83
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRHC, the sentiment is Positive. The current price of 168.83 is below the 20-day moving average (MA) of 169.89, below the 50-day MA of 171.07, and above the 200-day MA of 148.60, indicating a neutral trend. The MACD of -1.81 indicates Positive momentum. The RSI at 49.34 is Neutral, neither overbought nor oversold. The STOCH value of 41.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRHC.

Freedom Holding Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VIRT	78 Outperform	5.38B	7.98	22.04%	2.73%	25.12%	122.80%
SF	77 Outperform	11.65B	22.05	12.86%	1.56%	8.76%	10.32%
JEF	68 Neutral	13.72B	25.22	7.32%	2.20%	1.00%	46.98%
MKTX	67 Neutral	6.86B	30.88	16.08%	1.68%	8.30%	-14.39%
XP	67 Neutral	10.51B	12.39	22.10%	3.23%	-6.77%	2.95%
FRHC	58 Neutral	$10.34B	125.27	6.78%	―	19.14%	-75.48%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%