Freedom Holding Corp (FRHC)
NASDAQ:FRHC
Want to see FRHC full AI Analyst Report?
Top Page
Freedom Holding
(NASDAQ:FRHC)
Select Model
Select Model
Rating:47Neutral
Price Target:
$138.00
▲(1.54% Upside)
Action:Reiterated
Date:06/13/26
The score is held back primarily by volatile financial performance (sharp recent revenue decline, inconsistent free cash flow, and meaningful leverage for a capital markets business, with KPI-indicated geographic/segment concentration risk). Technicals are also weak with bearish trend signals, and valuation offers limited support due to a high P/E and no dividend yield provided.
Positive Factors
Scaled balance sheet and growing equity
Freedom Holding's materially larger asset base and growing equity provide deeper regulatory capital and capacity to support brokerage client balances and margin lending. That scale improves resilience to localized shocks and enables incremental business expansion and product offerings over the medium term.
Negative Factors
Meaningful leverage (debt > equity)
Debt materially above equity increases sensitivity to market and funding shocks for a capital-markets business. Elevated leverage can amplify earnings volatility, constrain capital allocation, and raise refinancing and liquidity risk, particularly during stressed market conditions or rate shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Scaled balance sheet and growing equity
Freedom Holding's materially larger asset base and growing equity provide deeper regulatory capital and capacity to support brokerage client balances and margin lending. That scale improves resilience to localized shocks and enables incremental business expansion and product offerings over the medium term.
Read all positive factors
Freedom Holding Key Performance Indicators (KPIs)
Any
Net Revenue by Geography
Breaks down where Freedom Holding earns its revenue across countries and regions, showing geographic strengths and vulnerabilities. Heavy dependence on one market exposes the company to local economic downturns, currency moves, or regulatory shifts, while a more balanced footprint supports steadier growth.
Breaks down where Freedom Holding earns its revenue across countries and regions, showing geographic strengths and vulnerabilities. Heavy dependence on one market exposes the company to local economic downturns, currency moves, or regulatory shifts, while a more balanced footprint supports steadier growth.
Data provided by:
The Fly
The FlyFreedom Holding (FRHC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.81B
Dividend YieldN/A
Average Volume (3M)170.51K
Price to Earnings (P/E)57.4
Beta (1Y)0.83
Revenue Growth5.54%
EPS Growth71.38%
CountryUS
Employees7,761
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)2.56
Shares Outstanding61,292,580
10 Day Avg. Volume222,078
30 Day Avg. Volume170,515
Financial Highlights & Ratios
PEG Ratio0.72
Price to Book (P/B)5.84
Price to Sales (P/S)3.97
P/FCF Ratio-227.78
Enterprise Value/Market Cap1.09
Enterprise Value/Revenue4.49
Enterprise Value/Gross Profit7.72
Enterprise Value/Ebitda12.80
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Freedom Holding Business Overview & Revenue Model
Company Description
Freedom Holding Corp. operates as a diverse financial services organization, offering a broad spectrum of services through its network of subsidiaries. The company specializes in retail and corporate financial solutions, encompassing brokerage, in...
How the Company Makes Money
Freedom Holding generates revenue primarily through its financial-services subsidiaries. Its key revenue streams include: (1) Brokerage and trading-related income: commissions and fees charged to clients for executing securities transactions and p...
Freedom Holding Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
62
Positive
Cash Flow
36
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.19B | 2.03B | 1.66B | 795.69M | 689.79M |
| Gross Profit | 1.58B | 1.07B | 1.16B | 570.88M | 503.15M |
| EBITDA | 749.56M | 666.00M | 951.09M | 450.02M | 444.06M |
| Net Income | 153.33M | 84.65M | 375.54M | 205.14M | 227.49M |
Balance Sheet | |||||
| Total Assets | 13.16B | 9.91B | 8.30B | 5.08B | 3.23B |
| Cash, Cash Equivalents and Short-Term Investments | 4.31B | 3.59B | 4.45B | 3.23B | 1.55B |
| Total Debt | 2.33B | 1.95B | 3.07B | 1.61B | 885.66M |
| Total Liabilities | 11.67B | 8.70B | 7.13B | 4.31B | 2.68B |
| Stockholders Equity | 1.49B | 1.21B | 1.16B | 777.28M | 553.60M |
Cash Flow | |||||
| Free Cash Flow | -38.16M | 1.59B | -1.11B | -990.23M | -411.99M |
| Operating Cash Flow | 160.61M | 1.68B | -1.06B | -951.68M | -406.37M |
| Investing Cash Flow | -1.02B | -905.47M | -638.22M | -1.46B | -146.32M |
| Financing Cash Flow | 1.19B | -1.58M | 1.67B | 2.13B | 618.53M |
Freedom Holding Technical Analysis
Neutral
135.91
Price Trends
146.31
Negative
138.59
Positive
142.62
Negative
Market Momentum
-1.72
Positive
48.70
Neutral
46.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRHC, the sentiment is Neutral. The current price of 135.91 is below the 20-day moving average (MA) of 144.17, below the 50-day MA of 146.31, and below the 200-day MA of 142.62, indicating a bearish trend. The MACD of -1.72 indicates Positive momentum. The RSI at 48.70 is Neutral, neither overbought nor oversold. The STOCH value of 46.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for FRHC.
Freedom Holding Risk Analysis
Freedom Holding disclosed 63 risk factors in its most recent earnings report. Freedom Holding reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Freedom Holding Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $14.47B | 19.44 | 41.05% | 0.95% | 47.30% | 68.64% | |
73 Outperform | $9.80B | 22.05 | 18.79% | 1.33% | 9.48% | 5.23% | |
72 Outperform | $11.32B | 8.89 | 15.14% | 1.43% | 9.07% | 45.94% | |
68 Neutral | $8.27B | 8.24 | 22.01% | 1.10% | 10.28% | 17.87% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
52 Neutral | $12.84B | 20.53 | 7.08% | 2.52% | 1.91% | 2.34% | |
47 Neutral | $8.81B | 57.44 | 11.50% | ― | 5.54% | 71.38% |
* Financial Sector Average
FRHC
Freedom Holding
142.23
-2.95
-2.03%
EVR
Evercore Partners
374.04
111.65
42.55%
JEF
Jefferies
62.81
9.06
16.84%
SF
Stifel Financial
73.81
7.86
11.92%
HLI
Houlihan Lokey
140.93
-36.23
-20.45%
XP
XP
15.99
-2.98
-15.71%
Freedom Holding Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Freedom Holding Launches $300 Million International Stock Offering
Positive
Jun 12, 2026
On June 12, 2026, Freedom Holding Corp. announced it had launched an offering of its common stock for aggregate proceeds of up to US$300 million, with bookbuilding scheduled to begin in the week of June 15, 2026. The offering price was set at US$1...
Business Operations and StrategyPrivate Placements and Financing
Freedom Holding Weighs Kazakhstan Common Stock Offering
Positive
Apr 9, 2026
On April 9, 2026, Freedom Holding Corp. announced that it is considering an offering of its common stock in Kazakhstan, which would be carried out outside the United States under Regulation S of the Securities Act of 1933. The contemplated transac...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.