Freedom Holding (FRHC) AI Stock Analysis

• Market Cap: $9.62B
• Dividend Yield: N/A
• Average Volume (3M): 100.87K
• Price to Earnings (P/E): 23.9
• Beta (1Y): 0.93
• Revenue Growth: 7.40%
• EPS Growth: -97.69%
• Country: US
• Employees: 7,761
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 1.25
• Shares Outstanding: 61,190,536
• 10 Day Avg. Volume: 104,272
• 30 Day Avg. Volume: 100,873
• PEG Ratio: -1.20
• Price to Book (P/B): 6.46
• Price to Sales (P/S): 3.86
• P/FCF Ratio: 4.95
• Enterprise Value/Market Cap: 1.14
• Enterprise Value/Revenue: 5.16
• Enterprise Value/Gross Profit: 10.38
• Enterprise Value/Ebitda: 20.14
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 64 Neutral
• Price Target: $168.00 ▲(23.61% Upside)
• Action: Reiterated Date: 04/09/26
• Date: Action: Reiterated 04/09/26

The score is driven primarily by solid financial momentum (strong revenue growth and a major recent cash-flow rebound), tempered by a sharp drop in bottom-line profitability/ROE and concentration-driven volatility highlighted in segment/geography KPIs. Technically the stock is in a clear uptrend, but momentum appears stretched, while valuation looks only fair given recent earnings compression and no dividend support.

Positive Factors

Revenue scale-up

Multi-year revenue expansion from ~$0.35B to ~$2.03B demonstrates durable customer and product adoption across brokerage, capital markets and banking lines. Scale improves bargaining power, supports operating leverage and funds investment in distribution and technology for sustained growth.

Negative Factors

Profitability deterioration / ROE compression

Sharp decline in net margin and ROE erodes the firm's ability to convert revenue into durable shareholder returns. Sustained low profitability constrains reinvestment, weakens return on new capital, and raises sensitivity to credit losses or higher operating costs over the medium term.

Freedom Holding Business Overview & Revenue Model

Company Description

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 ...

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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 ...

How the Company Makes Money

Freedom Holding makes money primarily through a mix of transaction-based and spread/interest-based financial services revenues across its brokerage, capital markets, banking, and insurance-related operations. Key revenue streams typically include:...

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Freedom Holding makes money primarily through a mix of transaction-based and spread/interest-based financial services revenues across its brokerage, capital markets, banking, and insurance-related operations. Key revenue streams typically include:...

Freedom Holding Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	2.12B	2.03B	1.66B	795.69M	689.79M	346.88M
Gross Profit	1.05B	1.07B	1.16B	570.88M	503.15M	200.51M
EBITDA	542.59M	666.00M	951.09M	450.02M	444.06M	176.94M
Net Income	2.66M	84.65M	375.54M	205.14M	227.49M	149.65M
Balance Sheet
Total Assets	12.38B	9.91B	8.30B	5.08B	3.23B	2.10B
Cash, Cash Equivalents and Short-Term Investments	3.14B	3.59B	4.45B	3.23B	1.55B	755.56M
Total Debt	2.17B	1.95B	3.07B	1.61B	885.66M	414.25M
Total Liabilities	10.98B	8.70B	7.13B	4.31B	2.68B	1.82B
Stockholders Equity	1.39B	1.21B	1.16B	777.28M	553.60M	277.31M
Cash Flow
Free Cash Flow	2.85B	1.59B	-1.11B	-990.23M	-411.99M	527.88M
Operating Cash Flow	3.07B	1.68B	-1.06B	-951.68M	-406.37M	529.40M
Investing Cash Flow	-1.19B	-905.47M	-638.22M	-1.46B	-146.32M	6.35M
Financing Cash Flow	168.65M	-1.58M	1.67B	2.13B	618.53M	492.52M

Freedom Holding Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 135.91
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 135.91 is below the 20-day moving average (MA) of 141.51, above the 50-day MA of 129.82, and below the 200-day MA of 147.51, indicating a bullish trend. The MACD of 6.18 indicates Negative momentum. The RSI at 75.57 is Negative, neither overbought nor oversold. The STOCH value of 90.69 is Negative, 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
EVR	70 Outperform	$12.91B	25.51	33.81%	0.95%	27.00%	63.47%
SF	70 Outperform	$11.39B	12.55	11.96%	1.43%	7.54%	2.73%
XP	69 Neutral	$10.43B	9.33	22.53%	1.10%	-3.47%	7.48%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FRHC	64 Neutral	$9.62B	23.92	0.21%	―	7.40%	-97.69%
HLI	64 Neutral	$10.32B	24.90	20.14%	1.33%	20.99%	25.02%
JEF	49 Neutral	$8.94B	13.64	9.47%	2.52%	-5.41%	25.28%