Login
Create Account

Powerpack

Unlock full stockrow access for only $7.9/month and boost yourself as an investor.

Watchlist

Keep track of companies that you follow and research.

10 Years of Data

Full access to our data with predictions and indicators that we calculate daily.

Screener

Full access to our screener with tons of custom values and customizable email notifications.

XLS Exports

Excel export of financials and screeners you define and save.

Freedom Holding Corp. FRHC

Financial — Financial Conglomerates
Insider Buys (last 12m)
Insider Buys alert about insiders buying in the last 12 month

We limit data available in the Overview Report for users who do not have Powerpack

Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.
Register an account and get your Powerpack now or Login

Insider Decisions

Total buys
2.41
Total sells
8.00
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — 1 — — — — — — —
Sell — 1 — — 1 — — — 3 — 4 —
Insider Ownership
66.32%

Capital & Financial Ratios

Market Cap
10,510.00
Revenue
2,399.84
Net Income
147.63
Free Cash Flow
(946.82)
Net Debt
(5,473.55)
Current Ratio
1.16
Debt/Equity
1.00
P/E ratio
64.00
P/S ratio
4.14
P/B ratio
6.47
Past 5Y EPS Growth
26.83%
This Y EPS Growth
—
Next Y EPS Growth
—
Next 5Y EPS Growth
—
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
—
Annual Dividend Yield
—
total individual payouts
2023 ‡‡‡
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2019 ‡‡‡
2018 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2024 2025 2026 Q'26
Cash 4,912.96 4,459.50 5,554.99 7,007.23
Receivables 3,041.99 4,914.58 6,768.39 6,033.30
Inventory — — — —
Other — — — —
7,954.95 9,374.08 12,323.38 13,040.53
2024 2025 2026 Q'26
Payables 867.88 1,322.24 689.64 594.01
ST’ Debt 267.25 469.55 1,261.12 1,470.69
Other 2,571.01 4,777.43 7,757.89 7,816.90
6,495.73 8,016.59 10,777.28 11,198.40
in millions of $

Compound Annual Growth

10y 5y 3y
Sales — ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡ ‡‡‡‡‡ ‡‡‡
Earnings ‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Jun Sep Dec Mar Year
’26 732.53 — — —
—
’26 523.98 526.11 628.62 512.58
2,191.29
’25 455.00 586.14 664.58 298.44
2,004.16
’24 316.21 435.58 418.63 476.83
1,647.26
’23 172.51 180.12 213.98 232.53
799.14
’22 124.23 317.50 155.17 92.89
689.79
’21 56.42 69.71 100.23 120.53
346.88
in millions of $

Operating Cash Flow

Jun Sep Dec Mar Year
’26 (341.62) — — —
—
’26 480.83 535.28 717.78 (1,548.67)
185.22
’25 854.07 (437.99) (72.76) 1,337.75
1,681.06
’24 (914.13) (437.55) (21.67) 308.99
(1,064.36)
’23 (265.42) 240.02 (440.38) (485.89)
(951.68)
’22 (62.39) 83.23 (632.70) 205.49
(406.36)
’21 690.73 (393.69) 401.92 (169.56)
529.40
in millions of $

Free Cash Flow

Jun Sep Dec Mar Year
’26 (436.56) — — —
—
’26 450.04 451.92 651.73 (1,595.04)
(36.92)
’25 829.89 (447.46) (92.70) 1,296.00
1,585.73
’24 (924.82) (446.32) (38.49) 301.51
(1,108.11)
’23 (270.32) 227.66 (450.47) (497.09)
(990.22)
’22 (64.29) 82.53 (634.00) 203.50
(412.26)
’21 689.45 (394.27) 400.93 (168.21)
527.89
in millions of $

EPS

Jun Sep Dec Mar Year
’26 0.52 — — —
—
’26 0.50 0.63 1.25 0.13
2.51
’25 0.57 1.89 1.29 (2.36)
1.40
’24 1.15 1.95 1.63 1.58
6.33
’23 0.99 0.44 1.36 0.92
3.45
’22 0.87 3.44 0.85 (1.50)
3.56
’21 0.42 0.40 0.72 0.91
2.45

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

1
Buy
2
3
Hold
4
5
Sell
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029
‡‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 38.17 57.19 64.00 111.85 107.98 — — —
Low Price
‡‡‡ ‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 70.41 102.40 134.00 194.01 176.19 — — —
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3,421 3,689 6,197 8,764 11,846 — — —
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.20 0.22 0.27 0.23 0.18 — — —
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 689.79 799.14 1,647.26 2,004.16 2,191.29 — — —
Revenue
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 100.00% 100.00% 98.94% 98.44% 96.37% — — —
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 363.69 235.94 438.94 104.58 225.97 — — —
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 52.73% 29.52% 26.65% 5.22% 10.31% — — —
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 220.93 205.59 378.52 76.16 153.33 — — —
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 12.11 13.59 64.24 226.85 162.20 — — —
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 11.62 13.63 27.94 33.74 36.53 — — —
Revenue/Sh
‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 3.56 3.50 6.37 1.43 2.56 — — —
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (6.84) (16.23) (18.05) 28.30 3.09 — — —
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.10) (0.66) (0.74) (1.60) (3.70) — — —
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (6.94) (16.89) (18.79) 26.70 (0.62) — — —
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 9.21 13.15 19.79 20.62 24.82 — — —
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 59.38 58.63 58.96 59.39 59.99 — — —
Shares
‡‡‡ ‡‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 16.28 19.21 11.01 92.43 56.59 — — —
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.13 5.27 2.51 3.92 3.97 — — —
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 6.47 5.47 3.54 6.41 5.84 — — —
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.84 3.80 (0.29) 1.95 2.03 — — —
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (6.42) (3.07) 0.44 2.47 (70.81) — — —
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (406.36) (951.68) (1,064.36) 1,681.06 185.22 — — —
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (5.89) (38.54) (43.75) (95.33) (222.14) — — —
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (412.26) (990.22) (1,108.11) 1,585.73 (36.92) — — —
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 497.43 1,068.50 1,459.22 1,357.50 1,546.10 — — —
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 41.89 90.35 303.05 510.08 1,309.96 — — —
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (892.88) (1,175.65) (4,609.92) (3,949.43) (4,245.02) — — —
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 546.61 770.74 1,166.96 1,224.56 1,489.28 — — —
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.54% 4.93% 5.66% 0.84% 1.33% — — —
ROA
‡‡‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 0.00% 0.00% 0.00% 0.00% 0.00% — — —
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 55.33% 31.14% 39.13% 6.38% 11.30% — — —
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Freedom Holding Corp. (FRHC) has engineered a stunning transformation from a 2016 startup with negligible revenue to a 2024 global powerhouse generating $1.67 billion in topline revenue and employing over 6,000 staff—a CAGR exceeding 100% in peak years, driven by digital trading booms and expansions across emerging markets. Revenue per employee peaked at $269,000 before a projected dip, while the stock surged over 80,000% from pennies to $194 highs. Yet, this ascent masks volatility: profits swung from losses to $375 million, margins cratered from 52.7% to a forecasted 5.5%, and cash flows flipped erratically amid rising capex.

The balance sheet remains robust, with equity up 2,560% to $1.17 billion and a massive cash hoard, supporting valuations at attractive 2.5x PS and 3.5x PB—cheap on growth but 92x forward PE signals risks from deceleration. Insiders signaled confidence with $2.07 million in net buys at ~$145/share, contrasting analysts’ unanimous targets implying 35% downside amid 2025’s projected 77% earnings drop to $84.5 million.

Geopolitical shadows loom—SEC probes, sanctions risks from Russian exposure, and regulatory hurdles—testing FRHC’s antifragility post-Ukraine war. Bull case eyes FCF rebound to $1.58 billion and 65%+ upside on margin recovery; bears warn of sustained low ROE at 7.1%. At this crossroads, FRHC’s saga promises plot twists for growth chasers.

Read full commentary →

Freedom Holding Corp. (FRHC) Latest News

News by impact score

Fine-tune

4 Sep

3 , 3:38 PM
Moody’s assigns first-time Insurance Financial Strength Ratings to Freedom Insurance and Freedom Life. Moody’s ratings provide external validation of financial strength for Freedom’s insurance units and may lift investor perception.

3 , 3:24 PM
S&P revised its outlook on Freedom Holding Corp. and core subsidiaries to positive. S&P positive outlook revision improves credit perception and supports near-term investor sentiment for Freedom Holding Corp.

19 Aug

3 , 12:40 AM
Freedom Holding Corp. marks a milestone in Türkiye as subsidiary Freedom Yatırım secures a brokerage license. Brokerage license approval in Türkiye opens operational expansion and incremental revenue potential without transforming overall company trajectory.

14 Aug

3 , 11:12 AM
Freedom Holding (FRHC) faces valuation scrutiny after earnings, prompting reassessment of stock price and company outlook amid market pressures. Post-earnings valuation review can shift short-term investor sentiment and stock trajectory for FRHC.

10 Aug

4 , 9:15 AM
Freedom Holding Corp (FRHC) released its first quarter fiscal year 2027 earnings report. Quarterly earnings releases deliver core financial metrics that frequently drive immediate stock price movements and shift investor outlook for Freedom Holding Corp.

31 Jul

4 , 9:05 PM
Freedom Holding Corp. has completed the acquisition of a Turkish bank. Acquisition of a Turkish bank marks a major strategic expansion into new markets for Freedom Holding Corp.

13 Jul

4 , 8:47 AM
Freedom Holding Corp. completed a US$300 million ordinary share offering. The $300 million share offering supplies major capital that can fund expansion while diluting existing equity and influencing valuation.

10 Jul

3 , 4:05 PM
Freedom Holding Corp. completed an offering of its common stock. Common stock offering completion raises new capital for Freedom Holding Corp. but risks share dilution and near-term valuation pressure.

2 Jul

4 www.retailbankerinternational.com, 6:53 AM
Freedom Holding Corp. receives regulatory approval to acquire 99.32% stake in Turkish bank. Regulatory approval for Turkish bank acquisition enables major international expansion.

1 Jul

4 , 11:54 AM
Freedom Holding Corp. receives BRSA approval to acquire a Turkish bank. Bank acquisition approval marks major strategic expansion into Turkey.

25 Jun

4 , 7:27 AM
S&P upgraded ratings on Freedom Holding Corp. subsidiaries to BB-. Credit rating upgrade strengthens FRHC access to capital and market perception.

3 Business Wire, 8:45 AM
S&P upgraded ratings on Freedom Holding Corp. subsidiaries to BB-. Subsidiary rating upgrades to BB- enhance corporate credit profile and market perception for Freedom Holding Corp.

12 Jun

3 , 4:30 PM
Freedom Holding Corp. launches offering of its common stock. Common stock offering introduces potential share dilution with moderate effects on valuation and market reaction.

2 Jun

4 GlobeNewswire, 2:24 AM
Freedom Holding Corp. more than doubled net income and posted record revenue in fiscal 2026. Doubling net income with record revenue signals strong results that can materially lift valuation and investor sentiment.

1 Jun

3 Business Wire, 5:44 PM
Freedom Holding Corp (FRHC) reported its 2026 earnings. Earnings release updates financial performance and can shift near-term stock valuation.

28 Apr

4 Simply Wall St., 9:12 PM
Recent regulatory attention prompts questions on whether Freedom Holding Corp. (FRHC) stock pricing remains sensible, highlighting potential valuation concerns amid scrutiny. Regulatory attention signals major risks to FRHC's valuation, investor sentiment, and operational trajectory.

9 Apr

4 Business Wire, 6:30 AM
Freedom Holding Corp. announces it is considering an offering of its common stock in Kazakhstan. Considering a common stock offering in Kazakhstan is a major strategic move to raise capital for expansion in a key market.

18 Mar

4 GlobeNewswire, 2:24 AM
Freedom Bank Kazakhstan, a subsidiary of Freedom Holding Corp. (FRHC), received its first Moody's rating of Ba3 with a stable outlook. First-time Ba3 stable rating for key subsidiary Freedom Bank Kazakhstan boosts FRHC's credibility, funding access, and growth potential in emerging markets.

17 Mar

4 Simply Wall St., 12:25 AM
Freedom Holding Corp. (FRHC) has acquired a Turkish bank to develop an integrated SuperApp platform combining financial services. Acquiring a Turkish bank enables FRHC to expand geographically and build a comprehensive SuperApp, representing a major strategic shift with high growth potential.

11 Mar

4 GlobeNewswire, 10:14 AM
Freedom Holding Corp. to acquire 99.32% stake in Turkish Bank A.Ş. Acquiring nearly full ownership of a Turkish bank enables major international expansion and diversification for FRHC.

10 Feb

4 PR Newswire, 3:57 AM
Freedom Holding Corp. reported its financial results for the nine months and quarter ended December 31, 2025, highlighting significant growth in revenue and net income compared to the previous year. The company attributed this success to increased trading volumes and expanded market presence. Additionally, operational efficiencies contributed to improved profit margins. The report indicates a positive outlook for future performance, driven by strategic initiatives and market demand. Significant growth in revenue and net income suggests a strong future trajectory for the company.

9 Feb

4 Business Wire, 4:45 PM
Freedom Holding Corp. reported its financial results for the third quarter of fiscal year 2026, highlighting significant revenue growth and improved profitability. The company attributed its success to strategic initiatives and market expansion efforts. Key financial metrics showed a positive trend, with increased earnings per share and a strong balance sheet. Management expressed optimism about future growth prospects and ongoing investments in technology and services. Significant revenue growth and improved profitability indicate a strong strategic position and potential for future market performance.

7 Feb

4 Simply Wall St., 9:28 AM
Freedom Holding Corp. (NASDAQ:FRHC) has delivered an impressive 107% return to its investors over the past five years, reflecting strong performance and growth in the company's operations. This substantial increase highlights the company's effective strategies and market positioning, contributing to positive investor sentiment. The significant return over five years indicates strong market performance and investor confidence, suggesting potential for continued growth.

20 Dec

4 Simply Wall St., 8:07 AM
Freedom Holding Corp. (FRHC) insiders hold a 70% stake in the company, indicating their significant investment and commitment to its future. This substantial ownership suggests that insiders are likely to be highly motivated to drive the company's success and align their interests with those of shareholders. The concentration of ownership may also impact decision-making processes and strategic directions within the company. High insider ownership typically leads to aligned interests and can significantly influence company strategy and performance.

24 Nov

4 , 10:00 AM
Freedom Bank has integrated artificial intelligence (AI) into its banking operations within the Freedom Bank app, enhancing user experience and operational efficiency. This initiative is part of Kazakhstan's broader digital transformation strategy, aiming to modernize the banking sector and improve service delivery. The use of AI is expected to streamline processes, reduce costs, and provide personalized banking solutions to customers, aligning with global trends in fintech innovation. The integration of AI in banking operations represents a significant strategic move that could enhance competitive positioning and investor sentiment.

22 Nov

3 PR Newswire, 1:09 AM
Freedom Holding Corp. has published its 2025 Sustainability Report, highlighting its commitment to Environmental, Social, and Governance (ESG) initiatives. The report outlines various strategies and achievements aimed at enhancing sustainability practices within the company and its operations. It emphasizes the importance of ESG factors in driving long-term value and stakeholder engagement. The focus on ESG initiatives may moderately influence investor sentiment and operational practices, but the overall impact on the company's trajectory is expected to be limited.

13 Nov

3 PR Newswire, 8:52 AM
Freedom Holding Corp. has announced its sponsorship of the Financial Times Global Banking Summit, highlighting its commitment to engaging with key industry leaders and stakeholders. The summit will focus on critical issues facing the banking sector, providing a platform for discussions on innovation and regulatory challenges. This sponsorship aligns with Freedom Holding's strategic goals and enhances its visibility in the financial services industry. Sponsoring a significant industry event may enhance brand visibility and networking opportunities, but its direct impact on financial performance is expected to be limited.

9 Nov

3 Simply Wall St., 4:20 AM
Freedom Holding Corp. (FRHC) has experienced significant share price volatility recently, prompting an assessment of its valuation. Analysts are evaluating the factors contributing to this volatility, including market conditions and company performance. The analysis aims to provide insights into the potential future trajectory of FRHC amidst these fluctuations. Recent share price volatility may moderately influence investor sentiment and financial performance.

7 Nov

4 ACCESS Newswire, 7:00 PM
Freedom Holding Corp. reported its financial results for Q2 FY2026 and the first half of FY2026, highlighting significant growth in revenue and net income compared to the previous year. The company attributed this success to increased trading volumes and expanded market presence. Additionally, strategic investments and operational efficiencies contributed to improved profitability. The outlook for the remainder of the fiscal year remains positive, with expectations for continued growth driven by market demand and innovative services. Significant growth in revenue and net income indicates a strong performance that could alter the company's trajectory and investor sentiment.

4 Business Wire, 4:45 PM
Freedom Holding Corp. reported its financial results for the second quarter of fiscal year 2026, highlighting significant growth in revenue and net income compared to the previous year. The company attributed this success to increased trading volumes and expanded market presence. Additionally, management expressed optimism about future growth prospects and strategic initiatives aimed at enhancing operational efficiency. The results reflect a strong performance in a competitive landscape, positioning the company favorably for upcoming quarters. Significant growth in revenue and net income indicates a strong performance that could alter the company's trajectory and investor sentiment.
© 2016–2026 stockrow.com Terms and Conditions Indicators Contact Us