Sunday 11 October 2026 Export all FRHC data to Excel Powerpack

Freedom Holding Corp.

FRHC Financial Financial Conglomerates

Freedom Holding Corp.’s revenue for fiscal 2026 (year ended March 2026) was $2.2 billion, up 9.34% from fiscal 2025. In the quarter to June 2026, revenue grew 39.8%, EPS grew 1.96%, free cash flow fell 197.0% and total debt rose 115.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.

169.65 2.95 +1.77%
Market cap
$10.6B
P/E
68.9×
Fwd P/E
12.3×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Mar '17 Mar '18 Mar '19 Mar '20 Mar '21 Mar '22 Mar '23 Mar '24 Mar '25 Mar '26
Piotroski F-Score
— — 4 5 6 3 3 4 4 5
P/E ratio
0.55 4.89 80.00 37.37 21.78 16.71 18.88 11.01 92.43 59.28
P/S ratio
0.18 3.94 6.88 9.90 8.98 5.13 5.27 2.51 3.92 3.97
P/FCF ratio
0.74 0.00 9.50 10.24 5.90 0.00 0.00 0.00 4.97 0.00
P/Operating CF
0.31 (8.46) 40.55 59.09 (18.37) 17.22 (8.67) 13.36 5.87 (5.61)
P/B ratio
0.08 1.79 4.34 6.40 11.30 6.47 5.47 3.54 6.41 5.84
Price to Tangible BV
0.08 1.93 4.62 6.71 11.77 6.61 5.70 3.87 7.00 6.37
EV/Sales
1.44 1.61 4.85 7.43 5.49 3.84 3.80 (0.29) 1.95 2.03
EV/EBITDA
2.85 2.64 14.30 15.34 10.77 5.84 6.63 0.00 4.50 5.07
EV/Operating CF
5.80 (0.80) 6.17 7.50 3.60 (6.51) (3.19) 0.45 2.32 24.01
EV/FCF
5.89 (0.79) 6.70 7.69 3.61 (6.42) (3.07) 0.44 2.47 (70.81)
Quick Ratio
5.64 5.65 2.19 1.40 1.16 1.27 1.28 1.22 1.17 1.14
Current Ratio
5.64 5.65 2.19 1.40 1.16 1.27 1.28 1.22 1.17 1.14
Net Debt/EBITDA
2.49 (3.82) (5.96) (5.10) (6.84) (1.97) (2.56) (4.59) (4.55) (4.84)
Debt/Assets
49.23% 47.31% 30.25% 19.11% 1.72% 1.30% 1.78% 3.65% 5.14% 9.96%
Debt/Equity
1.36 1.31 0.90 0.67 0.13 0.08 0.12 0.26 0.42 0.88
Asset Turnover
0.30 0.24 0.21 0.21 0.27 0.26 0.19 0.25 0.22 0.19
Operating CF/Net income
0.76 (6.44) 8.18 3.33 3.54 (1.79) (4.64) (2.81) 22.04 1.21
Capex/Depreciation
(0.37) (0.89) (2.32) (1.81) (0.56) (0.49) (2.84) (0.68) (0.42) (1.37)
Interest Coverage
2.52 2.29 1.58 3.85 7.76 5.73 2.13 1.88 1.20 1.46
ROE
28.58% 21.29% 5.84% 20.14% 73.95% 55.33% 31.14% 39.13% 6.38% 11.30%
ROA
9.67% 7.71% 2.04% 6.18% 11.72% 8.54% 4.93% 5.66% 0.84% 1.33%
ROIC
5.28% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Tangible Assets
6.43% 6.56% 3.83% 19.94% 76.77% 44.15% 18.27% 24.58% 4.93% 8.05%
Average Days of Receivables
1,544.95 212.58 375.20 543.38 62.23 740.00 1,651.18 674.05 895.05 1,127.40
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
1.78% 3.96% 8.40% 23.28% 26.86% 20.57% 20.77% 22.52% 36.03% 30.05%
Intangible Assets out of Total Assets
0.01 0.03 0.02 0.01 0.01 0.00 0.01 0.01 0.01 0.01
Share Based Compensation of Revenue
0.00% 2.81% 4.71% 1.77% 0.18% 1.14% 1.16% 1.38% 2.97% 3.11%
Graham Net Nets
11.49 0.48 0.19 0.11 (0.17) (0.10) 0.13 0.20 0.09 0.08
Graham Number
7.03 10.97 2.24 4.36 16.13 27.18 33.56 53.22 25.76 36.95
Earnings Yield
181.13% 20.44% 1.25% 2.68% 4.59% 5.99% 5.30% 9.09% 1.08% 1.69%
Free Cash Flow Yield
136.01% (52.03%) 10.53% 9.76% 16.94% (11.66%) (23.51%) (26.86%) 20.11% (0.72%)
Revenue per Share
1.73 1.74 1.28 1.43 5.94 11.62 13.63 27.94 33.74 36.53
Operating CF per Share
0.43 (3.52) 1.01 1.42 9.07 (6.84) (16.23) (18.05) 28.30 3.09
Capex per Share
(0.01) (0.04) (0.08) (0.03) (0.03) (0.10) (0.66) (0.74) (1.60) (3.70)
Free Cash Flow per Share
0.42 (3.56) 0.93 1.39 9.04 (6.94) (16.89) (18.79) 26.70 (0.62)
Cash per Share
3.15 9.04 4.42 5.03 21.34 15.74 21.59 83.33 75.08 92.60
Shareholders Equity per Share
3.91 3.82 2.03 2.22 4.72 9.21 13.15 19.79 20.62 24.82
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
3.91 3.82 2.03 2.22 4.72 9.21 13.15 19.79 20.62 24.82
Free Cash Flow
4.73 (118.49) 53.75 80.63 527.89 (412.26) (990.22) (1,108.11) 1,585.73 (36.92)
Working Capital
96.61 274.98 180.93 118.20 179.36 497.43 1,068.50 1,459.22 1,357.50 1,546.10
Capital Expenditures
(0.07) (1.32) (4.72) (1.99) (1.50) (5.89) (38.54) (43.75) (95.33) (222.14)
Net Current Asset Value
39.95 110.30 99.42 92.45 (519.25) (350.48) 567.32 819.98 683.53 657.42
EV/EBIT
2.91 2.76 15.55 15.78 10.94 6.01 6.83 0.00 6.09 6.22
Capex to Sales
0.00 0.02 0.06 0.02 0.00 0.01 0.05 0.03 0.05 0.10
Price to Operating Income
0.60 11.97 59.87 28.39 20.52 9.73 17.86 9.40 75.06 38.46
Other line items
Depreciation/Fixed assets
0.18 0.62 0.37 0.17 0.17 0.68 0.25 0.77 1.19 0.45
Cash ROIC
3.40% (19.96%) 11.20% 15.86% 33.88% (27.06%) (46.55%) (17.36%) 25.60% (0.44%)
Accounts Receivable Turnover
0.47 1.00 1.35 0.83 3.79 0.95 0.32 0.49 0.50 0.38
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.03 0.08
Inventory Turnover
— — — — — — — 0.00 0.00 0.00
Average Days of Payables
0.00 0.00 0.00 0.00 0.00 0.00 0.00 18,062.28 15,429.95 3,161.03
Days of Inventory on Hand
— — — — — — — 0.00 0.00 0.00
Average Receivables
41.03 57.85 55.00 100.25 91.65 728.81 2,506.81 3,328.57 3,978.29 5,841.48
Average Payables
0.30 4.78 20.85 20.55 15.20 33.54 83.99 495.39 1,095.06 1,005.94
Average Assets
65.03 236.13 350.91 402.22 1,276.92 2,665.33 4,157.45 6,693.24 9,108.52 11,535.18
Average Common Equity
22.00 85.46 122.31 123.32 202.35 411.14 658.67 968.85 1,195.76 1,356.92

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