Sunday 11 October 2026
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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%
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| Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 4 | 4 | 3 | 3 | 6 | 5 | 4 | — | — |
P/E ratio |
59.28 | 92.43 | 11.01 | 18.88 | 16.71 | 21.78 | 37.37 | 80.00 | 4.89 | 0.55 |
P/S ratio |
3.97 | 3.92 | 2.51 | 5.27 | 5.13 | 8.98 | 9.90 | 6.88 | 3.94 | 0.18 |
P/FCF ratio |
0.00 | 4.97 | 0.00 | 0.00 | 0.00 | 5.90 | 10.24 | 9.50 | 0.00 | 0.74 |
P/Operating CF |
(5.61) | 5.87 | 13.36 | (8.67) | 17.22 | (18.37) | 59.09 | 40.55 | (8.46) | 0.31 |
P/B ratio |
5.84 | 6.41 | 3.54 | 5.47 | 6.47 | 11.30 | 6.40 | 4.34 | 1.79 | 0.08 |
Price to Tangible BV |
6.37 | 7.00 | 3.87 | 5.70 | 6.61 | 11.77 | 6.71 | 4.62 | 1.93 | 0.08 |
EV/Sales |
2.03 | 1.95 | (0.29) | 3.80 | 3.84 | 5.49 | 7.43 | 4.85 | 1.61 | 1.44 |
EV/EBITDA |
5.07 | 4.50 | 0.00 | 6.63 | 5.84 | 10.77 | 15.34 | 14.30 | 2.64 | 2.85 |
EV/Operating CF |
24.01 | 2.32 | 0.45 | (3.19) | (6.51) | 3.60 | 7.50 | 6.17 | (0.80) | 5.80 |
EV/FCF |
(70.81) | 2.47 | 0.44 | (3.07) | (6.42) | 3.61 | 7.69 | 6.70 | (0.79) | 5.89 |
Quick Ratio |
1.14 | 1.17 | 1.22 | 1.28 | 1.27 | 1.16 | 1.40 | 2.19 | 5.65 | 5.64 |
Current Ratio |
1.14 | 1.17 | 1.22 | 1.28 | 1.27 | 1.16 | 1.40 | 2.19 | 5.65 | 5.64 |
Net Debt/EBITDA |
(4.84) | (4.55) | (4.59) | (2.56) | (1.97) | (6.84) | (5.10) | (5.96) | (3.82) | 2.49 |
Debt/Assets |
9.96% | 5.14% | 3.65% | 1.78% | 1.30% | 1.72% | 19.11% | 30.25% | 47.31% | 49.23% |
Debt/Equity |
0.88 | 0.42 | 0.26 | 0.12 | 0.08 | 0.13 | 0.67 | 0.90 | 1.31 | 1.36 |
Asset Turnover |
0.19 | 0.22 | 0.25 | 0.19 | 0.26 | 0.27 | 0.21 | 0.21 | 0.24 | 0.30 |
Operating CF/Net income |
1.21 | 22.04 | (2.81) | (4.64) | (1.79) | 3.54 | 3.33 | 8.18 | (6.44) | 0.76 |
Capex/Depreciation |
(1.37) | (0.42) | (0.68) | (2.84) | (0.49) | (0.56) | (1.81) | (2.32) | (0.89) | (0.37) |
Interest Coverage |
1.46 | 1.20 | 1.88 | 2.13 | 5.73 | 7.76 | 3.85 | 1.58 | 2.29 | 2.52 |
| 11.30% | 6.38% | 39.13% | 31.14% | 55.33% | 73.95% | 20.14% | 5.84% | 21.29% | 28.58% | |
| 1.33% | 0.84% | 5.66% | 4.93% | 8.54% | 11.72% | 6.18% | 2.04% | 7.71% | 9.67% | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 5.28% |
Return on Tangible Assets |
8.05% | 4.93% | 24.58% | 18.27% | 44.15% | 76.77% | 19.94% | 3.83% | 6.56% | 6.43% |
Average Days of Receivables |
1,127.40 | 895.05 | 674.05 | 1,651.18 | 740.00 | 62.23 | 543.38 | 375.20 | 212.58 | 1,544.95 |
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 |
30.05% | 36.03% | 22.52% | 20.77% | 20.57% | 26.86% | 23.28% | 8.40% | 3.96% | 1.78% |
Intangible Assets out of Total Assets |
0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 | 0.01 |
Share Based Compensation of Revenue |
3.11% | 2.97% | 1.38% | 1.16% | 1.14% | 0.18% | 1.77% | 4.71% | 2.81% | 0.00% |
Graham Net Nets |
0.08 | 0.09 | 0.20 | 0.13 | (0.10) | (0.17) | 0.11 | 0.19 | 0.48 | 11.49 |
Graham Number |
36.95 | 25.76 | 53.22 | 33.56 | 27.18 | 16.13 | 4.36 | 2.24 | 10.97 | 7.03 |
Earnings Yield |
1.69% | 1.08% | 9.09% | 5.30% | 5.99% | 4.59% | 2.68% | 1.25% | 20.44% | 181.13% |
Free Cash Flow Yield |
(0.72%) | 20.11% | (26.86%) | (23.51%) | (11.66%) | 16.94% | 9.76% | 10.53% | (52.03%) | 136.01% |
Revenue per Share |
36.53 | 33.74 | 27.94 | 13.63 | 11.62 | 5.94 | 1.43 | 1.28 | 1.74 | 1.73 |
Operating CF per Share |
3.09 | 28.30 | (18.05) | (16.23) | (6.84) | 9.07 | 1.42 | 1.01 | (3.52) | 0.43 |
Capex per Share |
(3.70) | (1.60) | (0.74) | (0.66) | (0.10) | (0.03) | (0.03) | (0.08) | (0.04) | (0.01) |
Free Cash Flow per Share |
(0.62) | 26.70 | (18.79) | (16.89) | (6.94) | 9.04 | 1.39 | 0.93 | (3.56) | 0.42 |
Cash per Share |
92.60 | 75.08 | 83.33 | 21.59 | 15.74 | 21.34 | 5.03 | 4.42 | 9.04 | 3.15 |
Shareholders Equity per Share |
24.82 | 20.62 | 19.79 | 13.15 | 9.21 | 4.72 | 2.22 | 2.03 | 3.82 | 3.91 |
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 |
24.82 | 20.62 | 19.79 | 13.15 | 9.21 | 4.72 | 2.22 | 2.03 | 3.82 | 3.91 |
Free Cash Flow |
(36.92) | 1,585.73 | (1,108.11) | (990.22) | (412.26) | 527.89 | 80.63 | 53.75 | (118.49) | 4.73 |
Working Capital |
1,546.10 | 1,357.50 | 1,459.22 | 1,068.50 | 497.43 | 179.36 | 118.20 | 180.93 | 274.98 | 96.61 |
Capital Expenditures |
(222.14) | (95.33) | (43.75) | (38.54) | (5.89) | (1.50) | (1.99) | (4.72) | (1.32) | (0.07) |
Net Current Asset Value |
657.42 | 683.53 | 819.98 | 567.32 | (350.48) | (519.25) | 92.45 | 99.42 | 110.30 | 39.95 |
EV/EBIT |
6.22 | 6.09 | 0.00 | 6.83 | 6.01 | 10.94 | 15.78 | 15.55 | 2.76 | 2.91 |
Capex to Sales |
0.10 | 0.05 | 0.03 | 0.05 | 0.01 | 0.00 | 0.02 | 0.06 | 0.02 | 0.00 |
Price to Operating Income |
38.46 | 75.06 | 9.40 | 17.86 | 9.73 | 20.52 | 28.39 | 59.87 | 11.97 | 0.60 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.45 | 1.19 | 0.77 | 0.25 | 0.68 | 0.17 | 0.17 | 0.37 | 0.62 | 0.18 |
Cash ROIC |
(0.44%) | 25.60% | (17.36%) | (46.55%) | (27.06%) | 33.88% | 15.86% | 11.20% | (19.96%) | 3.40% |
Accounts Receivable Turnover |
0.38 | 0.50 | 0.49 | 0.32 | 0.95 | 3.79 | 0.83 | 1.35 | 1.00 | 0.47 |
Accounts Payable Turnover |
0.08 | 0.03 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
Average Days of Payables |
3,161.03 | 15,429.95 | 18,062.28 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | — | — | — | — | — | — | — |
Average Receivables |
5,841.48 | 3,978.29 | 3,328.57 | 2,506.81 | 728.81 | 91.65 | 100.25 | 55.00 | 57.85 | 41.03 |
Average Payables |
1,005.94 | 1,095.06 | 495.39 | 83.99 | 33.54 | 15.20 | 20.55 | 20.85 | 4.78 | 0.30 |
Average Assets |
11,535.18 | 9,108.52 | 6,693.24 | 4,157.45 | 2,665.33 | 1,276.92 | 402.22 | 350.91 | 236.13 | 65.03 |
Average Common Equity |
1,356.92 | 1,195.76 | 968.85 | 658.67 | 411.14 | 202.35 | 123.32 | 122.31 | 85.46 | 22.00 |
Columns are period end dates