Freedom Holding Corp. (FRHC) vs Live Oak Acquisition Corp. V (TMS)

Freedom Holding Corp. and Live Oak Acquisition Corp. V are both Financial Conglomerates companies. Freedom Holding Corp. is the larger, with a market value of $11.9B against $347.0M — 34.3× the size. Live Oak Acquisition Corp. V has negative trailing earnings, so its P/E is not meaningful; Freedom Holding Corp. trades at 72.8×. Freedom Holding Corp. has the higher net margin (6.44% vs 0.00%) and the lower return on invested capital (0.00% vs 31.1%). Across the 13 metrics below, Freedom Holding Corp. leads on 9 and Live Oak Acquisition Corp. V on 4.

Valuation

Metric FRHC TMS Financial Conglomerates median
P/E 72.77 n/m 15.52
P/S 4.71 n/m 1.37
P/B 7.37 2.32 1.39
Price to free cash flow n/m n/m —
EV/EBITDA — 3.38 —
EV/Sales — n/m —
Earnings yield 1.37% (43.71%) 6.15%
Free cash flow yield (8.37%) (2.19%) (1.26%)

Profitability

Metric FRHC TMS Financial Conglomerates median
Gross margin 95.79% — 77.18%
Operating margin 32.19% 0.00% 16.22%
Net margin 6.44% 0.00% 8.01%
Free cash flow margin (39.45%) 0.00% 0.00%
Return on equity 11.18% 0.00% 7.69%
Return on assets 1.30% 0.00% 1.10%
Return on invested capital 0.00% 31.08% 15.23%

Growth

Metric FRHC TMS Financial Conglomerates median
Revenue growth (TTM) 15.76% — 5.92%
EPS growth (last fiscal year) 99.21% (77,435.14%) 41.46%
Revenue growth, 5-year CAGR 44.58% — 1.37%
Net income growth, 5-year CAGR 0.49% — 0.49%

Health

Metric FRHC TMS Financial Conglomerates median
Debt to equity 1.00 2.64 1.10
Current ratio 1.16 0.73 1.12
Net debt to EBITDA (4.84) 0.15 0.64

Dividend

Metric FRHC TMS Financial Conglomerates median
Dividend yield — — —
Payout ratio — — —

Size

Metric FRHC TMS Financial Conglomerates median
Market cap 11.92b 347.03m 5.58b

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