Freedom Holding Corp. (FRHC) vs Voya Financial, Inc. (VOYA)

Freedom Holding Corp. and Voya Financial, Inc. are both Financial Conglomerates companies. Freedom Holding Corp. is the larger, with a market value of $11.3B against $8.7B — 1.3× the size. Voya Financial, Inc. trades at the lower P/E: 16.2× against 70.1×. Freedom Holding Corp. grew revenue faster over the last twelve months: 15.8% against 3.16%. Voya Financial, Inc. has the higher net margin (6.94% vs 6.15%) and the higher return on invested capital (5.29% vs 0.00%). Across the 21 metrics below, Freedom Holding Corp. leads on 11 and Voya Financial, Inc. on 10.

Valuation

Metric FRHC VOYA Financial Conglomerates median
P/E 70.12 16.16 12.75
P/S 4.33 1.08 1.24
P/B 6.77 1.38 1.23
Price to free cash flow n/m 7.83 —
EV/EBITDA 5.65 11.32 5.65
EV/Sales 2.05 1.37 1.04
Earnings yield 1.43% 6.19% 7.96%
Free cash flow yield (9.11%) 12.78% (2.60%)

Profitability

Metric FRHC VOYA Financial Conglomerates median
Gross margin 95.79% 58.74% 78.71%
Operating margin 32.19% 12.07% 16.22%
Net margin 6.15% 6.94% 12.25%
Free cash flow margin (39.45%) 14.60% (0.81%)
Return on equity 10.68% 8.89% 9.79%
Return on assets 1.24% 0.32% 2.35%
Return on invested capital 0.00% 5.29% 8.06%

Growth

Metric FRHC VOYA Financial Conglomerates median
Revenue growth (TTM) 15.76% 3.16% 10.84%
EPS growth (last fiscal year) 79.29% 1.94% —
Revenue growth, 5-year CAGR 44.58% 1.37% 2.19%
Net income growth, 5-year CAGR 0.49% 0.00% 0.25%

Health

Metric FRHC VOYA Financial Conglomerates median
Debt to equity 1.00 0.53 1.10
Current ratio 1.16 0.24 1.51
Net debt to EBITDA (4.84) 1.87 1.51

Dividend

Metric FRHC VOYA Financial Conglomerates median
Dividend yield — 2.32% —
Payout ratio 0.00 0.15 0.26

Size

Metric FRHC VOYA Financial Conglomerates median
Market cap 11.25b 8.71b 5.46b

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