Freedom Holding Corp.
FRHC
Security Brokers, Dealers & Flotation Companies
Mkt Cap
$4.518BPE
13.45Debt
-Cash
$946.4MEV
-FCF
-$1.883BP/E Ratio
13.45Debt
-Cash
$946.4MEV
-FCF
-$1.883BCharts data: {"Earnings":[{"time":"2016-03-30","value":-491999},{"time":"2017-03-30","value":-578139},{"time":"2018-03-30","value":19233000},{"time":"2019-03-30","value":7147000},{"time":"2020-03-30","value":22130000},{"time":"2021-03-30","value":142293000},{"time":"2022-03-30","value":211369000},{"time":"2023-03-30","value":205140000}],"Sales":[{"time":"2016-03-30","value":0},{"time":"2017-03-30","value":0},{"time":"2018-03-30","value":55224000},{"time":"2019-03-30","value":74285000},{"time":"2020-03-30","value":121902000},{"time":"2021-03-30","value":352551000},{"time":"2022-03-30","value":564663000},{"time":"2023-03-30","value":795693000}],"Net Margins":[{"time":"2018-03-30","value":0.34827249022164275},{"time":"2019-03-30","value":0.09621054048596621},{"time":"2020-03-30","value":0.18153926924906894},{"time":"2021-03-30","value":0.403609690512862},{"time":"2022-03-30","value":0.37432769634277435},{"time":"2023-03-30","value":0.25781300074274877}],"Assets":[{"time":"2016-03-30","value":8689050},{"time":"2017-03-30","value":8586653},{"time":"2018-03-30","value":330086000},{"time":"2019-03-30","value":350911000},{"time":"2020-03-30","value":453523000},{"time":"2021-03-30","value":2018645000},{"time":"2022-03-30","value":2921009000},{"time":"2023-03-30","value":5084558000}],"Stockholders Equity":[{"time":"2016-03-30","value":105155},{"time":"2017-03-30","value":-152984},{"time":"2018-03-30","value":127032000},{"time":"2019-03-30","value":117597000},{"time":"2020-03-30","value":131309000},{"time":"2021-03-30","value":275671000},{"time":"2022-03-30","value":514671000},{"time":"2023-03-30","value":777285000}],"ROE":[{"time":"2016-03-30","value":-4.678797964908944},{"time":"2017-03-30","value":3.779081472572295},{"time":"2018-03-30","value":0.151402796145853},{"time":"2019-03-30","value":0.0607753599156441},{"time":"2020-03-30","value":0.1685337638699556},{"time":"2021-03-30","value":0.5161696369948235},{"time":"2022-03-30","value":0.41068760431421236},{"time":"2023-03-30","value":0.2639186398811247}],"ROA":[{"time":"2016-03-30","value":-0.056650496889763556},{"time":"2017-03-30","value":-0.06731831366657066},{"time":"2019-03-30","value":-0.023789507880915675},{"time":"2020-03-30","value":0.08936922713952765},{"time":"2021-03-30","value":0.09926856876766346},{"time":"2022-03-30","value":0.08110005823330226},{"time":"2023-03-30","value":0.04640285350270368}]}
Freedom Holding Corp., through its subsidiaries, provides retail securities brokerage, research, investment counseling, securities trading, market making, retail banking, corporate investment banking, and underwriting services. The company offers investment brokerage services for exchange-traded and over-the-counter corporate equity and debt securities, money market instruments, exchange traded options and futures contracts, government bonds, and mutual funds; margin lending services collateralized by securities and cash in the customer's account; various investment education and training courses; investment research services; and commercial banking services, including payment cards, digital mortgages, and digital auto loans, as well as insurance products. It also provides capital raising solutions for corporate clients through initial public offerings and follow-on offerings; and debt capital markets solutions that focuses on structuring and distributing private and public debt for various purposes, including buyouts, acquisitions, growth capital financings, and recapitalizations. In addition, the company is involved in trading, investment, and brokerage activities. Further, it facilitates repurchase and reverse repurchase agreements in proprietary trading activities; and covers short positions and settle other securities obligations to accommodate customers' needs and finance its inventory positions. Additionally, the company offers Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Central Asia, Europe, the United States, Russia, and the Middle East/Caucasus. The company was formerly known as BMB Munai, Inc. and changed its name to Freedom Holding Corp. Freedom Holding Corp. was incorporated in 1981 and is headquartered in Almaty, Kazakhstan.
In the chart Earnings are multiplied by this value.
Earnings Growth 82%
Earnings Stability 28%
Competitiveness and MOAT
High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.
| Years | 03-2016 | 03-2017 | 03-2018 | 03-2019 | 03-2020 | 03-2021 | 03-2022 | 03-2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Margin | - | - | 35% | 9.6% | 18% | 40% | 37% | 26% | 24% |
| ROA | -5.7% | -6.7% | - | -2.4% | 8.9% | 9.9% | 8.1% | 4.6% | 5.4% |
| ROE | -470% | 380% | 15% | 6.1% | 17% | 52% | 41% | 26% | 32% |
What is the average Net Margin?
The average Net Margin over the past 5 years is +27.7%.
What is the trend of Net Margin?
The trend of Net Margin over the past 5 years is +1.73%.
What is the average Return on Assets (ROA)?
The average ROA over the past 5 years is +5.85%.
What is the trend of Return on Assets (ROA)?
The trend of ROA over the past 5 years is +1.32%.
What is the average Return on Equity (ROE)?
The average ROE over the past 5 years is +26.19%.
What is the trend of Return on Equity (ROE)?
The trend of ROE over the past 5 years is +5.6%.
Safety & Stabiliy
Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.
| Years | 03-2016 | 03-2017 | 03-2018 | 03-2019 | 03-2020 | 03-2021 | 03-2022 | 03-2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt FCF | - | - | - | - | - | 0.00 | - | - | - | |
| Debt Equity | - | - | - | - | - | 0.00 | - | - | - | |
| MIN | ||||||||||
| Graham Stability | - | - | - | 100% | 100% | 100% | 100% | 100% | 100% | |
What is the Debt/FCF?
The Debt/FCF trailing twelve month is -.
What is the trend of Debt/FCF?
The trend of Debt/FCF over the past 5 years is -.
What is the Graham’s Stability?
Graham’s Stability measure stands at 1.00.
Growth
Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.
| Years | 03-2016 | 03-2018 | 03-2020 | 03-2022 | Trend |
|---|---|---|---|---|---|
| Revenue | - | 70% | 87% | 41% | 0.89% |
| Net Income | - | 61% | 110% | -2.9% | -4.1% |
| Stockholders Equity | 260% | 44% | 81% | 51% | 19% |
| FCF | - | - | - | - | 1.3K% |
What is the 5 year Revenue CAGR?
The Revenue CAGR over the past 5 years is +70.5%.
What is the trend of Revenue growth?
The trend of Revenue growth rate over the past 5 years is +0.89%.
What is the 5 year Earnings CAGR?
The Earnings CAGR over the past 5 years is +60.55%.
What is the trend of Earnings growth?
The trend of Earnings growth rate over the past 5 years is -4.13%.
What is the 5 year Equity CAGR?
The Equity CAGR over the past 5 years is +43.66%.
What is the trend of Equity growth?
The trend of Equity growth rate over the past 5 years is +19.19%.
What is the 5 year FCF CAGR?
The FCF CAGR over the past 5 years is +114.71%.
What is the trend of FCF growth?
The trend of FCF growth rate over the past 5 years is +1.34K%.