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Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, retail and commercial banking, and insurance products. It offers retail 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; securities trading; underwriting services; 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 business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company 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, as well as information processing services. In addition, 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. Further, the company offers proprietary trading and investment services; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Kazakhstan, Armenia, Cyprus, the United States, and internationally. The company was formerly known as BMB Munai, Inc. Freedom Holding Corp. is based in New York, New York.
Source: TradingView
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Freedom Holding Corp is a Nasdaq-listed financial holding company operating brokerage, investment banking and related capital-markets services through subsidiaries focused on Kazakhstan and other CIS and emerging markets. Long-term growth may be supported by expansion of retail investing in the region, cross-border access to global markets via digital platforms and acquisitions to scale services. Investors may find exposure to underserved emerging-market retail brokerage and platform-driven fee growth attractive.
Material risks include geopolitical and regulatory uncertainty in its primary markets, currency and market volatility, concentration from regional exposure and execution risk from cross-border expansion and regulatory compliance.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | 112.95M | 435.37M | 235.94M | 236.89M | 173.02M |
| Minority interest | 0.13M | 0.59M | 0.45M | 6.57M | -1.64M |
| Net income | 84.65M | 375.54M | 205.14M | 217.94M | 142.29M |
| Selling general administrative | 250.99M | 177.84M | 86.27M | - | 73.17M |
| Selling and marketing expenses | 124.63M | 38.33M | 14.06M | - | - |
| Gross profit | 1069.83M | 1164.18M | 570.88M | 483.43M | 279.45M |
| Reconciled depreciation | 17.16M | 14.60M | 5.14M | 4.65M | 3.83M |
| Ebit | 648.84M | 936.48M | 474.00M | 315.78M | 200.39M |
| Ebitda | 666.00M | 951.09M | 479.14M | 320.43M | 204.21M |
| Depreciation and amortization | 17.16M | 14.60M | 5.14M | 4.65M | 3.83M |
| Non operating income net other | - | - | 90.15M | - | - |
| Operating income | 631.77M | 926.79M | 193.16M | 315.78M | 200.39M |
| Other operating expenses | 1401.69M | 729.87M | 325.14M | 242.82M | 152.09M |
| Interest expense | 535.89M | 501.11M | 208.95M | 75.90M | 27.37M |
| Tax provision | 28.43M | 60.42M | 42.78M | 25.52M | 30.10M |
| Net interest income | -535.89M | -501.11M | -208.95M | -75.90M | -27.37M |
| Income tax expense | 28.43M | 60.42M | 42.78M | 25.52M | 30.10M |
| Total revenue | 2033.45M | 1656.66M | 795.69M | 564.66M | 352.55M |
| Total operating expenses | 438.06M | 237.40M | 100.33M | 161.59M | 79.00M |
| Cost of revenue | 963.62M | 492.47M | 224.81M | 81.23M | 73.10M |
| Total other income expense net | -518.82M | -491.42M | -25.67M | -78.88M | -27.37M |
| Discontinued operations | - | - | 12.42M | 12.42M | 12.42M |
| Net income from continuing ops | 84.52M | 374.95M | 193.16M | 211.37M | 203.12M |
| Net income applicable to common shares | - | - | 205.14M | 217.94M | 142.29M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 9914.02M | 8301.93M | 5084.56M | 2921.01M | 2018.64M |
| Intangible assets | 54.19M | 47.67M | 17.61M | 5.79M | 9.79M |
| Other current assets | 942.95M | 549.98M | 445.53M | 566.24M | 447.14M |
| Total liab | 8699.66M | 7134.97M | 4313.82M | 2413.33M | 1742.97M |
| Total stockholder equity | 1214.24M | 1163.65M | 777.28M | 514.67M | 277.31M |
| Deferred long term liab | - | - | - | - | 4.38M |
| Other current liab | 25.59M | 20.09M | 19.49M | 18.69M | 16.64M |
| Common stock | 0.06M | 0.06M | 0.06M | 0.06M | 0.06M |
| Capital stock | 0.06M | 0.06M | 0.06M | 0.06M | 0.06M |
| Retained earnings | 1085.57M | 998.74M | 647.06M | 426.56M | 208.63M |
| Other liab | - | - | 646.18M | 19.92M | 13.22M |
| Good will | 49.09M | 52.65M | 14.19M | 5.39M | 7.87M |
| Other assets | - | 5627.06M | 3757.80M | 1998.12M | 19.90M |
| Cash | 837.30M | 545.08M | 581.42M | 625.55M | 698.83M |
| Total current liabilities | 7215.32M | 6033.69M | 3588.67M | 2260.64M | 1630.93M |
| Current deferred revenue | 4392.19M | 2333.92M | 1925.25M | 1417.94M | 1163.70M |
| Net debt | 1116.08M | 2524.03M | 1026.35M | 267.51M | -187.05M |
| Short term debt | 1418.44M | 2756.60M | 1517.42M | 775.18M | 426.71M |
| Short long term debt | 1418.44M | 2756.60M | 1517.42M | 775.18M | 426.71M |
| Short long term debt total | 1953.38M | 3069.11M | 1607.76M | 893.06M | 511.78M |
| Other stockholder equity | 246.61M | 183.79M | 164.16M | 141.34M | 104.67M |
| Property plant equipment | - | - | 54.02M | 37.03M | 18.39M |
| Total current assets | 9501.88M | 8075.41M | 4958.64M | 2854.57M | 1960.46M |
| Long term investments | 69.74M | 0.37M | 2412.56M | - | 736.19M |
| Net tangible assets | - | - | 745.48M | 503.49M | 258.02M |
| Short term investments | 2748.87M | 3905.24M | 2651.61M | 1203.48M | 736.19M |
| Net receivables | 4966.36M | 3072.84M | 1223.81M | 459.30M | 78.30M |
| Long term debt | 494.41M | 276.72M | 60.02M | 102.56M | 68.44M |
| Inventory | 6.40M | 2.27M | - | - | - |
| Accounts payable | 1343.84M | 886.24M | 126.52M | 48.83M | 23.88M |
| Noncontrolling interest in consolidated entity | - | - | -6.55M | - | - |
| Accumulated other comprehensive income | -118.00M | -18.94M | -34.00M | -53.29M | -36.05M |
| Common stock total equity | - | - | 0.06M | - | 0.06M |
| Retained earnings total equity | - | - | 647.06M | - | 208.63M |
| Non currrent assets other | 8.19M | 6.50M | 5.75M | 6.21M | 8.89M |
| Non current assets total | 412.13M | 226.51M | 125.91M | 66.44M | 58.19M |
| Capital lease obligations | 40.52M | 35.79M | 30.32M | 15.31M | 13.25M |
| Long term debt total | - | - | 60.02M | - | 68.44M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | -905.47M | -638.22M | -17.95M | -8.70M | 6.44M |
| Change to liabilities | - | - | -78.00M | 375.95M | 877.81M |
| Total cashflows from investing activities | -905.47M | -638.22M | -1463.24M | -8.70M | 97.04M |
| Net borrowings | 230.78M | 269.02M | 45.95M | 431.96M | 3.63M |
| Total cash from financing activities | -1.58M | 1674.57M | 2133.38M | 453.68M | 348.41M |
| Change to operating activities | - | - | -39.73M | -90.51M | -3.01M |
| Net income | 84.52M | 375.54M | 193.16M | 211.37M | 142.92M |
| Change in cash | 637.05M | -19.22M | -203.35M | 42.44M | 1006.98M |
| Begin period cash flow | 1007.72M | 1026.94M | 1230.30M | 1136.79M | 129.81M |
| End period cash flow | 1644.77M | 1007.72M | 1026.94M | 1179.23M | 1136.79M |
| Total cash from operating activities | 1681.06M | -1064.36M | -951.68M | -347.99M | 565.30M |
| Depreciation | 17.16M | 14.60M | 5.14M | 4.65M | 3.83M |
| Other cashflows from investing activities | -435.67M | -571.14M | -1406.75M | -629.74M | 94.77M |
| Change to inventory | - | - | - | - | -498.36M |
| Change to account receivables | -1743.60M | -1272.65M | -253.30M | -313.69M | 49.30M |
| Sale purchase of stock | - | - | 0.68M | - | 0.12M |
| Other cashflows from financing activities | -232.36M | 1405.55M | 2176.44M | 470.39M | 356.76M |
| Change to netincome | - | - | -1031.60M | 111.98M | -503.88M |
| Capital expenditures | 95.33M | 43.75M | 38.54M | 9.04M | 4.16M |
| Change receivables | - | - | -224.18M | - | 50.86M |
| Cash flows other operating | - | - | 376.96M | - | -6.25M |
| Cash and cash equivalents changes | - | - | -281.55M | - | 698.83M |
| Change in working capital | -5.54M | -448.46M | -1052.54M | -682.55M | 426.44M |
| Stock based compensation | 59.59M | 22.72M | 9.29M | 15.74M | 1.66M |
| Other non cash items | 1545.03M | -1029.56M | -105.93M | 120.26M | -12.30M |
| Free cash flow | 1585.73M | -1108.11M | -990.23M | -357.02M | 561.14M |
Sector: Financial Services Industry: Financial Conglomerates
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| FRHC Freedom Holding Corp |
3.33 1.81% |
187.00 | 7771.00 | 12.29 | 6.39 | 7.07 | 4.34 | 16.40 |
| SBHGF SBI Holdings Inc |
-1.50 8.11% |
17.00 | 5.19 | 13.76 | 0.01 | 1.13 | 1.85 | 6.42 |
| CGXYF China Galaxy Securities Co. Ltd |
- -% |
1.00 | 9.09 | 11.45 | 0.34 | 0.56 | 12.31 | - |
| SREDY Storebrand ASA ADR |
- -% |
38.80 | 17.65 | 14.24 | 0.08 | 2.61 | 1.01 | - |
| VOYA Voya Financial Inc |
-0.34 0.35% |
98.05 | 12.16 | 8.29 | 1.09 | 2.46 | 1.63 | - |
Freedom Holding Corp., through its subsidiaries, provides securities brokerage, securities dealing, market making, investment research, investment counseling, retail and commercial banking, and insurance products. It offers retail 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; securities trading; underwriting services; 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 business and digital auto loans, as well as Freedom Box, a package of payment acquiring services. The company 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, as well as information processing services. In addition, 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. Further, the company offers proprietary trading and investment services; and Tradernet software platform for client margin risk evaluation and middle office security transfer requests. It operates in Kazakhstan, Armenia, Cyprus, the United States, and internationally. The company was formerly known as BMB Munai, Inc. Freedom Holding Corp. is based in New York, New York.
40 Wall Street, New York, NY, United States, 10005
212 980 4400
10747
| Name | Title | Year Born |
|---|---|---|
| Mr. Timur Ruslanovich Turlov | CEO & Chairman | 1988 |
| Mr. Askar Bolatovich Tashtitov | Pres & Director | 1979 |
| Mr. Evgeniy Oskarovich Ler | Chief Financial Officer | 1983 |
| Ms. Liudmila Kiriaku | VP of Compliance | 1982 |
| Mr. Adam R. Cook | Corp. Sec. | 1973 |
| Mr. Timur Ruslanovich Turlov | CEO & Chairman of the Board | 1988 |
| Mr. Askar Bolatovich Tashtitov | President & Director | 1979 |
| Mr. Evgeny Oskarovich Ler | Chief Financial Officer | 1983 |
| Mr. Renat Tukanov | Chief Technology Officer | 1980 |
| Mr. Adam R. Cook | Corporate Secretary | 1973 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
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Basic Materials
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Communication Services
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Consumer Cyclical
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Consumer Defensive
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Financial Services
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