Freedom Holding Corp. Common Stock (FRHC)

FairStock Score: 14/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I approach Freedom Holding as a financial conglomerate first, not a stock chart. Its segments span brokerage, banking, insurance, and other services, but the filed numbers do not show a smooth compounding machine. In fiscal year 2024, the year ended 2024-03-31, revenue was $21.6M and net income was $379.1M. In fiscal year 2025, the year ended 2025-03-31, revenue was $40.1M and net income fell to $76.3M. In fiscal year 2026, the year ended 2026-03-31, revenue reached $97.4M and net income recovered to $153.3M. In fiscal Q1 2027, the quarter ended 2026-06-30, revenue was $41.5M, net income $31.7M, and diluted EPS $0.52. The revenue base is growing, but the earnings pattern is erratic, and reported EPS has not followed a clean upward path. At the 2026-10-13 close of $172.15, FairStock calculates a P/E of 71.43 and P/B of 6.89. That is a premium price. FairStock also calculates ROE of 10.68%, ROCE of 1.24%, a Piotroski F-Score of 4/9, and a PEG of 0.68. The PEG is the only metric that looks forgiving, but it rests on volatile growth. Leverage, with D/E of 1.82, is high for a financial company, and bank-specific measures such as CET1, net interest margin, and combined ratio are not in the data. FairStock's Lynch category is SLOW GROWER, based on profit growth of 0.5% a year over five years and revenue of -22.4%, while its overall FairStock score is 14/100. I see no clear durable moat here; the business competes across regulated, capital-intensive fields. The price already assumes much better consistency than the filings show. A conservative value investor would demand a wider margin of safety and more disclosure on credit and underwriting risk.

In plain English: Freedom Holding is a financial-services group that offers brokerage, banking, insurance and related products through subsidiaries. The business looks mixed: filed earnings have swung sharply, leverage is high, and some key banking and insurance risk measures are not available. At the recent close, the stock looks expensive relative to the company's profits and accounting value, and it pays no dividend.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q1 2027 10-Q (period ended 2026-06-30) · fiscal Q3 2026 10-Q (period ended 2025-12-31) · fiscal Q2 2026 10-Q (period ended 2025-09-30) · fiscal Q1 2026 10-Q (period ended 2025-06-30) · FY2026 10-K (period ended 2026-03-31) · FY2025 10-K (period ended 2025-03-31) · FY2024 10-K (period ended 2024-03-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer