Freedom Holding Corp

Chart & Performance

D1W1MN

P/E

21.50

P/S

4.94

EPS

6.20

Div Yield, %

0.00%

Shrs. gr., 5y

0.38%

Rev. gr., 5y

85.58%

Revenues

1.64b

+105.49%

Net income

376m

+83.07%

CFO

-1.06b

L+11.84%

Dividend

Sep 03, 2002301.80626000000007 USD/sh

Earnings

Feb 10, 2025

Profile

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.

URL

https://www.freedomholdingcorp.com/

IPO date

Aug 12, 1994

Employees

3,247

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑03	2023‑03	2022‑03	2021‑03	2020‑03	2019‑03	2018‑03	2017‑03	2016‑03	2015‑03
Income
Revenues	1,635,080 105.49%	795,693 40.91%	564,663 60.16%
Cost of revenue	691,107	325,137	137,221
Unusual Expense (Income)
NOPBT	943,973	470,556	427,442
NOPBT Margin	57.73%	59.14%	75.70%
Operating Taxes	60,419	42,776	25,525
Tax Rate	6.40%	9.09%	5.97%
NOPAT	883,554	427,780	401,917
Net income	375,540 83.07%	205,140 -9.83%	227,494 52.02%
Dividends
Dividend yield
Proceeds from repurchase of equity		677	119
BB yield		-0.02%	0.00%
Debt
Debt current	2,756,596	1,517,416	775,178
Long-term debt	313,766	3,709,339	133,195
Deferred revenue	60,088	43,082	17,985
Other long-term liabilities	6,752,473	4,179,700	34,816
Net debt	(1,514,924)	1,989,729	(2,260,342)
Cash flow
Cash from operating activities	(1,064,362)	(951,683)	(347,988)
CAPEX	(43,751)	(38,542)	(9,037)
Cash from investing activities	(638,222)	(1,463,244)	(8,703)
Cash from financing activities	1,674,572	2,133,381	453,684
FCF	1,585,256	380,452	396,530
Balance
Cash	761,705	3,233,026	1,829,027
Long term investments	3,823,581	4,000	1,339,688
Excess cash	4,503,532	3,197,241	3,140,482
Stockholders' equity	983,170	1,253,638	808,259
Invested Capital	4,041,598	(166,278)	630,113
ROIC	45.60%	184.45%	76.88%
ROCE	18.79%	43.25%	30.09%
EV
Common stock shares outstanding	59,363	59,505	59,378
Price	70.57 -1.80%	71.86 20.57%	59.60 11.69%
Market cap	4,189,246 -2.03%	4,276,016 20.83%	3,538,941 13.48%
EV	2,677,630	6,906,260	1,713,527
EBITDA	958,576	475,694	432,089
EV/EBITDA	2.79	14.52	3.97
Interest	501,111	208,947	75,899
Interest/NOPBT	53.09%	44.40%	17.76%