Freedom Holdings Corp. (FRHC)Financial Services | Financial Conglomerates | New York, United States | NasdaqCM
172.15 USD
+4.14
(2.464%)
⇧
(Oct. 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 10:54 a.m. EDT
The investment case for Freedom Holdings is currently compromised by deteriorating operational fundamentals and a lack of shareholder returns. Despite reporting strong top-line revenue growth of nearly 28%, the company is bleeding cash with negative operating cash flow and shrinking earnings (-15% quarterly growth). This disconnect between growing sales and collapsing profitability suggests margin compression or aggressive accounting adjustments that threaten the quality of earnings. The balance sheet presents a significant liability; the company carries substantial debt relative to equity (181% D/E) and operates with thin operating margins (5%). With no dividend to provide income and a high P/E ratio indicating the market is pricing in perfection that isn't currently being delivered, the risk/reward profile is skewed against the buyer. Options activity confirms this pessimism. The market is building a massive defensive wall with deep out-of-the-money puts, indicating a fear of a sharp decline rather than confidence in a rally. While the statistical forecast shows a slight upward lean, it is statistically weak and contradicted by the fundamental reality of cash burn. Until the company demonstrates a path to positive free cash flow and stabilizes its margins, the structural risks outweigh the potential for a turnaround. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.043636 |
| MSTL | 0.060287 |
| AutoETS | 0.063978 |
| AutoARIMA | 0.063978 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 41% |
| H-stat | 1.44 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.328 |
| Excess Kurtosis | -1.02 |
| Attribute | Value |
|---|---|
| Sector | Financial Services |
| Ex Dividend Date | 2002-09-02 |
| Debt to Equity Ratio | 181.589 |
| Revenue per Share | 29.141 |
| Market Cap | 10,981,046,272 |
| Trailing P/E | 68.31 |
| Forward P/E | 38.26 |
| Beta | 0.69 |
| Profit Margins | 8.43% |
| Website | https://www.freedomholdingcorp.com |
As of Oct. 10, 2026, 10:54 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and significant open interest walls at strikes well below the current price (e.g., 120, 140, 155). While there is some call activity at higher strikes (200), the overwhelming open interest concentration in deep OTM puts suggests a fear of a significant downside gap or a 'floor' scenario rather than a bullish breakout.
| Attribute | Value |
|---|---|
| 52 Week Change | -0.023084104 |
| Address1 | 40 Wall Street |
| Address2 | 58th Floor |
| All Time High | 194.01 |
| All Time Low | 5.4 |
| Ask | 183.78 |
| Ask Size | 2 |
| Audit Risk | 8 |
| Average Daily Volume10 Day | 108,490 |
| Average Daily Volume3 Month | 108,407 |
| Average Volume | 108,407 |
| Average Volume10Days | 108,490 |
| Beta | 0.694 |
| Bid | 154.66 |
| Bid Size | 2 |
| Board Risk | 7 |
| Book Value | 24.993 |
| City | New York |
| Compensation As Of Epoch Date | 1,798,675,200 |
| Compensation Risk | 9 |
| Country | United States |
| Crypto Tradeable | 0 |
| Currency | USD |
| Current Price | 172.15 |
| Current Ratio | 1.229 |
| Custom Price Alert Confidence | HIGH |
| Date Short Interest | 1,790,726,400 |
| Day High | 173.46 |
| Day Low | 167.36 |
| Debt To Equity | 181.589 |
| Display Name | Freedom |
| Dividend Date | 1,504,656,000 |
| Dividend Yield | 0.0 |
| Earnings Growth | -0.148 |
| Earnings Quarterly Growth | -0.152 |
| Earnings Timestamp | 1,786,365,000 |
| Earnings Timestamp End | 1,793,968,200 |
| Earnings Timestamp Start | 1,793,968,200 |
| Ebitda Margins | 0.0 |
| Enterprise To Revenue | 5.389 |
| Enterprise Value | 9,443,205,120 |
| Eps Forward | 4.5 |
| Eps Trailing Twelve Months | 2.52 |
| Esg Populated | 0 |
| Ex Dividend Date | 1,031,011,200 |
| Exchange | NCM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 164.3074 |
| Fifty Day Average Change | 7.8425903 |
| Fifty Day Average Change Percent | 0.047731206 |
| Fifty Two Week Change Percent | -2.3084104 |
| Fifty Two Week High | 178.0 |
| Fifty Two Week High Change | -5.850006 |
| Fifty Two Week High Change Percent | -0.032865204 |
| Fifty Two Week Low | 107.975 |
| Fifty Two Week Low Change | 64.174995 |
| Fifty Two Week Low Change Percent | 0.5943505 |
| Fifty Two Week Range | 107.975 - 178.0 |
| Financial Currency | USD |
| First Trade Date Milliseconds | 1,518,013,800,000 |
| Float Shares | 20,875,789 |
| Forward Eps | 4.5 |
| Forward P E | 38.255554 |
| Full Exchange Name | NasdaqCM |
| Full Time Employees | 12,100 |
| Fullday Change | 5.450012 |
| Fullday Change Percent | 3.2532532 |
| Fullday Price | 172.15 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Governance Epoch Date | 1,790,812,800 |
| Gross Margins | 0.84793 |
| Gross Profits | 1,485,875,968 |
| Has Pre Post Market Data | 1 |
| Held Percent Insiders | 0.67797995 |
| Held Percent Institutions | 0.035669997 |
| Implied Shares Outstanding | 63,787,666 |
| Industry | Financial Conglomerates |
| Industry Disp | Financial Conglomerates |
| Industry Key | financial-conglomerates |
| Is Earnings Date Estimate | 1 |
| Language | en-US |
| Last Fiscal Year End | 1,774,915,200 |
| Long Business Summary | 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 operates through four segments: Brokerage, Banking, Insurance, and Other. The Brokerage segment provides investment banking services, including M&A, underwriting and capital markets advisory; margin lending services collateralized by securities and cash in the customer's account; capital raising solutions; and debt capital markets solutions that focus on structuring and distributing private and public debt, including buyouts, acquisitions, growth capital financings, and recapitalizations, as well as information processing services. The Banking segment encompasses retail and commercial banking services, including deposits, multi-currency payment cards, consumer and SME loans, payment and acquiring solutions, and money transfers. The Insurance segment offers life and general insurance products, such as life, health, annuity, accident, property, casualty, civil liability, obligatory worker emergency insurance, travel insurance and reinsurance. The Other segment includes payment processing, online ticket sales, telecommunications, media, and cloud services, as well as proprietary securities trading; payment processing, entertainment ticketing sales, online air and railway ticket purchase aggregation and online retail trade and e-commerce services. The company offers repurchase and reverse repurchase agreements, securities borrowed and loaned transactions; covers short positions and settles other securities obligations; and a 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. The company is based in New York, New York. |
| Long Name | Freedom Holdings Corp. |
| Market | us_market |
| Market Cap | 10,981,046,272 |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_317578100 |
| Most Recent Quarter | 1,782,777,600 |
| Net Income To Common | 147,632,000 |
| Next Fiscal Year End | 1,806,451,200 |
| Non Diluted Market Cap | 11,048,661,627 |
| Open | 167.36 |
| Operating Cashflow | -637,233,984 |
| Operating Margins | 0.05009 |
| Overall Risk | 8 |
| Payout Ratio | 0.0 |
| Phone | 212 980 4400 |
| Previous Close | 168.01 |
| Price Hint | 2 |
| Price To Book | 6.8879285 |
| Price To Sales Trailing12 Months | 6.266472 |
| Profit Margins | 0.08425 |
| Quick Ratio | 1.076 |
| Quote Source Name | Delayed Quote |
| Quote Type | EQUITY |
| Recommendation Key | none |
| Region | US |
| Regular Market Change | 4.14 |
| Regular Market Change Percent | 2.46414 |
| Regular Market Day High | 173.46 |
| Regular Market Day Low | 167.36 |
| Regular Market Day Range | 167.36 - 173.46 |
| Regular Market Open | 167.36 |
| Regular Market Previous Close | 168.01 |
| Regular Market Price | 172.15 |
| Regular Market Time | 1,791,921,601 |
| Regular Market Volume | 52,495 |
| Return On Assets | 0.01244 |
| Return On Equity | 0.106809996 |
| Revenue Growth | 0.278 |
| Revenue Per Share | 29.141 |
| Sand P52 Week Change | 0.17502642 |
| Sector | Financial Services |
| Sector Disp | Financial Services |
| Sector Key | financial-services |
| Share Holder Rights Risk | 6 |
| Shares Outstanding | 63,787,666 |
| Shares Percent Shares Out | 0.0163 |
| Shares Short | 1,037,674 |
| Shares Short Previous Month Date | 1,788,134,400 |
| Shares Short Prior Month | 906,085 |
| Short Name | Freedom Holding Corp. |
| Short Percent Of Float | 0.0493 |
| Short Ratio | 12.3 |
| Source Interval | 15 |
| State | NY |
| Symbol | FRHC |
| Total Cash | 4,325,727,232 |
| Total Cash Per Share | 67.814 |
| Total Debt | 2,787,885,056 |
| Total Revenue | 1,752,349,056 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Eps | 2.52 |
| Trailing P E | 68.31349 |
| Trailing Peg Ratio | None |
| Triggerable | 1 |
| Two Hundred Day Average | 145.56975 |
| Two Hundred Day Average Change | 26.580246 |
| Two Hundred Day Average Change Percent | 0.18259457 |
| Type Disp | Equity |
| Volume | 52,495 |
| Website | https://www.freedomholdingcorp.com |
| Zip | 10,005 |