FREEDOM HOLDING CORP/NV (FRHC) Stock Fundamental Analysis
NASDAQ:FRHC - Nasdaq - US3563901046 - Common Stock - Currency: USD
FRHC gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 233 industry peers in the Capital Markets industry. While FRHC is still in line with the averages on profitability rating, there are concerns on its financial health. FRHC is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
FRHC had positive earnings in the past year.
FRHC had a positive operating cash flow in the past year.
FRHC had positive earnings in each of the past 5 years.
The reported operating cash flow has been mixed in the past 5 years: FRHC reported negative operating cash flow in multiple years.
1.2 Ratios
FRHC has a Return On Assets of 0.85%. This is in the lower half of the industry: FRHC underperforms 66.95% of its industry peers.
FRHC has a Return On Equity (6.97%) which is comparable to the rest of the industry.
Looking at the Return On Invested Capital, with a value of 11.05%, FRHC belongs to the top of the industry, outperforming 85.41% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for FRHC is significantly above the industry average of 7.86%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 6.97% | ||
| ROIC | 11.05% |
ROA(3y)3.14%
ROA(5y)4.72%
ROE(3y)21.88%
ROE(5y)32.14%
ROIC(3y)12.87%
ROIC(5y)12.67%
1.3 Margins
FRHC has a Profit Margin of 4.26%. This is in the lower half of the industry: FRHC underperforms 67.38% of its industry peers.
FRHC's Profit Margin has declined in the last couple of years.
FRHC's Operating Margin of 29.44% is in line compared to the rest of the industry. FRHC outperforms 54.94% of its industry peers.
In the last couple of years the Operating Margin of FRHC has remained more or less at the same level.
Looking at the Gross Margin, with a value of 66.00%, FRHC is in the better half of the industry, outperforming 71.67% of the companies in the same industry.
FRHC's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 29.44% | ||
| PM (TTM) | 4.26% | ||
| GM | 66% |
OM growth 3Y-22.66%
OM growth 5Y-1.08%
PM growth 3Y-49.56%
PM growth 5Y-27.11%
GM growth 3Y-6.02%
GM growth 5Y-4.18%
2. Health
2.1 Basic Checks
Compared to 1 year ago, FRHC has more shares outstanding
The number of shares outstanding for FRHC has been increased compared to 5 years ago.
FRHC has a better debt/assets ratio than last year.
2.2 Solvency
FRHC has an Altman-Z score of 1.18. This is a bad value and indicates that FRHC is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.18, FRHC is in line with its industry, outperforming 56.65% of the companies in the same industry.
The Debt to FCF ratio of FRHC is 1.19, which is an excellent value as it means it would take FRHC, only 1.19 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 1.19, FRHC belongs to the top of the industry, outperforming 87.12% of the companies in the same industry.
A Debt/Equity ratio of 1.55 is on the high side and indicates that FRHC has dependencies on debt financing.
FRHC has a worse Debt to Equity ratio (1.55) than 74.25% of its industry peers.
Although FRHC does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 1.19 | ||
| Altman-Z | 1.18 |
ROIC/WACCN/A
WACCN/A
2.3 Liquidity
A Current Ratio of 0.95 indicates that FRHC may have some problems paying its short term obligations.
With a Current ratio value of 0.95, FRHC is not doing good in the industry: 60.09% of the companies in the same industry are doing better.
A Quick Ratio of 0.95 indicates that FRHC may have some problems paying its short term obligations.
FRHC's Quick ratio of 0.95 is in line compared to the rest of the industry. FRHC outperforms 43.78% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 |
3. Growth
3.1 Past
The earnings per share for FRHC have decreased strongly by -78.36% in the last year.
The Earnings Per Share has been growing by 26.62% on average over the past years. This is a very strong growth
FRHC shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.19%.
Measured over the past years, FRHC shows a very strong growth in Revenue. The Revenue has been growing by 75.39% on average per year.
EPS 1Y (TTM)-78.36%
EPS 3Y-28.51%
EPS 5Y26.62%
EPS Q2Q%-251.31%
Revenue 1Y (TTM)19.19%
Revenue growth 3Y42.6%
Revenue growth 5Y75.39%
Sales Q2Q%-27.15%
3.2 Future
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
4. Valuation
4.1 Price/Earnings Ratio
FRHC is valuated quite expensively with a Price/Earnings ratio of 125.12.
FRHC's Price/Earnings ratio is a bit more expensive when compared to the industry. FRHC is more expensive than 77.68% of the companies in the same industry.
When comparing the Price/Earnings ratio of FRHC to the average of the S&P500 Index (27.48), we can say FRHC is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 125.12 | ||
| Fwd PE | N/A |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, FRHC is valued a bit cheaper than the industry average as 79.83% of the companies are valued more expensively.
81.55% of the companies in the same industry are more expensive than FRHC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 6.62 | ||
| EV/EBITDA | 15.59 |
4.3 Compensation for Growth
PEG (NY)N/A
PEG (5Y)4.7
EPS Next 2YN/A
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for FRHC!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
171.42
+12.09 (+7.59%)
Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)
Earnings (Next)
Inst Owners2.03%
Inst Owner Change0%
Ins Owners1.02%
Ins Owner Change1.77%
Market Cap10.49B
Analysts0
Price TargetN/A
Short Float %4.04%
Short Ratio4.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 125.12 | ||
| Fwd PE | N/A | ||
| P/S | 5.28 | ||
| P/FCF | 6.62 | ||
| P/OCF | 6.24 | ||
| P/B | 8.64 | ||
| P/tB | 9.44 | ||
| EV/EBITDA | 15.59 |
EPS(TTM)1.37
EY0.8%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)25.91
FCFY15.11%
OCF(TTM)27.46
OCFY16.02%
SpS32.45
BVpS19.84
TBVpS18.15
PEG (NY)N/A
PEG (5Y)4.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 0.85% | ||
| ROE | 6.97% | ||
| ROCE | 20.59% | ||
| ROIC | 11.05% | ||
| ROICexc | 13.76% | ||
| ROICexgc | 14.19% | ||
| OM | 29.44% | ||
| PM (TTM) | 4.26% | ||
| GM | 66% | ||
| FCFM | 79.83% |
ROA(3y)3.14%
ROA(5y)4.72%
ROE(3y)21.88%
ROE(5y)32.14%
ROIC(3y)12.87%
ROIC(5y)12.67%
ROICexc(3y)15.36%
ROICexc(5y)14.75%
ROICexgc(3y)15.7%
ROICexgc(5y)14.99%
ROCE(3y)30.86%
ROCE(5y)27.65%
ROICexcg growth 3Y-4.1%
ROICexcg growth 5Y-1.29%
ROICexc growth 3Y-4.92%
ROICexc growth 5Y-1.3%
OM growth 3Y-22.66%
OM growth 5Y-1.08%
PM growth 3Y-49.56%
PM growth 5Y-27.11%
GM growth 3Y-6.02%
GM growth 5Y-4.18%
F-Score4
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.55 | ||
| Debt/FCF | 1.19 | ||
| Debt/EBITDA | 3.14 | ||
| Cap/Depr | 555.59% | ||
| Cap/Sales | 4.8% | ||
| Interest Coverage | 1.14 | ||
| Cash Conversion | 279.29% | ||
| Profit Quality | 1873.28% | ||
| Current Ratio | 0.95 | ||
| Quick Ratio | 0.95 | ||
| Altman-Z | 1.18 |
F-Score4
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)535.11%
Cap/Depr(5y)365.28%
Cap/Sales(3y)4.06%
Cap/Sales(5y)2.69%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-78.36%
EPS 3Y-28.51%
EPS 5Y26.62%
EPS Q2Q%-251.31%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)19.19%
Revenue growth 3Y42.6%
Revenue growth 5Y75.39%
Sales Q2Q%-27.15%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-39.59%
EBIT growth 3Y10.29%
EBIT growth 5Y73.49%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y243.1%
FCF growth 3YN/A
FCF growth 5Y109.13%
OCF growth 1Y257.94%
OCF growth 3YN/A
OCF growth 5Y106.96%