FRHC
Premium GrowerFreedom Holdings Corp. · Financial Services · United States · $10.9B cap · $17.4M/day traded
$158.01 -3.5% · close 12 Nov · scored 13 Nov
Score down 1.6 since 12 Nov.
Premium Grower: Strong business with the market behind it, priced at a premium.
As of 13 Nov 2026, the MoatMap Score for Freedom Holdings Corp. (FRHC) is 33/100, ranked against 25,000+ stocks in 38 markets (Quality 55, Value 11, Momentum 57, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT FREEDOM HOLDINGS CORP.
Read
Freedom Holding Corp. provides retail securities brokerage, investment banking, and financial services primarily in Central Asia, Europe, and the United States. The company holds a dominant, near-monopolistic market share in Kazakhstan's retail brokerage sector and offers unique access to international capital markets for regional investors. It operates as a rapidly growing financial conglomerate with an expanding digital banking and insurance ecosystem.
FINANCIAL SUMMARY (USD)
| Year | 2023 | 2024 | 2025 | 2026 | CAGR | TTM |
|---|---|---|---|---|---|---|
| Revenue | 795.7M | 1.6B | 2.0B | 2.2B | 39.6% | 1.8B |
| EPS | 3.50 | 6.43 | 1.28 | 2.56 | -9.9% | 2.52 |
| Shares | 59.7M | 60.3M | 61.0M | 61.3M | +2.7% | 63.8M |
| Debt | 1.6B | 3.1B | 2.0B | 2.4B | 14.8% | 2.8B |
| Equity | 777.3M | 1.2B | 1.2B | 1.5B | 24.2% | — |
| Op CF | -951.7M | -1.1B | 1.7B | 185.2M | -89.0% | -637.2M |
| Inv CF | -1.5B | -638.2M | -905.5M | -1.0B | — | — |
| Fin CF | 2.1B | 1.7B | -1.6M | 1.2B | — | — |
Above its 200-day average and 17% below its 52-week high.
Swung more than 58% of stocks we rank over the past year (volatility 47% a year).
How this is worked out
The Price check reads only the chart, the price side of the Momentum score in words; it is not the MoatMap Score.
- Still falling: It set a new 52-week low in the last two weeks, after a deep fall.
- Finding a floor: It fell hard, but has set no new low for more than two weeks.
- Turning up: It has climbed off its low and is back above a rising 50-day average.
- In an uptrend (this stock): It is near its 52-week high and above its 200-day average.
- No clear trend: None of the above: no recent deep fall and no steady climb.
- No read yet: Not enough price history yet: it needs a year of trading.
In past US falls, waiting for Turning up cut the chance of another 20% drop from 42% to 33%. Returns were no better, and 33% of turns failed.
The exact rules
Still falling is a new 52-week low in the last two weeks, at least 25% below the high, with the low set after the high. Finding a floor is the same fall with no new low in the last two weeks. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average, with the 50-day average above the 200-day, and within 15% of the high. No clear trend is everything else. No read yet is under 252 trading days of history, or missing data. A new state shows once it has held for three trading days.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Financial Services, ranked by industry match, size, and score similarity. Cross-listings of FRHC are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| FRHC | Freedom Holdings Corp.(you) | $10.9B | 33 |
| VOYA | Voya Financial, Inc. | $8.7B | 50 |
| HTH | Hilltop Holdings Inc. | $2.1B | 38 |
| TMS | Teamshares Inc. | $391M | 19 |
| RILY | BRC Group Holdings, Inc. | $135M | 19 |
| ALLY | Ally Financial Inc. | $11.9B | 34 |
| FHN | First Horizon Corporation | $11.1B | 38 |
| UNM | Unum Group | $14.3B | 30 |
| GLXY | Galaxy Digital | $8.7B | 29 |
| EVR | Evercore Inc. | $9.7B | 39 |
Peer medians: ROE 9.6% · P/E 12.8x · Gross margin 70.8%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.