Freedom Holding Corp. (FRHC) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Freedom Holding Corp. (FRHC) stock forecast summary
Our AI ranks Freedom Holding Corp. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Freedom Holding Corp. is a large-cap company with a market capitalization of $11.10B. It ranks number 8 by market capitalization among the 26 Security Brokers, Dealers & Flotation Companies issuers in our coverage with a current forecast. Its P/E Ratio of 71.77x is the highest of the 19 peers that report one.
For FRHC, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 36.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 33.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How FRHC ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Freedom Holding Corp. (FRHC) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Security Brokers, Dealers & Flotation Companies peers listed below that report each metric.
Valuation & Market
| Metric | FRHC | Rank |
|---|---|---|
| Market Cap | $11.10B | 8/26 |
| P/E Ratio | 71.77x | 1/19 |
| P/B Ratio | 7.23x | 4/21 |
| EPS | $2.53 | – |
| Book Value/Share | $25.11 | – |
| Revenue/Share | $39.09 | – |
| FCF/Share | $-14.46 | – |
Profitability & Margins
| Metric | FRHC | Rank |
|---|---|---|
| ROE | 10.1% | 13/18 |
| ROA | 1.1% | 12/16 |
| Gross Margin | 95.8% | – |
| Net Margin | 6.5% | 12/17 |
| EBT Margin | 9.5% | 15/21 |
| Tax Rate | 31.7% | – |
Financial Health
| Metric | FRHC | Rank |
|---|---|---|
| D/E Ratio | 8.15x | 10/23 |
| Financial Leverage | 9.15x | 9/21 |
| Interest Coverage | -13.2x | 9/12 |
Cash Flow
| Metric | FRHC | Rank |
|---|---|---|
| Operating Cash Flow | -$637M | 19/22 |
| Free Cash Flow | -$884M | 12/14 |
| Capital Spending | -$247M | 12/14 |
| OCF Growth YoY | -148.7% | 15/15 |
| FCF Growth YoY | -173.3% | 11/11 |
| FCF/Sales | -37.0% | 13/14 |
| CapEx/Sales | 10.3% | 1/14 |
Operational Efficiency
| Metric | FRHC | Rank |
|---|---|---|
| Asset Turnover | 0.17x | 10/17 |
| Fixed Assets Turnover | 6.4x | 16/16 |
Income Statement
| Metric | FRHC | Rank |
|---|---|---|
| Total Revenue | $2.39B | 11/21 |
| Net Income | $155M | 11/18 |
| Cost of Goods Sold | $101M | – |
Dividend & Shareholder Information
| Metric | FRHC | Rank |
|---|---|---|
| Shares Outstanding | 61M | – |
| Net Income Growth | 91.7% | 3/16 |
| EPS Growth | 90.2% | 4/17 |
Balance Sheet Highlights (USD millions)
| Cash & Short-term Investments | $1.35B | 9.6% of assets |
| Total Liabilities | $12.51B | 89.1% of assets |
FRHC quarterly financials and insider trading
Freedom Holding Corp. (FRHC) industry peers
Companies classified under the same SEC industry code as Freedom Holding Corp. (Security Brokers, Dealers & Flotation Companies): 27 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| FRHC Freedom Holding Corp. | ▼ | $11.10B |
| MS Morgan Stanley | ▶ | $283.60B |
| GS Goldman Sachs Group Inc | ▲ | $256.60B |
| HOOD Robinhood Markets, Inc. | ▲ | $88.89B |
| IBKR Interactive Brokers Group, Inc. | ▶ | $36.94B |
| RJF Raymond James Financial Inc | ▶ | $30.16B |
| NMR Nomura Holdings Inc | ▼ | $26.81B |
| SEIC Sei Investments Co | ▼ | $12.53B |
| SF Stifel Financial Corp | ▲ | $10.46B |
| JEF Jefferies Financial Group Inc. | ▲ | $10.33B |
| VIRT Virtu Financial, Inc. | ▶ | $8.82B |
| GLXY Galaxy Digital Inc. | ▼ | $6.31B |
| MKTX Marketaxess Holdings Inc | ▼ | $5.79B |
| PIPR Piper Sandler Companies | ▲ | $4.57B |
| WT Wisdomtree, Inc. | ▲ | $3.24B |
| MIAX Miami International Holdings, Inc. | ▲ | $3.07B |
| ETOR Etoro Group Ltd. | ▼ | $2.04B |
| JSM Navient Corp | ▲ | $1.50B |
| OPY Oppenheimer Holdings Inc | ▲ | $1.08B |
| ACGP Associated Capital Group, Inc. | ▼ | $669M |
| MTC Mmtec, Inc. | ▶ | $604M |
| CSHR Coinshares Plc | ▲ | $511M |
| SIEB Siebert Financial Corp | ▲ | $85M |
| COHN Cohen & Co Inc. | ▶ | $69M |
| DOMH Dominari Holdings Inc. | ▲ | $47M |
| LGHL Lion Group Holding Ltd | ▼ | $130K |
| GLDI Credit Suisse Ag | ▼ | N/A |
Where FRHC sits on the market map
Freedom Holding Corp. (FRHC) stock news
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Freedom Holding Corp. (FRHC) stock forecast FAQ
What is the Freedom Holding Corp. (FRHC) stock forecast?
Our AI ranks Freedom Holding Corp. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Freedom Holding Corp. stock predictions?
For FRHC, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 36.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 33.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Freedom Holding Corp. forecasts updated?
Freedom Holding Corp. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Freedom Holding Corp.'s industry peers?
27 issuers in our coverage, FRHC included, share the SEC industry code Security Brokers, Dealers & Flotation Companies. The largest are: Morgan Stanley (MS), Goldman Sachs Group Inc (GS), Robinhood Markets, Inc. (HOOD), Interactive Brokers Group, Inc. (IBKR), Raymond James Financial Inc (RJF), Nomura Holdings Inc (NMR).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.