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Freedom Holding's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was $253 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was $923 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Freedom Holding's annualized ROC % for the quarter that ended in Sep. 2024 was 14.39%. Freedom Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 643.02%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. Freedom Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 14.35%.
The historical data trend for Freedom Holding's EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Freedom Holding Annual Data | |||||||||||||||||||||
Trend | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | Mar24 | |||||||||||
EBIT | Get a 7-Day Free Trial | 39.29 | 174.25 | 440.64 | 444.89 | 936.48 |
Freedom Holding Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
EBIT | Get a 7-Day Free Trial | 274.07 | 242.84 | 239.95 | 187.32 | 253.15 |
For the Capital Markets subindustry, Freedom Holding's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Capital Markets industry and Financial Services sector, Freedom Holding's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Freedom Holding's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $923 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Freedom Holding (NAS:FRHC) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
Freedom Holding's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:
ROC % (Q: Sep. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Jun. 2024 ) | + | Invested Capital (Q: Sep. 2024 )) | / count ) |
= | 980.3 * ( 1 - 10.9% ) | / | ( (5700.414 | + | 6435.454) | / 2 ) |
= | 873.4473 | / | 6067.934 | |||
= | 14.39 % |
where
Invested Capital | (Q: Jun. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 8483.56 | - | 887.518 | - | ( 4375.474 | - | max(0, 6216.742 | - | 8112.37 | + | 4375.474 | )) |
= | 5700.414 |
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 8816.255 | - | 346.205 | - | ( 4454.877 | - | max(0, 6333.532 | - | 8368.128 | + | 4454.877 | )) |
= | 6435.454 |
Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
Freedom Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Sep. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Jun. 2024 | Q: Sep. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 1012.608 | / | ( ( (135.48 + max(-1246.065, 0)) | + | (179.474 + max(-1215.347, 0)) ) | / | 2 ) |
= | 1012.608 | / | ( ( 135.48 | + | 179.474 ) | / | 2 ) |
= | 1012.608 | / | 157.477 | ||||
= | 643.02 % |
where Working Capital is:
Working Capital | (Q: Jun. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1232.373 | + | 0 | + | 1179.51) | - | (887.518 | + | 2770.43 | + | 0) |
= | -1246.065 |
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1638.403 | + | 0 | + | 895.651) | - | (346.205 | + | 3403.196 | + | 9.0949470177293E-13) |
= | -1215.347 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
Freedom Holding's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Sep. 2024 ) |
= | 923.259 | / | 6432.067 | |
= | 14.35 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of Freedom Holding's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Robert Wotczak | officer: CEO - Prime Executions | C/O TOMI ENVIRONMENTAL SOLUTIONS, INC., 5111 PEGASUS COURT, FREDERICK MD 21704 |
Renat Tukanov | officer: CHIEF TECHNOLOGY OFFICER | "ESENTIA TOWER" BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Sergey Lukyanov | officer: *See Remarks | ESENTAI TOWER BC, FLOOR 7, 77/7 AL FARABI AVE, ALMATY 1P 050040 |
Evgeny Ler | officer: Chief Financial Officer | 202 DOSTYK AVE, 4TH FLOOR, ALMATY 1P 050051 |
Liudmila Kiriaku | officer: VP of Compliance until 8/18/23 | CHIRSTAKI KRANOU 20 C TOWER 5TH FL, LIMASSOL G4 4041 |
Boris Cherdabayev | 10 percent owner, officer: Chief Operating Officer | C/O POULTON & YORDAN, 324 SOUTH 400 WEST SUITE 250, SALT LAKE CITY UT 84101 |
Amber Williams | director | 324 SOUTH 400 WEST, SUITE 250, SALT LAKE CITY UT 84101 |
Askar Tashtitov | officer: President | KURMANGAZY ST 31, APT 38, ALMATY 1P 050051 |
Arkady V Rakhilkin | director | AL-FARABI 17, NURLY TAU 4B, OFFICE 104, ALMATY 1P 050059 |
Timur R Turlov | director, 10 percent owner, officer: Chief Executive Officer | VLANSKIY PER. 14B, AP. 67, MOSCOW 1Z 101000 |
Toleush Tolmakov | 10 percent owner, officer: Vice President | 202 DOSTYK AVE., 4TH FLOOR, ALMATY 1P 050051 |
Daymon M. Smith | director | 352 E. 426 N., ALPINE UT 84004 |
Anuarbek Baimoldin | officer: Chief Operating Officer | 202 DOSTYK AVE. 4TH FLOOR, ALMATY 1P 050051 |
Jason M Kerr | director | 1038 SOUTH 750 EAST, KAYSVILLE UT 84037 |
Jsc Compass Asset Management | 10 percent owner | 240V FURMANOVA STREET, ALMATY 1P 050059 |
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