Freedom Holding (Freedom Holding) EBIT : $843 Mil (TTM As of Dec. 2023)

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What is Freedom Holding EBIT?

Freedom Holding's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $243 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $843 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 Dec. 2023 was 15.21%. Freedom Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 912.34%.

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 Dec. 2023 was 29.43%.

Freedom Holding EBIT Historical Data

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.

* Premium members only.

Freedom Holding EBIT Chart

Freedom Holding Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

EBIT

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23.16

39.29

174.25

440.64

444.89

Freedom Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															103.50	146.59	179.62	274.07	242.84

Competitive Comparison of Freedom Holding's EBIT

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.

Freedom Holding's EV-to-EBIT Distribution in the Capital Markets Industry

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.

Freedom Holding EBIT Calculation

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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $843 Mil.

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 Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	963.988 * ( 1 - 13.93% )	/	( (5473.288	+	5436.747)	/ 2 )
=	829.7044716	/	5455.0175
=	15.21 %

where

	Invested Capital		(Q: Sep. 2023 )
=	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	))
=	7138.305	-	216.511	-	( 4260.305	-	max(0, 5409.571	-	6858.077	+	4260.305	))
=	5473.288

	Invested Capital		(Q: Dec. 2023 )
=	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	))
=	7449.043	-	173.515	-	( 4444.833	-	max(0, 5310.73	-	7149.511	+	4444.833	))
=	5436.747

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Freedom Holding's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	971.368	/	( ( (100.66 + max(-1250.166, 0))	+	(112.279 + max(-1076.387, 0)) )	/	2 )
=	971.368	/	( ( 100.66	+	112.279 )	/	2 )
=	971.368	/	106.4695
=	912.34 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1018.658	+	0	+	386.874)	-	(216.511	+	2439.187	+	0)
=	-1250.166

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(960.617	+	0	+	384.553)	-	(173.515	+	2248.042	+	0)
=	-1076.387

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) 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: Dec. 2023 )
	=	843.126	/	2864.731
	=	29.43 %

Freedom Holding EBIT Related Terms

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Freedom Holding (Freedom Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Freedom Holding Corp (NAS:FRHC) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

FRHC_KZ:Kazakhstan DMW2:Germany

Address

No. 77-7 Al Farabi Avenue, Esentai Tower BC, Floor 7, Almaty, KAZ, 050040

Website

https://www.freedomholdingcorp.com

Freedom Holding Corp is engaged in a broad range of activities in the securities industry, including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services in Eurasia. It acts as a professional participant through its subsidiaries on the Kazakhstan Stock Exchange (KASE), Moscow Exchange (MOEX), Saint-Petersburg Exchange (SPB), the Ukrainian Exchange, the Uzbek Republican Currency Exchange (UZCE), and the Republican Stock Exchange of Tashkent (UZSE). Its geographical segments are Central Asia, Europe, the United States, and the Middle East/Caucasus, of which Europe accounts for the majority of its revenue.

Executives

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
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
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