WallStSmart

Freedom Holding Corp (FRHC)vsVoya Financial Inc (VOYA)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Voya Financial Inc generates 405% more annual revenue ($8.25B vs $1.63B). FRHC leads profitability with a 9.4% profit margin vs 8.2%. VOYA trades at a lower P/E of 13.8x. VOYA earns a higher WallStSmart Score of 64/100 (C+).

FRHC

Avoid

33

out of 100

Grade: F

Growth: 7.3Profit: 4.0Value: 4.0Quality: 4.0
Piotroski: 4/9Altman Z: 0.84

VOYA

Buy

64

out of 100

Grade: C+

Growth: 6.0Profit: 5.5Value: 6.3Quality: 6.8
Piotroski: 4/9

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRHC1 strengths · Avg: 10.0/10
Revenue GrowthGrowth
146.7%10/10

Revenue surging 146.7% year-over-year

VOYA3 strengths · Avg: 8.0/10
P/E RatioValuation
13.8x8/10

Attractively priced relative to earnings

Price/BookValuation
1.6x8/10

Reasonable price relative to book value

EPS GrowthGrowth
23.2%8/10

Earnings expanding 23.2% YoY

Areas to Watch

FRHC4 concerns · Avg: 2.5/10
Return on EquityProfitability
0.2%3/10

ROE of 0.2% — below average capital efficiency

Debt/EquityHealth
1.573/10

Elevated debt levels

P/E RatioValuation
55.1x2/10

Premium valuation, high expectations priced in

EPS GrowthGrowth
-3.1%2/10

Earnings declined 3.1%

VOYA2 concerns · Avg: 3.0/10
Revenue GrowthGrowth
3.1%4/10

3.1% revenue growth

Free Cash FlowQuality
$-36.00M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : FRHC

The strongest argument for FRHC centers on Revenue Growth. Revenue growth of 146.7% demonstrates continued momentum.

Bull Case : VOYA

The strongest argument for VOYA centers on P/E Ratio, Price/Book, EPS Growth. PEG of 1.19 suggests the stock is reasonably priced for its growth.

Bear Case : FRHC

The primary concerns for FRHC are Return on Equity, Debt/Equity, P/E Ratio. A P/E of 55.1x leaves little room for execution misses. Debt-to-equity of 1.57 is elevated, increasing financial risk.

Bear Case : VOYA

The primary concerns for VOYA are Revenue Growth, Free Cash Flow.

Key Dynamics to Monitor

FRHC profiles as a hypergrowth stock while VOYA is a value play — different risk/reward profiles.

VOYA carries more volatility with a beta of 0.92 — expect wider price swings.

FRHC is growing revenue faster at 146.7% — sustainability is the question.

VOYA generates stronger free cash flow (-36M), providing more financial flexibility.

Bottom Line

VOYA scores higher overall (64/100 vs 33/100). Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Freedom Holding Corp

FINANCIAL SERVICES · FINANCIAL CONGLOMERATES · USA

Freedom Holding Corp. The company is headquartered in Almaty, Kazakhstan.

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Voya Financial Inc

FINANCIAL SERVICES · FINANCIAL CONGLOMERATES · USA

Voya Financial, Inc. is a retirement, investment and employee benefits company in the United States. The company is headquartered in New York, New York.

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