WallStSmart

Freedom Holding Corp (FRHC)vsB. Riley Financial Inc (RILYL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Freedom Holding Corp generates 75% more annual revenue ($1.49B vs $850.34M). RILYL leads profitability with a 26.3% profit margin vs 0.2%. RILYL trades at a lower P/E of 1.9x. RILYL earns a higher WallStSmart Score of 36/100 (F).

FRHC

Avoid

21

out of 100

Grade: F

Growth: 4.7Profit: 4.5Value: 3.0Quality: 5.0
Piotroski: 2/9Altman Z: 0.93

RILYL

Hold

36

out of 100

Grade: F

Growth: 4.7Profit: 5.5Value: 8.3Quality: 6.5
Piotroski: 5/9Altman Z: -1.42
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FRHCSignificantly Overvalued (-169828.6%)

Margin of Safety

-169828.6%

Fair Value

$0.07

Current Price

$145.84

$145.77 premium

UndervaluedFair: $0.07Overvalued
RILYLUndervalued (+74.2%)

Margin of Safety

+74.2%

Fair Value

$40.80

Current Price

$12.08

$28.72 discount

UndervaluedFair: $40.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FRHC0 strengths · Avg: 0/10

No standout strengths identified

RILYL4 strengths · Avg: 9.8/10
P/E RatioValuation
1.9x10/10

Attractively priced relative to earnings

Revenue GrowthGrowth
89.0%10/10

Revenue surging 89.0% year-over-year

Debt/EquityHealth
-5.7310/10

Conservative balance sheet, low leverage

Profit MarginProfitability
26.3%9/10

Keeps 26 of every $100 in revenue as profit

Areas to Watch

FRHC4 concerns · Avg: 3.0/10
Return on EquityProfitability
0.2%3/10

ROE of 0.2% — below average capital efficiency

Profit MarginProfitability
0.2%3/10

0.2% margin — thin

Debt/EquityHealth
1.563/10

Elevated debt levels

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

RILYL4 concerns · Avg: 2.3/10
Market CapQuality
$536.57M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
-33.9%2/10

ROE of -33.9% — below average capital efficiency

EPS GrowthGrowth
-9.5%2/10

Earnings declined 9.5%

Altman Z-ScoreHealth
-1.422/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : FRHC

FRHC has a balanced fundamental profile.

Bull Case : RILYL

The strongest argument for RILYL centers on P/E Ratio, Revenue Growth, Debt/Equity. Profitability is solid with margins at 26.3% and operating margin at 18.2%. Revenue growth of 89.0% demonstrates continued momentum.

Bear Case : FRHC

The primary concerns for FRHC are Return on Equity, Profit Margin, Debt/Equity. A P/E of 14280.0x leaves little room for execution misses. Debt-to-equity of 1.56 is elevated, increasing financial risk.

Bear Case : RILYL

The primary concerns for RILYL are Market Cap, Return on Equity, EPS Growth.

Key Dynamics to Monitor

FRHC profiles as a value stock while RILYL is a growth play — different risk/reward profiles.

RILYL carries more volatility with a beta of 1.30 — expect wider price swings.

RILYL is growing revenue faster at 89.0% — sustainability is the question.

FRHC generates stronger free cash flow (652M), providing more financial flexibility.

Bottom Line

RILYL scores higher overall (36/100 vs 21/100), backed by strong 26.3% margins and 89.0% revenue growth. Both earn "Hold" 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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B. Riley Financial Inc

FINANCIAL SERVICES · FINANCIAL CONGLOMERATES · USA

B. Riley Financial, Inc. provides collaborative financial services and solutions in North America, Australia and Europe. The company is headquartered in Los Angeles, California.

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