(KSPI) Joint Stock Kaspi.kz - Ratings and Ratios
Payments, Marketplace, Fintech
KSPI EPS (Earnings per Share)
KSPI Revenue
Description: KSPI Joint Stock Kaspi.kz
Joint Stock Company Kaspi.kz is a leading fintech company operating in Kazakhstan, Azerbaijan, and Ukraine, providing a range of financial services including payments, marketplace, and fintech solutions to consumers and merchants. The companys diversified business model is segmented into Payments, Marketplace, and Fintech, offering a comprehensive ecosystem that facilitates transactions, commerce, and financial management.
The companys Payments segment is a key driver of its growth, enabling consumers to make payments and merchants to accept payments online and in-store. The Marketplace Platform connects merchants with consumers, promoting omnichannel sales and offering a range of products and services. The Fintech Platform provides consumers with buy-now-pay-later and savings products, while merchants benefit from merchant finance services.
From a performance perspective, Kaspi.kz has demonstrated strong growth and profitability. Key Performance Indicators (KPIs) such as Return on Equity (RoE) of 74.52% indicate the companys ability to generate strong returns on shareholder equity. The companys Market Capitalization of $16.6 billion USD suggests a significant market presence. To further evaluate the companys prospects, it is essential to monitor KPIs such as revenue growth, customer acquisition costs, and transaction volume.
Additionally, considering the companys GICS Sub Industry classification as Consumer Finance, it is crucial to analyze industry trends and competitors. Kaspi.kzs diversified business model and expanding presence in the region position it for potential long-term growth. However, it is essential to continue monitoring the companys financial performance, managements strategic decisions, and industry developments to assess its investment potential.
KSPI Stock Overview
| Market Cap in USD | 18,291m |
| Sub-Industry | Consumer Finance |
| IPO / Inception | 2024-01-19 |
KSPI Stock Ratings
| Growth Rating | 7.91% |
| Fundamental | 78.9% |
| Dividend Rating | 55.9% |
| Return 12m vs S&P 500 | -36.9% |
| Analyst Rating | 4.50 of 5 |
KSPI Dividends
| Dividend Yield 12m | 1.81% |
| Yield on Cost 5y | 3.99% |
| Annual Growth 5y | 15.56% |
| Payout Consistency | 91.5% |
| Payout Ratio | 0.1% |
KSPI Growth Ratios
| Growth Correlation 3m | 63.7% |
| Growth Correlation 12m | -81.8% |
| Growth Correlation 5y | 44.7% |
| CAGR 5y | 34.36% |
| CAGR/Max DD 5y | 0.49 |
| Sharpe Ratio 12m | -1.06 |
| Alpha | -39.02 |
| Beta | 0.989 |
| Volatility | 157.29% |
| Current Volume | 178.7k |
| Average Volume 20d | 266.1k |
| Stop Loss | 90.9 (-3.3%) |
| Signal | 1.93 |
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income (1092.96b TTM) > 0 and > 6% of Revenue (6% = 189.76b TTM) |
| FCFTA 0.07 (>2.0%) and ΔFCFTA -8.11pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 59.13% (prev -7.42%; Δ 66.55pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.08 (>3.0%) and CFO 807.08b <= Net Income 1092.96b (YES >=105%, WARN >=100%) |
| Net Debt (-398.01b) to EBITDA (1490.78b) ratio: -0.27 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.27 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (190.8m) change vs 12m ago -0.35% (target <= -2.0% for YES) |
| Gross Margin 62.48% (prev 68.98%; Δ -6.50pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 36.74% (prev 30.65%; Δ 6.09pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 6.83 (EBITDA TTM 1490.78b / Interest Expense TTM 218.29b) >= 6 (WARN >= 3) |
Altman Z'' 3.29
| (A) 0.19 = (Total Current Assets 8870.60b - Total Current Liabilities 7000.67b) / Total Assets 10048.02b |
| (B) 0.20 = Retained Earnings (Balance) 1990.53b / Total Assets 10048.02b |
| (C) 0.17 = EBIT TTM 1490.78b / Avg Total Assets 8607.96b |
| (D) 0.25 = Book Value of Equity 1990.53b / Total Liabilities 8018.36b |
| Total Rating: 3.29 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 78.88
| 1. Piotroski 4.50pt = -0.50 |
| 2. FCF Yield 4.07% = 2.03 |
| 3. FCF Margin 21.04% = 5.26 |
| 4. Debt/Equity 3.88 = -1.91 |
| 5. Debt/Ebitda 5.09 = -2.50 |
| 6. ROIC - WACC 54.14% = 12.50 |
| 7. RoE 67.04% = 2.50 |
| 8. Rev. Trend 98.41% = 4.92 |
| 9. Rev. CAGR 47.16% = 2.50 |
| 10. EPS Trend 90.25% = 2.26 |
| 11. EPS CAGR 18.23% = 1.82 |
What is the price of KSPI shares?
Over the past week, the price has changed by +1.53%, over one month by +9.31%, over three months by +15.73% and over the past year by -26.19%.
Is Joint Stock Kaspi.kz a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of KSPI is around 89.54 USD . This means that KSPI is currently overvalued and has a potential downside of -4.7%.
Is KSPI a buy, sell or hold?
- Strong Buy: 5
- Buy: 2
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the KSPI price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 111.7 | 18.9% |
| Analysts Target Price | 119.1 | 26.7% |
| ValueRay Target Price | 98 | 4.3% |
Last update: 2025-08-18 02:03
KSPI Fundamental Data Overview
CCE Cash And Equivalents = 1077.95b KZT (Cash only, last quarter)
P/E Trailing = 9.0446
P/S = 0.0057
P/B = 5.0299
Beta = -0.041
Revenue TTM = 3162.61b KZT
EBIT TTM = 1490.78b KZT
EBITDA TTM = 1490.78b KZT
Long Term Debt = 591.47b KZT (from longTermDebt, last quarter)
Short Term Debt = 7000.67b KZT (from totalCurrentLiabilities, last quarter)
Debt = 7592.15b KZT (Calculated: Short Term 7000.67b + Long Term 591.47b)
Net Debt = -398.01b KZT (from netDebt column, last fiscal year)
Enterprise Value = 16365.70b KZT (9851.50b + Debt 7592.15b - CCE 1077.95b)
Interest Coverage Ratio = 6.83 (Ebit TTM 1490.78b / Interest Expense TTM 218.29b)
FCF Yield = 4.07% (FCF TTM 665.46b / Enterprise Value 16365.70b)
FCF Margin = 21.04% (FCF TTM 665.46b / Revenue TTM 3162.61b)
Net Margin = 34.56% (Net Income TTM 1092.96b / Revenue TTM 3162.61b)
Gross Margin = 62.48% ((Revenue TTM 3162.61b - Cost of Revenue TTM 1186.75b) / Revenue TTM)
Tobins Q-Ratio = 8.22 (Enterprise Value 16365.70b / Book Value Of Equity 1990.53b)
Interest Expense / Debt = 2.88% (Interest Expense 218.29b / Debt 7592.15b)
Taxrate = 17.58% (from yearly Income Tax Expense: 225.46b / 1282.29b)
NOPAT = 1228.67b (EBIT 1490.78b * (1 - 17.58%))
Current Ratio = 1.27 (Total Current Assets 8870.60b / Total Current Liabilities 7000.67b)
Debt / Equity = 3.88 (Debt 7592.15b / last Quarter total Stockholder Equity 1954.45b)
Debt / EBITDA = 5.09 (Net Debt -398.01b / EBITDA 1490.78b)
Debt / FCF = 11.41 (Debt 7592.15b / FCF TTM 665.46b)
Total Stockholder Equity = 1630.30b (last 4 quarters mean)
RoA = 10.88% (Net Income 1092.96b, Total Assets 10048.02b )
RoE = 67.04% (Net Income TTM 1092.96b / Total Stockholder Equity 1630.30b)
RoCE = 67.10% (Ebit 1490.78b / (Equity 1630.30b + L.T.Debt 591.47b))
RoIC = 60.63% (NOPAT 1228.67b / Invested Capital 2026.44b)
WACC = 6.49% (E(9851.50b)/V(17443.65b) * Re(9.66%)) + (D(7592.15b)/V(17443.65b) * Rd(2.88%) * (1-Tc(0.18)))
Shares Correlation 5-Years: -40.0 | Cagr: -0.57%
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
[DCF Debug] Terminal Value 65.32% ; FCFE base≈821.62b ; Y1≈579.63b ; Y5≈306.04b
Fair Price DCF = 23.9k (DCF Value 4569.18b / Shares Outstanding 190.8m; 5y FCF grow -34.60% → 3.0% )
Revenue Correlation: 98.41 | Revenue CAGR: 47.16%
Rev Growth-of-Growth: 4.43
EPS Correlation: 90.25 | EPS CAGR: 18.23%
EPS Growth-of-Growth: -9.57
Additional Sources for KSPI Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle