Joint Stock Company Kaspi.kz
KSPI
NASDAQ·Technology·Software - Infrastructure·Mkt cap $20.4B
$107.53
▼ -0.26%
P/E
8.93
Mkt Cap
$20.4B
52-Wk Range
$68.59–$109.94
52-Week Range
$68.59 - $109.94
P/E
Fwd P/E
Beta
Div Yield
Avg Vol
Shares Out
Mkt Cap
Price action
Price chart
Up 23.6% over the trailing year
Total returns
Price performance
Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.
Why we rate it this way
The thesis at a glance
Bull and bear case · plain-English context across the five lenses we evaluate.
Bull Case
4 reasons
- Integrated super-app ecosystem creating powerful network effects and customer stickiness
- Proprietary data and insights enabling informed business decision-making across segments
- Market leadership position in Kazakhstan's payments and fintech sectors
- Omnichannel capability connecting online and offline merchant-consumer transactions
Bear Case
1 risk
- Low volatility (beta 0.1).
Growth
Stable outlook
Digital payment adoption acceleration in Kazakhstan and Central Asia
Value
Trading at 0.4x sector peers — a discount despite the growth profile.
Momentum
Hot
+34.1% over 3m
Quality
Excellent
High-growth business (500% revenue growth, 70% gross margin). Profitable with strong growth momentum.
Dividend
Solid
3.29% yield
Smart-money signal
Who's buying KSPI right now
Insider Form 4s, 13F institutional filings, and Congressional disclosures - at a glance.
Earnings track record
Recent earnings results
AI-summarized recap of last quarter, plus the surprise on every print.
Next: Oct 26, 2026
AUG 10, 2026
Reported EPS of $2.84 vs $2.87 consensus (-1.1% surprise). Revenue of $2.3B vs $2.3B expected (+0.3%).
EPS surprise · last 4Q
0 of 1 beats
Estimate
Actual
Q3 26
-1.1%
Revenue trend · last 8Q
—
—
—
+49%
+64%
+70%
+53%
+14%
Q2 24
Q3 24
Q4 24
Q1 25
Q2 25
Q3 25
Q4 25
Q2 26
$1.3B
$1.4B
$1.6B
$1.8B
$2.1B
$2.4B
$2.4B
$2.4B
Margins · last 8Q
Gross
—
Operating
—
Profit
23.3%
Wall Street consensus
2 analysts · 50% Buy
Live ratings and price targets aggregated across covering analysts.
Buy
50%
Hold
50%
Sell
0%
Median Price Target
—
Latest: Wolfe Research · Aug 25, 2026
vs Industry
How KSPI stacks vs Software - Infrastructure
Stock metrics vs industry averages. Green = better than industry.
Industry comparison data unavailable for this stock.