Joint Stock Company Kaspi.kz (KSPI)

NASDAQ: KSPI · USD

$91.4

+0.63 (+0.7%)· Recorded snapshot

Market cap	17.4B
Revenue (ttm)	9.1B
Net income (ttm)	2.2B
EPS (ttm)	$12.3
Shares out	190M
P/E (trailing)	7.5x
P/E (forward)	6.7x
Dividend	$8.88 (9.71%)
Volume	282,754
Beta	0.18

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 9.1B
Net income (ttm): 2.2B
EPS (ttm): $12.3
P/E (trailing): 7.5x
P/E (forward): 6.7x
Market cap: 17.4B

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E6.7

P25 n/aP50 n/aP75 n/a

Trailing P/E7.5

P25 n/aP50 n/aP75 n/a

ROE44.8

P25 n/aP50 n/aP75 n/a

ROIC82

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All KSPI indicators

Market & fundamental data

Available fields

259

Groups with data

Currency

KZT

Showing 259 of 259 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0001985487
Company name	Joint Stock Company Kaspi.kz
Country	Kazakhstan
Country code	US
CUSIP number	48581R205
Earnings date	2026-11-09
Earnings time	bmo
Employees	14,008
Employees change	4,371
Employees growth	45.36%
Enterprise value	$16.5B
Exchange	NASDAQ
Financial currency	KZT
Financial report date	2026-06-30
First seen	2026-05-09
Fiscal year end	December
Founded	2008
Industry	Software - Infrastructure
IPO date	2024-01-19
Is primary listing	No
Is SPAC	No
ISIN number	US48581R2058
Last 10-K release date	2026-03-16
Last earnings date	2026-08-10
Last refreshed	2026-10-28
Last stock split type	Never
Market cap	$17.4B
Market cap category	Large-Cap
Next earnings date	2026-11-09
Options	Yes
Price	$91.42
Price currency	USD
Sector	Technology
SIC code	7389
Stock price date	2026-10-28
Symbol	KSPI
Website	https://ir.kaspi.kz

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Average P/E ratio (3Y)	9.1x
Average P/E ratio (5Y)	10.94x
Earnings yield	13.42%
EV/Earnings	7.5x
EV/EBIT	3.35x
EV/EBITDA	3.23x
EV/FCF	7.9x
EV/Sales	1.81x
FCF / EV yield	12.66%
FCF yield	12.04%
Forward EV/Sales	1.5x
Forward P/E	6.7x
Forward P/S	1.58x
Graham number	88.00827
Graham upside	-3.86%
Industry forward P/E	29.48x
Industry P/E	39.18x
Lynch fair value	$290.35
Lynch upside	217.17%
P/B ratio	3.17x
P/E ratio	7.45x
P/FCF ratio	8.31x
P/OCF ratio	6.9x
P/S ratio	1.9x
Price / tangible book value	3.87x
Price/EBITDA ratio	3.39x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	54.04%
EBITDA margin	56.08%
Effective tax rate	21.21%
FCF margin	21.51%
Gross margin	69.44%
Operating margin	54.04%
Pretax margin	30.54%
Profit margin	24.15%
Profit per employee	$157,553
Profitable quarters	16
Profitable years	6
Revenue per employee	$652,326
ROA	13.54%
ROA (5Y)	14.73%
ROCE	22.46%
ROE	44.78%
ROE (5Y)	80.69%
ROIC	81.96%
ROIC (5Y)	188.99%
Tax / revenue	6.48%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	-2.02%
EPS growth (Q)	0.22%
EPS growth (QoQ)	2.91%
EPS growth 3Y	14.47%
EPS growth 5Y	27.86%
EPS growth quarters	1
EPS growth years	5
FCF growth	43.21%
FCF growth (Q)	64.5%
FCF growth (QoQ)	1,123.25%
FCF growth 3Y	-9.78%
FCF growth 5Y	15.75%
Gross profit growth	22.88%
Gross profit growth (Q)	14.66%
Gross profit growth 3Y	29.39%
Gross profit growth 5Y	38.12%
Net income growth	-1.93%
Net income growth (Q)	-0.23%
Net income growth (QoQ)	2.94%
Net income growth 3Y	14.2%
Net income growth 5Y	27.45%
Net income growth years	5
OCF growth	42.06%
OCF growth (Q)	58.22%
OCF growth (QoQ)	722.36%
OCF growth 3Y	-5.65%
OCF growth 5Y	19.21%
Operating income growth	14.92%
Operating income growth (Q)	11.22%
Operating income growth 3Y	24.09%
Operating income growth 5Y	34.49%
Revenue growth	39.24%
Revenue growth (Q)	13.61%
Revenue growth (QoQ)	4.2%
Revenue growth 3Y	41.63%
Revenue growth 5Y	45.68%
Revenue growth quarters	12
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-425.5M
Depreciation and amortization	$197.9M
EBIT	$4.9B
EBITDA	$5.1B
EPS	$12.27
FCF per share	$11.02
Financing cash flow	$-536.4M
Free cash flow	$2.1B
Gross profit	$6.3B
Income taxes	$591.9M
Investing cash flow	$-1.9B
Net borrowing	$475.1M
Net cash flow	$-163.7M
Net income	$2.2B
Operating income	$4.9B
Revenue	$9.1B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	2.61
Book value per share	$28.65
Debt / EBITDA	0.24
Debt / equity	0.22
Debt / FCF	0.6
Goodwill	$1B
Interest coverage	2.29
Long-term assets	$4.9B
Long-term liabilities	$16.2B
Net cash (debt)	$854.3M
Net cash / market cap	4.91%
Net cash growth	-23.35%
Net debt / EBITDA	-0.17
Net debt / equity	-0.15
Net debt / FCF	-0.41
Piotroski F-Score	6
Property, plant and equipment	$1.6B
Shareholders' equity	$5.6B
Tangible book value	$4.5B
Tangible book value per share	$23.66
Total assets	$24.9B
Total cash	$2.1B
Total debt	$1.2B
Total liabilities	$19.2B
WACC	13.97%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.4
Current assets	$20B
Current liabilities	$3.1B
Current ratio	6.52
Inventory turnover	12.19
Net working capital	$13.8B
Quick ratio	6.1
Working capital	$15.9B
Working capital turnover	0

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	-0.08%
Dividend growth	0%
Dividend growth (3Y)	-1.16%
Dividend growth (5Y)	13.54%
Dividend growth years	2
Dividend payment date	2026-09-17
Dividend payment years	1
Dividend payout frequency	Quarterly
Dividend per share	$8.88
Dividend yield	9.71%
Ex-dividend date	2026-09-10
FCF payout ratio	50.99%
Last dividend	$2.14
Payout ratio	45.81%
Shareholder yield	9.61%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
150-day SMA	$90.17
1D price change	0.69%
1M price change	-4.45%
1M total return	-4.45%
1W price change	-2.24%
1W total return	-2.24%
1Y price change	19.03%
1Y return CAGR	27.03%
1Y total return	27.01%
20-day SMA	$93.04
200-day SMA	$86.34
3M price change	5.71%
3M total return	8.02%
50-day SMA	$97.88
50-day SMA vs 200-day SMA	50over200
52-week high	$109.94
52-week high date	2026-08-26
52-week low	$68.59
52-week low date	2026-03-13
6M price change	2.38%
6M total return	6.89%
All-time high	$143.72
All-time high date	2024-07-18
All-time low	$68.59
All-time low date	2026-03-13
Average true range (ATR)	$2.50
Average volume	472.9K
Beta (1Y)	1.14
Beta (2Y)	1.11
Beta (5Y)	0.18
Change from 52-week high	-16.85%
Change from 52-week low	33.28%
Change from all-time high	-36.39%
Change from all-time low	33.28%
Change from open	-0.33%
Day's gap	1.02%
Dollar volume	$25.8M
High price	$92.01
Low price	$90.90
Monthly RSI	50.73
Open price	$91.72
Position in 52-week range	46.4%
Premarket change	1.32%
Premarket close	$90.79
Premarket price	$91.99
Previous close	$90.79
Price vs 150-day SMA	1.38%
Price vs 20-day SMA	-1.74%
Price vs 200-day SMA	5.88%
Price vs 50-day SMA	-6.61%
Relative volume	0.6
Return from IPO open	-1.03%
Return from IPO price	-0.49%
RSI	42.37
Sharpe ratio	0.76
Sortino ratio	1.45
Volume	282.8K
Weekly RSI	50.09
YTD price change	17%
YTD total return	24.85%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	104.7M
Float percentage	55.07%
Shares change (QoQ)	0.05%
Shares change (YoY)	0.08%
Shares held by insiders	44.93%
Shares held by institutions	47.26%
Shares outstanding	190M
Short % of shares	0.81%
Short ratio	1.4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	129

Deeper analysis on KSPI

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

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Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

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Sensitivity

Cost-of-equity and terminal-growth stress table.

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Risks

Kill scenarios, soft-pass flags, and downside catalysts.

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Earnings

Next earnings setup and beat / inline / miss thresholds.

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Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

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Financials

Revenue, margins, cash flow, and balance-sheet context.

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Peers

Relative valuation and profitability against the cohort.

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Moat

Economic-profit evidence and competitive advantage risk.

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Industry cycle

Sector phase, capital cycle, and secular tailwinds.

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Frequently asked questions

About this KSPI report

Is a complete KSPI research report available?

No complete published report is available for Joint Stock Company Kaspi.kz (KSPI) on this page. Market-directory data, when present, is not a substitute for a validated stock analysis.

Joint Stock Company Kaspi.kz (KSPI)

Price

Financial snapshot

Fair-value bridge

Latest news · KSPI

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All KSPI indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on KSPI

Frequently asked questions