Joint Stock Company Kaspi.kz (KSPI) Stock Price, News & Analysis

Company Overview

Joint Stock Company Kaspi.kz is a leading financial technology and e-commerce group headquartered in Almaty, Kazakhstan. The company has built one of the country’s largest digital ecosystems, offering a suite of integrated services that span consumer banking, payments, online marketplaces and merchant acquiring. Through its mobile and web platforms, Kaspi.kz aims to simplify everyday financial and shopping activities for individuals and businesses across Kazakhstan.

The company’s core offerings include digital banking solutions such as deposit accounts, digital wallets and money transfers, alongside consumer lending products that enable point-of-sale financing and “buy now, pay later” purchases. Kaspi.kz also operates a rapidly growing online marketplace where users can browse and purchase goods ranging from electronics to clothing, with order fulfillment supported by a network of logistics partners. Its payments division processes transactions for merchants, utilities and public services, further cementing the group’s role as a key payments infrastructure provider in the region.

Founded in 2001 as Kaspi Bank, the group gradually expanded its digital footprint beginning in the early 2010s with the launch of mobile banking services. In October 2020, Kaspi.kz completed an initial public offering on the London Stock Exchange, marking one of the largest fintech listings out of Central Asia. In March 2021, the company further broadened its investor base through a secondary listing on the Nasdaq Global Select Market under the ticker symbol KSPI.

Kaspi.kz’s operations are principally focused on Kazakhstan, where it serves a diverse customer base of retail clients, small and medium-sized enterprises and large corporate partners. The company is governed by an independent board of directors and managed by an experienced executive team based in Almaty. Through continuous investment in technology and user experience, Kaspi.kz seeks to maintain its leadership in digital finance and commerce across its core market.

Key Stats

• Today's Range: $106.01 to $108.24
• 50-Day Range: $85.00 to $108.75
• 52-Week Range: $68.59 to $109.94
• Volume: 385,222 shs
• Average Volume: 652,620 shs
• Market Capitalization: $20.49 billion
• P/E Ratio: 9.82
• Dividend Yield: 6.47%
• Price Target: $107.33
• Consensus Rating: Hold

Joint Stock Company Kaspi.kz Stock Analysis - MarketRank™

Joint Stock Company Kaspi.kz scored higher than 84% of companies evaluated by MarketBeat, and ranked 215th out of 838 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Joint Stock Company Kaspi.kz has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on no strong buy ratings, 2 buy ratings, 3 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Joint Stock Company Kaspi.kz is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Joint Stock Company Kaspi.kz has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 19.35%

Earnings Growth

Earnings for Joint Stock Company Kaspi.kz are expected to grow by 19.35% in the coming year, from $12.40 to $14.80 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Joint Stock Company Kaspi.kz is 9.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 39.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Joint Stock Company Kaspi.kz is 9.82, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 26.07.

Price to Book Value per Share Ratio

Joint Stock Company Kaspi.kz has a P/B Ratio of 3.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.58% of the float of Joint Stock Company Kaspi.kz has been sold short.

Short Interest Ratio / Days to Cover

Joint Stock Company Kaspi.kz has a short interest ratio ("days to cover") of 1.53, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Joint Stock Company Kaspi.kz has recently decreased by 6.65%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Joint Stock Company Kaspi.kz is a leading dividend payer. It pays a dividend yield of 6.53%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Joint Stock Company Kaspi.kz does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Joint Stock Company Kaspi.kz is 63.48%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Joint Stock Company Kaspi.kz will have a dividend payout ratio of 47.09% next year. This indicates that Joint Stock Company Kaspi.kz will be able to sustain or increase its dividend.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: N/A

News Sentiment

Joint Stock Company Kaspi.kz has a news sentiment score of 1.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.94 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Joint Stock Company Kaspi.kz this week, compared to 2 articles on an average week.

Search Interest

Only 3 people have searched for KSPI on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

MarketBeat Follows

7 people have added Joint Stock Company Kaspi.kz to their MarketBeat watchlist in the last 30 days. This is an increase of 250% compared to the previous 30 days.

Company Ownership

• Score: 0.4 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Joint Stock Company Kaspi.kz insiders have not sold or bought any company stock.

Percentage Held by Institutions

32.20% of the stock of Joint Stock Company Kaspi.kz is held by institutions.

Company Calendar

• Last Earnings: 3/13/2026
• Record date for 6/12 Dividend: 6/12/2026
• Ex-Dividend for 6/12 Dividend: 6/12/2026
• Dividend Payable: 6/12/2026
• Dividend Payable: 9/03/2026
• Today: 9/04/2026
• Record date for 9/3 Dividend: 9/10/2026
• Ex-Dividend for 9/3 Dividend: 9/10/2026
• Next Earnings (Estimated): 10/26/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Consumer Finance
• Sub-Industry: Consumer Finance
• Current Symbol: NASDAQ:KSPI
• Previous Symbol: NASDAQ:KSPI
• CIK: 1985487
• Web: kaspi.kz
• Phone: (727) 356-0629
• Fax: N/A
• Employees: 14,008
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Joint Stock Company Kaspi.kz: $107.33
• High Price Target: $115.00
• Low Price Target: $100.00
• Potential Upside/Downside: -0.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.40
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $10.98
• Trailing P/E Ratio: 9.82
• Forward P/E Ratio: 8.69
• P/E Growth: N/A
• Net Income: $2.04 billion
• Net Margins: 24.00%
• Pretax Margin: 29.73%
• Return on Equity: 40.69%
• Return on Assets: 9.54%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.99
• Quick Ratio: 0.99

Sales & Book Value

• Annual Sales: $7.70 billion
• Price / Sales: 2.66
• Cash Flow: $10.84 per share
• Price / Cash Flow: 9.95
• Book Value: $30.17 per share
• Price / Book: 3.57

Miscellaneous

• Outstanding Shares: 190,030,000
• Free Float: N/A
• Market Cap: $20.49 billion
• Optionable: Optionable
• Beta: 1.02