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: $86.20 to $89.18
• 50-Day Range: $68.84 to $91.81
• 52-Week Range: $68.59 to $99.20
• Volume: 267,317 shs
• Average Volume: 535,548 shs
• Market Capitalization: $16.51 billion
• P/E Ratio: 8.04
• Dividend Yield: 2.04%
• Price Target: $96.67
• Consensus Rating: Hold

Joint Stock Company Kaspi.kz Stock Analysis - MarketRank™

Joint Stock Company Kaspi.kz scored higher than 75% of companies evaluated by MarketBeat, and ranked 103rd out of 302 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.2 / 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 2.20, and is based on no strong buy ratings, 1 buy rating, 4 hold ratings, and no sell ratings.

Upside Potential

Joint Stock Company Kaspi.kz has a consensus price target of $96.67, representing about 11.0% upside from its current price of $87.08.

Amount of Analyst Coverage

Joint Stock Company Kaspi.kz has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 18.81%

Earnings Growth

Earnings for Joint Stock Company Kaspi.kz are expected to grow by 18.81% in the coming year, from $11.91 to $14.15 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Joint Stock Company Kaspi.kz is 8.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.44.

Price to Earnings Ratio vs. Sector

The P/E ratio of Joint Stock Company Kaspi.kz is 8.11, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 27.53.

Price to Book Value per Share Ratio

Joint Stock Company Kaspi.kz has a P/B Ratio of 3.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.05% 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 4.81.

Change versus previous month

Short interest in Joint Stock Company Kaspi.kz has recently increased by 17.16%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Joint Stock Company Kaspi.kz pays a meaningful dividend of 2.10%, higher than the bottom 25% of all stocks that pay dividends.

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 16.39%. 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 12.51% next year. This indicates that Joint Stock Company Kaspi.kz will be able to sustain or increase its dividend.

News and Social Media

• Score: 4.5 / 5
• News Sentiment: 1.21

News Sentiment

Joint Stock Company Kaspi.kz has a news sentiment score of 1.21. 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 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 3 news articles for Joint Stock Company Kaspi.kz this week, compared to 1 article on an average week.

Search Interest

16 people have searched for KSPI on MarketBeat in the last 30 days. This is an increase of 433% compared to the previous 30 days.

MarketBeat Follows

2 people have added Joint Stock Company Kaspi.kz to their MarketBeat watchlist in the last 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.

KSPI Stock Analysis - Frequently Asked Questions

How have KSPI shares performed this year?

Joint Stock Company Kaspi.kz's stock was trading at $78.13 at the beginning of the year. Since then, KSPI stock has increased by 11.5% and is now trading at $87.0810.

How were Joint Stock Company Kaspi.kz's earnings last quarter?

Joint Stock Company Kaspi.kz Sponsored ADR (NASDAQ:KSPI) posted its earnings results on Sunday, February, 15th. The company reported $2.84 earnings per share for the quarter. The company had revenue of $2.26 billion for the quarter. Joint Stock Company Kaspi.kz had a net margin of 26.59% and a trailing twelve-month return on equity of 48.73%.
Read the conference call transcript.

When did Joint Stock Company Kaspi.kz IPO?

Joint Stock Company Kaspi.kz (KSPI) raised $1 billion in an initial public offering on Friday, January 19th 2024. The company issued 11,300,000 shares at $92.00 per share.

Who are Joint Stock Company Kaspi.kz's major shareholders?

Top institutional shareholders of Joint Stock Company Kaspi.kz include Sumitomo Mitsui Trust Group Inc. (0.08%), Capricorn Fund Managers Ltd (0.06%), Euro Pacific Asset Management LLC (0.02%) and SG Americas Securities LLC.

How do I buy shares of Joint Stock Company Kaspi.kz?

Shares of KSPI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Joint Stock Company Kaspi.kz own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Joint Stock Company Kaspi.kz investors own include Baidu (BIDU), MKS (MKSI), Arcos Dorados (ARCO), Berkshire Hathaway (BRK.B), British American Tobacco (BTI), CrowdStrike (CRWD) and Datadog (DDOG).

Company Calendar

• Last Earnings: 2/15/2026
• Record date for 4/16 Dividend: 4/16/2026
• Ex-Dividend for 4/16 Dividend: 4/16/2026
• Dividend Payable: 4/16/2026
• Today: 5/07/2026
• Next Earnings (Estimated): 5/11/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Financial Transaction Services
• Sub-Industry: Business Services
• 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: $96.67
• High Price Target: $107.00
• Low Price Target: $87.00
• Potential Upside/Downside: +11.4%
• Consensus Rating: Hold
• Rating Score (0-4): 2.20
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): $10.80
• Trailing P/E Ratio: 8.04
• Forward P/E Ratio: 7.29
• P/E Growth: N/A
• Net Income: $2.04 billion
• Net Margins: 26.59%
• Pretax Margin: 32.92%
• Return on Equity: 48.73%
• Return on Assets: 10.45%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.03
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $7.70 billion
• Price / Sales: 2.15
• Cash Flow: $11.06 per share
• Price / Cash Flow: 7.85
• Book Value: $25.99 per share
• Price / Book: 3.34

Miscellaneous

• Outstanding Shares: 190,230,000
• Free Float: N/A
• Market Cap: $16.51 billion
• Optionable: Optionable
• Beta: 0.98