KSPI

Kaspi.kz JSC ADR

91.27

Oct 30 • 3:59 PM ET -3.39 (-3.58%)

91.27

Aftermarket • 7:30 PM ET 0.00 (0.00%)

Technology Software - Infrastructure Kazakhstan Large NASD

Peers: PAYP XYZ GRAB MELI NU PAGS SE PYPL SOFI AFRM

| Held by: WCMI WAGN GEME ONEQ EMQQ IPO ARKF ORR BGIA JEMA

Scroll to Statements

Index	-
Market Cap	17.34B
Enterprise Value	-
Income	2.11B
Sales	8.77B
Book/sh	29.08
Cash/sh	-
Dividend Est.	8.20 (8.99%)
Dividend TTM	5.71 (6.25%)
Dividend Ex-Date	Sep 10, 2026
Dividend Gr. 3/5Y	-21.15% -15.83%
Payout	16.39%
Employees	-
IPO	Jan 19, 2024

P/E	8.30
Forward P/E	6.14
PEG	0.52
P/S	1.98
P/B	3.14
P/C	-
P/FCF	6.43
EV/EBITDA	-
EV/Sales	-
Quick Ratio	-
Current Ratio	1.08
Debt/Eq	0.23
LT Debt/Eq	0.23
Option/Short	Yes / Yes

EPS (ttm)	10.99
EPS next Y	14.86
EPS next Q	3.32
EPS this Y	3.18%
EPS next Y	16.72%
EPS next 5Y	11.76%
EPS past 3/5Y	17.78% 26.88%
Sales past 3/5Y	39.77% 38.04%
EPS Y/Y TTM	-3.58%
Sales Y/Y TTM	38.98%
EPS Q/Q	8.27%
Sales Q/Q	24.19%
Earnings	Nov 09 BMO
EPS/Sales Surpr.	3.45% 2.13%

Insider Own	19.00%
Insider Trans	0.00%
Inst Own	25.66%
Inst Trans	-0.69%
ROA	9.45%
ROE	45.35%
ROIC	30.93%
Gross Margin	-
Oper. Margin	30.37%
Profit Margin	24.00%
SMA20	-1.90%
SMA50	-6.39%
SMA200	5.55%
Trades

Shs Outstand	190.03M
Shs Float	153.92M
Short Float	0.49%
Short Ratio	1.30
Short Interest	0.75M
52W High	109.94 -16.98%
52W Low	68.59 33.07%
Volatility	2.44% 2.73%
ATR (14)	2.68
RSI (14)	43.78
Beta	0.89
Rel Volume	0.96
Avg Volume	573.38K
Volume	550,028

Perf Week	-0.51%
Perf Month	-0.82%
Perf Quarter	-0.79%
Perf Half Y	5.61%
Perf YTD	16.82%
Perf Year	25.01%
Perf 3Y	-0.77%
Perf 5Y	-17.53%
Perf 10Y	-
Recom	1.86
Target Price	107.38
Prev Close	94.66
Price	91.27
Change %	-3.58%

Consensus

Buy

Avg. Price Target

$107.38

Implied Upside

+17.7%

Analysts5incl. previous ratings

Rating Distribution3 Buy · 2 Hold · 0 Sell

Date	Action	Analyst	Rating Change	Price Target Change	Implied Upside
Feb 02, 2026	Downgrade	SSusquehanna	Positive → Neutral	$87	-4.7%
Oct 08, 2025	Upgrade	GGoldman	Neutral → Buy	$107	+17.2%
Aug 20, 2025	Downgrade	JJP Morgan	Overweight → Neutral	$96	+5.2%
Nov 04, 2024	Initiated	CCitigroup	Buy	$140	+53.4%
Mar 11, 2024	Initiated	JJP Morgan	Overweight	$159	+74.2%
Feb 27, 2024	Initiated	SSusquehanna	Positive	$154	+68.7%
Feb 13, 2024	Initiated	WWolfe Research	Outperform	$130	+42.4%

Oct-12-26 07:00AM	Kaspi.kz to Announce Third Quarter & 9-Month 2026 Financial Results on 9 November (GlobeNewswire)
Sep-10-26 07:07AM	Kaspi.kz JSC's Dividend Analysis (GuruFocus.com)
07:00AM	Announcement of EGM Results (GlobeNewswire)
Aug-10-26 03:01PM	Kaspi.kz JSC (KSPI) (Q2 2026) Earnings Call Highlights: AI-Powered Growth and Strategic ... (GuruFocus.com)
07:03AM	Notice of Extraordinary General Meeting of Shareholders of Kaspi.kz (GlobeNewswire)
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07:00AM	Kaspi.kz 2Q & 1H 2026 Financial Results (GlobeNewswire)
Jul-15-26 07:00AM	Kaspi.kz Completes Acquisition of Rabobank A.S. in Turkiye (GlobeNewswire)
Jul-14-26 10:45AM	Watch the Kaspi Event: Mikheil Lomtadze Unveils Kasper (GlobeNewswire)
08:00AM	Kaspi.kz to Announce 2nd Quarter & 1st Half 2026 Financial Results on 10th August (GlobeNewswire)
Jun-24-26 07:00AM	Kaspi.kz receives regulatory approval to acquire Rabobank A.S. in Turkiye (GlobeNewswire)
Jun-12-26 07:00AM	Announcement of EGM Results (GlobeNewswire)
May-13-26 09:02PM	Kaspi.kz JSC (KSPI) Q1 2026 Earnings Call Highlights: Strong E-commerce Growth and Strategic ... (GuruFocus.com)
May-12-26 07:00AM	Notice of Extraordinary General Meeting of Shareholders of Kaspi.kz (GlobeNewswire)
May-11-26 06:55AM	Kaspi.kz 1Q 2026 Financial Results (GlobeNewswire)
May-06-26 11:00AM	Kaspi.kz: The Market's Biggest Mispriced Monopoly--or a Hidden Fragility? (GuruFocus.com)
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Apr-24-26 08:19AM	Kaspi.kz Successfully Issues $600 million of 5.900% Senior Unsecured Notes due 2031 (GlobeNewswire)
Apr-20-26 02:10AM	Tencent Invests in Kaspi.kz Alongside Co-Founder & CEO Mikheil Lomtadze and Long-Term U.S. Institutional Investors (GlobeNewswire) +8.13%
Apr-16-26 07:01AM	Announcement of AGM Results (GlobeNewswire)
Apr-13-26 08:20AM	Kaspi.kz to Announce 1st Quarter 2026 Financial Results on 11th May (GlobeNewswire) +6.21%
Mar-21-26 06:26AM	AI Agents: Whats the risk for SMID eCommerce? (Investing.com)
Mar-16-26 12:10PM	Kaspi.kz Files Annual Report on Form 20-F (GlobeNewswire)
Mar-05-26 11:23AM	Kaspi.kz (KSPI) 2025 Core Revenue Grows 19% Amid 18% Underlying Net Income Gain (Insider Monkey)
Mar-04-26 08:02PM	Kaspi.kz JSC (KSPI) Q4 2025 Earnings Call Highlights: Strong Net Income Growth Amid Market ... (GuruFocus.com)
07:00AM	Notice of Annual General Meeting of Shareholders of Kaspi.kz (GlobeNewswire)
Mar-02-26 10:37AM	Joint Stock Company Kaspi.kz Q4 Earnings Call Highlights (MarketBeat) +10.50%
07:00AM	Kaspi.kz 4Q & FY 2025 Financial Results (GlobeNewswire)
Feb-25-26 10:57AM	GigaCloud Technology Set to Report Q4 Earnings: What's in the Cards? (Zacks)
Feb-23-26 12:43PM	Duolingo Gears Up to Report Q4 Earnings: What's in the Cards? (Zacks)
10:59AM	Sezzle Gears Up to Report Q4 Earnings: What's in the Offing? (Zacks)
Feb-20-26 11:52AM	ZETA Set to Report Q4 Earnings: Here's What Investors Should Know (Zacks)
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Feb-19-26 12:43AM	Why Wall Street Is Split on Joint Stock Company Kaspi.kz (KSPI) Right Now (Insider Monkey)
Feb-16-26 10:57AM	Verisk Gears Up to Report Q4 Earnings: What's in the Offing? (Zacks)
Feb-08-26 12:18PM	Susquehanna Downgrades Kaspi.kz (KSPI) to Neutral, Lowers PT to $87 (Insider Monkey)
Feb-05-26 06:50AM	Kaspi.kz to Announce 4th Quarter & Full-Year 2025 Financial Results on 2nd March (GlobeNewswire)
Jan-26-26 06:09AM	Wall Street Bullish on Joint Stock Company Kaspi.kz (KSPI) Ahead of its Q4 2025 Earnings (Insider Monkey)
Jan-21-26 07:57AM	Fintech Super App With 68% Margins Sells at Emerging Market Discount: The Kaspi.kz Question (24/7 Wall St.)
Jan-19-26 07:49AM	Here's What Wall Street Thinks About ?Joint Stock Company Kaspi.kz (KSPI) (Insider Monkey)
Dec-09-25 11:19AM	JPMorgan Noted Kaspi.kz's (KSPI) Softening 2026 Fintech Outlook, Lowered PT (Insider Monkey)
Dec-04-25 08:23AM	Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory (Insider Monkey)
Dec-03-25 01:57AM	Joint Stock Company Kaspi.kz (KSPI) Updates About Rabobank A.S. Acquisition, Here's What You Need to Know (Insider Monkey)
Nov-29-25 07:45AM	Kaspi.kz expects to close Rabobank A.S. acquisition in mid-2026 (TipRanks)
Nov-28-25 07:36AM	Update on the acquisition of Rabobank A.S. (GlobeNewswire)
Nov-10-25 02:01PM	Kaspi.kz JSC (KSPI) Q3 2025 Earnings Call Highlights: Robust Growth Amid Smartphone Supply ... (GuruFocus.com)
07:00AM	Kaspi.kz 3Q & 9M 2025 Financial Results (GlobeNewswire)
Oct-22-25 05:31PM	Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory (Insider Monkey)
Oct-18-25 02:13AM	Here's Why Goldman Sachs Upgraded Joint Stock Company Kaspi.kz (KSPI) to Buy (Insider Monkey)
Oct-08-25 07:25AM	Kaspi.kz to Announce 3rd Quarter & 9 months 2025 Financial Results on 10th November (GlobeNewswire)
Sep-30-25 04:13AM	J.P. Morgan Remains a Hold on Joint Stock Company (KSPI) Since its FQ2 2025 Earnings Release (Insider Monkey)
Aug-13-25 08:08AM	Should You Hold Your Stake in Joint Stock Company Kaspi.kz (KSPI)? (Insider Monkey)
Aug-05-25 03:00AM	Kaspi.kz JSC (KSPI) Q2 2025 Earnings Call Highlights: Strong Growth in e-Grocery and ... (GuruFocus.com)
Aug-04-25 01:33PM	Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory (Insider Monkey) +13.80%
07:00AM	Kaspi.kz 2Q & 1H 2025 Financial Results (GlobeNewswire)
Jul-21-25 12:21AM	Joint Stock Company Kaspi.kz (KSPI) To Report Second Quarter Earnings, Here's What to Expect (Insider Monkey)
Jul-17-25 10:38AM	Morgan Stanley Lowered the Firm's PT on Joint Stock Company Kaspi.kz (KSPI), Maintained a Buy Rating (Insider Monkey)
Jul-14-25 07:52AM	Susquehanna Lowered the Firm's PT on Joint Stock Company (KSPI) (Insider Monkey)
Jul-09-25 07:00AM	Kaspi.kz to Announce 2nd Quarter & 1st Half 2025 Financial Results on 4th August (GlobeNewswire)
Jun-30-25 02:52AM	Morgan Stanley Lowered PT on Joint Stock Company (KSPI), Kept an Overweight Rating (Insider Monkey)
Jun-24-25 11:59AM	Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory (Insider Monkey)
Jun-18-25 09:30AM	Kaspi.kz price target lowered to $115 from $127 at Morgan Stanley (TipRanks)
May-13-25 11:18PM	Joint Stock Company Kaspi.kz (KSPI): Among the Most Promising New Technology Stocks According to Analysts (Insider Monkey)
03:03AM	Kaspi.kz JSC (KSPI) Q1 2025 Earnings Call Highlights: Strong Revenue Growth Amid Macro Challenges (GuruFocus.com)
May-12-25 07:00AM	Kaspi.kz 1Q 2025 Financial Results (GlobeNewswire) -7.67%
May-10-25 01:21PM	Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory (Insider Monkey)
May-01-25 09:29AM	Investing Groups Roundtable: Tariff Policy Impact - Part 1 (Seeking Alpha)
Apr-21-25 04:35PM	Kaspi.kz JSC (KSPI) Q4 2024 Earnings Call Highlights: Robust Growth Across All Platforms (GuruFocus.com)
Apr-15-25 07:00AM	Kaspi.kz to Announce 1st Quarter 2025 Financial Results on 12th May (GlobeNewswire)
Apr-08-25 05:09AM	Kaspi: A Strong Buy For Value Investors, While Dividend Investors Should Keep It On Close Watch (Seeking Alpha)
Apr-07-25 05:20AM	Kaspi.kz Delivers Scale, But I Need More Than That To Buy (Seeking Alpha)
Apr-03-25 09:40AM	Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory (Insider Monkey)
Mar-31-25 07:00AM	Kaspi.kz: Announcement of AGM Results (GlobeNewswire)
Mar-27-25 07:00AM	Kaspi.kz to acquire Rabobank Group's Turkish subsidiary Rabobank A. . (GlobeNewswire)
Mar-21-25 10:00AM	Joint Stock Company Kaspi.kz issues USD denominated Eurobond (GlobeNewswire)
Mar-10-25 07:03AM	Kaspi.kz Files Annual Report on Form 20-F (GlobeNewswire)
Mar-04-25 11:58PM	Kaspi.kz receives investment grade rating from Moody's (GlobeNewswire)
Feb-26-25 10:25AM	Top Analysts Eye 30% Upside for Dividend Happy Tech Stock Kaspi.kz (KSPI) (TipRanks)
Feb-24-25 07:03AM	Notice of Annual General Meeting of Shareholders of Kaspi.kz (GlobeNewswire)
06:57AM	Kaspi.kz 4Q and FY 2024 Financial Results (GlobeNewswire)
Feb-14-25 03:18PM	Is Joint Stock Company Kaspi.kz (KSPI) the Best Young Stock to Buy and Hold For 10 Years? (Insider Monkey)
Jan-29-25 04:36AM	Kaspi.kz Completes Acquisition of Controlling Interest in Hepsiburada (GlobeNewswire)
Jan-27-25 03:49AM	Kaspi.kz to Announce 4th Quarter and Full Year 2024 Financial Results on 24th February (GlobeNewswire)
Jan-08-25 12:49PM	Shareholders of Joint Stock Company Kaspi.kz Should Contact Levi and Korsinsky Before February 18, 2025 to Discuss Your Rights KSPI (GlobeNewswire)
Dec-30-24 01:08PM	Shareholders of Joint Stock Company Kaspi.kz Should Contact Levi and Korsinsky Before February 18, 2025 to Discuss Your Rights KSPI (GlobeNewswire)
Dec-29-24 11:45AM	Jim Cramer on Joint Stock Company Kaspi.kz (KSPI): and#8216;I Think A Better Value' (Insider Monkey)
Nov-29-24 03:22AM	Why Joint Stock Company Kaspi.kz (KSPI) Is One of the Best Extremely Profitable Stocks to Buy Now? (Insider Monkey)
Nov-26-24 07:55AM	Joint Stock Company Kaspi.kz (KSPI): Hedge Funds Are Bullish on This Promising New Technology Stock (Insider Monkey)
Nov-20-24 07:07AM	Announcement of Extraordinary General Meeting Results (GlobeNewswire)
Nov-15-24 04:15PM	Update on the privatisation of Humo payments system in Uzbekistan (GlobeNewswire)
Nov-04-24 09:37PM	Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Joint Stock Company Kaspi.kz AO for potential violations of federal securities laws (PR Newswire)
Oct-29-24 09:00PM	Bragar Eagel & Squire, P.C. Is Investigating Winnebago, Laser Photonics, Visa, and Kaspi and Encourages Investors to Contact the Firm (GlobeNewswire)
Oct-23-24 08:17AM	Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Joint Stock Company Kaspi.kz AO for potential violations of federal securities laws (PR Newswire)
Oct-19-24 07:57AM	Kaspi.kz Reports Robust Growth and Strategic Expansion (TipRanks)
Oct-18-24 08:23AM	Notice of Extraordinary General Meeting of Shareholders of Kaspi.kz (GlobeNewswire) +7.78%
06:57AM	Kaspi.kz 3Q and 9M 2024 Financial Results (GlobeNewswire)
04:52AM	E-commerce champions join forces: Kaspi.kz to become controlling shareholder in Turkiye's Hepsiburada (GlobeNewswire)
04:52AM	E-commerce champions join forces: Kaspi.kz to become controlling shareholder in T rkiye's Hepsiburada (GlobeNewswire)
Oct-09-24 10:20AM	Cramer Says Joint Stock Company Kaspi.kz (KSPI) Is A Good Company (Insider Monkey)
Oct-08-24 09:12AM	Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating Joint Stock Company Kaspi.kz AO for potential violations of federal securities laws (PR Newswire)
Oct-04-24 09:00PM	Bragar Eagel & Squire, P.C. Is Investigating Winnebago, Visa, Kaspi, and Sun Communities and Encourages Investors to Contact the Firm (GlobeNewswire)
Sep-28-24 08:30PM	Is Joint Stock Company Kaspi.kz (NASDAQ:KSPI) the Best Long Term Tech Stock To Invest In Now? (Insider Monkey)
Sep-24-24 07:16AM	Kaspi.kz Responds to Investor Questions (GlobeNewswire) +5.16%

Show Previous News

Insider Trading	Relationship	Date	Transaction	Cost	#Shares	Value ($)	SEC Form 4
FINTECH PARTNERS LTD	Affiliate	Oct 23 '26	Proposed Sale	90.53	545,000	49,338,850	Oct 23 04:23 PM
Kim Vyacheslav	Director	Aug 31 '26	Proposed Sale	105.59	1,932,309	204,032,507	Aug 31 04:05 PM
FINTECH PARTNERS LTD	Affiliate	Aug 18 '26	Proposed Sale	99.05	1,200,000	118,860,000	Aug 18 04:04 PM
Kim Vyacheslav	Director	Aug 17 '26	Proposed Sale	99.18	300,000	29,754,000	Aug 17 05:15 PM
Iurii Didenko	Affiliate	Aug 17 '26	Proposed Sale	98.70	50,000	4,935,000	Aug 17 04:25 PM
Kim Vyacheslav	Director	Jun 04 '26	Proposed Sale	86.82	1,000,000	86,820,000	Jun 04 04:23 PM
FINTECH PARTNERS LTD	Affiliate	May 29 '26	Proposed Sale	90.40	1,000,000	90,400,000	May 29 04:56 PM
FINTECH PARTNERS LTD	Affiliate	Apr 01 '26	Proposed Sale	74.07	951,140	70,450,940	Apr 01 04:23 PM
Kim Vyacheslav	Director	Mar 10 '26	Proposed Sale	74.00	1,000,000	74,000,000	Mar 10 04:39 PM
Asia Equity Partners Ltd.	Affiliate	Dec 19 '25	Proposed Sale	77.55	758,447	58,817,565	Dec 19 05:17 PM
Asia Equity Partners Ltd.	Affiliate	Nov 12 '25	Proposed Sale	75.00	357,779	26,833,425	Nov 12 04:48 PM

Kaspi.kz JSC provides a mobile app. The firm operates through the following segments: Payments Platform, Marketplace Platform and Fintech Platform. The Payments Platform segment consists of both consumers and merchants, to facilitate cashless, digital transactions. The Marketplace platform segment connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants. The Fintech Platform segment enables customers to manage their personal finances online and access consumer finance and deposit products primarily through the Kaspi.kz Super App. The company was founded by Mikheil Nugzarovich Lomtadze and Vyacheslav Konstantinovich Kim on October 16, 2008 and is headquartered in Almaty, Kazakhstan.

Co-FounderMr. Mikheil N. Lomtadze

Deputy Chairman of the Management Board & CFOMr. Tengiz Mosidze

Deputy Chairman of the Management Board & Capital MarketsMr. Yuri Didenko

COO & Deputy Chairman of the Management BoardMr. Pavel Mironov

Chief AccountantMs. Nailya A. Ualibekova

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KSPI

Kaspi.kz JSC ADR

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