Price
$90.30+1.92%Social Signal Score
Analyst Ratings
3 analystsRevenue
$1.10T+229.70%Analyst Estimates
Consensus estimates, not results. Via Financial Modeling Prep.
Company Profile
- CEO
- Mikheil N. Lomtadze
- Sector
- Technology
- Industry
- Software - Infrastructure
- Employees
- 14,008
- Beta
- 0.09
- Country
- KZ
- Piotroski score
- 7 / 9 (Strong)
- Altman Z-score
- 1.87
Financials
Revenue
$1.10T+229.7%Net Income
$257.15B+55.6%EBITDA
$325.78B+63.0%Free Cash Flow
$655.01B+326.2%EPS (diluted)
$1351.01+58.8%Shares Outstanding (diluted)
190.02M-2.1%Operating Expenses
$0.00Cash & Debt
$2.57TReturn of Capital
$323.20BDividend per Share
$2.17Quote
Valuation & Ratios
Returns & Efficiency
Revenue & Net Income (Annual)
| Fiscal Year | Revenue | Net Income | EPS |
|---|---|---|---|
| 2025 | $3.94T | $1.04T | $5464.06 |
| 2024 | $2.52T | $1.04T | $5474.35 |
| 2023 | $1.89T | $841.35B | $4431.43 |
| 2022 | $1.27T | $585.03B | $3051.00 |
| 2021 | $885.48B | $431.91B | $2247.00 |
| 2020 | $647.52B | $260.96B | $1361.00 |
| 2019 | $524.58B | $193.79B | $1010.35 |
Valuation
Project earnings forward and see what return today's price implies.
Seeded from KSPI's reported EPS growth of 32.5% a year over 6 years. Historical EPS growth of 32% reflects a recovery from a low base and won't persist. Capped at 30% as a starting point.
- EPS in 5 years
- $20,290
- Implied price
- $142,033
- Return from $94.05
- 332.3% a year
To earn 15.0% a year on these assumptions you'd need to buy at $70,616 — today's price is already 99.9% below that.
How sensitive is that answer?
Annual return across nearby assumptions. If the result is only attractive in one corner, that is the finding.
| growth \ P/E | 3 | 5 | 7 | 9 | 11 |
|---|---|---|---|---|---|
| 20.0% | 236.9% | 273.1% | 299.1% | 319.6% | 336.8% |
| 25.0% | 250.9% | 288.6% | 315.7% | 337.1% | 355.0% |
| 30.0% | 264.9% | 304.2% | 332.3% | 354.6% | 373.2% |
| 35.0% | 279.0% | 319.7% | 348.9% | 372.1% | 391.4% |
| 40.0% | 293.0% | 335.3% | 365.6% | 389.6% | 409.6% |
This is arithmetic on assumptions you chose, not a forecast or a recommendation. It ignores dividends, buybacks, share issuance and debt, and it assumes a company still earning money in 5 years. Change any input and the answer changes a lot — that sensitivity is the honest result, not a flaw in the model.
Signal Score (90d)
108+7.50%Social Signal Score
Mentions (5)
- Newsseekingalpha.com·11d ago·Neutral
Kaspi.kz: Dividend Raise, Despite Hepsiburada Likely Still Dragging Kaspi maintains a Buy rating, supported by stable or accelerating segment metrics, and a dividend raise ahead of possible Hepsi inflection in 2027. Fintech loan growth is strong, with a positive shift toward longer-duration, revenue-generating loans and improved credit quality. A recent rate cut in Kazakhstan reduces funding costs, enhancing margins in KSPI's interest-dependent segments.
View source ↗ - Newsglobenewswire.com·26d ago·Neutral
Announcement of EGM Results ALMATY, Kazakhstan, Sept. 10, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announces that the following resolutions were duly passed at its Extraordinary General Meeting on 09 September 2026: 1.
View source ↗ - Newsseekingalpha.com·42d ago·Positive
Kaspi.Kz: Rabobank Acquisition Unlocks Flywheel Opportunity In Turkey Kaspi.kz remains a 'Buy' as growth in Kazakhstan and new Turkish initiatives offset currency headwinds and emerging market risks. Q2 results met guidance: revenue up 15% YoY, driven by Fintech (23% YoY) and marketplace value-added services (27% YoY). Kazakh innovation advances with Kasper AI assistant, boosting customer engagement and reinforcing KSPI's competitive moat.
View source ↗ - Newsseekingalpha.com·56d ago·Positive
Joint Stock Company Kaspi.kz (KSPI) Q2 2026 Earnings Call Transcript Joint Stock Company Kaspi.kz (KSPI) Q2 2026 Earnings Call Transcript
View source ↗ - Newsseekingalpha.com·58d ago·Neutral
Kaspi.kz: Betting On A Proven Playbook In A Much Larger Market Kaspi trades at a forward P/E of 7.6x despite robust profitability and a dominant fintech ecosystem in Kazakhstan. KSPI's expansion into Turkey is currently dilutive but offers potential for outsized revenue growth and eventual margin recovery as fintech products scale. My valuation implies more than 75% upside to a $163 price target.
View source ↗
Earnings
Mon, Oct 26(in 3 weeks)
Consensus estimate $3.44 per share
Typical surprise -1.5% (median, so one quarter with a near-zero estimate can't distort it)
- Mon, Aug 10$2.83 vs $2.78beat
- Mon, May 11$2.63 vs $2.59beat
- Mon, Mar 2$2.80 vs $3.25miss
- Mon, Nov 10$2.72 vs $4.31miss
- Wed, Aug 6$2.69 vs $2.66beat
- Mon, May 12$2.59 vs $2.63miss
Estimates and results for KSPI via Financial Modeling Prep. Beating consensus says the company cleared the bar analysts set, not that the business grew.
Insider trading
Open-market buys and sells by KSPI officers and directors.
- Bought
- —
- Sold
- —
0 trades
100 trades
- Kim Vyacheslavsold
- Kim Vyacheslavsold
- Kim Vyacheslavsold
- Kim Vyacheslavsold
- Kim Vyacheslavsold
- Kim Vyacheslavsold
- Kim Vyacheslavsold
- Kim Vyacheslavsold
Buying is the stronger signal: an insider spends their own money for one reason. Selling has many innocent explanations — tax, diversifying, a house — so it says far less than it appears to. Via SEC filings.
Congress trades
No disclosed congressional trades in KSPI.
Self-reported filings, amounts as brackets. Via Senate/House disclosures.