Halyk Bank of Kazakhstan Dividends and Buybacks
Dividend criteria checks 4/6
Halyk Bank of Kazakhstan is a dividend paying company with a current yield of 8.35% that is well covered by earnings.
Key information
8.4%
Dividend yield
0.03%
Buyback Yield
| Total Shareholder Yield | 8.4% |
| Future Dividend Yield | 12.0% |
| Dividend Growth | 19.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 32% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 24
HSBK: Steady Governance Changes And P/E Assumptions Will Support Balanced Outlook
Analysts have kept their $31.90 price target for Halyk Bank of Kazakhstan steady, citing largely unchanged assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, which together support a consistent view of the stock. What’s in the News for Halyk Bank of Kazakhstan JSC Halyk Bank shareholders approved amendments to the bank’s Charter at the Annual General Shareholders' Meeting held on April 23, 2026, according to the meeting resolution.Narrative Update • Jun 05
HSBK: Governance Changes And Higher P/E Will Shape Balanced Outlook
Analysts have held their $31.90 price target for Halyk Bank of Kazakhstan. They explained the unchanged view by pointing to updated assumptions that pair a slightly higher discount rate and revenue growth outlook with lower profit margin expectations and a higher future P/E of 4.87x.Narrative Update • May 03
HSBK: Board Uncertainty And Rich P/E Will Sustain Overvaluation
Analysts have kept their $31.90 price target for Halyk Bank of Kazakhstan unchanged, explaining that adjustments to their revenue growth, profit margin and forward P/E assumptions offset one another in their updated model. What's in the News Shareholders approved an amendment to the Charter of JSC Halyk Bank at the Annual General Shareholders' Meeting held on April 23, 2026, signaling changes to the bank's governing documents (Key Developments).Narrative Update • Apr 19
HSBK: Stable Margins And Lower Discount Rate Will Sustain Overvaluation
Analysts have maintained their $31.90 price target for Halyk Bank of Kazakhstan, citing a slightly lower discount rate and a marginally reduced future P/E assumption as the main factors in their updated valuation analysis. Valuation Changes Fair Value: $31.90 remains unchanged in the updated assessment.Narrative Update • Apr 02
HSBK: Higher Margins And Cautious Revenue Outlook Will Shape Fair View
Analysts have lifted their price target on Halyk Bank of Kazakhstan by $2, from $29.90 to $31.90, citing updated assumptions that include a different revenue growth outlook, higher profit margin expectations, and a slightly adjusted P/E multiple and discount rate. Valuation Changes Fair Value: Price target revised from $29.90 to $31.90, a modest uplift in the central valuation estimate.Narrative Update • Mar 19
HSBK: Stable Margins And Lower P E Multiple Will Shape Fair View
Analysts have maintained their $29.90 price target for Halyk Bank of Kazakhstan, citing only small model tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their overall view of the shares. Valuation Changes Fair Value: The $29.90 per share estimate is unchanged, keeping the implied valuation level steady.Narrative Update • Mar 03
HSBK: Stable Metrics And Modest P E Assumptions Will Support Fair View
Analysts have kept their $29.90 price target for Halyk Bank of Kazakhstan unchanged, citing largely consistent assumptions for discount rate, revenue growth, profit margin and future P/E in their updated models. Valuation Changes Fair Value: $29.90 remains unchanged, indicating no adjustment to the central valuation output in the updated model.Narrative Update • Feb 17
HSBK: Follow On Offering Will Support Capital As Fair View Persists
Analysts have maintained their $29.90 price target for Halyk Bank of Kazakhstan, making only minor adjustments to inputs such as the discount rate and future P/E assumptions to reflect fine tuning rather than a change in their core outlook. What's in the News Halyk Bank of Kazakhstan Joint Stock Company has filed a follow on equity offering in the amount of KZT 143.3568b, using Global Depositary Receipts as the security format (Key Developments).Narrative Update • Feb 02
HSBK: Follow-On Offering Will Support Capital While Outlook Remains Steady
Analysts have nudged their price target for Halyk Bank of Kazakhstan to US$29.90, reflecting small tweaks to inputs such as the discount rate, revenue growth, profit margin and assumed future P/E multiple rather than a shift in the core outlook. What's in the News Halyk Bank of Kazakhstan Joint Stock Company has filed a follow on equity offering totaling KZT 143.3568b through Global Depositary Receipts, categorized as a Follow on Equity Offering (Key Developments).Narrative Update • Jan 19
HSBK: Follow-On Offering Will Support Capital While Valuation Appears Steady
Analysts have kept their price target for Halyk Bank of Kazakhstan unchanged at $29.90, citing essentially steady assumptions around the discount rate, revenue growth, profit margin, and future P/E, which together support a consistent valuation view. What's in the News Halyk Bank of Kazakhstan Joint Stock Company has filed a follow-on equity offering totaling KZT 143.3568b in Global Depositary Receipts, giving investors an additional way to access the stock through depositary receipts linked to common shares (Key Developments).Narrative Update • Jan 04
HSBK: Follow-On Equity Offering Will Support Capital And Future Earnings Stability
Analysts have modestly raised their price target on Halyk Bank of Kazakhstan to $29.90 per share from $29.90, reflecting refined assumptions around the bank's discount rate, revenue growth, profit margins, and forward price to earnings expectations. What's in the News Halyk Bank of Kazakhstan Joint Stock Company has filed a follow on equity offering totaling approximately KZT 143.36 billion, signaling a move to strengthen its capital base (regulatory filing).Narrative Update • Dec 14
HSBK: Future Buybacks And Offering Will Support Capital Structure And Earnings
Analysts have modestly raised their price target on Halyk Bank of Kazakhstan to $29.90 from $29.90, citing a slightly lower discount rate and a higher expected future price to earnings multiple that more than offset softer assumptions for revenue growth and profit margins. What's in the News Halyk Bank of Kazakhstan has filed a follow on equity offering of approximately KZT 143.4 billion via 12 million Global Depositary Receipts, priced at KZT 11,946.4 per GDR (Key Developments).Narrative Update • Nov 28
HSBK: Share Repurchase Program Will Optimize Capital Structure And Support Margins
Analysts have raised their price target for Halyk Bank of Kazakhstan from $27.60 to $29.90. They cite higher projected revenue growth and marginally stronger profit margins as key contributing factors.Narrative Update • Nov 05
HSBK: Share Buybacks And Dividend Decisions Will Influence Future Performance Margins
Analysts have raised their price target for Halyk Bank of Kazakhstan from $25.93 to $27.60, citing slight adjustments in growth forecasts and financial metrics. What's in the News Halyk Bank has announced a share repurchase program to buy back up to $50 million worth of Global Depositary Receipts, not to exceed 1% of its total common shares.New Narrative • Aug 03
Overvaluations Will Undermine Digital Banking Amid Regulatory Risks
Digital banking and Super-App success have boosted efficiencies, but overvaluation and rising competition threaten future growth and margin expansion.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: HSBK has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: HSBK's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Halyk Bank of Kazakhstan Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (HSBK) | 8.4% |
| Market Bottom 25% (GB) | 2.2% |
| Market Top 25% (GB) | 5.6% |
| Industry Average (Banks) | 3.5% |
| Analyst forecast (HSBK) (up to 3 years) | 12.0% |
Notable Dividend: HSBK's dividend (8.35%) is higher than the bottom 25% of dividend payers in the UK market (2.18%).
High Dividend: HSBK's dividend (8.35%) is in the top 25% of dividend payers in the UK market (5.58%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.2%), HSBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HSBK's dividends in 3 years are forecast to be covered by earnings (54.1% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/26 18:22 |
| End of Day Share Price | 2026/06/26 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Halyk Bank of Kazakhstan Joint Stock Company is covered by 12 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Olga Veselova | BofA Global Research |
| Simon Nellis | Citigroup Inc |
| Pavel Simacek | Daiwa Securities Co. Ltd. |