Halyk Bank of Kazakhstan (HSBK) Stock Overview
Provides corporate and retail banking services in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 3/6 |
| Past Performance | 3/6 |
| Financial Health | 4/6 |
| Dividends | 4/6 |
Rewards
Risk Analysis
No risks detected for HSBK from our risk checks.
HSBK Community Fair Values
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Analyst Price Targets
Halyk Bank of Kazakhstan Joint Stock Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$31.15 |
| 52 Week High | US$36.45 |
| 52 Week Low | US$22.20 |
| Beta | 0.51 |
| 1 Month Change | -10.75% |
| 3 Month Change | -3.71% |
| 1 Year Change | 31.43% |
| 3 Year Change | 146.44% |
| 5 Year Change | 100.19% |
| Change since IPO | 49.04% |
Recent News & Updates
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).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.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.Recent updates
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).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.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.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.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.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).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).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).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).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).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.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.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.Shareholder Returns
| HSBK | GB Banks | GB Market | |
|---|---|---|---|
| 7D | -0.8% | 3.0% | 1.4% |
| 1Y | 31.4% | 44.7% | 19.5% |
Return vs Industry: HSBK underperformed the UK Banks industry which returned 44.7% over the past year.
Return vs Market: HSBK exceeded the UK Market which returned 19.5% over the past year.
Price Volatility
| HSBK volatility | |
|---|---|
| HSBK Average Weekly Movement | 4.4% |
| Banks Industry Average Movement | 5.6% |
| Market Average Movement | 5.8% |
| 10% most volatile stocks in GB Market | 12.0% |
| 10% least volatile stocks in GB Market | 3.1% |
Stable Share Price: HSBK has not had significant price volatility in the past 3 months compared to the UK market.
Volatility Over Time: HSBK's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1923 | 16,718 | Umut Shayakhmetova | halykbank.kz |
Halyk Bank of Kazakhstan Joint Stock Company, together with its subsidiaries, provides corporate and retail banking services in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan. It operates through four segments: Corporate Banking, SME Banking, Retail Banking, and Investment Banking. The company’s products and services include current, education, term deposit, flexible deposit, accumulative deposit, deposit guarantee, and correspondent accounts; various deposit products; investment savings products; credit, digital, cash deposit, employees, business, first fuel for business, card for SP, card for IE, payroll, salary project, customs, and debit cards; consumer loans and mortgages; consumer loan, refinancing, mortgage, digital mortgage, housing mortgage, online, agriculture, auto, digital auto, and soft car custody loans, and foreign currency related services; overdrafts; other credit facilities; and letters of credit, trade finance products, foreign exchange, interbank operations, cash services, and documentary services.
Halyk Bank of Kazakhstan Joint Stock Company Fundamentals Summary
| HSBK fundamental statistics | |
|---|---|
| Market cap | US$8.48b |
| Earnings (TTM) | US$2.15b |
| Revenue (TTM) | US$3.82b |
Is HSBK overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HSBK income statement (TTM) | |
|---|---|
| Revenue | ₸1.81t |
| Cost of Revenue | ₸6.92b |
| Gross Profit | ₸1.80t |
| Other Expenses | ₸782.26b |
| Earnings | ₸1.02t |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 3.74k |
| Gross Margin | 99.62% |
| Net Profit Margin | 56.34% |
| Debt/Equity Ratio | 71.5% |
How did HSBK perform over the long term?
See historical performance and comparisonDividends
Does HSBK pay a reliable dividends?
See HSBK dividend history and benchmarks| Halyk Bank of Kazakhstan dividend dates | |
|---|---|
| Ex Dividend Date | Apr 29 2026 |
| Dividend Pay Date | May 28 2026 |
| Days until Ex dividend | 28 days |
| Days until Dividend pay date | 1 day |
Does HSBK pay a reliable dividends?
See HSBK dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/26 12:28 |
| End of Day Share Price | 2026/05/22 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 |
| |
| 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Halyk Bank of Kazakhstan Joint Stock Company is covered by 12 analysts. 3 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. |