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Joint Stock Company Kaspi.kz Stock Price

NasdaqGS:KSPI Community·US$14.3b Market Cap
  • 3 Narratives written by author
  • 3 Comments on narratives written by author
  • 162 Fair Values set on narratives written by author

KSPI Share Price Performance

US$74.85
-36.10 (-32.54%)
32.8% undervalued intrinsic discount
US$111.40
Fair Value
US$74.85
-36.10 (-32.54%)
32.8% undervalued intrinsic discount
US$111.40
Fair Value
Price US$74.85
AnalystConsensusTarget US$111.40
AnalystHighTarget US$129.92
AnalystLowTarget US$86.28

KSPI Community Narratives

AnalystConsensusTarget·
Fair Value US$111.4 32.8% undervalued intrinsic discount

Kazakhstan And Turkey Markets Will Unlock Digital Opportunity

4users have liked this narrative
3users have commented on this narrative
83users have followed this narrative
AnalystHighTarget·
Fair Value US$130.73 42.7% undervalued intrinsic discount

Digitalization And Rising Incomes Will Expand Cashless Markets

0users have liked this narrative
0users have commented on this narrative
3users have followed this narrative
AnalystLowTarget·
Fair Value US$85.53 12.5% undervalued intrinsic discount

Cybersecurity Threats And Kazakhstan Exposure Will Stifle Expansion

0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
US$111.4
32.8% undervalued intrinsic discount
Revenue growth
17% p.a.
Profit Margin
32.76%
Future PE
9.26x
Share price in 2028
US$148.18
US$130.73
42.7% undervalued intrinsic discount
Revenue growth
24.97% p.a.
Profit Margin
27.82%
Future PE
10.42x
Share price in 2028
US$173.32
US$85.53
12.5% undervalued intrinsic discount
AnalystLowTarget Fair Value
Revenue growth
11.46% p.a.
Profit Margin
39.72%
Future PE
6.76x
Share price in 2028
US$113.32

Snowflake Analysis

Very undervalued with excellent balance sheet.

1 Risk
5 Rewards

Joint Stock Company Kaspi.kz Key Details

₸3.2t

Revenue

₸678.8b

Cost of Revenue

₸2.5t

Gross Profit

₸1.4t

Other Expenses

₸1.1t

Earnings

Last Reported Earnings
Jun 30, 2025
Next Reporting Earnings
Nov 10, 2025
5.72k
78.66%
34.29%
27.5%
View Full Analysis

About KSPI

Founded
2008
Employees
n/a
CEO
Mikheil Lomtadze
WebsiteView website
ir.kaspi.kz

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. It operates in three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants’ sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.

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