Kaspi.kz Past Earnings Performance
Past criteria checks 3/6
Kaspi.kz has been growing earnings at an average annual rate of 33.6%, while the Consumer Finance industry saw earnings growing at 6.3% annually. Revenues have been growing at an average rate of 33.2% per year. Kaspi.kz's return on equity is 71.9%, and it has net margins of 41%.
Key information
33.6%
Earnings growth rate
33.2%
EPS growth rate
| Consumer Finance Industry Growth | 7.2% |
| Revenue growth rate | 33.2% |
| Return on equity | 71.9% |
| Net Margin | 41.0% |
| Next Earnings Update | 24 Feb 2025 |
Recent past performance updates
Recent updates
Kaspi: A High-Quality Technology Business Trading On A Dirt Cheap Multiple
Jan 15Kaspi.kz Has Flourished With Growth, But Long-Term Future May Depend On Overseas Expansion
Jan 09Hepsiburada Changes Everything For Kaspi
Oct 27Kaspi.kz: Look Beyond The Short Seller Report, But Hold For Now (Downgrade)
Sep 24Kaspi.kz: The Super App Remains Super
Jul 10Kaspi.kz: Kazakh Super App Offers Hypergrowth At Value Prices
May 17Kaspi.kz: Dominant Business With More Room To Grow
Feb 23Revenue & Expenses Breakdown
How Kaspi.kz makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 2,370,679 | 972,121 | 74,519 | 107,166 |
| 30 Jun 24 | 2,223,509 | 933,584 | 67,540 | 102,373 |
| 31 Mar 24 | 2,061,394 | 887,847 | 59,131 | 96,705 |
| 31 Dec 23 | 1,902,598 | 841,351 | 51,359 | 88,657 |
| 30 Sep 23 | 1,722,373 | 784,217 | 47,197 | 77,923 |
| 30 Jun 23 | 1,559,341 | 718,304 | 44,280 | 71,058 |
| 31 Mar 23 | 1,408,004 | 656,187 | 42,976 | 64,811 |
| 31 Dec 22 | 1,269,215 | 585,026 | 50,390 | 60,117 |
| 30 Sep 22 | 1,151,798 | 534,245 | 47,719 | 54,527 |
| 30 Jun 22 | 1,053,118 | 492,831 | 45,377 | 50,718 |
| 31 Mar 22 | 970,264 | 459,765 | 43,164 | 47,783 |
| 31 Dec 21 | 885,478 | 431,914 | 32,387 | 44,388 |
| 30 Sep 21 | 753,756 | 373,819 | 9,663 | 41,442 |
| 30 Jun 21 | 675,046 | 318,186 | 18,659 | 37,019 |
| 31 Mar 21 | 611,752 | 272,705 | 23,453 | 32,836 |
| 31 Dec 20 | 602,869 | 260,964 | 28,927 | 29,183 |
| 30 Sep 20 | 611,615 | 244,432 | 56,484 | 22,905 |
| 30 Jun 20 | 586,148 | 233,524 | 62,565 | 25,562 |
| 31 Mar 20 | 569,537 | 225,293 | 47,608 | 19,634 |
| 31 Dec 19 | 513,914 | 193,790 | 43,192 | 18,891 |
| 30 Sep 19 | 467,463 | 158,293 | 38,440 | 17,435 |
| 30 Jun 19 | 433,061 | 133,017 | 22,518 | 12,371 |
| 31 Mar 19 | 400,437 | 114,159 | 31,512 | 15,975 |
| 31 Dec 18 | 375,331 | 105,540 | 28,114 | 14,719 |
| 30 Sep 18 | 347,962 | 92,425 | 25,772 | 13,941 |
| 30 Jun 18 | 316,934 | 76,463 | 23,282 | 13,306 |
| 31 Mar 18 | 282,872 | 77,797 | 9,045 | 379 |
| 31 Dec 17 | 275,753 | 49,015 | 20,682 | 12,503 |
| 31 Dec 16 | 223,303 | 4,159 | 15,167 | 11,120 |
| 31 Dec 15 | 87,583 | -8,153 | 1,463 | 0 |
Quality Earnings: KSPI has a high level of non-cash earnings.
Growing Profit Margin: KSPI's current net profit margins (41%) are lower than last year (45.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: KSPI's earnings have grown significantly by 33.6% per year over the past 5 years.
Accelerating Growth: KSPI's earnings growth over the past year (24%) is below its 5-year average (33.6% per year).
Earnings vs Industry: KSPI earnings growth over the past year (24%) exceeded the Consumer Finance industry -4.1%.
Return on Equity
High ROE: KSPI's Return on Equity (71.9%) is considered outstanding.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 06:12 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Ownership | 10 years |
| |
| 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 here.
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.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 .
Analyst Sources
Joint Stock Company Kaspi.kz is covered by 14 analysts. 9 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 |
|---|---|
| Catherine O'Neill | Citigroup Inc |
| Pavan Daswani | Citigroup Inc |
| Ygal Arounian | Citigroup Inc |