Professional
Added to YB: 2025-10-16
Pitch date: 2025-10-14
KSPI [neutral]
Joint Stock Company Kaspi.kz
-6.19%
current return
Author Info
No bio for this author
Company Info
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.
Market Cap
$7.4T
Pitch Price
$42.9K
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.27
P/E
6.79
EV/Sales
2.03
Sector
Consumer Finance
Category
value
Kathmandu Capital Portfolio Holding: Kaspi.kz
KSPI (holding update): Trades 7x earnings despite outperforming Street expectations, substantial discount to regional e-commerce peers. Turkish unit Hepsiburada +42% EBITDA growth YOY. Pending Robobank acquisition H2 should strengthen digital lending position using proven Kazakhstan playbook.
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