Added to YB: 2025-10-23
Pitch date: 2025-10-21
KSPI [bullish]
Joint Stock Company Kaspi.kz
-4.04%
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
$42.0K
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.27
P/E
6.79
EV/Sales
2.03
Sector
Consumer Finance
Category
value
$KSPI | Cash or Kaspi - A Wildly Cheap Regional Powerhouse
KSPI: Kazakhstan super app at 7x PE, 6.5x forward PE, 50%+ ROE, 40%+ margins, used by 75% population. Fintech/payments/marketplace flywheel driving 25%+ earnings growth. Risks: currency/Russia geopolitical concerns, Turkey expansion uncertainty, Culper short report allegations (mostly debunked). Cash 2x debt.
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