Added to YB: 2026-07-01
Pitch date: 2026-06-29
KSPI [bullish]
Joint Stock Company Kaspi.kz
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
$8.2T
Pitch Price
N/A
Price Target
N/A
Dividend
7.87%
EV/EBITDA
3.23
P/E
7.74
EV/Sales
1.82
Sector
Consumer Finance
Category
value
7.7x P/E, 8% Dividends, What's Not to Like? - Kaspi.kz
KSPI: Kazakhstan Super App (15.7M MAUs, ~80% e-commerce payments share) across Payments, Marketplace, Fintech. FY25 rev +19%, NI +10%; Q1/26 rev +31% but NI -1% on Turkey investments. 7.7x P/E, 8% yield, 64% payout. Turkey expansion via Hepsiburada, Rabobank license. CEO owns 23%, Tencent stake. Risks: EM macro, execution.
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