Professional
Added to YB: 2024-11-11
Pitch date: 2024-10-17
KSPI [bullish]
Joint Stock Company Kaspi.kz
-29.41%
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
$108.28
Price Target
222.00 (+190%)
Dividend
N/A
EV/EBITDA
3.27
P/E
6.79
EV/Sales
2.03
Sector
Consumer Finance
Category
growth
Kathmandu Capital Portfolio Holding: Kaspi.kz
KSPI.IL: Kazakhstan super app leader in payments, marketplace & fintech. 44% net margin, 9.4% FCF yield. Strong moat via network effects. 38% user overlap = cross-sell potential. Mgmt track record of 30%+ growth. Trading at 8.5x fwd earnings due to EM status. 100%+ upside in 2-3 yrs on US uplisting & value realization.
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