Added to YB: 2025-06-02
Pitch date: 2025-06-02
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
$8.7T
Pitch Price
N/A
Price Target
N/A
Dividend
8.74%
EV/EBITDA
3.37
P/E
8.20
EV/Sales
1.89
Sector
Consumer Finance
Category
value
Kaspi (KSPI)
KSPI (new position): Kazakh fintech/SuperApp at 6.5x fwd earnings w/ double-digit rev growth; marketplace/payments push warrants re-rating vs bank multiple. Battleground stock: short reports allege self-dealing, related-party deals, Russia money-laundering ties. Down from $140 to $80. Small position (<1%) given uncertainty; 5x upside in 5-7yrs if legit. Russia-Ukraine ceasefire a catalyst.
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