Added to YB: 2026-09-14
Pitch date: 2026-09-10
KSPI [bullish]
Joint Stock Company Kaspi.kz
Author Info
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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
$8.6T
Pitch Price
N/A
Price Target
N/A
Dividend
8.79%
EV/EBITDA
3.35
P/E
8.15
EV/Sales
1.88
Sector
Consumer Finance
Category
growth
3 Under-the-Radar Stocks to Watch — September 2026 - Joint Stock Company Kaspi.kz
KSPI (monitor): Kaspi combines a dominant Kazakhstan Super App with Turkish marketplace and banking assets, a 55.3% 2025 operating margin and roughly 64% average ROE since 2016. At about 8x 2026 consensus earnings with an expected 8% dividend yield, returns need not depend on rerating; the main risk is that geopolitical and Kazakhstan country risk sustain the low multiple indefinitely.
Read full article (3 min)