Professional
Added to YB: 2024-12-19
Pitch date: 2024-12-17
KSPI [bullish]
Joint Stock Company Kaspi.kz
-25.42%
current return
Author Info
Meditation Capital is a global long-only fund with a focus on investing in quality companies with exceptional products. Their goal is to generate high rates of return while striving to continually maintain safety of principal. Sign up for the newsletter.
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
$102.80
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.27
P/E
6.79
EV/Sales
2.03
Sector
Consumer Finance
Category
growth
Meditation Capital Portfolio Holding: Joint Stock Company Kaspi.kz
KSPI: 25% earnings growth in 2023, 21% in 2024 (pre-Hepsiburada). 8x 2025 P/E. Acquired Turkish e-commerce biz faces challenges vs Trendyol but has low-hanging fruit. False short report created overhang. Strong results expected to overcome hurdles over time.
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