Added to YB: 2025-01-27
Pitch date: 2025-01-24
KSPI [bullish]
Joint Stock Company Kaspi.kz
-18.82%
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
$94.44
Price Target
N/A
Dividend
N/A
EV/EBITDA
3.27
P/E
6.79
EV/Sales
2.03
Sector
Consumer Finance
Category
growth
Kaspi - moat via super appKaspi - Burggraben per Super App
KSPI: Dominant Kazakh super app w/ 14.5M MAU, 92% using payments. High-margin fintech, marketplace, payments. Strong growth (25%+ YoY), low P/E (7.5x), 7.4% yield. Expanding to Turkey via Hepsiburada. Risks: regulation, political environment. CEO Lomtadze key asset. Undervalued vs peers like MELI.
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