Added to YB: 2025-02-26
Pitch date: 2024-02-25
KSPI [neutral]
Joint Stock Company Kaspi.kz
-21.55%
current return
Author Info
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
$97.73
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 | Fin-Tech Super-App Business
KSPI (overview): Kazakh super-app powerhouse w/ payments, e-commerce, fintech & gov services. 14M users, 67% daily engagement. Expanding to Turkey (5x market). Strong financials: 40%+ net margin, 80%+ ROE. Trading at 10x earnings despite 25%+ growth. Risks: geopolitical, short-seller allegations. Founder-led, customer-centric.
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