Added to YB: 2024-04-29
Pitch date: 2024-04-28
KSPI [bullish]
Joint Stock Company Kaspi.kz
-33.22%
current return
Author Info
Momentum Financial researches stocks from around the world to invest in for the long-term. 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
$114.81
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: Q1 2024 Results
KSPI: Kaspi.kz Q1 results impress again. Revenue +40%, Net Profit +28% YoY. Marketplace GMV +62%, Take-Rate 9.5% (record). e-Commerce GMV +114%, m-Commerce +34%, Kaspi Travel +44%. New e-Grocery & e-Cars verticals scaling fast. Payments transactions +42%. Deposits +32%, Average Net Loan +37%. NPLs improved to 5.3%. Fintech slower at +3% profit on rates & provision. Dividend of $1.90/ADS (6.3% yield). CEO addresses Bloomberg article, supports free market payment system. Seeks smart intl expansion. Stock at 9.7x 2024e profit. Risks: currency, Russia, regulation.
Read full article (13 min)