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Company Analysis

Joint Stock Company Kaspi.kz - KSPI

A comprehensive view of key metrics, scores, and financial health for Joint Stock Company Kaspi.kz -

Overview of Joint Stock Company Kaspi.kz

KSPI NMS
Technology Software - Infrastructure Large Cap
Joint Stock Company Kaspi.kz (KSPI), is a Large Cap company, in the Software - Infrastructure industry, last closed at $68.84, about 93189.6% undervalued vs fair value, -30.9% 1Y return, placing in the top 25% of its sector.
$68.84
-3.21%
As of March 13, 2026
Previous close • Vol 90d: 34.6%
Market Cap
$14.90B
Enterprise Value
$-48.56B
Overall Score
Scores locked

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Top Beats

Quick Facts

Website https://ir.kaspi.kz
HQ Almaty
Fiscal year Dec 31

Next Events

Earnings May 18 Estimated

Fair Value Snapshot

Bear Base Bull
$59274
$64221
$69922
Current: $68.84 +93190% vs base

Engine Room Money Flow™

Large Cap

Corporate Free Cash Flow - Where revenue goes and how value is created

Flow Steps
Revenue
$2.5T
33.4%%
Gross Profit
$1.6T
29%%
Operating Income
$1.3T
27.3%%
Net Income
$1.0T
23.6%%
Money Flow Bridge
Flow Direction: Money moves from left to right
Components: Breakdown shows composition of each stage
Industry-Specific: Corporate Free Cash Flow

Quality & Reliability Indicators

Cash Conversion Ratio
46.8%
Poor

FCF / Net Income - measures how well earnings convert to cash

Locked Metric
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Owner's Pocket - Capital Allocation

Total Returned to Shareholders

Combined dividends, buybacks, and debt reduction

$697.7B
143.5% of FCF

Where It Leaks

Cash Flow Health critical
Significant cash flow inefficiencies identified. Multiple high-impact leaks require attention.
2
Active Leaks
0/2
Improving
0
High Impact
2
Critical
Locked Leak
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Moat Analysis Corporate Default

Competitive Advantage Assessment

Evaluating Joint Stock Company Kaspi.kz - 's durable competitive advantages across 6 defense dimensions

Overall Moat Strength
76
/100
Strong
Scores based on quantitative metrics and qualitative factors

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Pricing Power

Strong
79
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Trade-Off Ledger™

Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 92% Coverage
Trade-Off Triangle Visualization A ternary plot showing KSPI's balance between Growth (39.2%), Profitability (40.6%), and Safety (20.2%). Growth 39% Safety 20% Profitability 41%

Click axes to expand details. Marker shows current allocation.

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Growth

79th percentile vs peers
80
Key Signals
Rev Growth YoY 33.4% 83p Revenue CAGR 3Y 41.5% 87p EPS CAGR 3Y 34.7% 84p EPS Growth YoY 24.0% 52p
Strengths
  • Rev Growth Yoy in top 20% of peers (33.4%, 83th percentile)
  • Revenue Cagr 3Y in top 20% of peers (41.5%, 87th percentile)
  • Operating Margin in top 20% of peers (50.4%, 98th percentile)
  • Net Profit Margin in top 20% of peers (41.2%, 96th percentile)
Risks

No significant risks identified for this axis.

Profitability

82th percentile vs peers
82
Key Signals
Strengths
Risks
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Safety

40th percentile vs peers
41
Key Signals
Strengths
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Two Futures

Scenario-based fair value ranges for Joint Stock Company Kaspi.kz - .

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Unable to Compute Fair Value

This company cannot be valued using standard models.

What this means: The Scenario Theatre requires financial data (revenue, cash flow, shares outstanding) to calculate fair value estimates. This data may be unavailable for:

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  • Shell companies or holding companies
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Bear
-
- - -
- upside
-
Base
$64220.55
- - -
+93189.6% vs current
Snapshot base estimate
Bull
-
- - -
- upside
-
Fair Value Range Current: $-
$- $- $-
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