FRC
FRC Logo
Sign InGet Access

Connect With Us

Stay updated with our latest research and insights

Fundamental Research Corp Logo

Highly ranked equity research firm providing institutional grade tools and analysis to all investors worldwide. Trusted by global investors for over 20+ years.

20+ Years
Rate us on TrustpilotLeave a review

Policies

  • Privacy Policy
  • Terms of Service
  • Disclaimer

Company

  • About Us
  • Our Team
  • Contact Us
  • Leave a Review

Resources

  • Videos
  • Research Reports
  • FAQ
  • How to use FRC

Browse

  • Stock Directory
  • Stock Screener
  • Market Intel Weekly
  • Report Archive

Trackers

  • Congress Trading
  • Senate Trading
  • Congress Net Worth
  • Commodities

© 2026 Fundamental Research Corp. All Rights Reserved.

Professional investment research since 2003

Home
Research
Get Access
Sign In
Joint Stock Company Kaspi.kz Stock AnalysisComprehensive stock analysis for Joint Stock Company Kaspi.kz (KSPI) including live price, Snowflake performance metrics, financial statements, and investment research.Stock AnalysisKSPI
KSPI
Joint Stock Company Kaspi.kz
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
KSPI
Home🔹Stocks🔹Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz

🇺🇸KSPI•NASDAQ

Joint Stock Company Kaspi.kz

🇺🇸KSPI•NASDAQ
Market cap
$18.98B
Sentiment

Your view on KSPI

Mkt Cap
$18.98B
Sentiment
Your view
KSPI
Joint Stock Company Kaspi.kz
  • Company Overview
  • FRC Research
  • Financial Data
  • Peer Comparison
  • Ownership & News
KSPI
Company Overview

Overview

What the company does, where it operates, and who runs it.

About Joint Stock Company Kaspi.kz

Industry
Software - Infrastructure
Sector
Technology
CEO
Mikheil N. Lomtadze
Headquarters
KZ
Industry
Software - Infrastructure
Sector
Technology
CEO
Mikheil N. Lomtadze
Headquarters
KZ
Description

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform.

The Payments Platform segment facilities transactions between customers and merchants. This segment offers shopping transactions, regular household bills, and peer to peer payments for consumers; accepts payment online and in store, issue and settle invoices, pay suppliers and monitor merchant turnover.

It also provides proprietary data facilities informed decision making across multiple areas of business. Its Marketplace Platform segment connects online, and offline merchants and consumers enabling merchants to enhance its sales through an omni channel strategy and enable consumers to buy products and services from various merchants.

This segment also operates marketplace through m-commerce, a mobile solution for shopping in person which consumers can use e-commerce to shop anywhere, anytime with free delivery; Kaspi Travel allows consumers to book domestic and international flights and package holidays, domestic rail tickets.

It also enhances merchants sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with BNPL, finance, and savings products and merchants with merchant finance services through super apps and Kapsi.kz Super app.

It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; and storage and processing of information services. The company was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.

FRC Research

Media

Infographics, videos, and posts covering the company.

Financial Data

Stock Data

Price chart, volume, and trading data.

Fair Value

What FRC thinks it is worth vs. the current price.

FRC's fair value estimate for Joint Stock Company Kaspi.kz, and the rating behind it. KSPI last traded at $99.89, 8.1× trailing earnings — the estimate is read against that market price. FRC analysts run the firm's valuation model across the companies on this platform to estimate what each one is worth, rather than republishing a consensus average. Shows the current estimate, our rating, and when it was last revised. A free account covers 7 company valuations a month; a paid subscription is unlimited.

Financial Ratios

Profitability, returns, valuation, and leverage ratios.

Valuation, profitability, liquidity and leverage ratios for Joint Stock Company Kaspi.kz. Starting points for Joint Stock Company Kaspi.kz: P/E 8.1, EPS $5484.75, beta 0.09 — an Software - Infrastructure name. P/E, P/B, EV/EBITDA, margins, return on equity, current ratio and debt coverage, each shown against the company's own history.

Dividend Analysis

Yield, payout ratio, and dividend coverage metrics.

Dividend history, yield and payout sustainability for Joint Stock Company Kaspi.kz. Joint Stock Company Kaspi.kz paid $3.53 per share over the last year — a 3.5% yield at the current $99.89 price. Per-share payments, yield over time, payout ratio and growth streak, with coverage measured against free cash flow.

Earnings Analysis

EPS history, beat rate, and upcoming earnings reports.

Reported vs. expected earnings history for Joint Stock Company Kaspi.kz. Trailing twelve-month EPS for Joint Stock Company Kaspi.kz stands at $5484.75. EPS surprises by quarter, revenue against estimates, and the upcoming reporting date.

Financial Statements

Income statement, balance sheet, and cash flow statements.

Income statement, balance sheet and cash flow history for Joint Stock Company Kaspi.kz. Annual and quarterly filings with period-over-period comparison, so you can trace how revenue, margins and cash generation have moved.

Peer Comparison

Comparables

List of peer companies in the same industry.

Joint Stock Company Kaspi.kz valued side by side against its closest peers. Joint Stock Company Kaspi.kz is measured against Software - Infrastructure peers within the Technology sector. Peer-relative multiples and operating metrics, so the valuation is read in the context of its own sector rather than in isolation.

Ownership & News

Institutional Ownership

Premium

Which funds and firms own the stock.

Which institutions hold Joint Stock Company Kaspi.kz, and how their positions are changing. At a $18.98B market value, institutional positions materially move Joint Stock Company Kaspi.kz's register. Top holders, position sizes, and quarter-over-quarter accumulation or distribution from regulatory filings. Included with FRC Premium.

Insider Trading

Premium

Recent buying and selling by company executives.

Buying and selling by Joint Stock Company Kaspi.kz executives and directors. Insider transactions as disclosed to regulators, with role, size and date — the clearest read on how the people running the company are positioned. Included with FRC Premium.

Senate Trading

Premium

U.S. Senator disclosures filed under the STOCK Act.

U.S. Senate disclosures naming Joint Stock Company Kaspi.kz. Joint Stock Company Kaspi.kz is a $18.98B Technology company. Senators' reported transactions in this security, alongside the fundamentals — a signal most research platforms leave out entirely. Included with FRC Premium.

House Trading

Premium

U.S. Representative disclosures filed under the STOCK Act.

U.S. House of Representatives disclosures naming Joint Stock Company Kaspi.kz. Representatives' reported transactions in this security, shown next to the company's fundamentals. Included with FRC Premium.

News

Latest headlines and market coverage.

Latest headlines and company announcements for Joint Stock Company Kaspi.kz. Coverage tracks Joint Stock Company Kaspi.kz within Software - Infrastructure (Technology). Press releases and market coverage, newest first.

Peer companies

  • AKAM — Akamai Technologies, Inc.
  • BSY — Bentley Systems, Incorporated
  • DOCU — DocuSign, Inc.
  • DT — Dynatrace, Inc.
  • GEN — Gen Digital Inc.
  • KLAR — Klarna Group plc
  • OKTA — Okta, Inc.
  • QXO — QXO, Inc.

More Software - Infrastructure companies

  • BKKT — Bakkt Holdings, Inc.
  • BLIN — Bridgeline Digital, Inc.
  • BLZE — Backblaze, Inc.
  • BNAI — Brand Engagement Network, Inc.
  • BNAIW — Brand Engagement Network, Inc.
  • BOX — Box, Inc.
  • BPAIF — BrandPilot AI Inc.
  • BRUN — Boost Run Inc. Class A Common Stock
  • BRUNW — Boost Run Inc. Warrant
  • BSQKZ — Block, Inc.
  • BTQ — BTQ Technologies Corp. Common Stock
  • BTQ.NE — BTQ Technologies Corp.

ETFs holding Joint Stock Company Kaspi.kz

  • WAGN — Professionally Managed Portfolios - Pabrai Wagons Fund (4.62%)
  • FMQQ — FMQQ The Next Frontier Internet ETF (4.45%)
  • IPO — Renaissance IPO ETF (3.39%)
  • WCME — First Trust WCM Developing World Equity ETF (2.13%)
  • ABLG — Abacus FCF International Leaders ETF (2.01%)
  • EMQQ — EMQQ The Emerging Markets Internet ETF (1.78%)
  • ORR — Militia Long/Short Equity ETF (1.33%)
  • GEME — Pacific North of South EM Equity Active ETF (1.10%)

News

Latest Market News