Company Profile · Technology

Joint Stock Company Kaspi.kz

KSPI · US
Industry
FinTech
Exchange
US
Country
USA
IPO date
Jan 19, 2024
Employees
14,008
Current Price
$82.21
Live · Jun 18, 2026
Baillie Growth Score
53/100
Medium
Intrinsic Value · Three-Tier Range Current price $82.21 Live · Between the conservative and fair ranges

Composite valuation range · conservative $60–$75 / fair $85–$110 / optimistic $130–$170. At $82.21, Between the conservative and fair ranges.

At publication $87.78 (May 18, 2026)

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants' sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.

Market cap$15.82B
Revenue (TTM)$3.64T
EBITDA$2.42T
Profit margin24.91%
ROE46.75%
P/E (TTM)7.52
Forward P/E0
EPS$11.07
Dividend yield4.28%
52-week range$65.58 – $95.09
Analyst target$95.81
Analyst rating4.5 / 5

Data from EODHD, shown in the reporting currency; for reference only, not investment advice.

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