KSPI:NSD-Joint Stock Company Kaspi.kz American Depository Shares (USD)

COMMON STOCK | Software - Infrastructure |

Last Closing

USD 84.92

Change

+2.90 (+3.54)%

Market Cap

USD 17.46B

Volume

0.20M

Analyst Target

N/A
Analyst Rating

Verdict

ducovest Verdict

Verdict

About

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. It operates in 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.

Unadjusted Closing Price

Adjusted Closing Price

Share Volume

Relative Performance (Total Returns)

Compare
Relative Returns (From:    To: 2025-04-22 )

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ETFs Containing KSPI

FMQQ FMQQ The Next Frontier In.. 4.17 % 0.00 %

+0.26 (+0.83%)

USD 0.03B
IPO Renaissance IPO ETF 4.07 % 0.60 %

+1.06 (+0.83%)

USD 0.12B
EMQQ:SW EMQQ Emerging Markets Int.. 3.45 % 0.00 %

+0.07 (+0.83%)

N/A
BPAY BlackRock Future Financia.. 3.09 % 0.00 %

+0.79 (+0.83%)

USD 5.58M
EMQQ EMQQ The Emerging Markets.. 0.00 % 0.86 %

+0.89 (+0.83%)

USD 0.33B
EMQQ:F HANetf ICAV - EMQQ Emergi.. 0.00 % 0.00 %

N/A

N/A
EMQQ:XETRA HANetf ICAV - EMQQ Emergi.. 0.00 % 0.00 %

+0.04 (+0.83%)

USD 0.13B
EMQQ:PA EMQQ Emerging Markets Int.. 0.00 % 0.00 %

+0.07 (+0.83%)

N/A

Market Performance

  Market Performance vs. Industry/Classification (Software - Infrastructure) Market Performance vs. Exchange
  Value Sector Median Percentile Rank Grade Market Median Percentile Rank Grade
YTD  
Capital Gain -10.34% 63% D 52% F
Dividend Return N/A N/A N/A N/A N/A
Total Return -10.34% 63% D 52% F
Trailing 12 Months  
Capital Gain -30.95% 40% F 33% F
Dividend Return 4.44% 100% F 76% C+
Total Return -26.51% 43% F 35% F
Trailing 5 Years  
Capital Gain N/A N/A N/A N/A N/A
Dividend Return N/A N/A N/A N/A N/A
Total Return N/A N/A N/A N/A N/A
Average Annual (5 Year Horizon)  
Capital Gain -2.03% 36% F 35% F
Dividend Return -1.93% 36% F 32% F
Total Return 0.10% 17% F 4% F
Risk Return Profile  
Volatility (Standard Deviation) 6.95% 99% N/A 91% A-
Risk Adjusted Return -27.82% 21% F 23% F
Market Capitalization 17.46B 92% A 96% N/A

Annual Financials (USD)

Quarterly Financials (USD)

Analyst Rating

Target Price Action Rating Action Analyst Rating Price Date

This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.

What to like:
Superior return on assets

The company management has delivered better return on assets in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior capital utilization

The company management has delivered better return on invested capital in the most recent 4 quarters than its peers, placing it in the top quartile.

Superior return on equity

The company management has delivered better return on equity in the most recent 4 quarters than its peers, placing it in the top quartile.

Underpriced compared to earnings

The stock is trading low compared to its peers on a price to earning basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.

Low volatility

The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.

High market capitalization

This is one of the largest entities in its sector and is among the top quartile. Such companies tend to be more stable.

Positive cash flow

The company had positive total cash flow in the most recent four quarters.

Positive free cash flow

The company had positive total free cash flow in the most recent four quarters.

What to not like:
Poor risk adjusted returns

This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.

Overpriced compared to book value

The stock is trading high compared to its peers median on a price to book value basis.

Below median dividend returns

The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.

Below median total returns

The company has under performed its peers on annual average total returns in the past 5 years.