Joint Stock Company Kaspi.kz reports Q1 results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2025
0mins
Should l Buy KSPI?
Source: SeekingAlpha
Financial Performance: Joint Stock Company Kaspi.kz reported a 21% year-over-year increase in Q1 revenue to KZT685 billion and a 16% rise in net income to KZT260 billion.
Growth in e-Grocery Sector: The company's e-Grocery GMV surged by 64% year-over-year, with active consumers growing from 566 thousand to approximately 969 thousand between Q1 2024 and Q1 2025.
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Analyst Views on KSPI
Wall Street analysts forecast KSPI stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 72.220
Low
107.00
Averages
107.00
High
107.00
Current: 72.220
Low
107.00
Averages
107.00
High
107.00
About KSPI
Kaspi.kz AO (Joint Stock Company Kaspi.kz), formerly Aktsionernoe obshchestvo kaspi, is a Kazakhstan-based financial technology company, which provide a range of services such as online payments, e-commerce, and digital banking. The Company operates as holding company for Kaspi Group AO and Kaspi Magazin TOO. The Company operates through two segments. Mass retail offers a wide range of products and financial services to retail customers through a network of branches, offices, and automated teller machine (ATM). These products include savings and current accounts, credit cards, car loans and commodity loans, as well as a wide range of insurance policies. Financial services for corporate, middle, and small, and other businesses segment, including deposits, overdrafts, loans and other credit services and currency exchange.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Earnings Announcement Date: Kaspi.kz is set to release its Q4 2023 earnings report on March 2 before market open, with investors keenly awaiting performance insights to gauge future growth potential.
- EPS Expectations: The consensus EPS estimate stands at $3.15, reflecting investor expectations for the company's profitability, yet it lacks strong upward momentum in revisions.
- Revenue Forecast Analysis: The consensus revenue estimate is $2.33 billion, with one upward and one downward revision in the past three months, indicating a cautious market sentiment regarding the company's revenue growth.
- Estimate Revision Trends: Over the last three months, EPS estimates have seen no upward revisions and two downward adjustments, suggesting a decline in analyst confidence regarding Kaspi.kz's future earnings potential.
See More
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- Rating Adjustment: Susquehanna downgraded Joint Stock Company Kaspi.kz (NASDAQ:KSPI) from a Positive to Neutral rating and reduced the price target from $130 to $87, indicating a cautious market sentiment despite a potential upside of 17%.
- Optimistic Outlook: Citi reaffirmed a Buy rating on January 15 with a price target of $100, reflecting long-term confidence in Kaspi.kz, even as market sentiment remains mixed.
- Financial Report Announcement: Kaspi.kz is set to disclose its financial report on March 2, 2026, for the year ending December 31, 2025, with management emphasizing that 2025 will be an “investment year” to lay the groundwork for future growth.
- Market Sentiment Analysis: Currently, 43% of analysts are bullish on Kaspi.kz, 43% are neutral, and 14% are bearish, with a median price target of $89.63, indicating a 20.36% upside potential and reflecting the complex views on its future performance.
See More
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- Performance Decline Warning: While PayPal reported a 9% increase in total payment volume, a 5% drop in transactions per active account highlights challenges in user growth and profitability, potentially affecting future market competitiveness.
- New CEO Challenges: The appointment of Enrique Lores raises concerns due to his lackluster performance at HP, leading investors to question his ability to effectively drive PayPal's transformation, which may impact the company's strategic direction.
- Market Valuation Slump: With a current P/E ratio around 8.5, significantly below market averages, PayPal is seen as a value investment opportunity; however, investor concerns about future growth may lead to further stock price pressure.
See More
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- Executive Shakeup Impact: PayPal's CEO Alex Chris is replaced after less than two years, leading to a nearly 20% drop in stock price, indicating investor unease about the company's future direction amidst challenges in the payment processing sector.
- Performance Decline Warning: Despite a 5% drop in transaction volume over the past year, PayPal is focusing on its most profitable products, yet skepticism about new CEO Enrique Lores' capabilities has resulted in significant stock volatility.
- Investor Confidence Eroded: PayPal's stock has fallen approximately 27% during Chris's tenure and nearly 43% from its peak, reflecting a decline in investor trust in management, particularly in a fiercely competitive market.
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