KSPI Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

1.18T

+61.05%

1657.749

+2.02%

1.04T

+26.07%

1527.577

+15.64%

1.12T

+16.03%

1598.932

+19.06%

Estimates Revision

The market is revising Upward the revenue expectations for Joint Stock Company Kaspi.kz (KSPI) for FY2025, with the revenue forecasts being adjusted by 16.82% over the past three months. During the same period, the stock price has changed by 11.01%.

Revenue Estimates for FY2025

Revise Upward

+16.82%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-4.46%

In Past 3 Month

Stock Price

Go Up

+11.01%

In Past 3 Month

1 Analyst Rating

Wall Street analysts forecast KSPI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KSPI is 107.00 USD with a low forecast of 107.00 USD and a high forecast of 107.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Buy

0 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

107.00

Averages

107.00

High

107.00

Current: 0.000

Low

107.00

Averages

107.00

High

107.00

JPMorgan

Reginald Smith

Neutral

downgrade

$96 -> $88

2025-12-04

Reason

JPMorgan

Reginald Smith

Price Target

$96 -> $88

2025-12-04

downgrade

Neutral

Reason

JPMorgan analyst Reginald Smith lowered the firm's price target on Kaspi.kz to $88 from $96 and keeps a Neutral rating on the shares as part of a 2026 outlook on the financial technology group. The firm sees a "soft-landing grind" in 2026 with slowing real growth for the sector, driven by a weakening labor market and the lagged tariff effects, partially offset by tax cuts.

JPMorgan

Overweight -> Neutral

downgrade

$96

2025-08-20

Reason

JPMorgan

Price Target

$96

2025-08-20

downgrade

Overweight -> Neutral

Reason

JPMorgan downgraded Kaspi.kz to Neutral from Overweight with an unchanged price target of $96. The shares have rallied over 20% following the "better than feared" Q2 results, the analyst tells investors in a research note. However, the firm believes Kaspi.kz's organic growth remains pressured by macro and regulatory headwinds that could persist at least through year-end.

Morgan Stanley

Nida Iqbal

Overweight

maintain

$127 -> $115

2025-06-18

Reason

Morgan Stanley

Nida Iqbal

Price Target

$127 -> $115

2025-06-18

maintain

Overweight

Reason

Morgan Stanley analyst Nida Iqbal lowered the firm's price target on Kaspi.kz to $115 from $127 and keeps an Overweight rating on the shares after having hosted an investor trip to Kazakhstan, Uzbekistan and Turkey last week. The firm came away positive post the trip and maintains an Overweight rating on Kaspi, but its 2025 group net income forecast is lowered by 6%, primarily driven by incorporation of losses in Turkey, and it acknowledges "patience is required given near-term headwinds."

Susquehanna

James Friedman

downgrade

$140 -> $130

2025-05-13

Reason

Susquehanna

James Friedman

Price Target

$140 -> $130

2025-05-13

downgrade

Reason

Susquehanna analyst James Friedman lowered the firm's price target on Kaspi.kz to $130 from $140. The firm said although 1Q demonstrated very impressive in-quarter upside organically, the final few weeks of March, along with April, appear to have set the stage for much more tempered expectations going forward. Susquehanna said various macro headwinds cause them to trim estimates, and price target.

Valuation Metrics

The current forward P/E ratio for Kaspi.kz AO (KSPI.O) is 6.06, compared to its 5-year average forward P/E of 6.64. For a more detailed relative valuation and DCF analysis to assess Kaspi.kz AO 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

6.64

Current PE

6.06

Overvalued PE

9.69

Undervalued PE

3.60

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

4.36

Current EV/EBITDA

5.65

Overvalued EV/EBITDA

6.09

Undervalued EV/EBITDA

2.63

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

3.42

Current PS

1.63

Overvalued PS

4.88

Undervalued PS

1.96

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

KSPI News & Events

Events Timeline

No data

News

2.0

01-06NASDAQ.COM

KSPI Stock Analysis: 52-Week Low at $70.61 and Current Trade at $83.25

8.5

2025-11-28Newsfilter

Kaspi.kz to Acquire Rabobank's Turkish Subsidiary, Expected Closure in Mid-2026

9.5

2025-11-10SeekingAlpha

Kaspi.kz Reports Third Quarter Results

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Frequently Asked Questions

What is Kaspi.kz AO (KSPI) stock price today?

The current price of KSPI is 81.84 USD — it has decreased -2.19 % in the last trading day.

What is Kaspi.kz AO (KSPI)'s business?

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.

What is the price predicton of KSPI Stock?

What is Kaspi.kz AO (KSPI)'s revenue for the last quarter?

Kaspi.kz AO revenue for the last quarter amounts to 602.38B USD, increased 32.65 % YoY.

What is Kaspi.kz AO (KSPI)'s earnings per share (EPS) for the last quarter?

Kaspi.kz AO. EPS for the last quarter amounts to 1460.21 USD, increased 2.51 % YoY.

What changes have occurred in the market's expectations for Kaspi.kz AO (KSPI)'s fundamentals?

How many employees does Kaspi.kz AO (KSPI). have?

Kaspi.kz AO (KSPI) has 0 emplpoyees as of January 10 2026.

What is Kaspi.kz AO (KSPI) market cap?

Today KSPI has the market capitalization of 15.61B USD.