
KSPI
Kaspi.kz AO
- Overview
- Forecast
- Valuation
- Earnings

Line
|

Candle
1D
5D
1M
3M
6M
YTD
1Y
5Y
High
86.650
Open
86.570
VWAP
85.41
Vol
123.59K
Mkt Cap
16.09B
Low
85.000
Amount
10.56M
EV/EBITDA(TTM)
6.95
Total Shares
189.33M
EV
9.43T
EV/OCF(TTM)
14.83
P/S(TTM)
4.93
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.
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Market Estimates
Earnings Estimates
Revenue
YoY Chg
EPS
YoYChg
FY2025Q4
FY2025Q3
FY2025Q2
990.92B
+35.68%
1942.132
+19.52%
845.50B
+30.13%
1634.972
+16.04%
767.69B
+28.11%
1459.900
+17.17%
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 16.61% over the past three months. During the same period, the stock price has changed by -4.77%.
Revenue Estimates for FY2025
Revise Upward

+16.61%
In Past 3 Month
EPS Estimates for FY2025
Revise Downward

-4.59%
In Past 3 Month
Stock Price
Go Down

-4.77%
In Past 3 Month
2 Analyst Rating

44.12% Upside
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 122.50 USD with a low forecast of 115.00 USD and a high forecast of 130.00 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.
2 Buy
0 Hold
0 Sell
Moderate Buy

44.12% Upside
Current: 85.000

Low
115.00
Averages
122.50
High
130.00

44.12% Upside
Current: 85.000

Low
115.00
Averages
122.50
High
130.00
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
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.
JP Morgan
Reginald Smith
Buy
Maintains
$154 → $137
2024-12-02
Reason
JP Morgan
Reginald Smith
Price Target
$154 → $137
2024-12-02
Maintains
Buy
Reason
Citigroup
Ygal Arounian
Strong Buy
Initiates
$140
2024-11-04
Reason
Citigroup
Ygal Arounian
Price Target
$140
2024-11-04
Initiates
Strong Buy
Reason
JP Morgan
Reginald Smith
Buy
Maintains
$159 → $183
2024-08-20
Reason
JP Morgan
Reginald Smith
Price Target
$159 → $183
2024-08-20
Maintains
Buy
Reason
See All Ratings
Valuation Metrics
The current forward P/E ratio for Kaspi.kz AO (KSPI.O) is 6.79, compared to its 5-year average forward P/E of 6.70. 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.

Fair
5Y Average PE
6.70
Current PE
6.79
Overvalued PE
10.08
Undervalued PE
3.32
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.

Fair
5Y Average EV/EBITDA
4.47
Current EV/EBITDA
5.39
Overvalued EV/EBITDA
6.29
Undervalued EV/EBITDA
2.65
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.

Fair
5Y Average PS
3.82
Current PS
2.46
Overvalued PS
5.18
Undervalued PS
2.46
Financials
Annual
Quarterly
FY2025Q1
YoY :
+34.78%
498.64B
Total Revenue
FY2025Q1
YoY :
+14.25%
307.45B
Operating Profit
FY2025Q1
YoY :
+13.70%
254.05B
Net Income after Tax
FY2025Q1
YoY :
+13.87%
1.32K
EPS - Diluted
FY2025Q1
YoY :
-19.42%
-151.50B
Free Cash Flow
FY2025Q1
YoY :
-34.92%
27.95
FCF Margin - %
FY2025Q1
YoY :
-15.65%
50.95
Net Margin - %
FY2025Q1
YoY :
-12.89%
54.39
ROIC
Trading Trends
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Hedge Fund
Hedge Funds are Neutral. There are no significant trading trends over the last quarter.
Sold
0-3
Months
0.0
Volume
0
3-6
Months
50.0K
Volume
1
6-9
Months
153.8K
Volume
2
0-12
Months
0.0
Volume
0
Bought
0-3
0
0.0
Volume
Months
3-6
2
203.8K
Volume
Months
6-9
4
483.2K
Volume
Months
0-12
0
0.0
Volume
Months
Congress Trading
Congress are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
Insider
Insiders are Neutral. There are no significant trading trends over the last month.
Sold
0-3
Months
0.0
USD
0
3-6
Months
0.0
USD
0
6-9
Months
0.0
USD
0
0-12
Months
0.0
USD
0
Bought
0-3
0
0.0
USD
Months
3-6
0
0.0
USD
Months
6-9
0
0.0
USD
Months
0-12
0
0.0
USD
Months
KSPI News & Events
Events Timeline
2025-05-12 (ET)
2025-05-12
07:28:53
Kaspi.kz sees FY25 net income growth around 15% year-over-year

2025-03-27 (ET)
2025-03-27
07:19:08
Kaspi.kz signs share purchase agreement to acquire Rabobank's Turkish subsidiary

2025-03-10 (ET)
2025-03-10
07:13:26
Kaspi.kz files annual report on Form 20-F

Sign Up For More Events
Sign Up For More Events
News
9.5
05-12SeekingAlphaJoint Stock Company Kaspi.kz reports Q1 results
9.5
04-15NewsfilterKaspi.kz to Announce 1st Quarter 2025 Financial Results on 12th May
3.0
03-26NASDAQ.COMKOMP's Underlying Holdings Could Mean 26% Gain Potential
Sign Up For More News
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FAQ

What is Kaspi.kz AO (KSPI) stock price today?
The current price of KSPI is 85 USD — it has decreased -0.79 % in the last trading day.

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

What is the price predicton of KSPI Stock?

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

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

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?
