KSPI Relative Valuation
KSPI's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, KSPI is overvalued; if below, it's undervalued.
Historical Valuation
Kaspi.kz AO (KSPI) is now in the Undervalued zone, suggesting that its current forward PE ratio of 5.89 is considered Undervalued compared with the five-year average of 6.67. The fair price of Kaspi.kz AO (KSPI) is between 101.23 to 166.79 according to relative valuation methord. Compared to the current price of 78.07 USD , Kaspi.kz AO is Undervalued By 22.88%.
Relative Value
Fair Zone
101.23-166.79
Current Price：78.07
22.88%
Undervalued
6.01
PE
1Y
3Y
5Y
Trailing
Forward
5.65
EV/EBITDA
Kaspi.kz AO. (KSPI) has a current EV/EBITDA of 5.65. The 5-year average EV/EBITDA is 4.30. The thresholds are as follows: Strongly Undervalued below 0.80, Undervalued between 0.80 and 2.55, Fairly Valued between 6.05 and 2.55, Overvalued between 6.05 and 7.81, and Strongly Overvalued above 7.81. The current Forward EV/EBITDA of 5.65 falls within the Historic Trend Line -Fairly Valued range.
4.81
EV/EBIT
Kaspi.kz AO. (KSPI) has a current EV/EBIT of 4.81. The 5-year average EV/EBIT is 6.43. The thresholds are as follows: Strongly Undervalued below 3.01, Undervalued between 3.01 and 4.72, Fairly Valued between 8.15 and 4.72, Overvalued between 8.15 and 9.86, and Strongly Overvalued above 9.86. The current Forward EV/EBIT of 4.81 falls within the Historic Trend Line -Fairly Valued range.
1.63
PS
Kaspi.kz AO. (KSPI) has a current PS of 1.63. The 5-year average PS is 3.49. The thresholds are as follows: Strongly Undervalued below 0.61, Undervalued between 0.61 and 2.05, Fairly Valued between 4.94 and 2.05, Overvalued between 4.94 and 6.38, and Strongly Overvalued above 6.38. The current Forward PS of 1.63 falls within the Undervalued range.
7.62
P/OCF
Kaspi.kz AO. (KSPI) has a current P/OCF of 7.62. The 5-year average P/OCF is 6.25. The thresholds are as follows: Strongly Undervalued below 1.16, Undervalued between 1.16 and 3.70, Fairly Valued between 8.80 and 3.70, Overvalued between 8.80 and 11.35, and Strongly Overvalued above 11.35. The current Forward P/OCF of 7.62 falls within the Historic Trend Line -Fairly Valued range.
5.70
P/FCF
Kaspi.kz AO. (KSPI) has a current P/FCF of 5.70. The 5-year average P/FCF is 6.74. The thresholds are as follows: Strongly Undervalued below 0.88, Undervalued between 0.88 and 3.81, Fairly Valued between 9.67 and 3.81, Overvalued between 9.67 and 12.61, and Strongly Overvalued above 12.61. The current Forward P/FCF of 5.70 falls within the Historic Trend Line -Fairly Valued range.
Kaspi.kz AO (KSPI) has a current Price-to-Book (P/B) ratio of 3.30. Compared to its 3-year average P/B ratio of 6.78 , the current P/B ratio is approximately -51.42% higher. Relative to its 5-year average P/B ratio of 7.23, the current P/B ratio is about -54.44% higher. Kaspi.kz AO (KSPI) has a Forward Free Cash Flow (FCF) yield of approximately 0.00%. Compared to its 3-year average FCF yield of 6.82%, the current FCF yield is approximately -100.00% lower. Relative to its 5-year average FCF yield of 6.73% , the current FCF yield is about -100.00% lower.
3.27
P/B
Median3y
6.78
Median5y
7.23
4.79
FCF Yield
Median3y
6.82
Median5y
6.73
Competitors Valuation Multiple
The average P/S ratio for KSPI's competitors is 1.49, providing a benchmark for relative valuation. Kaspi.kz AO Corp (KSPI) exhibits a P/S ratio of , which is -100.00% above the industry average. Given its robust revenue growth of 32.65%, this premium appears sustainable.
P/S
P/E
EV/EBITDA
EV/EBIT
P/S
Revenue Growth
Market Cap
Performance Decomposition
1Y
3Y
5Y
Market capitalization of KSPI decreased by 18.55% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 454.11B to 602.38B.
The secondary factor is the Margin Expansion, contributed -23.60%to the performance.
Overall, the performance of KSPI in the past 1 year is driven by Revenue Growth. Which is more sustainable.
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