WallStSmart

Joint Stock Company Kaspi.kz (KSPI)vsPalantir Technologies Inc. (PLTR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Joint Stock Company Kaspi.kz generates 59060% more annual revenue ($3.64T vs $6.16B). PLTR leads profitability with a 49.0% profit margin vs 24.1%. KSPI trades at a lower P/E of 8.4x. PLTR earns a higher WallStSmart Score of 75/100 (B).

KSPI

Buy

53

out of 100

Grade: C-

Growth: 6.7Profit: 7.5Value: 6.7Quality: 6.8
Piotroski: 5/9

PLTR

Strong Buy

75

out of 100

Grade: B

Growth: 10.0Profit: 10.0Value: 2.7Quality: 9.0
Piotroski: 5/9Altman Z: 4.71
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

Intrinsic value data unavailable for KSPI.

PLTRSignificantly Overvalued (-83.0%)

Margin of Safety

-83.0%

Fair Value

$91.40

Current Price

$167.23

$75.83 premium

UndervaluedFair: $91.40Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

KSPI5 strengths · Avg: 9.8/10
P/E RatioValuation
8.4x10/10

Attractively priced relative to earnings

Price/BookValuation
0.0x10/10

Reasonable price relative to book value

Return on EquityProfitability
39.5%10/10

Every $100 of equity generates 39 in profit

Free Cash FlowQuality
$655.01B10/10

Generating 655.0B in free cash flow

Profit MarginProfitability
24.1%9/10

Keeps 24 of every $100 in revenue as profit

PLTR6 strengths · Avg: 10.0/10
Market CapQuality
$401.86B10/10

Mega-cap, among the largest globally

Return on EquityProfitability
30.9%10/10

Every $100 of equity generates 31 in profit

Profit MarginProfitability
49.0%10/10

Keeps 49 of every $100 in revenue as profit

Operating MarginProfitability
47.1%10/10

Strong operational efficiency at 47.1%

Revenue GrowthGrowth
92.8%10/10

Revenue surging 92.8% year-over-year

EPS GrowthGrowth
215.4%10/10

Earnings expanding 215.4% YoY

Areas to Watch

KSPI2 concerns · Avg: 3.5/10
EPS GrowthGrowth
0.2%4/10

0.2% earnings growth

Operating MarginProfitability
0.0%3/10

Operating margin of 0.0%

PLTR3 concerns · Avg: 2.7/10
PEG RatioValuation
1.604/10

Expensive relative to growth rate

P/E RatioValuation
141.7x2/10

Premium valuation, high expectations priced in

Price/BookValuation
41.1x2/10

Trading at 41.1x book value

Comparative Analysis Report

WallStSmart Research

Bull Case : KSPI

The strongest argument for KSPI centers on P/E Ratio, Price/Book, Return on Equity. Profitability is solid with margins at 24.1%. Revenue growth of 13.6% demonstrates continued momentum.

Bull Case : PLTR

The strongest argument for PLTR centers on Market Cap, Return on Equity, Profit Margin. Profitability is solid with margins at 49.0% and operating margin at 47.1%. Revenue growth of 92.8% demonstrates continued momentum.

Bear Case : KSPI

The primary concerns for KSPI are EPS Growth, Operating Margin.

Bear Case : PLTR

The primary concerns for PLTR are PEG Ratio, P/E Ratio, Price/Book. A P/E of 141.7x leaves little room for execution misses.

Key Dynamics to Monitor

KSPI profiles as a mature stock while PLTR is a growth play — different risk/reward profiles.

PLTR carries more volatility with a beta of 1.62 — expect wider price swings.

PLTR is growing revenue faster at 92.8% — sustainability is the question.

KSPI generates stronger free cash flow (655.0B), providing more financial flexibility.

Bottom Line

PLTR scores higher overall (75/100 vs 53/100), backed by strong 49.0% margins and 92.8% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Joint Stock Company Kaspi.kz

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Joint Stock Company Kaspi.kz is a leading fintech and digital services provider in Kazakhstan, specializing in digital banking, e-commerce, and payment processing solutions. Leveraging advanced technology, the company is committed to enhancing financial inclusion and delivering tailored services to millions of users in the region. Its strategic positioning within a rapidly growing market and the increasing demand for innovative financial solutions in Central Asia make Kaspi.kz a compelling investment opportunity for institutional investors seeking to tap into high-growth emerging markets.

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Palantir Technologies Inc.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · USA

Palantir Technologies Inc. creates and implements software platforms for the intelligence community in the United States to assist in counterterrorism investigations and operations. The company is headquartered in Denver, Colorado.

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