Joint Stock Company Kaspi.kz (KSPI) Stock Analysis — PE Ratio, PS Ratio, Intrinsic Value & 2030 Price Target
Joint Stock Company Kaspi.kz stock (KSPI) is currently trading at $74.77. Joint Stock Company Kaspi.kz PE ratio is 6.26. Joint Stock Company Kaspi.kz PS ratio (Price-to-Sales) is 1.70. Analyst consensus price target for KSPI is $99.21. WallStSmart rates KSPI as Hold.
- KSPI PE ratio analysis and historical PE chart
- KSPI PS ratio (Price-to-Sales) history and trend
- KSPI intrinsic value — DCF, Graham Number, EPV models
- KSPI stock price prediction 2025 2026 2027 2028 2029 2030
- KSPI fair value vs current price
- KSPI insider transactions and insider buying
- Is KSPI undervalued or overvalued?
- Joint Stock Company Kaspi.kz financial analysis — revenue, earnings, cash flow
- KSPI Piotroski F-Score and Altman Z-Score
- KSPI analyst price target and Smart Rating
Joint Stock Company Kaspi.kz
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KSPI Intrinsic Value Analysis for Value Investors
Benjamin Graham Formula · Joint Stock Company Kaspi.kz (KSPI)
KSPI is trading near its Graham intrinsic value of $78.81, suggesting the stock is reasonably priced at current levels.
Based on Benjamin Graham Formula. Growth rate capped at 25%. For informational purposes only. Not financial advice.
Smart Analysis
Joint Stock Company Kaspi.kz (KSPI) · 8 metrics scored
Smart Score
Category Performance
WallStSmart pulls financial metrics like revenue growth, profit margins, and valuation ratios and scores each one from 0 to 10 based on how strong or weak it is. Those 10 scores are grouped into 4 categories: Growth, Profitability, Valuation, and Quality — which form the 4 axes of the spider chart you see. The categories are then combined into a final score out of 100, but not equally. Growth and Profitability together count for 60% of the total, because a fast-growing profitable business matters more than just a cheap one. That final number maps to a rating (Strong Buy, Buy, Hold, Avoid) and a letter grade, giving you one clear Stock Rating.
Investment Thesis
Strong fundamentals in market cap, return on equity, price/sales. Concerns around eps growth. Fundamentals are solid but monitor weak areas for improvement.
Joint Stock Company Kaspi.kz (KSPI) Key Strengths (5)
Every $100 of shareholder equity generates $51 in profit
Revenue surging 52.00% year-over-year
Keeps $27 of every $100 in revenue as net profit
Large-cap company with substantial market presence
Paying $1.70 for every $1 of annual revenue
Supporting Valuation Data
Joint Stock Company Kaspi.kz (KSPI) Areas to Watch (3)
Earnings declining -9.50%, profits shrinking
Fairly priced relative to book value
Moderate institutional interest at 48.02%
Joint Stock Company Kaspi.kz (KSPI) Detailed Analysis Report
Overall Assessment
This company scores 59/100 in our Smart Analysis, earning a C grade. Out of 8 metrics analyzed, 5 register as strengths (avg 9.4/10) while 3 fall into concern territory (avg 4.0/10). The category breakdown reveals uneven performance, with some areas requiring attention.
The Bull Case
The strongest argument centers on Return on Equity, Revenue Growth, Profit Margin. Valuation metrics including Price/Sales (1.70) suggest the stock is attractively priced. Profitability is solid with Return on Equity at 51.20%, Profit Margin at 26.50%. Growth metrics are encouraging with Revenue Growth at 52.00%.
The Bear Case
The primary concerns are EPS Growth, Price/Book, Institutional Own.. Some valuation metrics including Price/Book (2.71) suggest expensive pricing. Growth concerns include EPS Growth at -9.50%, which may limit upside.
Key Dynamics to Monitor
Three factors to monitor going forward. First, whether EPS Growth improves, as this is the primary drag on the overall score. Second, margin trajectory, with Return on Equity at 51.20% currently healthy but needing to be sustained. Third, growth sustainability, with Revenue Growth at 52.00% strong but requiring continuation.
Risk Considerations
Based on the metric profile, this is a moderate-to-high risk investment. The weight of evidence leans positive, with more strengths than concerns. Investors should size positions according to their risk tolerance and maintain diversification.
Bottom Line
Mixed fundamentals with both positives (Return on Equity, Revenue Growth) and negatives (EPS Growth, Price/Book). A cautious approach is warranted. Monitor for improvement in weak areas before increasing conviction.
Disclaimer: Smart Analysis is a scoring system developed by WallStSmart Team. Scores update daily using multi-model valuation framework. Always conduct your own research and consult with financial advisors before making investment decisions.
KSPI Price-to-Sales(PS) Ratio Chart
Historical valuation based on market cap ÷ trailing 12-month revenue
KSPI's Price-to-Sales ratio of 1.70x sits near its historical average of 1.76x (29th percentile), suggesting the market is pricing in steady-state growth. The current valuation is 13% below its historical high of 1.95x set in Mar 2026, and 2% above its historical low of 1.67x in Mar 2026.
Compare KSPI with Competitors
Top SOFTWARE - INFRASTRUCTURE stocks by market cap
Compare any two stocks →WallStSmart Analysis Synopsis
Data-driven financial summary for Joint Stock Company Kaspi.kz (KSPI) · TECHNOLOGY › SOFTWARE - INFRASTRUCTURE
The Big Picture
Joint Stock Company Kaspi.kz is a strong growth company balancing expansion with improving profitability. Revenue reached 3.6T with 52% growth year-over-year. Profit margins are strong at 26.5%, reflecting pricing power and operational efficiency.
Key Findings
Revenue growing at 52% YoY, reaching 3.6T. This pace significantly outperforms most SOFTWARE - INFRASTRUCTURE peers.
ROE of 51.2% means the company generates strong returns on shareholder equity. Above 20% is considered top-tier.
Free cash flow is -1.4T, meaning the company is burning cash. This may be acceptable for high-growth companies investing heavily.
What to Watch Next
Growth sustainability: can Joint Stock Company Kaspi.kz maintain 52%+ revenue growth, or will competition slow it down?
Sector dynamics: monitor SOFTWARE - INFRASTRUCTURE industry trends, competitive moves, and regulatory changes that could impact Joint Stock Company Kaspi.kz.
Bottom Line
Joint Stock Company Kaspi.kz offers an attractive blend of growth (52% revenue expansion) and improving fundamentals. The company is transitioning from pure growth to profitable growth, a critical inflection point. Watch for sustained margin expansion as the key signal.
This synopsis is generated from publicly available financial data. It is not financial advice. Always conduct your own research and consult a qualified financial advisor before making investment decisions.
Insider Transactions
Data sourced from SEC Form 4 filings
Last updated: 12:59:00 PM
About Joint Stock Company Kaspi.kz(KSPI)
NASDAQ
TECHNOLOGY
SOFTWARE - INFRASTRUCTURE
USA
Joint Stock Company Kaspi.kz is a leading fintech and digital services provider in Kazakhstan, offering a comprehensive suite of solutions that includes digital banking, e-commerce, and payment processing. Leveraging innovative technology, the company plays a pivotal role in promoting financial inclusion, serving millions of customers in the region with tailored services. With a strong market position and a dedicated focus on innovation, Kaspi.kz is strategically positioned to meet the burgeoning demand for digital financial services in Central Asia, making it an attractive investment opportunity for institutional investors looking to capitalize on growth in emerging markets.