Joint Stock Company Kaspi.kz Stocks

$ 77.31Last Updated 28.11.2025

Issuer Rating

4/7

Performance

Strong

Risk

High

Recommendation

Hold

Market Cap

$ 14.75B

Buy
Review
Evaluation
Target price
Dynamics
Performance
Growth
Dividends
Risks
$ 77.31
Key Takeaways

Risk factor

Very high price volatility

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Data is available to registered users only

Profitability factor

Very strong margins and returns

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Data is available to registered users only
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Risks

  • Default risk
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  • Volatility
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  • Selling difficulty
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  • Stress test
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  • Country risks
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  • Other risks
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About

Joint Stock Company Kaspi.kz, together with its subsidiaries, provides financial services primarily through the online mobile app in the Republic of Kazakhstan. The company operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment connects its customers comprising consumer and merchants to facilitate cashless and digital payment transactions. This segment...

Company Valuation

Undervalued
6/7

From both historical and forecast perspectives, the stock is underpriced compared to similar stocks. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITDA,

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Target Price

Somewhat favourable
5/7

The average target price of KSPI is 117 and suggests 51% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to increas

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Risks

  • Default risk
    Data is available to registered users only
  • Volatility
    Data is available to registered users only
  • Selling difficulty
    Data is available to registered users only
  • Stress test
    Data is available to registered users only
  • Country risks
    Data is available to registered users only
  • Other risks
    Data is available to registered users only
Sign up to access detailed risk analysis
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