Joint Stock Company Kaspi.kz (KASE:KSPI)

KASE:KSPI Statistics

Total Valuation

KASE:KSPI has a market cap or net worth of KZT 7.21 trillion. The enterprise value is 7.18 trillion.

Market Cap	7.21T
Enterprise Value	7.18T

Important Dates

The last earnings date was Monday, November 10, 2025.

Earnings Date	Nov 10, 2025
Ex-Dividend Date	n/a

Share Statistics

Current Share Class	190.78M
Shares Outstanding	n/a
Shares Change (YoY)	-0.12%
Shares Change (QoQ)	+0.02%
Owned by Insiders (%)	n/a
Owned by Institutions (%)	n/a
Float	80.49M

Valuation Ratios

The trailing PE ratio is 6.55 and the forward PE ratio is 5.55.

PE Ratio	6.55
Forward PE	5.55
PS Ratio	1.97
PB Ratio	3.08
P/TBV Ratio	4.36
P/FCF Ratio	20.13
P/OCF Ratio	14.43
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 3.35, with an EV/FCF ratio of 20.03.

EV / Earnings	6.52
EV / Sales	2.07
EV / EBITDA	3.35
EV / EBIT	3.45
EV / FCF	20.03

Financial Position

The company has a current ratio of 4.28, with a Debt / Equity ratio of 0.18.

Current Ratio	4.28
Quick Ratio	4.04
Debt / Equity	0.18
Debt / EBITDA	0.18
Debt / FCF	1.16
Interest Coverage	2.71

Financial Efficiency

Return on equity (ROE) is 59.55% and return on invested capital (ROIC) is 63.96%.

Return on Equity (ROE)	59.55%
Return on Assets (ROA)	15.29%
Return on Invested Capital (ROIC)	63.96%
Return on Capital Employed (ROCE)	25.79%
Revenue Per Employee	n/a
Profits Per Employee	n/a
Employee Count	7,700
Asset Turnover	0.41
Inventory Turnover	n/a

Taxes

In the past 12 months, KASE:KSPI has paid 252.39 billion in taxes.

Income Tax	252.39B
Effective Tax Rate	18.56%

Stock Price Statistics

The stock price has decreased by -31.60% in the last 52 weeks.

Beta (5Y)	n/a
52-Week Price Change	-31.60%
50-Day Moving Average	44,260.73
200-Day Moving Average	47,122.40
Relative Strength Index (RSI)	27.72
Average Volume (20 Days)	2,261

Short Selling Information

Short Interest	n/a
Short Previous Month	n/a
Short % of Shares Out	n/a
Short % of Float	n/a
Short Ratio (days to cover)	1.30

Income Statement

In the last 12 months, KASE:KSPI had revenue of KZT 3.66 trillion and earned 1.10 trillion in profits. Earnings per share was 5,746.53.

Revenue	3.66T
Gross Profit	2.71T
Operating Income	2.20T
Pretax Income	1.36T
Net Income	1.10T
EBITDA	2.26T
EBIT	2.20T
Earnings Per Share (EPS)	5,746.53

Balance Sheet

The company has 524.41 billion in cash and 415.05 billion in debt, giving a net cash position of 109.36 billion.

Cash & Cash Equivalents	524.41B
Total Debt	415.05B
Net Cash	109.36B
Net Cash Per Share	n/a
Equity (Book Value)	2.34T
Book Value Per Share	11,908.49
Working Capital	6.00T

Cash Flow

In the last 12 months, operating cash flow was 499.90 billion and capital expenditures -141.52 billion, giving a free cash flow of 358.38 billion.

Operating Cash Flow	499.90B
Capital Expenditures	-141.52B
Free Cash Flow	358.38B
FCF Per Share	n/a

Margins

Gross margin is 74.12%, with operating and profit margins of 60.11% and 30.11%.

Gross Margin	74.12%
Operating Margin	60.11%
Pretax Margin	37.19%
Profit Margin	30.11%
EBITDA Margin	61.91%
EBIT Margin	60.11%
FCF Margin	9.80%

Dividends & Yields

KASE:KSPI does not appear to pay any dividends at this time.

Dividend Per Share	n/a
Dividend Yield	n/a
Dividend Growth (YoY)	n/a
Years of Dividend Growth	n/a
Payout Ratio	14.67%
Buyback Yield	0.12%
Shareholder Yield	0.12%
Earnings Yield	15.26%
FCF Yield	4.97%

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Stock Splits

This stock does not have any record of stock splits.

Last Split Date	n/a
Split Type	n/a
Split Ratio	n/a

Scores

KASE:KSPI has an Altman Z-Score of 2.75 and a Piotroski F-Score of 5. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score	2.75
Piotroski F-Score	5