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Joint Stock Company Kaspi.kz (KSPI)

Technology | Software - Infrastructure | Almaty, Kazakhstan | NasdaqGS
106.29 USD +1.28 (1.219%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 106.65 +0.36 (0.339%) ⇧ (Aug. 28, 2026, 7:40 p.m. EDT)

Short-term:★★★★⯪Long-term:★★⯪☆☆Dividends:★★★★⯪
Hot Take | Aug. 22, 2026, 2:39 a.m. EDT

Kaspi.kz displays exceptional operational strength with a 44.8% return on equity and robust 13.6% revenue growth, yet the one-year price history is insufficient to validate a long-term buy, capping the rating at neutral. Despite this, short-term momentum is compelling, with the stock rallying 14.6% over the last two weeks and trading well above key moving averages. Valuation is deeply attractive with a trailing P/E of 8.9 and a massive discount to book value. However, the options market reveals a disconnect; while the price surges, implied volatility on puts is nearly four times that of calls, signaling market anxiety and hedging activity. The 5.5% dividend yield is supported by a conservative 31% payout ratio, providing income stability during the transition. Investors should view the recent price action as a recovery play rather than a confirmed long-term inflection.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.067027
AutoARIMA0.068570
AutoETS0.068719
AutoTheta0.077266

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 36%
H-stat 65.68
Ljung-Box p 0.000
Jarque-Bera p 0.034
Excess Kurtosis -0.60
Attribute Value
Sector Technology
Ex Dividend Date 2026-09-09
Last Dividend Date 2026-06-11
Debt to Equity Ratio 22.171
Market Cap 20,197,998,592
Trailing P/E 8.88
Forward P/E 0.02
Beta 0.08
Profit Margins 24.15%
Website https://ir.kaspi.kz

As of Aug. 22, 2026, 2:39 a.m. EDT: Speculators are exhibiting a defensive posture with significantly higher implied volatility on puts (1.27 for December) compared to calls (0.36), indicating a preference for downside protection. Open interest is heavily weighted toward put strikes at 70 and 90, while call flow shows emerging interest at the 115 strike, suggesting a split sentiment where hedging dominates but upside bets are forming.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.23% 4.40%
Dividend History
Date Dividend Yield %
2026-06-12 1.798 2.231877
2026-04-16 1.760 2.166687
2024-11-20 1.714 1.614392
2024-08-22 1.772 1.424781
2024-05-23 1.919 1.577865
2024-04-12 1.901 1.698686
Additional Data
dividendRate 5.74
dividendYield 5.47
exDividendDate 2026-09-10
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 1.798
lastDividendDate 2026-06-12
dividendDate 2026-06-18

Info Dump

Attribute Value
52 Week Change 0.15382922
Address1 154A, Nauryzbai Batyr Street
All Time High 143.72
All Time Low 68.59
Ask 107.05
Ask Size 1
Average Analyst Rating 1.9 - Buy
Average Daily Volume10 Day 598,000
Average Daily Volume3 Month 469,854
Average Volume 469,854
Average Volume10Days 598,000
Beta 0.08
Bid 106.12
Bid Size 3
Book Value 11,908.487
City Almaty
Country Kazakhstan
Crypto Tradeable 0
Currency USD
Current Price 106.29
Current Ratio 6.515
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 108.16
Day Low 105.5
Debt To Equity 22.171
Dividend Date 1,781,740,800
Dividend Rate 5.74
Dividend Yield 5.47
Earnings Call Timestamp End 1,786,363,200
Earnings Call Timestamp Start 1,786,363,200
Earnings Growth 0.002
Earnings Quarterly Growth -0.002
Earnings Timestamp 1,786,365,000
Earnings Timestamp End 1,792,585,800
Earnings Timestamp Start 1,792,585,800
Ebitda 2,484,065,009,664
Ebitda Margins 0.56075
Eps Current Year 6,189.51
Eps Forward 6,803.44
Eps Trailing Twelve Months 11.97
Esg Populated 0
Ex Dividend Date 1,788,998,400
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 91.7799
Fifty Day Average Change 14.510101
Fifty Day Average Change Percent 0.15809672
Fifty Two Week Change Percent 15.382921
Fifty Two Week High 109.94
Fifty Two Week High Change -3.6500015
Fifty Two Week High Change Percent -0.03319994
Fifty Two Week Low 68.59
Fifty Two Week Low Change 37.700005
Fifty Two Week Low Change Percent 0.5496429
Fifty Two Week Range 68.59 - 109.94
Financial Currency KZT
First Trade Date Milliseconds 1,705,674,600,000
Float Shares 59,324,612
Forward Eps 6,803.44
Forward P E 0.015622979
Free Cashflow -612,422,385,664
Full Exchange Name NasdaqGS
Full Time Employees 14,008
Fullday Change 1.28
Fullday Change Percent 1.21893
Fullday Price 106.65
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.69443
Has Pre Post Market Data 1
Held Percent Insiders 0.20377001
Held Percent Institutions 0.47419
Implied Shares Outstanding 190,027,266
Industry Software - Infrastructure
Industry Disp Software - Infrastructure
Industry Key software-infrastructure
Ipo Expected Date 2,024-01-19
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,222,400
Last Dividend Value 1.798
Last Fiscal Year End 1,767,139,200
Long Business Summary Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants' sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.
Long Name Joint Stock Company Kaspi.kz
Market us_market
Market Cap 20,197,998,592
Market State CLOSED
Max Age 86,400
Message Board Id finmb_610185344
Most Recent Quarter 1,782,777,600
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 19,656,004,107
Number Of Analyst Opinions 7
Open 105.885
Operating Margins 0.0
Payout Ratio 0.3105
Phone 7 727 330 6710
Post Market Change 0.3600006
Post Market Change Percent 0.3386966
Post Market Price 106.65
Post Market Time 1,787,960,452
Previous Close 105.01
Price Eps Current Year 0.017172605
Price Hint 2
Price To Book 0.008925567
Profit Margins 0.24152
Quick Ratio 6.099
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 1.85714
Region US
Regular Market Change 1.28
Regular Market Change Percent 1.21893
Regular Market Day High 108.16
Regular Market Day Low 105.5
Regular Market Day Range 105.5 - 108.16
Regular Market Open 105.885
Regular Market Previous Close 105.01
Regular Market Price 106.29
Regular Market Time 1,787,947,201
Regular Market Volume 757,133
Return On Assets 0.13538
Return On Equity 0.44781
Revenue Growth 0.136
Sand P52 Week Change 0.20504117
Sector Technology
Sector Disp Technology
Sector Key technology
Shares Outstanding 190,027,266
Shares Percent Shares Out 0.0058
Shares Short 1,094,607
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 1,254,783
Short Name Joint Stock Company Kaspi.kz -
Short Percent Of Float 0.0107
Short Ratio 2.2
Source Interval 15
Symbol KSPI
Target High Price 124.60019
Target Low Price 85.35864
Target Mean Price 102.38093
Target Median Price 100.59783
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 11.97
Trailing P E 8.879699
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 82.07033
Two Hundred Day Average Change 24.219673
Two Hundred Day Average Change Percent 0.29510877
Type Disp Equity
Volume 757,133
Website https://ir.kaspi.kz
Zip 50,013