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Joint Stock Company Kaspi.kz (KSPI)

Technology | Software - Infrastructure | Almaty, Kazakhstan | NasdaqGS
93.18 USD -1.66 (-1.750%) ⇩ (Oct. 16, 2026, 4 p.m. EDT)
After hours: 93.18

Short-term:★★☆☆☆Long-term:★★★⯪☆Dividends:★★★★⯪
Hot Take ↕ | Oct. 3, 2026, 3:47 a.m. EDT

Kaspi.kz presents a compelling fundamental value proposition with an exceptional 45% return on equity and a trailing P/E of just 7.7x, yet the stock has struggled recently, trading below its 50-day moving average following a 24% annual decline. While the short-term momentum remains weak due to recent earnings disappointment and technical weakness, the underlying business quality is robust with 13.6% revenue growth and a fortress-like balance sheet. The 6.24% dividend yield is highly attractive with a conservative 31% payout ratio, providing a safety cushion. Investors should view the recent price weakness as a potential opportunity rather than a fundamental flaw, though the limited one-year price history prevents a full conviction buy rating at this stage.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.136191
AutoETS0.140993
AutoARIMA0.140995
AutoTheta0.143692

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 46%
H-stat 3.31
Ljung-Box p 0.000
Jarque-Bera p 0.384
Excess Kurtosis -0.89
Attribute Value
Sector Technology
Ex Dividend Date 2026-09-09
Last Dividend Date 2026-09-09
Debt to Equity Ratio 22.171
Market Cap 17,706,739,712
Trailing P/E 8.54
Forward P/E 0.01
Beta 0.18
Profit Margins 24.15%
Website https://ir.kaspi.kz

As of Oct. 3, 2026, 3:47 a.m. EDT: Speculators are hedging with heavy put open interest at the December expiration, particularly at the 90 and 95 strikes, suggesting a floor is expected. Meanwhile, call interest clusters at the 100 and 110 strikes for October and November expirations, indicating a belief in a rebound toward the analyst mean. Implied volatility is elevated across the board, reflecting uncertainty around the earnings release and the recent price dip.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.21% 6.61% — —
Dividend History
Date Dividend Yield %
2026-09-10 2.149 2.212043
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 6.16
exDividendDate 2026-09-10
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 2.149
lastDividendDate 2026-09-10
dividendDate 2026-09-17

Info Dump

Attribute Value
52 Week Change 0.24488974
Address1 154A, Nauryzbai Batyr Street
All Time High 143.72
All Time Low 68.59
Ask 119.07
Ask Size 2
Average Analyst Rating 1.9 - Buy
Average Daily Volume10 Day 460,630
Average Daily Volume3 Month 557,070
Average Volume 557,070
Average Volume10Days 460,630
Beta 0.176
Bid 67.61
Bid Size 2
Book Value 11,908.487
City Almaty
Country Kazakhstan
Crypto Tradeable 0
Currency USD
Current Price 93.18
Current Ratio 6.515
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 95.92
Day Low 92.655
Debt To Equity 22.171
Display Name Kaspi.kz
Dividend Date 1,789,603,200
Dividend Rate 5.74
Dividend Yield 6.16
Earnings Call Timestamp End 1,794,254,400
Earnings Call Timestamp Start 1,794,254,400
Earnings Growth 0.002
Earnings Quarterly Growth -0.002
Earnings Timestamp 1,794,227,400
Earnings Timestamp End 1,794,227,400
Earnings Timestamp Start 1,794,227,400
Ebitda 2,484,065,009,664
Ebitda Margins 0.56075
Eps Current Year 5,773.741
Eps Forward 6,803.44
Eps Trailing Twelve Months 10.91
Esg Populated 0
Ex Dividend Date 1,788,998,400
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 98.6984
Fifty Day Average Change -5.518402
Fifty Day Average Change Percent -0.05591177
Fifty Two Week Change Percent 24.488974
Fifty Two Week High 109.94
Fifty Two Week High Change -16.760002
Fifty Two Week High Change Percent -0.1524468
Fifty Two Week Low 68.59
Fifty Two Week Low Change 24.590004
Fifty Two Week Low Change Percent 0.35850716
Fifty Two Week Range 68.59 - 109.94
Financial Currency KZT
First Trade Date Milliseconds 1,705,674,600,000
Five Year Avg Dividend Yield 4.39
Float Shares 104,457,988
Forward Eps 6,803.44
Forward P E 0.013696013
Free Cashflow -612,422,385,664
Full Exchange Name NasdaqGS
Full Time Employees 14,008
Fullday Change -1.659996
Fullday Change Percent -1.7503122
Fullday Price 93.18
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 0.47592998
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 1,788,998,400
Last Dividend Value 2.149
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 17,706,739,712
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 17,956,905,687
Number Of Analyst Opinions 7
Open 95.14
Operating Margins 0.0
Payout Ratio 0.3312
Phone 7 727 330 6710
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 93.18
Post Market Time 1,792,181,556
Previous Close 94.84
Price Eps Current Year 0.016138583
Price Hint 2
Price To Book 0.007824671
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 -1.66
Regular Market Change Percent -1.75031
Regular Market Day High 95.92
Regular Market Day Low 92.655
Regular Market Day Range 92.655 - 95.92
Regular Market Open 95.14
Regular Market Previous Close 94.84
Regular Market Price 93.18
Regular Market Time 1,792,180,801
Regular Market Volume 294,779
Return On Assets 0.13538
Return On Equity 0.44781
Revenue Growth 0.136
Sand P52 Week Change 0.13723719
Sector Technology
Sector Disp Technology
Sector Key technology
Shares Outstanding 190,027,266
Shares Percent Shares Out 0.0043
Shares Short 825,779
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 1,203,085
Short Name Joint Stock Company Kaspi.kz -
Short Percent Of Float 0.0081
Short Ratio 1.39
Source Interval 15
Symbol KSPI
Target High Price 134.23865
Target Low Price 83.08721
Target Mean Price 106.12903
Target Median Price 103.110275
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 10.91
Trailing P E 8.540789
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 85.90775
Two Hundred Day Average Change 7.2722473
Two Hundred Day Average Change Percent 0.08465181
Type Disp Equity
Volume 294,779
Website https://ir.kaspi.kz
Zip 50,013