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Joint Stock Company Kaspi.kz (KSPI)

Technology | Software - Infrastructure | Almaty, Kazakhstan | NasdaqGS
88.67 USD -1.00 (-1.115%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 88.67

Short-term:★★★⯪☆Long-term:★★⯪☆☆Dividends:★★★★☆
Hot Take | July 11, 2026, 3:40 a.m. EDT

The company demonstrates exceptional operational strength with a return on equity exceeding 46 percent and revenue growth accelerating at over 30 percent annually, yet the financial statements reveal a troubling disconnect with massive negative free cash flow. While the stock has recovered somewhat from a steep 37 percent annual decline and trades above key moving averages, the lack of cash generation and heavy put option positioning suggest investors remain wary of the underlying sustainability. The dividend remains a reliable feature with a sustainable payout ratio, offering income stability amidst the valuation uncertainty. However, the limited price history prevents a definitive long-term call, leaving the investment thesis dependent on future cash flow normalization rather than historical performance.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.034086
MSTL0.035821
AutoTheta0.036836
AutoARIMA0.121433

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 44%
H-stat 2.95
Ljung-Box p 0.000
Jarque-Bera p 0.614
Excess Kurtosis -0.33
Attribute Value
Sector Technology
Ex Dividend Date 2026-06-11
Last Dividend Date 2026-06-11
Debt to Equity Ratio 11.857
Market Cap 16,849,717,248
Trailing P/E 7.96
Forward P/E 0.01
Beta 0.09
Profit Margins 24.91%
Website https://ir.kaspi.kz

As of July 11, 2026, 3:40 a.m. EDT: Near-term options flow shows significant defensive positioning with heavy put open interest, suggesting traders are hedging against downside volatility. Conversely, longer-dated call activity at strikes above the current price indicates speculative bets on a recovery, creating a mixed sentiment landscape.


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 3.59
dividendYield 4.01
exDividendDate 2026-06-12
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
lastDividendValue 1.798
lastDividendDate 2026-06-12
dividendDate 2026-06-18

Info Dump

Attribute Value
52 Week Change 0.10881662
Address1 154A, Nauryzbai Batyr Street
All Time High 143.72
All Time Low 68.59
Ask 113.85
Ask Size 2
Average Daily Volume10 Day 284,830
Average Daily Volume3 Month 488,854
Average Volume 488,854
Average Volume10Days 284,830
Beta 0.085
Bid 65.56
Bid Size 2
Book Value 11,908.487
City Almaty
Country Kazakhstan
Crypto Tradeable 0
Currency USD
Current Price 88.67
Current Ratio 7.063
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 91.65
Day Low 88.53
Debt To Equity 11.857
Dividend Date 1,781,740,800
Dividend Rate 3.59
Dividend Yield 4.01
Earnings Call Timestamp End 1,778,500,800
Earnings Call Timestamp Start 1,778,500,800
Earnings Growth -0.01
Earnings Quarterly Growth -0.011
Earnings Timestamp 1,778,502,600
Earnings Timestamp End 1,786,365,000
Earnings Timestamp Start 1,786,365,000
Ebitda 2,418,668,994,560
Ebitda Margins 0.56288
Eps Current Year 5,756.5874
Eps Forward 6,803.44
Eps Trailing Twelve Months 11.14
Esg Populated 0
Ex Dividend Date 1,781,222,400
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 86.6771
Fifty Day Average Change 1.992897
Fifty Day Average Change Percent 0.022992197
Fifty Two Week Change Percent 10.881662
Fifty Two Week High 99.2
Fifty Two Week High Change -10.529999
Fifty Two Week High Change Percent -0.10614918
Fifty Two Week Low 68.59
Fifty Two Week Low Change 20.080002
Fifty Two Week Low Change Percent 0.29275408
Fifty Two Week Range 68.59 - 99.2
Financial Currency KZT
First Trade Date Milliseconds 1,705,674,600,000
Float Shares 51,803,333
Forward Eps 6,803.44
Forward P E 0.0130331125
Free Cashflow -736,221,528,064
Full Exchange Name NasdaqGS
Full Time Employees 14,008
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.69238
Has Pre Post Market Data 1
Held Percent Insiders 0.21419
Held Percent Institutions 0.47829
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 1
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 16,849,717,248
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_610185344
Most Recent Quarter 1,774,915,200
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 15,909,428,577
Number Of Analyst Opinions 7
Open 89.9
Operating Margins 0.0
Payout Ratio 0.0
Phone 7 727 330 6710
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 88.67
Post Market Time 1,783,983,121
Previous Close 89.67
Price Eps Current Year 0.015403223
Price Hint 2
Price To Book 0.0074459496
Profit Margins 0.24914
Quick Ratio 6.712
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -1.0
Regular Market Change Percent -1.1152
Regular Market Day High 91.65
Regular Market Day Low 88.53
Regular Market Day Range 88.53 - 91.65
Regular Market Open 89.9
Regular Market Previous Close 89.67
Regular Market Price 88.67
Regular Market Time 1,783,972,801
Regular Market Volume 163,870
Return On Assets 0.14297
Return On Equity 0.46748
Revenue Growth 0.313
Sand P52 Week Change 0.20847368
Sector Technology
Sector Disp Technology
Sector Key technology
Shares Outstanding 190,027,266
Shares Percent Shares Out 0.008
Shares Short 1,521,699
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 1,624,864
Short Name Joint Stock Company Kaspi.kz -
Short Percent Of Float 0.0149
Short Ratio 3.3
Source Interval 15
Symbol KSPI
Target High Price 121.5595
Target Low Price 85.847435
Target Mean Price 97.03068
Target Median Price 92.681656
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps 11.14
Trailing P E 7.9596047
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 79.109375
Two Hundred Day Average Change 9.560623
Two Hundred Day Average Change Percent 0.12085322
Type Disp Equity
Volume 163,870
Website https://ir.kaspi.kz
Zip 50,013