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US · KSPI

Joint Stock Company Kaspi.kz

Programmatic access: InvestorsCraft Valuation API · catalog

Sector
Technology · Software - Infrastructure
Headquarters
Almaty, AC 050013

Price · as of 2026-09-04

$107.53

Market cap 17.52B

Price history

Weekly OHLC price history for KSPI, USD per share
WeekOpenHighLowCloseVolume
Jan 15, 2024 – Jan 19, 2024$83.12$86.24$81.54$86.24
Jan 22, 2024 – Jan 26, 2024$82.00$83.72$80.55$81.470
Jan 29, 2024 – Feb 2, 2024$80.24$83.57$79.97$82.760
Feb 5, 2024 – Feb 9, 2024$83.57$83.57$77.30$80.530
Feb 12, 2024 – Feb 16, 2024$78.90$86.40$76.40$85.860
Feb 19, 2024 – Feb 23, 2024$86.11$95.24$83.36$92.980
Feb 26, 2024 – Mar 1, 2024$93.46$95.86$91.67$95.460
Mar 4, 2024 – Mar 8, 2024$95.60$99.51$91.80$95.540
Mar 11, 2024 – Mar 15, 2024$96.23$103.46$94.01$101.230
Mar 18, 2024 – Mar 22, 2024$99.84$110.81$99.83$109.530
Mar 25, 2024 – Mar 28, 2024$111.34$115.98$106.77$115.600
Apr 1, 2024 – Apr 5, 2024$116.77$122.36$113.19$119.300
Apr 8, 2024 – Apr 12, 2024$119.41$119.41$101.76$102.240
Apr 15, 2024 – Apr 19, 2024$103.23$107.03$99.20$105.720
Apr 22, 2024 – Apr 26, 2024$108.81$113.36$101.56$109.740
Apr 29, 2024 – May 3, 2024$109.82$110.13$104.91$108.230
May 6, 2024 – May 10, 2024$109.39$113.09$107.64$109.820
May 13, 2024 – May 17, 2024$109.64$111.28$104.85$107.460
May 20, 2024 – May 24, 2024$107.39$117.66$104.09$113.490
May 27, 2024 – May 31, 2024$114.49$119.42$110.75$117.390
Jun 3, 2024 – Jun 7, 2024$119.24$120.41$115.05$117.540
Jun 10, 2024 – Jun 14, 2024$117.54$121.10$112.67$117.650
Jun 17, 2024 – Jun 21, 2024$116.71$123.41$116.01$120.230
Jun 24, 2024 – Jun 28, 2024$120.26$126.67$118.52$119.810
Jul 1, 2024 – Jul 5, 2024$120.74$125.94$117.94$123.080
Jul 8, 2024 – Jul 12, 2024$123.08$125.46$117.03$123.750
Jul 15, 2024 – Jul 19, 2024$123.76$133.47$122.27$127.980
Jul 22, 2024 – Jul 26, 2024$127.55$130.01$117.21$121.430
Jul 29, 2024 – Aug 2, 2024$121.66$125.83$109.05$111.450
Aug 5, 2024 – Aug 9, 2024$104.31$114.69$103.68$111.760
Aug 12, 2024 – Aug 16, 2024$112.70$120.99$112.23$117.520
Aug 19, 2024 – Aug 23, 2024$117.66$121.44$114.70$120.150
Aug 26, 2024 – Aug 30, 2024$119.95$123.96$115.46$123.310
Sep 2, 2024 – Sep 6, 2024$122.44$122.44$115.37$116.160
Sep 9, 2024 – Sep 13, 2024$117.16$118.86$113.88$116.740
Sep 16, 2024 – Sep 20, 2024$115.78$118.47$85.21$91.450
Sep 23, 2024 – Sep 27, 2024$94.10$102.93$93.44$97.000
Sep 30, 2024 – Oct 4, 2024$96.82$102.25$95.13$99.430
Oct 7, 2024 – Oct 11, 2024$99.84$103.35$95.64$102.340
Oct 14, 2024 – Oct 18, 2024$103.36$108.50$98.75$108.500
Oct 21, 2024 – Oct 25, 2024$110.04$110.04$101.35$102.130
Oct 28, 2024 – Nov 1, 2024$102.95$107.27$102.23$102.500
Nov 4, 2024 – Nov 8, 2024$103.60$109.77$101.75$104.430
Nov 11, 2024 – Nov 15, 2024$104.45$108.29$103.48$103.580
Nov 18, 2024 – Nov 22, 2024$103.74$105.01$97.81$99.500
Nov 25, 2024 – Nov 29, 2024$99.86$106.04$99.86$101.800
Dec 2, 2024 – Dec 6, 2024$101.32$107.26$99.03$105.300
Dec 9, 2024 – Dec 13, 2024$107.64$108.64$101.00$101.420
Dec 16, 2024 – Dec 20, 2024$101.42$102.03$92.67$94.430
Dec 23, 2024 – Dec 27, 2024$94.61$95.16$92.24$92.530
Dec 30, 2024 – Jan 3, 2025$92.71$96.22$90.37$94.600
Jan 6, 2025 – Jan 10, 2025$95.39$96.20$87.41$87.670
Jan 13, 2025 – Jan 17, 2025$87.61$89.94$82.51$88.860
Jan 20, 2025 – Jan 24, 2025$92.37$94.34$89.30$90.640
Jan 27, 2025 – Jan 31, 2025$90.36$95.06$89.19$90.990
Feb 3, 2025 – Feb 7, 2025$88.74$95.66$88.51$92.840
Feb 10, 2025 – Feb 14, 2025$94.24$106.20$90.17$104.470
Feb 17, 2025 – Feb 21, 2025$105.15$106.63$96.27$97.730
Feb 24, 2025 – Feb 28, 2025$99.70$101.23$94.40$100.210
Mar 3, 2025 – Mar 7, 2025$100.46$101.27$92.95$97.140
Mar 10, 2025 – Mar 14, 2025$95.54$95.64$90.78$91.490
Mar 17, 2025 – Mar 21, 2025$91.76$95.60$89.77$90.870
Mar 24, 2025 – Mar 28, 2025$91.94$94.20$88.03$89.970
Mar 31, 2025 – Apr 4, 2025$88.76$90.97$78.42$79.530
Apr 7, 2025 – Apr 11, 2025$78.56$85.04$74.44$80.320
Apr 14, 2025 – Apr 17, 2025$82.99$84.19$78.55$81.880
Apr 21, 2025 – Apr 25, 2025$81.49$87.86$77.94$85.780
Apr 28, 2025 – May 2, 2025$87.01$87.48$81.94$86.360
May 5, 2025 – May 9, 2025$86.69$90.27$84.88$86.210
May 12, 2025 – May 16, 2025$83.91$84.57$76.95$79.810
May 19, 2025 – May 23, 2025$79.41$82.69$76.85$77.200
May 26, 2025 – May 30, 2025$77.58$80.95$75.19$76.320
Jun 2, 2025 – Jun 6, 2025$76.47$82.59$75.69$82.220
Jun 9, 2025 – Jun 13, 2025$82.79$84.96$81.35$82.310
Jun 16, 2025 – Jun 20, 2025$82.53$83.83$76.22$77.690
Jun 23, 2025 – Jun 27, 2025$77.35$82.55$75.43$82.440
Jun 30, 2025 – Jul 3, 2025$82.29$82.40$79.42$80.980
Jul 7, 2025 – Jul 11, 2025$80.94$81.01$77.36$77.950
Jul 14, 2025 – Jul 18, 2025$78.11$83.47$77.12$82.240
Jul 21, 2025 – Jul 25, 2025$83.09$86.01$81.33$81.330
Jul 28, 2025 – Aug 1, 2025$81.67$83.48$72.62$72.870
Aug 4, 2025 – Aug 8, 2025$79.90$91.77$77.50$90.850
Aug 11, 2025 – Aug 15, 2025$90.71$94.92$89.89$91.120
Aug 18, 2025 – Aug 22, 2025$90.89$91.63$85.91$88.540
Aug 25, 2025 – Aug 29, 2025$88.54$90.12$86.53$89.900
Sep 1, 2025 – Sep 5, 2025$88.87$89.38$84.68$84.790
Sep 8, 2025 – Sep 12, 2025$85.04$85.57$79.42$80.760
Sep 15, 2025 – Sep 19, 2025$81.34$88.97$80.37$84.200
Sep 22, 2025 – Sep 26, 2025$83.34$83.38$79.58$80.370
Sep 29, 2025 – Oct 3, 2025$81.32$81.32$75.48$76.520
Oct 6, 2025 – Oct 10, 2025$76.90$77.21$70.18$70.530
Oct 13, 2025 – Oct 17, 2025$71.28$72.55$69.09$70.150
Oct 20, 2025 – Oct 24, 2025$70.80$73.25$70.21$71.850
Oct 27, 2025 – Oct 31, 2025$73.72$74.03$69.77$71.560
Nov 3, 2025 – Nov 7, 2025$71.76$72.83$67.56$68.210
Nov 10, 2025 – Nov 14, 2025$71.05$73.68$69.65$70.570
Nov 17, 2025 – Nov 21, 2025$69.84$71.43$67.58$67.830
Nov 24, 2025 – Nov 28, 2025$67.97$75.30$67.59$73.970
Dec 1, 2025 – Dec 5, 2025$74.15$76.13$72.88$73.120
Dec 8, 2025 – Dec 12, 2025$73.06$74.41$69.95$73.360
Dec 15, 2025 – Dec 19, 2025$73.48$77.16$71.74$74.200
Dec 22, 2025 – Dec 26, 2025$75.47$76.45$74.19$75.250
Dec 29, 2025 – Jan 2, 2026$75.28$76.01$73.67$74.190
Jan 5, 2026 – Jan 9, 2026$74.01$81.09$73.31$78.300
Jan 12, 2026 – Jan 16, 2026$77.39$78.56$74.74$76.020
Jan 19, 2026 – Jan 23, 2026$74.93$75.66$70.59$75.350
Jan 26, 2026 – Jan 30, 2026$75.17$77.49$72.53$72.880
Feb 2, 2026 – Feb 6, 2026$71.76$73.47$70.16$70.600
Feb 9, 2026 – Feb 13, 2026$70.81$75.39$69.20$70.130
Feb 16, 2026 – Feb 20, 2026$69.91$71.90$68.41$70.040
Feb 23, 2026 – Feb 27, 2026$70.29$71.27$67.02$67.540
Mar 2, 2026 – Mar 6, 2026$68.56$75.27$68.41$70.990
Mar 9, 2026 – Mar 13, 2026$69.72$71.95$65.62$65.860
Mar 16, 2026 – Mar 20, 2026$66.11$70.69$66.11$69.050
Mar 23, 2026 – Mar 27, 2026$68.93$73.11$67.37$67.810
Mar 30, 2026 – Apr 2, 2026$67.98$71.76$67.45$71.330
Apr 6, 2026 – Apr 10, 2026$71.28$76.04$70.51$71.650
Apr 13, 2026 – Apr 17, 2026$71.65$83.47$71.36$83.050
Apr 20, 2026 – Apr 24, 2026$85.11$95.20$81.54$83.900
Apr 27, 2026 – May 1, 2026$84.12$87.71$82.49$84.530
May 4, 2026 – May 8, 2026$84.53$87.23$81.72$84.020
May 11, 2026 – May 15, 2026$87.04$87.67$83.14$85.600
May 18, 2026 – May 22, 2026$85.33$90.85$85.15$89.600
May 25, 2026 – May 29, 2026$89.60$92.79$87.15$88.490
Jun 1, 2026 – Jun 5, 2026$88.49$89.95$78.74$79.450
Jun 8, 2026 – Jun 12, 2026$80.60$82.53$74.96$80.560
Jun 15, 2026 – Jun 18, 2026$82.50$85.58$81.22$82.210
Jun 22, 2026 – Jun 26, 2026$82.92$89.87$81.50$88.950
Jun 29, 2026 – Jul 2, 2026$89.52$91.63$85.54$89.820
Jul 6, 2026 – Jul 10, 2026$89.80$90.58$86.52$89.670
Jul 13, 2026 – Jul 17, 2026$89.89$92.28$85.92$87.910
Jul 20, 2026 – Jul 24, 2026$88.37$89.84$84.46$85.790
Jul 27, 2026 – Jul 31, 2026$87.33$89.38$85.02$88.780
Aug 3, 2026 – Aug 7, 2026$91.00$93.79$90.00$90.300
Aug 10, 2026 – Aug 14, 2026$91.45$100.99$90.77$98.700
Aug 17, 2026 – Aug 21, 2026$99.18$106.05$96.48$105.550
Aug 24, 2026 – Aug 28, 2026$105.96$109.94$103.65$106.290
Aug 31, 2026 – Sep 4, 2026$105.59$108.61$102.20$107.530

Valuation

MetricValueUpside
IC Value$1,877.01+1,646%
P/E
P/B2.35
P/S1.49
EV/EBITDA1.96
PEG
P/TBV3.56

Valuation history

Annual price overlaid with each model's fair value. Y-axis is log scale.

Annual price and model valuations for KSPI, USD per share
YearPriceAIICGraham-DoddGraham Formula
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023$95.59$275.44
2024$97.18$178.01
2025$65.89$108.22

Historic valuation ratios

Pick a category, then toggle metrics to compare.

USD millions

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        About Joint Stock Company Kaspi.kz

        Joint Stock Company Kaspi.kz, established in 2008 and based in Almaty, Kazakhstan, operates alongside its subsidiaries to deliver a comprehensive suite of digital services encompassing payments, e-commerce, and financial technology. These offerings cater to both individual consumers and a diverse range of merchants. The company's operations are structured around three core platforms: Payments, Marketplace, and Fintech. The Payments Platform is designed to streamline transactions between customers and businesses. For consumers, it facilitates shopping payments, routine bill settlements, and peer-to-peer money transfers. For merchants, it enables them to accept payments both online and in-store, generate and manage invoices, pay suppliers, and monitor their sales performance. This platform also leverages proprietary data to inform strategic business decisions across various operational areas. The Marketplace Platform functions as an integrated hub, connecting online and physical retailers with consumers. Its primary goal is to boost merchant sales through a robust omnichannel strategy while providing shoppers with access to a vast selection of products and services. Key features include m-commerce, a mobile solution for in-person shopping, and e-commerce capabilities that allow users to shop anywhere, anytime, often with complimentary delivery. The platform also incorporates Kaspi Travel for booking domestic and international flights, holiday packages, and rail tickets. Furthermore, it enhances merchant revenues by integrating payment and fintech products, advertising solutions, and various delivery services. Finally, the Fintech Platform offers a range of financial products, primarily accessed through its Kaspi.kz Super App. Consumers can utilize Buy Now, Pay Later (BNPL) schemes, various lending options, and savings accounts, while merchants benefit from specialized financing services. Beyond these, Kaspi.kz's activities extend to traditional banking, the management of non-performing assets, real estate operations, payment processing, online travel services, and information storage and management.

        CEO
        Mikheil N. Lomtadze
        Employees
        14.01K
        Beta
        0.09

        Peer comparison

        Same-industry comparables, ranked by market cap.

        Scroll horizontally for additional metrics. Ticker column stays fixed.

        Peer comparison for KSPI: basic info, valuation models, ratios, profitability, leverage, growth, cash flow, dividends, enterprise value, and Altman Z-score.
        Basic InfoIC ValuationCore ValuationProfitabilityLeverage & LiquidityGrowthCash FlowDividendsEnterprise ValueRisk
        TickerCompany NamePriceMarket CapValueUpsideP/EP/BP/SEV/EBITDAPEGP/TBVGross MarginOperating MarginNet MarginROEROICROADebt/EquityInterest CoverageCurrent RatioQuick RatioNet Debt/EBITDAEPS GrowthSales GrowthFCF GrowthFCF YieldOp Cash Flow RatioCash ROICDividend YieldDividend PayoutShareholder YieldEV/EBITEV/FCFEV/SalesAltman Z-Score
        KSPIJoint Stock Company Kaspi…$90.3017.52B$108.22+20%2.351.491.963.5673.55%32.92%26.39%0.00%389.26%0.00%0.191.471.231.17-0.200.61%56.09%1.01%8.38%0.08184.10%0.00%0.96%3.308.701.091.68
        AKAMAkamai Technologies, Inc.$122.2717.78B$83.29-32%34.633.153.7215.9313.5454.72%14.93%10.74%9.17%5.06%4.14%1.3920.422.292.054.46-6.12%5.44%-16.15%4.47%1.577.51%0.00%0.00%5.11%34.0330.575.082.54
        BSYBentley Systems, Incorpor…$36.0410.53B$46.59+29%43.1810.087.9930.66239.13-8.0781.52%24.15%18.50%24.91%12.08%7.99%1.0823.670.560.492.7118.06%10.99%23.49%4.34%0.5621.88%0.71%30.60%3.70%36.2825.298.763.64
        DOCUDocuSign, Inc.$57.4910.98B$72.11+25%27.824.482.6714.086.1579.40%9.27%9.60%15.77%22.15%7.50%0.10117.270.730.68-0.74-70.87%8.16%15.03%12.31%0.5788.23%0.00%0.00%10.11%26.517.482.462.46
        DTDynatrace, Inc.$50.8614.82B$59.13+16%77.174.816.2235.6510.1481.56%13.08%8.06%6.22%8.99%3.80%0.061.351.22-2.88-66.04%18.82%21.68%4.20%0.3633.09%0.00%0.00%3.81%43.7521.905.725.12
        GENGen Digital Inc.$27.9516.73B$58.38+109%15.305.702.9815.8529.18-1.4274.10%43.10%19.46%39.88%13.84%6.26%3.163.790.400.305.4852.43%27.06%26.29%10.23%0.5715.19%2.10%32.10%6.36%10.5514.934.551.36
        KLARKlarna Group plc$20.377.69B$26.38+29%-24.572.361.696.434.1154.33%12.51%-8.38%-10.49%-150.60%-1.48%0.570.661.071.07-4.31-11954.74%31.61%-290.96%-17.48%-0.07355.06%0.00%0.00%0.00%8.07-3.421.010.71
        OKTAOkta, Inc.$147.0424.43B$99.18-33%47.101.583.7925.182.267.7977.36%5.24%8.05%3.51%2.91%2.45%0.0638.251.361.27-1.232083.33%11.84%23.97%8.18%0.3618.66%0.00%0.00%9.50%58.419.883.062.55
        QXOQXO, Inc.$15.9011.53B$905.72+5,596%-44.271.271.8153.65-9.3715.9316.80%-0.83%-4.08%-3.79%-0.84%-2.66%0.40-0.333.582.565.98472.73%11930.66%116.09%1.48%0.173.26%0.85%-37.50%0.85%-244.2776.002.031.89
        RBRKRubrik, Inc.$84.8117.46B$27.37-68%-24.67-16.576.54-49.71-11.9780.10%-26.24%-26.50%65.00%35.02%-16.65%-2.18-20.051.691.47-4.63-76.20%48.46%708.08%2.94%0.22-25.68%0.00%0.00%0.00%-23.3431.836.130.42
        SAILSailPoint, Inc.$17.8410.12B$15.86-11%-21.830.865.50-61.3119.4664.47%-28.70%-25.21%-42.94%-27.64%-3.60%0.00-12.481.321.193.75-73.74%24.35%-143.14%0.88%0.115.61%0.00%0.00%21.47%-18.06107.335.184.70

        Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($1,877.01 ÷ $107.53) − 1 = +1,645.57% (IC, example).