Wall Street analyst estimates for Joint Stock Company Kaspi.kz (KSPI): consensus price target and buy/hold/sell recommendations.
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.
Analyst Consensus
| Strong Buy | 0 |
| Buy | 1 |
| Hold | 2 |
| Sell | 0 |
| Strong Sell | 0 |
| Total analysts | 3 |
| Avg rating (−2 sell to +2 buy) | 0.33 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-09 | $3.12 | ||
| 2026-08-10 | $2.83 | $2.78 | +1.8% |
| 2026-05-11 | $2.63 | $2.59 | +1.5% |
| 2026-03-02 | $2.80 | $3.25 | -13.8% |
| 2025-11-10 | $2.72 | $4.31 | -36.9% |
| 2025-08-06 | $2.69 | $2.66 | +1.1% |
| 2025-05-12 | $2.59 | $2.63 | -1.5% |
| 2025-02-25 | $3.09 | $3.43 | -9.9% |
Valuation Ratios
| P/E Ratio | 7.79 |
| Price / Book | 3.07 |
| EV / EBITDA | 4.51 |
| Dividend Yield | 6.06% |
Income Statement (10y)
| Year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 524.58B KZT | 647.52B KZT | 885.48B KZT | 1.27T KZT | 1.89T KZT | 2.52T KZT | 3.94T KZT |
| Cost of Revenue | 174.19B KZT | 199.31B KZT | 73.37B KZT | 103.89B KZT | 671.84B KZT | 949.47B KZT | 1.04T KZT |
| Gross Profit | 350.39B KZT | 448.21B KZT | 812.11B KZT | 1.17T KZT | 1.22T KZT | 1.57T KZT | 2.89T KZT |
| Research & Development | 20.33B KZT | 30.82B KZT | 44.39B KZT | 60.81B KZT | 88.66B KZT | 109.55B KZT | 0 |
| Selling, General & Admin | 40.04B KZT | 63.83B KZT | 32.39B KZT | 48.23B KZT | 51.36B KZT | 76.89B KZT | 0 |
| Operating Expenses | 111.25B KZT | 130.39B KZT | 76.78B KZT | 114.80B KZT | 219.65B KZT | 300.40B KZT | 1.60T KZT |
| Operating Income | 239.14B KZT | 317.82B KZT | 735.33B KZT | 1.05T KZT | 998.80B KZT | 1.27T KZT | 1.30T KZT |
| EBITDA | 251.51B KZT | 333.08B KZT | 713.02B KZT | 1.02T KZT | 1.02T KZT | 1.28T KZT | 2.18T KZT |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 883.76B KZT |
| Pre-tax Income | 239.14B KZT | 317.82B KZT | 528.80B KZT | 720.57B KZT | 1.02T KZT | 1.28T KZT | 1.30T KZT |
| Income Tax | 42.02B KZT | 54.48B KZT | 93.59B KZT | 131.73B KZT | 173.23B KZT | 225.46B KZT | 256.96B KZT |
| Net Income | 193.79B KZT | 260.96B KZT | 431.91B KZT | 585.03B KZT | 841.35B KZT | 1.04T KZT | 1.04T KZT |
| EPS | 1,010.35 KZT | 1,361.00 KZT | 2,247.00 KZT | 3,051.00 KZT | 4,431.43 KZT | 5,474.35 KZT | 5,464.06 KZT |
| EPS (Diluted) | 1,000.38 KZT | 1,347.00 KZT | 2,222.00 KZT | 3,016.00 KZT | 4,380.61 KZT | 5,430.77 KZT | 5,464.06 KZT |
| Shares Outstanding (Diluted) | 193.7 M | 193.7 M | 194.4 M | 194.0 M | 192.1 M | 191.5 M | 190.0 M |
Price
| Price | $91.27 (closing price, October 30, 2026) |
| Market Cap | $17.3B |
| Exchange | NASDAQ |
| Country | KZ |
Related companies: MELI · JD · BABA · SE · PAGS
Explore sector: Technology · Software - Infrastructure
More sections of KSPI: Overview · Financials · Valuation · Statistics · Technical · Ownership · News · Events
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