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Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz

KKS.F
Joint Stock Company Kaspi.kzundefined flagFrankfurt Stock Exchange
78.20
EUR
- -
- -
14.86BMarket Cap
Joint Stock Company Kaspi.kz
KKS.F
(Frankfurt Stock Exchange)

Recent

price

78.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1,444.95
1,793.48
2,011.14
2,779.24
3,375.95
4,628.65
6,541.69
9,956.23
- -
- -
- -
Revenue per Share
26.38
310.92
559.16
1,026.71
1,360.57
2,247.36
3,051.38
4,431.43
- -
- -
- -
Basic EPS, GAAP
440.48
864.9
130.68
1,480.35
3,125.78
236.49
5,015.07
5,561.31
- -
- -
- -
Free Cash Flow per Basic Share
- -
96.14
- -
517.6
914.3
1,770.99
1,095.85
2,950.24
- -
- -
- -
Dividend per Share
807.39
1,125
1,047.31
1,542.03
1,963.73
2,643.24
4,655.85
6,241.91
- -
- -
- -
Book Value per Share
834.87
1,167.83
1,092.35
1,522.75
2,006.37
2,552.47
4,226.81
5,464.65
- -
- -
- -
Tangible Book Value per Share
158
158
189
189
192
192
192
190
- -
- -
- -
Basic Weighted Avg Shares
227,790
282,734
379,600
524,578
647,524
889,568
1,254,208
1,890,290
2,520,927
4,027,824
4,291,195
Sales/Revenue/Turnover
5.87
32.45
36.75
47.62
50.02
59.98
56.15
52.84
50.42
32.61
36.15
Operating Margin (%)
- -
- -
- -
1,709
2,035
1,876
2,849
- -
- -
- -
6,199
Depreciation Expense
5,269
65,278
105,540
193,790
260,964
431,914
585,026
841,351
1,039,739
1,073,177
1,070,515
Net Income, GAAP
35.36
15.91
17.83
17.57
17.14
17.7
18.28
16.95
17.58
19.84
20.88
Effective Tax Rate (%)
2.31
23.09
27.8
36.94
40.3
48.55
46.65
44.51
41.24
26.64
24.95
Profit Margin (%)
-649,911
216,392
14,032
438,559
458,020
617,894
-407,882
-670,914
1,322,330
1,850,480
2,025,062
Working Capital
245,507
268,114
227,746
219,360
154,742
221,520
21,681
154
75,524
369,760
334,794
LT Debt
137,215
190,852
213,918
295,622
394,660
504,695
825,689
1,103,213
1,572,861
2,601,577
2,775,068
Total Equity
- -
18.17
24.96
41.88
46.15
60.05
59.33
67.69
66.34
42.82
43.99
Return on Invested Capital (%)
- -
14.03
22.03
39.15
45.35
59.67
58.42
64.18
61.89
42.08
41.94
Return on Capital (%)
- -
32.18
56.28
79.3
78.17
97.65
83.54
80.99
74.79
50.27
44.93
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
100,816
76,845
LT Borrowings
438,054
348,175
334,794
LT Finance Leases
- -
21,585
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
191
190
190
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
9,064,035
9,844,766
9,731,004
Cash, Cash Equivalents & STI
1,771,705
2,058,425
1,982,284
Accounts Receivable, Net
- -
26,379
- -
Inventories
142,275
124,522
105,997
Total Current Liabilities
7,380,265
7,994,286
7,705,942
Payables & Accruals
7,380,265
7,834,773
7,629,097
ST Debt
- -
100,816
76,845
Deferred Revenue
- -
58,697
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
46.61%
65.4%
Free Cash Flow
- -
376%
1.01%
Net Income, GAAP
- -
34.31%
3.22%
Sales/Revenue/Turnover
- -
44.45%
59.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
552,814
592,853
652,592
724,459
2,520,927
2025
821,851
969,512
1,098,762
1,143,502
4,027,824
2026
1,079,419
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,160.19
1,256
1,419
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
849.81
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Joint Stock Company Kaspi.kz, along with its affiliated entities, delivers a broad spectrum of digital financial and lifestyle services primarily through its integrated mobile application ecosystem within the Republic of Kazakhstan. The company organizes its operations across three primary divisions: its Payments Platform, its Marketplace Platform, and its Fintech Platform. The Payments Platform division acts as an intermediary, connecting individual customers and business partners to facilitate secure cashless and digital transaction flows. This segment additionally offers a robust technological infrastructure for making and receiving payments for products and services, as well as for money transfers and withdrawals. The Marketplace Platform segment establishes connections between merchants and consumers, empowering businesses to amplify their sales reach and enabling shoppers to procure a wide array of goods and services from various vendors, including an extensive e-commerce offering and travel booking. The Fintech Platform segment provides consumers with tools to manage their personal finances digitally and access diverse financial products, such as consumer credit and deposit accounts, predominantly via the comprehensive Kaspi.kz Super App. Beyond these core offerings, the company is actively involved in e-commerce, banking, insurance, and asset management, as well as real estate ventures and the provision of online travel and payment processing functionalities. Established in 2008, the company is headquartered in Almaty, Kazakhstan.