US · KSPI
Joint Stock Company Kaspi.kz
- Sector
- Technology · Software - Infrastructure
- Headquarters
- Almaty 050013
- Website
- ir.kaspi.kz
Price · as of 2024-12-31
$86.42
Market cap 13.47B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $0.30 | -99.65% |
| Intrinsic Value(DCF) | $4,074.10 | +4,614.3% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $403.60 | +367.02% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2010 | |||||
| 2011 | |||||
| 2012 | |||||
| 2013 | |||||
| 2014 | |||||
| 2015 | |||||
| 2016 | |||||
| 2017 | |||||
| 2018 | |||||
| 2019 | |||||
| 2020 | $0.00 | $76.40 | |||
| 2021 | $0.00 | $179.10 | |||
| 2022 | $5.70 | $278.60 | |||
| 2023 | $99.86 | $133.02 | $773.07 | $0.00 | $448.30 |
| 2024 | $101.53 | $138.67 | $1,702.73 | $0.00 | $403.60 |
AI valuation
Our deep-learning model estimates Joint Stock Company Kaspi.kz's (KSPI) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $0.30
- Current price
- $86.42
- AI upside
- -99.65%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$4,074.10
+4,614.3% upside
Graham-Dodd
—
— upside
Graham Formula
$403.60
+367.02% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| KSPI | Joint Stock Company Kaspi… | $86.42 | 13.47B | +60% | +4,614% | — | +367% | — | 6.91 | 4.16 | 6.76 | — | 7.36 | 62.34% | 50.42% | 41.24% | 0.00% | 1921.62% | 0.00% | 0.15 | — | 0.84 | 0.83 | -0.31 | 2397.00% | 3336.00% | -5396.00% | 4.64% | 0.09 | 891.79% | 6.16% | — | 6.19% | 6.76 | 17.68 | 3.41 | 1.82 |
| AKAM | Akamai Technologies, Inc. | $98.39 | 14.26B | -5% | -58% | -72% | -58% | 31.41 | 2.85 | 3.37 | 14.85 | — | 12.28 | 54.72% | 14.93% | 10.74% | 9.17% | 5.06% | 4.14% | 1.39 | 20.42 | 2.29 | 2.05 | 4.46 | -612.00% | 544.00% | -1615.00% | 4.93% | 1.57 | 7.51% | 0.00% | 0.00% | 5.63% | 31.71 | 28.49 | 4.73 | 2.41 |
| BSY | Bentley Systems, Incorpor… | $36.55 | 10.67B | +50% | -41% | — | -55% | 43.19 | 10.09 | 7.99 | 30.67 | 239.23 | -8.08 | 81.52% | 24.15% | 18.50% | 24.91% | 12.08% | 7.99% | 1.08 | 29.16 | 0.56 | 0.49 | 2.71 | 1806.00% | 1099.00% | 2349.00% | 4.34% | 0.56 | 21.88% | 0.71% | 30.60% | 3.43% | 36.29 | 25.30 | 8.76 | 3.64 |
| DOCU | DocuSign, Inc. | $45.07 | 9.03B | +103% | -20% | -25% | +81% | 14.23 | 7.59 | 5.10 | 40.17 | 1.09 | 10.32 | 79.12% | 6.72% | 35.87% | 68.18% | 28.75% | 30.58% | 0.06 | 128.99 | 0.81 | 0.77 | -1.47 | 131111.00% | 778.00% | 374.00% | 6.06% | 0.56 | 132.33% | 0.00% | 0.00% | 4.50% | 71.79 | 15.60 | 4.82 | 4.89 |
| DT | Dynatrace, Inc. | $35.92 | 10.83B | +68% | +35% | -65% | +18% | 33.93 | 6.26 | 9.66 | 67.56 | 16.49 | 13.03 | 81.15% | 10.56% | 28.47% | 20.86% | 12.67% | 12.81% | 0.03 | — | 1.40 | 1.27 | -4.14 | 20577.00% | 1875.00% | 2322.00% | 2.64% | 0.33 | 30.61% | 0.00% | 0.00% | 2.47% | 85.68 | 35.48 | 9.05 | 7.29 |
| GEN | Gen Digital Inc. | $22.57 | 13.92B | +107% | +39% | — | -47% | 27.75 | 7.86 | 4.53 | 12.42 | 329.57 | -1.74 | 80.28% | 40.91% | 16.34% | 29.17% | 10.30% | 4.11% | 3.66 | 2.79 | 0.51 | 0.44 | 3.61 | 842.00% | 355.00% | -4100.00% | 6.76% | 0.43 | 12.35% | 1.75% | 48.70% | 6.08% | 15.62 | 20.86 | 6.39 | 1.32 |
| KLAR | Klarna Group plc | $13.56 | 5.12B | +239% | +633% | -93% | — | -16.78 | 1.97 | 1.41 | -23.95 | — | 3.43 | 56.37% | -6.53% | -8.38% | -12.80% | 70.46% | -1.80% | 0.54 | — | 0.97 | 0.97 | 23.50 | -1195474.00% | 3157.00% | -29096.00% | -20.97% | -0.06 | 318.46% | 0.00% | 0.00% | 0.00% | -10.88 | -2.41 | 0.71 | 0.46 |
| OKTA | Okta, Inc. | $72.50 | 12.29B | +20% | +4% | -91% | -95% | 616.63 | 2.70 | 6.62 | 112.91 | — | 21.08 | 76.32% | -2.84% | 1.07% | 0.46% | -0.92% | 0.30% | 0.15 | -14.80 | 1.35 | 1.25 | 3.91 | -10276.00% | 1533.00% | 4959.00% | 4.23% | 0.30 | 14.87% | 0.00% | 0.00% | 2.43% | -212.09 | 21.50 | 6.01 | 3.37 |
| QXO | QXO, Inc. | $23.95 | 16.97B | +8,177% | +3,125,568% | +1,008% | — | -1.56 | 0.01 | 0.02 | 16.87 | -0.33 | 0.18 | 22.99% | -3.58% | -4.08% | -1.22% | -3.44% | -0.86% | 0.46 | -5.14 | 3.58 | 2.56 | 15.82 | 47273.00% | 1193066.00% | 11609.00% | 130.39% | 0.17 | 3.10% | 74.59% | -116.20% | 74.59% | -9.20 | 12.31 | 0.33 | 0.66 |
| RBRK | Rubrik, Inc. | $51.96 | 10.4B | +123% | -54% | — | — | -7.88 | -16.44 | 10.27 | -8.11 | -2.90 | -13.92 | 70.02% | -127.92% | -130.26% | 183.56% | 143.32% | -100.57% | -0.63 | -27.49 | 1.13 | 0.93 | -0.15 | 27158.00% | 4119.00% | -28600.00% | 0.34% | 0.05 | -3.96% | 0.00% | 0.00% | 0.16% | -7.72 | 279.19 | 9.87 | -1.93 |
| SAIL | SailPoint, Inc. | $14.10 | 7.92B | +150% | -45% | — | — | -30.39 | -1.72 | 11.14 | 222.61 | — | -0.78 | 64.52% | -21.90% | -36.66% | 10.31% | 8.27% | -4.21% | -0.19 | -1.01 | 0.89 | 0.76 | 19.58 | -7199.00% | 2316.00% | -5292.00% | -1.25% | -0.19 | 6.27% | 0.00% | 0.00% | 4.75% | -55.76 | -87.71 | 12.21 | -0.59 |
About Joint Stock Company Kaspi.kz
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants. This segment offers shopping transactions, regular household bills, and peer to peer payments for consumers; accepts payment online and in store, issue and settle invoices, pay suppliers and monitor merchant turnover. It also provides proprietary data facilities informed decision making across multiple areas of business. Its Marketplace Platform segment connects online, and offline merchants and consumers enabling merchants to enhance its sales through an omni channel strategy and enable consumers to buy products and services from various merchants. This segment also operates marketplace through m-commerce, a mobile solution for shopping in person which consumers can use e-commerce to shop anywhere, anytime with free delivery; Kaspi Travel allows consumers to book domestic and international flights and package holidays, domestic rail tickets. It also enhances merchants sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with BNPL, finance, and savings products and merchants with merchant finance services through super apps and Kapsi.kz Super app. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; and storage and processing of information services. The company was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.
- CEO
- Mikheil N. Lomtadze
- Employees
- 7.8K
- Beta
- -0.07
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($4,074.10 ÷ $86.42) − 1 = +4,614.3% (DCF, example).