Added to YB: 2026-03-09
Pitch date: 2026-03-08
KSPI [bullish]
Joint Stock Company Kaspi.kz
+4.54%
current return
Author Info
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Company Info
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine.
Market Cap
$8.5T
Pitch Price
$37.5K
Price Target
90.00 (-100%)
Dividend
7.63%
EV/EBITDA
3.33
P/E
7.98
EV/Sales
1.88
Sector
Consumer Finance
Category
dividend
Adding to Kaspi (KSPI US)
KSPI (added to position): Kazakhstan superapp dominates payments, e-commerce, lending. 850 KZT dividend/ADS = 9% yield after mgmt shifted from Turkey M&A back to shareholder returns. Kazakhstan economy strong on soaring crude/gold/uranium/copper/chromium exports. Trading 6x forward earnings vs $90 PT (7.5x 2026 EPS, 7.5% yield). Slower fintech growth frees cash for buybacks/dividends.
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