What is Joint Stock Company Kaspi.kz's (KSPI) StockRank?

MoatMap's StockRank for Joint Stock Company Kaspi.kz (KSPI) is 92/100, with a Strong Buy signal. This is a composite score combining Quality (63), Value (59), and Momentum (70) factor ranks across MoatMap's 20,000+ stock universe.

Does Joint Stock Company Kaspi.kz have an economic moat?

Joint Stock Company Kaspi.kz (KSPI) has a Quality factor score of 63/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Joint Stock Company Kaspi.kz a buy, hold, or sell?

MoatMap's current signal for Joint Stock Company Kaspi.kz (KSPI) is Strong Buy, based on a StockRank of 92/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.

What sector is Joint Stock Company Kaspi.kz in?

Joint Stock Company Kaspi.kz (KSPI) operates in the Technology sector, specifically the Software - Infrastructure industry (Kazakhstan).

Company Deep Dive

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KSPI

Strong Buy

Joint Stock Company Kaspi.kz · Technology · Kazakhstan · $20.2B · Avg Vol: $60M/d

StockRank

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P/E (TTM)

9.2x

ROE

44.8%

D/E

0.2x

Dividend %

3.3%

COMPANY DESCRIPTION

Joint Stock Company Kaspi.kz is the operator of Kazakhstan's leading integrated super app, providing a wide array of financial services including payments, loans, and deposits, alongside e-commerce and fintech solutions. The company holds a dominant market position due to its highly integrated ecosystem, strong brand recognition, and vast active user base that engages with its diverse offerings. This comprehensive platform approach has created a significant competitive moat, making it central to Kazakhstan's digital economy.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	2025	CAGR	TTM	2026E	2027E	Fwd CAGR
Revenue	889.6B	2.7B	4.1B	5.4B	8.7B	-68.6%	8.6B	10.3B	12.0B	17.7%
EPS	2,247	6.58	9.56	11.82	12.15	-72.9%	11.73	13.45	14.57	9.5%
Shares	192.2M	190.3M	189.3M	190.0M	190.2M	-1.0%	190.0M	—	—	—
Debt	310.5B	576.4M	479.5M	478.0M	1.0B	-76.1%	998.9M	—	—	—
Equity	499.7B	1.8B	2.3B	3.3B	5.4B	-67.8%	—	—	—	—
Op CF	70.4B	2.2B	2.4B	1.3B	1.5B	-62.1%	1.4B	—	—	—
Inv CF	289.7B	-1.1B	-471.3M	-233.9M	-1.1B	—	—	—	—	—
Fin CF	-352.6B	-595.5M	-1.5B	-1.5B	324.3M	—	—	—	—	—

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PRICE (1Y)+20.6%

SMA 50SMA 200

$106.29

RSI (14)

76.3

52W High

$109.94

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC

50.2%98.2

ROE

44.8%95.4

GP/Assets

17.2%42.5

Op. Margin

0.0%27.1

FCF/Assets

6.3%65.2

Piotroski

419.4

Int. Cover

50.0x84.9

D/E Ratio

0.22x48.3

Current Ratio

6.51x92.3

Value

P/E (TTM)

9.2x92.8

EV/EBITDA

—N/A

P/FCF

13.7x77.2

P/B

4.2x36.0

P/S

2.4x56.6

Div Yield

3.3%80.5

Momentum

52W High %

97%96.1

RS 6M

45%84.7

SMA 50/200

1.15x72.6

EPS Rev 4W

0.0%18.2

EPS Rev 12W

0.0%43.0

EPS Improve

+57900%100.0

Q Growth

-0%28.1

FUNDAMENTALS

Market Cap

$20.2B

P/E (Forward)

0.0x

Gross Margin

69.4%

SECTOR PEERS

Closest peers in Technology, ranked by industry match, size, and score similarity. Cross-listings of KSPI are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
KSPI	Joint Stock Company Kaspi.kz(you)	$20.2B	92	Strong Buy

Joint Stock Company Kaspi.kz (KSPI): Stock Score Summary

Joint Stock Company Kaspi.kz (KSPI) has a MoatMap StockRank of 92/100 based on Quality (63/100), Value (59/100), and Momentum (70/100) factor scores. The current signal is STRONG BUY.

Key Financial Metrics

Price	$106.29
Market Cap	$20.2B
P/E (TTM)	9.18
P/E (Forward)	0.02
Price/Book	4.15
Return on Equity	44.8%
Return on Invested Capital	50.2%
Debt/Equity	0.22x
Gross Margin	69.4%
Operating Margin	0.0%
Revenue Growth	13.6%
Dividend Yield	3.3%
Free Cash Flow	$1.5B

Joint Stock Company Kaspi.kz operates in the Software - Infrastructure industry, part of the Technology sector (Kazakhstan).

Frequently Asked Questions

What is Joint Stock Company Kaspi.kz’s (KSPI) StockRank?: MoatMap’s StockRank for Joint Stock Company Kaspi.kz (KSPI) is 92/100, with a Strong Buy signal. It is a composite of Quality (63), Value (59), and Momentum (70) factor ranks across MoatMap’s 20,000+ stock universe.
Does Joint Stock Company Kaspi.kz have an economic moat?: Joint Stock Company Kaspi.kz (KSPI) has a Quality factor score of 63/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Joint Stock Company Kaspi.kz a buy, hold, or sell?: MoatMap’s current signal for Joint Stock Company Kaspi.kz (KSPI) is Strong Buy, based on a StockRank of 92/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is Joint Stock Company Kaspi.kz in?: Joint Stock Company Kaspi.kz (KSPI) operates in the Technology sector, specifically the Software - Infrastructure industry (Kazakhstan).