Joint Stock Company Kaspi.kz (KSPI) has a MoatMap StockRank of 95/100 based on Quality (58/100), Value (59/100), and Momentum (67/100) factor scores. The current signal is STRONG BUY. Kaspi.kz, a dominant fintech super app in Kazakhstan, is a prime beneficiary of the 'Reshaping Global Value Chains' theme. As geopolitical fracturing re-aligns trade and supply chains, strategically important emerging markets like Kazakhstan stand to see increased economic activity. Kaspi.kz's asset-light, high-ROIC super app model exhibits strong network effects, pricing power, and deeply loyal customers, fitting both Terry Smith's and Nick Sleep's quality criteria. Its consumer-facing nature and observable demand signals also align with Peter Lynch's preference, presenting a growth-at-a-reasonable-price opportunity where the market may be underestimating the structural growth tailwind from regionalization and the compounding power of its ecosystem.
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.
| Price | $92.85 |
| Market Cap | $17.4B |
| P/E (TTM) | 7.88 |
| P/E (Forward) | 0.01 |
| Price/Book | 0.01 |
| Return on Equity | 46.7% |
| Return on Invested Capital | 42.5% |
| Debt/Equity | 11.86 |
| Gross Margin | 69.2% |
| Operating Margin | 0.0% |
| Revenue Growth | 31.3% |
| Dividend Yield | 3.9% |
| Free Cash Flow | $-736.2B |
Joint Stock Company Kaspi.kz operates in the Software - Infrastructure industry, part of the Technology sector (Kazakhstan).