Equites Radar

KSPI · Joint Stock Company Kaspi.kz -

Software - InfrastructureKazakhstanAnalyst view: Buy

$85.79

+0.23% last session

End-of-day data · updated 2026-07-28

Mildly bullish3 bullish · 1 bearish technical signals
Consensus: Buy (1.86 from 7 analysts)
To mean target: +13.5%

Market cap

$16B

Enterprise value

Trailing P/E

7.5

Forward P/E

0.0

Dividend yield

4.0%

Beta

0.08

Avg volume

0M

Employees

14K

2D change

5D change

1.74%

10D change

-1.63%

30D change

-2.78%

60D change

-2.20%

MTD change

-2.11%

YTD change

15.64%

Analyst Outlook

Consensus ratingBuy
Recommendation mean (1–5)1.86
Covering analysts7
Mean price target$97.39
Low price target$85.95
Upside to mean target+13.5%

Analyst estimates change daily — follow the shifts on the Estimate Trends page.

Technical Analysis

RSI (14)49.1
50-day MA$86.26
200-day MA$76.99
Price vs 50-day MA+0.5%
Price vs 200-day MA+12.6%
MACD histogram-0.44
Volume vs 3-month avg0.8×
52w low $65.8952w high $93.53

Analyst sentiment over time — KSPI

Rec Mean (blue, left — higher = more bullish) vs. price targets (right).

Investment Bank Ratings as of 2026-03-06

Latest call per bank · past 12 months

JP Morgan

Neutral

$96.00

+11.9% vs price
Downgrade · 2025-08-20

Recent rating actions

DateFirmActionRatingPrice target
2026-03-06Freedom BrokerInitiatesHold$0.00 $87.00
2025-08-20JP MorganDowngradeOverweightNeutral$96.00
2025-08-01JP MorganMaintainsOverweight$137 $96.00

Ratings and price targets are the published opinions of the issuing banks, compiled from Yahoo Finance rating actions — not investment advice.

Signal Summary as of 2026-07-28

  • RSI (14): RSI is 49 — neutral momentum, neither overbought nor oversold.
  • Price vs 50-day MA: Trading 0.5% above the 50-day MA ($86.26).
  • Price vs 200-day MA: Trading 12.6% above the 200-day MA ($76.99).
  • MA cross: The 50-day MA sits above the 200-day MA (golden-cross regime) — the longer-term trend points up.
  • MACD (12,26,9): MACD histogram is negative (-0.44) — short-term momentum is fading.
  • 52-week range: Price sits between the 52-week low ($65.89) and high ($93.53).

KSPI Price Chart

Loading chart for KSPI

Fundamentals

Revenue (TTM)
EBITDA$2.42T
Free cash flow-$736B
Operating cash flow
Book value / share$11,908.49
Net debt / EBITDA
WACC5.0%
Revenue growth31.00%
Earnings growth-1.00%

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 Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech. The Payments segment offers a platform that facilities transactions between and among merchants and consumers. This segment provides ways for consumers to pay for shopping transactions and regular household bills, as well as make peer to peer payments; and enables merchants to accept payment online and in store, issue and settle invoices, pay suppliers, and monitor merchant turnover. It also offers proprietary data, which facilitates informed decision-making across multiple areas of business. Its Marketplace Platform segment connects both online and offline merchants with consumers, enabling merchants to increase sales through an omnichannel strategy and allowing consumers to purchase products and services from various merchants. This segment operates marketplaces through m-commerce, a mobile solution for shopping in person; e-Commerce, which allows consumers to shop anywhere and anytime with free delivery; and Kaspi Travel that allows consumers to book domestic and international flights, domestic rail tickets, and international package holidays. It also enhances merchants' sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with buy-now-pay-later, finance and savings products, and merchants with merchant finance services. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; e-grocery; classifieds; and storage and processing of information services. Joint Stock Company Kaspi.kz was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.

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Data is sourced from end-of-day snapshots and refreshed daily before the US market open — nothing on this page is real-time. Figures can contain vendor errors. This page is for information only and is not investment advice.