profit from every $100 of sales.
$0$100
Joint Stock Company Kaspi.kz
$89.91+1.43% today
+23.5% in 1 year
1-year low $68.841-year high $108.75
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $7.08 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Joint Stock Company Kaspi.kz sold, what it kept, and what it did with the cash.
Sales went from KZT 1.25 trillion in 2022 to KZT 4.03 trillion in 2025, with KZT 1.07 trillion of profit last year.
SalesProfit
Joint Stock Company Kaspi.kz handed back 4% of the cash it generated last year.
Buybacks KZT 21.9B
Free cash flow 2025KZT 491.1B
Bought back its own sharesKZT 21.9B
Paid as dividendsKZT 0
Cash vs. debtKZT 903.1B vs. KZT 470.6B
Joint Stock Company Kaspi.kz vs. similar companies
Joint Stock Company Kaspi.kz grows the fastest of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Joint Stock Company Kaspi.kz | 7.1× · Cheap | ||
 Microsoft | 29.1× · Fair price | ||
 Palantir Technologies | 249.1× · Very expensive | ||
 Oracle | 22.9× · Fair price | ||
 Palo Alto Networks | 232.6× · Very expensive |
AI analysis
An AI analyst reads Joint Stock Company Kaspi.kz's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of KZT | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,254,208 | 1,890,290 | 2,520,927 | 4,027,824 | |
| 870,597 | 1,218,454 | 1,571,459 | 1,908,382 | |
| 704,190 | 998,804 | 1,271,060 | 1,313,668 | |
| 704,190 | 998,804 | 1,271,060 | 1,313,668 | |
| 585,026 | 841,351 | 1,039,739 | 1,073,177 | |
| 3,016.00 | 4,381.00 | 5,431.00 | 5,592.00 | |
| 69.4% | 64.5% | 62.3% | 47.4% | |
| 56.1% | 52.8% | 50.4% | 32.6% | |
| 46.6% | 44.5% | 41.2% | 26.6% |
Balance sheet
| In millions of KZT | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 5,121,647 | 6,821,932 | 8,377,101 | 11,081,748 |
| Cash | 615,360 | 820,466 | 619,470 | 903,143 |
| Total debt | 267,061 | 222,156 | 221,456 | 470,576 |
| Total liabilities | 4,295,958 | 5,718,719 | 6,804,240 | 8,480,171 |
| 819,165 | 1,078,123 | 1,517,224 | 2,491,843 | |
| 194 | 192 | 191 | 192 | |
| 51.2% | 60.7% | 57.8% | 35.0% | |
| 71.4% | 78.0% | 68.5% | 43.1% |
Cash flow
| In millions of KZT | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,020,984 | 1,106,128 | 581,892 | 673,611 | |
| 59,468 | 50,257 | 95,726 | 182,513 | |
| 961,516 | 1,055,871 | 486,166 | 491,098 | |
| Dividends paid | 210,102 | 560,132 | 646,056 | 0 |
| 63,672 | 60,703 | 2,852 | 21,907 | |
| – | – | – | – |
Valuation
- 7.1×
- 0.0×
- 0.31
- 3.2×
- 1.9×
- 15.5×
- 5.5×
- 6.5%
- 14.1%
- 0.0%
Profitability
- 47.4%
- 32.6%
- 26.6%
- 37.0%
- 35.9%
- 52.5%
- 62.0%
- 4,480.3%
- 7,864.5%
- 2.6%
Growth
- +47.5%
- +22.9%
- +196.5%
- –
- −0.4%
Financial health
- -0.0×
- 0.19
- 3.0%
- 2.5×
- 1.23
- 22.78
- 181.14
How it ranks in Technology
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 3%of 973
Top 5%of 979
Top 2%of 746
Top 7%of 979
Top 18%of 981
What analysts expect
- Average price target
- $95.00
- Range
- $95.00 – $95.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 11, 2026 | 2.63 | 2.59 | +1.5% |
| Mar 2, 2026 | 2.80 | 3.25 | −13.8% |
| Nov 10, 2025 | 2.72 | 4.31 | −36.9% |
| Aug 6, 2025 | 2.69 | 2.66 | +1.1% |
| May 12, 2025 | 2.59 | 2.63 | −1.5% |
| Feb 25, 2025 | 3.09 | 3.43 | −9.9% |
| Oct 18, 2024 | 2.72 | 2.90 | −6.2% |
| Jul 22, 2024 | 2.21 | 2.74 | −19.3% |
News
Chevron outlines plan to double Venezuela joint venture output to ~600,000 bpd by 2031Seeking Alpha · Oct 30, 2026Big business warns Trump against diesel export ban in joint letterCNBC · Sep 24, 2026This Overlooked Pipeline Stock Just Became a Rival's Joint-Venture Partner Without Anyone NoticingYahoo Finance · Sep 20, 2026Iran and Oman discuss joint shipping route in Strait of Hormuz and mine clearing missionCNBC · Aug 25, 2026Trump scaling down U.S.-South Korea drills could risk more than just joint military readinessCNBC · Aug 20, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
7/7Passes 7 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
78Pass
Benjamin Graham
71Pass
Philip Fisher
89Pass
Peter Lynch
100Pass
Joel Greenblatt
94Pass
Charlie Munger
91Pass
Terry Smith
81Pass
Questions about Joint Stock Company Kaspi.kz
Is Joint Stock Company Kaspi.kz a good stock to buy?
A strong, very profitable business, and the price looks low. 7 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Joint Stock Company Kaspi.kz AI analysis
What does Joint Stock Company Kaspi.kz do?
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. It is in Software - Infrastructure, based in Almaty, Kazakhstan, with 14,008 employees.
Does Joint Stock Company Kaspi.kz pay a dividend?
No. Joint Stock Company Kaspi.kz does not pay a dividend at the moment; in 2025 it returned $21.9 billion to shareholders by buying back its own shares.
Is Joint Stock Company Kaspi.kz stock halal?
No. Joint Stock Company Kaspi.kz does not pass our halal screen: its cash and receivables are 108% of its market value, at or above the 49% limit. How we check
How has Joint Stock Company Kaspi.kz stock done over the past year?
Up 23.5% over the past twelve months, to $89.91. It traded between $68.84 and $108.75 and is 17.3% below its high.
Who are Joint Stock Company Kaspi.kz's competitors?
The largest listed companies in the same industry are Microsoft, Palantir Technologies, Oracle and Palo Alto Networks. The peers table on this page compares their profit, growth and price with Joint Stock Company Kaspi.kz's.
Prices: daily closes to Nov 13, 2026. Fundamentals: company reports via invest-like data.