Overview
Joint Stock Company Kaspi.kz, based in Kazakhstan, operates primarily in the technology and financial services industries. The company is extensively engaged in developing and promoting a unified online platform that facilitates a range of services, including consumer banking, payments, and e-commerce. Kaspi.kz has shown significant growth by leveraging its mobile app to dominate various segments of the market such as digital wallets and online retail. A notable project of Kaspi.kz is its marketplace, which integrates e-commerce with financial services for improved consumer service. The company also actively invests in technology to enhance user experience and increase the efficiency of its financial services. Through these strategic initiatives, Kaspi.kz aims to sustain its market leadership and drive further digital transformation in the region.
Quality, Value, Momentum Scores
This card shows the Quality, Value, and Momentum scores for the company
Income Statement: Revenue, Operating Income, Net Income
- The revenue for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 3,181,479.00 MM.
- The operating income for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 2,083,221.00 MM.
- The net income for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 1,090,972.00 MM.
| Period End (TTM) | Revenue (MM) | Operating Income (MM) | Net Income (MM) |
| 2025-06-30 | 3,181,479.00 | 2,083,221.00 | 1,090,972.00 |
| 2025-03-31 | 2,803,513.00 | 1,976,648.00 | 1,072,196.00 |
| 2024-12-31 | 2,544,139.00 | 1,910,388.00 | 1,039,739.00 |
| 2024-09-30 | 2,370,679.00 | 1,783,019.00 | 972,121.00 |
| 2024-06-30 | 2,223,509.00 | 1,688,437.00 | 933,584.00 |
| 2024-03-31 | 2,061,394.00 | 1,590,134.00 | 887,847.00 |
| 2023-12-31 | 1,902,598.00 | 1,489,122.00 | 841,351.00 |
| 2023-09-30 | 1,722,373.00 | 1,371,686.00 | 784,217.00 |
| 2023-06-30 | 1,559,341.00 | 1,252,774.00 | 718,304.00 |
| 2023-03-31 | 1,408,004.00 | 1,133,701.00 | 656,187.00 |
| 2022-12-31 | 1,269,215.00 | 998,563.00 | 585,026.00 |
| 2022-09-30 | 1,151,798.00 | 896,635.00 | 534,245.00 |
| 2022-06-30 | 1,053,118.00 | 812,817.00 | 492,831.00 |
| 2022-03-31 | 970,264.00 | 748,057.00 | 459,765.00 |
| 2021-12-31 | 885,478.00 | 700,949.00 | 431,914.00 |
| 2021-09-30 | 753,756.00 | 620,050.00 | 373,819.00 |
| 2021-06-30 | 675,046.00 | 544,050.00 | 318,186.00 |
| 2021-03-31 | 611,752.00 | 479,845.00 | 272,705.00 |
| 2020-12-31 | 602,869.00 | 456,826.00 | 260,964.00 |
| 2020-09-30 | 611,615.00 | 428,509.00 | 244,432.00 |
Income Statement: EPS
- The earnings per share basic for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 5,735.62.
- The earnings per share diluted for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 5,697.42.
| Period End (TTM) | Earnings Per Share Basic | Earnings Per Share Diluted |
| 2025-06-30 | 5,735.62 | 5,697.42 |
| 2025-03-31 | 5,642.66 | 5,600.35 |
| 2024-12-31 | 5,477.15 | 5,431.00 |
| 2024-09-30 | 5,124.37 | 5,069.42 |
| 2024-06-30 | 4,922.57 | 4,868.24 |
| 2024-03-31 | 4,680.80 | 4,628.50 |
| 2023-12-31 | 4,431.43 | 4,381.00 |
| 2023-09-30 | 4,123.94 | 4,075.86 |
| 2023-06-30 | 3,765.78 | 3,721.41 |
| 2023-03-31 | 3,433.97 | 3,393.22 |
| 2022-12-31 | 3,051.38 | 3,016.00 |
| 2022-09-30 | 2,781.19 | 2,755.04 |
| 2022-06-30 | 2,565.45 | 2,536.72 |
| 2022-03-31 | 2,391.12 | 2,364.82 |
| 2021-12-31 | 2,247.36 | 2,222.00 |
| 2021-09-30 | 1,933.25 | 1,898.69 |
| 2021-06-30 | 1,657.20 | 1,633.82 |
| 2021-03-31 | 1,421.17 | 1,403.77 |
| 2020-12-31 | 1,360.57 | 1,347.00 |
| 2020-09-30 | 1,283.45 | 1,283.74 |
Cash Flow: Operations, Investing, Financing
- The cash from operating activities for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 807,082.00 MM.
- The cash from investing activities for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is -279,550.00 MM.
- The cash from financing activities for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is -55,105.00 MM.
| Period End (TTM) | Cash From Operating Activities (MM) | Cash From Investing Activities (MM) | Cash From Financing Activities (MM) |
| 2025-06-30 | 807,082.00 | -279,550.00 | -55,105.00 |
| 2025-03-31 | 636,082.00 | -311,189.00 | -328,903.00 |
| 2024-12-31 | 581,892.00 | -108,364.00 | -709,771.00 |
| 2024-09-30 | 731,611.00 | -24,076.00 | -723,494.00 |
| 2024-06-30 | 423,533.00 | 345,637.00 | -713,309.00 |
| 2024-03-31 | 699,332.00 | 114,241.00 | -663,146.00 |
| 2023-12-31 | 1,106,128.00 | -218,360.00 | -675,970.00 |
| 2023-09-30 | 1,085,339.00 | -441,993.00 | -635,487.00 |
| 2023-06-30 | 1,365,156.00 | -734,657.00 | -598,724.00 |
| 2023-03-31 | 1,215,543.00 | -785,334.00 | -343,034.00 |
| 2022-12-31 | 1,020,984.00 | -487,161.00 | -275,911.00 |
| 2022-09-30 | 573,613.00 | -92,093.00 | -224,568.00 |
| 2022-06-30 | 315,198.00 | 168,403.00 | -199,060.00 |
| 2022-03-31 | 46,854.00 | 306,492.00 | -252,918.00 |
| 2021-12-31 | 70,351.00 | 289,748.00 | -352,580.00 |
| 2021-09-30 | 210,408.00 | 17,301.00 | -258,966.00 |
| 2021-06-30 | 476,310.00 | -296,003.00 | -348,508.00 |
| 2021-03-31 | 688,044.00 | -381,931.00 | -277,477.00 |
| 2020-12-31 | 617,729.00 | -364,711.00 | -177,493.00 |
| 2020-09-30 | 561,476.00 | -361,440.00 | -215,145.00 |
Valuation Metrics : PE, PriceToBook, PriceToTBV
- P/Book
- The current closing price divided by the book value per share.
- P/TBV
- The current price divided by the tangible book value per share.
| Period End (TTM) | p/e | P/Book | P/TBV |
| 2025-06-30 | |||
| 2025-03-31 | |||
| 2024-12-31 | |||
| 2024-09-30 | |||
| 2024-06-30 | |||
| 2024-03-31 | |||
| 2023-12-31 | |||
| 2023-09-30 | |||
| 2023-06-30 | |||
| 2023-03-31 | |||
| 2022-12-31 | |||
| 2022-09-30 | |||
| 2022-06-30 | |||
| 2022-03-31 | |||
| 2021-12-31 | |||
| 2021-09-30 | |||
| 2021-06-30 | |||
| 2021-03-31 | |||
| 2020-12-31 | |||
| 2020-09-30 |
Valuation Metrics : EBitToEv, EBit3YrAvgToEv
| Period End (TTM) | EBIT/EV | EBIT (3y)/EV |
| 2025-06-30 | ||
| 2025-03-31 | ||
| 2024-12-31 | ||
| 2024-09-30 | ||
| 2024-06-30 | ||
| 2024-03-31 | ||
| 2023-12-31 | ||
| 2023-09-30 | ||
| 2023-06-30 | ||
| 2023-03-31 | ||
| 2022-12-31 | ||
| 2022-09-30 | ||
| 2022-06-30 | ||
| 2022-03-31 | ||
| 2021-12-31 | ||
| 2021-09-30 | ||
| 2021-06-30 | ||
| 2021-03-31 | ||
| 2020-12-31 | ||
| 2020-09-30 |
Management Effectiveness
- The roa for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.15.
- The roe for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.87.
- The roic for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.45.
- The croic for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.01.
- The ocroic for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.27.
| Period End (TTM) | ROA | ROE | ROIC | CROIC | OCROIC |
| 2025-06-30 | 0.15 | 0.87 | 0.45 | 0.01 | 0.27 |
| 2025-03-31 | 0.15 | 0.78 | 0.58 | -0.11 | 0.32 |
| 2024-12-31 | 0.14 | 0.89 | 0.64 | -0.01 | 0.48 |
| 2024-09-30 | 0.15 | 0.92 | 0.68 | 0.05 | 0.31 |
| 2024-06-30 | 0.16 | 0.89 | 0.54 | 0.09 | 0.42 |
| 2024-03-31 | 0.17 | 1.03 | 0.67 | 0.16 | 0.87 |
| 2023-12-31 | 0.17 | 1.03 | 0.67 | 0.01 | 0.92 |
| 2023-09-30 | 0.18 | 1.02 | 0.53 | 0.01 | 1.00 |
| 2023-06-30 | 0.18 | 1.02 | 0.53 | 0.01 | 1.00 |
| 2023-03-31 | 0.18 | 1.11 | 0.51 | 0.06 | 0.94 |
| 2022-12-31 | 0.16 | 1.18 | 0.50 | 0.26 | 0.53 |
| 2022-09-30 | 0.16 | 1.18 | 0.50 | 0.26 | 0.53 |
| 2022-06-30 | 0.15 | 1.22 | 0.49 | 0.30 | 0.31 |
| 2022-03-31 | 0.16 | 1.51 | 0.49 | 0.13 | 0.05 |
| 2021-12-31 | 0.15 | 1.09 | 0.55 | 0.01 | 0.09 |
| 2021-09-30 | 0.15 | 1.28 | 0.57 | -0.05 | 0.31 |
| 2021-06-30 | 0.13 | 0.96 | 0.50 | -0.25 | 0.75 |
| 2021-03-31 | 0.12 | 0.77 | 0.52 | 0.04 | 1.31 |
| 2020-12-31 | 0.12 | 0.88 | 0.43 | 0.15 | 1.01 |
| 2020-09-30 | 0.12 | 0.92 | 0.47 | 0.01 | 1.09 |
Gross Margins
- The gross margin for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.83.
- The net margin for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.38.
- The operating margin for Joint Stock Company Kaspi.kz - Depositary Receipt (Common Stock) as of June 30, 2025 is 0.71.
- Gross Margin
- The Gross Margin is the ratio of revenue left after substracting the Cost of Goods Sold. It is calculated as 1.0 - (Revenue - COGS ) / Revenue.
- Net Margin
- The Net Margin (aka Profit Margin) is the ratio of revenue left after substracting the Net Income. It is calculated as Net Income / Revenue.
- Operating Margin
- The Operaing Margin is the ratio of revenue left after substracting the Operating Income. It is calculated as Operating Income / Revenue.
| Period End (TTM) | Gross Margin | Net Margin | Operating Margin |
| 2025-06-30 | 0.83 | 0.38 | 0.71 |
| 2025-03-31 | 0.87 | 0.42 | 0.75 |
| 2024-12-31 | 0.87 | 0.42 | 0.75 |
| 2024-09-30 | 0.88 | 0.42 | 0.76 |
| 2024-06-30 | 0.89 | 0.43 | 0.77 |
| 2024-03-31 | 0.90 | 0.44 | 0.78 |
| 2023-12-31 | 0.91 | 0.45 | 0.80 |
| 2023-09-30 | 0.85 | 0.46 | 0.74 |
| 2023-06-30 | 0.85 | 0.46 | 0.74 |
| 2023-03-31 | 0.91 | 0.47 | 0.80 |
| 2022-12-31 | 0.92 | 0.46 | 0.78 |
| 2022-09-30 | 0.92 | 0.46 | 0.78 |
| 2022-06-30 | 0.92 | 0.47 | 0.77 |
| 2022-03-31 | 0.92 | 0.47 | 0.77 |
| 2021-12-31 | 0.92 | 0.49 | 0.79 |
| 2021-09-30 | 0.92 | 0.47 | 0.77 |
| 2021-06-30 | 0.91 | 0.43 | 0.74 |
| 2021-03-31 | 0.91 | 0.41 | 0.72 |
| 2020-12-31 | 0.91 | 0.41 | 0.71 |
| 2020-09-30 | 0.90 | 0.40 | 0.70 |
Identifiers and Descriptors
| Central Index Key (CIK) |
