Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. 30/10/2026			5-day change	1st Jan Change
42,570.00 ^KZT	+1.84%		+2.83%	+5.40%

09-10	Joint Stock Company Kaspi.Kz Approves Dividend, Payable on 09 September 2026	CI
08-28	The emerging market that has outperformed the Nasdaq 100 over the past 10 years

Data adjusted to current consolidation scope

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Market Cap ¹	11,739,956	5,799,411	7,955,362	9,441,086	7,555,774	7,866,015	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	4.11%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	7,866,015	7,866,015	7,866,015
Change	-	-50.6%	37.18%	11.9%	-24.78%	17.48%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	7.27x	6.4x	5.5x
PBR	-	-	9.71x	6.22x	3.05x	2.7x	2.34x	2.05x
PEG	-	-	-	0.4x	2.39x	4.08x	0.5x	0.3x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.69x	1.45x	1.27x
EV / Revenue	0x	0x	0x	0x	0x	1.69x	1.45x	1.27x
EV / EBITDA	-	-	-	0x	0x	4.86x	4.29x	3.75x
EV / EBIT	0x	0x	0x	0x	0x	5.33x	4.69x	3.94x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	3,200	3,400	-	3,600	3,915	4,423
Rate of return	-	-	7.63%	6.84%	-	8.7%	9.46%	10.7%
EPS ²	-	-	4,381	5,431	5,592	5,692	6,465	7,520
Distribution rate	-	-	73%	62.6%	-	63.2%	60.6%	58.8%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	4,665,890	5,421,322	6,182,001
EBITDA ¹	-	-	-	2,041,856	1,556,372	1,617,126	1,834,285	2,095,532
EBIT ¹	528,802	720,574	1,022,004	1,282,289	1,331,918	1,474,816	1,677,681	1,996,920
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,093,394	1,244,579	1,441,678
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	41,394.14	41,394.14	41,394.14
Nbr of stocks (in thousands)	192,187	190,899	189,685	190,016	190,785	190,027	-	-
Announcement Date	28/02/22	27/02/23	26/02/24	24/02/25	02/03/26	-	-	-

¹KZT in Million²KZT

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
INTUIT INC.	16.77x	3.56x	7.92x	1.59%	91.15B
ROBINHOOD MARKETS, INC.	40.29x	13.37x	24.75x	-.--%	76.53B
ADYEN N.V.	21.77x	5.98x	11.77x	-.--%	29.15B
AFFIRM HOLDINGS, INC.	36.62x	4.01x	12.88x	-.--%	24.79B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	33.7x	16.63x	28.11x	2.5%	21.59B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	5.75x	2.86x	6.79x	4.5%	19.88B
CIRCLE INTERNET GROUP, INC.	65.27x	5.24x	22.18x	-.--%	18.51B
KASPI BANK	7.27x	-	-	8.7%	17.34B
FUTU HOLDINGS LIMITED	10.58x	-1.37x	-2.41x	-.--%	13.8B
Average	26.45x	6.29x	14.00x	1.92%	34.75B
Weighted average by Cap.	27.10x	7.16x	14.89x	1.4%