Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. Other stock markets 17/07/2026			5-day change	1st Jan Change
41,888.87 ^KZT	-0.90%		-0.03%	+3.71%

06-24	Kaspi.kz Receives Turkish Regulatory Approval to Acquire Rabobank in Turkiye	MT
06-12	Joint Stock Company Kaspi.Kz Announces Dividend, payable on 11 June 2026	CI

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	7,866,942	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	4.12%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	7,866,942	7,866,942	7,866,942
Change	-	-50.6%	37.18%	11.9%	-24.78%	17.49%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	7.39x	6.44x	5.55x
PBR	-	-	9.71x	6.22x	3.05x	2.7x	2.34x	2.05x
PEG	-	-	-	0.4x	2.39x	40.37x	0.4x	0.3x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.56x	1.39x	1.1x
EV / Revenue	0x	0x	0x	0x	0x	1.56x	1.39x	1.1x
EV / EBITDA	-	-	-	0x	0x	5.05x	4.25x	3.7x
EV / EBIT	0x	0x	0x	0x	0x	5.63x	4.86x	3.94x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	3,200	3,400	-	3,400	3,728	4,164
Rate of return	-	-	7.63%	6.84%	-	8.21%	9%	10.1%
EPS ²	-	-	4,381	5,431	5,592	5,602	6,424	7,455
Distribution rate	-	-	73%	62.6%	-	60.7%	58%	55.9%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	5,043,856	5,660,184	7,169,223
EBITDA ¹	-	-	-	2,041,856	1,556,372	1,557,250	1,851,662	2,128,665
EBIT ¹	528,802	720,574	1,022,004	1,282,289	1,331,918	1,397,879	1,620,166	1,998,531
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,077,937	1,245,467	1,908,000
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	41,399.02	41,399.02	41,399.02
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.($)
ROBINHOOD MARKETS, INC.	52.24x	16.4x	31.8x	-.--%	90.01B
INTUIT INC.	18.3x	3.68x	8.69x	1.64%	79.62B
ADYEN N.V.	22.04x	6x	11.5x	-.--%	30.09B
AFFIRM HOLDINGS, INC.	61.38x	5.59x	19.48x	-.--%	25.48B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	38.92x	20.53x	33.17x	2.15%	23.94B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	6.27x	2.89x	6.71x	4.35%	21.66B
CIRCLE INTERNET GROUP, INC.	72.75x	4.13x	19.89x	-.--%	15.03B
FUTU HOLDINGS LIMITED	11.13x	-0.82x	-1.45x	-.--%	13.33B
BILLIONBRAINS GARAGE VENTURES LIMITED	61.85x	28.18x	47.25x	-	13.57B
Average	38.32x	9.62x	19.67x	1.02%	34.75B
Weighted average by Cap.	36.89x	9.85x	20.01x	0.92%