Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. 18/09/2026			5-day change	1st Jan Change
100.00 ^USD	+0.11%		-0.83%	+24.24%

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	8,281,632	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	9.61%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	8,281,632	8,281,632	8,281,632
Change	-	-50.6%	37.18%	11.9%	-24.78%	23.68%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	7.44x	6.54x	5.51x
PBR	-	-	9.71x	6.22x	3.05x	2.84x	2.46x	2.16x
PEG	-	-	-	0.4x	2.39x	1.55x	0.5x	0.3x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.74x	1.49x	1.28x
EV / Revenue	0x	0x	0x	0x	0x	1.74x	1.49x	1.28x
EV / EBITDA	-	-	-	0x	0x	5.17x	4.55x	3.92x
EV / EBIT	0x	0x	0x	0x	0x	5.5x	4.78x	3.94x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	3,200	3,400	-	3,700	3,939	4,459
Rate of return	-	-	7.63%	6.84%	-	8.49%	9.04%	10.2%
EPS ²	-	-	4,381	5,431	5,592	5,860	6,667	7,909
Distribution rate	-	-	73%	62.6%	-	63.1%	59.1%	56.4%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	4,747,625	5,559,041	6,468,406
EBITDA ¹	-	-	-	2,041,856	1,556,372	1,601,769	1,818,823	2,113,110
EBIT ¹	528,802	720,574	1,022,004	1,282,289	1,331,918	1,506,507	1,733,499	2,102,144
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,118,368	1,295,912	1,552,833
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	43,581.28	43,581.28	43,581.28
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.	57.38x	19.56x	36.39x	-.--%	108B
INTUIT INC.	14.94x	3.12x	6.95x	1.8%	81.02B
ADYEN N.V.	22.79x	6.36x	12.23x	-.--%	31.82B
AFFIRM HOLDINGS, INC.	35.86x	3.8x	12.15x	-.--%	24.03B
CIRCLE INTERNET GROUP, INC.	86.52x	6.89x	29.36x	-.--%	23.3B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	36.41x	18.38x	30.15x	2.34%	23.27B
KASPI BANK	7.44x	-	-	8.49%	18.53B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	5.35x	2.75x	6.54x	5.04%	18.37B
FUTU HOLDINGS LIMITED	11.77x	-0.78x	-1.37x	-.--%	15.7B
Average	30.94x	7.51x	16.55x	1.96%	38.2B
Weighted average by Cap.	35.67x	10.09x	20.44x	1.31%