Kaspi.kz JSCKSPI
KSPI
About: Kaspi.kz JSC is the payment, marketplace, and Fintech ecosystem in Kazakhstan. The firm provides interconnected technologically seamless products and services that help people to pay, shop and manage their finances. Its operating segment includes the Payments Platform that connects its customers, which consist of both consumers and merchants, to facilitate cashless, digital transactions, the Marketplace Platform that connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants, and Fintech Platform that enables customers to manage their personal finances online and access consumer finance and deposit products through the Kaspi.kz Super App.
Employees: 9,637
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
213% more call options, than puts
Call options by funds: $17.8M | Put options by funds: $5.7M
119% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 16
24% more funds holding in top 10
Funds holding in top 10: 17 [Q4 2024] → 21 (+4) [Q1 2025]
10% more funds holding
Funds holding: 171 [Q4 2024] → 188 (+17) [Q1 2025]
0.31% less ownership
Funds ownership: 46.96% [Q4 2024] → 46.65% (-0.31%) [Q1 2025]
2% less repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 65
3% less capital invested
Capital invested by funds: $8.45B [Q4 2024] → $8.23B (-$224M) [Q1 2025]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$130
51%
upside
Avg. target
$130
51%
upside
High target
$130
51%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Susquehanna James Friedman | 51%upside $130 | Positive Maintained | 13 May 2025 |
Financial journalist opinion
Negative
Seeking Alpha
1 month ago
Kaspi: Smartphone Registering Rules Slow Online Activity
Smartphone registering rules hit online activity and knocked a few hundred bps off growth. Smartphones will get more expensive for Kazakhs, and volumes disrupted for now. They also had to provision for higher credit losses due to persistently high rates, continuing inflation and petro-macro concerns. This dinged their fintech business. But they are drawing in a lot of new funds with the deposit options for Kazakhs. Moreover, the growth is still continuing in their directly provided services, lifting take rates.
Neutral
Seeking Alpha
1 month ago
Joint Stock Company Kaspi.kz (KSPI) Q1 2025 Earnings Call Transcript
Joint Stock Company Kaspi.kz (OTC:KSPI) Q1 2025 Results Conference Call May 12, 2025 8:00 AM ET Company Participants David Ferguson - Managing Director Head of Investor Relations Mikheil Lomtadze - CEO and Co-Founder Yuri Didenko - Deputy CEO Tengiz Mosidze - Deputy CFO Conference Call Participants Ygal Arounian - Citi Darrin Peller - Wolfe Research Reggie Smith - JPMorgan Jamie Friedman - Susquehanna Gabor Kemeny - Autonomous Salman Ali - Fountainhead Partnership Operator Hello, and welcome everyone to the Kaspi.kz First Quarter 2025 Financial Results. [Operator Instructions] I will now hand you over to David Ferguson, Head of Investor Relations at Kaspi.kz to begin.
Neutral
GlobeNewsWire
1 month ago
Kaspi.kz 1Q 2025 Financial Results
ALMATY, Kazakhstan, May 12, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”) (Nasdaq:KSPI) which operates the Kaspi.kz and Kaspi Pay Super Apps in Kazakhstan and owns 65.41% of Hepsiburada in Türkiye, today published its unaudited consolidated IFRS financial results for the quarter ended 31 March 2025 (“1Q 2025”). 1Q 2025 Highlights Our results for the first quarter of the year were broadly as we expected them to be.
Positive
Seeking Alpha
2 months ago
Kaspi: A Strong Buy For Value Investors, While Dividend Investors Should Keep It On Close Watch
Kaspi is a compelling investment opportunity for those who don't mind exposure to Kazakhstan, as it's the country's dominant fintech service provider. Kaspi has demonstrated robust revenue and earnings growth with high margins despite having well below average valuation multiples. KSPI decided to cut its dividend for 2025, but its ability and motive to pay in the future remain high, so yield chasers should keep it on their watch list.
Neutral
GlobeNewsWire
2 months ago
Kaspi.kz: Announcement of AGM Results
ALMATY, Kazakhstan, March 31, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announces that the following resolutions were duly passed at its Annual General Meeting on 28 March 2025: To approve the agenda of the Annual General Meeting of Shareholders of JSC Kaspi.kz: Approval of the agenda; Approval of JSC Kaspi.kz's 2024 annual audited financial statements; Approval of the procedure to distribute JSC Kaspi.kz's net income for the year 2024 and the amount of dividend per common share of JSC Kaspi.kz; Information on shareholders' appeals on JSC Kaspi.kz and its officers' actions and results of consideration thereof in 2024; Appointment of the external auditor to audit JSC Kaspi.kz's financial statements. To approve JSC Kaspi.kz's 2024 annual audited financial statements.
Neutral
GlobeNewsWire
2 months ago
Joint Stock Company Kaspi.kz issues USD denominated Eurobond
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. THIS IS AN ANNOUNCEMENT AND NOT AN OFFER TO SELL OR AN INVITATION TO PURCHASE OR SUBSCRIBE FOR ANY SECURITIES NOR A CIRCULAR OR PROSPECTUS OR EQUIVALENT DOCUMENT AND INVESTORS OR PROSPECTIVE INVESTORS SHOULD NOT MAKE INVESTMENT DECISIONS ON THE BASIS OF ITS CONTENTS.
Neutral
GlobeNewsWire
3 months ago
Kaspi.kz Files Annual Report on Form 20-F
ALMATY, Kazakhstan, March 10, 2025 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”, “we”, or the “Company”) (Nasdaq: KSPI) today announced that the Company has filed its Annual Report on Form 20-F for the year ended December 31, 2024 with the U.S. Securities and Exchange Commission (the “SEC”).
Neutral
GlobeNewsWire
3 months ago
Kaspi.kz receives investment grade rating from Moody's
ALMATY, Kazakhstan, March 05, 2025 (GLOBE NEWSWIRE) -- Kaspi.kz has received its second international credit rating. Moody's rates Kaspi.kz investment grade Baa3 with a stable outlook. The rating follows Fitch's investment BBB- credit rating and stable outlook, received in the second half of 2024. These rating are separate from Kaspi Bank, a component of Kaspi.kz's Fintech Platform, which has been tracked by international rating agencies for many years.
Neutral
Seeking Alpha
3 months ago
Joint Stock Company Kaspi.kz (KSPI) Q4 2024 Earnings Call Transcript
Joint Stock Company Kaspi.kz (KSPI) Q4 2024 Earnings Call Transcript
Neutral
GlobeNewsWire
3 months ago
Notice of Annual General Meeting of Shareholders of Kaspi.kz
ALMATY, Kazakhstan, Feb. 24, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of JSC Kaspi.kz (Nasdaq: KSPI) hereby announces the Annual General Meeting of Shareholders of JSC Kaspi.kz will be held on 28 March 2025 at 10:00 Astana time at: 154 “А”, Nauryzbai Batyr Street, Almaty, Kazakhstan, 050013.
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