JSC Kaspi.kz American Depositary Receipt (KSPI)
Is Ingram Micro Holding Corporation (INGM) Stock Outpacing Its Business Services Peers This Year?
Here is how Ingram Micro (INGM) and Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) have performed compared to their sector so far this year.
Are Business Services Stocks Lagging Ingram Micro Holding Corporation (INGM) This Year?
Here is how Ingram Micro (INGM) and Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) have performed compared to their sector so far this year.
Down 9.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Joint Stock Company Kaspi.kz Sponsored ADR (KSPI)
Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Kaspi.kz: Ownership Change Drives Stock Rally
Kaspi.kz remains a 'Buy' as Q1 results align with guidance and the investment thesis, with revenue up 31% YOY to $2.3 billion. Marketplace segment led growth, notably with Hepsiburada's 94% YOY revenue jump and Kazakh value-added services up 73%, while profitability trends improve. Fintech revenue and loan portfolio grew 25% and 23% respectively, reflecting a strategic shift to longer-duration loans despite a slight NPL ratio increase.
Joint Stock Company Kaspi.kz (KSPI) Q1 2026 Earnings Call Transcript
Joint Stock Company Kaspi.kz (KSPI) Q1 2026 Earnings Call Transcript
Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) Moves 8.1% Higher: Will This Strength Last?
Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Kaspi.kz: Kazakhstan Relies On E-Commerce
Kaspi.kz remains undervalued at $73, with conservative fair value estimated at $92, despite revised growth assumptions for m-commerce. Dividend payments resumed earlier than expected, offering a 9.5% yield, and management signals sustainability while funding Hepsiburada expansion. KSPI's marketplace growth is now driven by e-commerce, not m-commerce, with e-commerce purchases up 83% YoY and m-commerce penetration expected to stay flat.
Kaspi.kz: The Floor Is The Dividend, The Upside Is Turkey
Kaspi.kz has declined 32% to $73, but the core business remains robust, with revenue compounding at 30%+ and gross margins above 70%. KSPI's Hepsiburada acquisition adds complexity and Turkish macro risk, yet the market's discount appears excessive given the long-term optionality. At current prices, KSPI offers a projected 9% 2026 dividend yield, with downside anchored by its dominant Kazakh fintech franchise.
Joint Stock Company Kaspi.kz (KSPI) Q4 2025 Earnings Call Transcript
Joint Stock Company Kaspi.kz (KSPI) Q4 2025 Earnings Call Transcript
Fintech Super App With 68% Margins Sells at Emerging Market Discount: The Kaspi.kz Question
You're looking at a company trading at 6.89 times earnings with 59.6% return on equity, 68% gross margin, and 73% revenue growth.
Joint Stock Company Kaspi.kz (KSPI) Q3 2025 Earnings Call Transcript
Joint Stock Company Kaspi.kz ( KSPI ) Q3 2025 Earnings Call November 10, 2025 8:00 AM EST Company Participants David Ferguson - Head of Investor Relations Mikheil Lomtadze - Co-Founder, Executive Director, Chairman of the Management Board & CEO Conference Call Participants Ygal Arounian - Citigroup Inc., Research Division James Friedman - Susquehanna Financial Group, LLLP, Research Division Griffen Drebing - Wolfe Research, LLC Reginald Smith - JPMorgan Chase & Co, Research Division Presentation Operator Hello, everyone, and welcome to today's Kaspi.kz's Third Quarter and 9 Months 2025 Financial Results Call. My name is Sam, and I'll be the call moderator today.
Kaspi's Business Continues To Grow Despite Inflation Woes
Kaspi delivered strong Q2 results, with robust revenue growth in Kazakhstan despite inflation and high-interest rates, reaffirming a positive full-year outlook. The company's core fintech and e-commerce businesses remain dominant in Kazakhstan, with significant deposit growth and expansion in e-grocery, positioning it for future margin improvement. Kaspi's expansion into Turkey via Hepsiburada and the Rabobank deal presents both high potential and considerable risk, requiring patience and close monitoring.
