JSC Kaspi.kz American Depositary Receipt (KSPI)
Joint Stock Company Kaspi.kz (KSPI) Q2 2026 Earnings Call Transcript
Joint Stock Company Kaspi.kz (KSPI) Q2 2026 Earnings Call Transcript
Kaspi.kz: Betting On A Proven Playbook In A Much Larger Market
Kaspi trades at a forward P/E of 7.6x despite robust profitability and a dominant fintech ecosystem in Kazakhstan. KSPI's expansion into Turkey is currently dilutive but offers potential for outsized revenue growth and eventual margin recovery as fintech products scale. My valuation implies more than 75% upside to a $163 price target.
Kaspi.kz: Kazakhstan Is The Moat, Türkiye Is The Test
Kaspi.kz: Kazakhstan Is The Moat, Türkiye Is The Test
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
