Company Valuation: Kaspi Bank

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 8,087,619 - -
Change - -50.6% 37.18% 18.68% -19.97% 7.04% - -
Enterprise Value (EV) 11,739,956 5,799,411 7,955,362 8,902,249 6,695,841 8,087,619 8,087,619 8,087,619
Change - -50.6% 37.18% 11.9% -24.78% 20.79% 0% 0%
P/E - - 9.57x 9.15x 7.08x 7.6x 6.63x 5.71x
PBR - - 9.71x 6.22x 3.05x 2.77x 2.41x 2.11x
PEG - - - 0.4x 2.39x 41.52x 0.5x 0.4x
Capitalization / Revenue 12.5x 4.41x 4.16x 3.73x 1.87x 1.6x 1.43x 1.13x
EV / Revenue 0x 0x 0x 0x 0x 1.6x 1.43x 1.13x
EV / EBITDA - - - 0x 0x 5.19x 4.37x 3.8x
EV / EBIT 0x 0x 0x 0x 0x 5.79x 4.99x 4.05x
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% - 7.99% 8.76% 9.78%
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 1,403,645 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 42,560.31 42,560.31 42,560.31
Nbr of stocks (in thousands) 192,187 190,899 189,685 190,016 190,785 190,027 - -
Announcement Date 2/28/22 2/27/23 2/26/24 2/24/25 3/2/26 - - -
1KZT in Million2KZT
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.57x - - 8.02% 17.07B
60.37x18.83x36.55x-.--% 102B
17.3x3.47x8.21x1.73% 75.32B
22.35x6.44x12.15x-.--% 31.12B
68.28x6.27x21.84x-.--% 28.33B
44.45x23.65x38.2x1.88% 27.3B
6.25x2.84x6.73x4.35% 21.61B
78.75x4.44x21.16x-.--% 16.06B
61.32x27.93x46.84x - 13.61B
11.12x-0.82x-1.45x-.--% 13.32B
Average 37.78x 10.34x 21.14x 1.78% 34.52B
Weighted average by Cap. 39.93x 11.27x 22.77x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. KSPI Stock
  4. Valuation Kaspi Bank