Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. Other stock markets 2026-08-04			5-day change	1st Jan Change
90.79 ^USD	+3.46%		+6.41%	+12.80%

07-14	Joint Stock Company Kaspi.kz acquired Rabobank A.S. from Rabobank International Holding BV.	CI
06-24	Kaspi.kz Receives Turkish Regulatory Approval to Acquire Rabobank in Turkiye	MT

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	8,218,682	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	8.77%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	8,218,682	8,218,682	8,218,682
Change	-	-50.6%	37.18%	11.9%	-24.78%	22.74%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	7.67x	6.63x	5.6x
PBR	-	-	9.71x	6.22x	3.05x	2.82x	2.45x	2.14x
PEG	-	-	-	0.4x	2.39x	9.08x	0.4x	0.3x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.65x	1.46x	1.14x
EV / Revenue	0x	0x	0x	0x	0x	1.65x	1.46x	1.14x
EV / EBITDA	-	-	-	0x	0x	5.28x	4.44x	3.86x
EV / EBIT	0x	0x	0x	0x	0x	5.43x	4.78x	3.71x
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%	-	7.86%	8.62%	9.63%
EPS ²	-	-	4,381	5,431	5,592	5,639	6,519	7,728
Distribution rate	-	-	73%	62.6%	-	60.3%	57.2%	53.9%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	4,984,553	5,620,009	7,216,992
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	1,514,715	1,719,773	2,214,488
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,081,036	1,260,828	1,528,585
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	43,250.02	43,250.02	43,250.02
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

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.($)
INTUIT INC.	20.35x	4.09x	9.67x	1.48%	88.52B
ROBINHOOD MARKETS, INC.	45.22x	15.15x	28.44x	-.--%	84.07B
ADYEN N.V.	24.62x	7.19x	13.8x	-.--%	34.12B
AFFIRM HOLDINGS, INC.	63.25x	5.76x	20.04x	-.--%	26.16B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	42.16x	22.36x	36.56x	1.98%	26.03B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	6.38x	3.01x	7.15x	4.09%	22.88B
CIRCLE INTERNET GROUP, INC.	73.54x	4.48x	22.44x	-.--%	15.72B
FUTU HOLDINGS LIMITED	12.76x	-0.17x	-0.3x	-.--%	15.28B
BILLIONBRAINS GARAGE VENTURES LIMITED	38.26x	18.7x	29.36x	-.--%	12.62B
Average	36.28x	8.95x	18.57x	0.84%	36.16B
Weighted average by Cap.	34.34x	9.18x	18.67x	0.85%