Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. 2026-10-06			5-day change	1st Jan Change
96.99 ^USD	+0.59%		+1.55%	+20.50%

09-10	Joint Stock Company Kaspi.Kz Approves Dividend, Payable on 09 September 2026	CI
08-28	The emerging market that has outperformed the Nasdaq 100 over the past 10 years

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	8,007,272	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	5.98%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	8,007,272	8,007,272	8,007,272
Change	-	-50.6%	37.18%	11.9%	-24.78%	19.59%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	7.3x	6.35x	5.39x
PBR	-	-	9.71x	6.22x	3.05x	2.75x	2.38x	2.09x
PEG	-	-	-	0.4x	2.39x	2.27x	0.4x	0.3x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.7x	1.45x	1.25x
EV / Revenue	0x	0x	0x	0x	0x	1.7x	1.45x	1.25x
EV / EBITDA	-	-	-	0x	0x	5x	4.4x	3.79x
EV / EBIT	0x	0x	0x	0x	0x	5.35x	4.65x	3.86x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	3,200	3,400	-	3,600	3,939	4,459
Rate of return	-	-	7.63%	6.84%	-	8.54%	9.35%	10.6%
EPS ²	-	-	4,381	5,431	5,592	5,772	6,638	7,819
Distribution rate	-	-	73%	62.6%	-	62.4%	59.3%	57%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	4,722,015	5,525,530	6,388,382
EBITDA ¹	-	-	-	2,041,856	1,556,372	1,601,769	1,818,823	2,113,110
EBIT ¹	528,802	720,574	1,022,004	1,282,289	1,331,918	1,497,481	1,720,624	2,075,582
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,113,133	1,288,475	1,527,049
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	42,137.49	42,137.49	42,137.49
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.($)
ROBINHOOD MARKETS, INC.	50.71x	17.51x	32.51x	-.--%	98.02B
INTUIT INC.	14.92x	3.12x	6.94x	1.81%	80.91B
ADYEN N.V.	23.01x	6.45x	12.41x	-.--%	31.32B
AFFIRM HOLDINGS, INC.	40.24x	4.38x	14.06x	-.--%	27.23B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	35.22x	17.74x	29.09x	2.42%	22.52B
CIRCLE INTERNET GROUP, INC.	78.07x	6.29x	26.83x	-.--%	21.56B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	5.08x	2.68x	6.38x	5.27%	17.55B
KASPI BANK	7.3x	-	-	8.54%	17.67B
FUTU HOLDINGS LIMITED	12.22x	-0.7x	-1.24x	-.--%	15.94B
Average	29.64x	7.18x	15.87x	2%	36.97B
Weighted average by Cap.	32.71x	9.08x	18.55x	1.33%