Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. 24/08/2026			5-day change	1st Jan Change
47,600.00 ^KZT	+1.62%		+3.39%	+17.85%

11/08	Joint Stock Company Kaspi.Kz Proposes Quarterly Dividend	CI
11/08	Joint Stock Company Kaspi.kz Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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	9,249,699	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	22.42%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	9,249,699	9,249,699	9,249,699
Change	-	-50.6%	37.18%	11.9%	-24.78%	38.14%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	8.29x	7.33x	6.29x
PBR	-	-	9.71x	6.22x	3.05x	3.17x	2.75x	2.41x
PEG	-	-	-	0.4x	2.39x	1.68x	0.6x	0.4x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.93x	1.65x	1.36x
EV / Revenue	0x	0x	0x	0x	0x	1.93x	1.65x	1.36x
EV / EBITDA	-	-	-	0x	0x	5.77x	5.09x	4.38x
EV / EBIT	0x	0x	0x	0x	0x	6.15x	5.33x	4.22x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	3,200	3,400	-	3,700	3,939	4,459
Rate of return	-	-	7.63%	6.84%	-	7.6%	8.09%	9.16%
EPS ²	-	-	4,381	5,431	5,592	5,868	6,641	7,741
Distribution rate	-	-	73%	62.6%	-	63.1%	59.3%	57.6%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	4,780,955	5,604,007	6,822,582
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	1,504,814	1,736,063	2,193,935
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,119,929	1,289,201	1,533,552
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	48,675.64	48,675.64	48,675.64
Nbr of stocks (in thousands)	192,187	190,899	189,685	190,016	190,785	190,027	-	-
Announcement Date	28/2/22	27/2/23	26/2/24	24/2/25	2/3/26	-	-	-

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
INTUIT INC.	23.08x	4.65x	10.98x	1.3%	100B
ROBINHOOD MARKETS, INC.	52.19x	17.69x	33.1x	-.--%	97.22B
ADYEN N.V.	27.92x	8.64x	16.62x	-.--%	39.58B
AFFIRM HOLDINGS, INC.	62.2x	5.67x	19.72x	-.--%	25.8B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	39.22x	19.65x	32.61x	2.21%	24.87B
CIRCLE INTERNET GROUP, INC.	83.01x	6.58x	27.97x	-.--%	22.34B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	6.21x	2.97x	7.05x	4.35%	21.32B
KASPI BANK	8.24x	-	-	7.65%	20.06B
FUTU HOLDINGS LIMITED	12.81x	-0.27x	-0.49x	-.--%	17.33B
Average	34.99x	8.19x	18.45x	1.72%	40.99B
Weighted average by Cap.	36.46x	9.65x	20.25x	1.17%