Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. 16/10/2026			5-day change	1st Jan Change
43,399.79 ^KZT	+0.46%		+2.12%	+7.45%

10/09	Joint Stock Company Kaspi.Kz Approves Dividend, Payable on 09 September 2026	CI
28/08	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	1,17,39,956	57,99,411	79,55,362	94,41,086	75,55,774	80,11,415	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	6.03%	-	-
Enterprise Value (EV)	1,17,39,956	57,99,411	79,55,362	89,02,249	66,95,841	80,11,415	80,11,415	80,11,415
Change	-	-50.6%	37.18%	11.9%	-24.78%	19.65%	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	5.07x	4.44x	3.9x
EV / EBIT	0x	0x	0x	0x	0x	5.39x	4.68x	3.9x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	-	-	3,200	3,400	-	3,600	3,915	4,423
Rate of return	-	-	7.63%	6.84%	-	8.54%	9.29%	10.5%
EPS ²	-	-	4,381	5,431	5,592	5,772	6,638	7,819
Distribution rate	-	-	73%	62.6%	-	62.4%	59%	56.6%
Net sales ¹	9,36,803	13,15,552	19,13,490	25,32,156	40,46,074	47,22,015	55,25,530	63,88,382
EBITDA ¹	-	-	-	20,41,856	15,56,372	15,78,638	18,02,464	20,55,626
EBIT ¹	5,28,802	7,20,574	10,22,004	12,82,289	13,31,918	14,85,916	17,12,064	20,55,970
Net income ¹	4,35,214	5,88,844	8,48,770	10,56,834	10,67,707	11,13,133	12,88,475	15,27,049
Net Debt	-	-	-	-5,38,837	-8,59,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	42,159.29	42,159.29	42,159.29
Nbr of stocks (in thousands)	1,92,187	1,90,899	1,89,685	1,90,016	1,90,785	1,90,027	-	-
Announcement Date	28/02/22	27/02/23	26/02/24	24/02/25	02/03/26	-	-	-

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.($)
ROBINHOOD MARKETS, INC.	45.92x	15.74x	29.22x	-.--%	8.89TCr
INTUIT INC.	15.99x	3.38x	7.51x	1.67%	8.69TCr
ADYEN N.V.	24.59x	7.12x	13.7x	-.--%	3.36TCr
AFFIRM HOLDINGS, INC.	36.95x	3.97x	12.77x	-.--%	2.5TCr
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	35.56x	17.92x	29.4x	2.4%	2.28TCr
CIRCLE INTERNET GROUP, INC.	75.11x	6.08x	25.96x	-.--%	2.1TCr
FIDELITY NATIONAL INFORMATION SERVICES, INC.	5.37x	2.76x	6.56x	4.81%	1.86TCr
KASPI BANK	7.3x	-	-	8.54%	1.77TCr
FUTU HOLDINGS LIMITED	11.34x	-1.06x	-1.87x	-.--%	1.48TCr
Average	28.68x	6.99x	15.41x	1.94%	3.66TCr
Weighted average by Cap.	30.39x	8.35x	17.14x	1.34%