KSPI

Joint Stock Company Kaspi.kz

Technology · $18.2B market cap

Verdict

We can't put a fair value on KSPI right now.

Business quality

2 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth—?
Equity per share growth—?
Sales growth40.9% a year✓
Free cash flow growth9.9% a year✗
Return on invested capital50.6%✓

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Superinvestors

7 of the investors we track hold KSPI. In Q2 2026, 2 opened a position, 2 added and 1 trimmed. Who we track

Moves in Q2 2026

New position: Mohnish Pabrai, Prem Watsa

Added: Richard Pzena, Dodge & Cox Funds

Trimmed: Mason Hawkins

Insider activity

Since Sep 1, 2026: no open-market purchases and 20 sales. Why purchases matter

Sales

About Joint Stock Company Kaspi.kz

Joint Stock Company Kaspi.kz, established in 2008 and based in Almaty, Kazakhstan, operates alongside its subsidiaries to deliver a comprehensive suite of digital services encompassing payments, e-commerce, and financial technology. These offerings cater to both individual consumers and a diverse range of merchants. The company's operations are structured around three core platforms: Payments, Marketplace, and…

Software - Infrastructure

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works