Indicators
Indicators
Value
Direction
MACD(12,26,9)
0.428
Buy
RSI(14)
53.999
Neutral
STOCH(KDJ)(9,3,3)
54.356
Neutral
ATR(14)
2.307
Low Volatility
CCI(14)
-4.216
Neutral
Williams %R
41.467
Buy
TRIX(12,20)
0.121
Sell
StochRSI(14)
88.266
Overbought
Kaspi.kz AO
KSPI76.435USD
-0.235-0.31%
Close 12/15, 16:00（ET）Quotes delayed by 15 min
14.52BMarket Cap
7.25P/E TTM
TradingKey Stock Score
Overall Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
Peer Comparison
TradingKey Stock Score of Kaspi.kz AO
Currency: USD Updated: 2025-12-12Key Insights
Kaspi.kz AO's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 18/72 in the Financial Technology (Fintech) & Infrastructure industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 115.00.In the medium term, the stock price is expected to trend down.Despite an average stock market performance over the past month, the company shows strong fundamentals and technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
Kaspi.kz AO's Score
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
6
analysts
Buy
Current Rating
115.000
Target Price
+54.51%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Kaspi.kz AO Highlights
StrengthsRisks
Kaspi.kz AO (Joint Stock Company Kaspi.kz), formerly Aktsionernoe obshchestvo kaspi, is a Kazakhstan-based financial technology company, which provide a range of services such as online payments, e-commerce, and digital banking. The Company operates as holding company for Kaspi Group AO and Kaspi Magazin TOO. The Company operates through two segments. Mass retail offers a wide range of products and financial services to retail customers through a network of branches, offices, and automated teller machine (ATM). These products include savings and current accounts, credit cards, car loans and commodity loans, as well as a wide range of insurance policies. Financial services for corporate, middle, and small, and other businesses segment, including deposits, overdrafts, loans and other credit services and currency exchange.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 107.42% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 3.49B.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 62.14%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 62.14%.
Undervalued
The company’s latest PB is 3.52, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 81.16M shares, decreasing 16.01% quarter-over-quarter.
Held by Azvalor Blue Chips FI
Star Investor Azvalor Blue Chips FI holds 5.83K shares of this stock.
Financial Health
Currency: USD Updated: 2025-12-12The current financial score of Kaspi.kz AO is 8.82, ranking 7/72 in the Financial Technology (Fintech) & Infrastructure industry. Its financial status is stable, and its operating efficiency is high. Its latest quarterly revenue reached 1.15B, representing a year-over-year increase of 26.48%, while its net profit experienced a year-over-year increase of 1.70%.
Score
Financials
6.90
Key Metrics
Cash and cash equivalents
Total assets
Total liabilities
Free cash flow
Relevant data have not been disclosed by the company yet.
Quality of Earnings
9.43
Operational Efficiency
10.00
Growth Potential
10.00
Shareholder Returns
7.79
Kaspi.kz AO's Company Valuation
Currency: USD Updated: 2025-12-12The current valuation score of Kaspi.kz AO is 6.98, ranking 54/72 in the Financial Technology (Fintech) & Infrastructure industry. Its current P/E ratio is 7.27, which is 83.35% below the recent high of 13.33 and 11.49% above the recent low of 6.43.
Score
Valuation Dimensions
P/E
P/B
P/S
P/CF
Industry Ranking 18/72
Relevant data have not been disclosed by the company yet.
Earnings Forecast
Currency: USD Updated: 2025-12-12The current earnings forecast score of Kaspi.kz AO is 8.33, ranking 9/72 in the Financial Technology (Fintech) & Infrastructure industry. The average price target for Kaspi.kz AO is 115.00, with a high of 149.00 and a low of 88.00.
Score
Support & Resistance
Relevant data have not been disclosed by the company yet.
Analyst Rating
Based on
6
analysts
Buy
Current Rating
115.000
Target Price
+54.51%
Upside Space
Strong Buy
Buy
Hold
Sell
Strong Sell
Peer Comparison
36
Total
6
Median
8
Average
Company name
Ratings
Analysts
Kaspi.kz AO
KSPI
6
Intuit Inc
INTU
33
Affirm Holdings Inc
AFRM
27
Fidelity National Information Services Inc
FIS
26
Circle Internet Group Inc
CRCL
25
Robinhood Markets Inc
HOOD
25
1
2
3
...
7
Financial Forecasting
EPS
Revenue
Net Profit
EBIT
Relevant data have not been disclosed by the company yet.
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
Price Momentum
Currency: USD Updated: 2025-12-12The current price momentum score of Kaspi.kz AO is 6.98, ranking 40/72 in the Financial Technology (Fintech) & Infrastructure industry. Currently, the stock price is trading between the resistance level at 80.62 and the support level at 71.67, making it suitable for range-bound swing trading.
Score
Support & Resistance
Relevant data have not been disclosed by the company yet.
Indicators
The Indicators feature provides value and direction analysis for various instruments under a selection of technical indicators, together with a technical summary.
This feature includes nine of the commonly used technical indicators: MACD, RSI, KDJ, StochRSI, ATR, CCI, WR, TRIX and MA. You may also adjust the timeframe depending on your needs.
Please note that technical analysis is only part of investment reference, and there is no absolute standard for using numerical values to assess direction. The results are for reference only, and we are not responsible for the accuracy of the indicator calculations and summaries.
Moving Average
Indicators
Value
Direction
MA5
75.743
Buy
MA10
76.213
Buy
MA20
74.867
Buy
MA50
74.709
Buy
MA100
81.391
Sell
MA200
84.542
Sell
Institutional Confidence
Currency: USD Updated: 2025-12-12The current institutional shareholding score of Kaspi.kz AO is 3.00, ranking 32/72 in the Financial Technology (Fintech) & Infrastructure industry. The latest institutional shareholding proportion is 42.71%, representing a quarter-over-quarter decrease of 54.67%. The largest institutional shareholder is Baillie Gifford, holding a total of 4.79M shares, representing 2.52% of shares outstanding, with 9.01% decrease in holdings.
Score
Institutional Shareholding
Relevant data have not been disclosed by the company yet.
Shareholder Activity
Name
Shares Held
Chg %
Lomtadze (M)
Kim (Vyacheslav Konstantinovich)
Fintech Partners Ltd
Asia Equity Partners Ltd
Baring Fintech Fund III Managers Ltd
European Investors Ltd
Fidelity International
1
2
Risk Assessment
Currency: USD Updated: 2025-12-12The current risk assessment score of Kaspi.kz AO is 7.12, ranking 6/72 in the Financial Technology (Fintech) & Infrastructure industry. The company's beta value is 0.00. This indicates that the stock tends to underperform the index during upward trending markets but experiences smaller declines during downward trending markets.
Score
Beta vs S&P 500 index
0.01
VaR
--
240-Day Maximum Drawdown
+35.35%
240-Day Volatility
+39.31%
Return
Best Daily Return
60 days
+4.47%
120 days
+13.80%
5 years
--
Worst Daily Return
60 days
-2.96%
120 days
-4.63%
5 years
--
Sharpe Ratio
60 days
-2.39
120 days
-0.20
5 years
--
Risk Assessment
Maximum Drawdown
240 days
+35.35%
3 years
--
5 years
--
Return-to-Drawdown Ratio
240 days
-0.58
3 years
--
5 years
--
Skewness
240 days
+0.91
3 years
--
5 years
--
Volatility
Realised Volatility
240 days
+39.31%
5 years
--
Standardised True Range
240 days
+3.87%
5 years
--
Downside Risk-Adjusted Return
120 days
-40.02%
240 days
-40.02%
Maximum Daily Upside Volatility
60 days
+23.54%
Maximum Daily Downside Volatility
60 days
+19.63%
Liquidity
Average Turnover Rate
60 days
+0.16%
120 days
+0.16%
5 years
--
Turnover Deviation
20 days
--
60 days
--
120 days
--
Peer Comparison
Financial Technology (Fintech) & Infrastructure
Kaspi.kz AO
KSPI
7.33 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
ACI Worldwide Inc
ACIW
8.46 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
PROG Holdings Inc
PRG
8.35 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
Fidelity National Information Services Inc
FIS
8.29 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
I3 Verticals Inc
IIIV
8.03 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
Intuit Inc
INTU
8.00 /10
Score
Financial Health
Valuation Dimensions
Earnings Forecast
Price Momentum
Institutional Confidence
Risk Assessment
View more
FAQs
How does TradingKey generate the Stock Score of Kaspi.kz AO?
The TradingKey Stock Score provides a comprehensive assessment of Kaspi.kz AO based on 34 indicators derived from over 100 underlying data points. These indicators are categorised into six key dimensions: financial health, company profile, earnings forecasts, price momentum, institutional confidence, and risk assessment, collectively providing investors with a thorough analysis of Kaspi.kz AO’s performance and outlook.
How do we generate the financial health score of Kaspi.kz AO?
To generate the financial health score of Kaspi.kz AO, we analyse various key financial indicators across several core dimensions, including financial fundamentals, earnings quality, operational efficiency, growth potential, and shareholder returns. By integrating these comprehensive data, the financial health score not only reflects Kaspi.kz AO's overall stability, operational efficiency, and growth potential but also captures the investment returns delivered to shareholders. This score aims to support rational decision-making for investors and other stakeholders. A higher score indicates a better financial health of Kaspi.kz AO.
How do we generate the company valuation score of Kaspi.kz AO?
To generate the company valuation score of Kaspi.kz AO, we use several key financial ratios, including P/E, P/B, P/S, and P/CF. These metrics compare Kaspi.kz AO’s market value to its earnings, assets, sales, and cash flow, serving as core indicators for assessing company value. By analysing these ratios in an all-round manner, the valuation score reflects not only the market’s current perception of Kaspi.kz AO’s value but also its future profitability and growth potential, thereby supporting more informed investment decisions. A higher score indicates a fairer valuation of Kaspi.kz AO.
How do we generate the earnings forecast score of Kaspi.kz AO?
To calculate the earnings forecast score of Kaspi.kz AO, we consider various key indicators such as analyst ratings, financial forecasts, support and resistance levels, and peer comparisons:Current ratings and price targets directly reflect analysts’ expectations, while the upside space indicates their views on the stock’s growth potential.Financial metrics like earnings per share (EPS), revenue, net income, and earnings before interest and taxes (EBIT) are core measures for assessing profitability.By analysing the high, median, and low ranges of the target price, we can identify price trends and determine key support and resistance levels.Comparing these indicators against peers provides context for the stock’s performance and helps
anchor more realistic expectations.These factors together form a comprehensive earnings forecast score that accurately reflects the stock’s expected financial performance and growth potential. A higher score suggests that analysts have a more optimistic outlook on Kaspi.kz AO’s future.
How do we generate the price momentum score of Kaspi.kz AO?
When generating the price momentum score for Kaspi.kz AO, we examine momentum indicators including support and resistance levels as well as volume metrics.Support levels represent price points where buying interest is strong enough to prevent further declines, while resistance levels indicate prices where selling pressure may hinder upward movement. By analysing typical price volume alongside total volume, we assess overall market activity and liquidity. These indicators help identify price trends and potential shifts, enabling more accurate predictions of future earnings.This comprehensive approach can reflect market sentiment and enable rational forecasts of Kaspi.kz AO’s prices. A higher score indicates a more stable short-term price trend for Kaspi.kz AO.
How do we generate the institutional confidence score of Kaspi.kz AO?
To generate the institutional confidence score of Kaspi.kz AO, we analyse both the proportion of shares held by institutions and the number of shares they own. A higher institutional ownership percentage indicates strong confidence of professional investors, which is generally a positive signal about Kaspi.kz AO’s potential. By examining the number of shares held, we gain deeper insight into institutions’ commitment and attitude toward the stock, as institutional investors typically conduct thorough analysis before making investment decisions. Understanding institutional confidence helps us refine earnings forecasts and provides a more reliable perspective on the company’s future performance and market stability. A higher score indicates greater institutional endorsement of Kaspi.kz AO.
How do we generate the risk management score of Kaspi.kz AO?
To assess the risk management score of Kaspi.kz AO, we examine multiple key indicators related to returns, risk, volatility, and liquidity.The highest and lowest daily returns reflect the potential size of gains and losses, while the Sharpe ratio measures risk-adjusted return performance. On the risk side, we analyse maximum drawdown and the return-to-drawdown ratio to identify extreme loss scenarios. Skewness helps assess the distribution of returns and whether performance may be biased. Volatility indicators—such as realised volatility and standardised true range—reveal price fluctuations. Downside risk-adjusted returns provide insight into potential losses and gains. Lastly, liquidity metrics like average turnover rate and turnover deviation indicate how actively the stock is traded.These indicators together provide a multi-dimensional understanding of Kaspi.kz AO’s risk-return profile, serving as core factors of the risk management score. A higher score indicates lower risk on the side of Kaspi.kz AO.
