Valuation Kaspi Bank Kazakhstan S.E.

Stocks

End-of-day quote Kazakhstan S.E. 23/10/2026			5-day change	1st Jan Change
41,399.97 ^KZT	-1.18%		-3.11%	+2.50%

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	7,721,351	-	-
Change	-	-50.6%	37.18%	18.68%	-19.97%	2.19%	-	-
Enterprise Value (EV)	11,739,956	5,799,411	7,955,362	8,902,249	6,695,841	7,721,351	7,721,351	7,721,351
Change	-	-50.6%	37.18%	11.9%	-24.78%	15.32%	0%	0%
P/E	-	-	9.57x	9.15x	7.08x	7.14x	6.29x	5.4x
PBR	-	-	9.71x	6.22x	3.05x	2.65x	2.3x	2.01x
PEG	-	-	-	0.4x	2.39x	4x	0.5x	0.3x
Capitalization / Revenue	12.5x	4.41x	4.16x	3.73x	1.87x	1.65x	1.42x	1.25x
EV / Revenue	0x	0x	0x	0x	0x	1.65x	1.42x	1.25x
EV / EBITDA	-	-	-	0x	0x	4.77x	4.21x	3.68x
EV / EBIT	0x	0x	0x	0x	0x	5.24x	4.6x	3.87x
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%	-	8.86%	9.64%	10.9%
EPS ²	-	-	4,381	5,431	5,592	5,692	6,465	7,520
Distribution rate	-	-	73%	62.6%	-	63.2%	60.6%	58.8%
Net sales ¹	936,803	1,315,552	1,913,490	2,532,156	4,046,074	4,665,890	5,421,322	6,182,001
EBITDA ¹	-	-	-	2,041,856	1,556,372	1,617,126	1,834,285	2,095,532
EBIT ¹	528,802	720,574	1,022,004	1,282,289	1,331,918	1,474,816	1,677,681	1,996,920
Net income ¹	435,214	588,844	848,770	1,056,834	1,067,707	1,093,394	1,244,579	1,441,678
Net Debt	-	-	-	-538,837	-859,933	-	-	-
Reference price ²	61,086.04	30,379.47	41,939.96	49,685.81	39,603.71	40,632.86	40,632.86	40,632.86
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 (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
INTUIT INC.	16.71x	3.55x	7.89x	1.6%	90.83B
ROBINHOOD MARKETS, INC.	42.82x	14.64x	27.13x	-.--%	83.47B
ADYEN N.V.	23.98x	6.99x	13.43x	-.--%	32.69B
HITHINK ROYALFLUSH INFORMATION NETWORK CO., LTD.	37.23x	18.7x	31.52x	2.25%	23.52B
AFFIRM HOLDINGS, INC.	34.62x	3.69x	11.88x	-.--%	23.45B
CIRCLE INTERNET GROUP, INC.	71.83x	5.86x	24.83x	-.--%	20.37B
FIDELITY NATIONAL INFORMATION SERVICES, INC.	5.5x	2.79x	6.64x	4.7%	19.01B
KASPI BANK	7.14x	-	-	8.86%	17.13B
FUTU HOLDINGS LIMITED	10.89x	-1.24x	-2.19x	-.--%	14.21B
Average	27.86x	6.87x	15.14x	1.93%	36.07B
Weighted average by Cap.	28.98x	7.98x	16.39x	1.35%