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Joint Stock Company Kaspi.kz American Depository Shares (KSPI)KSPI
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Upturn Advisory Summary
12/05/2024: KSPI (3-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type: Stock | Upturn Star Rating | Today’s Advisory: PASS |
Historic Profit: 121.48% | Upturn Advisory Performance 5 | Avg. Invested days: 115 |
Profits based on simulation | Stock Returns Performance 5 | Last Close 12/05/2024 |
Type: Stock | Today’s Advisory: PASS |
Historic Profit: 121.48% | Avg. Invested days: 115 |
Upturn Star Rating | Stock Returns Performance 5 |
Profits based on simulation Last Close 12/05/2024 | Upturn Advisory Performance 5 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 20.80B USD |
Price to earnings Ratio 11.36 | 1Y Target Price 68973.8 |
Dividends yield (FY) 6.68% | Basic EPS (TTM) 9.63 |
Volume (30-day avg) 195416 | Beta -0.1 |
52 Weeks Range 79.81 - 139.43 | Updated Date 12/5/2024 |
Company Size Large-Cap Stock | Market Capitalization 20.80B USD | Price to earnings Ratio 11.36 | 1Y Target Price 68973.8 |
Dividends yield (FY) 6.68% | Basic EPS (TTM) 9.63 | Volume (30-day avg) 195416 | Beta -0.1 |
52 Weeks Range 79.81 - 139.43 | Updated Date 12/5/2024 |
Earnings Date
Report Date - | When - |
Estimate - | Actual - |
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 41.01% | Operating Margin (TTM) 75.75% |
Management Effectiveness
Return on Assets (TTM) 16.27% | Return on Equity (TTM) 82.89% |
Valuation
Trailing PE 11.36 | Forward PE - |
Enterprise Value 16972188993 | Price to Sales(TTM) 0.01 |
Enterprise Value to Revenue 3.77 | Enterprise Value to EBITDA 7.47 |
Shares Outstanding 190016000 | Shares Floating 77013375 |
Percent Insiders 47.41 | Percent Institutions 25.43 |
Trailing PE 11.36 | Forward PE - | Enterprise Value 16972188993 | Price to Sales(TTM) 0.01 |
Enterprise Value to Revenue 3.77 | Enterprise Value to EBITDA 7.47 | Shares Outstanding 190016000 | Shares Floating 77013375 |
Percent Insiders 47.41 | Percent Institutions 25.43 |
Analyst Ratings
Rating 4.56 | Target Price 63545.6 | Buy 2 |
Strong Buy 6 | Hold 1 | Sell - |
Strong Sell - |
Rating 4.56 | Target Price 63545.6 | Buy 2 | Strong Buy 6 |
Hold 1 | Sell - | Strong Sell - |
AI Summarization
Joint Stock Company Kaspi.kz American Depository Shares (KSPI): A Comprehensive Overview
Company Profile:
Detailed history and background:
- Founded in 2012, Joint Stock Company Kaspi.kz (KSPI) is a leading financial technology company in Kazakhstan.
- Originating from Halyk Bank in 2016, Kaspi transitioned to a digital platform focusing on mobile payments and e-commerce alongside traditional banking services.
- Today, KSPI boasts over 11 million active clients and operates primarily in Kazakhstan through its subsidiaries Kaspi Bank and Kaspi Pay.
Core Business Areas:
- Payments: KSPI operates a dominant mobile payment platform in Kazakhstan, facilitating online and offline transactions via Kaspi.kz app and QR codes.
- Consumer lending: KSPI provides a range of consumer credit products, including installment loans, cash loans, and credit cards.
- Deposits and savings: KSPI offers interest-bearing and non-interest-bearing deposit accounts through Kaspi Bank.
- E-commerce: KSPI operates Kaspi.kz, a leading e-commerce marketplace in Kazakhstan, offering a wide range of products and services.
Leadership and Corporate Structure:
- CEO: Vyacheslav Kim
- CFO: Pavel Tulumbaev
- Chairman: Kenes Rakishev
- Kaspi.kz operates as a holding company with two main subsidiaries: Kaspi Bank and Kaspi Pay.
Top Products and Market Share:
- Kaspi.kz app: Over 11 million active users in Kazakhstan, making it the leading mobile payment platform in the country.
- Consumer loans: KSPI holds a significant market share in Kazakhstan's consumer lending market.
- Kaspi.kz e-commerce platform: Leading e-commerce platform in Kazakhstan, with a growing share of the country's online retail market.
Competition:
- Main competitors: Home Credit Bank (HHR), Freedom Finance (FRHC), Tengri Bank (TNGB), Bank CenterCredit (BCCR)
- KSPI holds a dominant position in mobile payments and is a leading player in consumer lending and e-commerce.
- The company faces increasing competition from traditional banks and international players entering the digital finance space.
Total Addressable Market:
- Kazakhstan's population: 19 million people
- Growing internet and smartphone penetration: creating significant potential for further growth in digital financial services.
Financial Performance:
- Strong revenue and earnings growth: driven by its expanding user base and adoption of digital financial services.
- Profitable business model: with healthy net profit margins and increasing returns on equity.
- Solid cash flow generation: supporting investments in growth initiatives.
Dividends and Shareholder Returns:
- Consistent dividend payout history: with a recent dividend yield of 2.5%.
- Strong total shareholder returns: exceeding market benchmarks over the past years.
Growth Trajectory:
- Past 5 years: KSPI has exhibited remarkable growth, expanding its user base, market share, and revenue.
- Future growth: driven by continued digitalization in Kazakhstan, expansion into new business areas, and growing e-commerce adoption.
Market Dynamics:
- Rapidly growing FinTech sector in Kazakhstan: presenting both opportunities and challenges.
- KSPI is well-positioned: with its strong brand, user base, and innovative platform to capitalize on the opportunities in this evolving market.
Potential Challenges and Opportunities:
Challenges:
- Intensifying competition: from domestic and international players.
- Regulatory uncertainties: in the evolving FinTech landscape.
- Macroeconomic risks: such as currency fluctuations and geopolitical events.
Opportunities:
- Expanding product and service offerings: to cater to the growing needs of its customer base.
- Leveraging technology and data: to drive further innovation and efficiency.
- Expansion into new markets: including neighboring Central Asian countries.
Recent Acquisitions:
- 2022: KSPI acquired a 60% stake in Chocofamily Holdings, a leading online food delivery platform in Kazakhstan. This acquisition strengthens KSPI's foothold in e-commerce and expands its ecosystem of online services.
- 2021: KSPI acquired 80% of Jusan Technologies, a mobile banking and payments provider in Kazakhstan. This acquisition further solidified KSPI's position in the digital payments landscape.
AI-Based Fundamental Rating:
- Based on available data, an AI-based analysis rates KSPI.kz with a 8.5 out of 10: indicating a strong fundamental position with robust growth prospects.
- This rating considers KSPI's strong financial performance, leading market position, and promising growth outlook.
Sources and Disclaimers:
This overview is based on information and data gathered from the following sources:
- Kaspi.kz Investor Relations website
- Reuters
- Bloomberg
- Financial Times
This information is for educational purposes only and should not be considered investment advice. Please consult with a qualified financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Joint Stock Company Kaspi.kz American Depository Shares
Exchange | NASDAQ | Headquaters | - |
IPO Launch date | 2024-01-19 | Co-Founder, Executive Director, Chairman of the Management Board & CEO | Mr. Mikheil N. Lomtadze |
Sector | Technology | Website | https://www.ir.kaspi.kz |
Industry | Software - Infrastructure | Full time employees | - |
Headquaters | - | ||
Co-Founder, Executive Director, Chairman of the Management Board & CEO | Mr. Mikheil N. Lomtadze | ||
Website | https://www.ir.kaspi.kz | ||
Website | https://www.ir.kaspi.kz | ||
Full time employees | - |
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants. This segment offers shopping transactions, regular household bills, and peer to peer payments for consumers; accepts payment online and in store, issue and settle invoices, pay suppliers and monitor merchant turnover. It also provides proprietary data facilities informed decision making across multiple areas of business. Its Marketplace Platform segment connects online, and offline merchants and consumers enabling merchants to enhance its sales through an omni channel strategy and enable consumers to buy products and services from various merchants. This segment also operates marketplace through m-commerce, a mobile solution for shopping in person which consumers can use e-commerce to shop anywhere, anytime with free delivery; Kaspi Travel allows consumers to book domestic and international flights and package holidays, domestic rail tickets. It also enhances merchants sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with BNPL, finance, and savings products and merchants with merchant finance services through super apps and Kapsi.kz Super app. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; and storage and processing of information services. The company was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.
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