Kaspi.kz JSC - ADR
KSPI
Market Cap$20.68B
Close$
Earnings Call Q2 2025
August 4, 2025 - AI Summary
Strong Q2 Performance Across Segments: Kaspi.kz reported considerable growth in Q2 2025, with total payment volume (TPV) increasing by 21%, revenue up 16%, and net income rising by 19%. The marketplace achieved gross merchandise volume (GMV) growth of 15% and revenue growth of 25%, while fintech volumes grew by 17%, with revenues up 21%.
E-Grocery as a Growth Leader: The e-grocery segment remains the fastest-growing area, with GMV increasing by 57% YoY and transactions up 63%. The service now expands to five major cities and aims for further growth through additional logistics centers.
Smartphone Sales Decline: Smartphone sales faced a significant setback, decreasing by 17% YoY due to regulatory requirements for registration. This is viewed as a temporary hurdle, with confidence that consumer demand for smartphones will rebound as the company offers services to ease registration concerns.
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Share Statistics
| Market cap | $20.68 Billion |
|---|---|
| Enterprise Value | $-465,796,100,345.00 |
| Dividend Yield | $7.46 (5.31%) |
| Earnings per Share | $4431 |
| Beta | -0.1 |
| Outstanding Shares | 189,929,140 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 10.29 |
|---|---|
| PEG | 169.76 |
| Price to Sales | 0.01 |
| Price to Book Ratio | 0.01 |
| Enterprise Value to Revenue | -0.15 |
| Enterprise Value to EBIT | -0.3 |
| Enterprise Value to Net Income | -1 |
| Total Debt to Enterprise | -1.27 |
| Debt to Equity | 0.3 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Kaspi.kz JSC
CEO: Mikhail Lomtadze Kaspi.kz JSC provides retail financial and investment services. It offers online loans, deposits, and money transfers. The company was founded on October 16, 2008 and is headquartered in Almaty, Kazakhstan.