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A.I.Advisor
published price charts
A.I.Advisor
Nov 05, 2026

Kaspi.kz (KSPI) Stock Analysis: A Fintech Super-App Trading at a Single-Digit Earnings Multiple

Key Takeaways

  • Kaspi.kz (KSPI) closed at $95.42, a modest gain of roughly 2.4% over the trailing 30 days, keeping the stock within a relatively tight consolidation range.
  • The company operates a Kazakhstan-based "super-app" spanning payments, marketplace, and fintech, with an expanding footprint in Turkey through its Hepsiburada acquisition.
  • Shares trade near a trailing price-to-earnings ratio of about 8.8 and carry a forward dividend yield around 6%, reflecting a low-multiple, income-oriented profile.
  • Third-quarter and nine-month 2026 results are scheduled for release on November 9, 2026, making the upcoming earnings report a key near-term catalyst.
  • Analyst consensus is a Moderate Buy, with the majority of coverage falling in the Buy category and a 52-week range of $68.59 to $109.94.
  • For deeper detail, explore Price Targets, Earnings, and Forecast pages for KSPI.
  • To see how automated strategies are positioning across the market, explore Trending AI Robots.

Current Market Snapshot

Kaspi.kz shares have traded in a measured range over the past month, closing near $95.42 after moving from roughly $93.16 thirty days earlier. That represents an increase of about 2.4%, a comparatively quiet stretch relative to the stock's wider multi-month swings. The shares remain well above their 52-week low of $68.59 but notably below the 52-week high of $109.94, reflecting a market that has priced in a mix of growth optimism and concerns around funding costs, regulatory developments, and currency exposure in emerging markets.

With a trailing P/E near 8.8 and a forward dividend yield of approximately 6%, the stock presents a distinct valuation profile versus many higher-multiple fintech peers. Sentiment has steadied heading into the November 9 earnings release, with analyst consensus at a Moderate Buy and a majority of ratings classified as Buy.

Kaspi.kz (KSPI) Business Overview and Competitive Position

Joint Stock Company Kaspi.kz, headquartered in Almaty, Kazakhstan, runs an integrated consumer and merchant ecosystem organized around three segments: Payments, Marketplace, and Fintech. Its super-app combines digital payments, e-commerce, travel booking, buy-now-pay-later financing, savings products, and merchant services in a single platform. The company has deep penetration in Kazakhstan and operates across Azerbaijan and Ukraine, with an accelerating international push into Turkey following its acquisition of e-commerce platform Hepsiburada.

Kaspi.kz is distinguished by its scale of engagement, proprietary transaction data, and strong profitability. A large share of Kazakhstan's population uses the platform monthly, and the company reports healthy net income margins, a low beta of about 0.23, and a robust return on equity. Investors follow the stock closely because of this dominant domestic position, its high dividend yield, and the optionality represented by its Turkish expansion and newer AI-driven shopping features.

Recent Developments Driving KSPI

The most important near-term event is the scheduled release of third-quarter and nine-month 2026 financial results on November 9, 2026. The company has also been integrating its Kasper AI shopping assistant, launched to drive product recommendations and engagement within the marketplace, and it continues to build out cross-border payment capabilities, including an initiative with Alipay+ enabling international QR payments in Kazakhstan.

Analyst commentary during the period has highlighted both opportunity and caution. Some research notes have trimmed price targets while citing regulatory headwinds and a still-elevated funding-cost environment, even as the company's valuation is described as discounted relative to historical earnings multiples. The interest-rate cycle in Kazakhstan remains a swing factor, with management having begun to lower deposit rates while noting the full margin benefit may not materialize until early 2027. Payments growth has moderated as inflation cools, while the marketplace take rate and higher-yield fintech lending mix have provided offsets.

Trending AI Robots

Tickeron's Trending AI Robots page showcases a curated selection of automated trading strategies from a broader library of hundreds of AI-powered bots that monitor thousands of tickers. Only the top-performing and most relevant bots appear in this section, giving visitors a focused view of strategies that are currently demonstrating strength. The bots vary by trading approach, timeframe, and performance metrics, so investors can evaluate options that align with different risk preferences and horizons. Exploring the page offers a practical way to see how data-driven systems are positioning across the market.

2026 Outlook and What Investors Should Watch

Looking ahead, the November 9 earnings report is the clearest immediate catalyst, with attention on revenue growth, margin progression, and any update to the full-year EBITDA growth target. Investors will also monitor the rollout and monetization of Kasper AI, the trajectory of the Hepsiburada integration in Turkey, and the pace at which easing funding costs translate into margin relief.

Broader risk factors include currency volatility in emerging markets, regulatory changes in Kazakhstan and Turkey, and a slowdown in payment-volume growth as inflation moderates. The balance between these headwinds and the company's low valuation and high dividend yield will likely shape how the stock trades through the remainder of 2026.

Disclaimer

The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.

Disclaimers and Limitations

A.I.Advisor
a Summary for KSPI with price predictions
Nov 11, 2026

KSPI in +4.26% Uptrend, advancing for three consecutive days on October 29, 2026

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where KSPI advanced for three days, in 109 of 158 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 06, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on KSPI as a result. In 46 of 66 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 70%.

The Moving Average Convergence Divergence Histogram (MACD) for KSPI turned negative on November 09, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 37 similar instances when the indicator turned negative. In 23 of the 37 cases the stock turned lower in the days that followed. This puts the odds of success at 62%.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where KSPI declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 65%.

KSPI broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for KSPI entered a downward trend on November 11, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is 21 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of 29 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.007) is normal, around the industry mean (16.272). P/E Ratio (0.016) is within average values for comparable stocks, (52.956). Projected Growth (PEG Ratio) (1.050) is also within normal values, averaging (3.648). Dividend Yield (0.094) settles around the average of (0.430) among similar stocks. P/S Ratio (1.967) is also within normal values, averaging (103.889).

The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron Price Growth Rating for this company is 57 (best 1 - 100 worst), indicating steady price growth. KSPI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. KSPI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.

A.I.Advisor
published Dividends

KSPI paid dividends on September 17, 2026

Joint Stock Company Kaspikz American Depository Shares KSPI Stock Dividends
А quarterly dividend of $2.16 per share was paid with a record date of September 17, 2026, and an ex-dividend date of September 10, 2026. Read more...
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Palo Alto Networks Inc (NASDAQ:PANW), Crowdstrike Holdings Inc (NASDAQ:CRWD), Block Inc (NYSE:XYZ), NetApp (NASDAQ:NTAP), Zscaler (NASDAQ:ZS), Twilio (NYSE:TWLO), Okta (NASDAQ:OKTA), MongoDB (NASDAQ:MDB).

Industry description

Computer communications industry develops technology that allows computing devices to exchange data with each other using connections/data links between nodes. Common types of computer network include Cloud (IAN), Internet, Wide (WAN, Local (LAN)/Wireless(WLAN) etc. The industry is an ever-more important part of technology, and is set to become even bigger as the Internet of Things (IoT) rapidly forays into the various aspects of our lives. Cisco Systems, Inc., Palo Alto Networks, Inc. and Arista Networks, Inc., Fortinet, Inc. are some of the major computer communications companies.

Market Cap

The average market capitalization across the Computer Communications Industry is 34.56B. The market cap for tickers in the group ranges from 48.8K to 3.94T. MSFT holds the highest valuation in this group at 3.94T. The lowest valued company is WMHI at 48.8K.

High and low price notable news

The average weekly price growth across all stocks in the Computer Communications Industry was -2%. For the same Industry, the average monthly price growth was -12%, and the average quarterly price growth was -5%. TLS experienced the highest price growth at 51%, while AIIO experienced the biggest fall at -55%.

Volume

The average weekly volume growth across all stocks in the Computer Communications Industry was -20%. For the same stocks of the Industry, the average monthly volume growth was 11% and the average quarterly volume growth was -39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 50
P/E Growth Rating: 50
Price Growth Rating: 64
SMR Rating: 78
Profit Risk Rating: 91
Seasonality Score: 7 (-100 ... +100)
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published General Information

General Information

Industry ComputerCommunications

Industry
N/A
Address
154A Nauryzbai Batyr Street
Phone
+7 7273306710
Employees
14008
Web
https://www.kaspi.kz