Joint Stock Company Kaspi.kz
KSPITechnologyNASDAQSoftware - Infrastructure · Last scanned Jul 18, 2026
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Daily timeframeHeadquartered within the technology sector, Joint Stock Company Kaspi.kz focuses on Software - Infrastructure services and products. Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The $16.71B market capitalization puts KSPI squarely in large-cap range for its industry. The company operates through three segments: Payments, Marketplace, and Fintech.
Market Cap
$16.71B
Beta
0.09
P/E (TTM)
7.85
P/E (Fwd)
0.01
EPS (TTM)
$11.20
EPS (Fwd)
$6803.44
ROE
46.8%
ROA
14.3%
Cash
—
Total Debt
—
Free CF
-$736.22B
52W Change
2.3%
Annual Financials
Cash vs Debt
The company is burning cash, with free cash flow at -$736.22B. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at 46.8%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 14.3% further supports the picture of efficient asset utilization. Revenue has grown from $1.25T (2022) to $4.03T (2025), reflecting a 221% increase over the period.
KSPI's low beta indicates it tends to be less volatile than the broader market, which may suit investors seeking more stable price behavior. Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing KSPI.