Joint Stock Company Kaspi.kz
KSPITechnologyNASDAQSoftware - Infrastructure · Last scanned May 29, 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 $17.18B market capitalization puts KSPI squarely in large-cap range for its industry. The company operates through three segments: Payments, Marketplace, and Fintech.
Market Cap
$17.18B
Beta
0.07
P/E (TTM)
7.82
P/E (Fwd)
0.01
EPS (TTM)
$11.56
EPS (Fwd)
$6803.44
ROE
46.8%
ROA
14.3%
Cash
—
Total Debt
—
Free CF
-$736.22B
52W Change
9.2%
Annual Financials
Cash vs Debt
Free cash flow is running at -$736.22B, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. 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. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Joint Stock Company Kaspi.kz and its sector.