Kaspi.kz JSC Sponsored GDR RegS
KAKZF
Market Cap$20.68B
Close$
Earnings Call Q1 2025
May 12, 2025 - AI Summary
Revenue and Net Income Growth: Kaspi.kz reported a year-on-year revenue growth of 21% and a net income increase of 16% for Q1 2025. This shows resilience in performance despite macroeconomic challenges, with payments growing 16% in revenue and 21% in net income, and marketplace sales growing 33% in revenue and 19% in net income.
Impact of Smartphone Registration Requirements: A new regulation introduced in March 2025 requiring the registration of smartphones caused a significant drop in demand, impacting GMV growth by an estimated 7 percentage points. While GMV growth was originally reported at 20%, it was expected to be around 30% without this regulation. This impact is considered temporary, with expectations of demand normalizing later in the year.
Guidance Adjustments: The company reduced its GMV growth forecast from 25%-30% to 15%-20% due to the smartphone regulation and increased macroeconomic uncertainty affecting high-ticket items such as consumer electronics and cars. The TPV outlook remains unchanged, projecting around 15% growth.
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Share Statistics
| Market cap | $20.68 Billion |
|---|---|
| Enterprise Value | $-55,985,100,345.00 |
| Dividend Yield | $6.48 (4.39512317432458%) |
| Earnings per Share | $5474.35 |
| Beta | 1.03 |
| Outstanding Shares | 190,015,729 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 7.21 |
|---|---|
| PEG | 45.93 |
| Price to Sales | 0.01 |
| Price to Book Ratio | 0.01 |
| Enterprise Value to Revenue | -0.02 |
| Enterprise Value to EBIT | -0.04 |
| Enterprise Value to Net Income | -1 |
| Total Debt to Enterprise | -10.9 |
| Debt to Equity | 0.36 |
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.