Joint Stock Company Kaspi.kz — Software - Infrastructure. Scored on the same transparent 7-signal model behind the daily rankings.
★
KSPI
Joint Stock Company Kaspi.kz · Software - Infrastructure
FCF$1.5bC+
Rev+59.8%A
D/E0.12B+
P/E7.8xA
PEG0.13A
72Score
$88.60$16.8B
1Y Target$98.89Analyst consensus · 7 analysts
5Y Target$124.85Compound horizon
10Y Target$160.12Long-dated conviction
FCF$1.5bTTM · 03/26C+
FCF $1.5b — respectable but not differentiating · TTM computed from 4 most-recent quarters (TTM · 03/26).
Rev+59.8%TTM YoYA
Revenue +59.8% — hypergrowth, top decile
D/E0.12B+
D/E 0.12 — below the Technology debt median (≈40th pctile)
P/E7.8xA
P/E 7.8 — cheapest decile in Technology (≈10th pctile)
PEG0.13proxyA
PEG 0.13 — exceptional; paying well under fair value for growth · PEG proxy: P/E ÷ revenue growth % (true PEG requires forward EPS estimates, not in Finnhub free tier).
Forward price target — the 1-year figure is the analyst consensus where the stock is covered; the 5- and 10-year figures compound our earnings estimate from there. The DCF below is a separate cross-check on intrinsic value (what it's worth today), not another target.
Quality-growth score · 72
Quality0.85
Growth1.00
Value0.96
Why this score
Short track record
Foreign reporter (KZT)
Entry · Margin of safety
52-week rangeMid-range
11% off the 12-month high
vs DCF fair value42% belowest. fair value ~$154
Quality signals · context only
Gross profitability26% · Bgross profit ÷ total assets (Novy-Marx)
Why now
Software - Infrastructure · market cap $16.8b. 11% off the 52-week high of $99.20. Revenue growing +60% — in hypergrowth territory. PEG 0.13 — paying under fair value for the growth rate. 7 sell-side analysts publish a mean 1-yr target of $98.89 (implying +12% upside).
Moat
Net margin 26% sits well above the S&P median (~11%) — suggests structural pricing advantage or cost discipline competitors can't quickly close. ROE 41% — top-decile capital efficiency. Either pricing leverage, low capital intensity, or aggressive buybacks; the durability story depends on which. Software economics — recurring revenue, embedded customer workflows, and high gross margin all compound the moat once a base account is won. Switching costs are the lever.
Risk
Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Horizon
1-3 yr $98.89 (7-analyst consensus) — multiple re-rating thesis requires a catalyst. 5 yr $124.85 at ~7% CAGR — dividend + buyback compounding. 10 yr $160.12 if the moat survives secular pressure.
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Position sizing · KSPI
$
%
%
Shares to buy
22
Position size
$1,949
3.9% of portfolio
Stop price
$66.45
25% below $88.60
$ at risk if stopped
$487.30
budget $500.00 · 1% of portfolio
Math only — share count is floor(portfolio × risk% ÷ (price × stop%)). Doesn't account for commissions, slippage, gap risk, or position-correlation across your book. Inputs persist locally; never sent to the server. Not investment advice.
Joint Stock Company Kaspi.kz (KSPI): score, valuation & FAQ
Joint Stock Company Kaspi.kz (KSPI) is a Software - Infrastructure company that scores 72 out of 100 on the Bull Rankings quality-growth model — a solid, above-average reading. The score blends three pillars — quality (durable returns, healthy margins, low leverage), growth (revenue and earnings), and value (valuation versus sector peers) — into one number, refreshed daily; it is a screen, not a buy recommendation.
Its strongest graded signals are Rev (A), P/E (A) and PEG (A). On valuation, KSPI sits about 42% below our discounted-cash-flow fair value (a margin of safety).
Is KSPI a good stock to buy?
Bull Rankings scores KSPI 72 out of 100 on its quality-growth model, which is a solid, above-average reading. That is driven by Rev (A), P/E (A) and PEG (A). A score is a quantitative screen of Joint Stock Company Kaspi.kz's fundamentals, not personalised financial advice — weigh it against your own time horizon and risk tolerance, and read the risk factors below before acting.
Why does KSPI score 72 on Bull Rankings?
The quality-growth score blends three pillars — quality (returns on capital, margins, leverage, earnings quality), growth (revenue and earnings expansion), and value (valuation versus sector peers). KSPI earns its highest marks on Rev (A), P/E (A) and PEG (A). Each pillar is graded against sector-aware thresholds, then combined into the single 0–100 score.
Is KSPI overvalued or undervalued?
Based on $88.60, KSPI sits about 42% below our discounted-cash-flow fair value (a margin of safety). It trades at a 7.8x× P/E (graded A). Discounted-cash-flow estimates are sensitive to growth and discount-rate assumptions, so treat this as a cross-check, not a price target.
What are the main risks of investing in KSPI?
Software — competitive moat is durable until it isn't; watch net revenue retention, gross margin trends, and any new market entrant with a fundamentally lower price point.
Bull Rankings is an automated fundamentals screen for research and education. It is not investment advice, and nothing here is a recommendation to buy or sell any security. Do your own research and consider consulting a licensed financial adviser.