Joint Stock Company Kaspi.kz (KSPI)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from KSPI's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Joint Stock Company Kaspi.kz's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $884.8B | $1.27T | $1.91T | $2.53T | $4.05T |
| Net income | $431.9B | $585.0B | $841.4B | $1.04T | $1.07T |
| Free cash flow | $45.5B | $961.5B | $1.06T | $486.2B | $491.1B |
| EPS (diluted) | $2,222.00 | $3,016.00 | $4,381.00 | $5,431.00 | $5,592.00 |
| Operating margin | — | — | — | — | — |
Superinvestors who own KSPI
From each investor's latest 13F filing (what a 13F shows). 9 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Richard Pzena Pzena Investment Management |
Added | $266M | 0.78% | Q2 2026 |
| Charles Brandes Brandes Investment Partners, LP |
Added | $72M | 0.51% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Added | $22M | 0.01% | Q2 2026 |
| Mason Hawkins Southeastern Asset Management |
Trimmed | $18M | 0.96% | Q2 2026 |
| Prem Watsa Fairfax Financial Holdings |
New position | $9M | 0.35% | Q2 2026 |
| John Rogers Ariel Investments |
Added | $2M | 0.02% | Q2 2026 |
| Jay Petschek Corsair Capital Management |
New position | $433,200 | 0.05% | Q2 2026 |
| Ruane, Cunniff & Goldfarb Ruane, Cunniff & Goldfarb |
Trimmed | $340,842 | 0.00% | Q2 2026 |
| Mohnish Pabrai Dalal Street LLC |
New position | $147,461 | 0.04% | Q2 2026 |
Insider buying
Open-market purchases by Joint Stock Company Kaspi.kz's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Joint Stock Company Kaspi.kz insiders buying the stock?
No open-market insider purchases of KSPI in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Joint Stock Company Kaspi.kz?
9 of the superinvestors Investingly tracks hold KSPI in their latest 13F, including Richard Pzena, Charles Brandes, Dodge & Cox.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.