KSPI

Kaspi.kz JSC - ADR

TMT, Finance/Real Estate, Event Driven/Special Sit


Presented:05/23/2024
Price:$121.62
Cap:$23.35B
Current Price:$104.85
Cap:$19.92B

Presented

Date05/23/2024
Price$121.62
Market Cap$23.35B
Ent Value$24.57B
P/E Ratio11.84x
Book Value$15.62
Div Yield4.35%
Shares O/S191.96M
Ave Daily Vol321,601
Short IntN/A

Current

Price$104.85
Market Cap$19.92B
Kaspi.kz JSC provides a mobile app. The firm operates through the following segments: Payments Platform, Marketplace Platform and Fintech Platform. The Payments Platform segment consists of both consumers and merchants, to facilitate cashless, digital transactions. The Marketplace platform segment connects merchants and consumers enabling merchants to increase their sales and consumers to buy a broad selection of products and services offered by a variety of merchants. The Fintech Platform segment enables customers to manage their personal finances online and access consumer finance and deposit products primarily through the Kaspi.kz Super App. The company was founded by Mikheil Nugzarovich Lomtadze and Vyacheslav Konstantinovich Kim on October 16, 2008 and is headquartered in Almaty, Kazakhstan.

Publicly traded companies mentioned herein: JSC Kaspi.kz (KSPI), MercadoLibre Inc (MELI) Sea Ltd (SE)

Highlights

The presenter is long shares of JSC Kaspi.kz (KSPI), a consumer-focused ecosystem in Kazakhstan offering marketplace, payments and fintech services. With its dominant market share in all of its product categories, the company could approach a market cap to GDP ratio of 1x or more. With Kazakhstan's GDP in 2022 at 225.5 billion, the stock could trade up 10x.

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Idea Discussion

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