KSPI — Stock Film
STOCK FILMSCENE 1/11KSPI · $87.91
Stock Expert AI presents
KSPI
Joint Stock Company Kaspi.kz
~4 min film100% real numbers0 jargon
WHAT DOES THIS COMPANY DO?
Joint Stock Company Kaspi.kz. A quick introduction.

On the stock market since 2024, it operates in the world of technology. It has 14,008 employees. Now — the numbers.

on the stock market since 2024
14K employees
$17B market value
Revenue last year:
$0
The net profit left over:
$0
Out of every $100 in sales, $26 stays as net profit.
THE SLICE THAT TURNS INTO PROFIT: 26%

This is an established company with proven profits.

THE SALES TREND
Sales are growing, year after year.

Average growth of 45% a year over the last 4 years. Every year shown ended in profit.

$885B
2021
$1.27T
2022
$1.89T
2023
$2.52T
2024
$3.94T
2025
Cash on hand:
$0
Total debt:
$0
The cash outweighs the debt.

If every debt were paid off today, $1.6T would still be left in the vault — a solid cushion for hard times.

Every quarter, analysts set a profit bar.
How many of the last 8 did the company clear?
2 / 8
EXPECTATIONS MET OR BEATEN
2
Jul 2024
Oct 2024
Feb 2025
May 2025
Aug 2025
Nov 2025
Mar 2026
May 2026
2 TIMES IN THE LAST 8 QUARTERS
It misses the bar more often than not.
What executives did with their own stock over the last 12 months:
53 buy171 sell

Executive selling isn’t always bad news; people sell for personal reasons too. Still, the thin buying side is worth noting.

THE FIVE-YEAR JOURNEY
Below the peak, but no collapse.

The stock trades 37% below its peak. The market has trimmed its expectations for the company.

1
THE BRIGHT SIDE · 1/3
A fat but narrowing margin

The net profit margin is 26% — still a thick cushion, though costs have been eating into it lately.

2
THE BRIGHT SIDE · 2/3
Sales keep climbing

Over the last 3 years, sales grew about 46% a year on average.

3
THE BRIGHT SIDE · 3/3
Strong cash, light debt

There is $2.1T in the vault; even if every debt were paid off, $1.6T would remain.

1
THE RISKS · 1/2
Executives lean toward selling

Over the last 12 months, executives reported 171 sells against just 53 buys. Not an alarm bell by itself, but a number worth watching.

2
THE RISKS · 2/2
The stock has lost its spark

Since the drop from its peak, buyer appetite hasn’t come back.

FINALE · THE GRADE
C
0 / 100 · MoonshotScore

On our five-subject report card, KSPI sits in the middle of the class: some subjects shine, others don’t. The grade moves as the numbers move.

The takeaway: KSPI is an established business that has proven its profits for years. The real debate isn’t the quality of the business — it’s whether the price paid for the stock is too high.

What would you like to do next?
Open the stock page →
This was a film — not investment advice.
Data: FMP & company filings
Jul 21, 2026 · stockexpertai.com · Stock Film