Latest news with #JointStockCompanyKaspi.kz
Yahoo
14-05-2025
- Business
- Yahoo
Joint Stock Company Kaspi.kz (KSPI): Among the Most Promising New Technology Stocks According to Analysts
We recently compiled a list of the . In this article, we are going to take a look at where Joint Stock Company (NASDAQ:KSPI) stands against the other promising new technology stocks. The stock market entered 2025 with much optimism, taking confidence from last year's performance. Similar to the stock market, the US IPO market also entered 2025 well-positioned for a promising year. However, the uncertainty regarding the tariffs has led to a lot of volatility in both the stock market and the IPO market. On March 27, White & Case released its insights on the US IPO market. The report highlighted that the US IPO showed steady gains due to stabilized gains and falling interest rates in the fourth quarter of 2024. Last year marked the second consecutive year of positive growth in US IPO proceeds, including the SPACs (Special Purpose Acquisition Company), as the proceeds reached $41.36 billion after growing 75% year-over-year. While the growth was impressive, it was still well below the pre-pandemic levels. In terms of the IPO counts, the number of IPOs grew from 154 in 2023 to 231 in 2024. The report also noted that the United States continued to lead the global IPO market by posting more than twice the level of proceeds as India, which is the second-largest IPO market by proceeds. The progress from the last year was carried on into 2025 as figures from the January 2025 IPO were favorable compared to the same month last year. In January, the US saw 29 IPOs, up from 17, with deal values growing from $3.45 billion to $5.1 billion. Moreover, the pipeline figures showed that there were 57 pending IPOs in March 2025. The United States market is anticipating more technology and artificial intelligence companies to go IPO during the year. This is due to the massive joint investment through Stargate's $100 billion reserve. The report acknowledged the uncertainty and difficulty that new companies might be facing due to the tariffs. However, the overall economic policies of the administration are viewed as capital-friendly, thereby paving the way for more IPOs to be filed this year. To curate the list of 11 most promising new technology stocks according to analysts, we used the Finviz stock screener and CNN. Using the screener, we aggregated a list of technology stocks that have IPOed within the last 3 years. Next, we sourced the upside potential based on Wall Street analysts' price target estimates for each stock from CNN and ranked the stocks in ascending order of this indicator. We have also added the hedge fund sentiment around each stock from Insider Monkey's Q4 2024 database. Please note that the data was recorded on May 13, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A trust services representative using modern technology for improved financial security. Joint Stock Company (NASDAQ:KSPI) is a leading financial technology company based in Kazakhstan. It provides a broad range of services, including online payments, e-commerce, and digital banking. Its key operations include the Mass Retail Segment, Corporate and business, Payments platform, Marketplace platform, and Fintech platform. On March 27, the company announced that it had signed a share purchase agreement to acquire Rabobank A.S, the Turkish subsidiary of the Netherlands-based Rabobank Group. This aligns with the company's plans to expand into Turkey. Joint Stock Company (NASDAQ:KSPI) reported its fiscal Q1 2025 results on May 12. The company grew its revenue by 21% year-over-year and net income by 16% during the same time, driven by increased customer engagement. All three segments posted double digit growth with Marketplace platform taking the lead at 33% year-over-year growth. The Marketplace platform segment was driven by a stand-out performance by e-Grocery which grew GMV by 64% year-over-year. Looking ahead, Joint Stock Company (NASDAQ:KSPI) has raised its 2025 consolidated net income growth guidance from 20% to 15% year-over-year growth during the year. It is one of the most promising new technology stocks according to analysts. Overall KSPI ranks 4th on our list of the most promising new technology stocks according to analysts. While we acknowledge the potential of KSPI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KSPI but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
14-05-2025
- Business
- Yahoo
Joint Stock Company Kaspi.kz (KSPI): Among the Most Promising New Technology Stocks According to Analysts
We recently compiled a list of the . In this article, we are going to take a look at where Joint Stock Company (NASDAQ:KSPI) stands against the other promising new technology stocks. The stock market entered 2025 with much optimism, taking confidence from last year's performance. Similar to the stock market, the US IPO market also entered 2025 well-positioned for a promising year. However, the uncertainty regarding the tariffs has led to a lot of volatility in both the stock market and the IPO market. On March 27, White & Case released its insights on the US IPO market. The report highlighted that the US IPO showed steady gains due to stabilized gains and falling interest rates in the fourth quarter of 2024. Last year marked the second consecutive year of positive growth in US IPO proceeds, including the SPACs (Special Purpose Acquisition Company), as the proceeds reached $41.36 billion after growing 75% year-over-year. While the growth was impressive, it was still well below the pre-pandemic levels. In terms of the IPO counts, the number of IPOs grew from 154 in 2023 to 231 in 2024. The report also noted that the United States continued to lead the global IPO market by posting more than twice the level of proceeds as India, which is the second-largest IPO market by proceeds. The progress from the last year was carried on into 2025 as figures from the January 2025 IPO were favorable compared to the same month last year. In January, the US saw 29 IPOs, up from 17, with deal values growing from $3.45 billion to $5.1 billion. Moreover, the pipeline figures showed that there were 57 pending IPOs in March 2025. The United States market is anticipating more technology and artificial intelligence companies to go IPO during the year. This is due to the massive joint investment through Stargate's $100 billion reserve. The report acknowledged the uncertainty and difficulty that new companies might be facing due to the tariffs. However, the overall economic policies of the administration are viewed as capital-friendly, thereby paving the way for more IPOs to be filed this year. To curate the list of 11 most promising new technology stocks according to analysts, we used the Finviz stock screener and CNN. Using the screener, we aggregated a list of technology stocks that have IPOed within the last 3 years. Next, we sourced the upside potential based on Wall Street analysts' price target estimates for each stock from CNN and ranked the stocks in ascending order of this indicator. We have also added the hedge fund sentiment around each stock from Insider Monkey's Q4 2024 database. Please note that the data was recorded on May 13, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A trust services representative using modern technology for improved financial security. Joint Stock Company (NASDAQ:KSPI) is a leading financial technology company based in Kazakhstan. It provides a broad range of services, including online payments, e-commerce, and digital banking. Its key operations include the Mass Retail Segment, Corporate and business, Payments platform, Marketplace platform, and Fintech platform. On March 27, the company announced that it had signed a share purchase agreement to acquire Rabobank A.S, the Turkish subsidiary of the Netherlands-based Rabobank Group. This aligns with the company's plans to expand into Turkey. Joint Stock Company (NASDAQ:KSPI) reported its fiscal Q1 2025 results on May 12. The company grew its revenue by 21% year-over-year and net income by 16% during the same time, driven by increased customer engagement. All three segments posted double digit growth with Marketplace platform taking the lead at 33% year-over-year growth. The Marketplace platform segment was driven by a stand-out performance by e-Grocery which grew GMV by 64% year-over-year. Looking ahead, Joint Stock Company (NASDAQ:KSPI) has raised its 2025 consolidated net income growth guidance from 20% to 15% year-over-year growth during the year. It is one of the most promising new technology stocks according to analysts. Overall KSPI ranks 4th on our list of the most promising new technology stocks according to analysts. While we acknowledge the potential of KSPI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than KSPI but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
03-04-2025
- Business
- Yahoo
Joint Stock Company Kaspi.kz (KSPI): A Bull Case Theory
We came across a bullish thesis on Joint Stock Company (KSPI) on Substack by Easy Trader. In this article, we will summarize the bulls' thesis on KSPI. Joint Stock Company (KSPI)'s share was trading at $94.54 as of April 2nd. KSPI's trailing P/E was 8.82 according to Yahoo Finance. People using the Cash App paying for goods and services, highlighting the impact the of the company's payment tools. has emerged as Kazakhstan's dominant fintech powerhouse, integrating digital payments, e-commerce, and financial services into a single super app. With $5.3 billion in revenue in 2024—growing 28% year-over-year—and a net margin of 42%, the company remains highly profitable and undervalued at a $20 billion market cap. Kaspi's dual-platform model, consisting of the Super App for consumers and the Kaspi Pay Super App for merchants, creates a seamless financial ecosystem embedded into Kazakhstan's daily economic activity. Its payments segment processes billions in transactions, its marketplace is the fastest-growing revenue driver, and its fintech arm leads consumer lending, making it an indispensable part of the country's financial infrastructure. Kaspi's journey began when Vyacheslav Kim transitioned his electronics retail business into banking with the acquisition of Kaspiskiy Bank in 2002. The company's transformation accelerated under CEO Mikhail Lomtadze, brought in by Baring Vostok in 2007. Kaspi shifted from traditional banking to a tech-driven platform, launching digital payments in 2012, an e-commerce marketplace in 2014, and a mobile super app in 2017. This evolution fueled rapid expansion, leading to its London IPO in 2020 and subsequent Nasdaq listing in 2024, increasing its visibility among global investors. Financially, Kaspi continues to deliver outstanding performance. In 2024, it processed $166 billion in transactions—seven times its 2019 volume—and returned $750 million to shareholders through dividends, demonstrating strong cash flow generation. With operating costs below 10% of revenue, Kaspi operates far more efficiently than global fintech peers. While dominating the Kazakhstani market, the company is actively expanding into new territories. Its planned acquisition of Uzbekistan's Humo, a state-backed payment system with 10 million users, signals its intent to replicate success beyond Kazakhstan. The recent purchase of Turkey's Hepsiburada positions Kaspi in a $172 billion retail market, four times larger than Kazakhstan's. Partnerships with Alipay+ and potential multi-language support further enhance cross-border expansion potential. However, Kaspi faces challenges. In September 2024, short-seller Culper Research accused the company of misleading investors about its Russian ties, triggering a 20% stock drop. Although Kazakhstan's regulator dismissed the claims, geopolitical uncertainty lingers. Market saturation is another concern, with rising loan rates and competition from local rivals like ForteBank. Additionally, Kazakhstan's economy remains closely linked to Russia, introducing macroeconomic risks. Despite these headwinds, Kaspi's brand loyalty, technological edge, and entrenched market position create formidable barriers to competition. The company's innovation has earned it two Harvard Business School case studies, emphasizing its trust-building efforts after a 2014 bank run. Its asset-light model, driven by a 1,200-person tech team, enables exceptional cash generation without the burden of physical banking infrastructure. As the first Kazakhstani company to list on Nasdaq, Kaspi stands as a pioneer in the global fintech space. A discounted cash flow (DCF) valuation suggests Kaspi is deeply undervalued. With projected 2024 free cash flow (FCF) of $2.05 billion, growing at 20% annually for five years, Kaspi is on track to generate $5.35 billion in FCF by 2029. Applying a conservative 3% terminal growth rate and discounting at 12% to account for emerging market risks, Kaspi's enterprise value reaches $48 billion. Adding its $1.2 billion in cash and negligible debt results in an equity value of $49.2 billion, or $246 per share—more than double its current price of around $100. A peer comparison further supports this undervaluation. Kaspi trades at just 8.5x 2024 earnings, significantly lower than fintech peers like PayPal (18x), MercadoLibre (57x), and Sea Limited (114x). Adjusting for growth, Kaspi's PEG ratio is just 0.34, implying a fair value range of $215 to $535 per share based on fintech industry multiples. Despite its stellar financials, the market discounts Kaspi due to geopolitical risks, liquidity concerns following its U.S. listing, and its 6% dividend yield, which some perceive as a signal of maturity rather than high growth. However, MercadoLibre once faced similar skepticism before its stock was rerated as execution proved successful. If Kaspi's international expansion, particularly its Hepsiburada acquisition, gains traction, its valuation gap could narrow significantly. Even a modest rerating to 40x FCF—similar to MercadoLibre—would imply an $86 billion valuation, or $430 per share. Kaspi presents a compelling investment opportunity. With strong growth, superior margins, and substantial free cash flow generation, the stock remains deeply undervalued despite its industry-leading position. For investors willing to look past short-term geopolitical concerns, Kaspi offers the rare chance to buy a high-quality, high-growth fintech at a fraction of its intrinsic value. If sentiment shifts and its expansion strategy succeeds, the stock could more than double, making it one of the most attractive investment opportunities in the fintech sector today. Joint Stock Company (KSPI) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 27 hedge fund portfolios held KSPI at the end of the fourth quarter which was 26 in the previous quarter. While we acknowledge the risk and potential of KSPI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than KSPI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. Sign in to access your portfolio
