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Buyback calculator for Joint Stock Company Kaspi.kz
Joint Stock Company Kaspi.kz stock: key metrics
KSPIJoint Stock Company Kaspi.kz had an operating margin of 32.9% and a return on invested capital (ROIC) of 41.4% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2019 | 66.8% | 45.6% | 36.9% |
| 2020 | 69.2% | 49.1% | 40.3% |
| 2021 | 91.7% | 83.0% | 48.8% |
| 2022 | 91.8% | 82.8% | 46.1% |
| 2023 | 64.5% | 52.8% | 44.5% |
| 2024 | 62.3% | 50.4% | 41.2% |
| 2025 | 73.5% | 32.9% | 26.4% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2019 | 66.4% | 35.5% | 8.9% |
| 2020 | 66.7% | 43.6% | 9.3% |
| 2021 | 86.4% | 81.1% | 12.0% |
| 2022 | 71.4% | 88.1% | 11.4% |
| 2023 | 78.0% | 67.6% | 12.3% |
| 2024 | 68.5% | 66.2% | 12.4% |
| 2025 | 41.7% | 41.4% | 9.4% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 17 Jan 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.