Análisis Argos
KSPI
KSPISin veredicto1 señal de riesgo
Joint Stock Company Kaspi.kz · Technology
US$ 89.82
precio al 2026-07-04
Valor justo Argos*
Sin estimar
vs. su valor justo
Sin estimar
Score Argos
76/100
Sin veredicto
LA RESPUESTA
Luce barata, pero tiene 1 señal de riesgo en sus números. Esperá: barato no siempre es ganga.
Recompensas
Retorno sobre el capital alto (50%).
Tiene más caja que deuda: balance fuerte.
Reparte dividendo sostenible (3.94%).
Riesgos
!Venta significativa de insiders en el último trimestre.
!Balance frágil: la deuda pesa sobre el negocio.
!Beneish M-Score sugiere manipulación (-0.54)
VALOR6/6FUTURO5/6PASADO5/6SALUD2/6DIVIDENDO6/6
El Iris de calidad
VALOR6/6FUTURO5/6PASADO5/6SALUD2/6DIVIDENDO6/6
ValorCotiza por debajo de su valor justo
FuturoIngresos creciendo con fuerza
PasadoFundamentales sólidos y sostenidos
SaludBalance razonable
DividendoDevuelve capital al accionista
Score Argos76de 100Sin veredicto
Ingresos56%
US$ 3,935 B
Margen operativo35%
32.9%
Flujo de caja libre1%
US$ 491.1 B
Deuda neta
US$ -432.6 B
Lo esencial, sin ruido
Cap. de mercadoUS$ 17.1B
P/E0x
EV/EBITDA-0.3x
FCF yield2877.3%
ROIC50.4%
Margen operativo32.9%
Crecim. ingresos+56.1%/año
Piotroski F5/9
Competidores

Los rivales, con el mismo ojo

El Iris de calidad de cada competidor, lado a lado. Tocá uno para ver su análisis.

Novedades

Noticias recientes

zacks.com · 1 jul
Are Business Services Stocks Lagging Ingram Micro Holding Corporation (INGM) This Year?
Here is how Ingram Micro (INGM) and Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) have performed compared to their sector so far this year.
globenewswire.com · 24 jun
Kaspi.kz receives regulatory approval to acquire Rabobank A.Ş. in Türkiye
ALMATY, Kazakhstan, June 24, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (“Kaspi.kz”) (Nasdaq: KSPI) today announced that it has received regulatory approval from the Banking Regulation and Supervision Agency of Türkiye (“BDDK”) to acquire Rabobank A.Ş., a fully licensed bank in Türkiye. The transaction is expected to close in July 2026, subject to the satisfaction of customary closing conditions.
globenewswire.com · 12 jun
Announcement of EGM Results
ALMATY, Kazakhstan, June 12, 2026 (GLOBE NEWSWIRE) -- Joint Stock Company Kaspi.kz (Nasdaq: KSPI) announces that the following resolutions were duly passed at its Extraordinary General Meeting on 11 June 2026:
zacks.com · 10 jun
Down 9.6% in 4 Weeks, Here's Why You Should You Buy the Dip in Joint Stock Company Kaspi.kz Sponsored ADR (KSPI)
Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
seekingalpha.com · 2 jun
Kaspi.kz: Ownership Change Drives Stock Rally
Kaspi.kz remains a 'Buy' as Q1 results align with guidance and the investment thesis, with revenue up 31% YOY to $2.3 billion. Marketplace segment led growth, notably with Hepsiburada's 94% YOY revenue jump and Kazakh value-added services up 73%, while profitability trends improve. Fintech revenue and loan portfolio grew 25% and 23% respectively, reflecting a strategic shift to longer-duration loans despite a slight NPL ratio increase.
globenewswire.com · 12 may
Notice of Extraordinary General Meeting of Shareholders of Kaspi.kz
ALMATY, Kazakhstan, May 12, 2026 (GLOBE NEWSWIRE) -- The Board of Directors of JSC Kaspi.kz (Nasdaq: KSPI) hereby announces the Extraordinary General Meeting of Shareholders of JSC Kaspi.kz will be held on 11 June 2026 at 10:00 Astana time at: 154 “А”, Nauryzbai Batyr Street, Almaty, Kazakhstan, 050013. If a quorum is not met, a repeated General Meeting of Shareholders will be held on 12 June 2026 at 10:00 Astana time at: 154 “А”, Nauryzbai Batyr Street, Almaty, Kazakhstan, 050013.
seekingalpha.com · 11 may
Joint Stock Company Kaspi.kz (KSPI) Q1 2026 Earnings Call Transcript
Joint Stock Company Kaspi.kz (KSPI) Q1 2026 Earnings Call Transcript
marketbeat.com · 11 may
Joint Stock Company Kaspi.kz Q1 Earnings Call Highlights
Joint Stock Company Kaspi.kz NASDAQ: KSPI reported first-quarter 2026 results that management said were broadly in line with expectations, with strong e-commerce growth offset by pressure from higher funding costs, investment in Türkiye and a changing mix in its payments business.

* Valor justo Argos: estimación educativa del valor intrínseco según el propio flujo de caja de la empresa y su capacidad de crecimiento — no un precio objetivo ni una recomendación. Esto es información y educación, no asesoría de inversión. Rendimiento pasado no garantiza resultados futuros.