Company Valuation: Kaspi Bank

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 11,739,956 5,799,411 7,955,362 9,441,086 7,555,774 9,459,823 - -
Change - -50.6% 37.18% 18.68% -19.97% 25.2% - -
Enterprise Value (EV) 11,739,956 5,799,411 7,955,362 8,902,249 6,695,841 9,459,823 9,459,823 9,459,823
Change - -50.6% 37.18% 11.9% -24.78% 41.28% 0% 0%
P/E - - 9.57x 9.15x 7.08x 8.48x 7.5x 6.38x
PBR - - 9.71x 6.22x 3.05x 3.25x 2.81x 2.46x
PEG - - - 0.4x 2.39x 1.72x 0.6x 0.4x
Capitalization / Revenue 12.5x 4.41x 4.16x 3.73x 1.87x 1.98x 1.69x 1.44x
EV / Revenue 0x 0x 0x 0x 0x 1.98x 1.69x 1.44x
EV / EBITDA - - - 0x 0x 5.91x 5.2x 4.48x
EV / EBIT 0x 0x 0x 0x 0x 6.29x 5.45x 4.51x
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Dividend per Share 2 - - 3,200 3,400 - 3,700 3,939 4,459
Rate of return - - 7.63% 6.84% - 7.43% 7.91% 8.96%
EPS 2 - - 4,381 5,431 5,592 5,868 6,641 7,805
Distribution rate - - 73% 62.6% - 63.1% 59.3% 57.1%
Net sales 1 936,803 1,315,552 1,913,490 2,532,156 4,046,074 4,780,955 5,604,007 6,580,307
EBITDA 1 - - - 2,041,856 1,556,372 1,601,769 1,818,823 2,113,110
EBIT 1 528,802 720,574 1,022,004 1,282,289 1,331,918 1,504,814 1,736,813 2,096,537
Net income 1 435,214 588,844 848,770 1,056,834 1,067,707 1,119,929 1,289,201 1,522,957
Net Debt - - - -538,837 -859,933 - - -
Reference price 2 61,086.04 30,379.47 41,939.96 49,685.81 39,603.71 49,781.40 49,781.40 49,781.40
Nbr of stocks (in thousands) 192,187 190,899 189,685 190,016 190,785 190,027 - -
Announcement Date 2/28/22 A 2/27/23 A 2/26/24 A 2/24/25 A 3/2/26 A - - -
1KZT in Million2KZT
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.48x - - 7.43% 20.67B
54.08x18.37x34.38x-.--% 101B
22.48x4.53x10.69x1.34% 97.78B
28.05x8.69x16.73x-.--% 39.75B
62.94x5.74x20x-.--% 26.1B
37.87x19.15x31.63x2.25% 24.13B
86.93x6.92x29.46x-.--% 23.36B
6.08x2.93x6.97x4.44% 20.87B
13.02x-0.19x-0.33x-.--% 17.61B
40.6x19.84x31.16x-.--% 13.36B
Average 36.05x 9.55x 20.08x 1.55% 38.44B
Weighted average by Cap. 37.52x 10.27x 21.18x 1.12%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. KSPI Stock
  4. Valuation Kaspi Bank