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Joint Stock Company Kaspi.kz (KSPI) — chart, structure and Closelook read

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Company snapshot — Joint Stock Company Kaspi.kz

KSPI in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Kaspi.kz runs a combined payments, marketplace and fintech platform for consumers and merchants across Kazakhstan, Azerbaijan and Ukraine. The Payments arm handles bill pay, in-store and online transactions and peer-to-peer transfers. The Marketplace arm links merchants and shoppers through mobile, e-commerce and travel-booking channels. The Fintech arm offers consumer lending, savings products and merchant finance, alongside banking and asset-management activities. It is based in Almaty and listed in the United States.
Where it sits in the stack
Kaspi.kz carries no seat in a Closelook index. It sits in our broader Technology sleeve, grouped with US-listed software and hardware names rather than the AI build-out stack.
Who it is priced against
Closelook's peer group places it among scored Technology names in the United States, including Micron, Adobe, Nvidia, Fortinet, Trend Micro, Intuit and Workday, chosen on sector and country rather than business model; the market also names MercadoLibre as a comparable emerging-market platform combining payments and marketplace.
Why Closelook tracks it
It holds no seat in our indices but carries a Closelook score, where the valuation module reads strongest and the momentum module reads weakest; the diary has not yet quoted it in an edition.
What the diary watches
Whether the fintech and marketplace segments keep growing together or whether one starts to carry the group's earnings on its own.

Joint Stock Company Kaspi.kz (KSPI) trades on US exchanges, classified under Technology.

The Closelook company score reads 69/100 composite (momentum 79, quality 86, valuation 97) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for KSPI, from the same nightly bakes the boards use. Research diary readings, not advice.

The Street on this name 1 analyst action on the wire · latest: price target by Wolfe Research, 2026-08-25

The Street on this name

Analyst actions and the latest print for KSPI from the Closelook wires — third-party opinions on the record, not our readings.

  • Price target Wolfe Research — target 115 from 110 Target raised to $115 from $110 (+8% to spot) 2026-08-25

1 action on the analyst wire since 2026-08-13: 1 target change. Analyst wire → · Earnings wire →

Who it is priced against Software - Infrastructure · US · 8 names with week and year-to-date

Peer group

Software - Infrastructure · US

Names in the same industry from the Closelook universe; scored names rank on their Closelook score, the rest on trend state.

Compared against KSPI on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 5.92%, semi-annual · buybacks 21.9 bn USD in FY2025

Dividends and capital return

What KSPI pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 5.78 USD per share · a 5.92% yield on the 2026-09-18 close 3 distributions, paid twice a year 2026-09-18
  • Last distribution 2.15 USD per share as the price series records it, within days of the ex-date 2026-09-10
  • By calendar year 2026: 5.78 USD to date first distribution recorded in the three-year window: 2026-04-16
  • Buybacks, FY2025 21.9 bn USD 114.7% of today's market value
  • Share count −0.8% in FY2025
  • Capital returned 21.9 bn USD · 4% of free cash flow dividends and buybacks together, against the year’s free cash flow

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 50/100 · S&P 500 fund at 49, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-18
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 97th percentile of the window, +4.9% over 20 sessions. Factor regime → 2026-09-18
  • Sector × region Technology in US: +1.0% week · +3.2% month · −0.8% quarter · +35.9% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-09-20
  • Sovereign pressure Index 0.07 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-18

FAQ · from the current data · as of 2026-09-19

Quick answers

What is Joint Stock Company Kaspi.kz (KSPI)?

Joint Stock Company Kaspi.kz trades as KSPI on the US exchange (US) and is classified under Technology in the Closelook research universe, as of the registry build of 2026-09-19.

Is KSPI in a Closelook index?

Not currently — Joint Stock Company Kaspi.kz is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-19.

What is Joint Stock Company Kaspi.kz's Closelook composite score?

69 out of 100, with momentum 79, quality 86 and valuation 97 sub-scores, as of 2026-09-19. Scores are Closelook's own research readings, not ratings or investment advice.

Where does KSPI trade against its moving averages?

Uptrend stack intact: Trades +1.5% vs the 50-day and +18.6% vs the 200-day average, 11.3% below the 52-week high and +48.7% off the 52-week low. Computed from daily closes. As of 2026-09-18 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does Joint Stock Company Kaspi.kz do?

Kaspi.kz runs a combined payments, marketplace and fintech platform for consumers and merchants across Kazakhstan, Azerbaijan and Ukraine. The Payments arm handles bill pay, in-store and online transactions and peer-to-peer transfers. The Marketplace arm links merchants and shoppers through mobile, e-commerce and travel-booking channels. Closelook's peer group places it among scored Technology names in the United States, including Micron, Adobe, Nvidia, Fortinet, Trend Micro, Intuit and Workday, chosen on sector and country rather than business model; the market also names MercadoLibre as a comparable emerging-market platform combining payments and marketplace.

Where does Joint Stock Company Kaspi.kz sit in the AI build-out?

Kaspi.kz carries no seat in a Closelook index. It sits in our broader Technology sleeve, grouped with US-listed software and hardware names rather than the AI build-out stack. It holds no seat in our indices but carries a Closelook score, where the valuation module reads strongest and the momentum module reads weakest; the diary has not yet quoted it in an edition.

Does Joint Stock Company Kaspi.kz pay a dividend?

Joint Stock Company Kaspi.kz has paid 5.78 USD per share over the last twelve months, paid twice a year, a trailing yield of 5.92% on the 2026-09-18 close; the last distribution recorded in the price series was 2.15 USD on 2026-09-10. In fiscal 2025 the company bought back 21.9 bn USD of its own shares, 4% of that year’s free cash flow. The share count fell 0.8% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on Joint Stock Company Kaspi.kz recently?

The most recent analyst action on Joint Stock Company Kaspi.kz on the Closelook wire is a price target by Wolfe Research on 2026-08-25 (target 115 from 110). 1 action on the analyst wire since 2026-08-13: 1 target change. Analyst actions are third-party opinions recorded by the wire, not Closelook readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for KSPI, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Related in the Closelook universe

then Software - Infrastructure. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.