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

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Signals for this name

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

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 61/100 · S&P 500 fund at 75, bullish alignedEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-10-06
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 98th percentile of the window, +5.7% over 20 sessions. Factor regime → 2026-10-06
  • Sector × region Technology in US: +3.9% week · +8.0% month · +11.5% quarter · +49.8% 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 → 2026-10-06
  • Sovereign pressure Index 0.74 · up 0.17 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-10-06
How it trades on rate days beta 0.51 to TLT · on the worst bond days it fell more than the market

How it trades on rate days

How KSPI has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.51 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), Joint Stock Company Kaspi.kz moved 0.51% on average · correlation 0.14 · higher than 53% of US names
  • Beta, last 3 months 0.73 more rate-sensitive lately than over the year
  • On the 10 worst bond days −1.13% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days −1.14% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

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 Closelooknet universe; scored names rank on their Closelooknet score, the rest on trend state.

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

Company snapshot — Joint Stock Company Kaspi.kz

KSPI in five paragraphs: what it makes and sells, where it sits in the Closelooknet 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 Closelooknet 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
Closelooknet'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 Closelooknet tracks it
It holds no seat in our indices but carries a Closelooknet 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 Closelooknet company score reads 68/100 composite (momentum 71, quality 87, valuation 97) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’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.

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 Closelooknet 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 →

Dividends and capital return trailing yield 6.20%, 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 6.20% yield on the 2026-10-06 close 3 distributions, paid twice a year 2026-10-06
  • 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 123.7% 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.

FAQ · from the current data · as of 2026-10-07

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 Closelooknet research universe, as of the registry build of 2026-10-07.

Is KSPI in a Closelooknet index?

Not currently — Joint Stock Company Kaspi.kz is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-10-07.

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

68 out of 100, with momentum 71, quality 87 and valuation 97 sub-scores, as of 2026-10-07. Scores are Closelooknet's own research readings, not ratings or investment advice.

Where does KSPI trade against its moving averages?

Pullback inside an uptrend stack: Trades -4.6% vs the 50-day and +11.6% vs the 200-day average, 15.3% below the 52-week high and +42.1% off the 52-week low. Computed from daily closes. As of 2026-10-06 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How does Joint Stock Company Kaspi.kz compare with its peers?

Against its peer group (Software - Infrastructure · US), Joint Stock Company Kaspi.kz (KSPI) sits 15.3% below its 52-week high, 4.6% below its 50-day average; Palantir Technologies Inc. (PLTR) is 8.7% below, Okta Inc (OKTA) is 0.6% below, Microsoft Corporation (MSFT) is 4.8% below. Put any of them next to KSPI in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does Joint Stock Company Kaspi.kz trade when bond yields rise?

Over the past year Joint Stock Company Kaspi.kz had a beta of 0.51 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 53% of US names. On the 10 sessions in which long bonds fell most it moved −1.13% on average, against −0.74% for the S&P 500. The "How it trades on rate days" block on this page carries the lines.

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. Closelooknet'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 Closelooknet 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 Closelooknet 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 6.20% on the 2026-10-06 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 Closelooknet 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 Closelooknet 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 Closelooknet structure read — an investment research diary view, not investment advice.

Related in the Closelooknet universe

then Software - Infrastructure. Scored names rank on their Closelooknet 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.