KSPI
Joint Stock Company Kaspi.kz
Software - Infrastructure
Market Cap$16.54B
5Y Perf.-5.2%
Compare Stocks
4 / 10Try these comparisons:
Stock Comparison
KSPI vs BEKE vs SE vs COMP
Revenue, margins, valuation, and 5-year total return — side by side.
BEKE
KE Holdings Inc.
Real Estate - Services
Market Cap$61.48B
5Y Perf.+30.0%
SE
Sea Limited
Specialty Retail
Market Cap$53.62B
5Y Perf.+132.5%
COMP
Compass, Inc.
Software - Application
Market Cap$5.32B
5Y Perf.+154.4%
KSPI vs BEKE vs SE vs COMP — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | KSPI | BEKE | SE | COMP |
|---|---|---|---|---|
| Industry | Software - Infrastructure | Real Estate - Services | Specialty Retail | Software - Application |
| Market Cap | $16.54B | $61.48B | $53.62B | $5.32B |
| Revenue (TTM) | $3.63T | $103.52B | $21.04B | $8.31B |
| Net Income (TTM) | $1.10T | $3.48B | $1.43B | $14M |
| Gross Margin | 64.3% | 21.9% | 44.9% | 10.8% |
| Operating Margin | 51.3% | 3.2% | 8.2% | -4.2% |
| Forward P/E | 0.0x | 3.3x | 25.1x | 53.5x |
| Total Debt | $221.46B | $22.65B | $4.12B | $454M |
| Cash & Equiv. | $619.47B | $11.44B | $2.41B | $199M |
KSPI vs BEKE vs SE vs COMP — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
KSPI
BEKE
SE
COMP
| Stock | Jan 24 | May 26 | Return |
|---|---|---|---|
| Joint Stock Company… (KSPI) | 100 | 94.8 | -5.2% |
| KE Holdings Inc. (BEKE) | 100 | 130.0 | +30.0% |
| Sea Limited (SE) | 100 | 232.5 | +132.5% |
| Compass, Inc. (COMP) | 100 | 254.4 | +154.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: KSPI vs BEKE vs SE vs COMP
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: KSPI leads in 5 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. KE Holdings Inc. is the stronger pick specifically for capital preservation and lower volatility. COMP also leads in specific categories worth noting. This set spans 3 sectors — these stocks serve different portfolio roles, not just different price points.
KSPI
Joint Stock Company Kaspi.kz
The Income Pick
KSPI carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- Dividend streak 2 yrs, beta 1.02, yield 8.4%
- Rev growth 33.4%, EPS growth 24.0%, 3Y rev CAGR 41.7%
- 15.4% 10Y total return vs SE's 455.5%
- 33.4% revenue growth vs BEKE's 20.2%
Best for: income & stability and growth exposure
BEKE
KE Holdings Inc.
The Real Estate Income Play
BEKE is the #2 pick in this set and the best alternative if sleep-well-at-night and defensive is your priority.
- Lower volatility, beta 0.83, Low D/E 31.7%, current ratio 1.45x
- Beta 0.83, yield 1.9%, current ratio 1.45x
- Beta 0.83 vs COMP's 1.79, lower leverage
Best for: sleep-well-at-night and defensive
SE
Sea Limited
The Growth Angle
SE lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: consumer cyclical exposure
COMP
Compass, Inc.
The Momentum Pick
COMP is the clearest fit if your priority is momentum.
- +14.4% vs SE's -37.8%
Best for: momentum
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | KSPI | 33.4% revenue growth vs BEKE's 20.2% |
| Value | KSPI | Lower P/E (0.0x vs 53.5x) |
| Quality / Margins | KSPI | 30.3% margin vs COMP's 0.2% |
| Stability / Safety | BEKE | Beta 0.83 vs COMP's 1.79, lower leverage |
| Dividends | KSPI | 8.4% yield, 2-year raise streak, vs BEKE's 1.9%, (2 stocks pay no dividend) |
| Momentum (1Y) | COMP | +14.4% vs SE's -37.8% |
| Efficiency (ROA) | KSPI | 11.6% ROA vs COMP's 0.4%, ROIC 113.5% vs -2.5% |
KSPI vs BEKE vs SE vs COMP — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
FY 2022
FY 2024
Segment breakdown not available.
KSPI vs BEKE vs SE vs COMP — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLKSPILAGGINGSE
Who Leads Where
KSPI leads in 4 of 6 categories
COMP leads 1 • BEKE leads 1 • SE leads 0
Explore the data ↓SESea Limited
0leads
COMPCompass, Inc.
1leads
BEKEKE Holdings Inc.
1leads
KSPIJoint Stock Company K…
4leads
6 Total Categories
CATEGORYLEADERvs BEKEvs COMPMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
KSPI3/6
Valuation MetricsMultiples, price ratios, and targets
KSPI3/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
KSPI6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
COMP3/6
Risk & VolatilityBeta, volatility, and downside exposure
BEKE2/2
Analyst OutlookRatings, price targets, and dividends
KSPI1/1
Income & Cash Flow (Last 12 Months)
KSPI leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
KSPI is the larger business by revenue, generating $3.63T annually — 436.4x COMP's $8.3B. KSPI is the more profitable business, keeping 30.3% of every revenue dollar as net income compared to COMP's 0.2%. On growth, COMP holds the edge at +99.4% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | KSPIJoint Stock Compa… | BEKEKE Holdings Inc. | SESea Limited | COMPCompass, Inc. |
|---|---|---|---|---|
| RevenueTrailing 12 months | $3.63T | $103.5B | $21.0B | $8.3B |
| EBITDAEarnings before interest/tax | $1.89T | $4.3B | $2.0B | -$100M |
| Net IncomeAfter-tax profit | $1.10T | $3.5B | $1.4B | $14M |
| Free Cash FlowCash after capex | $358.4B | $2.4B | $3.9B | $16M |
| Gross MarginGross profit ÷ Revenue | +64.3% | +21.9% | +44.9% | +10.8% |
| Operating MarginEBIT ÷ Revenue | +51.3% | +3.2% | +8.2% | -4.2% |
| Net MarginNet income ÷ Revenue | +30.3% | +3.4% | +6.8% | +0.2% |
| FCF MarginFCF ÷ Revenue | +9.9% | +2.3% | +18.5% | +0.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +70.1% | +2.1% | +38.3% | +99.4% |
| EPS Growth (YoY)Latest quarter vs prior year | +3.4% | -32.7% | +126.9% | +133.3% |
KSPI leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
KSPI leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 7.4x trailing earnings, KSPI trades at a 94% valuation discount to SE's 121.5x P/E. On an enterprise value basis, KSPI's 5.7x EV/EBITDA is more attractive than BEKE's 89.9x.
| Metric | KSPIJoint Stock Compa… | BEKEKE Holdings Inc. | SESea Limited | COMPCompass, Inc. |
|---|---|---|---|---|
| Market CapShares × price | $16.5B | $61.5B | $53.6B | $5.3B |
| Enterprise ValueMkt cap + debt − cash | $15.7B | $63.1B | $55.3B | $5.6B |
| Trailing P/EPrice ÷ TTM EPS | 7.39x | 36.34x | 121.47x | -87.50x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.01x | 3.27x | 25.06x | 53.52x |
| PEG RatioP/E ÷ EPS growth rate | 0.18x | — | — | — |
| EV / EBITDAEnterprise value multiple | 5.71x | 89.92x | 52.61x | 66.86x |
| Price / SalesMarket cap ÷ Revenue | 3.04x | 4.48x | 3.19x | 0.76x |
| Price / BookPrice ÷ Book value/share | 4.89x | 2.07x | 6.32x | 6.36x |
| Price / FCFMarket cap ÷ FCF | 15.75x | 49.75x | 18.14x | 26.18x |
KSPI leads this category, winning 3 of 6 comparable metrics.
Profitability & Efficiency
KSPI leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
KSPI delivers a 56.9% return on equity — every $100 of shareholder capital generates $57 in annual profit, vs $1 for COMP. KSPI carries lower financial leverage with a 0.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to COMP's 0.58x. On the Piotroski fundamental quality scale (0–9), SE scores 7/9 vs COMP's 4/9, reflecting strong financial health.
| Metric | KSPIJoint Stock Compa… | BEKEKE Holdings Inc. | SESea Limited | COMPCompass, Inc. |
|---|---|---|---|---|
| ROE (TTM)Return on equity | +56.9% | +5.0% | +15.2% | +1.1% |
| ROA (TTM)Return on assets | +11.6% | +2.7% | +5.8% | +0.4% |
| ROICReturn on invested capital | +113.5% | +3.7% | +5.4% | -2.5% |
| ROCEReturn on capital employed | +92.5% | +4.7% | +6.0% | -2.9% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 7 | 4 |
| Debt / EquityFinancial leverage | 0.14x | 0.32x | 0.49x | 0.58x |
| Net DebtTotal debt minus cash | -$398.0B | $11.2B | $1.7B | $255M |
| Cash & Equiv.Liquid assets | $619.5B | $11.4B | $2.4B | $199M |
| Total DebtShort + long-term debt | $221.5B | $22.7B | $4.1B | $454M |
| Interest CoverageEBIT ÷ Interest expense | 7.20x | 131.87x | 49.70x | -0.12x |
KSPI leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
COMP leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in KSPI five years ago would be worth $11,100 today (with dividends reinvested), compared to $3,690 for SE. Over the past 12 months, COMP leads with a +14.4% total return vs SE's -37.8%. The 3-year compound annual growth rate (CAGR) favors COMP at 49.1% vs KSPI's 1.7% — a key indicator of consistent wealth creation.
| Metric | KSPIJoint Stock Compa… | BEKEKE Holdings Inc. | SESea Limited | COMPCompass, Inc. |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +14.1% | +16.1% | -32.6% | -16.7% |
| 1-Year ReturnPast 12 months | -2.7% | -4.8% | -37.8% | +14.4% |
| 3-Year ReturnCumulative with dividends | +5.1% | +22.5% | +5.1% | +231.4% |
| 5-Year ReturnCumulative with dividends | +11.0% | -61.6% | -63.1% | -48.3% |
| 10-Year ReturnCumulative with dividends | +15.4% | -47.8% | +455.5% | -56.6% |
| CAGR (3Y)Annualised 3-year return | +1.7% | +7.0% | +1.7% | +49.1% |
COMP leads this category, winning 3 of 6 comparable metrics.
Risk & Volatility
BEKE leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
BEKE is the less volatile stock with a 0.83 beta — it tends to amplify market swings less than COMP's 1.79 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BEKE currently trades 87.8% from its 52-week high vs SE's 44.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | KSPIJoint Stock Compa… | BEKEKE Holdings Inc. | SESea Limited | COMPCompass, Inc. |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.02x | 0.83x | 1.45x | 1.79x |
| 52-Week HighHighest price in past year | $99.20 | $20.98 | $199.30 | $13.96 |
| 52-Week LowLowest price in past year | $68.59 | $14.40 | $77.05 | $5.66 |
| % of 52W HighCurrent price vs 52-week peak | +87.4% | +87.8% | +44.5% | +62.7% |
| RSI (14)Momentum oscillator 0–100 | 59.9 | 75.4 | 57.1 | 65.7 |
| Avg Volume (50D)Average daily shares traded | 579K | 4.0M | 4.8M | 14.5M |
BEKE leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
KSPI leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: KSPI as "Buy", BEKE as "Buy", SE as "Buy", COMP as "Buy". Consensus price targets imply 66.5% upside for SE (target: $148) vs 9.6% for KSPI (target: $95). For income investors, KSPI offers the higher dividend yield at 8.41% vs BEKE's 1.92%.
| Metric | KSPIJoint Stock Compa… | BEKEKE Holdings Inc. | SESea Limited | COMPCompass, Inc. |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $95.00 | $22.13 | $147.67 | $14.29 |
| # AnalystsCovering analysts | 2 | 12 | 44 | 10 |
| Dividend YieldAnnual dividend ÷ price | +8.4% | +1.9% | — | — |
| Dividend StreakConsecutive years of raises | 2 | 2 | — | — |
| Dividend / ShareAnnual DPS | $3374.49 | $2.40 | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | +1.2% | 0.0% | 0.0% |
KSPI leads this category, winning 1 of 1 comparable metric.
Key Takeaway
KSPI leads in 4 of 6 categories (Income & Cash Flow, Valuation Metrics). COMP leads in 1 (Total Returns).
Best OverallJoint Stock Company Kaspi.kz (KSPI)Leads 4 of 6 categories
Loading custom metrics...
KSPI vs BEKE vs SE vs COMP: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is KSPI or BEKE or SE or COMP a better buy right now?
For growth investors, Joint Stock Company Kaspi.
kz (KSPI) is the stronger pick with 33. 4% revenue growth year-over-year, versus 20. 2% for KE Holdings Inc. (BEKE). Joint Stock Company Kaspi. kz (KSPI) offers the better valuation at 7. 4x trailing P/E (0. 0x forward), making it the more compelling value choice. Analysts rate Joint Stock Company Kaspi. kz (KSPI) a "Buy" — based on 2 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — KSPI or BEKE or SE or COMP?
On trailing P/E, Joint Stock Company Kaspi.
kz (KSPI) is the cheapest at 7. 4x versus Sea Limited at 121. 5x. On forward P/E, Joint Stock Company Kaspi. kz is actually cheaper at 0. 0x.
03Which is the better long-term investment — KSPI or BEKE or SE or COMP?
Over the past 5 years, Joint Stock Company Kaspi.
kz (KSPI) delivered a total return of +11. 0%, compared to -63. 1% for Sea Limited (SE). Over 10 years, the gap is even starker: SE returned +455. 5% versus COMP's -56. 6%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — KSPI or BEKE or SE or COMP?
By beta (market sensitivity over 5 years), KE Holdings Inc.
(BEKE) is the lower-risk stock at 0. 83β versus Compass, Inc. 's 1. 79β — meaning COMP is approximately 117% more volatile than BEKE relative to the S&P 500. On balance sheet safety, Joint Stock Company Kaspi. kz (KSPI) carries a lower debt/equity ratio of 14% versus 58% for Compass, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — KSPI or BEKE or SE or COMP?
By revenue growth (latest reported year), Joint Stock Company Kaspi.
kz (KSPI) is pulling ahead at 33. 4% versus 20. 2% for KE Holdings Inc. (BEKE). On earnings-per-share growth, the picture is similar: Sea Limited grew EPS 192. 0% year-over-year, compared to -29. 4% for KE Holdings Inc.. Over a 3-year CAGR, KSPI leads at 41. 7% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — KSPI or BEKE or SE or COMP?
Joint Stock Company Kaspi.
kz (KSPI) is the more profitable company, earning 41. 2% net margin versus -0. 8% for Compass, Inc. — meaning it keeps 41. 2% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: KSPI leads at 50. 4% versus -0. 4% for COMP. At the gross margin level — before operating expenses — KSPI leads at 62. 3%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is KSPI or BEKE or SE or COMP more undervalued right now?
On forward earnings alone, Joint Stock Company Kaspi.
kz (KSPI) trades at 0. 0x forward P/E versus 53. 5x for Compass, Inc. — 53. 5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SE: 66. 5% to $147. 67.
08Which pays a better dividend — KSPI or BEKE or SE or COMP?
In this comparison, KSPI (8.
4% yield), BEKE (1. 9% yield) pay a dividend. SE, COMP do not pay a meaningful dividend and should not be held primarily for income.
09Is KSPI or BEKE or SE or COMP better for a retirement portfolio?
For long-horizon retirement investors, KE Holdings Inc.
(BEKE) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 83), 1. 9% yield). Compass, Inc. (COMP) carries a higher beta of 1. 79 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (BEKE: -47. 8%, COMP: -56. 6%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between KSPI and BEKE and SE and COMP?
These companies operate in different sectors (KSPI (Technology) and BEKE (Real Estate) and SE (Consumer Cyclical) and COMP (Technology)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
KSPI, BEKE pay a dividend while SE, COMP do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.
Revenue Growth>
%
(KSPI: 70.1% · BEKE: 2.1%)Net Margin>
%
(KSPI: 30.3% · BEKE: 3.4%)P/E Ratio<
x
(KSPI: 7.4x · BEKE: 36.3x)You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.