Joint Stock Company Kaspi.kz (KSPI)
Every figure this model derived for KSPI, the value it took, and the element in the company's own XBRL it was read from — so any of it can be checked against the filing rather than taken on trust. As at 2025-12-31.
The figures, and where each came from
This is the part no other screener shows. Each figure below names the XBRL element it was read from, so it can be checked against the filing itself.
| Figure | Value | XBRL tag | As at |
|---|---|---|---|
| capex | 182,513,000,000 | PurchaseOfPropertyPlantAndEquipmentIntangibleAssetsOtherThanGoodwillInvestmentPropertyAndOtherNoncurrentAssets |
2025-12-31 |
| cash | 903,143,000,000 | CashAndCashEquivalents |
2025-12-31 |
| equity | 2,491,843,000,000 | EquityAttributableToOwnersOfParent |
2025-12-31 |
| interest expense | 825,849,000,000 | InterestExpense |
2025-12-31 |
| ocf | 673,611,000,000 | CashFlowsFromUsedInOperatingActivities |
2025-12-31 |
| revenue | 4,046,074,000,000 | Revenue |
2025-12-31 |
| sbc | 15,476,000,000 | ExpenseFromSharebasedPaymentTransactionsWithEmployees |
2025-12-31 |
The ratios
The figures themselves rather than their scores — what somebody looking up KSPI on one particular measure came for.
| Ratio | Value |
|---|---|
| dilution pct | 0.25 |
| fcf margin | 12.14 |
| growth cv | 0.22 |
| owner earnings margin | 11.76 |
| revenue growth | 59.79 |
| revenue growth per share | 59.4 |
| sbc pct revenue | 0.38 |
Everything else this filing tags
148 more elements from KSPI's own XBRL that this model has no measure for, newest reading each, largest first. Nothing here is converted, added up or renamed — it is the filing's own element names and the filing's own numbers.
| Element | Newest | As of | Periods | Unit |
|---|---|---|---|---|
Assets | 11,081,748,000,000 | 2025-12-31 | 6 | KZT |
EquityAndLiabilities | 11,081,748,000,000 | 2025-12-31 | 6 | TJS |
FinancialAssets | 9,709,626,000,000 | 2025-12-31 | 6 | KZT |
Liabilities | 8,480,171,000,000 | 2025-12-31 | 6 | KZT |
FinancialLiabilities | 8,286,776,000,000 | 2025-12-31 | 6 | KZT |
DepositsFromCustomers | 7,531,286,000,000 | 2025-12-31 | 6 | KZT |
LoansAndAdvancesToCustomers | 7,172,162,000,000 | 2025-12-31 | 6 | KZT |
MaximumExposureToCreditRisk | 6,281,705,000,000 | 2025-12-31 | 6 | KZT |
OperatingExpense | 2,714,156,000,000 | 2025-12-31 | 9 | KZT |
Equity | 2,601,577,000,000 | 2025-12-31 | 12 | KZT |
RetainedEarnings | 2,543,785,000,000 | 2025-12-31 | 6 | KZT |
CashFlowsFromUsedInOperationsBeforeChangesInWorkingCapital | 1,668,618,000,000 | 2025-12-31 | 9 | KZT |
AdjustmentsForDecreaseIncreaseInLoansAndAdvancesToCustomers | -1,662,914,000,000 | 2025-12-31 | 9 | KZT |
FeeAndCommissionIncome | 1,654,238,000,000 | 2025-12-31 | 9 | KZT |
FeeAndCommissionIncomeExpense | 1,598,351,000,000 | 2025-12-31 | 9 | KZT |
InterestRevenueCalculatedUsingEffectiveInterestMethod | 1,579,346,000,000 | 2025-12-31 | 9 | KZT |
InterestIncomeOnLoansAndAdvancesToCustomers | 1,359,389,000,000 | 2025-12-31 | 3 | KZT |
ProfitLossBeforeTax | 1,331,918,000,000 | 2025-12-31 | 9 | KZT |
PaymentsToSuppliersForGoodsAndServices | 1,188,016,000,000 | 2025-12-31 | 9 | KZT |
CostOfSales | 1,179,141,000,000 | 2025-12-31 | 9 | KZT |
FinancialAssetsAtFairValueThroughOtherComprehensiveIncome | 1,155,282,000,000 | 2025-12-31 | 6 | KZT |
ProfitLossAttributableToOwnersOfParent | 1,073,177,000,000 | 2025-12-31 | 9 | KZT |
ProfitLoss | 1,067,707,000,000 | 2025-12-31 | 9 | KZT |
ComprehensiveIncome | 995,200,000,000 | 2025-12-31 | 9 | KZT |
ComprehensiveIncomeAttributableToOwnersOfParent | 991,606,000,000 | 2025-12-31 | 9 | KZT |
AdjustmentsForIncreaseDecreaseInDepositsFromCustomers | 974,460,000,000 | 2025-12-31 | 9 | KZT |
CashFlowsFromUsedInOperations | 934,519,000,000 | 2025-12-31 | 9 | KZT |
InterestPaidClassifiedAsOperatingActivities | 874,234,000,000 | 2025-12-31 | 9 | KZT |
CashAndBankBalancesAtCentralBanks | 721,779,000,000 | 2025-12-31 | 6 | KZT |
DividendsPaid | 646,056,000,000 | 2024-12-31 | 8 | KZT |
CashFlowsFromUsedInInvestingActivities | -507,803,000,000 | 2025-12-31 | 9 | KZT |
Goodwill | 447,128,000,000 | 2025-12-31 | 4 | KZT |
GoodwillRecognisedAsOfAcquisitionDate | 429,690,000,000 | 2025-12-31 | 2 | KZT |
AdditionalRecognitionGoodwill | 422,231,000,000 | 2025-12-31 | 2 | KZT |
LoansAndAdvancesAtAmortisedCostAllowanceForExpectedCreditLosses | 371,764,000,000 | 2025-12-31 | 4 | KZT |
TradeAndOtherPayables | 346,401,000,000 | 2025-12-31 | 2 | KZT |
DebtSecurities | 331,992,000,000 | 2025-12-31 | 8 | KZT |
ProceedsFromIssueOfBondsNotesAndDebentures | 326,047,000,000 | 2025-12-31 | 3 | KZT |
BalancesWithBanks | 305,126,000,000 | 2025-12-31 | 6 | KZT |
MandatoryReserveDepositsAtCentralBanks | 305,126,000,000 | 2025-12-31 | 4 | KZT |
IncreaseDecreaseInCashAndCashEquivalents | 283,673,000,000 | 2025-12-31 | 9 | KZT |
TaxExpenseIncomeAtApplicableTaxRate | 266,384,000,000 | 2025-12-31 | 9 | KZT |
IncomeTaxExpenseContinuingOperations | 264,211,000,000 | 2025-12-31 | 9 | KZT |
IncomeTaxesPaidRefundClassifiedAsOperatingActivities | 260,908,000,000 | 2025-12-31 | 9 | KZT |
OtherLiabilities | 254,148,000,000 | 2025-12-31 | 6 | KZT |
AllowanceAccountForCreditLossesOfFinancialAssets | 242,532,000,000 | 2023-12-31 | 2 | KZT |
TradeAndOtherPayablesToTradeSuppliers | 219,274,000,000 | 2025-12-31 | 2 | KZT |
EmployeeBenefitsExpense | 212,536,000,000 | 2025-12-31 | 9 | KZT |
ResearchAndDevelopmentExpense | 208,580,000,000 | 2025-12-31 | 9 | KZT |
CurrentTaxExpenseIncome | 197,771,000,000 | 2025-12-31 | 9 | KZT |
OtherNonfinancialLiabilities | 193,234,000,000 | 2025-12-31 | 6 | KZT |
OtherAssets | 183,536,000,000 | 2025-12-31 | 6 | KZT |
CashOnHand | 181,410,000,000 | 2025-12-31 | 6 | KZT |
TreasuryShares | 169,985,000,000 | 2025-12-31 | 6 | KZT |
ChangesInFairValueOfFinancialAssetsAttributableToChangesInCreditRiskOfFinancialAssets | 161,651,000,000 | 2025-12-31 | 9 | KZT |
AdjustmentsForIncreaseDecreaseInOtherLiabilities | 152,702,000,000 | 2025-12-31 | 9 | KZT |
CashFlowsFromUsedInFinancingActivities | 150,251,000,000 | 2025-12-31 | 9 | KZT |
SalesAndMarketingExpense | 146,231,000,000 | 2025-12-31 | 9 | KZT |
OtherAssets | 135,598,000,000 | 2023-12-31 | 2 | KZT |
IssuedCapital | 130,144,000,000 | 2025-12-31 | 6 | KZT |
FinishedGoods | 127,694,000,000 | 2025-12-31 | 2 | KZT |
Inventories | 124,522,000,000 | 2025-12-31 | 2 | KZT |
InventoriesTotal | 124,522,000,000 | 2025-12-31 | 2 | KZT |
OtherLiabilities | 115,272,000,000 | 2023-12-31 | 2 | KZT |
NoncontrollingInterests | 109,734,000,000 | 2025-12-31 | 6 | KZT |
OtherFinancialAssets | 108,460,000,000 | 2025-12-31 | 6 | KZT |
OtherNonfinancialAssets | 87,533,000,000 | 2025-12-31 | 6 | KZT |
IncreaseDecreaseThroughAcquisitionOfSubsidiary | 85,736,000,000 | 2025-12-31 | 6 | KZT |
IncreaseDecreaseThroughTransfersFinancialAssets | -84,883,000,000 | 2025-12-31 | 9 | KZT |
IncreaseThroughOriginationOrPurchaseFinancialAssets | 78,704,000,000 | 2025-12-31 | 9 | KZT |
DepreciationAndAmortisationExpense | 78,252,000,000 | 2025-12-31 | 9 | KZT |
GeneralAndAdministrativeExpense | 78,252,000,000 | 2025-12-31 | 9 | KZT |
GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax | -76,378,000,000 | 2025-12-31 | 9 | KZT |
OtherComprehensiveIncome | -72,507,000,000 | 2025-12-31 | 9 | KZT |
DeferredTaxLiabilities | 71,409,000,000 | 2025-12-31 | 6 | KZT |
DeferredTaxLiabilityAsset | -70,767,000,000 | 2025-12-31 | 12 | KZT |
DeferredTaxExpenseIncomeRecognisedInProfitOrLoss | 66,440,000,000 | 2025-12-31 | 9 | KZT |
IncreaseDecreaseThroughBusinessCombinationsDeferredTaxLiabilityAsset | 65,834,000,000 | 2025-12-31 | 1 | KZT |
OtherFinancialLiabilities | 60,914,000,000 | 2025-12-31 | 6 | KZT |
PaymentsForDebtIssueCosts | 48,996,000,000 | 2025-12-31 | 6 | KZT |
PropertyPlantAndEquipmentGrossCarryingAmountFullyDepreciated | 41,895,000,000 | 2025-12-31 | 6 | KZT |
AccumulatedOtherComprehensiveIncome | -40,545,000,000 | 2025-12-31 | 6 | KZT |
AdjustmentsForDecreaseIncreaseInFinancialAssetsHeldForTrading | -40,473,000,000 | 2025-12-31 | 9 | KZT |
TaxEffectOfRevenuesExemptFromTaxation2011 | 34,038,000,000 | 2025-12-31 | 9 | KZT |
IncreaseDecreaseThroughChangeInEquityOfSubsidiaries | -33,720,000,000 | 2025-12-31 | 1 | KZT |
GainsLossesOnNetMonetaryPosition | 33,313,000,000 | 2025-12-31 | 3 | KZT |
ContractLiabilities | 32,874,000,000 | 2025-12-31 | 5 | KZT |
EffectOfExchangeRateChangesOnCashAndCashEquivalents | -32,386,000,000 | 2025-12-31 | 9 | KZT |
ReserveOfSharebasedPayments | 27,938,000,000 | 2025-12-31 | 6 | KZT |
FinancialAssetsAtFairValueThroughProfitOrLoss | 22,464,000,000 | 2025-12-31 | 6 | KZT |
IncreaseDecreaseThroughTreasuryShareTransactions | -21,907,000,000 | 2025-12-31 | 8 | KZT |
PaymentsToAcquireOrRedeemEntitysShares | 21,907,000,000 | 2025-12-31 | 8 | KZT |
InvestmentPropertyFairValueUsedAsDeemedCost | 21,085,000,000 | 2025-12-31 | 6 | KZT |
OtherGainsLosses | 18,250,000,000 | 2025-12-31 | 9 | KZT |
TaxEffectFromChangeInTaxRate | -17,229,000,000 | 2025-12-31 | 1 | KZT |
DepositsFromBanks | 16,183,000,000 | 2025-12-31 | 6 | KZT |
LiabilitiesDueToCentralBanks | 16,183,000,000 | 2025-12-31 | 6 | KZT |
InvestmentProperty | 14,100,000,000 | 2025-12-31 | 6 | KZT |
DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes | -13,996,000,000 | 2025-12-31 | 1 | KZT |
FinancialAssetsWithContractualCashFlowsModifiedDuringReportingPeriodWhileLossAllowanceMeasuredAtLifetimeExpectedCreditLossesModificationGainLoss | -12,653,000,000 | 2024-12-31 | 1 | KZT |
DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities | 12,069,000,000 | 2025-12-31 | 9 | KZT |
DividendsRecognisedAsDistributionsToNoncontrollingInterests | 12,069,000,000 | 2025-12-31 | 9 | KZT |
OtherCashReceiptsFromOperatingActivities | 10,818,000,000 | 2025-12-31 | 9 | KZT |
TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss | 7,600,000,000 | 2025-12-31 | 9 | KZT |
IncreaseDecreaseThroughNetExchangeDifferencesGoodwill | 7,459,000,000 | 2025-12-31 | 2 | KZT |
DerivativeFinancialLiabilities | 7,059,000,000 | 2025-12-31 | 6 | KZT |
AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesHeldForTrading | 6,797,000,000 | 2025-12-31 | 9 | KZT |
ProfitLossAttributableToNoncontrollingInterests | -5,470,000,000 | 2025-12-31 | 9 | KZT |
IncreaseDecreaseInAllowanceAccountForCreditLossesOfFinancialAssets | -5,405,000,000 | 2022-12-31 | 1 | KZT |
AdjustmentsForDecreaseIncreaseInOtherAssets | -4,010,000,000 | 2025-12-31 | 9 | KZT |
ComprehensiveIncomeAttributableToNoncontrollingInterests | 3,594,000,000 | 2025-12-31 | 9 | KZT |
TaxEffectOfForeignTaxRates | 3,428,000,000 | 2025-12-31 | 1 | KZT |
OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax | 3,149,000,000 | 2023-12-31 | 3 | KZT |
GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss | 2,746,000,000 | 2025-12-31 | 9 | KZT |
OtherComprehensiveIncomeBeforeTaxExchangeDifferencesOnTranslation | 2,507,000,000 | 2025-12-31 | 9 | KZT |
AdjustmentsForCurrentTaxOfPriorPeriod | 2,301,000,000 | 2025-12-31 | 4 | KZT |
FinancialAssetsAtAmortisedCost | 2,073,000,000 | 2025-12-31 | 2 | KZT |
TaxEffectOfTaxLosses | 1,231,000,000 | 2025-12-31 | 1 | KZT |
DebtSecurities | 650,000,000 | 2025-03-31 | 1 | USD |
CurrentTaxLiabilities | 638,000,000 | 2025-12-31 | 6 | KZT |
AdditionalPaidinCapital | 506,000,000 | 2025-12-31 | 6 | KZT |
InterestPayable | 494,000,000 | 2025-12-31 | 6 | KZT |
AdjustedWeightedAverageShares | 191,900,721 | 2025-12-31 | 9 | shares |
WeightedAverageShares | 190,581,647 | 2025-12-31 | 9 | shares |
SubordinatedLiabilities | 161,000,000 | 2025-12-31 | 6 | KZT |
IncreaseDecreaseThroughForeignExchangeFinancialAssets | 105,000,000 | 2025-12-31 | 9 | KZT |
ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities | 7,000,000 | 2025-12-31 | 9 | KZT |
OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments | -6,000,000 | 2025-12-31 | 9 | KZT |
NumberOfOutstandingShareOptions | 1,319,074 | 2025-12-31 | 9 | shares |
BalancesOnCurrentAccountsFromCustomers | 1,296,000 | 2025-12-31 | 3 | KZT |
NumberOfSharesIssuedAndFullyPaid | 130,144 | 2025-12-31 | 9 | shares |
BasicEarningsLossPerShare | 5,631 | 2025-12-31 | 9 | KZT/shares |
DilutedEarningsLossPerShare | 5,592 | 2025-12-31 | 9 | KZT/shares |
DividendsRecognisedAsDistributionsToOwnersPerShare | 850 | 2024-11-30 | 16 | KZT/shares |
PercentageOfEntitysRevenue | 1 | 2023-12-31 | 1 | pure |
ActuarialAssumptionOfExpectedRatesOfInflation | 0 | 2025-12-31 | 1 | pure |
ApplicableTaxRate | 0 | 2025-12-31 | 9 | pure |
BorrowingsInterestRate | 0 | 2025-03-31 | 1 | pure |
DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections | 0 | 2025-12-31 | 1 | pure |
AmountByWhichValueAssignedToKeyAssumptionMustChangeInOrderForUnitsRecoverableAmountToBeEqualToCarryingAmount | 0 | 2025-12-31 | 1 | pure |
DividendsPaidClassifiedAsFinancingActivities | 0 | 2025-12-31 | 9 | KZT |
DividendsRecognisedAsDistributionsToOwnersOfParent | 0 | 2025-12-31 | 22 | KZT |
IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss | 0 | 2023-12-31 | 3 | KZT |
IncomeTaxRelatingToFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncome | 0 | 2023-12-31 | 3 | KZT |
ShorttermDepositsClassifiedAsCashEquivalents | 0 | 2025-12-31 | 4 | KZT |
TransfersOutOfLevel1IntoLevel2OfFairValueHierarchyAssets | 0 | 2023-12-31 | 2 | KZT |
TransfersOutOfLevel2IntoLevel1OfFairValueHierarchyAssets | 0 | 2023-12-31 | 2 | KZT |
TransfersOutOfLevel3OfFairValueHierarchyAssets | 0 | 2025-12-31 | 6 | KZT |
What to be careful about
What this model itself distrusts about KSPI's figures. Written by the derivation as it ran, not added afterwards.
- presents no operating result; summing the costs it tags misses its own pre-tax profit by 30.8% of revenue, far more than interest can explain, so a cost line it does not tag is missing and the sum was refused rather than used
- revenue is annual, not TTM
- no operating income found in XBRL
- reports in KZT while its share price is quoted in USD, and no exchange rate could be used (no rate for USD to KZT that is less than 30 days old, and this is not a refresh). Every multiple would pair one currency with another, so none of them is a ratio — set `market_cap` in overrides.yaml in KZT to score it
- gross profit not tagged; rebuilt from Revenue - CostOfSales
- forward EPS growth +8.7% is analyst consensus, not a filing: consensus 2027 EPS 6629.91 against trailing 5612.78, over 2 year(s), from 3 analysts (taken 2026-09-18)
- quality DROPPED from the total: only 2 of 5 inputs could be computed (operating margin, roic, cash operating margin not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- valuation DROPPED from the total: only 0 of 2 inputs could be computed (ev ebit, ev owner earnings not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- durability rests on 3 of 4 inputs; not tagged: contracted coverage
- resilience DROPPED from the total: only 1 of 3 inputs could be computed (interest cover, liquidity not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- growth DROPPED from the total: only 2 of 4 inputs could be computed (margin trend, margin recent not tagged), so the score is not meaningful. Its weight is spread over the other dimensions
- 4 of 5 dimensions could not be measured (quality, valuation, resilience, growth -- 90% of the model), so this row is not comparable with the others; its total rests on what was left