Joint Stock Company Kaspi.kz
KSPITechnology · Stock · quarterly payer
Forward Yield
5.91%
Annual Dividend
$5.74
Payout Ratio
31%
5-Yr Growth
—
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Joint Stock Company Kaspi.kz (KSPI) yields 5.91% ($5.74 per share annually), with a blended fair-value estimate of $197.27 — +97% upside, so it screens as undervalued.
Is KSPI a good dividend stock?
MixedJoint Stock Company Kaspi.kz (KSPI) pays a quarterly dividend yielding 5.91% ($5.74/yr), with 0 years of growth. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (31%)
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 5.91%
- Payout Ratio
- 31%
- Annual Dividend
- $5.74
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.10
- Market Cap
- $19.0B
- P/E Ratio
- 8.2
- 5-Yr Total Return
- —
- 52-Week Range
- $68.59 – $109.94
- Dividend Safety
- —
- Ever Cut?
- No
Frequently Asked Questions
KSPI Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+9%
5 Years
—
52-Week Range
$68.59 – $109.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KSPI worth?
Undervaluedlow confidenceOur blended fair-value estimate for Joint Stock Company Kaspi.kz is $197.27 per share, versus a market price of $99.89. That implies 97% of upside — a margin of safety of about 49%.
Fair Value
$197.27
Current Price
$99.89
Upside
+97%
Margin of Safety
49%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 18.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 18.1% stage-1 growth, 2.5% terminal growth, $12.24 EPS, $5.74 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $2.1740 | regular |
| Sep 10, 2026 | — | $2.1490 | regular |
| Jun 12, 2026 | — | $1.7980 | regular |
| Apr 16, 2026 | — | $1.7600 | regular |
| Nov 20, 2024 | — | $1.7140 | regular |
| Aug 22, 2024 | — | $1.7720 | regular |
| May 23, 2024 | — | $1.9190 | regular |
| Apr 12, 2024 | — | $1.9010 | regular |
Income Calculator
At $5.74 / yr per share
