ALMATY, Kazakhstan, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Kaspi.kz (KSPI US) will report its financial results for the quarter and year ending December 31st, 2025, on Monday, 2nd March, 2026. On that day, management will hold a conference call and webcast at 8.00am EST to review and discuss the company's results for the period. 4th Quarter & full-year 2025 Financial Results Conference Call Monday, 2nd March, 2026 To pre-register for this call, please go to the following link:Register Now You will receive your ...

Core Viewpoint - Kaspi.kz (KSPI) is considered an undervalued stock with significant growth potential in the Kazakh market, which is underpenetrated compared to Turkey, with growth rates potentially exceeding 20% [1] Company Analysis - The investment philosophy focuses on a GARP (Growth at a Reasonable Price) approach, seeking companies with sustainable growth potential that are trading at attractive valuations [1] - The research process emphasizes fundamental analysis and unit economics as key indicators of a company's long-term viability [1] - Proprietary Excel models are built for each analysis to break down revenue streams and cost structures, providing a deeper understanding of the business mechanics [1] Market Insights - The Kazakh market is highlighted as having significant growth opportunities that are currently not fully realized, contrasting with the more saturated Turkish market [1]

Group 1 - Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is considered one of the most undervalued foreign stocks to buy, with analysts projecting a 12-month price target indicating over 23.8% upside and 67% of analysts maintaining a Buy rating [1] - Citi has reiterated a Buy rating on Kaspi.kz with a price target of $100, while J.P. Morgan has lowered its price target from $96 to $88, maintaining a Hold rating [2] - J.P. Morgan's analyst Reginald Smith noted that the cautious outlook for the fintech sector in 2026 is due to expected slower growth from a weaker labor market and tariffs, although tax rate cuts may offset this slowdown [3] Group 2 - Wall Street anticipates that Kaspi.kz will report revenue of approximately $2.31 billion and GAAP EPS of around $3.12 for fiscal Q4 2025 [4] - Kaspi.kz operates in three segments: Payments, Marketplace, and Fintech, providing solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine [4]

Core Insights - The company is currently trading at a price-to-earnings ratio of 6.89 times earnings [1] - It boasts a return on equity of 59.6% [1] - The company has a gross margin of 68% [1] - Revenue growth stands at an impressive 73% [1]

Group 1 - Joint Stock Company Kaspi.kz (NASDAQ:KSPI) is considered one of the most undervalued fintech stocks to buy now, with Wolfe Research reiterating a Buy rating and a price target of $95 [1] - J.P. Morgan has a Hold rating on the stock, lowering its price target from $96 to $88, reflecting a cautious outlook on financial technology stocks due to expected slower growth in 2026 [2] - Kaspi.kz is set to release its fiscal Q4 2025 results on February 24, with Wall Street expecting quarterly revenue of approximately $2.31 billion and a GAAP EPS of $3.12 [3] Group 2 - Kaspi.kz operates in three segments: Payments, Marketplace, and Fintech, providing solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine [3]

Group 1: Fintech Stocks Overview - Five fintech stocks to watch include Rocket Companies, UP Fintech, Joint Stock Company Kaspi.kz, DeFi Development, and Society Pass, identified by MarketBeat's stock screener tool [2] - Fintech stocks represent companies that utilize technology to provide financial services, such as payment processing, digital banking, and online lending, offering exposure to innovation-driven growth in finance [2] Group 2: Rocket Companies (RKT) - Rocket Companies, Inc. is a fintech holding company that provides mortgage lending, title and settlement services, and other financial technology services in the U.S. and Canada [3] - The company operates through two segments: Direct to Consumer and Partner Network, with solutions including Rocket Mortgage, Amrock, Rocket Homes, and Rocket Loans [3] Group 3: UP Fintech (TIGR) - UP Fintech Holding Limited focuses on providing online brokerage services primarily for Chinese investors, offering a platform for trading stocks, options, and other financial instruments [4] - The company also provides value-added services such as investor education and community engagement [4] Group 4: Joint Stock Company Kaspi.kz (KSPI) - Joint Stock Company Kaspi.kz offers payments, marketplace, and fintech solutions in Kazakhstan, operating through three segments: Payments Platform, Marketplace Platform, and Fintech Platform [5] - The Payments Platform facilitates transactions between customers and merchants [5] Group 5: DeFi Development (DFDV) - DeFi Development is a B2B fintech marketplace that connects commercial property borrowers and lenders, aiming to enhance efficiency and transparency in the commercial real estate lending market [6] - The platform provides technology to assist borrowers in refinancing, building, or purchasing commercial properties [6] Group 6: Society Pass (SOPA) - Society Pass Incorporated operates fintech and e-commerce platforms across multiple countries, including Singapore, Vietnam, and the U.S., focusing on various segments such as online grocery delivery and digital marketing [7][8] - The company aims to serve both consumers and merchants through its diverse range of services [8]

Core Viewpoint - Kaspi.kz is identified as a promising tech stock, but JPMorgan has lowered its price target for the company, reflecting a cautious outlook for the fintech sector in 2026 due to economic factors [1]. Financial Performance - In Q3 2025, Kaspi.kz reported a total revenue increase of 20% year-over-year, reaching KZT797 billion, excluding Turkey [2]. - Total Payment Volume (TPV) grew by 18%, while transaction volume increased by 14% [2]. - The fintech segment's revenue rose by 24%, driven by a 16% increase in Total Financial Engagement (TFE) and strong performance in merchant lending [3]. - The fintech loan portfolio expanded significantly, growing by 30% year-over-year [3]. - Advertising revenue surged by 56%, supported by new services enabling merchants to advertise on platforms like Facebook and Instagram [3]. Company Overview - Kaspi.kz operates in three segments: Payments, Marketplace, and Fintech, providing solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine [4].

Core Insights - The market continues to undervalue cyclical sectors such as Energy and Financials, despite their strong cash generation and solid business models [1][8] - Deep value opportunities are concentrated in capital-intensive sectors, with Energy, Financials, and Materials showing significant cash flow generation [9] Energy Sector - Equinor (EQNR) ranks first with an Acquirer's Multiple (AM) of 2.3 and a 12.0% free cash flow yield, indicating strong cash flow generation and low leverage [2] - Petrobras (PBR) is highlighted as one of the cheapest large caps globally, with an AM of 4.3 and a 27.0% dividend yield, suggesting that the stock is undervalued due to political concerns rather than operational performance [3] Financial Sector - Synchrony Financial (SYF) has an AM of 2.6 and a 9.2% shareholder yield, yet it trades as if a severe credit downturn is imminent, indicating a significant valuation disconnect [4] Materials Sector - Alcoa (AA) shows an AM of 6.3 and a 4.8% free cash flow yield, with potential for upside as the market currently prices in prolonged weakness in industrial metals [6] Defensive Value - Regulated and essential-service businesses are providing predictable earnings and stable distributions, offering defensive value in a market focused on growth [7] Macro Context - Despite soft macro sentiment, companies in Energy, Financials, and Materials are producing record free cash flow and maintaining low leverage, suggesting that market fears regarding credit stress and commodity peaks are overstated [8]

Core Viewpoint - The company, Kaspi.kz (KSPI), has signed a share purchase agreement with Rabobank Group for the acquisition of Rabobank's Turkish subsidiary, Rabobank A.S., with the transaction expected to close in mid-2026, pending regulatory approvals and customary closing conditions [1]. Group 1 - The share purchase agreement was signed on March 27, 2025 [1]. - The acquisition involves Rabobank's Turkish subsidiary, Rabobank A.S. [1]. - The closing of the transaction is subject to regulatory approvals and customary closing conditions [1].

Group 1 - Kaspi.kz signed a share purchase agreement with Rabobank Group for the acquisition of Rabobank's Turkish subsidiary Rabobank A.Ş., with the transaction expected to close in mid-2026 pending regulatory approvals [1] - Kaspi.kz operates a unique two-sided Super App model, which includes the Kaspi.kz Super App for consumers and Kaspi Pay Super App for merchants, aimed at improving people's lives through innovative mobile products and services [2] - The company provides leading Payments, Marketplace, and Fintech Platforms through its Super Apps, facilitating connections and transactions between consumers and merchants [3] Group 2 - Kaspi.kz has a significant presence in Türkiye, owning a 69.46% stake in Hepsiburada, a leading e-commerce company in the country, contributing to its strong top-line growth and profitable business model [4] - The company has been recognized academically, with Harvard Business School writing two case studies on Kaspi.kz, which are taught to MBA students [5] - Kaspi.kz has been listed on Nasdaq since January 2024, indicating its growth and expansion in the financial markets [5]