COIN vs. KSPI: Coinbase Global vs. Kaspi.kz Stock Comparison

Company Profile

Coinbase Global (COIN) and Kaspi.kz (KSPI) both fall under the Financial Services industry group, but COIN is classified in Capital Markets while KSPI is classified in Consumer Finance.

Coinbase Global (COIN) trades as ordinary local shares, while Kaspi.kz (KSPI) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Coinbase Global (COIN) carries a highly aggressive beta of 3.33, indicating much higher sensitivity to broad-market moves, whereas Kaspi.kz (KSPI) is closer to market-like at 1.05 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Coinbase Global (COIN) reports a negative ROE of -4.68%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Kaspi.kz (KSPI) reports 44.78%, ranking against industry peers normally.

Coinbase Global (COIN) reports a negative net margin of -12.89%, usually indicating a net loss over the period. Meanwhile Kaspi.kz (KSPI) reports 24.15%, ranking against industry peers normally.

Coinbase Global (COIN) reports a negative operating margin of -1.42%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Kaspi.kz (KSPI) reports 0.00%, ranking against industry peers normally.

Profitability Metrics

Growth

Kaspi.kz (KSPI) at 59.78% sits in the top revenue growth quartile, while Coinbase Global (COIN) at 9.40% is closer to the peer norm — faster top-line expansion for KSPI.

Kaspi.kz (KSPI) at 2.96% is around its peer norm for EPS growth, while Coinbase Global (COIN) at -53.06% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Coinbase Global (COIN) in Financial Services and Kaspi.kz (KSPI) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.

debt-to-equity ratio is set aside for both: Coinbase Global (COIN) in Financial Services and Kaspi.kz (KSPI) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.

Financial Strength Metrics

Dividends

Neither Coinbase Global (COIN) nor Kaspi.kz (KSPI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Coinbase Global (COIN) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Kaspi.kz (KSPI) reports a payout of 33.12%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: Kaspi.kz (KSPI) trades at 8.40 times trailing earnings, ranked against its peers, while Coinbase Global (COIN) has no P/E ratio this period.

A sales-based read is only available for Coinbase Global (COIN), whose P/S ratio of 6.56 ranks against industry peers; Kaspi.kz (KSPI) reports no figure this period.

Kaspi.kz (KSPI) at 0.01 sits in the lower P/B ratio quartile against book while Coinbase Global (COIN) at 2.56 is valued near its industry’s middle — KSPI is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics