FUTU vs. KSPI: Futu vs. Kaspi.kz Stock Comparison

Company Profile

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

Futu (FUTU) has been public since March 8, 2019, giving it a longer listed trading history, while Kaspi.kz (KSPI) listed on January 19, 2024 and still has a shorter public-market record.

Both Futu (FUTU) and Kaspi.kz (KSPI) trade as ADRs — their core financials are comparable, but keep FX, depositary-program fees, and dividend withholding in view for each.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Both Futu (FUTU) at 30.52% and Kaspi.kz (KSPI) at 44.78% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

Futu (FUTU) at 46.20% retains a top-quartile share of revenue as profit, ahead of Kaspi.kz (KSPI) at 24.15%, which keeps about the industry-typical share.

Futu (FUTU) at 66.75% carries a top-quartile operating margin, while Kaspi.kz (KSPI) at 0.00% operates in the bottom quartile.

Profitability Metrics

Growth

Both companies are growing quickly, but Futu (FUTU) at 68.11% is the standout with revenue growth above its industry range; Kaspi.kz (KSPI) at 59.78% also sits in the top quartile.

Futu (FUTU) at 106.38% sits in the top EPS growth quartile, while Kaspi.kz (KSPI) at 2.96% is closer to the peer norm — faster per-share earnings growth for FUTU.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Futu (FUTU) 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: Futu (FUTU) 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 Futu (FUTU) nor Kaspi.kz (KSPI) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Both Futu (FUTU) at 25.80% and Kaspi.kz (KSPI) at 33.12% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

Dividend Metrics

Valuation

Kaspi.kz (KSPI) at 8.40 sits in the cheaper P/E ratio quartile, while Futu (FUTU) at 9.73 is closer to its industry’s usual earnings multiple — a discount for KSPI, though growth and earnings durability still matter.

A sales-based read is only available for Futu (FUTU), whose P/S ratio of 0.57 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 Futu (FUTU) at 2.75 is valued near its industry’s middle — KSPI is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics