KSPI vs. MSCI: Kaspi.kz vs. MSCI Stock Comparison

Company Profile

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

MSCI (MSCI) has been public since November 15, 2007, giving it a longer listed trading history, while Kaspi.kz (KSPI) listed on January 19, 2024 and still has a shorter public-market record.

MSCI (MSCI) 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

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Capital efficiency shows on one side only: Kaspi.kz (KSPI) earns 44.78% on shareholders’ equity, ranked against its industry; MSCI (MSCI) has no ROE this period.

MSCI (MSCI) at 40.31% retains a top-quartile share of revenue as profit, ahead of Kaspi.kz (KSPI) at 24.15%, which keeps about the industry-typical share.

MSCI (MSCI) at 56.41% carries a top-quartile operating margin, while Kaspi.kz (KSPI) at 0.00% operates in the bottom quartile.

Profitability Metrics

Growth

Kaspi.kz (KSPI) at 59.78% sits in the top revenue growth quartile, while MSCI (MSCI) at 9.75% is closer to the peer norm — faster top-line expansion for KSPI.

Both Kaspi.kz (KSPI) at 2.96% and MSCI (MSCI) at 11.67% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and MSCI (MSCI) 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: Kaspi.kz (KSPI) in Financial Services and MSCI (MSCI) 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

Kaspi.kz (KSPI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile MSCI (MSCI) reports a yield of 1.21%, ranking against industry peers normally.

Both Kaspi.kz (KSPI) at 33.12% and MSCI (MSCI) at 42.04% 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 MSCI (MSCI) at 33.90 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

A sales-based read is only available for MSCI (MSCI), whose P/S ratio of 13.58 ranks against industry peers; Kaspi.kz (KSPI) reports no figure this period.

MSCI (MSCI) reports a negative P/B ratio of -15.24, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Kaspi.kz (KSPI) reports 0.01, ranking against industry peers normally.

Valuation Metrics