KSPI vs. NLY: Kaspi.kz vs. Annaly Capital Management Stock Comparison

Company Profile

Kaspi.kz (KSPI) and Annaly Capital Management (NLY) both fall under the Financial Services industry group, but KSPI is classified in Consumer Finance while NLY is classified in Mortgage Real Estate Investment Trusts (REITs).

Annaly Capital Management (NLY) carries decades of public-market history since October 8, 1997, while Kaspi.kz (KSPI) listed on January 19, 2024 — long-window comparisons have far more historical data on the NLY side.

Kaspi.kz (KSPI) trades as an ADR, while Annaly Capital Management (NLY) is a REIT — KSPI carries FX, depositary-fee, and withholding-tax nuances, and NLY is best read against FFO rather than standard earnings multiples.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Annaly Capital Management (NLY) is heavily traded at around 10.28M shares per day, whereas Kaspi.kz (KSPI) sees a more moderate 566.23K — larger orders in the latter may require more patience and tighter control over order sizing.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Kaspi.kz (KSPI) at 44.78% sits in the top ROE quartile, while Annaly Capital Management (NLY) at 7.35% is closer to the peer norm — stronger capital efficiency for KSPI.

Annaly Capital Management (NLY) at 80.27% converts revenue to bottom-line profit above its industry’s benchmark range, while Kaspi.kz (KSPI) at 24.15% keeps roughly the typical share for its industry.

Annaly Capital Management (NLY) at 107.33% 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 Annaly Capital Management (NLY) at 87.29% is the standout with revenue growth above its industry range; Kaspi.kz (KSPI) at 59.78% also sits in the top quartile.

Annaly Capital Management (NLY) at 80.25% 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 NLY.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and Annaly Capital Management (NLY) 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 Annaly Capital Management (NLY) 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 Annaly Capital Management (NLY) reports a yield of 15.38%, ranking against industry peers normally.

Annaly Capital Management (NLY) reports payout ratio above 100% at 201.39%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Kaspi.kz (KSPI) reports 33.12%, ranking against industry peers normally.

Dividend Metrics

Valuation

Kaspi.kz (KSPI) at 8.40 sits in the cheaper P/E ratio quartile, while Annaly Capital Management (NLY) at 13.02 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 Annaly Capital Management (NLY), whose P/S ratio of 10.62 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 Annaly Capital Management (NLY) at 1.05 is valued near its industry’s middle — KSPI is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics