KSPI vs. SPGI: Kaspi.kz vs. S&P Global Stock Comparison

Company Profile

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

S&P Global (SPGI) carries decades of public-market history since February 21, 1973, while Kaspi.kz (KSPI) listed on January 19, 2024 — long-window comparisons have far more historical data on the SPGI side.

S&P Global (SPGI) 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

Kaspi.kz (KSPI) at 44.78% sits in the top ROE quartile, while S&P Global (SPGI) at 17.88% is closer to the peer norm — stronger capital efficiency for KSPI.

S&P Global (SPGI) at 30.60% retains a top-quartile share of revenue as profit, ahead of Kaspi.kz (KSPI) at 24.15%, which keeps about the industry-typical share.

S&P Global (SPGI) at 48.21% runs core operations around its industry’s norm, 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 S&P Global (SPGI) at 7.94% is closer to the peer norm — faster top-line expansion for KSPI.

Both Kaspi.kz (KSPI) at 2.96% and S&P Global (SPGI) at 18.70% 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 S&P Global (SPGI) 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 S&P Global (SPGI) 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 S&P Global (SPGI) reports a yield of 0.82%, ranking against industry peers normally.

Both Kaspi.kz (KSPI) at 33.12% and S&P Global (SPGI) at 22.06% 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 S&P Global (SPGI) at 27.95 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 S&P Global (SPGI), whose P/S ratio of 8.32 ranks against industry peers; Kaspi.kz (KSPI) reports no figure this period.

Kaspi.kz (KSPI) at 0.01 looks cheap against book in the lower P/B ratio quartile, while S&P Global (SPGI) at 6.88 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics