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KSPI vs. TOST: Kaspi.kz vs. Toast Stock Comparison

How do Kaspi.kz (KSPI) and Toast (TOST) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

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

Toast (TOST) 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.

Company profile comparison for Kaspi.kz (KSPI) and Toast (TOST)
Profile ItemKSPITOST
NameKaspi.kz JSC ADRToast, Inc. Class A Common Stock
Country/RegionKazakhstanUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryConsumer FinanceFinancial Services
GICS Sub-IndustryConsumer FinanceTransaction & Payment Processing Services
Market Capitalization17.42 billion USD20.14 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJanuary 19, 2024September 22, 2021
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

KSPI
TOST
GSPC
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Kaspi.kz (KSPI) vs. Toast (TOST), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Kaspi.kz (KSPI) and Toast (TOST). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Kaspi.kz (KSPI) and Toast (TOST). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
Total Return (1Y)34.75%-5.92%
Total Return (3Y, Annualized)--35.73%
Total Return (5Y, Annualized)---10.54%

Risk Profile

Drawdown History

KSPI
TOST
GSPC
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Kaspi.kz (KSPI) vs. Toast (TOST), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Kaspi.kz (KSPI) and Toast (TOST). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
Volatility (1Y, Annualized)34.36%45.32%
Beta (5Y)1.051.66
Max Drawdown (5Y)-48.88%-79.13%
Avg. Volume (3M)566.23K8.73M

Risk-Adjusted Performance

Risk-Return Positioning

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KSPI and TOST are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
Sharpe Ratio (1Y)0.89-0.23
Sortino Ratio (1Y)1.47-0.31

Profitability

ROE (TTM)

Both Kaspi.kz (KSPI) at 44.78% and Toast (TOST) at 25.58% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

KSPI

Financial Services industry group

44.78%

KSPI
44.78%
Max
44.78%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%

TOST

Financial Services industry group

25.58%

Max
44.78%
TOST
25.58%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Kaspi.kz (KSPI) at 24.15% and Toast (TOST) at 7.69% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

KSPI

Financial Services industry group

24.15%

Max
62.84%
Q3
28.05%
KSPI
24.15%
Median
15.36%
Q1
4.82%
Min
-28.52%

TOST

Financial Services industry group

7.69%

Max
62.84%
Q3
28.05%
Median
15.36%
TOST
7.69%
Q1
4.82%
Min
-28.52%
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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Kaspi.kz (KSPI) at 0.00% and Toast (TOST) at 8.63% generate less operating profit per sales dollar than peers, sitting in the lower operating margin quartile of their industries.

KSPI

Financial Services industry group

0.00%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
KSPI
0.00%
Min
-44.34%

TOST

Financial Services industry group

8.63%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
TOST
8.63%
Min
-44.34%
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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
ROE (TTM)44.78%25.58%
ROA (TTM)13.54%10.30%
Net Margin (TTM)24.15%7.69%
Operating Margin (TTM)0.00%8.63%
Gross Margin (TTM)----

Growth

Revenue Growth

Kaspi.kz (KSPI) at 59.78% sits in the top revenue growth quartile, while Toast (TOST) at 24.05% is closer to the peer norm — faster top-line expansion for KSPI.

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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their Revenue Growth across different time periods.

EPS Growth

Toast (TOST) at 1,766.67% clears its industry range for EPS growth, a much stronger earnings trajectory than Kaspi.kz (KSPI) at 2.96%, which is closer to a typical peer reading.

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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
Revenue Growth (YoY)59.78%24.05%
Revenue Growth (3Y CAGR)47.54%31.10%
EPS Growth (YoY)2.96%1,766.67%
EPS Growth (3Y CAGR)22.85%--

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and Toast (TOST) 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 / Equity (MRQ)

debt-to-equity ratio is set aside for both: Kaspi.kz (KSPI) in Financial Services and Toast (TOST) 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

Financial strength metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

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

KSPI

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
KSPI
0.00%
Q1
0.00%
Min
0.00%

TOST

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
TOST
0.00%
Q1
0.00%
Min
0.00%
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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Toast (TOST) 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.

KSPI

Financial Services industry group

33.12%

Max
241.07%
Q3
97.36%
KSPI
33.12%
Median
25.77%
Q1
0.00%
Min
0.00%

TOST

Financial Services industry group

0.00%

Max
241.07%
Q3
97.36%
Median
25.77%
TOST
0.00%
Q1
0.00%
Min
0.00%
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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)33.12%0.00%

Valuation

P/E Ratio (TTM)

Kaspi.kz (KSPI) at 8.40 sits in the cheaper P/E ratio quartile, while Toast (TOST) at 38.10 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.

KSPI

Financial Services industry group

8.40

Max
45.85
Q3
24.64
Median
15.37
Q1
9.68
KSPI
8.40
Min
0.16

TOST

Financial Services industry group

38.10

Max
45.85
TOST
38.10
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
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Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

A sales-based read is only available for Toast (TOST), whose P/S ratio of 2.82 ranks against industry peers; Kaspi.kz (KSPI) reports no figure this period.

KSPI

Financial Services industry group

--

Max
9.23
Q3
4.57
Median
2.72
Q1
1.28
Min
-0.55
KSPI
--

TOST

Financial Services industry group

2.82

Max
9.23
Q3
4.57
TOST
2.82
Median
2.72
Q1
1.28
Min
-0.55
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Kaspi.kz (KSPI) vs. Toast (TOST): KSPI does not report P/S ratio, so it has no value marker; TOST is benchmarked against the Financial Services industry group.

P/B Ratio (MRQ)

Kaspi.kz (KSPI) at 0.01 sits in the lower P/B ratio quartile relative to book while Toast (TOST) at 8.79 prices above its industry range — a wide valuation gap against assets.

KSPI

Financial Services industry group

0.01

Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
KSPI
0.01
Min
-0.39

TOST

Financial Services industry group

8.79

TOST
8.79
Max
7.79
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
Loading chart…
Kaspi.kz (KSPI) vs. Toast (TOST): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Kaspi.kz (KSPI) and Toast (TOST)
MetricKSPITOST
P/E Ratio (TTM)8.4038.10
P/S Ratio (TTM)--2.82
P/B Ratio (MRQ)0.018.79
Free Cash Flow Yield (TTM)----