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

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

TPG (TPG) 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 TPG (TPG)
Profile ItemKSPITPG
NameKaspi.kz JSC ADRTPG Inc. Class A Common Stock
Country/RegionKazakhstanUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryConsumer FinanceCapital Markets
GICS Sub-IndustryConsumer FinanceAsset Management & Custody Banks
Market Capitalization17.42 billion USD17.90 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJanuary 19, 2024January 13, 2022
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

KSPI
TPG
GSPC
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Kaspi.kz (KSPI) vs. TPG (TPG), 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 TPG (TPG). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Kaspi.kz (KSPI) and TPG (TPG)
MetricKSPITPG
Total Return (1Y)34.75%-7.34%
Total Return (3Y, Annualized)--21.01%
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

KSPI
TPG
GSPC
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Kaspi.kz (KSPI) vs. TPG (TPG), 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 TPG (TPG). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Kaspi.kz (KSPI) and TPG (TPG)
MetricKSPITPG
Volatility (1Y, Annualized)34.36%41.32%
Beta (5Y)1.051.45
Max Drawdown (5Y)-48.88%-44.85%
Avg. Volume (3M)566.23K2.82M

Risk-Adjusted Performance

Risk-Return Positioning

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KSPI and TPG 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 TPG (TPG)
MetricKSPITPG
Sharpe Ratio (1Y)0.89-0.28
Sortino Ratio (1Y)1.47-0.40

Profitability

ROE (TTM)

Kaspi.kz (KSPI) at 44.78% sits in the top ROE quartile, while TPG (TPG) at 19.19% is closer to the peer norm — stronger capital efficiency for KSPI.

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%

TPG

Financial Services industry group

19.19%

Max
44.78%
Q3
21.85%
TPG
19.19%
Median
12.91%
Q1
4.48%
Min
-18.71%
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Kaspi.kz (KSPI) vs. TPG (TPG): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Kaspi.kz (KSPI) at 24.15% and TPG (TPG) at 5.78% 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%

TPG

Financial Services industry group

5.78%

Max
62.84%
Q3
28.05%
Median
15.36%
TPG
5.78%
Q1
4.82%
Min
-28.52%
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Kaspi.kz (KSPI) vs. TPG (TPG): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

TPG (TPG) at 16.57% runs core operations around its industry’s norm, while Kaspi.kz (KSPI) at 0.00% operates in the bottom quartile.

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%

TPG

Financial Services industry group

16.57%

Max
107.33%
Q3
55.90%
Median
30.09%
TPG
16.57%
Q1
14.60%
Min
-44.34%
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Kaspi.kz (KSPI) vs. TPG (TPG): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Kaspi.kz (KSPI) and TPG (TPG)
MetricKSPITPG
ROE (TTM)44.78%19.19%
ROA (TTM)13.54%5.36%
Net Margin (TTM)24.15%5.78%
Operating Margin (TTM)0.00%16.57%
Gross Margin (TTM)----

Growth

Revenue Growth

Both Kaspi.kz (KSPI) at 59.78% and TPG (TPG) at 27.03% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

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

EPS Growth

Only one side can be read here: Kaspi.kz (KSPI) reports EPS growth of 2.96%, ranked against its industry; TPG (TPG) has no EPS growth figure this period.

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

Growth Metrics

Growth metrics for Kaspi.kz (KSPI) and TPG (TPG)
MetricKSPITPG
Revenue Growth (YoY)59.78%27.03%
Revenue Growth (3Y CAGR)47.54%29.51%
EPS Growth (YoY)2.96%--
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 TPG (TPG) 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 TPG (TPG) 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 TPG (TPG)
MetricKSPITPG
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Kaspi.kz (KSPI) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile TPG (TPG) reports a yield of 5.01%, ranking against industry peers normally.

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%

TPG

Financial Services industry group

5.01%

Max
9.77%
TPG
5.01%
Q3
3.92%
Median
1.09%
Q1
0.00%
Min
0.00%
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Kaspi.kz (KSPI) vs. TPG (TPG): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

TPG (TPG) reports payout ratio above 100% at 254.55%, meaning dividends exceeded current-period earnings and sustainability needs extra context. Meanwhile Kaspi.kz (KSPI) reports 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%

TPG

Financial Services industry group

254.55%

TPG
254.55%
Max
241.07%
Q3
97.36%
Median
25.77%
Q1
0.00%
Min
0.00%
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Kaspi.kz (KSPI) vs. TPG (TPG): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Kaspi.kz (KSPI) and TPG (TPG)
MetricKSPITPG
Dividend Yield (TTM)0.00%5.01%
Dividend Payout Ratio (TTM)33.12%254.55%

Valuation

P/E Ratio (TTM)

Kaspi.kz (KSPI) at 8.40 sits in the cheaper P/E ratio quartile, while TPG (TPG) at 52.84 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

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

TPG

Financial Services industry group

52.84

TPG
52.84
Max
45.85
Q3
24.64
Median
15.37
Q1
9.68
Min
0.16
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Kaspi.kz (KSPI) vs. TPG (TPG): 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 TPG (TPG), whose P/S ratio of 3.85 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
--

TPG

Financial Services industry group

3.85

Max
9.23
Q3
4.57
TPG
3.85
Median
2.72
Q1
1.28
Min
-0.55
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Kaspi.kz (KSPI) vs. TPG (TPG): KSPI does not report P/S ratio, so it has no value marker; TPG is benchmarked against the Financial Services industry group.

P/B Ratio (MRQ)

Kaspi.kz (KSPI) at 0.01 looks cheap against book in the lower P/B ratio quartile, while TPG (TPG) at 5.97 carries a premium in the upper quartile — a clear price-to-book gap.

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

TPG

Financial Services industry group

5.97

Max
7.79
TPG
5.97
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
Loading chart…
Kaspi.kz (KSPI) vs. TPG (TPG): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Kaspi.kz (KSPI) and TPG (TPG)
MetricKSPITPG
P/E Ratio (TTM)8.4052.84
P/S Ratio (TTM)--3.85
P/B Ratio (MRQ)0.015.97
Free Cash Flow Yield (TTM)----