KSPI vs. TW: Kaspi.kz vs. Tradeweb Markets Stock Comparison

Company Profile

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

Tradeweb Markets (TW) has been public since April 4, 2019, giving it a longer listed trading history, while Kaspi.kz (KSPI) listed on January 19, 2024 and still has a shorter public-market record.

Tradeweb Markets (TW) 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 Tradeweb Markets (TW) at 14.46% is closer to the peer norm — stronger capital efficiency for KSPI.

Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of Kaspi.kz (KSPI) at 24.15%, which keeps about the industry-typical share.

Tradeweb Markets (TW) at 43.30% 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 Tradeweb Markets (TW) at 18.92% is closer to the peer norm — faster top-line expansion for KSPI.

Tradeweb Markets (TW) at 62.23% 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 TW.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and Tradeweb Markets (TW) 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 Tradeweb Markets (TW) 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 Tradeweb Markets (TW) reports a yield of 0.42%, ranking against industry peers normally.

Both Kaspi.kz (KSPI) at 33.12% and Tradeweb Markets (TW) at 12.68% 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 Tradeweb Markets (TW) at 29.98 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 Tradeweb Markets (TW), whose P/S ratio of 12.10 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 Tradeweb Markets (TW) at 4.03 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics