KSPI vs. VIRT: Kaspi.kz vs. Virtu Financial Stock Comparison

Company Profile

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

Virtu Financial (VIRT) has been public since April 16, 2015, giving it a longer listed trading history, while Kaspi.kz (KSPI) listed on January 19, 2024 and still has a shorter public-market record.

Virtu Financial (VIRT) 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

Both companies show strong equity returns, but Virtu Financial (VIRT) at 57.03% is the standout with ROE above its industry range; Kaspi.kz (KSPI) at 44.78% also sits in the top quartile.

Both Kaspi.kz (KSPI) at 24.15% and Virtu Financial (VIRT) at 17.96% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

Virtu Financial (VIRT) at 36.32% 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 Virtu Financial (VIRT) at 26.25% is closer to the peer norm — faster top-line expansion for KSPI.

Virtu Financial (VIRT) at 72.73% 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 VIRT.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and Virtu Financial (VIRT) 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 Virtu Financial (VIRT) 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 Virtu Financial (VIRT) reports a yield of 1.78%, ranking against industry peers normally.

Both Kaspi.kz (KSPI) at 33.12% and Virtu Financial (VIRT) at 15.95% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

Dividend Metrics

Valuation

Both Kaspi.kz (KSPI) at 8.40 and Virtu Financial (VIRT) at 7.92 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

A sales-based read is only available for Virtu Financial (VIRT), whose P/S ratio of 3.35 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 Virtu Financial (VIRT) at 1.92 is valued near its industry’s middle — KSPI is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics