Seek Returns

KSPI vs. WSE: Kaspi.kz vs. Wise Stock Comparison

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

Wise (WSE) 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 Wise (WSE)
Profile ItemKSPIWSE
NameKaspi.kz JSC ADRWise Group plc
Country/RegionKazakhstanUnited Kingdom
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryConsumer FinanceFinancial Services
GICS Sub-IndustryConsumer FinanceTransaction & Payment Processing Services
Market Capitalization17.42 billion USD10.76 billion USD
CurrencyUSDUSD
ExchangeNasdaqNasdaq
Listing DateJanuary 19, 2024May 11, 2026
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

KSPI
WSE
GSPC
Loading price history…
Kaspi.kz (KSPI) vs. Wise (WSE), 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

Loading price history…
Trailing total returns for Kaspi.kz (KSPI) and Wise (WSE). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Kaspi.kz (KSPI) and Wise (WSE). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
Total Return (1Y)34.75%--
Total Return (3Y, Annualized)----
Total Return (5Y, Annualized)----

Risk Profile

Drawdown History

KSPI
WSE
GSPC
Loading price history…
Kaspi.kz (KSPI) vs. Wise (WSE), 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

Loading price history…
Distribution of monthly total returns for Kaspi.kz (KSPI) and Wise (WSE). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
Volatility (1Y, Annualized)34.36%44.06%
Beta (5Y)1.051.56
Max Drawdown (5Y)-48.88%-32.47%
Avg. Volume (3M)566.23K1.74M

Risk-Adjusted Performance

Risk-Return Positioning

Both KSPI and WSE need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Risk-adjusted metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
Sharpe Ratio (1Y)0.89--
Sortino Ratio (1Y)1.47--

Profitability

ROE (TTM)

Both Kaspi.kz (KSPI) at 44.78% and Wise (WSE) at 27.23% 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%

WSE

Financial Services industry group

27.23%

Max
44.78%
WSE
27.23%
Q3
21.85%
Median
12.91%
Q1
4.48%
Min
-18.71%
Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Kaspi.kz (KSPI) at 24.15% and Wise (WSE) at 19.93% 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%

WSE

Financial Services industry group

19.93%

Max
62.84%
Q3
28.05%
WSE
19.93%
Median
15.36%
Q1
4.82%
Min
-28.52%
Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Wise (WSE) at 59.77% carries a top-quartile operating margin, 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%

WSE

Financial Services industry group

59.77%

Max
107.33%
WSE
59.77%
Q3
55.90%
Median
30.09%
Q1
14.60%
Min
-44.34%
Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
ROE (TTM)44.78%27.23%
ROA (TTM)13.54%2.41%
Net Margin (TTM)24.15%19.93%
Operating Margin (TTM)0.00%59.77%
Gross Margin (TTM)----

Growth

Revenue Growth

Kaspi.kz (KSPI) at 59.78% sits in the top revenue growth quartile, while Wise (WSE) at 17.14% is closer to the peer norm — faster top-line expansion for KSPI.

Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Kaspi.kz (KSPI) at 2.96% and Wise (WSE) at -5.78% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
Revenue Growth (YoY)59.78%17.14%
Revenue Growth (3Y CAGR)47.54%30.26%
EPS Growth (YoY)2.96%-5.78%
EPS Growth (3Y CAGR)22.85%52.89%

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and Wise (WSE) 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 Wise (WSE) 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 Wise (WSE)
MetricKSPIWSE
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Neither Kaspi.kz (KSPI) nor Wise (WSE) 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%

WSE

Financial Services industry group

0.00%

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

Dividend Payout Ratio (TTM)

Wise (WSE) 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%

WSE

Financial Services industry group

0.00%

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

Dividend Metrics

Dividend metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
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 Wise (WSE) at 23.23 is closer to its industry’s usual earnings multiple — a discount for KSPI, though growth and earnings durability still matter.

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

WSE

Financial Services industry group

23.23

Max
45.85
Q3
24.64
WSE
23.23
Median
15.37
Q1
9.68
Min
0.16
Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): 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 Wise (WSE), whose P/S ratio of 4.30 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
--

WSE

Financial Services industry group

4.30

Max
9.23
Q3
4.57
WSE
4.30
Median
2.72
Q1
1.28
Min
-0.55
Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): KSPI does not report P/S ratio, so it has no value marker; WSE 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 Wise (WSE) at 5.94 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

WSE

Financial Services industry group

5.94

Max
7.79
WSE
5.94
Q3
3.63
Median
1.57
Q1
0.81
Min
-0.39
Loading chart…
Kaspi.kz (KSPI) vs. Wise (WSE): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Kaspi.kz (KSPI) and Wise (WSE)
MetricKSPIWSE
P/E Ratio (TTM)8.4023.23
P/S Ratio (TTM)--4.30
P/B Ratio (MRQ)0.015.94
Free Cash Flow Yield (TTM)----