KSPI vs. XYZ: Kaspi.kz vs. Block Stock Comparison

Company Profile

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

Block (XYZ) has been public since November 19, 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.

Block (XYZ) 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

Block (XYZ) carries a highly aggressive beta of 2.48, indicating much higher sensitivity to broad-market moves, whereas Kaspi.kz (KSPI) is closer to market-like at 1.05 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Kaspi.kz (KSPI) at 44.78% sits in the top ROE quartile, while Block (XYZ) at 2.02% is in the bottom quartile, showing a clear gap in returns on equity.

Kaspi.kz (KSPI) at 24.15% keeps about the industry-typical share of revenue as profit, while Block (XYZ) at 1.80% retains only a bottom-quartile share.

Both Kaspi.kz (KSPI) at 0.00% and Block (XYZ) at 6.65% generate less operating profit per sales dollar than peers, sitting in the lower operating margin quartile of their industries.

Profitability Metrics

Growth

Kaspi.kz (KSPI) at 59.78% sits in the top revenue growth quartile, while Block (XYZ) at 0.30% is in the bottom quartile, showing a clear gap in revenue momentum.

Kaspi.kz (KSPI) at 2.96% is around its peer norm for EPS growth, while Block (XYZ) at -53.95% drops into the bottom quartile, signaling weaker earnings momentum.

Growth Metrics

Financial Strength

current ratio doesn’t apply on either side: Kaspi.kz (KSPI) in Financial Services and Block (XYZ) 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 Block (XYZ) 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

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

Block (XYZ) 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.

Dividend Metrics

Valuation

Kaspi.kz (KSPI) at 8.40 sits in the cheaper P/E ratio quartile, while Block (XYZ) at 112.47 trades above its peer range — a wide earnings-valuation gap relative to industry peers.

A sales-based read is only available for Block (XYZ), whose P/S ratio of 2.01 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 Block (XYZ) at 2.26 is valued near its industry’s middle — KSPI is cheaper on assets, though weigh it against ROE and asset quality.

Valuation Metrics