Gen Digital Inc. (GEN) vs Joint Stock Company Kaspi.kz Sponsored ADR (KSPI)

Gen Digital Inc. and Joint Stock Company Kaspi.kz Sponsored ADR are both Software Infrastructure companies. Joint Stock Company Kaspi.kz Sponsored ADR is the larger, with a market value of $17.8B against $14.0B — 1.3× the size. Joint Stock Company Kaspi.kz Sponsored ADR trades at the lower P/E: 8.7× against 12.4×. Joint Stock Company Kaspi.kz Sponsored ADR grew revenue faster over the last twelve months: 35.3% against 20.2%. Joint Stock Company Kaspi.kz Sponsored ADR has the higher net margin (23.9% vs 20.7%) and the higher return on invested capital (61.4% vs 12.9%). Both pay a dividend; Joint Stock Company Kaspi.kz Sponsored ADR yields more (7.20% vs 2.43%). Across the 20 metrics below, Joint Stock Company Kaspi.kz Sponsored ADR leads on 14 and Gen Digital Inc. on 6.

Valuation

Metric GEN KSPI Software Infrastructure median
P/E 12.43 8.66 28.02
P/S 2.55 2.11 3.07
P/B 4.88 3.17 3.36
Price to free cash flow 8.30 9.43 17.12
EV/EBITDA 7.87 n/m 14.91
EV/Sales 4.04 1.75 3.03
Earnings yield 8.05% 11.55% 0.13%
Free cash flow yield 12.05% 10.61% 1.15%

Profitability

Metric GEN KSPI Software Infrastructure median
Gross margin 78.01% 76.07% 61.23%
Operating margin 41.68% 0.00% 0.00%
Net margin 20.73% 23.92% 0.00%
Free cash flow margin 30.71% 22.40% 1.67%
Return on equity 41.94% 42.03% 0.59%
Return on assets 6.58% 9.06% 0.00%
Return on invested capital 12.91% 61.43% 0.00%

Growth

Metric GEN KSPI Software Infrastructure median
Revenue growth (TTM) 20.16% 35.27% 13.41%
EPS growth (last fiscal year) 52.43% 2.90% —
Revenue growth, 5-year CAGR 14.41% — 15.81%
Net income growth, 5-year CAGR 11.92% — 0.00%

Health

Metric GEN KSPI Software Infrastructure median
Debt to equity 3.07 0.00 0.06
Current ratio 0.47 0.99 1.55
Net debt to EBITDA 2.98 0.00 0.08

Dividend

Metric GEN KSPI Software Infrastructure median
Dividend yield 2.43% 7.20% 1.53%
Payout ratio 0.35 — 0.00

Size

Metric GEN KSPI Software Infrastructure median
Market cap 14.00b 17.75b 835.96m

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