Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) vs Toast, Inc. (TOST)

Joint Stock Company Kaspi.kz Sponsored ADR and Toast, Inc. are both Software Infrastructure companies. Joint Stock Company Kaspi.kz Sponsored ADR and Toast, Inc. are of similar size ($17.8B and $17.6B). Joint Stock Company Kaspi.kz Sponsored ADR trades at the lower P/E: 8.7× against 36.9×. Joint Stock Company Kaspi.kz Sponsored ADR grew revenue faster over the last twelve months: 35.3% against 23.0%. Joint Stock Company Kaspi.kz Sponsored ADR has the higher net margin (23.9% vs 7.14%) and the lower return on invested capital (61.4% vs 81.1%). Across the 18 metrics below, Joint Stock Company Kaspi.kz Sponsored ADR leads on 12 and Toast, Inc. on 6.

Valuation

Metric KSPI TOST Software Infrastructure median
P/E 8.66 36.87 28.02
P/S 2.11 2.60 3.07
P/B 3.17 8.65 3.36
Price to free cash flow 9.43 30.71 17.12
EV/EBITDA n/m 27.59 14.91
EV/Sales 1.75 2.35 3.03
Earnings yield 11.55% 2.71% 0.13%
Free cash flow yield 10.61% 3.26% 1.15%

Profitability

Metric KSPI TOST Software Infrastructure median
Gross margin 76.07% 26.72% 61.23%
Operating margin 0.00% 6.33% 0.00%
Net margin 23.92% 7.14% 0.00%
Free cash flow margin 22.40% 8.47% 1.67%
Return on equity 42.03% 25.16% 0.59%
Return on assets 9.06% 16.34% 0.00%
Return on invested capital 61.43% 81.14% 0.00%

Growth

Metric KSPI TOST Software Infrastructure median
Revenue growth (TTM) 35.27% 23.04% 13.41%
EPS growth (last fiscal year) 2.90% 1,766.67% —
Revenue growth, 5-year CAGR — 49.53% 15.81%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric KSPI TOST Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 0.99 2.40 1.55
Net debt to EBITDA 0.00 (4.38) 0.08

Dividend

Metric KSPI TOST Software Infrastructure median
Dividend yield 7.20% — 1.53%
Payout ratio — 0.00 0.00

Size

Metric KSPI TOST Software Infrastructure median
Market cap 17.75b 17.62b 835.96m

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