Joint Stock Company Kaspi.kz Sponsored ADR (KSPI) vs Block, Inc. (XYZ)

Joint Stock Company Kaspi.kz Sponsored ADR and Block, Inc. are both Software Infrastructure companies. Block, Inc. is the larger, with a market value of $45.0B against $17.3B — 2.6× the size. Joint Stock Company Kaspi.kz Sponsored ADR trades at the lower P/E: 8.4× against 129×. Joint Stock Company Kaspi.kz Sponsored ADR grew revenue faster over the last twelve months: 35.3% against 5.07%. Joint Stock Company Kaspi.kz Sponsored ADR has the higher net margin (23.9% vs 1.43%) and the higher return on invested capital (61.4% vs 3.43%). Across the 19 metrics below, Joint Stock Company Kaspi.kz Sponsored ADR leads on 15 and Block, Inc. on 4.

Valuation

Metric KSPI XYZ Software Infrastructure median
P/E 8.45 129.05 30.50
P/S 2.01 1.79 2.94
P/B 3.01 2.03 2.92
Price to free cash flow 8.97 11.53 18.20
EV/EBITDA n/m 128.13 17.15
EV/Sales 1.65 1.82 2.93
Earnings yield 11.84% 0.77% 0.00%
Free cash flow yield 11.15% 8.67% 0.35%

Profitability

Metric KSPI XYZ Software Infrastructure median
Gross margin 76.07% 46.36% 59.48%
Operating margin 0.00% 4.67% 0.00%
Net margin 23.92% 1.43% 0.00%
Free cash flow margin 22.40% 15.50% 0.79%
Return on equity 42.03% 1.62% 0.29%
Return on assets 9.06% 0.94% 0.00%
Return on invested capital 61.43% 3.43% 0.00%

Growth

Metric KSPI XYZ Software Infrastructure median
Revenue growth (TTM) 35.27% 5.07% 12.70%
EPS growth (last fiscal year) 2.90% (53.95%) 20.51%
Revenue growth, 5-year CAGR — 20.56% 15.81%
Net income growth, 5-year CAGR — 43.70% 0.00%

Health

Metric KSPI XYZ Software Infrastructure median
Debt to equity 0.00 0.26 0.02
Current ratio 0.99 2.21 1.52
Net debt to EBITDA 0.00 0.22 0.05

Dividend

Metric KSPI XYZ Software Infrastructure median
Dividend yield — — 1.05%
Payout ratio — — 0.29

Size

Metric KSPI XYZ Software Infrastructure median
Market cap 17.25b 44.98b 672.06m

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