Joint Stock Kaspi.kz American Depository Shares (KSPI) vs Paymentus (PAY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Joint Stock Kaspi.kz American Depository Shares (KSPI) has outperformed Paymentus (PAY) over the past year, gaining 20.2% versus a loss of 0.1%. Joint Stock Kaspi.kz American Depository Shares is the larger company by market cap ($17.59 billion vs $3.99 billion), about 4.4 times the size. On valuation, Joint Stock Kaspi.kz American Depository Shares trades at a lower forward P/E (0.0x vs 29.0x for Paymentus).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | KSPI | PAY |
|---|---|---|
| Share price | $92.58 | $31.69 |
| Market cap | $17.59B | $3.99B |
| 1-day change | -0.27% | -0.72% |
| YTD return | +18.81% | +1.04% |
| 1-year return | +20.18% | -0.09% |
| 5-year return | — | +32.78% |
| P/E ratio (TTM) | 8.49 | 48.02 |
| Forward P/E | 0.01 | 29.05 |
| EPS (TTM) | $10.91 | $0.66 |
| Dividend yield | 6.18% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | — | $1.20B |
| Revenue growth (YoY) | — | +37.25% |
| Net income (latest FY) | — | $66.94M |
| Gross margin | — | 24.77% |
| Operating margin | — | 6.31% |
| Net margin | — | 5.59% |
| 52-week high | $109.94 | $45.31 |
| 52-week low | $68.59 | $20.11 |
| Distance from 52-week high | -15.79% | -30.06% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +16.54% | +26.66% |
| Average volume | 543.85K | 1.16M |
| Shares outstanding | 190.03M | 63.11M |
| Employees | 14,008 | 1,340 |
| Sector | Technology | Consumer Discretionary |
| Industry | Software - Infrastructure | Business Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Joint Stock Kaspi.kz American Depository Shares is about 4.4 times larger than Paymentus by market value ($17.59B vs $3.99B).
- KSPI has outperformed PAY by 20.3 percentage points over the past year.
- Paymentus trades at a higher earnings multiple (48.0x vs 8.5x trailing P/E).
- Joint Stock Kaspi.kz American Depository Shares offers a meaningfully higher dividend yield (6.18% vs 0.00%).
- The two companies sit in different sectors: Joint Stock Kaspi.kz American Depository Shares in Technology and Paymentus in Consumer Discretionary.
About Joint Stock Kaspi.kz American Depository Shares
KSPI stock →Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in Kazakhstan, Azerbaijan, and Ukraine. The company operates through three segments: Payments, Marketplace, and Fintech.
Technology · Software - Infrastructure · 14,008 employees
About Paymentus
PAY stock →Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions in the United States and internationally.
Consumer Discretionary · Business Services · 1,340 employees
KSPI vs PAY FAQ
Which is bigger, Joint Stock Kaspi.kz American Depository Shares or Paymentus?
Joint Stock Kaspi.kz American Depository Shares (KSPI) is larger, with a market capitalization of $17.59B compared with $3.99B for Paymentus (PAY).
Which stock has performed better over the past year, KSPI or PAY?
KSPI returned +20.18% over the past 12 months, compared with -0.09% for PAY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KSPI or PAY?
KSPI has the lower trailing P/E at 8.5, versus 48.0 for PAY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Joint Stock Kaspi.kz American Depository Shares or Paymentus?
Joint Stock Kaspi.kz American Depository Shares pays a dividend yielding 6.18%, while Paymentus does not currently pay a regular dividend.
Are Joint Stock Kaspi.kz American Depository Shares and Paymentus in the same industry?
No. Joint Stock Kaspi.kz American Depository Shares is in the Technology sector, while Paymentus is in Consumer Discretionary.