Kaspi.kz JSC risk profile
32 Normal where most of the sector sits
Measured 21 October 2026 from KSPI's filed statements. Recomputed nightly.
32 (Normal), driven by Operating pressure at 80, over 5 weighted categories on the SOFTWARE profile.
What is measured
| Mechanism | Reading | Band | Direction | Driver |
|---|---|---|---|---|
| Market expectation | 34 | Normal | Stable | One-year price volatility — 34.1% |
| Operating pressure | 80 | Acute | Worsening | Costs outgrowing revenue — +57.4 percentage points |
| Cash conversion | 39 | Normal | Worsening | Cash conversion — 0.63x |
| Leverage and coverage | 13 | Contained | Stable | Current ratio — 1.23x |
| Competitive position | 23 | Normal | Stable | R&D-intensity gap against peers — -9.3 percentage points |
| Concentration | Reads identified supplier spend, customers above the 10% disclosure threshold and revenue by region. No reading is stored for this company. | |||
These are descriptive readings of disclosed mechanisms, not investment advice, and not a prediction. A band says where a measured input sits, never what to do about it or what happens next.