Joint Stock Company Kaspi.kz (NASDAQ:KSPI – Get Free Report) and Visa (NYSE:V – Get Free Report) are both large-cap business services companies, but which is the superior business? We will compare the two businesses based on the strength of their earnings, analyst recommendations, risk, institutional ownership, valuation, dividends and profitability.
Institutional & Insider Ownership
32.2% of Joint Stock Company Kaspi.kz shares are owned by institutional investors. Comparatively, 82.2% of Visa shares are owned by institutional investors. 0.1% of Visa shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock will outperform the market over the long term.
Risk & Volatility
Joint Stock Company Kaspi.kz has a beta of 0.99, suggesting that its stock price is 1% less volatile than the S&P 500. Comparatively, Visa has a beta of 0.77, suggesting that its stock price is 23% less volatile than the S&P 500.
Profitability
| Net Margins | Return on Equity | Return on Assets | |
| Joint Stock Company Kaspi.kz | 24.89% | 43.80% | 10.03% |
| Visa | 51.68% | 65.00% | 24.62% |
Dividends
Joint Stock Company Kaspi.kz pays an annual dividend of $6.97 per share and has a dividend yield of 8.0%. Visa pays an annual dividend of $2.68 per share and has a dividend yield of 0.8%. Joint Stock Company Kaspi.kz pays out 64.3% of its earnings in the form of a dividend. Visa pays out 23.3% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Visa has raised its dividend for 17 consecutive years.
Analyst Ratings
This is a breakdown of recent recommendations for Joint Stock Company Kaspi.kz and Visa, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Joint Stock Company Kaspi.kz | 0 | 4 | 1 | 0 | 2.20 |
| Visa | 0 | 2 | 17 | 6 | 3.16 |
Joint Stock Company Kaspi.kz currently has a consensus target price of $96.67, indicating a potential upside of 11.30%. Visa has a consensus target price of $387.78, indicating a potential upside of 17.36%. Given Visa’s stronger consensus rating and higher probable upside, analysts clearly believe Visa is more favorable than Joint Stock Company Kaspi.kz.
Earnings and Valuation
This table compares Joint Stock Company Kaspi.kz and Visa”s top-line revenue, earnings per share and valuation.
| Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
| Joint Stock Company Kaspi.kz | $7.70 billion | 2.14 | $2.04 billion | $10.84 | 8.01 |
| Visa | $43.03 billion | 13.78 | $20.06 billion | $11.48 | 28.78 |
Visa has higher revenue and earnings than Joint Stock Company Kaspi.kz. Joint Stock Company Kaspi.kz is trading at a lower price-to-earnings ratio than Visa, indicating that it is currently the more affordable of the two stocks.
Summary
Visa beats Joint Stock Company Kaspi.kz on 16 of the 18 factors compared between the two stocks.
About Joint Stock Company Kaspi.kz
Joint Stock Company Kaspi.kz, together with its subsidiaries, provides payments, marketplace, and fintech solutions for consumers and merchants in the Republic of Kazakhstan. It operates through three segments: Payments Platform, Marketplace Platform, and Fintech Platform. The Payments Platform segment facilities transactions between customers and merchants. This segment offers shopping transactions, regular household bills, and peer to peer payments for consumers; accepts payment online and in store, issue and settle invoices, pay suppliers and monitor merchant turnover. It also provides proprietary data facilities informed decision making across multiple areas of business. Its Marketplace Platform segment connects online, and offline merchants and consumers enabling merchants to enhance its sales through an omni channel strategy and enable consumers to buy products and services from various merchants. This segment also operates marketplace through m-commerce, a mobile solution for shopping in person which consumers can use e-commerce to shop anywhere, anytime with free delivery; Kaspi Travel allows consumers to book domestic and international flights and package holidays, domestic rail tickets. It also enhances merchants sales by connecting payments and fintech products, Kapsi advertising, and other delivery services. The Fintech Platform segment provides consumers with BNPL, finance, and savings products and merchants with merchant finance services through super apps and Kapsi.kz Super app. It also involved in the banking; distressed asset management; real estate business; payment processing; online travel; and storage and processing of information services. The company was incorporated in 2008 and is headquartered in Almaty, the Republic of Kazakhstan.
About Visa
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services. The company also provides acceptance solutions, which include Cybersource that provides modular and value-added services for connecting merchants to payment processing; risk and identity solutions, such as Visa Advanced Authorization, Visa Secure, Visa Risk and Decision Manager, Visa Consumer Authentication Service, and payment-decisioning solutions for fraud prevention; and Visa Consulting and Analytics, a payment consulting advisory services. It provides its services under the Visa, Visa Electron, Interlink, V PAY, and PLUS brand names. The company serves merchants, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
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