Head-To-Head Review: Joint Stock Company Kaspi.kz (NASDAQ:KSPI) vs. Corpay (NYSE:CPAY)

Corpay (NYSE:CPAY) and Joint Stock Company Kaspi.kz (NASDAQ:KSPI) are both large-cap business services companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, risk, valuation, institutional ownership, earnings, analyst recommendations and profitability.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Corpay and Joint Stock Company Kaspi.kz, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Corpay	0	5	10	0	2.67
Joint Stock Company Kaspi.kz	1	3	1	0	2.00

Corpay presently has a consensus target price of $379.79, indicating a potential upside of 9.50%. Joint Stock Company Kaspi.kz has a consensus target price of $96.67, indicating a potential upside of 30.84%. Given Joint Stock Company Kaspi.kz’s higher probable upside, analysts clearly believe Joint Stock Company Kaspi.kz is more favorable than Corpay.

Profitability

This table compares Corpay and Joint Stock Company Kaspi.kz’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Corpay	23.62%	37.13%	6.76%
Joint Stock Company Kaspi.kz	30.35%	55.31%	11.20%

Valuation and Earnings

This table compares Corpay and Joint Stock Company Kaspi.kz”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Corpay	$4.53 billion	5.36	$1.07 billion	$15.04	23.06
Joint Stock Company Kaspi.kz	$4.82 billion	3.06	$2.18 billion	$11.09	6.66

Joint Stock Company Kaspi.kz has higher revenue and earnings than Corpay. Joint Stock Company Kaspi.kz is trading at a lower price-to-earnings ratio than Corpay, indicating that it is currently the more affordable of the two stocks.

Risk & Volatility

Corpay has a beta of 0.82, meaning that its share price is 18% less volatile than the S&P 500. Comparatively, Joint Stock Company Kaspi.kz has a beta of 0.88, meaning that its share price is 12% less volatile than the S&P 500.

Institutional and Insider Ownership

98.8% of Corpay shares are owned by institutional investors. Comparatively, 32.2% of Joint Stock Company Kaspi.kz shares are owned by institutional investors. 5.0% of Corpay shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth.

About Corpay

Corpay, Inc. operates as a payments company that helps businesses and consumers manage vehicle-related expenses, lodging expenses, and corporate payments in the United States, Brazil, the United Kingdom, and internationally. The company offers vehicle payment solutions, which include fuel, tolls, parking, fleet maintenance, and long-haul transportation services, as well as prepaid food and transportation vouchers and cards. It also provides corporate payment solutions consisting of accounts payable automation; virtual cards, cross-border solutions; and purchasing and travel and entertainment card products, as well as lodging payments solutions for employees who travel overnight for work purposes; traveling crews and stranded passengers from airlines and cruise lines; and insurance policyholders displaced from their homes due to damage or catastrophe. In addition, the company offers gifts and payroll cards. It serves business, merchant, consumer, and payment network customers. The company was formerly known as FLEETCOR Technologies, Inc. and changed its name to Corpay, Inc. in March 2024. Corpay, Inc. was founded in 1986 and is headquartered in Atlanta, Georgia.

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.