COMP <GO>

KSPI vs BRK-A // RSI-14 & 200D SMA MOMENTUM

Joint Stock Company Kaspi.kz American Depository Shares (NASDAQ) VS. Berkshire Hathaway Inc. (NYSE) • 15-METRIC TALLY: KSPI 5 — BRK-A 6

▲ RSI-14 & 200D SMA MOMENTUM LEADER: BRK-A

LAST: $91.27 (-3.58%) • MKT CAP: $17.92B

rsi-technicals

43.8

LAST: $815,600.00 (-0.23%) • MKT CAP: $1.20T

rsi-technicals

67.2

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (KSPI VS. BRK-A) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	KSPI	BRK-A	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	9.90%	8.30%	+1.60	KSPI	/roic <GO>
EV/EBITDA & P/E Valuation	21.0x	12.7x	+8.30	BRK-A	/valuation <GO>
Free Cash Flow Yield	2.21%	2.08%	+0.13	KSPI	/fcf-yield <GO>
Operating Margin	13.90%	33.00%	-19.10	BRK-A	/operating-margins <GO>
Net Profit Margin	10.90%	27.10%	-16.20	BRK-A	/net-margins <GO>
Revenue Growth (YoY)	8.80%	-1.00%	+9.80	KSPI	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.00%	0.00	TIE	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	3.74	3.02	+0.72	KSPI	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	6/9	+2.00	KSPI	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.30%	7.30%	0.00	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum ACTIVE	43.8	67.2	-23.39	BRK-A	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.13	1.13	0.00	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	30.5x	16.7x	+13.80	BRK-A	/forward-pe <GO>
Enterprise Scale & Market Cap	$17.92B	$1.20T	-$1.18T	BRK-A	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	KSPI REV	BRK-A REV	KSPI GROSS %	BRK-A GROSS %	KSPI FCF	BRK-A FCF
FY 2025	—	$247.24B	—	44.0%	—	$25.04B
FY 2024	—	$249.71B	—	44.0%	—	$11.62B
FY 2023	—	$254.91B	—	44.0%	—	$37.73B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

KSPI // BETA 1.13

BRK-A // BETA 1.13