Analyzin the worth of stocks through fundamental analysis: insights from the Kazakhstan stock exchange (KASE)

The purpose of the article is furnishing recommendations for judicious buy or sell signals conducive to informed investment decisions.

The methodology of this article was based on theoretical and empirical research methods: a comprehensive analysis of the value of Kazakhstan stock market, as well as the the utilization of coefficients derived from a multiple regression analysis and the consideration of key value drivers for the KASE Index, as of November 15, 2023.

Originality/value of the research: Nowadays there exists a multitude of misconceptions surrounding the practices of security selection and fundamental analysis, predominantly emanating from the fallacious belief that the entirety of available information is accurately incorporated into security prices. Nevertheless, fundamental analysis retains its pivotal role in evaluating the financial robustness of securities, particularly within the realm of long-term investment strategies.

Conclusion: Based on the analysis of KASE Index stocks with a focus on Earnings Yield (EY), PE Ratio to Price (PEP ratio) as well as B/P ratio, it was found that KZTO KZ and KEGC KZ shares are fairly priced and it was also found that KCEL KZ and KAP KZ shares have attractive opportunities for investors in the long term. We believe that the information provided is of practical importance for investors and traders who aim to optimise their decision-making process and overall trading strategy.

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