Financials Starts Proceed Investment Corporation

Equities

8979

JP3046340000

Residential REITs

Delayed Japan Exchange 07:00:00 02/05/2024 BST 5-day change 1st Jan Change
209,200 JPY +0.19% Intraday chart for Starts Proceed Investment Corporation -0.81% +3.98%

Valuation

Fiscal Period: Oktober 2021 2024 2025 2026
Capitalization 1 60,805 59,094 - -
Enterprise Value (EV) 1 60,805 59,094 59,094 59,094
P/E ratio 51.4 x 23.9 x 23.8 x 23.5 x
Yield - 4.49% 4.52% 4.58%
Capitalization / Revenue - 8.33 x 8.27 x 8.19 x
EV / Revenue - 8.33 x 8.27 x 8.19 x
EV / EBITDA - - - -
EV / FCF - - - -
FCF Yield - - - -
Price to Book - 1.22 x - -
Nbr of stocks (in thousands) 254 282.5 - -
Reference price 2 239,600 209,200 209,200 209,200
Announcement Date 15/06/21 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Oktober 2021 2024 2025 2026
Net sales 1 - 7,090 7,143 7,213
EBITDA - - - -
EBIT 1 - 3,049 3,084 3,142
Operating Margin - 43% 43.18% 43.56%
Earnings before Tax (EBT) 1 - 2,485 2,501 2,535
Net income 1 1,183 2,469 2,485 2,520
Net margin - 34.82% 34.79% 34.94%
EPS 2 4,662 8,740 8,797 8,920
Free Cash Flow - - - -
FCF margin - - - -
FCF Conversion (EBITDA) - - - -
FCF Conversion (Net income) - - - -
Dividend per Share 2 - 9,398 9,455 9,578
Announcement Date 15/06/21 - - -
1JPY in Million2JPY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: October 2020 S1 2020 S2 2021 S1 2021 S2 2022 S1 2022 S2 2023 S1 2023 S2 2024 S1 2024 S2 2025 S1 2025 S2 2026 S1 2026 S2
Net sales 1 3,095 3,666 3,352 3,160 3,177 3,224 3,350 3,676 3,532 3,554 3,562 3,573 3,608 3,605
EBITDA - - - - - - - - - - - - - -
EBIT 1 1,365 1,875 1,582 1,363 1,371 1,414 1,519 1,682 1,501 1,524 1,533 1,548 1,577 1,566
Operating Margin 44.09% 51.14% 47.2% 43.13% 43.15% 43.85% 45.35% 45.76% 42.48% 42.9% 43.03% 43.32% 43.71% 43.44%
Earnings before Tax (EBT) 1 1,155 1,686 1,395 - 1,160 1,199 1,303 1,423 1,226 1,245 1,247 1,254 1,271 1,265
Net income 1 1,153 1,684 1,392 1,183 1,158 1,197 1,301 1,415 1,218 1,230 1,230 1,246 1,263 1,257
Net margin 37.24% 45.93% 41.53% 37.45% 36.45% 37.14% 38.85% 38.49% 34.49% 34.59% 34.54% 34.87% 35.01% 34.87%
EPS 2 4,541 6,635 5,487 4,662 4,562 4,717 5,127 5,009 4,313 4,379 4,386 4,411 4,470 4,450
Dividend per Share 2 4,542 5,059 5,488 4,663 4,563 4,718 5,971 5,667 4,664 4,708 4,715 4,740 4,799 4,779
Announcement Date 13/12/19 18/06/20 15/12/20 15/06/21 15/12/21 14/06/22 16/12/22 14/06/23 15/12/23 - - - - -
1JPY in Million2JPY
Estimates

Balance Sheet Analysis

Fiscal Period: October 2021 2024 2025 2026
Net Debt - - - -
Net Cash position - - - -
Leverage (Debt/EBITDA) - - - -
Free Cash Flow - - - -
ROE (net income / shareholders' equity) - 5.1% - -
ROA (Net income/ Total Assets) - - - -
Assets 1 - - - -
Book Value Per Share 2 - 171,985 - -
Cash Flow per Share - - - -
Capex - - - -
Capex / Sales - - - -
Announcement Date 15/06/21 - - -
1JPY in Million2JPY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

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