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For Startups Inc
TSE:7089

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For Startups Inc
TSE:7089
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Price: 1 219 JPY 1.25% Market Closed
Market Cap: ¥8B

EV/IC

2.9
Current
122%
More Expensive
vs 3-y average of 1.3

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.9
=
Enterprise Value
¥6.4B
/
Invested Capital
¥1.9B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
2.9
=
Enterprise Value
¥6.4B
/
Invested Capital
¥1.9B

Valuation Scenarios

For Startups Inc is trading above its 3-year average

If EV/IC returns to its 3-Year Average (1.3), the stock would be worth ¥548.79 (55% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-67%
Maximum Upside
No Upside Scenarios
Average Downside
39%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 2.9 ¥1 219
0%
3-Year Average 1.3 ¥548.79
-55%
5-Year Average 2.1 ¥850.98
-30%
Industry Average 2.8 ¥1 173.38
-4%
Country Average 1 ¥397.98
-67%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
JP
For Startups Inc
TSE:7089
8B JPY 2.9 12.1
JP
Recruit Holdings Co Ltd
TSE:6098
10.3T JPY 6.3 24.9
NL
Randstad NV
AEX:RAND
4.4B EUR 0.9 16
CN
51job Inc
F:IWQ
3.9B EUR 3.2 49
US
Robert Half Inc
SWB:RHJ
3.9B EUR 1.8 35
CH
Adecco Group AG
SIX:ADEN
3B CHF 0.8 11.1
PL
Benefit Systems SA
WSE:BFT
13.1B PLN 2.6 23
US
Korn Ferry
NYSE:KFY
3.4B USD 1 12.9
JP
Persol Holdings Co Ltd
TSE:2181
519.1B JPY 1.2 13.2
JP
TechnoPro Holdings Inc
TSE:6028
502.9B JPY 5.9 30.7
SG
Jinhai International Group Holdings Ltd
HKEX:2225
23.8B HKD 126.3 -228.3

Market Distribution

Higher than 86% of companies in Japan
Percentile
86th
Based on 5 142 companies
86th percentile
2.9
Low
0 — 0.7
Typical Range
0.7 — 1.5
High
1.5 —
Distribution Statistics
Japan
Min 0
30th Percentile 0.7
Median 1
70th Percentile 1.5
Max 23 050 349

For Startups Inc
Glance View

For Startups, Inc. engages in growth industry support business. The company is headquartered in Minato-Ku, Tokyo-To and currently employs 115 full-time employees. The company went IPO on 2020-03-13. provides talent agency services and acceleration services. Talent agency services mainly provide human resources support services to startup companies, and acceleration services mainly provide open innovation services to major companies. The firm operate Growth Industry Support business segment. Talent agency services include recruitment services, recruitment support services, and entrepreneur support services. Acceleration services include open innovation services and recruitment branding services, and operate the STARTUP DB.

Intrinsic Value
1 269.5 JPY
Undervaluation 4%
Intrinsic Value
Price ¥1 219
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