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Starts Proceed Investment Corp
TSE:8979

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Starts Proceed Investment Corp Logo
Starts Proceed Investment Corp
TSE:8979
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Price: 207 000 JPY -1.48% Market Closed
Updated: Apr 26, 2024

Intrinsic Value

Starts Proceed Investment Corp. operates as real estate investment trust that engages in rental housing business. [ Read More ]

The intrinsic value of one Starts Proceed Investment Corp stock under the Base Case scenario is 227 688.64 JPY. Compared to the current market price of 207 000 JPY, Starts Proceed Investment Corp is Undervalued by 9%.

Key Points:
Intrinsic Value
Base Case
227 688.64 JPY
Undervaluation 9%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Starts Proceed Investment Corp

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Fundamental Analysis

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Financials

Balance Sheet Decomposition
Starts Proceed Investment Corp

Current Assets 3.8B
Cash & Short-Term Investments 1.3B
Receivables 28.1m
Other Current Assets 2.5B
Non-Current Assets 99.7B
PP&E 97.7B
Intangibles 1B
Other Non-Current Assets 941.5m
Current Liabilities 9.6B
Accounts Payable 232.6m
Accrued Liabilities 72.9m
Other Current Liabilities 9.3B
Non-Current Liabilities 45B
Long-Term Debt 43.8B
Other Non-Current Liabilities 1.2B
Efficiency

Earnings Waterfall
Starts Proceed Investment Corp

Revenue
7.2B JPY
Cost of Revenue
-4B JPY
Gross Profit
3.2B JPY
Operating Expenses
-51.5m JPY
Operating Income
3.2B JPY
Other Expenses
-549.3m JPY
Net Income
2.6B JPY

Free Cash Flow Analysis
Starts Proceed Investment Corp

Last Value
3-Years Average
FCF Margin
Conversion Rate
History
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Fundamental Scores

Profitability Score
Profitability Due Diligence

Starts Proceed Investment Corp's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Positive Operating Income
Positive Net Income
Positive Gross Profit
Positive 1-Year Revenue Growth
50/100
Profitability
Score

Starts Proceed Investment Corp's profitability score is 50/100. The higher the profitability score, the more profitable the company is.

Solvency Score
Solvency Due Diligence

Starts Proceed Investment Corp's solvency score is 31/100. The higher the solvency score, the more solvent the company is.

Long-Term Solvency
Low D/E
Average Interest Coverage
Short-Term Solvency
31/100
Solvency
Score

Starts Proceed Investment Corp's solvency score is 31/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

Price Targets Summary
Starts Proceed Investment Corp

Wall Street analysts forecast Starts Proceed Investment Corp stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for Starts Proceed Investment Corp is 219 300 JPY with a low forecast of 217 150 JPY and a high forecast of 225 750 JPY.

Lowest
Price Target
217 150 JPY
5% Upside
Average
Price Target
219 300 JPY
6% Upside
Highest
Price Target
225 750 JPY
9% Upside
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Competitive Landscape

Shareholder Return

Price
Starts Proceed Investment Corp

1M 1M
0%
6M 6M
-2%
1Y 1Y
-7%
3Y 3Y
+0%
5Y 5Y
+44%
10Y 10Y
+90%
Annual Price Range
207 000
52w Low
189 800
52w High
238 400
Price Metrics
Average Annual Return 12.72%
Standard Deviation of Annual Returns 11.93%
Max Drawdown -31%
Shares Statistics
Market Capitalization 58.5B JPY
Shares Outstanding 282 477
Percentage of Shares Shorted
N/A

Return Decomposition
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Company Profile

Starts Proceed Investment Corp Logo
Starts Proceed Investment Corp

Country

Japan

Industry

Real Estate

Market Cap

58.5B JPY

Dividend Yield

4.87%

Description

Starts Proceed Investment Corp. operates as real estate investment trust that engages in rental housing business. The company is headquartered in Chuo-Ku, Tokyo-To. The company went IPO on 2005-11-30. The company aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. The Fund mainly invests in rental housing and monthly condominiums, serviced apartments, hotels and facilities for the elderly in metropolitan area, Osaka, Nagoya, Sendai, Fukuoka and other metropolitan areas. Its property portfolio includes Procade Ichikawa, Proseade Nishiarai, Procido Hirokyoji, Proseade Shinyokohama and among others. The asset manager of the Fund is Starts Asset Management Co., Ltd.

Contact

TOKYO-TO
Chuo-Ku
6F, Starts Nihombashi Bldg., 3-1-8, Nihombashi
+81362020856.0
https://www.sp-inv.co.jp/

IPO

2005-11-30

Employees

-

Officers

Chief Financial Officer and Senior Managing Director
Mr. Mitsuo Otsuki
Operations Manager
Masato Goto
Investment Manager
Kazuyoshi Yoshizawa
Compliance Officer
Mr. Akira Matsumoto
Executive Director
Kazuya Hiraide
Controller
Shigeru Matsuda

See Also

Discover More
What is the Intrinsic Value of one Starts Proceed Investment Corp stock?

The intrinsic value of one Starts Proceed Investment Corp stock under the Base Case scenario is 227 688.64 JPY.

Is Starts Proceed Investment Corp stock undervalued or overvalued?

Compared to the current market price of 207 000 JPY, Starts Proceed Investment Corp is Undervalued by 9%.