Starts Proceed Investment Corporation (8979) AI Stock Analysis

• Market Cap: ¥55.38B
• Dividend Yield: 4.83%
• Average Volume (3M): 509.00
• Price to Earnings (P/E): 20.8
• Beta (1Y): 0.13
• Revenue Growth: 4.22%
• EPS Growth: 5.08%
• Country: JP
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): 4897.00
• Shares Outstanding: 272,415
• 10 Day Avg. Volume: 377
• 30 Day Avg. Volume: 509
• PEG Ratio: 3.02
• Price to Book (P/B): 1.01
• Price to Sales (P/S): 6.55
• P/FCF Ratio: 20.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥234,136 ▲(14.77% Upside)

Starts Proceed Investment Corporation is well-positioned with strong financial performance, particularly in revenue growth and profitability. Technical indicators support a positive outlook, with the stock trading above key moving averages. While the P/E ratio suggests potential overvaluation, the attractive dividend yield provides a compensating factor for investors seeking income.

Starts Proceed Investment Corporation Business Overview & Revenue Model

Company Description

Starts Proceed Investment Corporation listed on the Jasdaq Securities Exchange (currently JASDAQ market in Osaka Securities Exchange) in November 2005 as a real estate investment trust (J-REIT) specializing in rental housing. Later in July 2010, Starts Proceed transferred its listing to the Tokyo Stock Exchange (securities code: 8979).

How the Company Makes Money

Starts Proceed Investment Corporation generates revenue primarily through its investment activities. The company earns income from capital gains achieved by buying and selling assets in its investment portfolio, which includes equities, real estate properties, and technology startups. Additionally, it receives management fees from funds that it oversees, as well as performance fees tied to the success of its investments. Strategic partnerships with other financial institutions and venture capital firms enhance its ability to access lucrative investment opportunities, further contributing to its revenue streams. Overall, the company's financial performance is closely linked to the effectiveness of its investment strategies and market conditions.

Starts Proceed Investment Corporation Financial Statement Overview

Summary

Starts Proceed Investment Corporation displays strong financial health across all statements. The income statement highlights solid revenue growth and profitability. The balance sheet is stable with a healthy equity base, though debt levels should be watched. Cash flow analysis reveals positive trends and strong cash generation. Overall, the company is well-positioned in the residential REIT sector.

Income Statement

The company demonstrates a strong income statement with consistent revenue growth, evidenced by a 4.38% increase in total revenue from 2023 to 2024. Gross profit margin is solid at 58.6%, and net profit margin is robust at 37%. These healthy margins indicate efficient cost management and strong profitability. Both EBIT and EBITDA margins are also strong, suggesting solid operational performance.

Balance Sheet

The balance sheet reflects a stable financial position with a debt-to-equity ratio of 1.09, indicating a balanced approach to leveraging. The equity ratio stands at 47.0%, showcasing a strong equity base relative to total assets. ROE is impressive at 57.1%, signaling effective use of equity to generate profits. However, the high level of total debt warrants monitoring.

Cash Flow

Cash flow performance is strong with significant improvement in free cash flow, turning from negative in 2023 to positive in 2024. The free cash flow to net income ratio is 0.88, indicating a solid conversion of net income into free cash flow. Operating cash flow is robust compared to net income, highlighting efficient cash generation from operations.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	9.92B	7.53B	7.21B	6.57B	6.34B	7.02B
Gross Profit	1.87B	4.41B	4.11B	3.77B	3.58B	4.30B
EBITDA	4.84B	4.71B	4.54B	4.17B	4.03B	4.69B
Net Income	2.76B	2.79B	2.63B	2.50B	2.34B	3.08B
Balance Sheet
Total Assets	101.99B	103.83B	103.44B	90.63B	90.26B	90.41B
Cash, Cash Equivalents and Short-Term Investments	4.43B	1.26B	1.19B	1.43B	1.56B	1.41B
Total Debt	53.25B	53.26B	52.85B	45.65B	45.65B	45.65B
Total Liabilities	55.00B	55.01B	54.59B	47.14B	46.92B	46.84B
Stockholders Equity	46.98B	48.82B	48.85B	43.48B	43.34B	43.58B
Cash Flow
Free Cash Flow	8.42B	2.45B	-9.74B	2.31B	2.71B	2.52B
Operating Cash Flow	8.98B	7.29B	5.02B	7.25B	4.68B	9.39B
Investing Cash Flow	-631.87M	-4.88B	-14.68B	-5.00B	-1.99B	-6.88B
Financing Cash Flow	-7.42B	-2.41B	9.92B	-2.37B	-2.58B	-2.45B

Starts Proceed Investment Corporation Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 204000.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8979, the sentiment is Positive. The current price of 204000 is above the 20-day moving average (MA) of 201482.91, above the 50-day MA of 197952.48, and above the 200-day MA of 177818.00, indicating a bullish trend. The MACD of 1883.48 indicates Negative momentum. The RSI at 62.10 is Neutral, neither overbought nor oversold. The STOCH value of 60.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8979.

Starts Proceed Investment Corporation Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
3451	78 Outperform	¥55.34B	19.41	―	5.05%	3.63%	1.58%
8979	76 Outperform	¥55.38B	20.80	―	4.83%	4.22%	5.08%
3282	75 Outperform	¥254.78B	27.24	―	3.51%	13.25%	3.76%
3481	70 Outperform	¥187.26B	22.07	―	4.78%	22.29%	0.88%
3287	66 Neutral	¥151.32B	27.03	―	3.99%	23.80%	7.98%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%