Starts Proceed Investment Corporation

TSE

8979

Stock

Yield per half year: +0.8676%
Dividend yield: 5.89%
Sector: Real Estate

Reporting Starts Proceed Investment Corporation

Capitalization

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Капитализация, млрд ¥								65.2
Выручка, млрд ¥	6.15	6.21	6.24	7.02	6.34	6.57	7.21	7.21	6.68	2.93
Чистая прибыль, млрд ¥	2.42	2.33	2.33	3.08	2.34	2.5	2.63	2.63	2.58	2.45
EV, млрд ¥	79.48	88.87	91.39	101.95	103.22	101.87	110.01	110.01	101.69	3.78
EBIT, млрд ¥	2.72	2.74	2.74	3.46	2.73	2.93	3.19	3.19	3.01	3.09
EBITDA, млрд ¥	3.89	3.87	3.88	4.65	4.03	4.23	4.54	4.54	4.27	3.19
OIBDA, млрд ¥			4.3	5.07	4.43	4.66	5.1	5.1	4.71	3.47
Баланс стоимость, млрд ¥	43.52	43.46	42.94	43.58	43.34	43.48	48.85	48.85	44.44	2.61
FCF, млрд ¥	-20.56	-2.99	2.9	2.52	2.71	2.31	-9.74	-9.74	0.1400	-227.42
Операционный денежный поток, млрд ¥	5.37	3.85	3.96	9.39	4.68	7.25	5.02	5.02	6.06	4.86
Операционная прибыль, млрд ¥	2.78	2.74	2.74	3.46	2.73	2.93	3.19	3.19	3.01	3.09
Операционные расходы, млрд ¥	0.7573	0.8155	0.8294	0.8433	0.8466	0.8331	0.2898	0.2898	0.7284	-18.97
CAPEX, млрд ¥	25.93	6.84	1.06	6.87	1.97	4.94	14.76	14.76	5.92	69.34

	2021Q2	2021Q3	2021Q4	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q4	5 quarters average	CAGR 5
Выручка, млрд ¥					1.58	6.02	1.78	4.68	1.77	3.53	1.81	1.81	3.77	2.54	16.33
Чистая прибыль, млрд ¥					0.6506	1.3	0.7075	1.42	0.6092	1.22	0.7048	0.7048	1.38	0.9238	17.77
EV, млрд ¥				102.67	109	104.38	115.9	115.03	115.04	107.84	112.42	113.21	103.04	110.31	-2.18
EBIT, млрд ¥				0.6722	0.6618	1.52	0.78	1.68	0.7503	1.5	0.7822	0.7822	1.71	1.10	17.91
EBITDA, млрд ¥					0.9878	2.17	1.12	2.37	1.08	2.16	1.12	1.12	2.42	1.58	17.51
OIBDA, млрд ¥									1.22	2.45	1.2	1.27	2.75	1.78	17.65
Баланс стоимость, млрд ¥				43.38	43.48	43.48	49.24	49.24	48.85	48.85	48.95	48.95	48.82	48.88	-0.01
FCF, млрд ¥					2.38	0.5808	1.45	-10.89	1.07	1.04	1.32	-3.27	4.4	0.9120	32.68
Операционный денежный поток, млрд ¥				1.25	2.38	4.75	1.45	2.89	1.07	2.13	1.32	1.32	4.65	2.10	34.16
Операционная прибыль, млрд ¥					0.6618	1.52	0.78	1.68	0.7503	1.5	0.7822	0.8539	1.71	1.12	17.91
Операционные расходы, млрд ¥					0.018	0.1519	0.0237	0.0237	0.0987	0.0987	0.0219	0.0015	0.167	0.0776	11.09
CAPEX, млрд ¥	0.6275	0.3565	0.3565			4.17		13.79		1.09		4.59	0.254	4.78	-42.86

	5 quarters average	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Наличность, млрд ¥	3.87	1.7	1.35	1.41	1.56	1.43	1.31	1.31	1.41	-0.60
Short Term Investments ¥	1.93	2.03	2.01	0.1483		0.1225	0.1159	0.1159	0.8853	-43.60
Total Receivables ¥	0.0283	0.033	0.026	0.026	0.0319	0.0265	0.0281	0.0281	0.0277	1.57
Total Current Assets ¥	5.91	3.84	3.48	3.54	3.65	3.53	3.79	3.79	3.60	1.72
Чистые активы, млрд ¥	5.91	3.84	3.48	3.54	86.59	87.07		87.07	36.90	86.68
Активы, млрд ¥	87.48	90.75	89.8	90.41	90.26	90.63	103.44	103.44	92.91	2.87
Short Term Debt ¥	6.5	7.15	6.82	8.02	10.09	9.22	9.06	9.06	8.64	5.84
Long Term Debt ¥	36.25	38.9	38.83	37.63	35.55	36.42	43.79	43.79	38.44	2.43
Задолженность, млрд ¥	43.96	47.29	46.87	46.84	46.92	47.14	54.59	54.59	48.47	3.10
Чистый долг, млрд ¥	38.88	44.35	44.3	44.24	44.09	44.21	51.54	51.54	45.68	3.07
Долг, млрд ¥	42.75	46.05	45.65	45.65	45.65	45.65	52.85	52.85	47.09	2.97
Расходы на обслуживание долга ¥		0.3123	0.3214	0.3283	0.3411	0.3686	0.4502	0.4502	0.3619	6.97
Чист. проц. доходы, млрд ¥	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
Амортизация, млрд ¥	1.17	1.13	1.14	1.19	1.3	1.3	1.35	1.35	1.26	3.44
Себестоимость, млрд ¥			2.67	2.72	2.76	2.81	3.78	3.78	2.95	7.20
Товарно материальные запасы ¥			2.1	2.11	2.06	2.06	0.0878	0.0878	1.68	-47.00

	2021Q2	2021Q3	2021Q4	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q4	5 quarters average	CAGR 5
Наличность, млрд ¥					2.11	1.43	1.43	2	2	1.31	3.67	1.19	1.19	1.26	1.72	-0.78
Short Term Investments ¥							0.1225		0.1837		96.43				32.25	823.33
Total Receivables ¥					0.0325	0.0265	0.0265	0.0439	0.1014	0.0281	0.0281	0.0406	0.0406	0.03	0.0335	1.32
Total Current Assets ¥					4.14	3.53	3.53	4.43	4.43	3.79	3.79	3.66	3.66	3.82	3.74	0.16
Чистые активы, млрд ¥	3.42	3.65	3.65	4.14	4.14	85.46	85.46	97.29							55.30	88.02
Активы, млрд ¥					90.24	90.63	90.63	103.7	103.7	103.44	103.44	106.66	106.66	103.83	104.81	0.08
Short Term Debt ¥					9.96	9.22	9.22	9.03	8.71	9.06	8.73	12.85	12.85	8.16	10.33	-2.07
Long Term Debt ¥	37.01		35.55		35.68		36.42		43.81		43.79		43.09	45.1	42.44	4.37
Задолженность, млрд ¥					46.86	47.14	47.14	54.47	54.47	54.59	54.59	57.71	57.71	55.01	55.92	0.15
Чистый долг, млрд ¥					43.54	44.21	44.21	50.85	50.85	51.54	49.17	54.74	54.74	52	52.44	0.18
Долг, млрд ¥					45.65	45.65	45.65	52.85	52.85	52.85	52.85	55.93	55.93	53.26	54.16	0.15
Расходы на обслуживание долга ¥							0.2309		0.2691		0.2798		0.2952		0.2688	6.33
Амортизация, млрд ¥						0.326	0.652	0.3446	0.6893	0.3311	0.6623	0.3389	0.3389	0.709	0.4760	16.45
Себестоимость, млрд ¥									2.86	0.937	1.87	0.951	0.951	1.89	1.32	15.07
Товарно материальные запасы ¥							2.06		2.33						2.20	6.35

	5 quarters average	CAGR 5

Share

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	9577.6	9055.02	9127.42	12123.22	9225.86	9845.18	9322.9		9322.9	9928.92	0.42
Цена акции ао					236900	201200	173800	172400	172400	196075.00	-7.64
Число акций ао, млн	0.2522	0.2568	0.2552	0.2538	0.2538	0.2538	0.2825		0.2825	0.2598	2.05
FCF/акцию	-81518.36	-11656.09	11365.41	9948.76	10679.57	9093.51	-34472.79		-34472.79	1322.89	-224.85

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q4	2025Q1	2025Q2	5 quarters average	CAGR 5
EPS	2563.59	5127.19	2504.73	5009.45	2156.72	4313.44	2495.12	2495.12	4874.73			3267.03	17.71
Цена акции ао										176200	172400	174300.00	-1.08
FCF/акцию	9358.86	2288.79	5123.11	-38567.42	3770.22	3683.19	4667.15	-11590	15558.79			3217.87	32.78

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %	6.5	5.35	5.39	7.11	5.39	5.76	5.7		5.7	7.57	5.87	1.12
ROA, %	3.24	2.61	2.58	3.41	2.59	2.76	2.71		2.71	3.82	2.81	0.99
ROIC, %			5.38	6.33	5.28	6.3			6.3	6.80	5.82	4.03
ROS, %			37.34	43.84	36.94	38.01	36.53	36.53	36.53	30.96	38.37	-3.58
ROCE, %	3.38	3.29	3.32	4.22	3.43	3.63	3.4	6.53	6.53	3.43	4.24	9.12
Ebit margin, %			42.55	48.57	43.14	44.62	44.23	44.23	44.23		44.96	-1.85
Рентаб EBITDA, %	63.28	62.31	62.2	66.29	63.63	64.36	62.98	62.98	62.98	46.74	64.05	-1.02
Чистая рентаб, %	39.25	37.46	37.34	43.84	36.94	38.01	36.53		36.53	30.96	38.53	-0.44
Operation Margin, %			43.9	49.27	43.14	44.62	44.23	44.23	44.23	35.18	45.10	-2.14

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q4	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %	2.25	3.59	1.83	3.1	1.3	2.52	1.44	1.44	2.82		7.57	1.90	16.75
ROA, %	0.7194	1.44	0.7282	1.36	0.5882	1.18	0.6709	0.6608	1.31		3.82	0.8820	17.37
ROIC, %				2.87	1.39	2.77	1.3	1.3	2.82		6.80	1.92	15.20
ROS, %				30.23	34.49	34.49	39.02	39.02	36.54	36.53	30.96	37.12	1.16
ROCE, %	0.8258	1.89	0.9292	1.92	0.8266	1.6	0.8341	0.8363	1.82	6.53	3.43	2.32	32.48
Ebit margin, %				35.93	42.48	42.48	43.3	43.3	45.3	44.23		43.72	0.81
Рентаб EBITDA, %	62.64	36.07	63.28	50.66	61.23	61.23	62.06	62.06	64.12	62.98	46.74	62.49	0.57
Чистая рентаб, %	41.25	21.62	39.81	30.23	34.49	34.49	39.02	39.02	36.54		30.96	36.71	1.16
Operation Margin, %				35.93	42.48	42.48	43.3	47.27	45.3	44.23	35.18	44.52	0.81

	Industry average	5 quarters average	CAGR 5

Coefficients

IFRS

Reporting Annual Quarterly

	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E	16.81	19.15	20.21	18.76	25.26	23.08	22.2		22.2	29.78	21.90	1.90
P/BV	0.933	1.02	1.1	1.32	1.36	1.33	1.2		1.2	1.98	1.26	1.76
P/S	6.6	7.17	7.55	8.22	9.33	8.77	8.11		8.11	8.33	8.40	1.44
P/FCF						24.06	-6.7	-6.7	-6.7	24.43	3.55	-165.30
E/P						0.0359	0.0404	0.0404	0.0404	0.17	0.0389	4.01
EV/EBIT			34.42	29.91	37.75	34.73	34.5	34.5	34.5		34.28	2.90
EV/EBITDA	20.41	22.98	23.55	21.91	25.6	24.08	24.23		24.23	21.50	23.87	0.57
EV/S			14.65	14.53	16.29	15.5	15.26	15.26	15.26	12.32	15.37	0.99
EV/FCF			31.5	40.38	38.08	44.14	-11.3	-11.3	-11.3	117.90	20.00	-177.51
Debt/EBITDA	10.98	11.91	11.76	9.81	11.32	10.79	11.64	11.64	11.64	8.58	11.04	3.48
Netdebt/Ebitda			11.41	9.51	10.93	10.45	11.35	11.35	11.35	4.09	10.72	3.60
Debt/Ratio			0.5083	0.5049	0.5057	0.5037	0.5109	0.5109	0.5109	0.37	0.5072	0.24
Debt/Equity			1.06	1.05	1.05	1.05	1.08	1.12	1.12	0.82	1.07	1.30
Debt/Net Income			19.59	14.84	19.5	18.27	20.07	20.07	20.07	12.42	18.55	6.22
PEG								0.0019	0.0019		0.0019	0.00
Бета						-1.08	-1.32	-0.0542	-0.0542	-79.37	-0.8181	-63.11
Индекс Альтмана						2.29	2	2	2	20.04	2.10	-4.41

	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E		35.06	19.11	15.44	14.94	15.19	14.85	14.61	18.06	12.74			29.78	15.09	-3.46
P/BV	1.36	1.49	1.38	1.32	1.3	1.3	1.2	1.18	1.19	1.05			1.98	1.18	-4.18
P/S		11.8	5.23	4.46	4.3	4.25	4.99	4.89	6.56	4.68			8.33	5.07	1.95
P/FCF												-6.7	24.43	-6.7000	0.00
E/P												0.0404	0.17	0.0404	0.00
EV/EBIT					68.38	153.32	71.86	143.73	144.74	60.36		34.5		91.04	-13.65
EV/EBITDA		35.77	20	18.27	17.28	17.05	16	16.69	20.63	15.11			21.50	17.10	-2.39
EV/S					24.57	65.14	30.53	62.23	62.67	27.35		15.26	12.32	39.61	-12.95
EV/FCF					-10.56	108.02	103.66	85.27	-34.58	23.44		-11.3	117.90	33.30	-164.19
Debt/EBITDA		46.21	21.02	46.99	22.28	48.87	24.43	49.89	49.89	22.05		11.64	8.58	31.58	-13.78
Netdebt/Ebitda					21.44	47.66	22.74	48.83	48.83	21.52		11.35	4.09	30.65	-12.98
Debt/Ratio					0.5096	0.5109	0.5109	0.5244	0.5244	0.5129		0.5109	0.37	0.5167	0.00
Debt/Equity					1.07	1.08	1.08	1.14	1.14	1.09		1.12	0.82	1.11	0.73
Debt/Net Income					37.35	86.74	43.37	79.36	79.36	38.68		20.07	12.42	52.17	-14.28
PEG												0.0019		0.0019	0.00
Бета											-0.2483	-0.0542	-79.37	-0.1512	-53.28
Индекс Альтмана											2	2	20.04	2.00	0.00

	Industry average	5 quarters average	CAGR 5

Dividends

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд	1.85	2.38	2.31	2.43	2.57	2.35	3.11			3.11		2.55	6.13
Дивиденд	9021	9055	9180	10547	3281.45	10689	10331	5362	4980	5021		6928.69	8.70
Див доход, ао, %	5.42	5.41	4.55	5.41	1.97	6.4	7.75	5.77	6.02	5.89	5.48	5.58	25.03
Дивиденды / прибыль, %		76.77	102.51	99.04	79.12	109.91	94.26	118.2		118.2	73.18	100.11	3.60
Dividend Coverage Ratio									0.846	0.846		0.8460	0.00

	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q4	2025Q2	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд	0.5793	0.5982	0.5982	0.7565	1.51	0.7999	1.6	0.6593	0.6593	1.5			1.04	13.40
Дивиденды / прибыль, %		91.94	45.97	106.93	106.93	131.3	131.3	93.54	93.54	109.08		73.18	111.75	-3.64
Dividend Coverage Ratio											0.846		0.8460	0.00

	Industry average	5 quarters average	CAGR 5

Pay for your subscription

More functionality and data for company and portfolio analysis is available by subscription

Subscribe

Other

IFRS

Reporting Annual Quarterly

	2020	2021	2022	2023	2024	LTM	CAGR 5
CAPEX/Выручка, %	17.04	97.85	31.06	75.11	204.77	204.77	64.42

	2023Q4	2024Q2	2024Q4	CAGR 5
CAPEX/Выручка, %	30.85	254.21	6.74	-39.77

	CAGR 5