Valuation Starts Proceed Investment Corporation

Stocks

Market Closed - Japan Exchange 02:30:00 2026-09-11 EDT			5-day change	1st Jan Change
184,300.00 ^JPY	-0.59%		-0.38%	-8.63%

08-25	Starts Proceed Investment to Acquire Tokyo Property for 2.05 Billion Yen	MT
08-24	Starts Proceed Investment Corporation signed a letter of intent to acquire Proceed Musashisakai for ¥2.0 billion.	CI

Data adjusted to current consolidation scope

Fiscal Period: April	2021	2022	2023	2024	2025	2026
Market Cap ¹	57,709	59,130	65,111	58,473	46,308	52,903
Change	-	2.46%	10.11%	-10.2%	-20.8%	14.24%
Enterprise Value (EV) ¹	101,966	102,666	115,959	113,212	97,386	107,303
Change	-	0.69%	12.95%	-2.37%	-13.98%	10.18%
P/E	22.4x	25.1x	22.8x	22.2x	17.3x	22x
PBR	1.33x	1.36x	1.32x	1.19x	0.98x	1.14x
PEG	-	-2.94x	2.49x	-2.72x	3.41x	-2.28x
Capitalization / Revenue	8.86x	9.43x	9.71x	8.18x	6.39x	7.24x
EV / Revenue	15.7x	16.4x	17.3x	15.8x	13.4x	14.7x
EV / EBITDA	24x	26x	27.4x	25.7x	21.7x	23.4x
EV / EBIT	34.6x	38.7x	40.2x	36.9x	31.7x	34.1x
EV / FCF	-57.2x	-	78.1x	36.9x	32.6x	-62.1x
FCF Yield	-1.75%	-	1.28%	2.71%	3.07%	-1.61%
Dividend per Share ²	-	9,281	11,638	9,985	10,720	-
Rate of return	-	3.98%	5.05%	4.82%	6.33%	-
EPS ²	10,147	9,281	10,130	9,304	9,776	8,832
Distribution rate	-	100%	115%	107%	110%	-
Net sales ¹	6,512	6,271	6,709	7,145	7,242	7,303
EBITDA ¹	4,249	3,948	4,225	4,405	4,480	4,583
EBIT ¹	2,946	2,654	2,884	3,065	3,072	3,150
Net income ¹	2,575	2,355	2,716	2,628	2,761	2,406
Net Debt ¹	44,257	43,536	50,848	54,740	51,078	54,400
Reference price ²	227,400.00	233,000.00	230,500.00	207,000.00	169,400.00	194,200.00
Nbr of stocks (in thousands)	254	254	282	282	273	272
Announcement Date	7/27/21	7/25/22	7/24/23	7/29/24	7/25/25	7/28/26

¹JPY in Million²JPY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
STARTS PROCEED INVESTMENT CORPORATION	-	-	-	-	328M
EQUITY RESIDENTIAL	43.82x	13.47x	24.2x	-	50.31B
ESSEX PROPERTY TRUST, INC.	48.32x	12.26x	18.78x	3.82%	17.44B
INVITATION HOMES INC.	27.96x	8.33x	15.96x	4.36%	16.28B
MID-AMERICA APARTMENT COMMUNITIES, INC.	33.36x	9.06x	16.07x	4.93%	14.44B
SUN COMMUNITIES, INC.	-43.94x	8.54x	18.85x	3.89%	14B
EQUITY LIFESTYLE PROPERTIES, INC.	29.33x	9.5x	19.45x	3.58%	11.7B
AMERICAN HOMES 4 RENT	32.36x	8.65x	16.2x	4.17%	11.36B
UDR, INC.	33.84x	10.06x	16.39x	4.95%	11.29B
CAMDEN PROPERTY TRUST	88.8x	9.09x	16.35x	4.14%	10.51B
Average	32.65x	9.89x	18.03x	4.23%	15.77B
Weighted average by Cap.	34.29x	10.78x	19.51x	4.22%