Valuation Starts Proceed Investment Corporation

Stocks

Market Closed - Japan Exchange 02:30:00 2026-10-02 EDT			5-day change	1st Jan Change
177,700.00 ^JPY	-3.42%		-5.23%	-11.90%

09-30	Starts Proceed Investment Corporation completed the acquisition of Proceed Musashisakai.	CI
09-30	Starts Proceed Investment Completes Tokyo Property Sale	MT

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	-	-	-	-	318M
VIVMARK RESIDENTIAL	38.36x	12.63x	22.52x	-	46.56B
ESSEX PROPERTY TRUST, INC.	47.99x	12.2x	18.73x	3.85%	17.32B
INVITATION HOMES INC.	26.64x	8.02x	15.52x	4.55%	15.59B
MID-AMERICA APARTMENT COMMUNITIES, INC.	31.15x	8.64x	15.33x	5.27%	13.5B
SUN COMMUNITIES, INC.	-17.9x	8.41x	18.16x	4.07%	13.4B
EQUITY LIFESTYLE PROPERTIES, INC.	27.7x	9.19x	18.78x	3.74%	11.18B
AMERICAN HOMES 4 RENT	31.31x	8.45x	15.84x	4.31%	10.99B
UDR, INC.	32.28x	9.8x	15.93x	5.16%	10.82B
CAMDEN PROPERTY TRUST	70.36x	8.75x	15.7x	4.39%	9.91B
Average	31.99x	9.57x	17.39x	4.42%	14.96B
Weighted average by Cap.	32.92x	10.33x	18.60x	4.4%