Starts Publishing (TSE:7849) - Share price, News & Analysis

7849 fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

7849 Stock Overview

Starts Publishing Corporation engages in the publishing business in Japan.

Rewards

Trading at 82.6% below our estimate of its fair value

Earnings grew by 175.8% over the past year

Risk Analysis

Does not have a meaningful market cap (¥5B)

Starts Publishing Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Starts Publishing
Historical stock prices
Current Share Price	JP¥2,855.00
52 Week High	JP¥3,880.00
52 Week Low	JP¥2,801.00
Beta	0.30
1 Month Change	-5.15%
3 Month Change	-17.72%
1 Year Change	-4.20%
3 Year Change	5.94%
5 Year Change	56.78%
Change since IPO	90.33%

Shareholder Returns

	7849	JP Media	JP Market
7D	-3.7%	-5.5%	-2.7%
1Y	-4.2%	-4.6%	-2.5%

Return vs Industry: 7849 matched the JP Media industry which returned -4.6% over the past year.

Return vs Market: 7849 underperformed the JP Market which returned -2.5% over the past year.

Price Volatility

Is 7849's price volatile compared to industry and market?
7849 volatility
7849 Average Weekly Movement	3.5%
Media Industry Average Movement	4.9%
Market Average Movement	4.5%
10% most volatile stocks in JP Market	8.9%
10% least volatile stocks in JP Market	2.5%

Stable Share Price: 7849 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 7849's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	214	Shuichi Kikuchi	https://www.starts-pub.jp

Starts Publishing Corporation engages in the publishing business in Japan. It publishes women's magazines, such as Oz magazine, Oz magazine trip, Metro Minutes, and Aerde; and offers event planning and management services. The company also operates Ozmall website; SCR based on know-how cultivated as a publisher; and novel posting sites comprising Noichigo and Berry's Café, as well as publishes books, e-books, and comics.

Starts Publishing Fundamentals Summary

How do Starts Publishing's earnings and revenue compare to its market cap?
7849 fundamental statistics
Market Cap	JP¥5.48b
Earnings (TTM)	JP¥626.00m
Revenue (TTM)	JP¥5.66b

8.8x

P/E Ratio

1.0x

P/S Ratio

Is 7849 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
7849 income statement (TTM)
Revenue	JP¥5.66b
Cost of Revenue	JP¥2.99b
Gross Profit	JP¥2.67b
Other Expenses	JP¥2.05b
Earnings	JP¥626.00m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	326.07
Gross Margin	47.24%
Net Profit Margin	11.06%
Debt/Equity Ratio	0.0%

How did 7849 perform over the long term?

See historical performance and comparison

Valuation

Is Starts Publishing undervalued compared to its fair value and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

>50%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: 7849 (¥2855) is trading below our estimate of fair value (¥16432.06)

Significantly Below Fair Value: 7849 is trading below fair value by more than 20%.

Price To Earnings Ratio

PE vs Industry: 7849 is good value based on its PE Ratio (8.8x) compared to the JP Media industry average (15.5x).

PE vs Market: 7849 is good value based on its PE Ratio (8.8x) compared to the JP market (12.1x).

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 7849's PEG Ratio to determine if it is good value.

Price to Book Ratio

PB vs Industry: 7849 is good value based on its PB Ratio (1x) compared to the JP Media industry average (1.5x).

Future Growth

How is Starts Publishing forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

5.3%

Forecasted Media industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Starts Publishing has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Starts Publishing performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

11.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 7849 has high quality earnings.

Growing Profit Margin: 7849's current net profit margins (11.1%) are higher than last year (4.9%).

Past Earnings Growth Analysis

Earnings Trend: 7849's earnings have grown by 11% per year over the past 5 years.

Accelerating Growth: 7849's earnings growth over the past year (175.8%) exceeds its 5-year average (11% per year).

Earnings vs Industry: 7849 earnings growth over the past year (175.8%) exceeded the Media industry 48.6%.

Return on Equity

High ROE: 7849's Return on Equity (11.8%) is considered low.

Financial Health

How is Starts Publishing's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 7849's short term assets (¥5.8B) exceed its short term liabilities (¥1.3B).

Long Term Liabilities: 7849's short term assets (¥5.8B) exceed its long term liabilities (¥143.0M).

Debt to Equity History and Analysis

Debt Level: 7849 is debt free.

Reducing Debt: 7849 has not had any debt for past 5 years.

Debt Coverage: 7849 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 7849 has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

Dividend

What is Starts Publishing current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 7849's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 7849's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 7849's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 7849's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: 7849 is not paying a notable dividend for the JP market.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 7849 has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Media industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

11.2yrs

Average board tenure

CEO

Shuichi Kikuchi (61 yo)

18.17yrs

Tenure

Mr. Shuichi Kikuchi has been the President of Starts Publishing Corp. since March 2004. Mr. Kikuchi has been a Representative Director at Starts Publishing Corp. since March 2004. Mr. Kikuchi joined RECRUI...

Board Members

Experienced Board: 7849's board of directors are seasoned and experienced ( 11.2 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/05/15 00:00
End of Day Share Price	2022/05/14 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31