Starts Proceed Investment (TSE:8979) Stock Price & Quote Analysis

8979 fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	2/6
Financial Health	1/6
Dividends	6/6

8979 Stock Overview

Rewards

Trading at 43.2% below our estimate of its fair value

Pays a high and reliable dividend of 3.68%

Risk Analysis

Debt is not well covered by operating cash flow

Starts Proceed Investment Corporation Competitors

Samty Residential Investment

TSE:3459

JP¥105.7b

Kenedix Residential Next Investment

TSE:3278

JP¥226.0b

Comforia Residential REIT

TSE:3282

JP¥239.9b

Nippon Accommodations Fund

TSE:3226

JP¥341.4b

Price History & Performance

Summary of all time highs, changes and price drops for Starts Proceed Investment
Historical stock prices
Current Share Price	JP¥247,700.00
52 Week High	JP¥272,800.00
52 Week Low	JP¥201,000.00
Beta	0.30
1 Month Change	1.23%
3 Month Change	4.82%
1 Year Change	-1.67%
3 Year Change	35.36%
5 Year Change	64.04%
Change since IPO	96.12%

Shareholder Returns

	8979	JP REITs	JP Market
7D	-2.8%	-0.04%	0.3%
1Y	-1.7%	-6.0%	-1.8%

Return vs Industry: 8979 exceeded the JP REITs industry which returned -6% over the past year.

Return vs Market: 8979 matched the JP Market which returned -1.8% over the past year.

Price Volatility

Is 8979's price volatile compared to industry and market?
8979 volatility
8979 Average Weekly Movement	2.9%
REITs Industry Average Movement	2.5%
Market Average Movement	3.9%
10% most volatile stocks in JP Market	8.0%
10% least volatile stocks in JP Market	2.1%

Stable Share Price: 8979 is not significantly more volatile than the rest of JP stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: 8979's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	n/a	https://www.sp-inv.co.jp

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).

Starts Proceed Investment Corporation Fundamentals Summary

How do Starts Proceed Investment's earnings and revenue compare to its market cap?
8979 fundamental statistics
Market Cap	JP¥62.86b
Earnings (TTM)	JP¥2.35b
Revenue (TTM)	JP¥6.34b

26.7x

P/E Ratio

9.9x

P/S Ratio

Is 8979 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
8979 income statement (TTM)
Revenue	JP¥6.34b
Cost of Revenue	JP¥3.31b
Gross Profit	JP¥3.03b
Other Expenses	JP¥678.45m
Earnings	JP¥2.35b

Last Reported Earnings

Apr 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	9.28k
Gross Margin	47.85%
Net Profit Margin	37.14%
Debt/Equity Ratio	105.2%

How did 8979 perform over the long term?

See historical performance and comparison

Dividends

3.7%

Current Dividend Yield

50%

Payout Ratio

Does 8979 pay a reliable dividends?

See 8979 dividend history and benchmarks

When do you need to buy 8979 by to receive an upcoming dividend?
Starts Proceed Investment dividend dates
Ex Dividend Date	Oct 28 2022
Dividend Pay Date	Jan 17 2023
Days until Ex dividend	78 days
Days until Dividend pay date	159 days