Valuation Starts Proceed Investment Corporation

Stocks

Market Closed - Japan Exchange 10:30:00 04/09/2026 +04			5-day change	1st Jan Change
185,000.00 ^JPY	+0.16%		-0.75%	-8.28%

08-25	Starts Proceed Investment to Acquire Tokyo Property for 2.05 Billion Yen	MT
08-25	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	27/07/21	25/07/22	24/07/23	29/07/24	25/07/25	28/07/26

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 (N)	EV / Sales (N)	EV / EBITDA (N)	Dividend Yield (N)	Capi.($)
STARTS PROCEED INVESTMENT CORPORATION	-	-	-	-	323M
EQUITY RESIDENTIAL	44.04x	14.35x	24.3x	-	50.57B
ESSEX PROPERTY TRUST, INC.	49.61x	12.5x	19.16x	3.72%	17.91B
INVITATION HOMES INC.	28.81x	8.5x	16.28x	4.23%	16.77B
MID-AMERICA APARTMENT COMMUNITIES, INC.	34.39x	9.26x	16.42x	4.78%	14.89B
SUN COMMUNITIES, INC.	-45.67x	8.81x	19.43x	3.75%	14.55B
EQUITY LIFESTYLE PROPERTIES, INC.	30.36x	9.76x	19.99x	3.45%	12.11B
UDR, INC.	35.38x	10.3x	16.76x	4.78%	11.69B
AMERICAN HOMES 4 RENT	33.3x	8.82x	16.53x	4.05%	11.68B
CAMDEN PROPERTY TRUST	91.16x	9.32x	16.63x	4.01%	10.84B
Average	33.49x	10.18x	18.39x	4.1%	16.13B
Weighted average by Cap.	34.81x	11.18x	19.77x	4.09%