Why is For Startups, Inc. ?
1
Strong Long Term Fundamental Strength with an average Return on Equity (ROE) of 17.73%
- Healthy long term growth as Net Sales has grown by an annual rate of 30.51% and Operating profit at 30.10%
- Company has very low debt and has enough cash to service the debt requirements
2
With ROE of 15.19%, it has a expensive valuation with a 2.24 Price to Book Value
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 76.05%, its profits have risen by 16.7% ; the PEG ratio of the company is 0.9
3
Market Beating Performance
- The stock has generated a return of 76.05% in the last 1 year, much higher than market (Japan Nikkei 225) returns of 28.54%
How much should you buy?
- Overall Portfolio exposure to For Startups, Inc. should be less than 10%
- Overall Portfolio exposure to Computers - Software & Consulting should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Computers - Software & Consulting)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is For Startups, Inc. for you?
High Risk, High Return
Absolute
Risk Adjusted
Volatility
For Startups, Inc.
76.05%
1.32
57.19%
Japan Nikkei 225
28.54%
1.11
25.75%
Quality key factors
Factor
Value
Sales Growth (5y)
30.51%
EBIT Growth (5y)
30.10%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-1.00
Sales to Capital Employed (avg)
1.49
Tax Ratio
25.37%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
153.82%
ROE (avg)
17.73%
Valuation Key Factors 
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
2.24
EV to EBIT
5.96
EV to EBITDA
5.09
EV to Capital Employed
429.91
EV to Sales
0.73
PEG Ratio
0.90
Dividend Yield
NA
ROCE (Latest)
7209.44%
ROE (Latest)
15.19%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bearish
No Trend
Technical Movement
13What is working for the Company
PRE-TAX PROFIT(Q)
At JPY 211.8 MM has Grown at 169.82%
NET PROFIT(Q)
At JPY 150.66 MM has Grown at 153.9%
RAW MATERIAL COST(Y)
Fallen by -2.44% (YoY
CASH AND EQV(HY)
Highest at JPY 4,985.95 MM
NET SALES(Q)
Highest at JPY 1,116.13 MM
-8What is not working for the Company
INTEREST(9M)
At JPY 5.27 MM has Grown at 10,644.9%
Here's what is working for For Startups, Inc.
Pre-Tax Profit
At JPY 211.8 MM has Grown at 169.82%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is very positive
Pre-Tax Profit (JPY MM)
Net Profit
At JPY 150.66 MM has Grown at 153.9%
Year on Year (YoY)MOJO Watch
Near term Net Profit trend is very positive
Net Profit (JPY MM)
Net Sales
Highest at JPY 1,116.13 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Net Sales
At JPY 1,116.13 MM has Grown at 28.9%
Year on Year (YoY)MOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Cash and Eqv
Highest at JPY 4,985.95 MM
in the last six Semi-Annual periodsMOJO Watch
Short Term liquidity is improving
Cash and Cash Equivalents
Raw Material Cost
Fallen by -2.44% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
Here's what is not working for For Startups, Inc.
Interest
At JPY 3.41 MM has Grown at 21,193.75%
over previous Semi-Annual periodMOJO Watch
Rising interest cost signifies increased borrowings
Interest Paid (JPY MM)






