Why is Starts Publishing Corp. ?
1
Strong Long Term Fundamental Strength with a 33.04% CAGR growth in Operating Profits
- Company has very low debt and has enough cash to service the debt requirements
- The company has been able to generate a Return on Capital Employed (avg) of 82.07% signifying high profitability per unit of total capital (equity and debt)
2
With ROE of 17.29%, it has a very attractive valuation with a 1.46 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 2.77%, its profits have fallen by -2.9%
How much should you buy?
- Overall Portfolio exposure to Starts Publishing Corp. should be less than 10%
- Overall Portfolio exposure to Media & Entertainment should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in Media & Entertainment)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Starts Publishing Corp. for you?
Low Risk, Low Return
Absolute
Risk Adjusted
Volatility
Starts Publishing Corp.
-100.0%
0.27
31.15%
Japan Nikkei 225
38.94%
1.30
28.24%
Quality key factors
Factor
Value
Sales Growth (5y)
10.92%
EBIT Growth (5y)
33.04%
EBIT to Interest (avg)
100.00
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-0.79
Sales to Capital Employed (avg)
0.94
Tax Ratio
26.57%
Dividend Payout Ratio
23.12%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
82.07%
ROE (avg)
15.36%
Valuation Key Factors 
Factor
Value
P/E Ratio
8
Industry P/E
Price to Book Value
1.46
EV to EBIT
3.10
EV to EBITDA
3.00
EV to Capital Employed
3.19
EV to Sales
0.79
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
102.79%
ROE (Latest)
17.29%
Technical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bullish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Sideways
Mildly Bullish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bullish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
No Trend
Technical Movement
2What is working for the Company
DIVIDEND PAYOUT RATIO(Y)
Highest at 67.06%
NET SALES(Q)
Highest at JPY 2,470.03 MM
-11What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 798.76 MM
ROCE(HY)
Lowest at 13.41%
RAW MATERIAL COST(Y)
Grown by 7.63% (YoY
DEBT-EQUITY RATIO
(HY)
Highest at 0 %
INVENTORY TURNOVER RATIO(HY)
Lowest at 14.36 times
DEBTORS TURNOVER RATIO(HY)
Lowest at 3.05 times
Here's what is working for Starts Publishing Corp.
Net Sales
Highest at JPY 2,470.03 MM
in the last five periodsMOJO Watch
Near term sales trend is positive
Net Sales (JPY MM)
Dividend Payout Ratio
Highest at 67.06%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Depreciation
Highest at JPY 18.7 MM
in the last five periodsMOJO Watch
The expenditure on assets done by the company may have gone into operation
Depreciation (JPY MM)
Here's what is not working for Starts Publishing Corp.
Operating Cash Flow
Lowest at JPY 798.76 MM and Fallen
In each year in the last three yearsMOJO Watch
The company's cash revenues from business operations are falling
Operating Cash Flows (JPY MM)
Debt-Equity Ratio
Highest at 0 %
in the last five Semi-Annual periodsMOJO Watch
The company is borrowing more to fund its operations; it's liquidity situation may be stressed
Debt-Equity Ratio
Inventory Turnover Ratio
Lowest at 14.36 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Debtors Turnover Ratio
Lowest at 3.05 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling Debtors has slowed
Debtors Turnover Ratio
Raw Material Cost
Grown by 7.63% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has deteriorated; this may lead to a fall in profit margin
Raw Material Cost as a percentage of Sales






