ScoreWhy is Starts Publishing Corp. ?
1
Strong Long Term Fundamental Strength with a 41.83% 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
The company has declared Negative results for the last 6 consecutive quarters
- OPERATING CASH FLOW(Y) Lowest at JPY 873.96 MM
- ROCE(HY) Lowest at 11.13%
- RAW MATERIAL COST(Y) Grown by 7.03% (YoY)
3
With ROE of 11.89%, it has a fair valuation with a 1.20 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 -30.25%, its profits have fallen by -25.8%
4
Underperformed the market in the last 1 year
- Even though the market (Japan Nikkei 225) has generated returns of 43.52% in the last 1 year, the stock has hugely underperformed and has generate negative returns of -30.25% returns
Real-Time Research ReportHow much should you hold?
- 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.
-30.25%
-0.60
27.07%
Japan Nikkei 225
43.52%
1.48
29.43%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
12.45%
EBIT Growth (5y)
41.83%
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)
0.87
Tax Ratio
30.31%
Dividend Payout Ratio
33.45%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
87.91%
ROE (avg)
15.36%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
10
Industry P/E
Price to Book Value
1.20
EV to EBIT
3.44
EV to EBITDA
3.30
EV to Capital Employed
1.59
EV to Sales
0.68
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
46.23%
ROE (Latest)
11.89%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
Bearish
Bearish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend3What is working for the Company
DIVIDEND PAYOUT RATIO(Y)
Highest at 87.9%
DEBTORS TURNOVER RATIO(HY)
Highest at 3.94 times
DIVIDEND PER SHARE(HY)
Highest at JPY 3.94
-16What is not working for the Company
OPERATING CASH FLOW(Y)
Lowest at JPY 873.96 MM
ROCE(HY)
Lowest at 11.13%
RAW MATERIAL COST(Y)
Grown by 7.03% (YoY
INVENTORY TURNOVER RATIO(HY)
Lowest at 21.86 times
OPERATING PROFIT(Q)
Lowest at JPY 215.71 MM
OPERATING PROFIT MARGIN(Q)
Lowest at 11.52 %
PRE-TAX PROFIT(Q)
Lowest at JPY 302.05 MM
NET PROFIT(Q)
Lowest at JPY 216.34 MM
EPS(Q)
Lowest at JPY 56.88
Here's what is working for Starts Publishing Corp.
Debtors Turnover Ratio
Highest at 3.94 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Dividend per share
Highest at JPY 3.94
in the last five yearsMOJO Watch
Company is distributing higher dividend from profits generated
DPS (JPY)
Dividend Payout Ratio
Highest at 87.9%
in the last five yearsMOJO Watch
Company is distributing higher proportion of profits generated as dividend
DPR (%)
Here's what is not working for Starts Publishing Corp.
Operating Cash Flow
Lowest at JPY 873.96 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)
Operating Profit
Lowest at JPY 215.71 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is negative
Operating Profit (JPY MM)
Operating Profit Margin
Lowest at 11.52 %
in the last five periodsMOJO Watch
Company's profit margin has deteriorated
Operating Profit to Sales
Pre-Tax Profit
Lowest at JPY 302.05 MM
in the last five periodsMOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Pre-Tax Profit
Fallen at -30.3%
Year on Year (YoY)MOJO Watch
Near term Pre-Tax Profit trend is negative
Pre-Tax Profit (JPY MM)
Net Profit
Lowest at JPY 216.34 MM
in the last five periodsMOJO Watch
Near term Net Profit trend is negative
Net Profit (JPY MM)
EPS
Lowest at JPY 56.88
in the last five periodsMOJO Watch
Declining profitability; company has created lower earnings for shareholders
EPS (JPY)
Inventory Turnover Ratio
Lowest at 21.86 times
in the last five Semi-Annual periodsMOJO Watch
Company's pace of selling inventory has slowed
Inventory Turnover Ratio
Raw Material Cost
Grown by 7.03% (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
Non Operating Income
Highest at JPY 0.34 MM
in the last five periodsMOJO Watch
Increased income from non business activities may not be sustainable
Non Operating income
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