Argus Research Initiates Equity Research Report Coverage on SYLA Technologies Co., Ltd. (NasdaqCM: SYT)
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Click Here to view full Argus Equity Research Report.
COMPANY HIGHLIGHTS: Excerpts (as conveyed by Argus Analyst Steve Silver) include:
SYLA Technologies: Democratizing Real Estate Investment in
- In our view, SYLA Technologies has achieved a leading position among Japanese real estate crowdsourcing platforms in the three years since the platform launch. We see the company being well positioned to capitalize on favorable regulatory trends promoting real estate investments in
Japan . - We view the company's investments in artificial intelligence (AI) as supporting its efficiency, by automating several processes in identifying properties and developing and managing projects.
- In the first half of 2023, SYLA reported a nearly
60% increase in its crowdsourcing member base, and anticipates continued growth in both members and revenue, as several property projects are expected to be completed by the end of 2023. We expect long-term membership growth to be supported by key marketing agreements, including with leader Rakuten, which features more than 100 million members inJapan . - We expect higher revenues in the second half of 2023, and view positively SYLA's outlook to double its dividend over the prior year, with a target payout ratio of
30% over time. In our view, the company's prospects to increase its profitability while returning capital to its shareholders through share repurchases and dividends are underappreciated by investors. - As of June 30, 2023, the company had
3.8 billion yen ( ) in both free and restricted cash on its balance sheet, with an improved asset base and working capital position following its 2023 initial public offering and Nasdaq listing.$25.3 million USD - Based on our Enterprise Value (EV) to revenue analysis, we arrive at a fair value of
per ADS.$8.00
INVESTMENT THESIS: Click Here to view full Argus Equity Research Report and Investment Thesis.
About SYLA Technologies Co., Ltd. (NasdaqCM: SYT) www.syla-tech.jp
Headquartered in
For more information please contact:
Hajime Sugino
Head of SYLA
h_sugino@syla.jp
(800) 643-7696
About Argus Research Corp.
Headquartered in NYC, Argus Research (www.argusresearch.com) is a leading independent equity research firm (est. 1934) ̶ providing fundamental and quantitative research coverage on more than 1,600 companies across all 11 sectors of the S&P 500, as well as macroeconomic and equity market forecasts, thematic research, model portfolios and IPO research. In addition, Argus has recently committed to providing a sponsored research solution for small & mid-cap companies seeking coverage. Argus's Equity Research & earnings estimates are available on major research / earnings estimate aggregator platforms, including Bloomberg, Thomson Reuters, Factset and S&P Global.
For more Information please contact:
Darrell Stone
646-747-5438
dstone@argusresearch.com
Argus Research Co. has received a flat fee from the company discussed in this report as part of a Sponsored Research agreement between Argus and the company. No part of Argus Research's compensation is directly or indirectly related to the content of this assessment or to other opinions expressed in this report. Please refer to the full Argus report and the disclaimer for complete disclosures.
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SOURCE Argus Research
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