NEW
YORK, Nov. 20, 2023 /PRNewswire/ -- Argus
Research, an independent investment research firm, has launched
Equity Research Report coverage on SYLA Technologies Co., Ltd.
(NasdaqCM: SYT)
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
Japan
- 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 in
Japan.
- 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 ($25.3 million USD) 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.
- Based on our Enterprise Value (EV) to revenue analysis,
we arrive at a fair value of $8.00
per ADS.
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 Tokyo, Japan,
SYLA Technologies owns and operates the largest membership real
estate crowd-funding plat form in Japan, Rimawari-kun. This platform aims to
democratize real estate investment around the world through
technology and asset management, targeting individuals, corporate
and institutional investors, as well as high net worth individuals.
The company is also engaged in other early-stage businesses that
focus on the sale of renewable energy related products.
For more information please contact:
Hajime Sugino
Head of SYLA USA
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