What is Daily Journal Corp worth?
With the base-case assumptions below, a discounted cash flow model on Daily Journal Corp's reported free cash flow gives $286.80 per share. The share price was $656.86 on September 25, 2026, 129% above that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 7.0% | 10.0% | $186.47 | -72% |
| Base | 12.0% | 9.0% | $286.80 | -56% |
| Bull | 17.0% | 8.0% | $486.68 | -26% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $363.27 | $386.92 | $415.82 | $451.94 | $498.39 |
| 8.0% | $305.98 | $321.31 | $339.43 | $361.18 | $387.76 |
| 9.0% | $264.22 | $274.70 | $286.80 | $300.92 | $317.60 |
| 10.0% | $232.50 | $239.96 | $248.41 | $258.06 | $269.21 |
| 11.0% | $207.63 | $213.10 | $219.21 | $226.08 | $233.87 |
Where the presets come from
Base: years 1 to 5 grow at Daily Journal Corp's revenue growth rate over the last 5 fiscal years (11.9% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions