Daily Journal Corporation

NasdaqCM:DJCO Lagerbericht

Marktkapitalisierung: US$637.3m

Daily Journal Zukünftiges Wachstum

Future Kriterienprüfungen 0/6

Wir verfügen derzeit nicht über ausreichende Analystenabdeckung, um Wachstum und Umsatz für Daily Journal zu prognostizieren.

Wichtige Informationen

n/a

Wachstumsrate der Gewinne

n/a

EPS-Wachstumsrate

Software Gewinnwachstum19.7%
Wachstumsrate der Einnahmenn/a
Zukünftige Eigenkapitalrenditen/a
Analystenabdeckung

None

Zuletzt aktualisiertn/a

Jüngste Aktualisierungen zum künftigen Wachstum

Keine Aktualisierungen

Recent updates

Seeking Alpha • Jun 18

Daily Journal: Currently Fairly Valued

Summary My December sell rating on DJCO was driven by its extreme 3.2x price-to-book valuation, which has since corrected with a 30% share price drop. Daily Journal is a unique blend of legacy newspaper publishing and a niche legal software business, with deep roots in Charlie Munger's investment philosophy. Munger's stewardship compounded the Company's book value per share 30-fold over 28.5 years, outpacing the S&P 500's returns in that period. With the passing of Charlie Munger, DJCO will unlikely return to its premium valuation. Currently, Daily Journal shares are fairly valued according to a sum-of-the-parts model. Read the full article on Seeking Alpha
Analyseartikel • Dec 19

Investors Will Want Daily Journal's (NASDAQ:DJCO) Growth In ROCE To Persist

What are the early trends we should look for to identify a stock that could multiply in value over the long term...
Analyseartikel • Nov 07

Revenues Not Telling The Story For Daily Journal Corporation (NASDAQ:DJCO) After Shares Rise 26%

Daily Journal Corporation ( NASDAQ:DJCO ) shares have continued their recent momentum with a 26% gain in the last month...
Analyseartikel • Nov 07

Optimistic Investors Push Daily Journal Corporation (NASDAQ:DJCO) Shares Up 26% But Growth Is Lacking

Despite an already strong run, Daily Journal Corporation ( NASDAQ:DJCO ) shares have been powering on, with a gain of...
Analyseartikel • Aug 24

Daily Journal (NASDAQ:DJCO) Is Experiencing Growth In Returns On Capital

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Typically, we'll want to...
Analyseartikel • Aug 04

Daily Journal Corporation's (NASDAQ:DJCO) Popularity With Investors Is Under Threat From Overpricing

Daily Journal Corporation's ( NASDAQ:DJCO ) price-to-sales (or "P/S") ratio of 8x might make it look like a strong sell...
Analyseartikel • May 08

Returns At Daily Journal (NASDAQ:DJCO) Are On The Way Up

If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Ideally, a...
Analyseartikel • Mar 05

Why We're Not Concerned About Daily Journal Corporation's (NASDAQ:DJCO) Share Price

Daily Journal Corporation's ( NASDAQ:DJCO ) price-to-sales (or "P/S") ratio of 7x may look like a poor investment...
Analyseartikel • Nov 16

There's Been No Shortage Of Growth Recently For Daily Journal's (NASDAQ:DJCO) Returns On Capital

There are a few key trends to look for if we want to identify the next multi-bagger. Ideally, a business will show two...
Seeking Alpha • Sep 28

Charlie Munger's Daily Journal Corporation Is A Cohiba Cigar Butt

Summary According to Ben Graham's value investment classic "The Intelligent Investor," the definition of a net-net is a company trading below its net working capital value. Warren Buffett re-coined the term, cigar butt, for having one puff left. Daily Journal Corporation is by no means a one-puff pony, this is a well-managed holdings company with Charlie Munger's previous management and influence. Daily Journal is trading below its working-capital value Daily Journal Corporation (DJCO) is a business and legal news and advertising editorial in California. Until his recent step-down as chairman of the board in April, the marketable securities investment side of the business was run by Charlie Munger for the last 45 years. While the company likes to say that they are not a smaller version of Berkshire Hathaway (BRK.A, BRK.B), the operations have a resemblance. The company operates several small newspaper circulations throughout California, most focused on the legal and business communities. While the company does generate about $50 million a year in the news business, overhead and salaries amount to roughly $48 million of that, generating a net income of $2.15 million FY 2021. What the company has in common with the original Berkshire Hathaway is that it has built up a holding in marketable securities that makes up the vast majority of its assets, to the tune of $347 million worth for a company with a $326 million market cap. Over the years, whilst the news and advertising business had been dwindling, Charlie Munger as Chairman of the Board was overseeing the investment of retained earnings into stock holdings. At this point, dividends alone make up more net income than what is provided by the media part of the business, with unrealized gains of $244 million. Being that this is a business that is nearly self-sustainable at this point, the company also carries very little debt. It has put the company in a rare situation where they are now trading below net current asset value, with $372 million in total current assets and only $33.5 million in debt. We will further examine one of the original Benjamin Graham value metrics in this article, the net-net, or as Warren Buffett termed it, the cigar butt valuation. My thesis is this is a buy, especially in an economic downturn where the margin of safety is becoming ever more important. In this case, I like to call the Daily Journal a Cohiba butt, because it is certainly an elite version of a discounted dollar. What is a net-net ? This is a term you may have heard uttered by value investment gurus. Many value funds from the 1950s even up until now hunt for companies that are trading below liquidation value. Buffett and Graham were obsessed with these because, in poor economic times, they provide the highest margin of safety. Nick Sleep, who ran Nomad Partnership in the early 2000s, also started by looking for dollars selling for .50 cents. Nomad was so determined to find cigar butts at first that they even bought net-nets in Zimbabwe. You find these deals more often than not in smaller cap companies that don't require a lot of debt to sustain the business. Daily Journal Corporation is certainly in this category. The exercise in finding a net-net is both simple and unique. It is the only valuation metric I am aware of that solely relies on the balance sheet and disregards the income and cash flow statement. Many of you out there have a copy of Benjamin Graham's The Intelligent Investor. If you are so inclined, you can open your copy and flip to pages 390-391, where you will see a succinct description of how to perform the exercise: Technically, the working-capital value of a stock is the current assets per share, minus the current liabilities per share, divided by the number of shares outstanding. All three of these items are lined up right on the balance sheet. Let's examine the balance sheet of the Daily Journal and go through the exercise: Daily Journal Balance Sheet (yahoo finance) 1. Here we can see total current assets are $372 million FY 2021. 2. Subtracting out the total debt of $33 million, we get net current assets of $338 million. 3. Ordinary shares, (shares issued minus those in treasury from buybacks not yet retired), are only 1.38 million. Taking the net current assets of $338 million and dividing it by 1.38 million shares outstanding gets us $245 a share in net current assets. As the majority of these are marketable securities, with a tad over $12 million being held in just cash, let's take a look at their holdings next. Daily Journal Corporation 13 F DJCO holdings mrq (whalewisdom.com) Heavy focus on banks With large holdings in Bank of America (BAC), Wells Fargo (WFC), and U.S. Bancorp (USB), Buffett, Munger, and Graham have always been big proponents of bank stocks. Buffett likes them because they always trade at fair valuations to assets and earnings, but are also a great hedge against inflation. As the dollar value of homes, cars, and all other goods requiring consumer debt goes up, it doesn't take a larger workforce to generate higher dollar loans against those goods. All you have to do is move commas and decimal points. Banks are unique in that their revenue and income will grow with the economy without adding costs. The biggest costs to banks are normally defaults and bad loans. One of the larger holdings that was recently halved is Alibaba (BABA, BABAF). The Daily Journal took significant losses on this holding, as have other elite hedge funds that got too enthusiastic about the "Amazon of China" moniker. Rounding out the bottom of the list is POSCO (PKX), a Korean steel company that is trading at .32 price-to-book and 4.5 X forward earnings. The banks and POSCO are all trading well under their Graham number value (22.5 × (Earnings Per Share) × (Book Value Per Share), while Alibaba was a stock that discounted free cash flow practitioners had high hopes for, but continued to revise down. From the majority of the selections on the list, we can see that Munger's thought process is at least 80% centered around the original theses of The Intelligent Investor. Additionally, the company does not pay a dividend. This holds true to the Berkshire Hathaway model that tax efficiency and compounding are the main tenets of its business model. Daily Journal's other operations This is, in a nutshell, Charlie Munger's deferred tax vehicle brainchild, but let's see what else they do outside of the part Munger managed: Daily Journal Corporation (the "Company") publishes newspapers and websites reporting California and Arizona news and produces several specialized information services. It also serves as a newspaper representative specializing in public notice advertising. This is sometimes referred to as the Company's "Traditional Business." Journal Technologies, Inc. ("Journal Technologies"), a wholly-owned subsidiary of the Company, supplies case management software systems and related products to courts, prosecutor and public defender offices, probation departments and other justice agencies, including administrative law organizations, city and county governments and bar associations. These organizations use the Journal Technologies family of products to help manage cases and information electronically, to interface with other critical justice partners and to extend electronic services to the public, including e-filing and a website to pay traffic citations and fees online. These products are licensed in 42 states and internationally. Essentially all of the Company's U.S. operations are based in California, Arizona and Utah. The Company also has a presence in Australia where Journal Technologies is working on three software installation projects. Financial information of the Company, including information about each of the Company's reportable segments, is set forth in Item 8 ("Financial Statements and Supplementary Data").-Daily Journal 2021 10K
Analyseartikel • Sep 27

Is Daily Journal (NASDAQ:DJCO) A Risky Investment?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Seeking Alpha • Aug 12

Daily Journal GAAP EPS of -$22.31, revenue of $34.8M

Daily Journal press release (NASDAQ:DJCO): 9M  GAAP EPS of -$22.31. Revenue of $34.8M (-8.3% Y/Y).
Seeking Alpha • May 17

Daily Journal Corporation: Attractively Priced If Its Investments Pay Off

Daily Journal Corporation has done well to grow its new core business in recent years, creating real value for its investors. But the real value lies in the fact that the business has a significant portfolio of securities on its books. Factoring this into the equation, shares look quite cheap, but this could change based on investment performance.
Seeking Alpha • Nov 05

Daily Journal: A Value Stock With A Margin Of Safety

The Daily Journal has been trending sideways for 18 months now. However, the company reported a large profit, giving the stock a 3.5x P/E. This surge in profits could indicate a reason to be optimistic. Accordingly, I’m bullish DJCO over the next five to seven years due to its strong operating businesses and public securities holdings.
Analyseartikel • Feb 11

How Much Does Daily Journal's (NASDAQ:DJCO) CEO Make?

The CEO of Daily Journal Corporation ( NASDAQ:DJCO ) is Gerald Salzman, and this article examines the executive's...
Analyseartikel • Jan 25

What Percentage Of Daily Journal Corporation (NASDAQ:DJCO) Shares Do Insiders Own?

A look at the shareholders of Daily Journal Corporation ( NASDAQ:DJCO ) can tell us which group is most powerful. Large...
Analyseartikel • Jan 07

Daily Journal Corporation's (NASDAQ:DJCO) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?

Daily Journal's (NASDAQ:DJCO) stock is up by a considerable 48% over the past three months. However, we decided to pay...
Analyseartikel • Dec 17

Is Daily Journal (NASDAQ:DJCO) Using Debt In A Risky Way?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analyseartikel • Nov 21

If You Had Bought Daily Journal (NASDAQ:DJCO) Shares Five Years Ago You'd Have Earned 36% Returns

If you buy and hold a stock for many years, you'd hope to be making a profit. Better yet, you'd like to see the share...

In diesem Abschnitt stellen wir normalerweise Umsatz- und Gewinnwachstumsprognosen vor, die auf den Konsensschätzungen professioneller Analysten basieren, um den Anlegern zu helfen, die Fähigkeit des Unternehmens zur Gewinnerzielung zu verstehen. Da Daily Journal jedoch nicht genügend Daten aus der Vergangenheit zur Verfügung gestellt hat und keine Analystenprognose vorliegt, können die zukünftigen Erträge nicht zuverlässig durch Extrapolation von Vergangenheitsdaten oder anhand von Analystenprognosen berechnet werden.

Dies ist eine recht seltene Situation, da 97 % der von SimplyWall St erfassten Unternehmen über Finanzdaten aus der Vergangenheit verfügen.

Gewinn- und Umsatzwachstumsprognosen

NasdaqCM:DJCO - Zukünftige Analystenschätzungen und Finanzdaten der Vergangenheit (USD Millions)
DatumUmsatzGewinneFreier CashflowBargeld aus operativen TätigkeitenDurchschn. Anz. Analysten
3/31/202694141414N/A
12/31/2025909399N/A
9/30/2025881121313N/A
6/30/202579971212N/A
3/31/20257310666N/A
12/31/2024727633N/A
9/30/2024707800N/A
6/30/2024724533N/A
3/31/2024722299N/A
12/31/202371161112N/A
9/30/202368211515N/A
6/30/202365-171313N/A
3/31/202360-27910N/A
12/31/202255-65-3-3N/A
9/30/202254-76-5-5N/A
6/30/202247-32-7-7N/A
3/31/20224820-7-7N/A
12/31/2021516166N/A
9/30/20215011333N/A
6/30/20215114644N/A
3/31/20215011844N/A
12/31/2020494933N/A
9/30/202050422N/A
6/30/202050-4001N/A
3/31/202052-5100N/A
12/31/20195011N/A1N/A
9/30/201949-25N/A2N/A
6/30/201946-18N/A4N/A
3/31/201942-23N/A-1N/A
12/31/201841-28N/A-4N/A
9/30/2018418N/A-2N/A
6/30/20184212N/A-5N/A
3/31/20184112N/A-5N/A
12/31/20174215N/A-2N/A
9/30/201741-1N/A-3N/A
6/30/201739-1N/A-2N/A
3/31/2017400N/A0N/A
12/31/201641-3N/A2N/A
9/30/201642-1N/A1N/A
6/30/2016430N/A3N/A
3/31/2016440N/A3N/A
12/31/2015430N/A6N/A
9/30/2015441N/A8N/A
6/30/2015452N/A5N/A

Analystenprognosen zum zukünftigen Wachstum

Einkommen vs. Sparrate: Unzureichende Daten, um festzustellen, ob das prognostizierte Gewinnwachstum von DJCO über der Sparquote liegt (3.5%).

Ertrag vs. Markt: Unzureichende Daten, um festzustellen, ob die Gewinne von DJCO schneller wachsen werden als der Markt US

Hohe Wachstumserträge: Die Daten reichen nicht aus, um festzustellen, ob die Einnahmen von DJCO in den nächsten 3 Jahren erheblich steigen werden.

Einnahmen vs. Markt: Die Daten reichen nicht aus, um festzustellen, ob die Einnahmen von DJCO schneller wachsen werden als der Markt von US.

Hohe Wachstumseinnahmen: Es liegen keine ausreichenden Daten vor, um festzustellen, ob die Einnahmen von DJCO schneller wachsen werden als 20% pro Jahr.

Wachstumsprognosen für den Gewinn je Aktie

Künftige Eigenkapitalrendite

Künftige Eigenkapitalrendite: Unzureichende Daten, um festzustellen, ob die Eigenkapitalrendite von DJCO in 3 Jahren voraussichtlich hoch sein wird

Wachstumsunternehmen entdecken

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Unternehmensanalyse und Finanzdaten Status

DatenZuletzt aktualisiert (UTC-Zeit)
Unternehmensanalyse2026/05/18 16:48
Aktienkurs zum Tagesende2026/05/15 00:00
Gewinne2026/03/31
Jährliche Einnahmen2025/09/30

Datenquellen

Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.

PaketDatenZeitrahmenBeispiel US-Quelle *
Finanzdaten des Unternehmens10 Jahre
  • Gewinn- und Verlustrechnung
  • Kapitalflussrechnung
  • Bilanz
Konsensschätzungen der Analysten+3 Jahre
  • Finanzielle Vorausschau
  • Kursziele der Analysten
Marktpreise30 Jahre
  • Aktienkurse
  • Dividenden, Splits und Aktionen
Eigentümerschaft10 Jahre
  • Top-Aktionäre
  • Insiderhandel
Verwaltung10 Jahre
  • Das Führungsteam
  • Direktorium
Wichtige Entwicklungen10 Jahre
  • Ankündigungen des Unternehmens

* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.

Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.

Analysemodell und Schneeflocke

Einzelheiten zu dem Analysemodell, mit dem dieser Bericht erstellt wurde, finden Sie auf unserer Github-Seite. Außerdem bieten wir Leitfäden zur Verwendung unserer Berichte und Tutorials auf YouTube an.

Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.

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Analysten-Quellen

Daily Journal Corporation wird von 0 Analysten beobachtet. 0 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.