Daily Journal Corporation (DJCO) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-13.5%

$535.93

vs $619.68 price

Levered DCF

$98.59

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

6.4

Safe zone

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
P/E	5.71×	8.64×	18.87×	-4.68×	3.92×	82.59×	-13.56×	43.38×
P/B	1.64×	2.42×	2.02×	1.98×	1.74×	2.36×	2.48×	2.18×
P/S	7.31×	9.65×	5.98×	6.55×	8.86×	6.69×	7.03×	8.74×
EV / EBITDA	4.24×	6.42×	14.06×	175.99×	176.04×	-445.88×	-12.18×	-54.66×
Gross margin	36.7%	20.3%	23.6%	15.5%	14.4%	10.8%	12.8%	2.3%
Operating margin	12.9%	5.8%	9.8%	3.7%	4.3%	-2.6%	-9.9%	-34.5%
Net margin	127.9%	111.7%	31.7%	-140.0%	226.1%	8.1%	-51.8%	20.1%
Current ratio	13.89×	10.26×	8.19×	9.2×	10.95×	7.73×	6.94×	8.34×
Debt / equity	0.06×	0.1×	0.38×	0.43×	0.13×	0.22×	0.23×	0.19×
Interest coverage	8.18×	1.32×	1.54×	1.79×	6.58×	-2.32×	-5.05×	-18.85×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Return on equity	28.7%	28.0%	10.7%	-42.2%	44.3%	2.9%	-18.3%	5.0%
Return on invested capital	1.7%	0.8%	1.6%	0.5%	0.5%	-0.6%	-1.9%	4.3%
Return on assets	20.5%	19.3%	6.0%	-23.7%	29.5%	1.7%	-10.6%	3.1%
Free cash flow yield	2.1%	-0.0%	3.7%	-1.5%	0.7%	0.6%	0.4%	-0.6%
Earnings yield	17.5%	11.6%	5.3%	-21.4%	25.5%	1.2%	-7.4%	2.3%
Enterprise value	$643.1M	$690.5M	$460.1M	$416.7M	$463.3M	$338.4M	$364.5M	$378M
Net debt / EBITDA	0.02×	0.15×	1.69×	26.61×	7.97×	-5.64×	-0.76×	-3.2×
Cash conversion cycle (days)	41	61	54	81	34	22	15	20