Daily Journal stock: fair value
DJCOThe fair value of Daily Journal under our model is $304.98, the price is 117% above.
The fair value is an estimate from our model, not a price target.
Daily figure as of 13 Nov 2026
Valuation signal
Significantly overvaluedIn our model the price counts as cheap below $217.84 and expensive above $508.30 (uncertainty high, based on the price swings of the past year).
Calculated with a cost of equity of 9.7%. At 10.7% the fair value would be $258.04, at 8.7% it would be $371.56.
Where the number comes from
From the cash-flow model alone; without earnings there is no industry value.
Ten-year cash-flow model from smoothed free cash flow and its past growth until it reaches 3.8%. Discounted at 9.7% (government bond yield 3.8% plus beta 1.3 times a risk premium of 4.5%); no analyst estimates were available.
Calculate with your own assumptionsThe calculation step by step
With these figures the cash flow model arrives at $304.98 per share: free cash flow for the next ten years, each year discounted to today at 9.7%, plus the terminal value for the years after. The table explains the calculation; it is not a recommendation.
Calculation as a table
| Year | Free cash flow | Source | Discount factor | Present value (discounted at 9.7%) |
|---|---|---|---|---|
| 2026 | $16.64M | extrapolated at 25.2% | 0.9120 | $15.17M |
| 2027 | $19.77M | extrapolated at 18.8% | 0.8317 | $16.44M |
| 2028 | $22.6M | extrapolated at 14.3% | 0.7585 | $17.14M |
| 2029 | $25.13M | extrapolated at 11.2% | 0.6918 | $17.38M |
| 2030 | $27.38M | extrapolated at 9.0% | 0.6309 | $17.27M |
| 2031 | $29.42M | extrapolated at 7.4% | 0.5754 | $16.92M |
| 2032 | $31.28M | extrapolated at 6.4% | 0.5247 | $16.42M |
| 2033 | $33.03M | extrapolated at 5.6% | 0.4786 | $15.81M |
| 2034 | $34.71M | extrapolated at 5.1% | 0.4364 | $15.15M |
| 2035 | $36.33M | extrapolated at 4.7% | 0.3980 | $14.46M |
| Step | Value |
|---|---|
| Sum of present values (ten years) | $162.18M |
| Terminal value: cash flow 2035 × (1 + 3.8%) / (9.7% − 3.8%) | $648.21M |
| Present value of terminal value (× 0.3980) | $258.01M |
| Equity value (sum plus present value of terminal value) | $420.18M |
| Shares (diluted) | 1.38M |
| Value per share (equity value divided by shares) | $304.98 |
| Fair value (from the cash flow model alone) | $304.98 |
The model uses free cash flow after interest, which belongs to shareholders, discounted at the cost of equity. Net debt is therefore not deducted again.
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 30 Sep 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Neutral, published since 7 Nov 2026 (in the score history since 27 Oct 2026)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.