I think the challenge for both SHJ and SGH is to work out what the "true" earnings are not just the accounting earnings. Revenue recognition policies and the value of work in progress both have a large impact on the financial statements.
Buffett talks about Free Cash Flow being the best measure of earnings. In both of these legal stocks there is a big gap between FCF and EBIT with FCF being much lower than EBIT. IMHO the market is struggling to reconcile the various measures of profit.
The intrinsic value from FCF is much lower than the intrinsic if you use EBIT.
Just my thoughts.
I think the challenge for both SHJ and SGH is to work out what...
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Last
70.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $118.8M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 69.5¢ | $31.27K | 44.67K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 33701 | 69.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 2409 | 2 |
View Market Depth
| Last trade - 10.20am 17/09/2025 (20 minute delay) ? |
| SHJ (ASX) Chart |