Company Valuation: Comstock Resources, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,884 3,805 2,464 5,325 6,793 4,175 - -
Change - 101.91% -35.23% 116.1% 27.57% -38.54% - -
Enterprise Value (EV) 1 4,469 5,903 5,088 8,270 9,578 7,577 7,803 7,765
Change - 32.08% -13.8% 62.55% 15.81% -20.89% 2.99% -0.49%
P/E -7.22x 3.34x 11.6x -24x 16.2x 21.8x 12.6x 14.7x
PBR - - - 2.33x 2.57x 1.57x 1.46x 1.32x
PEG - -0x -0.1x 0x -0x -0.4x 0.2x -1.1x
Capitalization / Revenue 1.02x 1.05x 1.57x 4.25x 3.06x 2.17x 1.89x 1.74x
EV / Revenue 2.41x 1.63x 3.25x 6.6x 4.31x 3.93x 3.53x 3.23x
EV / EBITDA 3.99x 3.07x 5.48x 9.73x 8.88x 6.81x 5.19x 4.58x
EV / EBIT 6.87x 4.14x 15.9x 151x 21.9x 17x 12x 11.2x
EV / FCF 19.4x 8.86x -9.99x -32.6x -43.6x -10x -24.9x 82x
FCF Yield 5.16% 11.3% -10% -3.07% -2.29% -9.99% -4.02% 1.22%
Dividend per Share 2 - 0.125 0.5 - - - - 0.03
Rate of return - 0.91% 5.65% - - - - 0.21%
EPS 2 -1.12 4.11 0.76 -0.76 1.43 0.6527 1.125 0.9701
Distribution rate - 3.04% 65.8% - - - - 3.09%
Net sales 1 1,851 3,628 1,565 1,254 2,220 1,928 2,212 2,404
EBITDA 1 1,120 1,924 928.1 850.2 1,079 1,112 1,504 1,694
EBIT 1 650.4 1,426 320.2 54.78 437.6 446.3 651.3 695.6
Net income 1 -259.2 1,125 211.1 -229.7 395.6 180.5 264.5 283.5
Net Debt 1 2,585 2,098 2,624 2,945 2,785 3,402 3,628 3,590
Reference price 2 8.09 13.71 8.85 18.22 23.18 14.22 14.22 14.22
Nbr of stocks (in thousands) 232,925 277,508 278,429 292,261 293,055 293,621 - -
Announcement Date 2/15/22 2/14/23 2/13/24 2/18/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.79x3.93x6.81x-.--% 4.18B
12.81x2.41x5.55x2.52% 162B
12.8x3.37x6.43x3.52% 106B
9.15x2.77x4.85x2.7% 80.28B
7.85x2.57x4.08x1.7% 61.28B
10.08x1.46x4.8x1.92% 60.8B
11.46x3.78x5.34x2.07% 59.01B
9.96x2.62x5.1x2.31% 56.46B
13.36x3.54x5.34x5.4% 46.03B
6.29x1.6x3.94x5.26% 35.77B
Average 11.55x 2.80x 5.22x 2.74% 67.18B
Weighted average by Cap. 11.06x 2.71x 5.25x 2.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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