Company Valuation: Comstock Holding Companies, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 25.63 40.36 40.25 42.77 79.9 117.2
Change - 57.48% -0.27% 6.28% 86.8% 46.7%
Enterprise Value (EV) 1 32 37.39 36.44 31.11 57.42 91.29
Change - 16.86% -2.55% -14.62% 84.53% 58.99%
P/E 13.2x 3.25x 4.34x 5.76x 5.73x 7.13x
PBR 5.76x 2.16x 1.4x 1.15x 1.53x 1.68x
PEG - 0x -0.1x -0.3x 0.1x 0.5x
Capitalization / Revenue 0.89x 1.3x 1.02x 0.96x 1.56x 1.86x
EV / Revenue 1.11x 1.2x 0.93x 0.7x 1.12x 1.45x
EV / EBITDA 11.5x 7.25x 4.47x 3.32x 5.42x 7.46x
EV / EBIT 12.5x 7.38x 4.58x 3.4x 5.58x 7.65x
EV / FCF 15.6x 6.12x 6.4x 6.3x 11.1x -34.8x
FCF Yield 6.39% 16.3% 15.6% 15.9% 8.98% -2.87%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.24 1.493 0.9802 0.77 1.41 1.63
Distribution rate - - - - - -
Net sales 1 28.73 31.09 39.31 44.72 51.29 62.86
EBITDA 1 2.793 5.159 8.158 9.376 10.59 12.24
EBIT 1 2.567 5.065 7.952 9.164 10.29 11.93
Net income 1 2.082 13.61 7.347 7.784 14.56 17.05
Net Debt 1 6.374 -2.962 -3.804 -11.66 -22.49 -25.93
Reference price 2 3.17 4.85 4.25 4.43 8.08 11.62
Nbr of stocks (in thousands) 8,084 8,321 9,470 9,652 9,889 10,088
Announcement Date 3/31/21 A 3/31/22 A 3/29/23 A 3/21/24 A 3/21/25 A 3/17/26 A
1USD in Million2USD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 182M
16.39x5.15x13.85x3.09% 46.7B
9x1.53x8x3.95% 31.14B
18.3x4.04x16.3x1.34% 28.1B
5.55x0.68x1.43x9.01% 26.71B
14x3.1x14.84x2.51% 25.6B
11.15x2.12x9.92x3.98% 21.13B
8.15x0.9x3.29x2.74% 20.84B
10.59x1.68x14.51x3.57% 19.32B
13.56x6.56x17.49x1.58% 19.66B
Average 11.85x 2.86x 11.07x 3.53% 23.94B
Weighted average by Cap. 12.30x 3.03x 11.18x 3.56%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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