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 3,918 - -
Change - 101.91% -35.23% 116.1% 27.57% -42.32% - -
Enterprise Value (EV) 1 4,469 5,903 5,088 8,270 9,578 7,262 7,489 7,417
Change - 32.08% -13.8% 62.55% 15.81% -24.18% 3.12% -0.95%
P/E -7.22x 3.34x 11.6x -24x 16.2x 14.7x 11.2x 12.3x
PBR - - - 2.33x 2.57x 1.37x 1.26x 1.14x
PEG - -0x -0.1x 0x -0x -0.4x 0.4x -1.28x
Capitalization / Revenue 1.02x 1.05x 1.57x 4.25x 3.06x 1.95x 1.66x 1.54x
EV / Revenue 2.41x 1.63x 3.25x 6.6x 4.31x 3.62x 3.18x 2.92x
EV / EBITDA 3.99x 3.07x 5.48x 9.73x 8.88x 6.42x 4.91x 4.49x
EV / EBIT 6.87x 4.14x 15.9x 151x 21.9x 15.1x 11.2x 10.4x
EV / FCF 19.4x 8.86x -9.99x -32.6x -43.6x -10.7x -31.7x 42.5x
FCF Yield 5.16% 11.3% -10% -3.07% -2.29% -9.39% -3.16% 2.35%
Dividend per Share 2 - 0.125 0.5 - - - - 0.03
Rate of return - 0.91% 5.65% - - - - 0.22%
EPS 2 -1.12 4.11 0.76 -0.76 1.43 0.9095 1.196 1.08
Distribution rate - 3.04% 65.8% - - - - 2.78%
Net sales 1 1,851 3,628 1,565 1,254 2,220 2,008 2,355 2,542
EBITDA 1 1,120 1,924 928.1 850.2 1,079 1,132 1,526 1,653
EBIT 1 650.4 1,426 320.2 54.78 437.6 479.6 669 714.5
Net income 1 -259.2 1,125 211.1 -229.7 395.6 213.5 348.7 315.2
Net Debt 1 2,585 2,098 2,624 2,945 2,785 3,344 3,571 3,500
Reference price 2 8.09 13.71 8.85 18.22 23.18 13.34 13.34 13.34
Nbr of stocks (in thousands) 232,925 277,508 278,429 292,261 293,055 293,696 - -
Announcement Date 2/15/22 A 2/14/23 A 2/13/24 A 2/18/25 A 2/11/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
14.67x3.62x6.42x-.--% 3.92B
11.15x2.15x5.25x2.95% 140B
11.21x3.12x5.81x4.07% 91.2B
7.91x2.7x4.58x2.95% 74.51B
12.73x3.58x5.26x2.22% 55.01B
7.69x2.57x4.07x1.83% 54.57B
8.83x1.33x4.6x2.19% 52.36B
9.97x2.46x4.7x2.68% 50.55B
11.56x3.19x4.71x6.71% 40.44B
6.08x1.59x3.7x5.19% 32.98B
Average 10.18x 2.63x 4.91x 3.08% 59.53B
Weighted average by Cap. 10.05x 2.54x 4.93x 3.22%

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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