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 4,340 - -
Change - 101.91% -35.23% 116.1% 27.57% -36.12% - -
Enterprise Value (EV) 1 4,469 5,903 5,088 8,270 9,578 6,768 7,047 7,363
Change - 32.08% -13.8% 62.55% 15.81% -29.34% 4.12% 4.48%
P/E -7.22x 3.34x 11.6x -24x 16.2x 22.5x 16.2x 19.1x
PBR - - - 2.33x 2.57x 1.63x 1.45x 1.27x
PEG - -0x -0.1x 0x -0x -0.4x 0.4x -1.3x
Capitalization / Revenue 1.02x 1.05x 1.57x 4.25x 3.06x 2.25x 2.34x 2.14x
EV / Revenue 2.41x 1.63x 3.25x 6.6x 4.31x 3.51x 3.8x 3.62x
EV / EBITDA 3.99x 3.07x 5.48x 9.73x 8.88x 6.08x 5.71x 5.16x
EV / EBIT 6.87x 4.14x 15.9x 151x 21.9x 15.5x 14.4x 13.1x
EV / FCF 19.4x 8.86x -9.99x -32.6x -43.6x -8.69x -23.5x 77.8x
FCF Yield 5.16% 11.3% -10% -3.07% -2.29% -11.5% -4.25% 1.29%
Dividend per Share 2 - 0.125 0.5 - - - - 0.03
Rate of return - 0.91% 5.65% - - - - 0.2%
EPS 2 -1.12 4.11 0.76 -0.76 1.43 0.6572 0.912 0.7751
Distribution rate - 3.04% 65.8% - - - - 3.87%
Net sales 1 1,851 3,628 1,565 1,254 2,220 1,930 1,857 2,032
EBITDA 1 1,120 1,924 928.1 850.2 1,079 1,113 1,235 1,428
EBIT 1 650.4 1,426 320.2 54.78 437.6 437.5 489.1 561.2
Net income 1 -259.2 1,125 211.1 -229.7 395.6 180.6 225.5 226.9
Net Debt 1 2,585 2,098 2,624 2,945 2,785 2,428 2,707 3,023
Reference price 2 8.09 13.71 8.85 18.22 23.18 14.78 14.78 14.78
Nbr of stocks (in thousands) 2,32,925 2,77,508 2,78,429 2,92,261 2,93,055 2,93,621 - -
Announcement Date 15/02/22 14/02/23 13/02/24 18/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.49x3.51x6.08x-.--% 433.97Cr
12.97x2.47x5.62x2.47% 17TCr
12.42x3.31x6.34x3.59% 10TCr
8.69x2.66x4.63x2.8% 7.73TCr
9.94x1.48x4.81x1.9% 6.1TCr
7.55x2.58x4.1x1.67% 6.14TCr
9.7x2.67x5.21x2.21% 5.78TCr
12.36x3.7x5.26x2.13% 5.74TCr
12.35x3.45x5.21x5.71% 4.48TCr
12.79x4.11x6.1x1.22% 3.38TCr
Average 12.13x 2.99x 5.34x 2.37% 6.66TCr
Weighted average by Cap. 11.29x 2.82x 5.34x 2.64%

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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