COMSTOCK RESOURCES INC (CRK) Stock Fundamental Analysis
USA - NYSE:CRK - US2057683029 - Common Stock
17 USD
-0.73 (-4.12%)
17.3454 USD
+0.35 (+2.03%)
We assign a fundamental rating of 3 out of 10 to CRK. CRK was compared to 211 industry peers in the Oil, Gas & Consumable Fuels industry. CRK has a bad profitability rating. Also its financial health evaluation is rather negative. CRK is valued quite expensively, but it does show have an excellent growth rating.
1. Profitability
1.1 Basic Checks
In the past year CRK was profitable.
CRK had a positive operating cash flow in the past year.
In multiple years CRK reported negative net income over the last 5 years.
In the past 5 years CRK always reported a positive cash flow from operatings.
1.2 Ratios
CRK's Return On Assets of -1.25% is on the low side compared to the rest of the industry. CRK is outperformed by 71.56% of its industry peers.
The Return On Equity of CRK (-3.72%) is worse than 69.67% of its industry peers.
The Return On Invested Capital of CRK (2.19%) is worse than 68.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.25% | ||
| ROE | -3.72% | ||
| ROIC | 2.19% |
ROA(3y)6.49%
ROA(5y)2.42%
ROE(3y)15.97%
ROE(5y)4.06%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
The Operating Margin of CRK (9.16%) is worse than 61.61% of its industry peers.
CRK's Gross Margin of 56.59% is fine compared to the rest of the industry. CRK outperforms 65.88% of its industry peers.
CRK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.16% | ||
| PM (TTM) | N/A | ||
| GM | 56.59% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.34%
GM growth 5Y-6.76%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CRK is destroying value.
The number of shares outstanding for CRK has been increased compared to 1 year ago.
CRK has more shares outstanding than it did 5 years ago.
CRK has a worse debt/assets ratio than last year.
2.2 Solvency
CRK has an Altman-Z score of 1.06. This is a bad value and indicates that CRK is not financially healthy and even has some risk of bankruptcy.
CRK's Altman-Z score of 1.06 is in line compared to the rest of the industry. CRK outperforms 45.02% of its industry peers.
A Debt/Equity ratio of 1.35 is on the high side and indicates that CRK has dependencies on debt financing.
CRK's Debt to Equity ratio of 1.35 is on the low side compared to the rest of the industry. CRK is outperformed by 72.99% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.06 |
ROIC/WACC0.25
WACC8.77%
2.3 Liquidity
CRK has a Current Ratio of 0.36. This is a bad value and indicates that CRK is not financially healthy enough and could expect problems in meeting its short term obligations.
CRK's Current ratio of 0.36 is on the low side compared to the rest of the industry. CRK is outperformed by 91.00% of its industry peers.
CRK has a Quick Ratio of 0.36. This is a bad value and indicates that CRK is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.36, CRK is doing worse than 90.52% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
CRK shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 433.33%, which is quite impressive.
CRK shows a strong growth in Revenue. In the last year, the Revenue has grown by 20.74%.
Measured over the past years, CRK shows a quite strong growth in Revenue. The Revenue has been growing by 10.28% on average per year.
EPS 1Y (TTM)433.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%165%
Revenue 1Y (TTM)20.74%
Revenue growth 3Y-12.18%
Revenue growth 5Y10.28%
Sales Q2Q%90.52%
3.2 Future
CRK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 105.48% yearly.
The Revenue is expected to grow by 21.08% on average over the next years. This is a very strong growth
EPS Next Y344.79%
EPS Next 2Y167%
EPS Next 3Y99.9%
EPS Next 5Y105.48%
Revenue Next Year49.92%
Revenue Next 2Y31.48%
Revenue Next 3Y21.08%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 56.67, which means the current valuation is very expensive for CRK.
Based on the Price/Earnings ratio, CRK is valued a bit more expensive than the industry average as 66.82% of the companies are valued more cheaply.
CRK's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 27.40.
A Price/Forward Earnings ratio of 13.81 indicates a correct valuation of CRK.
CRK's Price/Forward Earnings ratio is in line with the industry average.
CRK is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.67 | ||
| Fwd PE | 13.81 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CRK.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 8.98 |
4.3 Compensation for Growth
CRK's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CRK's earnings are expected to grow with 99.89% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.16
PEG (5Y)N/A
EPS Next 2Y167%
EPS Next 3Y99.9%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.74%, CRK is a good candidate for dividend investing.
The stock price of CRK dropped by -26.60% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
Compared to an average industry Dividend Yield of 6.28, CRK pays a bit more dividend than its industry peers.
CRK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
5.2 History
CRK has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DP0%
EPS Next 2Y167%
EPS Next 3Y99.9%
17
-0.73 (-4.12%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners30.91%
Inst Owner Change0.02%
Ins Owners2.22%
Ins Owner Change0.07%
Market Cap4.98B
Analysts55.65
Price Target19.35 (13.82%)
Short Float %24.94%
Short Ratio6.76
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)25.14%
Min EPS beat(2)14.38%
Max EPS beat(2)35.9%
EPS beat(4)3
Avg EPS beat(4)149.1%
Min EPS beat(4)-5.01%
Max EPS beat(4)551.11%
EPS beat(8)4
Avg EPS beat(8)74.36%
EPS beat(12)5
Avg EPS beat(12)42.76%
EPS beat(16)7
Avg EPS beat(16)30.9%
Revenue beat(2)2
Avg Revenue beat(2)15.58%
Min Revenue beat(2)10.97%
Max Revenue beat(2)20.2%
Revenue beat(4)2
Avg Revenue beat(4)5.47%
Min Revenue beat(4)-6.71%
Max Revenue beat(4)20.2%
Revenue beat(8)4
Avg Revenue beat(8)1.55%
Revenue beat(12)7
Avg Revenue beat(12)8.01%
Revenue beat(16)11
Avg Revenue beat(16)21.48%
PT rev (1m)-3.07%
PT rev (3m)-13.26%
EPS NQ rev (1m)-13.91%
EPS NQ rev (3m)-51.17%
EPS NY rev (1m)-9%
EPS NY rev (3m)-19.72%
Revenue NQ rev (1m)-1.74%
Revenue NQ rev (3m)-6.64%
Revenue NY rev (1m)-0.72%
Revenue NY rev (3m)3.59%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 56.67 | ||
| Fwd PE | 13.81 | ||
| P/S | 3.01 | ||
| P/FCF | N/A | ||
| P/OCF | 5.61 | ||
| P/B | 2.22 | ||
| P/tB | 2.61 | ||
| EV/EBITDA | 8.98 |
EPS(TTM)0.3
EY1.76%
EPS(NY)1.23
Fwd EY7.24%
FCF(TTM)-0.9
FCFYN/A
OCF(TTM)3.03
OCFY17.81%
SpS5.64
BVpS7.66
TBVpS6.51
PEG (NY)0.16
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -1.25% | ||
| ROE | -3.72% | ||
| ROCE | 2.55% | ||
| ROIC | 2.19% | ||
| ROICexc | 2.19% | ||
| ROICexgc | 2.33% | ||
| OM | 9.16% | ||
| PM (TTM) | N/A | ||
| GM | 56.59% | ||
| FCFM | N/A |
ROA(3y)6.49%
ROA(5y)2.42%
ROE(3y)15.97%
ROE(5y)4.06%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-14.34%
GM growth 5Y-6.76%
F-Score5
Asset Turnover0.25
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.35 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 3.4 | ||
| Cap/Depr | 156.31% | ||
| Cap/Sales | 69.62% | ||
| Interest Coverage | 0.74 | ||
| Cash Conversion | 99.92% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.36 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.06 |
F-Score5
WACC8.77%
ROIC/WACC0.25
Cap/Depr(3y)196.86%
Cap/Depr(5y)171.92%
Cap/Sales(3y)69.34%
Cap/Sales(5y)60.93%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)433.33%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%165%
EPS Next Y344.79%
EPS Next 2Y167%
EPS Next 3Y99.9%
EPS Next 5Y105.48%
Revenue 1Y (TTM)20.74%
Revenue growth 3Y-12.18%
Revenue growth 5Y10.28%
Sales Q2Q%90.52%
Revenue Next Year49.92%
Revenue Next 2Y31.48%
Revenue Next 3Y21.08%
Revenue Next 5YN/A
EBIT growth 1Y2175.99%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2207.22%
EBIT Next 3Y219.52%
EBIT Next 5Y141.97%
FCF growth 1Y-160.83%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-48.71%
OCF growth 3Y-10.28%
OCF growth 5Y6.57%