COMSTOCK RESOURCES INC (CRK)

US2057683029 - Common Stock

13.2  +0.12 (+0.92%)

After market: 13.28 +0.08 (+0.61%)

Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to CRK. CRK was compared to 205 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 quite expensive at the moment. It does show a decent growth rate.



2

1. Profitability

1.1 Basic Checks

In the past year CRK has reported negative net income.
CRK had a positive operating cash flow in the past year.
In multiple years CRK reported negative net income over the last 5 years.
Each year in the past 5 years CRK had a positive operating cash flow.

1.2 Ratios

CRK has a worse Return On Assets (-1.01%) than 80.88% of its industry peers.
The Return On Equity of CRK (-2.77%) is worse than 78.43% of its industry peers.
Industry RankSector Rank
ROA -1.01%
ROE -2.77%
ROIC N/A
ROA(3y)5.84%
ROA(5y)3.46%
ROE(3y)12.11%
ROE(5y)7.08%
ROIC(3y)N/A
ROIC(5y)N/A

1.3 Margins

CRK's Operating Margin has declined in the last couple of years.
CRK has a Gross Margin of 53.90%. This is comparable to the rest of the industry: CRK outperforms 59.80% of its industry peers.
In the last couple of years the Gross Margin of CRK has declined.
The Profit Margin and Operating Margin are not available for CRK so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 53.9%
OM growth 3Y-8.67%
OM growth 5Y-19.01%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-7.8%
GM growth 5Y-6.83%

0

2. Health

2.1 Basic Checks

CRK does not have a ROIC to compare to the WACC, probably because it is not profitable.
Compared to 1 year ago, CRK has more shares outstanding
The number of shares outstanding for CRK has been increased compared to 5 years ago.
The debt/assets ratio for CRK is higher compared to a year ago.

2.2 Solvency

Based on the Altman-Z score of 0.86, we must say that CRK is in the distress zone and has some risk of bankruptcy.
CRK has a Altman-Z score of 0.86. This is in the lower half of the industry: CRK underperforms 62.25% of its industry peers.
A Debt/Equity ratio of 1.28 is on the high side and indicates that CRK has dependencies on debt financing.
CRK has a Debt to Equity ratio of 1.28. This is in the lower half of the industry: CRK underperforms 77.45% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF N/A
Altman-Z 0.86
ROIC/WACCN/A
WACC7.7%

2.3 Liquidity

A Current Ratio of 0.60 indicates that CRK may have some problems paying its short term obligations.
CRK has a Current ratio of 0.60. This is amonst the worse of the industry: CRK underperforms 83.33% of its industry peers.
CRK has a Quick Ratio of 0.60. This is a bad value and indicates that CRK is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CRK (0.60) is worse than 77.45% of its industry peers.
Industry RankSector Rank
Current Ratio 0.6
Quick Ratio 0.6

5

3. Growth

3.1 Past

CRK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -121.13%.
CRK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.84% yearly.
The Revenue for CRK has decreased by -49.44% in the past year. This is quite bad
Measured over the past years, CRK shows a very strong growth in Revenue. The Revenue has been growing by 32.02% on average per year.
EPS 1Y (TTM)-121.13%
EPS 3Y18.84%
EPS 5YN/A
EPS Q2Q%-525%
Revenue 1Y (TTM)-49.44%
Revenue growth 3Y22.18%
Revenue growth 5Y32.02%
Sales Q2Q%-19.18%

3.2 Future

CRK is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 71.48% yearly.
The Revenue is expected to grow by 7.84% on average over the next years.
EPS Next Y-177.09%
EPS Next 2Y0.38%
EPS Next 3Y24.86%
EPS Next 5Y71.48%
Revenue Next Year-15.37%
Revenue Next 2Y7.08%
Revenue Next 3Y7.84%
Revenue Next 5YN/A

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.

1

4. Valuation

4.1 Price/Earnings Ratio

CRK reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
A Price/Forward Earnings ratio of 27.87 indicates a quite expensive valuation of CRK.
Based on the Price/Forward Earnings ratio, CRK is valued a bit more expensive than the industry average as 68.63% of the companies are valued more cheaply.
Compared to an average S&P500 Price/Forward Earnings ratio of 23.71, CRK is valued at the same level.
Industry RankSector Rank
PE N/A
Fwd PE 27.87

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, CRK is valued a bit more expensive than the industry average as 63.73% of the companies are valued more cheaply.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 10.26

4.3 Compensation for Growth

CRK's earnings are expected to grow with 24.86% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.38%
EPS Next 3Y24.86%

3

5. Dividend

5.1 Amount

CRK has a Yearly Dividend Yield of 3.82%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 6.44, CRK has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.21, CRK pays a better dividend.
Industry RankSector Rank
Dividend Yield 3.82%

5.2 History

CRK has been paying a dividend for less than 5 years, so it still needs to build a track record.
Dividend Growth(5Y)N/A
Div Incr Years1
Div Non Decr Years1

5.3 Sustainability

CRK has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-54.83%
EPS Next 2Y0.38%
EPS Next 3Y24.86%

COMSTOCK RESOURCES INC

NYSE:CRK (11/8/2024, 8:04:00 PM)

After market: 13.28 +0.08 (+0.61%)

13.2

+0.12 (+0.92%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.86B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield 3.82%
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 27.87
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.01%
ROE -2.77%
ROCE
ROIC
ROICexc
ROICexgc
OM N/A
PM (TTM) N/A
GM 53.9%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.21
Health
Industry RankSector Rank
Debt/Equity 1.28
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.6
Quick Ratio 0.6
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)-121.13%
EPS 3Y18.84%
EPS 5Y
EPS Q2Q%
EPS Next Y-177.09%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-49.44%
Revenue growth 3Y22.18%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y