COMSTOCK RESOURCES INC (CRK)
US2057683029 - Common Stock
Taking everything into account, CRK scores 3 out of 10 in our fundamental rating. CRK was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of CRK have multiple concerns. While showing a medium growth rate, CRK is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year CRK was profitable.
CRK had a positive operating cash flow in the past year.
The reported net income has been mixed in the past 5 years: CRK reported negative net income in multiple years.
In the past 5 years CRK always reported a positive cash flow from operatings.
1.2 Ratios
CRK has a Return On Assets of 3.09%. This is in the lower half of the industry: CRK underperforms 64.76% of its industry peers.
CRK has a Return On Equity of 7.98%. This is in the lower half of the industry: CRK underperforms 62.38% of its industry peers.
With a Return On Invested Capital value of 3.10%, CRK is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
CRK had an Average Return On Invested Capital over the past 3 years of 21.34%. This is significantly below the industry average of 30.77%.
The last Return On Invested Capital (3.10%) for CRK is well below the 3 year average (21.34%), which needs to be investigated, but indicates that CRK had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 7.98% | ||
| ROIC | 3.1% |
ROA(3y)5.84%
ROA(5y)3.46%
ROE(3y)12.11%
ROE(5y)7.08%
ROIC(3y)21.34%
ROIC(5y)14.54%
1.3 Margins
CRK has a Profit Margin (10.27%) which is comparable to the rest of the industry.
Looking at the Operating Margin, with a value of 11.24%, CRK is doing worse than 66.19% of the companies in the same industry.
In the last couple of years the Operating Margin of CRK has declined.
The Gross Margin of CRK (55.96%) is better than 61.90% of its industry peers.
CRK's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 11.24% | ||
| PM (TTM) | 10.27% | ||
| GM | 55.96% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CRK is creating value.
Compared to 1 year ago, CRK has more shares outstanding
CRK has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, CRK has a worse debt to assets ratio.
2.2 Solvency
CRK has an Altman-Z score of 1.04. 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 1.04 is in line compared to the rest of the industry. CRK outperforms 41.43% of its industry peers.
CRK has a Debt/Equity ratio of 1.10. This is a high value indicating a heavy dependency on external financing.
CRK has a worse Debt to Equity ratio (1.10) than 74.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 1.04 |
ROIC/WACC0.42
WACC7.46%
2.3 Liquidity
A Current Ratio of 0.64 indicates that CRK may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.64, CRK is doing worse than 80.48% of the companies in the same industry.
A Quick Ratio of 0.64 indicates that CRK may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.64, CRK is doing worse than 73.81% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 |
3. Growth
3.1 Past
CRK shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -96.91%.
CRK shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 18.84% yearly.
Looking at the last year, CRK shows a very negative growth in Revenue. The Revenue has decreased by -53.84% in the last year.
The Revenue has been growing by 32.02% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-96.91%
EPS 3Y18.84%
EPS 5YN/A
EPS Q2Q%-109.09%
Revenue 1Y (TTM)-53.84%
Revenue growth 3Y22.18%
Revenue growth 5Y32.02%
Sales Q2Q%-31.42%
3.2 Future
The Earnings Per Share is expected to grow by 71.48% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 8.38% on average over the next years. This is quite good.
EPS Next Y-120.49%
EPS Next 2Y40.85%
EPS Next 3Y46.01%
EPS Next 5Y71.48%
Revenue Next Year-8.82%
Revenue Next 2Y11.29%
Revenue Next 3Y8.38%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
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.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 94.55 indicates a quite expensive valuation of CRK.
CRK's Price/Earnings ratio is a bit more expensive when compared to the industry. CRK is more expensive than 76.67% of the companies in the same industry.
CRK's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.41.
With a Price/Forward Earnings ratio of 11.15, the valuation of CRK can be described as very reasonable.
CRK's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.59, CRK is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.55 | ||
| Fwd PE | 11.15 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CRK is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 6.41 |
4.3 Compensation for Growth
CRK's earnings are expected to grow with 46.01% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y40.85%
EPS Next 3Y46.01%
5. Dividend
5.1 Amount
CRK has a Yearly Dividend Yield of 4.90%, which is a nice return.
CRK's Dividend Yield is a higher than the industry average which is at 5.93.
CRK's Dividend Yield is rather good when compared to the S&P500 average which is at 2.30.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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 Years1
Div Non Decr Years1
5.3 Sustainability
CRK pays out 53.42% of its income as dividend. This is a bit on the high side, but may be sustainable.
DP53.42%
EPS Next 2Y40.85%
EPS Next 3Y46.01%
COMSTOCK RESOURCES INC
NYSE:CRK (7/26/2024, 7:23:33 PM)
After market: 10.07 -0.33 (-3.17%)10.4
+0.35 (+3.48%)
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 Cap3.04B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.9% |
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 94.55 | ||
| Fwd PE | 11.15 | ||
| 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 Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.09% | ||
| ROE | 7.98% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 11.24% | ||
| PM (TTM) | 10.27% | ||
| GM | 55.96% | ||
| 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 Turnover0.3
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.1 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.64 | ||
| Quick Ratio | 0.64 | ||
| 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)-96.91%
EPS 3Y18.84%
EPS 5Y
EPS Q2Q%
EPS Next Y-120.49%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-53.84%
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