COMSTOCK RESOURCES INC (CRK) Stock Fundamental Analysis
NYSE:CRK - New York Stock Exchange, Inc. - US2057683029 - Common Stock - Currency: USD
Taking everything into account, CRK scores 2 out of 10 in our fundamental rating. CRK was compared to 212 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of CRK have multiple concerns. CRK is valied quite expensively at the moment, while it does show a decent growth rate.
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
With a Return On Assets value of -3.60%, CRK is not doing good in the industry: 77.36% of the companies in the same industry are doing better.
CRK has a worse Return On Equity (-10.25%) than 76.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.6% | ||
| ROE | -10.25% | ||
| ROIC | 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
1.3 Margins
CRK has a Gross Margin (53.25%) which is in line with its industry peers.
CRK's Gross Margin has declined in the last couple of years.
The Profit Margin and Operating Margin are not available for CRK so they could not be analyzed.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 53.25% |
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
CRK does not have a ROIC to compare to the WACC, probably because it is not profitable.
CRK has more shares outstanding than it did 1 year ago.
CRK has more shares outstanding than it did 5 years ago.
The debt/assets ratio for CRK is higher compared to a year ago.
2.2 Solvency
CRK has an Altman-Z score of 0.99. This is a bad value and indicates that CRK is not financially healthy and even has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 0.99, CRK is in line with its industry, outperforming 43.40% of the companies in the same industry.
A Debt/Equity ratio of 1.32 is on the high side and indicates that CRK has dependencies on debt financing.
With a Debt to Equity ratio value of 1.32, CRK is not doing good in the industry: 74.53% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 0.99 |
ROIC/WACCN/A
WACC10.57%
2.3 Liquidity
CRK has a Current Ratio of 0.46. 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 has a Current ratio of 0.46. This is amonst the worse of the industry: CRK underperforms 87.26% of its industry peers.
A Quick Ratio of 0.46 indicates that CRK may have some problems paying its short term obligations.
The Quick ratio of CRK (0.46) is worse than 83.49% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 |
3. Growth
3.1 Past
The earnings per share for CRK have decreased strongly by -151.06% in the last year.
The Revenue for CRK has decreased by -38.99% in the past year. This is quite bad
The Revenue has been growing by 10.28% on average over the past years. This is quite good.
EPS 1Y (TTM)-151.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60%
Revenue 1Y (TTM)-38.99%
Revenue growth 3Y-12.18%
Revenue growth 5Y10.28%
Sales Q2Q%-10.74%
3.2 Future
Based on estimates for the next years, CRK will show a very strong growth in Earnings Per Share. The EPS will grow by 105.48% on average per year.
CRK is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 19.09% yearly.
EPS Next Y429.43%
EPS Next 2Y165.48%
EPS Next 3Y95.1%
EPS Next 5Y105.48%
Revenue Next Year40.62%
Revenue Next 2Y28.89%
Revenue Next 3Y19.09%
Revenue Next 5YN/A
3.3 Evolution
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for CRK. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 23.56 indicates a rather expensive valuation of CRK.
The rest of the industry has a similar Price/Forward Earnings ratio as CRK.
When comparing the Price/Forward Earnings ratio of CRK to the average of the S&P500 Index (21.38), we can say CRK is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 23.56 |
4.2 Price Multiples
64.62% of the companies in the same industry are cheaper than CRK, based on the Enterprise Value to EBITDA ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 13.31 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CRK's earnings are expected to grow with 95.10% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y165.48%
EPS Next 3Y95.1%
5. Dividend
5.1 Amount
CRK has a Yearly Dividend Yield of 4.74%, which is a nice return.
Compared to an average industry Dividend Yield of 7.32, CRK has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.46, CRK pays a better dividend.
| 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 Years1
Div Non Decr Years1
5.3 Sustainability
DP0%
EPS Next 2Y165.48%
EPS Next 3Y95.1%
18.63
+0.24 (+1.31%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners31.75%
Inst Owner Change-0.25%
Ins Owners2.2%
Ins Owner Change0.16%
Market Cap5.46B
Analysts53.91
Price Target18.97 (1.83%)
Short Float %28.62%
Short Ratio8.67
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.74% |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)273.05%
Min EPS beat(2)-5.01%
Max EPS beat(2)551.11%
EPS beat(4)2
Avg EPS beat(4)145.52%
Min EPS beat(4)-22.17%
Max EPS beat(4)551.11%
EPS beat(8)2
Avg EPS beat(8)54.9%
EPS beat(12)5
Avg EPS beat(12)39.06%
EPS beat(16)7
Avg EPS beat(16)35.23%
Revenue beat(2)0
Avg Revenue beat(2)-4.64%
Min Revenue beat(2)-6.71%
Max Revenue beat(2)-2.58%
Revenue beat(4)0
Avg Revenue beat(4)-7.63%
Min Revenue beat(4)-17.72%
Max Revenue beat(4)-2.58%
Revenue beat(8)3
Avg Revenue beat(8)-3.12%
Revenue beat(12)7
Avg Revenue beat(12)21.73%
Revenue beat(16)11
Avg Revenue beat(16)20.91%
PT rev (1m)8.5%
PT rev (3m)61.15%
EPS NQ rev (1m)6.96%
EPS NQ rev (3m)75.95%
EPS NY rev (1m)20.52%
EPS NY rev (3m)87%
Revenue NQ rev (1m)2.08%
Revenue NQ rev (3m)2.79%
Revenue NY rev (1m)4.73%
Revenue NY rev (3m)3.95%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 23.56 | ||
| P/S | 4.35 | ||
| P/FCF | N/A | ||
| P/OCF | 8.8 | ||
| P/B | 2.44 | ||
| P/tB | 2.86 | ||
| EV/EBITDA | 13.31 |
EPS(TTM)-0.24
EYN/A
EPS(NY)0.79
Fwd EY4.24%
FCF(TTM)-1.63
FCFYN/A
OCF(TTM)2.12
OCFY11.37%
SpS4.28
BVpS7.65
TBVpS6.5
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.6% | ||
| ROE | -10.25% | ||
| ROCE | N/A | ||
| ROIC | N/A | ||
| ROICexc | N/A | ||
| ROICexgc | N/A | ||
| OM | N/A | ||
| PM (TTM) | N/A | ||
| GM | 53.25% | ||
| 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-Score2
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.32 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 4.72 | ||
| Cap/Depr | 137.98% | ||
| Cap/Sales | 87.55% | ||
| Interest Coverage | N/A | ||
| Cash Conversion | 99.11% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.46 | ||
| Quick Ratio | 0.46 | ||
| Altman-Z | 0.99 |
F-Score2
WACC10.57%
ROIC/WACCN/A
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)-151.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%60%
EPS Next Y429.43%
EPS Next 2Y165.48%
EPS Next 3Y95.1%
EPS Next 5Y105.48%
Revenue 1Y (TTM)-38.99%
Revenue growth 3Y-12.18%
Revenue growth 5Y10.28%
Sales Q2Q%-10.74%
Revenue Next Year40.62%
Revenue Next 2Y28.89%
Revenue Next 3Y19.09%
Revenue Next 5YN/A
EBIT growth 1Y-145.65%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year2488.8%
EBIT Next 3Y217.99%
EBIT Next 5Y136.94%
FCF growth 1Y-16.88%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-38.99%
OCF growth 3Y-10.28%
OCF growth 5Y6.57%