Comet Ridge Ltd
ASX:COI
Intrinsic Value
Comet Ridge Ltd. operates as a coal seam gas exploration and development company. [ Read More ]
The intrinsic value of one COI stock under the Base Case scenario is 0.26 AUD. Compared to the current market price of 0.2 AUD, Comet Ridge Ltd is Undervalued by 23%.
Valuation Backtest
Comet Ridge Ltd
Run backtest to discover the historical profit from buying and selling COI stocks based on their intrinsic value.
Analyze the historical link between intrinsic value and market price to make more informed investment decisions.
Fundamental Analysis
Balance Sheet Decomposition
Comet Ridge Ltd
Current Assets | 9.5m |
Cash & Short-Term Investments | 7.8m |
Receivables | 920k |
Other Current Assets | 811k |
Non-Current Assets | 99.4m |
PP&E | 97.9m |
Other Non-Current Assets | 1.5m |
Current Liabilities | 36.6m |
Accounts Payable | 1.1m |
Other Current Liabilities | 35.5m |
Non-Current Liabilities | 13.2m |
Long-Term Debt | 7.5m |
Other Non-Current Liabilities | 5.7m |
Earnings Waterfall
Comet Ridge Ltd
Revenue
|
179k
AUD
|
Cost of Revenue
|
-1.3m
AUD
|
Gross Profit
|
-1.1m
AUD
|
Operating Expenses
|
-2.5m
AUD
|
Operating Income
|
-3.6m
AUD
|
Other Expenses
|
-5m
AUD
|
Net Income
|
-8.6m
AUD
|
Free Cash Flow Analysis
Comet Ridge Ltd
COI Profitability Score
Profitability Due Diligence
Comet Ridge Ltd's profitability score is 33/100. The higher the profitability score, the more profitable the company is.
Score
Comet Ridge Ltd's profitability score is 33/100. The higher the profitability score, the more profitable the company is.
COI Solvency Score
Solvency Due Diligence
Comet Ridge Ltd's solvency score is 38/100. The higher the solvency score, the more solvent the company is.
Score
Comet Ridge Ltd's solvency score is 38/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
COI Price Targets Summary
Comet Ridge Ltd
According to Wall Street analysts, the average 1-year price target for COI is 0.27 AUD with a low forecast of 0.25 AUD and a high forecast of 0.29 AUD.
Shareholder Return
COI Price
Comet Ridge Ltd
Average Annual Return | -3.15% |
Standard Deviation of Annual Returns | 54.57% |
Max Drawdown | -84% |
Market Capitalization | 203.1m AUD |
Shares Outstanding | 1 107 800 064 |
Percentage of Shares Shorted |
N/A
|
Company Profile
Country
Industry
Market Cap
Dividend Yield
Description
Comet Ridge Ltd. operates as a coal seam gas exploration and development company. The company is headquartered in Brisbane, Queensland. The company went IPO on 2004-04-19. The firm is focused on the development of gas resources for the east coast Australian market. The firm has tenement interests and a suite of prospective projects in Queensland and New South Wales. Its projects include the Mahalo Project, the Mahalo North Project, and the Galilee Project. The Mahalo JV Project is located in the Denison Trough area of Queensland's Bowen Basin near Rolleston and covers an area of approximately 911 square kilometers (km). The Mahalo North Project covers an area of approximately 450 square km and is located directly north and contiguous to the Mahalo Gas Project. The Galilee Project Basin covers an area of approximately 9,685 square km. The Galilee Project has various prospects, including ATP 743, ATP 744 and ATP 1015. The firm's New South Wales Projects are located in the Gunnedah Basin in northern New South Wales and covers an area of approximately 18,000 square km.
Contact
IPO
Employees
Officers
The intrinsic value of one COI stock under the Base Case scenario is 0.26 AUD.
Compared to the current market price of 0.2 AUD, Comet Ridge Ltd is Undervalued by 23%.