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Comet Ridge

ASX:COI
Snowflake Description

Flawless balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
COI
ASX
A$218M
Market Cap
  1. Home
  2. AU
  3. Energy
Company description

Comet Ridge Limited, together with its subsidiaries, engages in the exploration and appraisal of coal seam gas and sandstone reserves in Eastern Australia. The last earnings update was 43 days ago. More info.


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COI Share Price and Events
7 Day Returns
1.7%
ASX:COI
3.4%
AU Oil and Gas
0.5%
AU Market
1 Year Returns
11.1%
ASX:COI
5.7%
AU Oil and Gas
4.9%
AU Market
COI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Comet Ridge (COI) 1.7% -1.6% -7.7% 11.1% 361.5% 76.5%
AU Oil and Gas 3.4% 0.7% 9.8% 5.7% 34.8% -30.3%
AU Market 0.5% 1.9% 8% 4.9% 19.5% 6.3%
1 Year Return vs Industry and Market
  • COI outperformed the Oil and Gas industry which returned 5.7% over the past year.
  • COI outperformed the Market in Australia which returned 4.9% over the past year.
Price Volatility
COI
Industry
5yr Volatility vs Market

COI Value

 Is Comet Ridge undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Comet Ridge. This is due to cash flow or dividend data being unavailable. The share price is A$0.3.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Comet Ridge's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Comet Ridge's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:COI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$0.00
ASX:COI Share Price ** ASX (2019-04-24) in AUD A$0.3
Australia Oil and Gas Industry PE Ratio Median Figure of 23 Publicly-Listed Oil and Gas Companies 8.09x
Australia Market PE Ratio Median Figure of 544 Publicly-Listed Companies 16.19x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Comet Ridge.

ASX:COI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:COI Share Price ÷ EPS (both in AUD)

= 0.3 ÷ 0.00

-65.43x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comet Ridge is loss making, we can't compare its value to the AU Oil and Gas industry average.
  • Comet Ridge is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Comet Ridge's expected growth come at a high price?
Raw Data
ASX:COI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -65.43x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
113.5%per year
Australia Oil and Gas Industry PEG Ratio Median Figure of 17 Publicly-Listed Oil and Gas Companies 0.24x
Australia Market PEG Ratio Median Figure of 359 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Comet Ridge, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Comet Ridge's assets?
Raw Data
ASX:COI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.08
ASX:COI Share Price * ASX (2019-04-24) in AUD A$0.3
Australia Oil and Gas Industry PB Ratio Median Figure of 145 Publicly-Listed Oil and Gas Companies 1.3x
Australia Market PB Ratio Median Figure of 1,676 Publicly-Listed Companies 1.68x
ASX:COI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:COI Share Price ÷ Book Value per Share (both in AUD)

= 0.3 ÷ 0.08

3.81x

* Primary Listing of Comet Ridge.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Comet Ridge is overvalued based on assets compared to the AU Oil and Gas industry average.
X
Value checks
We assess Comet Ridge's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Comet Ridge has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

COI Future Performance

 How is Comet Ridge expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
113.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Comet Ridge expected to grow at an attractive rate?
  • Comet Ridge's earnings growth is expected to exceed the low risk savings rate of 2.3%.
Growth vs Market Checks
  • Comet Ridge's earnings growth is expected to exceed the Australia market average.
  • Unable to compare Comet Ridge's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:COI Future Growth Rates Data Sources
Data Point Source Value (per year)
ASX:COI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 113.5%
Australia Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
Australia Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.7%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:COI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:COI Future Estimates Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-06-30 26 16 13 1
2020-06-30 3 -1 -3 2
2019-06-30 0 -2 -2 2
ASX:COI Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 -1 -3
2018-09-30 -1 -3
2018-06-30 -2 -2
2018-03-31 -2 -3
2017-12-31 -2 -3
2017-09-30 -2 -3
2017-06-30 -1 -4
2017-03-31 0 -1 -4
2016-12-31 0 -2 -4
2016-09-30 0 -2 -4
2016-06-30 0 -2 -4
2016-03-31 0 -1 -11

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Comet Ridge's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Comet Ridge is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:COI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Comet Ridge Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:COI Future Estimates Data
Date (Data in AUD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-06-30
2020-06-30 0.00 0.00 0.00 1.00
2019-06-30 0.00 0.00 0.00 1.00
ASX:COI Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 0.00
2018-09-30 0.00
2018-06-30 0.00
2018-03-31 0.00
2017-12-31 -0.01
2017-09-30 -0.01
2017-06-30 -0.01
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Comet Ridge is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Comet Ridge's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Comet Ridge has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

COI Past Performance

  How has Comet Ridge performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Comet Ridge's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Comet Ridge does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare Comet Ridge's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Comet Ridge's 1-year growth to the AU Oil and Gas industry average as it is not currently profitable.
Earnings and Revenue History
Comet Ridge's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Comet Ridge Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:COI Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 -3.34 2.40
2018-09-30 -2.78 2.28
2018-06-30 -2.22 2.16
2018-03-31 -2.79 1.75
2017-12-31 -3.36 1.35
2017-09-30 -3.49 1.29
2017-06-30 -3.62 1.23
2017-03-31 0.00 -3.80 1.48
2016-12-31 0.00 -3.98 1.73
2016-09-30 0.02 -3.85 1.60
2016-06-30 0.04 -3.71 1.47
2016-03-31 0.06 -11.37 1.49
2015-12-31 0.09 -19.03 1.52
2015-09-30 0.07 -18.80 1.81
2015-06-30 0.05 -18.57 2.10
2015-03-31 0.03 -14.66 2.10
2014-12-31 0.00 -10.76 2.10
2014-09-30 0.00 -12.18 2.13
2014-06-30 -13.60 2.16
2014-03-31 0.00 -11.21 2.44
2013-12-31 0.00 -8.81 2.72
2013-09-30 0.00 -7.90 2.72
2013-06-30 -6.99 2.72
2013-03-31 -0.07 -4.74 2.38
2012-12-31 -0.13 -2.49 2.04
2012-09-30 3.06 0.60 1.98
2012-06-30 6.25 3.68 1.92

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Comet Ridge has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Comet Ridge has efficiently used its assets last year compared to the AU Oil and Gas industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Comet Ridge improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Comet Ridge's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Comet Ridge has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

COI Health

 How is Comet Ridge's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Comet Ridge's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Comet Ridge is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Comet Ridge's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Comet Ridge's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Comet Ridge has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Comet Ridge Company Filings, last reported 3 months ago.

ASX:COI Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 57.38 0.00 23.28
2018-09-30 57.38 0.00 23.28
2018-06-30 43.52 0.00 11.55
2018-03-31 43.52 0.00 11.55
2017-12-31 43.48 0.00 13.84
2017-09-30 43.48 0.00 13.84
2017-06-30 32.79 0.00 6.04
2017-03-31 32.79 0.00 6.04
2016-12-31 29.40 0.00 2.55
2016-09-30 29.40 0.00 2.55
2016-06-30 29.03 0.00 1.63
2016-03-31 29.03 0.00 1.63
2015-12-31 30.83 0.00 3.22
2015-09-30 30.83 0.00 3.22
2015-06-30 32.72 0.00 5.83
2015-03-31 32.72 0.00 5.83
2014-12-31 50.02 0.00 7.65
2014-09-30 50.02 0.00 7.65
2014-06-30 42.75 0.00 4.81
2014-03-31 42.75 0.00 4.81
2013-12-31 52.40 0.00 7.19
2013-09-30 52.40 0.00 7.19
2013-06-30 47.12 0.00 4.46
2013-03-31 47.12 0.00 4.46
2012-12-31 50.45 0.00 9.62
2012-09-30 50.45 0.00 9.62
2012-06-30 44.64 0.00 6.08
  • Comet Ridge has no debt.
  • Comet Ridge has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Comet Ridge has sufficient cash runway for more than 3 years based on current free cash flow.
  • Comet Ridge has sufficient cash runway for 2.7 years if free cash flow continues to grow at historical rates of 25.4% each year.
X
Financial health checks
We assess Comet Ridge's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Comet Ridge has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

COI Dividends

 What is Comet Ridge's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Comet Ridge dividends.
If you bought A$2,000 of Comet Ridge shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Comet Ridge's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Comet Ridge's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:COI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Australia Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 13 Stocks 4.5%
Australia Market Average Dividend Yield Market Cap Weighted Average of 417 Stocks 4.3%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.5%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

ASX:COI Future Dividends Estimate Data
Date (Data in A$) Dividend per Share (annual) Avg. No. Analysts
2021-06-30
2020-06-30
2019-06-30

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Comet Ridge has not reported any payouts.
  • Unable to verify if Comet Ridge's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Comet Ridge's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Comet Ridge has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Comet Ridge's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Comet Ridge afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Comet Ridge has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

COI Management

 What is the CEO of Comet Ridge's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Tor McCaul
COMPENSATION A$541,741
TENURE AS CEO 10 years
CEO Bio

Mr. Tor McCaul, B.E. (Hons/Petroleum), B.Econ, MBA, has been Managing Director of Comet Ridge Limited since April 16, 2009. Mr. McCaul has over 21 years oil and gas experience. Mr. McCaul served as Chief Executive Officer of Chartwell Energy Limited since July 2008. He served as the Head of Commercial & New Business of Cairn India Ltd. He spent 9 years based in Brisbane working for operating companies in technical roles on projects in Queensland, New Zealand and Papua New Guinea. Mr. McCaul spent the following 11 years in Asia (Karachi, Jakarta, Chennai and Delhi) serving for British independent companies in technical, finance, commercial and management roles which included 4 years on the 23 million ton per annum Bontang LNG project in Indonesia, the world’s largest, providing LNG into Japan, South Korea and Taiwan. Mr. McCaul has been a Director of Comet Ridge Limited since April 16, 2009. He is employed by CEIL. He is a Member of the Society of Petroleum Engineers, having served in several positions, including Chairman, on the executive committee for Queensland Section over several years. He was a Member of the UNSW Centre for Petroleum Engineering Advisory Committee. Mr. McCaul graduated with honours in Petroleum Engineering from UNSW in 1987.

CEO Compensation
  • Tor's compensation has increased whilst company is loss making.
  • Tor's remuneration is about average for companies of similar size in Australia.
Management Team Tenure

Average tenure of the Comet Ridge management team in years:

8.1
Average Tenure
  • The average tenure for the Comet Ridge management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Tor McCaul

TITLE
MD & Director
COMPENSATION
A$542K
TENURE
10 yrs

Chris Pieters

TITLE
Executive Director
COMPENSATION
A$201K
AGE
36
TENURE
3.8 yrs

Peter Harding-Smith

TITLE
Chief Financial Officer
TENURE
0.9 yrs

Dale Aaskow

TITLE
Chief Operating Officer
COMPENSATION
A$212K
TENURE
8.1 yrs

Stephen Rodgers

TITLE
Company Secretary
COMPENSATION
A$210K
TENURE
10 yrs
Board of Directors Tenure

Average tenure and age of the Comet Ridge board of directors in years:

10
Average Tenure
50
Average Age
  • The average tenure for the Comet Ridge board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

James A. McKay

TITLE
Non-Executive Chairman
COMPENSATION
A$102K
AGE
50
TENURE
9.4 yrs

Tor McCaul

TITLE
MD & Director
COMPENSATION
A$542K
TENURE
10 yrs

Chris Pieters

TITLE
Executive Director
COMPENSATION
A$201K
AGE
36
TENURE
10 yrs

Gill Swaby

TITLE
Non-Executive Director
COMPENSATION
A$85K
AGE
58
TENURE
15.3 yrs

Martin Riley

TITLE
Non-Executive Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Comet Ridge's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Comet Ridge has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

COI News

Simply Wall St News

Do Institutions Own Comet Ridge Limited (ASX:COI) Shares?

Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … Comet Ridge is a smaller company with a market capitalization of AU$226m, so it may still be flying under the radar of many institutional investors. … See our latest analysis for Comet Ridge

Simply Wall St -

Does Comet Ridge Limited's (ASX:COI) CEO Salary Reflect Performance?

This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … View our latest analysis for Comet Ridge? … How Does Tor McCaul's Compensation Compare With Similar Sized Companies?

Simply Wall St -

Market Sentiment Around Loss-Making Comet Ridge Limited (ASX:COI)

Comet Ridge Limited's (ASX:COI):. … Comet Ridge Limited, together with its subsidiaries, engages in the exploration and appraisal of coal seam gas and sandstone reserves in Eastern Australia. … See our latest analysis for Comet Ridge

Simply Wall St -

What Investors Should Know About Comet Ridge Limited's (ASX:COI) Financial Strength

The direct benefit for Comet Ridge Limited (ASX:COI), which sports a zero-debt capital structure, to include debt in its capital structure is the reduced cost of capital. … Is COI growing fast enough to value financial flexibility over lower cost of capital. … There are well-known benefits of including debt in capital structure, primarily a lower cost of capital

Simply Wall St -

Should Your Next Investment In Energy Be In Comet Ridge Limited (ASX:COI)?

Comet Ridge Limited (ASX:COI), a AU$243.59m … operates in the oil and gas industry … an extended oil price slump

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Are Earnings Prospects Improving For Loss-Making Comet Ridge Limited's (ASX:COI)?

After reading Comet Ridge Limited's (ASX:COI) latest earnings update (31 December 2017), I found it beneficial to look back at how the company has performed in the past and compare this against the most recent numbers. … See our latest analysis for Comet Ridge How Did COI's Recent Performance Stack Up Against Its Past? … For Comet Ridge, its latest trailing-twelve-month earnings is -AU$3.36M, which, against last year’s figure, has become less negative.

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Why Comet Ridge Limited's (ASX:COI) Ownership Structure Is Important

In this article, I'm going to take a look at Comet Ridge Limited’s (ASX:COI) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Another important group of shareholders are company insiders. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: COI's considerably high level of institutional ownership calls for further analysis into its margin of safety.

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With 8.5% Earnings Growth Lately, Did Comet Ridge Limited (ASX:COI) Outperform The Industry?

When Comet Ridge Limited (ASX:COI) announced its most recent earnings (30 June 2017), I compared it against two factor: its historical earnings track record, and the performance of its industry peers on average. … Check out our latest analysis for Comet Ridge Commentary On COI's Past Performance I prefer to use the ‘latest twelve-month’ data, which either annualizes the most recent 6-month earnings update, or in some cases, the most recent annual report is already the latest available financial data. … For Comet Ridge, the latest earnings -A$3.6M, which, in comparison to last year’s level, has become less negative.

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Is Comet Ridge Limited's (ASX:COI) CEO Pay Justified?

Tor McCaul took the helm as Comet Ridge Limited's (ASX:COI) CEO and grew market cap to AUDA$178.30M recently. … Earnings is a powerful indication of COI's ability to invest shareholders' funds and generate returns. … Usually I would use earnings and market cap to account for variations in performance, however, COI's negative earnings reduces the usefulness of my formula.

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Is Comet Ridge Limited (ASX:COI) An Energy Industry Laggard Or Leader?

This rate is below the growth rate of the Australian stock market as a whole. … Only now has the sector begun to emerge from its turmoil, and in the previous year, the industry saw growth of over 50%, beating the Australian market growth of 5.37%. … ASX:COI PE PEG Gauge Nov 8th 17 The oil and gas industry is trading at a PE ratio of 11x, below the broader Australian stock market PE of 17x.

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COI Company Info

Description

Comet Ridge Limited, together with its subsidiaries, engages in the exploration and appraisal of coal seam gas and sandstone reserves in Eastern Australia. The company has 100% interests in the ATP 743, ATP 744, and ATP 1015 projects located in the Galilee Basin, Queensland; and 40% interests in the ATP 1191 Mahalo project located in the Bowen Basin, Queensland, as well as holds interests in the PEL 6, PEL 427, and PEL 428 projects located in the Gunnedah Basin, New South Wales. Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.

Details
Name: Comet Ridge Limited
COI
Exchange: ASX
Founded: 2003
A$218,362,926
727,876,423
Website: http://www.cometridge.com.au
Address: Comet Ridge Limited
410 Queen Street,
Level 3,
Brisbane,
Queensland, 4000,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX COI Ordinary Shares Australian Securities Exchange AU AUD 26. Nov 2007
CHIA COI Ordinary Shares Chi-X Australia AU AUD 26. Nov 2007
Number of employees
Current staff
Staff numbers
0
Comet Ridge employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 10:30
End of day share price update: 2019/04/24 00:00
Last estimates confirmation: 2019/01/30
Last earnings filing: 2019/03/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.