Comstock Resources, Inc.

DB:CX91 Stock Report

Market Cap: €5.7b

Comstock Resources Valuation

Is CX91 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CX91 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€8.87
Fair Value
118.5% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: CX91 (€19.39) is trading above our estimate of fair value (€8.87)

Significantly Below Fair Value: CX91 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CX91?

Key metric: As CX91 is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CX91. This is calculated by dividing CX91's market cap by their current revenue.
What is CX91's PS Ratio?
PS Ratio4.5x
SalesUS$1.30b
Market CapUS$5.81b

Price to Sales Ratio vs Peers

How does CX91's PS Ratio compare to its peers?

The above table shows the PS ratio for CX91 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average1.3x
DR0 Deutsche Rohstoff
0.7x-3.4%€175.0m
VBK Verbio
0.5x7.8%€781.8m
CE2 CropEnergies
0.8x-14.0%€1.0b
CNX CNX Resources
3.3x20.7%US$4.7b
CX91 Comstock Resources
4.5x20.3%€5.8b

Price-To-Sales vs Peers: CX91 is expensive based on its Price-To-Sales Ratio (4.5x) compared to the peer average (1.3x).

Price to Sales Ratio vs Industry

How does CX91's PS Ratio compare vs other companies in the European Oil and Gas Industry?

21 CompaniesPrice / SalesEstimated GrowthMarket Cap
CX91 4.5xIndustry Avg. 1.2xNo. of Companies21PS00.81.62.43.24+
21 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CX91 is expensive based on its Price-To-Sales Ratio (4.5x) compared to the European Oil and Gas industry average (1.2x).

Price to Sales Ratio vs Fair Ratio

What is CX91's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CX91 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.5x
Fair PS Ratio2.2x

Price-To-Sales vs Fair Ratio: CX91 is expensive based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (2.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CX91 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€19.39
€11.83
-39.0%
29.3%€17.57€4.88n/a13
Jan ’26€16.19
€11.14
-31.2%
29.2%€16.40€4.82n/a12
Dec ’25€14.67
€10.36
-29.4%
29.0%€16.20€4.76n/a12
Nov ’25€10.17
€9.33
-8.2%
26.1%€12.89€4.60n/a11
Oct ’25€9.87
€8.57
-13.1%
23.4%€11.68€4.49n/a11
Sep ’25€9.54
€9.08
-4.8%
20.0%€11.70€4.50n/a11
Aug ’25€8.37
€9.60
+14.7%
13.8%€12.05€7.41n/a11
Jul ’25€9.55
€9.40
-1.6%
14.3%€11.18€7.45n/a11
Jun ’25€10.58
€9.13
-13.6%
13.2%€11.06€7.37n/a11
May ’25€9.43
€9.15
-3.0%
18.6%€12.61€6.54n/a12
Apr ’25€8.54
€8.56
+0.2%
17.7%€12.03€6.48n/a12
Mar ’25€7.85
€9.09
+15.8%
21.0%€13.05€6.52n/a12
Feb ’25€7.07
€9.65
+36.4%
18.8%€13.78€7.35n/a12
Jan ’25€7.97
€10.90
+36.8%
18.8%€13.65€7.28€16.1911
Dec ’24€9.33
€12.07
+29.4%
15.7%€15.62€8.73€14.6711
Nov ’24€11.93
€12.46
+4.4%
16.4%€16.06€8.50€10.1711
Oct ’24€10.37
€12.59
+21.5%
20.1%€18.72€8.42€9.8711
Sep ’24€11.69
€12.20
+4.4%
20.3%€17.47€8.28€9.5411
Aug ’24€10.64
€12.08
+13.6%
21.8%€17.30€8.19€8.3711
Jul ’24€10.55
€11.68
+10.7%
25.1%€17.37€8.23€9.5511
Jun ’24€8.56
€12.22
+42.8%
28.8%€20.46€8.37€10.5811
May ’24€10.45
€13.01
+24.5%
28.8%€19.92€8.15€9.4311
Apr ’24€9.85
€13.90
+41.1%
25.8%€19.52€9.29€8.5411
Mar ’24€11.60
€14.08
+21.4%
24.2%€19.65€9.36€7.8511
Feb ’24€10.80
€15.23
+41.0%
18.2%€19.12€10.92€7.0711
Jan ’24€12.50
€19.56
+56.5%
27.1%€31.11€13.20€7.9712
Analyst Price Target
Consensus Narrative from 13 Analysts
€11.82
Fair Value
64.1% overvalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is lower than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/11 15:34
End of Day Share Price 2025/01/10 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Comstock Resources, Inc. is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Phillip JungwirthBMO Capital Markets Equity Research
Randy OllenbergerBMO Capital Markets Equity Research
Kaleinoheaokeala AkamineBofA Global Research