Comstock Holding Companies (NasdaqCM:CHCI) - Share price, News & Analysis

CHCI fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

CHCI Stock Overview

Comstock Holding Companies, Inc. develops, operates, and manages of mixed-use and transit-oriented properties primarily in the Washington, D.C.

Rewards

Trading at 89.4% below our estimate of its fair value

Earnings grew by 685% over the past year

Risk Analysis

High level of non-cash earnings

Does not have a meaningful market cap ($40M)

Comstock Holding Companies Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Comstock Holding Companies
Historical stock prices
Current Share Price	US$4.75
52 Week High	US$6.69
52 Week Low	US$3.86
Beta	1.21
1 Month Change	-0.83%
3 Month Change	-20.34%
1 Year Change	-24.12%
3 Year Change	79.25%
5 Year Change	141.12%
Change since IPO	-95.95%

Recent News & Updates

Jun 07

Does Comstock Holding Companies (NASDAQ:CHCI) Deserve A Spot On Your Watchlist?

Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...

Apr 29

Comstock Holding Companies (NASDAQ:CHCI) Has A Rock Solid Balance Sheet

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Shareholder Returns

	CHCI	US Real Estate	US Market
7D	-0.6%	9.2%	6.6%
1Y	-24.1%	-51.2%	-18.4%

Return vs Industry: CHCI exceeded the US Real Estate industry which returned -51.4% over the past year.

Return vs Market: CHCI underperformed the US Market which returned -18.5% over the past year.

Price Volatility

Is CHCI's price volatile compared to industry and market?
CHCI volatility
CHCI Average Weekly Movement	8.7%
Real Estate Industry Average Movement	8.4%
Market Average Movement	8.1%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.2%

Stable Share Price: CHCI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CHCI's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1985	157	Chris Clemente	https://www.comstockcompanies.com

Comstock Holding Companies, Inc. develops, operates, and manages of mixed-use and transit-oriented properties primarily in the Washington, D.C. metropolitan area. The company operates a portfolio of 34 operating assets, which include 14 commercial assets totaling approximately 2.2 million square feet; 6 multifamily assets totaling 1,636 units; and 14 commercial garages with approximately 11,000 parking spaces. It also has 18 development pipeline assets consisting of approximately 2.0 million square feet of additional planned commercial development; approximately 1,900 multifamily units; and 2 hotel assets.

Comstock Holding Companies Fundamentals Summary

How do Comstock Holding Companies's earnings and revenue compare to its market cap?
CHCI fundamental statistics
Market Cap	US$39.58m
Earnings (TTM)	US$17.66m
Revenue (TTM)	US$32.98m

2.2x

P/E Ratio

1.2x

P/S Ratio

Is CHCI overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
CHCI income statement (TTM)
Revenue	US$32.98m
Cost of Revenue	US$24.27m
Gross Profit	US$8.72m
Other Expenses	-US$8.94m
Earnings	US$17.66m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	2.12
Gross Margin	26.43%
Net Profit Margin	53.55%
Debt/Equity Ratio	20.5%

How did CHCI perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for CHCI. This is calculated by dividing CHCI's market cap by their current preferred multiple.
What is CHCI's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	US$39.58m

CHCI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	1.4x
Enterprise Value/EBITDA	7.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does CHCI's PE Ratio compare to its peers?

CHCI PE Ratio vs Peers

The above table shows the PE ratio for CHCI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	14.8x

Forward PE

Price-To-Earnings vs Peers: CHCI is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (14.8x).

Price to Earnings Ratio vs Industry

How does CHCI's PE Ratio compare vs other companies in the U.S. Real Estate Industry?

Price-To-Earnings vs Industry: CHCI is good value based on its Price-To-Earnings Ratio (2.2x) compared to the US Real Estate industry average (10.2x)

Price to Earnings Ratio vs Fair Ratio

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

CHCI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2.2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CHCI's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

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

Below Fair Value: CHCI ($4.75) is trading below our estimate of fair value ($44.73)

Significantly Below Fair Value: CHCI is trading below fair value by more than 20%.

Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CHCI's PEG Ratio to determine if it is good value.

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Future Growth

How is Comstock Holding Companies forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

39.1%

Forecasted Real Estate industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Comstock Holding Companies has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Examine whether Comstock Holding Companies is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Comstock Holding Companies performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

79.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CHCI has a high level of non-cash earnings.

Growing Profit Margin: CHCI's current net profit margins (53.6%) are higher than last year (9.4%).

Past Earnings Growth Analysis

Earnings Trend: CHCI has become profitable over the past 5 years, growing earnings by 79.7% per year.

Accelerating Growth: CHCI's earnings growth over the past year (685%) exceeds its 5-year average (79.7% per year).

Earnings vs Industry: CHCI earnings growth over the past year (685%) exceeded the Real Estate industry 116.4%.

Return on Equity

High ROE: CHCI's Return on Equity (65.7%) is considered outstanding.

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Financial Health

How is Comstock Holding Companies's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: CHCI's short term assets ($15.3M) exceed its short term liabilities ($3.2M).

Long Term Liabilities: CHCI's short term assets ($15.3M) exceed its long term liabilities ($12.2M).

Debt to Equity History and Analysis

Debt Level: CHCI has more cash than its total debt.

Reducing Debt: CHCI's debt to equity ratio has reduced from 743.6% to 20.5% over the past 5 years.

Debt Coverage: CHCI's debt is well covered by operating cash flow (137.7%).

Interest Coverage: CHCI's interest payments on its debt are well covered by EBIT (25.4x coverage).

Balance Sheet

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Dividend

What is Comstock Holding Companies's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate CHCI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CHCI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CHCI's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CHCI's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as CHCI has not reported any payouts.

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Management

How experienced are the management team and are they aligned to shareholders interests?

2.0yrs

Average management tenure

CEO

Chris Clemente (62 yo)

37.42yrs

Tenure

US$900,000

Compensation

Mr. Christopher Clemente, also known as Chris, is a Principal of Comstock Partners, L.C. Mr. Clemente founded Comstock Homebuilding Companies Inc., in 1985 and has been its Chairman and Chief Executive Off...

CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD900.00K) is about average for companies of similar size in the US market ($USD752.25K).

Compensation vs Earnings: Chris's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: CHCI's management team is not considered experienced ( 2 years average tenure), which suggests a new team.

Board Members

Experienced Board: CHCI's board of directors are seasoned and experienced ( 17.3 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/06/26 00:00
End of Day Share Price	2022/06/24 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31