COMET RIDGE LIMITED (COI)
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COI

COI - COMET RIDGE LIMITED

FNArena Sector : NatGas
Year End: June
GICS Industry Group : Energy
Debt/EBITDA: -1.8
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.135

28 Mar
2025

0.000

OPEN

$0.14

0.000

HIGH

$0.14

567,629

LOW

$0.14

TARGET
$0.22 63.0% upside
OTHER COMPANIES IN THE SAME SECTOR
AEL . APA . BLU . CRD . CTP . GHY . GLL . KAR . ORG . STO . STX . TBN . WDS .
FNARENA'S MARKET CONSENSUS FORECASTS
COI: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 0.7 - 0.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-0.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx6.5
Net Operating Cash Flow xxxxxxxxxxxxxxx-4.2 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-10.47 %
Return on Invested Capital xxxxxxxxxxxxxxx-9.47 %
Return on Assets xxxxxxxxxxxxxxx-6.19 %
Return on Equity xxxxxxxxxxxxxxx-10.47 %
Return on Total Capital xxxxxxxxxxxxxxx-5.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx7 M
Total Debt xxxxxxxxxxxxxxx7 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx17 M
Price To Book Value xxxxxxxxxxxxxxx3.06

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx3.6 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx4 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Bell Potter

06/02/2025

1

Speculative Buy

$0.21

55.56%

Bell Potter observes Comet Ridge and Santos have advanced the Mahalo joint venture into the front-end engineering design (FEED) phase, targeting a final investment decision (FID) by early 2026.

The recent quarterly activities and cash flow report revealed a cash balance of $19.3m, up from $11.4m in the prior quarter.

Funds received a $12m boost from an equity placement and $4m in grant funding from the Queensland government, applied to Mahalo East pilot drilling, explains the broker.

The broker's target price falls to 21c from 26c after incorporating the equity placement. Speculative Buy rating unchanged.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.60 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.80 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Petra Capital

23/09/2024

1

Buy

$0.29

114.81%

Management has provided an update for the 57%-owned Mahalo joint venture, as well for Mahalo North and Mahalo East which are fully owned by Comet Ridge.

Petra Capital has deferred its first production forecast at the joint venture by a year and risk-weighted development by -10% in the analyst's valuation to reflect uncertainty after progress by key operator Santos ((STO)) has slowed.

Drilling at Mahalo East begins in October, while the broker awaits final approvals at Mahalo North where pre-front-end engineering design (FEED) upstream activities continue.

The Buy rating is maintained, and the target reduced to 29c from 35c.

FORECAST
Petra Capital forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.40 cents.
Access Extra Coverage Research History >

COI STOCK CHART

FNArena News on COI

1
Australian Broker Call *Extra* Edition – Nov 12, 2024

Nov 12 2024 - Daily Market Reports
2
FNArena Corporate Results Monitor – 01-10-2024

Oct 01 2024 - Australia
3
Australian Broker Call *Extra* Edition – Sep 23, 2024

Sep 23 2024 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 19, 2024

Sep 19 2024 - Daily Market Reports
5
Australian Broker Call *Extra* Edition – Jul 17, 2024

Jul 17 2024 - Daily Market Reports

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