Comet Ridge (COI.AX) Stock Price

Comet Ridge Price

ASX·CLOSED
0.09AUD-0.0030 (-3.35 %)
Market closed

Revenue at Comet Ridge has contracted by 9.4% per year over the past 19 years to 184,000.00 AUD. Comet Ridge's net margin stands at -1,342.4%, up from -40,941.2% several years earlier. Analysts set a median price target of 0.23 AUD, implying 160.8% above the current price. Of 8 analysts, 6 rate the stock a buy — an overall Buy consensus. The stock trades about 4% above its 52-week low.

Comet Ridge stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Comet Ridge over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Comet Ridge stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Comet Ridge's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Comet Ridge Stock Price History
DateComet Ridge Price
7/10/20260.09 AUD
7/9/20260.09 AUD
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Access this data via the Eulerpool API

Comet Ridge Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2021
17,000.00 AUD
-2.87 M AUD
-6.96 M AUD
Jan 1, 2022
6,000.00 AUD
-3.64 M AUD
-8.63 M AUD
Jan 1, 2023
153,000.00 AUD
-3.22 M AUD
-6.57 M AUD
Jan 1, 2024
196,000.00 AUD
-3.86 M AUD
-7.17 M AUD
Jan 1, 2025
184,000.00 AUD
-2.89 M AUD
-2.47 M AUD
Jan 1, 2026 (e)
0.00 AUD
-5.00 M AUD
-7.39 M AUD
Jan 1, 2027 (e)
5.20 M AUD
-3.71 M AUD
-6.62 M AUD
Jan 1, 2028 (e)
63.33 M AUD
20.76 M AUD
-11.09 M AUD

Comet Ridge Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jul 12, 2026, 10:04 AM
 
REVENUEM AUD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM AUD
NET INCOMEM AUD
NET INCOME GROWTH%
SHARESB
20132014201520162017201820192020202120222023202420252026e2027e2028e
3.005.0063.00
1,160.00
-33.33-20.00-1.59
-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00-1.00
-6.00-13.00-18.00-3.00-3.00-2.00-4.00-10.00-6.00-8.00-6.00-7.00-2.00-7.00-6.00-11.00
-300.00116.6738.46-83.33-33.33100.00150.00-40.0033.33-25.0016.67-71.43250.00-14.2983.33
0.400.460.510.530.560.650.720.790.790.860.981.051.161.161.161.16
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Comet Ridge generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Comet Ridge retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Comet Ridge's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Comet Ridge has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Comet Ridge's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Comet Ridge stock margins

The Comet Ridge margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Comet Ridge. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Comet Ridge.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
-5,382.35 %
-16,894.12 %
-40,941.17 %
Jan 1, 2022
-19,383.33 %
-60,716.66 %
-143,900.00 %
Jan 1, 2023
-781.05 %
-2,104.58 %
-4,290.85 %
Jan 1, 2024
-672.96 %
-1,967.35 %
-3,655.61 %
Jan 1, 2025
-510.33 %
-1,571.20 %
-1,342.39 %
Jan 1, 2026 (e)
-510.33 %
- %
- %
Jan 1, 2027 (e)
-510.33 %
-71.26 %
-127.22 %
Jan 1, 2028 (e)
-510.33 %
32.77 %
-17.51 %

Comet Ridge Stock Revenue, EBIT, Earnings per Share

The Comet Ridge earnings per share therefore indicates how much revenue Comet Ridge has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
0.00 AUD
-0.00 AUD
-0.01 AUD
Jan 1, 2022
0.00 AUD
-0.00 AUD
-0.01 AUD
Jan 1, 2023
0.00 AUD
-0.00 AUD
-0.01 AUD
Jan 1, 2024
0.00 AUD
-0.00 AUD
-0.01 AUD
Jan 1, 2025
0.00 AUD
-0.00 AUD
-0.00 AUD
Jan 1, 2026 (e)
0.00 AUD
-0.00 AUD
-0.01 AUD
Jan 1, 2027 (e)
0.00 AUD
-0.00 AUD
-0.01 AUD
Jan 1, 2028 (e)
0.05 AUD
0.02 AUD
-0.01 AUD

Comet Ridge business model & stock analysis

Comet Ridge Ltd. is an Australian company specializing in the exploration and production of unconventional natural gas. It was founded in 2005 and is headquartered in Brisbane, Australia. The company began exploring the Bowen Basin in Queensland for unconventional natural gas, specifically coal seam gas. It identified a significant potential for production and initiated planning and development activities in the region. Comet Ridge operates with a unique business model based on identifying opportunities for exploration and production of coal seam gas. It follows a strategy of joint operations, where it owns and operates multiple areas within its operating region, sharing operational liabilities with its partners. The company is divided into different business segments, including operational activities focused on the conversion of existing reserves into economically viable assets, as well as gas marketing, selling coal seam gas to various industries, representing an environmentally friendly strategy due to its lower greenhouse gas emissions. Comet Ridge also holds interests in a leading coal mine in Australia and a company specializing in compressor design and construction for the gas industry. In addition to coal seam gas, the company offers various products and services, including commercial and technical support. Overall, Comet Ridge Ltd. specializes in the exploration, production, and marketing of coal seam gas, implementing an environmentally sustainable strategy and reducing greenhouse gas emissions for a more sustainable future.

Comet Ridge SWOT Analysis

Strengths

Comet Ridge Ltd has several strengths that contribute to its success:

  • Strong financial position and healthy cash flow.
  • Technological expertise in the extraction and production of natural gas.
  • Well-established relationships with key stakeholders, including suppliers and customers.
  • Diversified product portfolio, offering a range of natural gas products to meet varying market demands.

Weaknesses

Despite its strengths, Comet Ridge Ltd also faces certain weaknesses:

  • Relatively small market share compared to larger competitors.
  • Dependence on external factors such as government regulations and global energy prices.
  • Vulnerability to environmental concerns and negative public perception of fossil fuel industries.
  • Limited geographic reach, primarily operating in specific regions.

Opportunities

Comet Ridge Ltd can capitalize on the following opportunities:

  • Increasing demand for natural gas as a cleaner alternative to other fossil fuels.
  • Expansion into new markets and regions, both domestically and internationally.
  • Ongoing advancements in technology to improve extraction efficiency and reduce environmental impact.
  • Partnerships and collaborations to enhance research and development capabilities.

Threats

Comet Ridge Ltd faces the following threats that could impede its growth:

  • Intense competition from larger, more established players in the natural gas industry.
  • Fluctuating market prices for natural gas, affected by global economic conditions and geopolitical factors.
  • Rapidly evolving regulatory landscape, leading to potential compliance challenges.
  • Shifting consumer preferences towards renewable energy sources, reducing demand for fossil fuels.

Comet Ridge Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Comet Ridge historical P/E ratio, EBIT multiple, and P/S ratio

Comet Ridge annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Comet Ridge shares outstanding

The number of shares of Comet Ridge was 1.16 B in 2025. This indicates how many shares Comet Ridge is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
791.21 M Stocks
Jan 1, 2022
860.03 M Stocks
Jan 1, 2023
981.23 M Stocks
Jan 1, 2024
1.05 B Stocks
Jan 1, 2025
1.16 B Stocks
Jan 1, 2026 (e)
1.16 B Stocks
Jan 1, 2027 (e)
1.16 B Stocks
Jan 1, 2028 (e)
1.16 B Stocks

Current Comet Ridge forecasts and price targets in July 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy75.00 % (6)
Hold25.00 % (2)
Sell0.00 % (0)
12M Price Target
0.23
Last Price
0.09
Currency
AUD
12M Return Potential
160.80 %
LTM Return
0 %

Comet Ridge shareholder structure

% Name
21.16056%
OC Funds Management Pty Ltd.
OC Funds Management Pty Ltd.
3.29476%
Mckay (James Allan Vincent)
Mckay (James Allan Vincent)
2.07673%
Brazil Farming Pty. Ltd.
Brazil Farming Pty. Ltd.
1.73458%
Sixth Erra Pty. Ltd.
Sixth Erra Pty. Ltd.
1.67484%
Brixia Investments Ltd
Brixia Investments Ltd
1.42775%
Naughton (John)
Naughton (John)

Comet Ridge Executives and Management Board

TM

Mr. Tor McCaul

Managing Director, Executive Director · since 2009

Compensation531,622.00 AUD
DA

Mr. Dale Aaskow

Chief Operating Officer

Compensation231,672.00 AUD
SR

Mr. Stephen Rodgers

Company Secretary

Compensation209,526.00 AUD
JM

Mr. James Mckay

Non-Executive Independent Chairman of the Board

Compensation159,726.00 AUD
JR

Mr. James Riley

Non-Executive Independent Director

Compensation92,420.00 AUD

Comet Ridge Supply Chain

Comet Ridge Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
7 companies
#Name1M3M6M1Y2YTrend
1
-0.20
0.62
0.64
0.78
0.78
2
-0.28
0.32
0.67
0.81
0.77
3
-0.32
0.85
0.82
0.82
0.69
4
Santos
Supplier
-0.28
0.74
0.83
0.53
0.39
#Name1M3M6M1Y2YTrend
1
Citigroup
Supplier
-0.26
-0.78
-0.78
-0.77
-0.21
2
APA Group
Supplier
0.03
0.85
0.73
0.51
0.06
3
China Petroleum Chemical H
Supplier
-0.21
0.01
0.18
-0.09
0.07

Frequently asked questions about Comet Ridge

Comet Ridge Ltd is an Australian energy company engaged in the exploration and production of natural gas. The company's business model primarily focuses on the discovery and development of coal seam gas (CSG) resources. Comet Ridge Ltd aims to extract and commercialize natural gas from its CSG assets through a combination of drilling, well construction, and production activities. With a strong emphasis on sustainable energy practices, advanced technology, and strategic partnerships, Comet Ridge Ltd strives to deliver long-term value to its shareholders while contributing to the nation's energy security and reducing carbon emissions.