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Comet Ridge Ltd (COI) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Comet Ridge Ltd stock A$0.05, price A$0.06, that is 24.0% below the price, quality 31 out of 100. Rating: overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Energy AU · ISIN AU000000COI3

CR Comet Ridge Ltd logo Thin data Nov 9, 2026

Comet Ridge Ltd

COI · AU
Expensive, weak quality

Our calculation puts a fair price 24% below what the stock costs today.

Low debt
Mixed Growth (revenue 5y +97.4 %/yr in AUD)
Revenue last quarter 85% below a year ago.
Fair value A$0.0486 · Overvalued
Quality 31/100
Loss-making · -88.6% net margin (FY2025)
Negative free cash flow
Trails peers (2/8)
Narrow moat 5/100 · thin data
Thin data
⟳ Cyclical
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.2450 A$0.0640 Fair Value A$0.0486 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range A$0.0640 – A$0.2450 · fair‑value band A$0.0422 – A$0.0614 · the A$0.0640 price screens above the A$0.0486 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

Comet Ridge Limited engages in the oil and gas exploration, appraisal, and development activities in Australia. The company's flagship property is the Mahalo Gas Hub which consists of 2 reserves and 2 contingent resources of 676 petajoules located in southern Bowen Basin.

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Comet Ridge Limited was incorporated in 2003 and is based in Brisbane, Australia.

Stock analysis

Comet Ridge Ltd (COI) currently trades at A$0.0640, while our model-based Fair Value estimate is A$0.0486, 24% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: A$0.0422 (bear) to A$0.0614 (bull), the price of A$0.0640 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 31/100 (below-average quality), in the Energy sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Comet Ridge Ltd reported revenue of A$2.8M in FY2025 versus A$20.0K in FY2021, a compound +243.6%/yr. Reported net income was −A$4.4M in FY2026.

Key figures

Market cap A$107M (≈ $74.1M) Micro · Return on equity −4.7% · Return on assets (EBIT) −2.1% (5-year average) · Operating margin 707% · Revenue (TTM) −A$2.2M · Revenue growth (YoY) −85.3% · Free cash flow −A$3.5M · Net cash A$20.3M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 5 out of 100 (low confidence).

What moves the price

The share trades about 63% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −24%, COI screens richer than that median.

Fair Value models

Bear A$0.0422 Fair Value A$0.0486 Bull A$0.0614
Price A$0.0640 · Downside -24.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) A$0.0300 A$0.0400 A$0.0600 54
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0300 A$0.0400 A$0.0600 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 2
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 7
Do the profits arrive as real cash?
Financial strength 64
Debt, balance sheet and risk of trouble
Investment 53
Does it invest with discipline instead of growing at any price?
Low Volatility 45
How calm the share price moves, does not count
Price momentum 5
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 37
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1,323.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+97.4%
Start year 2020 (pandemic). Over 10 years: +196.0% a year
Revenue growth 21 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+19.5%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−868.4% (2019) → −1,721.9% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

COI screens overvalued: fair value 24% below the price. Compare with ConocoPhillips explores for, →

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Oil & Gas E&P · 239 stocks

Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Bottom 25%
Fair Value upside −24.1% · Below median
Profitability
Return on assets −2.9% · Below median
Net margin (12 months) −88.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −85.3% · Bottom 25%
Balance sheet
Debt / equity 0.06× · Lowest 25%

Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper

P/B 0.71× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)1 · sector 23
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 30
HEALTH (low debt)97 · sector 85
DIVIDEND (yield)0 · sector 72

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Diamondback Energy, Inc FANG $178.96 $242.64 +36% vs COI
CNOOC Limited 0883 HK$23.48 HK$26.76 +14% vs COI
EOG Resources, Inc EOG $147.13 $166.94 +13% vs COI
Canadian Natural Resources Limited CNQ $48.55 $53.41 +10% vs COI
EQT Corporation EQT $49.40 $54.34 +10% vs COI
Devon Energy Corporation DVN $42.21 $39.47 −7% vs COI
Woodside Energy Group WDS $21.04 $19.39 −8% vs COI
ConocoPhillips explores for, COP $136.27 $92.89 −32% vs COI
Occidental Petroleum Corporation OXY $56.38 $33.18 −41% vs COI
Aker BP ASA AKRBP kr 316.80 kr 127.39 −60% vs COI

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Comet Ridge Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Comet Ridge Ltd Fair Value". https://www.fairvalue-calculator.com/stock/COI

Frequently asked questions

Is Comet Ridge Ltd (COI) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$0.0486 versus a price of A$0.0640, about 24% lower (overvalued).
What is the fair value of COI?
Our model-based fair value for Comet Ridge Ltd is A$0.0486 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$0.0640.
What is the quality score of COI?
Comet Ridge Ltd has a Quality Score of 31/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Comet Ridge Ltd (COI)?
Our model-based price target is the fair value of A$0.0486 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario A$0.0422, optimistic scenario A$0.0614. It is a calculation from audited fundamentals, not an analyst target.
What is the Comet Ridge Ltd stock forecast for 2026?
Our models put fair value at A$0.0486, about 24% lower versus a price of A$0.0640 (overvalued). Cautious scenario A$0.0422, optimistic scenario A$0.0614. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Comet Ridge Ltd (COI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Comet Ridge Ltd it is A$0.0486 per share (as of Nov 9, 2026), against a price of A$0.0640. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Comet Ridge Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, COI trades above its calculated fair value: price A$0.0640, fair value A$0.0486, a gap of about −24% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of COI?
No. The price is what the market pays today (A$0.0640); the fair value is what the company's own numbers justify (A$0.0486). For Comet Ridge Ltd the two are A$0.0154 per share apart. That gap is exactly why we show both numbers side by side.
How much is Comet Ridge Ltd worth?
The market values Comet Ridge Ltd at about A$107M (market capitalisation, as of Nov 9, 2026). Per share that is A$0.0640; our models calculate a fair value of A$0.0486 per share.
What do the bullish and bearish scenarios say about COI?
Our models span a range for Comet Ridge Ltd: cautious scenario A$0.0422, base A$0.0486, optimistic A$0.0614 per share (as of Nov 9, 2026, price A$0.0640). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Comet Ridge Ltd (COI)?
Balance-sheet figures for Comet Ridge Ltd (as of Nov 9, 2026): return on equity −4.7%, debt of 0.06 per unit of equity. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is COI from its 52-week high?
Comet Ridge Ltd trades at A$0.0640, about 63% below its 52-week high of A$0.1750 and at the low of A$0.0640 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0486 is for.
Which stocks are comparable to Comet Ridge Ltd?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, EOG Resources, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Comet Ridge Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price A$0.0640, calculated fair value A$0.0486 (−24%), Quality Score 31/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of COI calculated?
We run Comet Ridge Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0486 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Comet Ridge Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Comet Ridge Ltd (COI)?
The closing price on Nov 9, 2026 was A$0.0640. Our model-based fair value is A$0.0486, about 24% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Comet Ridge Ltd right now?
The price sits above even our optimistic bull case (A$0.0614). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Comet Ridge Ltd

How large is the market capitalisation of Comet Ridge Ltd (COI)?
The market capitalisation of Comet Ridge Ltd is A$107M (≈ $74.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the return on equity of Comet Ridge Ltd (COI)?
The return on equity (ROE) of Comet Ridge Ltd is −4.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Comet Ridge Ltd (COI)?
On an EBIT basis the return on assets of Comet Ridge Ltd is −2.1% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Comet Ridge Ltd (COI)?
The operating margin of Comet Ridge Ltd is 707% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Comet Ridge Ltd (COI) generate?
Comet Ridge Ltd generates revenue of −A$2.2M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Comet Ridge Ltd (COI)?
Revenue at Comet Ridge Ltd is growing −85.3% versus a year earlier (3y avg +675%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Comet Ridge Ltd (COI) generate?
The free cash flow of Comet Ridge Ltd is −A$3.5M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Comet Ridge Ltd (COI) hold?
Comet Ridge Ltd holds more cash than debt, A$20.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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