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Comet Ridge (ASX:COI) FCF Yield % : -4.06 (As of May. 10, 2024)


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What is Comet Ridge FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Comet Ridge's Trailing 12-Month Free Cash Flow is A$-8.56 Mil, and Market Cap is A$210.48 Mil. Therefore, Comet Ridge's FCF Yield % for today is -4.06%.

The historical rank and industry rank for Comet Ridge's FCF Yield % or its related term are showing as below:

ASX:COI' s FCF Yield % Range Over the Past 10 Years
Min: -32.43   Med: -8.58   Max: -3.26
Current: -4.06


During the past 13 years, the highest FCF Yield % of Comet Ridge was -3.26%. The lowest was -32.43%. And the median was -8.58%.

ASX:COI's FCF Yield % is ranked worse than
64.7% of 1085 companies
in the Oil & Gas industry
Industry Median: 1.85 vs ASX:COI: -4.06

Comet Ridge's FCF Margin % for the quarter that ended in Dec. 2023 was 0.00%.


Comet Ridge FCF Yield % Historical Data

The historical data trend for Comet Ridge's FCF Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Comet Ridge FCF Yield % Chart

Comet Ridge Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
FCF Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8.03 -26.78 -8.88 -7.99 -6.20

Comet Ridge Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
FCF Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -13.53 -6.84 -7.01 -5.61 -3.48

Competitive Comparison of Comet Ridge's FCF Yield %

For the Oil & Gas E&P subindustry, Comet Ridge's FCF Yield %, along with its competitors' market caps and FCF Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Comet Ridge's FCF Yield % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Comet Ridge's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Comet Ridge's FCF Yield % falls into.



Comet Ridge FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Comet Ridge's FCF Yield % for the fiscal year that ended in Jun. 2023 is calculated as

FCF Yield %=Free Cash Flow / Market Cap
=-10.341 / 166.71105
=-6.20%

Comet Ridge's annualized FCF Yield % for the quarter that ended in Dec. 2023 is calculated as

FCF Yield %=Free Cash Flow * Annualized Factor / Market Cap
=-3.884 * 2 / 223.4122
=-3.48%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Comet Ridge FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.


Comet Ridge FCF Yield % Related Terms

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Comet Ridge (ASX:COI) Business Description

Traded in Other Exchanges
N/A
Address
410 Queen Street, Level 3, Brisbane, QLD, AUS, 4000
Comet Ridge Ltd is an exploration company. It is engaged in the exploration and evaluation of its tenements for oil and gas reserves. The projects of the company includes Mahalo North and Mahalo Gas Project, Gunnedah, and Galilee Basin project. The projects are located in the states of Queensland and New South Wales, Australia.

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