Comet Ridge - Public Comps and Valuation Multiples

Comet Ridge Overview

About Comet Ridge

Comet Ridge Ltd is an Australian energy company focused on the development of natural gas for the supply-constrained east coast Australian market. It has tenement interests and a suite of prospective projects in Queensland. The company's flagship Mahalo Gas Hub area (Mahalo Gas Project) consists of high-quality natural gas resources with low CO2 and competitive production costs. The Mahalo Gas Hub contains gross 2P (Reserves) and 2C (Contingent Resources) of 676 Petajoules close to the Gladstone LNG export and domestic market precinct, as well as gas transport infrastructure. Additionally, the company also holds various permits in the eastern part of the Galilee Basin, and an exploration licence (PEL 427), in the northern Gunnedah Basin, New South Wales.

Founded

2003

HQ

Employees

Website

cometridge.com.au

Sectors

Energy Exploration & Generation

Financials

LTM Revenue $3K

LTM EBITDA -$1.5M

EV

$93.1M

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Comet Ridge Financials

As of October 2025, Comet Ridge reported last 12-month revenue of $3K and EBITDA of -$1.5M.

In the same period, Comet Ridge achieved -$3.1M in LTM net income.

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Comet Ridge P&L

In the most recent fiscal year, Comet Ridge reported EBITDA of -$0.1M.

Comet Ridge expects next 12-month revenue of XXX and NTM EBITDA of XXX

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	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue	$3K	XXX	n/a	XXX	XXX	XXX
Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
Gross Margin	n/a	XXX	n/a	XXX	XXX	XXX
EBITDA	-$1.5M	XXX	-$0.1M	XXX	XXX	XXX
EBITDA Margin	-57022%	XXX	n/a	XXX	XXX	XXX
EBIT	-$1.5M	XXX	-$2.0M	XXX	XXX	XXX
EBIT Margin	-59742%	XXX	n/a	XXX	XXX	XXX
Net Profit	-$3.1M	XXX	-$1.6M	XXX	XXX	XXX
Net Margin	-118588%	XXX	n/a	XXX	XXX	XXX
Net Debt	XXX	XXX	n/a	XXX	XXX	XXX

Financial data powered by Morningstar, Inc.

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Financial performance metrics for Comet Ridge including revenue, profitability, and margin analysis across different time periods. The company reported last twelve months revenue of $3K. EBITDA for the last twelve months was -$1.5M.
Financial Metric	Last Twelve Months (LTM)	Next Twelve Months (NTM)	Most Recent Fiscal Year	Current Fiscal Year (2025)	Next Fiscal Year (2026)	Two Years Forward (2027)
Total Revenue	$3K	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit	n/a	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Gross Profit Margin	n/a	Analyst estimates available to subscribers	NaN% gross profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA (Earnings Before Interest, Taxes, Depreciation, Amortization)	-$1.5M	Analyst estimates available to subscribers	-$0.1M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBITDA Margin	-57022.1% EBITDA margin	Analyst estimates available to subscribers	NaN% EBITDA margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT (Earnings Before Interest and Taxes)	-$1.5M	Analyst estimates available to subscribers	-$2.0M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
EBIT Margin	-59742.0% EBIT margin	Analyst estimates available to subscribers	n/a	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Income (Net Profit)	-$3.1M	Analyst estimates available to subscribers	-$1.6M	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Profit Margin	-118587.6% net profit margin	Analyst estimates available to subscribers	NaN% net profit margin	Analyst estimates available to subscribers	Analyst estimates available to subscribers	Analyst estimates available to subscribers
Net Debt Position	Detailed debt information available to subscribers	Detailed debt information available to subscribers	n/a	Detailed debt information available to subscribers	Detailed debt information available to subscribers	Detailed debt information available to subscribers

Financial Performance Summary for Comet Ridge

This financial data table provides comprehensive performance metrics for Comet Ridge, a company based in Australia. The metrics include revenue, profitability measures, and operational efficiency indicators across multiple time periods.

Recent Performance Highlights

Comet Ridge generated $3K in revenue over the last twelve months.
The company achieved -$1.5M in EBITDA over the last twelve months.
Net income over the last twelve months reached -$3.1M.

Fiscal Year Performance

Fiscal year EBITDA was -$0.1M.
The company maintained a gross profit margin of NaN% in the most recent fiscal year.
EBITDA margin for the fiscal year was NaN%.
Net profit margin reached NaN% in the most recent fiscal year.

This financial data is sourced from Morningstar, Inc. and represents the most recent available information for Comet Ridge. Forward-looking estimates and detailed financial projections are available through our premium subscription service.

Comet Ridge Stock Performance

Comet Ridge has current market cap of AUD 150M (or $97.2M), and EV of AUD 143M (or $93.1M).

Market Cap Evolution

Comet Ridge Stock Data

As of November 3, 2025, Comet Ridge's stock price is AUD 0 (or $0).

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EV	Market Cap	Price 1D	Price 1M	Price 3M	Price 12M	EPS
$93.1M	$97.2M	XXX	XXX	XXX	XXX	$-0.00

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Comet Ridge Valuation Multiples

Comet Ridge's trades at n/a EV/Revenue multiple, and -62.9x EV/EBITDA.

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Comet Ridge Financial Valuation Multiples

As of November 3, 2025, Comet Ridge has market cap of $97.2M and EV of $93.1M.

Equity research analysts estimate Comet Ridge's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Comet Ridge has a P/E ratio of -31.7x.

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Market cap (current)	$97.2M	XXX	$97.2M	XXX	XXX	XXX
EV (current)	$93.1M	XXX	$93.1M	XXX	XXX	XXX
EV/Revenue	35999.0x	XXX	n/a	XXX	XXX	XXX
EV/EBITDA	-63.1x	XXX	-62.9x	XXX	XXX	XXX
EV/EBIT	-60.3x	XXX	-39.0x	XXX	XXX	XXX
EV/Gross Profit	n/a	XXX	n/a	XXX	XXX	XXX
P/E	-31.7x	XXX	-31.0x	XXX	XXX	XXX
EV/FCF	-2.8x	XXX	-9.8x	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Comet Ridge Margins & Growth Rates

Comet Ridge's last 12 month revenue growth is 28984%

Comet Ridge's revenue per employee in the last FY averaged n/a, while opex per employee averaged $1.0M for the same period.

Comet Ridge's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Comet Ridge's rule of X is 15438% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Comet Ridge Operational Valuation Multiples

	LTM	NTM	Last FY	FY 2025	FY 2026	FY 2027
Revenue Growth	28984%	XXX	n/a	XXX	XXX	XXX
EBITDA Margin	-57022%	XXX	n/a	XXX	XXX	XXX
EBITDA Growth	145%	XXX	n/a	XXX	XXX	XXX
Rule of 40	n/a	XXX	n/a	XXX	XXX	XXX
Bessemer Rule of X	XXX	XXX	15438%	XXX	XXX	XXX
Revenue per Employee	XXX	XXX	n/a	XXX	XXX	XXX
Opex per Employee	XXX	XXX	$1.0M	XXX	XXX	XXX
S&M Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
G&A Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
R&D Expenses to Revenue	XXX	XXX	n/a	XXX	XXX	XXX
Opex to Revenue	XXX	XXX	n/a	XXX	XXX	XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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