Added to YB: 2024-09-13
Pitch date: 2024-09-12
CHCI [bullish]
Comstock Holding Companies, Inc.
+105.85%
current return
Author Info
Sea Capital is a value investor with concentrated investments in high-quality businesses. Sign up for the newsletter.
Company Info
Comstock Holding Companies, Inc. operates as an asset manager, developer, and operator of mixed-use and transit-oriented properties in the United States.
Market Cap
$177.2M
Pitch Price
$8.21
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.95
P/E
10.65
EV/Sales
2.41
Sector
Real Estate Management and Development
Category
growth
NASDAQ: CHCI | Hiding in Plain Sight under NVR Influence
CHCI: Asset-light property mgmt, 26% rev & 45% EBITDA CAGR 2020-24. $2.2B AUM to $5.5B by 2026. 70% insider owned (31% NVR founder). 80% recurring rev, guaranteed till 2035. No debt, $20M net cash. At 4x EBITDA vs peers 15x. Est. 45% IRR in 5yrs. Catalysts: portfolio buildout, cash returns.
Read full article (3 min)