CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
NYSE:CNX - New York Stock Exchange, Inc. - US12653C1080 - Common Stock - Currency: USD
We assign a fundamental rating of 3 out of 10 to CNX. CNX was compared to 210 industry peers in the Oil, Gas & Consumable Fuels industry. CNX has a bad profitability rating. Also its financial health evaluation is rather negative. CNX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CNX was profitable.
CNX had a positive operating cash flow in the past year.
CNX had negative earnings in 4 of the past 5 years.
CNX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CNX has a Return On Assets of -0.98%. This is in the lower half of the industry: CNX underperforms 73.33% of its industry peers.
Looking at the Return On Equity, with a value of -2.04%, CNX is doing worse than 70.95% of the companies in the same industry.
The Return On Invested Capital of CNX (2.31%) is worse than 72.86% of its industry peers.
CNX had an Average Return On Invested Capital over the past 3 years of 10.96%. This is significantly below the industry average of 27.47%.
The last Return On Invested Capital (2.31%) for CNX is well below the 3 year average (10.96%), which needs to be investigated, but indicates that CNX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.98% | ||
| ROE | -2.04% | ||
| ROIC | 2.31% |
ROA(3y)5.74%
ROA(5y)1.01%
ROE(3y)10.81%
ROE(5y)1.6%
ROIC(3y)10.96%
ROIC(5y)N/A
1.3 Margins
The Operating Margin of CNX (13.91%) is comparable to the rest of the industry.
CNX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 57.29%, CNX is in the better half of the industry, outperforming 63.81% of the companies in the same industry.
In the last couple of years the Gross Margin of CNX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.91% | ||
| PM (TTM) | N/A | ||
| GM | 57.29% |
OM growth 3Y-33.34%
OM growth 5Y-2.26%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.84%
GM growth 5Y-3.14%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CNX is still creating some value.
CNX has less shares outstanding than it did 1 year ago.
The number of shares outstanding for CNX has been reduced compared to 5 years ago.
CNX has about the same debt/assets ratio as last year.
2.2 Solvency
CNX has an Altman-Z score of 1.06. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
CNX has a Altman-Z score (1.06) which is in line with its industry peers.
CNX has a debt to FCF ratio of 7.96. This is a slightly negative value and a sign of low solvency as CNX would need 7.96 years to pay back of all of its debts.
The Debt to FCF ratio of CNX (7.96) is comparable to the rest of the industry.
CNX has a Debt/Equity ratio of 0.45. This is a healthy value indicating a solid balance between debt and equity.
CNX has a Debt to Equity ratio of 0.45. This is comparable to the rest of the industry: CNX outperforms 49.05% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 7.96 | ||
| Altman-Z | 1.06 |
ROIC/WACC0.29
WACC8.03%
2.3 Liquidity
A Current Ratio of 0.33 indicates that CNX may have some problems paying its short term obligations.
With a Current ratio value of 0.33, CNX is not doing good in the industry: 92.38% of the companies in the same industry are doing better.
A Quick Ratio of 0.32 indicates that CNX may have some problems paying its short term obligations.
CNX has a worse Quick ratio (0.32) than 91.90% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
The earnings per share for CNX have decreased by -4.28% in the last year.
The Earnings Per Share has been growing by 14.24% on average over the past years. This is quite good.
Looking at the last year, CNX shows a very negative growth in Revenue. The Revenue has decreased by -15.15% in the last year.
Measured over the past years, CNX shows a decrease in Revenue. The Revenue has been decreasing by -4.06% on average per year.
EPS 1Y (TTM)-4.28%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%-14.93%
Revenue 1Y (TTM)-15.15%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-86.34%
3.2 Future
Based on estimates for the next years, CNX will show a very strong growth in Earnings Per Share. The EPS will grow by 36.77% on average per year.
CNX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.31% yearly.
EPS Next Y16.16%
EPS Next 2Y27.18%
EPS Next 3Y36.77%
EPS Next 5YN/A
Revenue Next Year24.59%
Revenue Next 2Y15.23%
Revenue Next 3Y12.31%
Revenue Next 5YN/A
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 16.78, which indicates a correct valuation of CNX.
CNX's Price/Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Earnings ratio of 29.35, CNX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 14.45, CNX is valued correctly.
CNX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 22.10. CNX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.78 | ||
| Fwd PE | 14.45 |
4.2 Price Multiples
CNX's Enterprise Value to EBITDA is on the same level as the industry average.
CNX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.23 | ||
| EV/EBITDA | 9.41 |
4.3 Compensation for Growth
CNX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CNX's earnings are expected to grow with 36.77% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.04
PEG (5Y)1.18
EPS Next 2Y27.18%
EPS Next 3Y36.77%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
30.04
+1.22 (+4.23%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners106.04%
Inst Owner Change-3.22%
Ins Owners4.31%
Ins Owner Change-4.43%
Market Cap4.47B
Analysts46.67
Price Target30.35 (1.03%)
Short Float %17.02%
Short Ratio7.06
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly Dividend0
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)35.5%
Min EPS beat(2)22.31%
Max EPS beat(2)48.69%
EPS beat(4)4
Avg EPS beat(4)28.78%
Min EPS beat(4)15.13%
Max EPS beat(4)48.69%
EPS beat(8)7
Avg EPS beat(8)32.22%
EPS beat(12)9
Avg EPS beat(12)23.59%
EPS beat(16)11
Avg EPS beat(16)22.9%
Revenue beat(2)1
Avg Revenue beat(2)-30.48%
Min Revenue beat(2)-68.37%
Max Revenue beat(2)7.42%
Revenue beat(4)1
Avg Revenue beat(4)-23.8%
Min Revenue beat(4)-68.37%
Max Revenue beat(4)7.42%
Revenue beat(8)4
Avg Revenue beat(8)40.22%
Revenue beat(12)8
Avg Revenue beat(12)53.99%
Revenue beat(16)11
Avg Revenue beat(16)46.78%
PT rev (1m)-2.46%
PT rev (3m)-0.83%
EPS NQ rev (1m)-5.05%
EPS NQ rev (3m)17.46%
EPS NY rev (1m)-8.63%
EPS NY rev (3m)13.34%
Revenue NQ rev (1m)-1.04%
Revenue NQ rev (3m)10.98%
Revenue NY rev (1m)-3.09%
Revenue NY rev (3m)8.16%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.78 | ||
| Fwd PE | 14.45 | ||
| P/S | 2.82 | ||
| P/FCF | 16.23 | ||
| P/OCF | 5.48 | ||
| P/B | 1.09 | ||
| P/tB | 1.2 | ||
| EV/EBITDA | 9.41 |
EPS(TTM)1.79
EY5.96%
EPS(NY)2.08
Fwd EY6.92%
FCF(TTM)1.85
FCFY6.16%
OCF(TTM)5.48
OCFY18.25%
SpS10.65
BVpS27.53
TBVpS24.93
PEG (NY)1.04
PEG (5Y)1.18
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.98% | ||
| ROE | -2.04% | ||
| ROCE | 2.98% | ||
| ROIC | 2.31% | ||
| ROICexc | 2.32% | ||
| ROICexgc | 2.44% | ||
| OM | 13.91% | ||
| PM (TTM) | N/A | ||
| GM | 57.29% | ||
| FCFM | 17.37% |
ROA(3y)5.74%
ROA(5y)1.01%
ROE(3y)10.81%
ROE(5y)1.6%
ROIC(3y)10.96%
ROIC(5y)N/A
ROICexc(3y)10.99%
ROICexc(5y)N/A
ROICexgc(3y)11.63%
ROICexgc(5y)N/A
ROCE(3y)14.16%
ROCE(5y)N/A
ROICexcg growth 3Y-46.19%
ROICexcg growth 5Y-4.58%
ROICexc growth 3Y-46.11%
ROICexc growth 5Y-3.49%
OM growth 3Y-33.34%
OM growth 5Y-2.26%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.84%
GM growth 5Y-3.14%
F-Score4
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 7.96 | ||
| Debt/EBITDA | 2.63 | ||
| Cap/Depr | 111.24% | ||
| Cap/Sales | 34.07% | ||
| Interest Coverage | 1.62 | ||
| Cash Conversion | 115.5% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 1.06 |
F-Score4
WACC8.03%
ROIC/WACC0.29
Cap/Depr(3y)130.2%
Cap/Depr(5y)115.63%
Cap/Sales(3y)35.83%
Cap/Sales(5y)35.3%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-4.28%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%-14.93%
EPS Next Y16.16%
EPS Next 2Y27.18%
EPS Next 3Y36.77%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.15%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-86.34%
Revenue Next Year24.59%
Revenue Next 2Y15.23%
Revenue Next 3Y12.31%
Revenue Next 5YN/A
EBIT growth 1Y-55.56%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year248.59%
EBIT Next 3Y65.81%
EBIT Next 5YN/A
FCF growth 1Y103.76%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y0.15%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%