CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
NYSE:CNX - New York Stock Exchange, Inc. - US12653C1080 - Common Stock - Currency: USD
CNX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 212 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of CNX have multiple concerns. CNX has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CNX had positive earnings in the past year.
In the past year CNX had a positive cash flow from operations.
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
Looking at the Return On Assets, with a value of -0.98%, CNX is doing worse than 76.70% of the companies in the same industry.
CNX has a Return On Equity of -2.04%. This is in the lower half of the industry: CNX underperforms 73.79% of its industry peers.
CNX's Return On Invested Capital of 2.30% is on the low side compared to the rest of the industry. CNX is outperformed by 75.24% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 28.73%.
The last Return On Invested Capital (2.30%) 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 | 2.3% |
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
CNX has a Operating Margin (13.84%) which is comparable to the rest of the industry.
CNX's Operating Margin has declined in the last couple of years.
The Gross Margin of CNX (57.36%) is better than 64.56% of its industry peers.
In the last couple of years the Gross Margin of CNX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 13.84% | ||
| PM (TTM) | N/A | ||
| GM | 57.36% |
OM growth 3Y-33.22%
OM growth 5Y-2.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.76%
GM growth 5Y-3.08%
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.
The number of shares outstanding for CNX has been reduced compared to 1 year ago.
Compared to 5 years ago, CNX has less shares outstanding
The debt/assets ratio for CNX has remained at the same level compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.01, we must say that CNX is in the distress zone and has some risk of bankruptcy.
CNX has a Altman-Z score (1.01) which is comparable to the rest of the industry.
The Debt to FCF ratio of CNX is 7.96, which is on the high side as it means it would take CNX, 7.96 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CNX (7.96) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.45 indicates that CNX is not too dependend on debt financing.
The Debt to Equity ratio of CNX (0.45) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 7.96 | ||
| Altman-Z | 1.01 |
ROIC/WACC0.29
WACC7.93%
2.3 Liquidity
A Current Ratio of 0.33 indicates that CNX may have some problems paying its short term obligations.
CNX's Current ratio of 0.33 is on the low side compared to the rest of the industry. CNX is outperformed by 93.69% of its industry peers.
A Quick Ratio of 0.32 indicates that CNX may have some problems paying its short term obligations.
The Quick ratio of CNX (0.32) is worse than 92.72% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
CNX shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.28%.
Measured over the past years, CNX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.24% on average per year.
CNX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.15%.
CNX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.06% yearly.
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%-61.38%
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 30.93% on average per year.
CNX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.33% yearly.
EPS Next Y27.12%
EPS Next 2Y30.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year27.05%
Revenue Next 2Y17.33%
Revenue Next 3YN/A
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
With a Price/Earnings ratio of 15.89, CNX is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as CNX.
Compared to an average S&P500 Price/Earnings ratio of 28.47, CNX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 12.50, CNX is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNX is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 92.74. CNX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.89 | ||
| Fwd PE | 12.5 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CNX.
CNX's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 15.42 | ||
| EV/EBITDA | 8.92 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
CNX's earnings are expected to grow with 30.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.59
PEG (5Y)1.12
EPS Next 2Y30.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CNX RESOURCES CORP
NYSE:CNX (2/4/2025, 8:04:00 PM)
After market: 28.45 0 (0%)28.45
+0.85 (+3.08%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners113.61%
Inst Owner Change-0.32%
Ins Owners4.13%
Ins Owner Change-4.64%
Market Cap4.25B
Analysts46.36
Price Target31.11 (9.35%)
Short Float %19.06%
Short Ratio9.28
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)35.35%
Min EPS beat(2)22.31%
Max EPS beat(2)48.39%
EPS beat(4)4
Avg EPS beat(4)28.71%
Min EPS beat(4)15.13%
Max EPS beat(4)48.39%
EPS beat(8)7
Avg EPS beat(8)32.18%
EPS beat(12)9
Avg EPS beat(12)23.57%
EPS beat(16)11
Avg EPS beat(16)22.88%
Revenue beat(2)1
Avg Revenue beat(2)-1.67%
Min Revenue beat(2)-10.75%
Max Revenue beat(2)7.42%
Revenue beat(4)1
Avg Revenue beat(4)-9.4%
Min Revenue beat(4)-19.55%
Max Revenue beat(4)7.42%
Revenue beat(8)4
Avg Revenue beat(8)47.42%
Revenue beat(12)8
Avg Revenue beat(12)58.79%
Revenue beat(16)11
Avg Revenue beat(16)50.38%
PT rev (1m)-4.14%
PT rev (3m)9.32%
EPS NQ rev (1m)0.24%
EPS NQ rev (3m)8.54%
EPS NY rev (1m)-2.72%
EPS NY rev (3m)-1.51%
Revenue NQ rev (1m)2.51%
Revenue NQ rev (3m)3.37%
Revenue NY rev (1m)-0.57%
Revenue NY rev (3m)-0.25%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.89 | ||
| Fwd PE | 12.5 | ||
| P/S | 2.68 | ||
| P/FCF | 15.42 | ||
| P/OCF | 5.21 | ||
| P/B | 1.04 | ||
| P/tB | 1.14 | ||
| EV/EBITDA | 8.92 |
EPS(TTM)1.79
EY6.29%
EPS(NY)2.28
Fwd EY8%
FCF(TTM)1.85
FCFY6.49%
OCF(TTM)5.47
OCFY19.21%
SpS10.62
BVpS27.45
TBVpS24.86
PEG (NY)0.59
PEG (5Y)1.12
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -0.98% | ||
| ROE | -2.04% | ||
| ROCE | 2.97% | ||
| ROIC | 2.3% | ||
| ROICexc | 2.31% | ||
| ROICexgc | 2.43% | ||
| OM | 13.84% | ||
| PM (TTM) | N/A | ||
| GM | 57.36% | ||
| 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-46.1%
ROICexcg growth 5Y-4.48%
ROICexc growth 3Y-46.01%
ROICexc growth 5Y-3.38%
OM growth 3Y-33.22%
OM growth 5Y-2.15%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-9.76%
GM growth 5Y-3.08%
F-Score4
Asset Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 7.96 | ||
| Debt/EBITDA | 2.64 | ||
| Cap/Depr | 111.24% | ||
| Cap/Sales | 34.07% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 115.67% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.32 | ||
| Altman-Z | 1.01 |
F-Score4
WACC7.93%
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 Y27.12%
EPS Next 2Y30.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-15.15%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-61.38%
Revenue Next Year27.05%
Revenue Next 2Y17.33%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-55.76%
EBIT growth 3Y-45.44%
EBIT growth 5Y-6.13%
EBIT Next Year240.8%
EBIT Next 3Y62.76%
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%