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CNX RESOURCES CORP (CNX) Stock Fundamental Analysis

USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock

36.87 USD
-0.4 (-1.07%)
Last: 1/22/2026, 8:04:00 PM
36.87 USD
0 (0%)
After Hours: 1/22/2026, 8:04:00 PM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CNX. CNX was compared to 207 industry peers in the Oil, Gas & Consumable Fuels industry. CNX has a medium profitability rating, but doesn't score so well on its financial health evaluation. CNX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year CNX was profitable.
  • In the past year CNX had a positive cash flow from operations.
  • CNX had negative earnings in 4 of the past 5 years.
  • In the past 5 years CNX always reported a positive cash flow from operatings.
CNX Yearly Net Income VS EBIT VS OCF VS FCFCNX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

  • CNX has a Return On Assets (3.28%) which is comparable to the rest of the industry.
  • With a Return On Equity value of 7.10%, CNX perfoms like the industry average, outperforming 48.79% of the companies in the same industry.
  • CNX has a Return On Invested Capital of 6.71%. This is in the better half of the industry: CNX outperforms 61.35% 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 21.94%.
  • The 3 year average ROIC (10.96%) for CNX is well above the current ROIC(6.71%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA 3.28%
ROE 7.1%
ROIC 6.71%
ROA(3y)5.74%
ROA(5y)1.01%
ROE(3y)10.81%
ROE(5y)1.6%
ROIC(3y)10.96%
ROIC(5y)N/A
CNX Yearly ROA, ROE, ROICCNX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

1.3 Margins

  • Looking at the Profit Margin, with a value of 15.89%, CNX is in the better half of the industry, outperforming 69.08% of the companies in the same industry.
  • CNX has a Operating Margin of 36.96%. This is amongst the best in the industry. CNX outperforms 86.96% of its industry peers.
  • CNX's Operating Margin has declined in the last couple of years.
  • CNX has a Gross Margin of 70.08%. This is in the better half of the industry: CNX outperforms 78.74% of its industry peers.
  • CNX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 36.96%
PM (TTM) 15.89%
GM 70.08%
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%
CNX Yearly Profit, Operating, Gross MarginsCNX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100

3

2. Health

2.1 Basic Checks

  • CNX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is 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
  • CNX has about the same debt/assets ratio as last year.
CNX Yearly Shares OutstandingCNX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CNX Yearly Total Debt VS Total AssetsCNX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B

2.2 Solvency

  • CNX has an Altman-Z score of 1.28. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
  • The Altman-Z score of CNX (1.28) is comparable to the rest of the industry.
  • CNX has a debt to FCF ratio of 4.54. This is a neutral value as CNX would need 4.54 years to pay back of all of its debts.
  • The Debt to FCF ratio of CNX (4.54) is better than 66.67% of its industry peers.
  • A Debt/Equity ratio of 0.55 indicates that CNX is somewhat dependend on debt financing.
  • CNX has a Debt to Equity ratio (0.55) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.55
Debt/FCF 4.54
Altman-Z 1.28
ROIC/WACC0.81
WACC8.3%
CNX Yearly LT Debt VS Equity VS FCFCNX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.34 indicates that CNX may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.34, CNX is doing worse than 89.37% of the companies in the same industry.
  • A Quick Ratio of 0.31 indicates that CNX may have some problems paying its short term obligations.
  • CNX has a Quick ratio of 0.31. This is amonst the worse of the industry: CNX underperforms 88.89% of its industry peers.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.31
CNX Yearly Current Assets VS Current LiabilitesCNX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 28.04% over the past 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 quite strong growth in Revenue. The Revenue has grown by 17.47% in the last year.
  • CNX shows a decrease in Revenue. Measured over the last years, the Revenue has been decreasing by -4.06% yearly.
EPS 1Y (TTM)28.04%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%19.51%
Revenue 1Y (TTM)17.47%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%37.63%

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 27.27% on average per year.
  • The Revenue is expected to grow by 13.19% on average over the next years. This is quite good.
EPS Next Y21.61%
EPS Next 2Y20.3%
EPS Next 3Y33.72%
EPS Next 5Y27.27%
Revenue Next Year25.54%
Revenue Next 2Y13.5%
Revenue Next 3Y13.19%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
CNX Yearly Revenue VS EstimatesCNX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
CNX Yearly EPS VS EstimatesCNX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2 3 4

6

4. Valuation

4.1 Price/Earnings Ratio

  • CNX is valuated correctly with a Price/Earnings ratio of 15.24.
  • CNX's Price/Earnings is on the same level as the industry average.
  • When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (27.30), we can say CNX is valued slightly cheaper.
  • A Price/Forward Earnings ratio of 14.23 indicates a correct valuation of CNX.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of CNX is on the same level as its industry peers.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 24.32, CNX is valued a bit cheaper.
Industry RankSector Rank
PE 15.24
Fwd PE 14.23
CNX Price Earnings VS Forward Price EarningsCNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than 69.08% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, CNX is valued cheaper than 83.57% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.65
EV/EBITDA 6.12
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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.
  • A more expensive valuation may be justified as CNX's earnings are expected to grow with 33.72% in the coming years.
PEG (NY)0.71
PEG (5Y)1.07
EPS Next 2Y20.3%
EPS Next 3Y33.72%

0

5. Dividend

5.1 Amount

  • No dividends for CNX!.
Industry RankSector Rank
Dividend Yield 0%

CNX RESOURCES CORP / CNX FAQ

What is the ChartMill fundamental rating of CNX RESOURCES CORP (CNX) stock?

ChartMill assigns a fundamental rating of 4 / 10 to CNX.


Can you provide the valuation status for CNX RESOURCES CORP?

ChartMill assigns a valuation rating of 6 / 10 to CNX RESOURCES CORP (CNX). This can be considered as Fairly Valued.


Can you provide the profitability details for CNX RESOURCES CORP?

CNX RESOURCES CORP (CNX) has a profitability rating of 5 / 10.


What is the financial health of CNX RESOURCES CORP (CNX) stock?

The financial health rating of CNX RESOURCES CORP (CNX) is 3 / 10.


What is the expected EPS growth for CNX RESOURCES CORP (CNX) stock?

The Earnings per Share (EPS) of CNX RESOURCES CORP (CNX) is expected to grow by 21.61% in the next year.