CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
34.5 USD
-0.78 (-2.21%)
34.5 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CNX. CNX was compared to 208 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.
1. Profitability
1.1 Basic Checks
In the past year CNX was profitable.
CNX had a positive operating cash flow in the past year.
In the past 5 years CNX reported 4 times negative net income.
In the past 5 years CNX always reported a positive cash flow from operatings.
1.2 Ratios
With a Return On Assets value of 3.28%, CNX perfoms like the industry average, outperforming 50.48% of the companies in the same industry.
The Return On Equity of CNX (7.10%) is comparable to the rest of the industry.
With a decent Return On Invested Capital value of 6.71%, CNX is doing good in the industry, outperforming 61.54% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 21.28%.
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 Rank | Sector 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
1.3 Margins
CNX's Profit Margin of 15.89% is fine compared to the rest of the industry. CNX outperforms 68.27% of its industry peers.
With an excellent Operating Margin value of 36.96%, CNX belongs to the best of the industry, outperforming 86.54% of the companies in the same industry.
In the last couple of years the Operating Margin of CNX has declined.
Looking at the Gross Margin, with a value of 70.08%, CNX is in the better half of the industry, outperforming 78.37% of the companies in the same industry.
CNX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
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.
Compared to 1 year ago, CNX has less shares outstanding
CNX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CNX has about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.25, we must say that CNX is in the distress zone and has some risk of bankruptcy.
CNX has a Altman-Z score of 1.25. This is comparable to the rest of the industry: CNX outperforms 51.44% of its industry peers.
The Debt to FCF ratio of CNX is 4.54, which is a neutral value as it means it would take CNX, 4.54 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 4.54, CNX is in the better half of the industry, outperforming 66.83% of the companies in the same industry.
CNX has a Debt/Equity ratio of 0.55. This is a neutral value indicating CNX is somewhat dependend on debt financing.
CNX has a Debt to Equity ratio of 0.55. This is comparable to the rest of the industry: CNX outperforms 45.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.25 |
ROIC/WACC0.82
WACC8.15%
2.3 Liquidity
A Current Ratio of 0.34 indicates that CNX may have some problems paying its short term obligations.
The Current ratio of CNX (0.34) is worse than 88.94% of its industry peers.
A Quick Ratio of 0.31 indicates that CNX may have some problems paying its short term obligations.
The Quick ratio of CNX (0.31) is worse than 88.46% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28.04% over the past year.
CNX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.24% yearly.
The Revenue has grown by 17.47% in the past year. This is quite good.
The Revenue has been decreasing by -4.06% on average over the past years.
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 Year26.99%
Revenue Next 2Y13.91%
Revenue Next 3Y13.19%
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
A Price/Earnings ratio of 14.26 indicates a correct valuation of CNX.
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 (27.19), we can say CNX is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 13.32, the valuation of CNX can be described as correct.
CNX's Price/Forward Earnings is on the same level as the industry average.
When comparing the Price/Forward Earnings ratio of CNX to the average of the S&P500 Index (23.88), we can say CNX is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.26 | ||
| Fwd PE | 13.32 |
4.2 Price Multiples
CNX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CNX is cheaper than 67.79% of the companies in the same industry.
84.13% of the companies in the same industry are more expensive than CNX, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.09 | ||
| EV/EBITDA | 5.95 |
4.3 Compensation for Growth
CNX's 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)0.66
PEG (5Y)1
EPS Next 2Y20.3%
EPS Next 3Y33.72%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
34.5
-0.78 (-2.21%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners103.12%
Inst Owner Change0%
Ins Owners2.76%
Ins Owner Change-0.02%
Market Cap4.65B
Revenue(TTM)1.84B
Net Income(TTM)292.29M
Analysts51.82
Price Target35.12 (1.8%)
Short Float %22.42%
Short Ratio14.65
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
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)38.9%
Min EPS beat(2)30.22%
Max EPS beat(2)47.59%
EPS beat(4)4
Avg EPS beat(4)36.84%
Min EPS beat(4)20.86%
Max EPS beat(4)48.69%
EPS beat(8)8
Avg EPS beat(8)43.17%
EPS beat(12)11
Avg EPS beat(12)44.64%
EPS beat(16)12
Avg EPS beat(16)21.22%
Revenue beat(2)2
Avg Revenue beat(2)65.22%
Min Revenue beat(2)26.28%
Max Revenue beat(2)104.15%
Revenue beat(4)2
Avg Revenue beat(4)-5.55%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)4
Avg Revenue beat(8)12.22%
Revenue beat(12)7
Avg Revenue beat(12)36.34%
Revenue beat(16)11
Avg Revenue beat(16)47.25%
PT rev (1m)6.87%
PT rev (3m)10.24%
EPS NQ rev (1m)2.74%
EPS NQ rev (3m)-15.67%
EPS NY rev (1m)-1.54%
EPS NY rev (3m)2.75%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-1.67%
Revenue NY rev (1m)0%
Revenue NY rev (3m)5.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 14.26 | ||
| Fwd PE | 13.32 | ||
| P/S | 2.53 | ||
| P/FCF | 8.09 | ||
| P/OCF | 4.65 | ||
| P/B | 1.13 | ||
| P/tB | 1.25 | ||
| EV/EBITDA | 5.95 |
EPS(TTM)2.42
EY7.01%
EPS(NY)2.59
Fwd EY7.51%
FCF(TTM)4.26
FCFY12.35%
OCF(TTM)7.42
OCFY21.51%
SpS13.64
BVpS30.52
TBVpS27.69
PEG (NY)0.66
PEG (5Y)1
Graham Number40.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.28% | ||
| ROE | 7.1% | ||
| ROCE | 8.67% | ||
| ROIC | 6.71% | ||
| ROICexc | 6.72% | ||
| ROICexgc | 7.06% | ||
| OM | 36.96% | ||
| PM (TTM) | 15.89% | ||
| GM | 70.08% | ||
| FCFM | 31.24% |
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
ROICexgc growth 3Y-46.19%
ROICexgc 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-Score6
Asset Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Debt/EBITDA | 1.84 | ||
| Cap/Depr | 76.45% | ||
| Cap/Sales | 23.16% | ||
| Interest Coverage | 4.45 | ||
| Cash Conversion | 80.89% | ||
| Profit Quality | 196.6% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | 1.25 |
F-Score6
WACC8.15%
ROIC/WACC0.82
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)28.04%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%19.51%
EPS Next Y21.61%
EPS Next 2Y20.3%
EPS Next 3Y33.72%
EPS Next 5Y27.27%
Revenue 1Y (TTM)17.47%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%37.63%
Revenue Next Year26.99%
Revenue Next 2Y13.91%
Revenue Next 3Y13.19%
Revenue Next 5YN/A
EBIT growth 1Y215.7%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year234.22%
EBIT Next 3Y61.58%
EBIT Next 5Y46.63%
FCF growth 1Y63.78%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y-8.67%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%
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.