CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
36.87 USD
-0.4 (-1.07%)
36.87 USD
0 (0%)
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.
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.
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 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
- 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 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
- 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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.81
WACC8.3%
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 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.
- 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.
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.24 | ||
| Fwd PE | 14.23 |
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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.65 | ||
| EV/EBITDA | 6.12 |
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%
5. Dividend
5.1 Amount
- No dividends for CNX!.
| Industry Rank | Sector 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.