CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
36.94 USD
+0.18 (+0.49%)
36.9 USD
-0.04 (-0.11%)
CNX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 209 industry peers in the Oil, Gas & Consumable Fuels industry. While CNX is still in line with the averages on profitability rating, there are concerns on its financial health. CNX has a decent growth rate and is not valued too expensively.
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.
In the past 5 years CNX reported 4 times negative net income.
Each year in the past 5 years CNX had a positive operating cash flow.
1.2 Ratios
CNX has a Return On Assets (3.28%) which is comparable to the rest of the industry.
CNX has a Return On Equity (7.10%) which is in line with its industry peers.
CNX has a Return On Invested Capital of 6.71%. This is comparable to the rest of the industry: CNX outperforms 59.52% 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 21.66%.
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 has a Profit Margin of 15.89%. This is in the better half of the industry: CNX outperforms 66.67% of its industry peers.
CNX has a better Operating Margin (36.96%) than 84.76% of its industry peers.
In the last couple of years the Operating Margin of CNX has declined.
CNX has a Gross Margin of 70.08%. This is in the better half of the industry: CNX outperforms 79.52% of its industry peers.
In the last couple of years the Gross Margin of CNX has declined.
| 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.
CNX has less shares outstanding than it did 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
Based on the Altman-Z score of 1.31, we must say that CNX is in the distress zone and has some risk of bankruptcy.
CNX has a Altman-Z score (1.31) which is comparable to the rest of the industry.
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.
With a decent Debt to FCF ratio value of 4.54, CNX is doing good in the industry, outperforming 66.67% of the companies in the same industry.
A Debt/Equity ratio of 0.55 indicates that CNX is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.55, CNX perfoms like the industry average, outperforming 44.29% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.81
WACC8.32%
2.3 Liquidity
A Current Ratio of 0.34 indicates that CNX may have some problems paying its short term obligations.
With a Current ratio value of 0.34, CNX is not doing good in the industry: 90.95% of the companies in the same industry are doing better.
CNX has a Quick Ratio of 0.34. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of CNX (0.31) is worse than 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 28.04%, which is quite impressive.
The Earnings Per Share has been growing by 14.24% on average over the past years. This is quite good.
CNX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.47%.
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)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
CNX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.27% yearly.
The Revenue is expected to grow by 12.93% on average over the next years. This is quite good.
EPS Next Y22.1%
EPS Next 2Y18.82%
EPS Next 3Y33.03%
EPS Next 5Y27.27%
Revenue Next Year22.26%
Revenue Next 2Y13.02%
Revenue Next 3Y12.93%
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.
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
Based on the Price/Earnings ratio of 15.26, the valuation of CNX can be described as correct.
CNX's Price/Earnings is on the same level as the industry average.
CNX is valuated rather cheaply when we compare the Price/Earnings ratio to 25.45, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 14.62, which indicates a correct valuation of CNX.
The rest of the industry has a similar Price/Forward Earnings ratio as CNX.
CNX is valuated cheaply when we compare the Price/Forward Earnings ratio to 34.46, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.26 | ||
| Fwd PE | 14.62 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than 66.19% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CNX indicates a rather cheap valuation: CNX is cheaper than 81.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.09 | ||
| EV/EBITDA | 6.31 |
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 33.03% in the coming years.
PEG (NY)0.69
PEG (5Y)1.07
EPS Next 2Y18.82%
EPS Next 3Y33.03%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
36.94
+0.18 (+0.49%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners100.93%
Inst Owner Change-1.95%
Ins Owners4.51%
Ins Owner Change-0.02%
Market Cap5.22B
Revenue(TTM)1.84B
Net Income(TTM)292.29M
Analysts50.91
Price Target32.86 (-11.04%)
Short Float %19.35%
Short Ratio13.61
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
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)1.72%
PT rev (3m)-0.72%
EPS NQ rev (1m)-6.73%
EPS NQ rev (3m)-25.82%
EPS NY rev (1m)3.17%
EPS NY rev (3m)6.23%
Revenue NQ rev (1m)-0.12%
Revenue NQ rev (3m)-6.29%
Revenue NY rev (1m)1.36%
Revenue NY rev (3m)11.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.26 | ||
| Fwd PE | 14.62 | ||
| P/S | 2.84 | ||
| P/FCF | 9.09 | ||
| P/OCF | 5.22 | ||
| P/B | 1.27 | ||
| P/tB | 1.4 | ||
| EV/EBITDA | 6.31 |
EPS(TTM)2.42
EY6.55%
EPS(NY)2.53
Fwd EY6.84%
FCF(TTM)4.06
FCFY11%
OCF(TTM)7.08
OCFY19.16%
SpS13.01
BVpS29.1
TBVpS26.4
PEG (NY)0.69
PEG (5Y)1.07
Graham Number39.81
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 | 1.31 |
F-Score6
WACC8.32%
ROIC/WACC0.81
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 Y22.1%
EPS Next 2Y18.82%
EPS Next 3Y33.03%
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 Year22.26%
Revenue Next 2Y13.02%
Revenue Next 3Y12.93%
Revenue Next 5YN/A
EBIT growth 1Y215.7%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year234.77%
EBIT Next 3Y61.72%
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.
What is the valuation status for CNX stock?
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 4 / 10.
What is the valuation of CNX RESOURCES CORP based on its PE and PB ratios?
The Price/Earnings (PE) ratio for CNX RESOURCES CORP (CNX) is 15.26 and the Price/Book (PB) ratio is 1.27.
Can you provide the expected EPS growth for CNX stock?
The Earnings per Share (EPS) of CNX RESOURCES CORP (CNX) is expected to grow by 22.1% in the next year.