CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
36.64 USD
-0.23 (-0.62%)
36.64 USD
0 (0%)
CNX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 207 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 is not valued too expensively and it also shows a decent growth rate.
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.
- In the past 5 years CNX reported 4 times negative net income.
- CNX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- With a Return On Assets value of 3.28%, CNX perfoms like the industry average, outperforming 50.24% of the companies in the same industry.
- CNX has a Return On Equity (7.10%) which is comparable to the rest of the industry.
- The Return On Invested Capital of CNX (6.71%) is better than 61.35% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for CNX 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
- CNX has a Profit Margin of 15.89%. This is in the better half of the industry: CNX outperforms 69.08% of its industry peers.
- CNX's Operating Margin of 36.96% is amongst the best of the industry. CNX outperforms 86.96% of its industry peers.
- In the last couple of years the Operating Margin of CNX has declined.
- With a decent Gross Margin value of 70.08%, CNX is doing good in the industry, outperforming 78.74% of the companies in the same industry.
- 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.
- Compared to 1 year ago, CNX has less shares outstanding
- The number of shares outstanding for CNX has been reduced compared to 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 1.28, we must say that CNX is in the distress zone and has some risk of bankruptcy.
- CNX has a Altman-Z score (1.28) which is in line with its industry peers.
- 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.
- 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.
- CNX has a Debt/Equity ratio of 0.55. This is a neutral value indicating CNX is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.55, CNX is in line with its industry, outperforming 44.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.81
WACC8.26%
2.3 Liquidity
- A Current Ratio of 0.34 indicates that CNX may have some problems paying its short term obligations.
- CNX's Current ratio of 0.34 is on the low side compared to the rest of the industry. CNX is outperformed by 89.37% of its industry peers.
- 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.
- 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
- 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.
- CNX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.24% yearly.
- Looking at the last year, CNX shows a quite strong growth in Revenue. The Revenue has grown by 17.47% in the last year.
- 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
- 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
- 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
- The Price/Earnings ratio is 15.14, which indicates a correct valuation of CNX.
- CNX's Price/Earnings ratio is in line with the industry average.
- When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (27.21), we can say CNX is valued slightly cheaper.
- The Price/Forward Earnings ratio is 14.14, which indicates a correct valuation of CNX.
- CNX's Price/Forward Earnings is on the same level as the industry average.
- CNX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 24.26, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.14 | ||
| Fwd PE | 14.14 |
4.2 Price Multiples
- 69.08% of the companies in the same industry are more expensive than CNX, based on the Enterprise Value to EBITDA ratio.
- 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 | 8.6 | ||
| EV/EBITDA | 6.12 |
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)0.7
PEG (5Y)1.06
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.