CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

Current stock price

37.88 USD
-1.03 (-2.65%)
At close:
37.88 USD
0 (0%)
After Hours:

This CNX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CNX Profitability Analysis

1.1 Basic Checks

  • CNX had positive earnings in the past year.
  • In the past year CNX had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: CNX reported negative net income in multiple 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 2025 0 1B 2B

1.2 Ratios

  • CNX has a Return On Assets of 6.96%. This is in the better half of the industry: CNX outperforms 75.60% of its industry peers.
  • CNX has a Return On Equity of 14.60%. This is in the better half of the industry: CNX outperforms 75.60% of its industry peers.
  • The Return On Invested Capital of CNX (7.71%) is better than 70.81% of its industry peers.
  • CNX had an Average Return On Invested Capital over the past 3 years of 4.26%. This is significantly below the industry average of 22.50%.
  • The 3 year average ROIC (4.26%) for CNX is below the current ROIC(7.71%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 6.96%
ROE 14.6%
ROIC 7.71%
ROA(3y)8.62%
ROA(5y)3.6%
ROE(3y)17.28%
ROE(5y)6.71%
ROIC(3y)4.26%
ROIC(5y)10.76%
CNX Yearly ROA, ROE, ROICCNX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

1.3 Margins

  • CNX has a better Profit Margin (32.32%) than 88.04% of its industry peers.
  • Looking at the Operating Margin, with a value of 39.79%, CNX belongs to the top of the industry, outperforming 87.08% of the companies in the same industry.
  • CNX's Operating Margin has declined in the last couple of years.
  • CNX has a better Gross Margin (71.60%) than 81.82% of its industry peers.
  • CNX's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 39.79%
PM (TTM) 32.32%
GM 71.6%
OM growth 3Y-16.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.66%
GM growth 5Y5.42%
CNX Yearly Profit, Operating, Gross MarginsCNX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

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3

2. CNX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CNX is destroying 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 a worse debt to assets ratio.
CNX Yearly Shares OutstandingCNX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 2B 4B 6B 8B

2.2 Solvency

  • CNX has an Altman-Z score of 1.42. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.42, CNX is in line with its industry, outperforming 48.33% of the companies in the same industry.
  • CNX has a debt to FCF ratio of 4.59. This is a neutral value as CNX would need 4.59 years to pay back of all of its debts.
  • CNX has a better Debt to FCF ratio (4.59) than 71.29% of its industry peers.
  • CNX has a Debt/Equity ratio of 0.52. This is a neutral value indicating CNX is somewhat dependend on debt financing.
  • With a Debt to Equity ratio value of 0.52, CNX perfoms like the industry average, outperforming 48.33% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.42
ROIC/WACC0.98
WACC7.91%
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 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.44 indicates that CNX may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.44, CNX is doing worse than 88.52% of the companies in the same industry.
  • CNX has a Quick Ratio of 0.44. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
  • With a Quick ratio value of 0.41, CNX is not doing good in the industry: 88.04% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.44
Quick Ratio 0.41
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 2025 200M 400M 600M 800M 1B

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6

3. CNX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 39.15% over the past year.
  • The Earnings Per Share has been growing by 20.55% on average over the past years. This is a very strong growth
  • CNX shows a strong growth in Revenue. In the last year, the Revenue has grown by 57.29%.
  • Measured over the past years, CNX shows a quite strong growth in Revenue. The Revenue has been growing by 14.34% on average per year.
EPS 1Y (TTM)39.15%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%55.13%
Revenue 1Y (TTM)57.29%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%776.39%

3.2 Future

  • CNX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.43% yearly.
  • Based on estimates for the next years, CNX will show a small growth in Revenue. The Revenue will grow by 7.45% on average per year.
EPS Next Y11.59%
EPS Next 2Y28.35%
EPS Next 3Y25.08%
EPS Next 5Y10.43%
Revenue Next Year2.31%
Revenue Next 2Y6.64%
Revenue Next 3Y7.45%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past 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 decreasing.
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 2028 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 2029 0 1 2 3 4

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8

4. CNX Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 12.84 indicates a correct valuation of CNX.
  • 76.56% of the companies in the same industry are more expensive than CNX, based on the Price/Earnings ratio.
  • Compared to an average S&P500 Price/Earnings ratio of 26.64, CNX is valued rather cheaply.
  • The Price/Forward Earnings ratio is 9.12, which indicates a very decent valuation of CNX.
  • CNX's Price/Forward Earnings ratio is rather cheap when compared to the industry. CNX is cheaper than 86.12% of the companies in the same industry.
  • CNX is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.36, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 12.84
Fwd PE 9.12
CNX Price Earnings VS Forward Price EarningsCNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CNX indicates a somewhat cheap valuation: CNX is cheaper than 77.03% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, CNX is valued cheaper than 86.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.07
EV/EBITDA 5.89
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CNX may justify a higher PE ratio.
  • CNX's earnings are expected to grow with 25.08% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.11
PEG (5Y)0.62
EPS Next 2Y28.35%
EPS Next 3Y25.08%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CNX Dividend Analysis

5.1 Amount

  • CNX does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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CNX Fundamentals: All Metrics, Ratios and Statistics

CNX RESOURCES CORP

NYSE:CNX (5/1/2026, 6:30:00 PM)

After market: 37.88 0 (0%)

37.88

-1.03 (-2.65%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Industry Strength83.23
Industry Growth71.43
Earnings (Last)04-30
Earnings (Next)N/A
Inst Owners95.67%
Inst Owner Change0.01%
Ins Owners2.93%
Ins Owner Change0.77%
Market Cap5.38B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts49.52
Price Target38.95 (2.82%)
Short Float %14.18%
Short Ratio8.44
Dividend
Industry RankSector 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)71.19%
Min EPS beat(2)47.59%
Max EPS beat(2)94.78%
EPS beat(4)4
Avg EPS beat(4)48.36%
Min EPS beat(4)20.86%
Max EPS beat(4)94.78%
EPS beat(8)8
Avg EPS beat(8)38.57%
EPS beat(12)11
Avg EPS beat(12)37.6%
EPS beat(16)13
Avg EPS beat(16)29.79%
Revenue beat(2)2
Avg Revenue beat(2)33.45%
Min Revenue beat(2)26.28%
Max Revenue beat(2)40.63%
Revenue beat(4)3
Avg Revenue beat(4)21.7%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)4
Avg Revenue beat(8)-1.05%
Revenue beat(12)7
Avg Revenue beat(12)34.05%
Revenue beat(16)11
Avg Revenue beat(16)45.92%
PT rev (1m)1.6%
PT rev (3m)6.58%
EPS NQ rev (1m)6.08%
EPS NQ rev (3m)34.61%
EPS NY rev (1m)5.07%
EPS NY rev (3m)15.85%
Revenue NQ rev (1m)0.43%
Revenue NQ rev (3m)3.87%
Revenue NY rev (1m)-1.64%
Revenue NY rev (3m)0.89%
Valuation
Industry RankSector Rank
PE 12.84
Fwd PE 9.12
P/S 2.75
P/FCF 10.07
P/OCF 5.23
P/B 1.24
P/tB 1.36
EV/EBITDA 5.89
EPS(TTM)2.95
EY7.79%
EPS(NY)4.15
Fwd EY10.96%
FCF(TTM)3.76
FCFY9.93%
OCF(TTM)7.25
OCFY19.13%
SpS13.8
BVpS30.54
TBVpS27.86
PEG (NY)1.11
PEG (5Y)0.62
Graham Number45.0266 (18.87%)
Profitability
Industry RankSector Rank
ROA 6.96%
ROE 14.6%
ROCE 9.78%
ROIC 7.71%
ROICexc 7.71%
ROICexgc 8.1%
OM 39.79%
PM (TTM) 32.32%
GM 71.6%
FCFM 27.26%
ROA(3y)8.62%
ROA(5y)3.6%
ROE(3y)17.28%
ROE(5y)6.71%
ROIC(3y)4.26%
ROIC(5y)10.76%
ROICexc(3y)4.27%
ROICexc(5y)10.78%
ROICexgc(3y)4.49%
ROICexgc(5y)11.4%
ROCE(3y)5.41%
ROCE(5y)13.64%
ROICexgc growth 3Y-35.48%
ROICexgc growth 5YN/A
ROICexc growth 3Y-35.29%
ROICexc growth 5YN/A
OM growth 3Y-16.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.66%
GM growth 5Y5.42%
F-Score8
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Debt/EBITDA 1.65
Cap/Depr 86.22%
Cap/Sales 25.27%
Interest Coverage 5.04
Cash Conversion 76.01%
Profit Quality 84.33%
Current Ratio 0.44
Quick Ratio 0.41
Altman-Z 1.42
F-Score8
WACC7.91%
ROIC/WACC0.98
Cap/Depr(3y)118.05%
Cap/Depr(5y)113.45%
Cap/Sales(3y)39.34%
Cap/Sales(5y)30.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)39.15%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%55.13%
EPS Next Y11.59%
EPS Next 2Y28.35%
EPS Next 3Y25.08%
EPS Next 5Y10.43%
Revenue 1Y (TTM)57.29%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%776.39%
Revenue Next Year2.31%
Revenue Next 2Y6.64%
Revenue Next 3Y7.45%
Revenue Next 5YN/A
EBIT growth 1Y253.48%
EBIT growth 3Y-33.01%
EBIT growth 5YN/A
EBIT Next Year106.78%
EBIT Next 3Y38.62%
EBIT Next 5Y24.32%
FCF growth 1Y93.86%
FCF growth 3Y-7.25%
FCF growth 5Y11.65%
OCF growth 1Y26.13%
OCF growth 3Y-5.9%
OCF growth 5Y5.29%

CNX RESOURCES CORP / CNX Fundamental Analysis FAQ

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

ChartMill assigns a fundamental rating of 5 / 10 to CNX.


What is the valuation status of CNX RESOURCES CORP (CNX) stock?

ChartMill assigns a valuation rating of 8 / 10 to CNX RESOURCES CORP (CNX). This can be considered as Undervalued.


What is the profitability of CNX stock?

CNX RESOURCES CORP (CNX) has a profitability rating of 7 / 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 12.84 and the Price/Book (PB) ratio is 1.24.


How financially healthy is CNX RESOURCES CORP?

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