CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - NYSE:CNX - US12653C1080 - Common Stock
31.09 USD
+0.14 (+0.45%)
We assign a fundamental rating of 4 out of 10 to CNX. CNX was compared to 210 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
In the past year CNX was profitable.
CNX had a positive operating cash flow in the past year.
CNX had negative earnings in 4 of the past 5 years.
Each year in the past 5 years CNX had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 1.73%, CNX is doing worse than 60.00% of the companies in the same industry.
CNX has a Return On Equity (3.80%) which is comparable to the rest of the industry.
CNX has a Return On Invested Capital (5.80%) which is in line with its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 21.76%.
The 3 year average ROIC (10.96%) for CNX is well above the current ROIC(5.80%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.8% | ||
| ROIC | 5.8% |
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 (9.07%) which is comparable to the rest of the industry.
The Operating Margin of CNX (33.98%) is better than 81.43% of its industry peers.
In the last couple of years the Operating Margin of CNX has declined.
The Gross Margin of CNX (67.61%) is better than 75.71% of its industry peers.
CNX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 33.98% | ||
| PM (TTM) | 9.07% | ||
| GM | 67.61% |
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.
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
CNX has an Altman-Z score of 1.11. 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 (1.11) is comparable to the rest of the industry.
The Debt to FCF ratio of CNX is 5.59, which is a neutral value as it means it would take CNX, 5.59 years of fcf income to pay off all of its debts.
CNX has a Debt to FCF ratio of 5.59. This is in the better half of the industry: CNX outperforms 61.43% of its industry peers.
CNX has a Debt/Equity ratio of 0.56. This is a neutral value indicating CNX is somewhat dependend on debt financing.
The Debt to Equity ratio of CNX (0.56) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.59 | ||
| Altman-Z | 1.11 |
ROIC/WACC0.69
WACC8.34%
2.3 Liquidity
CNX has a Current Ratio of 0.33. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 0.33, CNX is doing worse than 91.43% of the companies in the same industry.
CNX has a Quick Ratio of 0.33. 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 0.30, CNX is not doing good in the industry: 91.43% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.87%, which is quite impressive.
Measured over the past years, CNX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.24% on average per year.
Looking at the last year, CNX shows a quite strong growth in Revenue. The Revenue has grown by 11.05% 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)27.87%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%61.11%
Revenue 1Y (TTM)11.05%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%199.41%
3.2 Future
The Earnings Per Share is expected to grow by 36.84% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 13.35% on average over the next years. This is quite good.
EPS Next Y26.11%
EPS Next 2Y27.49%
EPS Next 3Y36.84%
EPS Next 5YN/A
Revenue Next Year20.62%
Revenue Next 2Y14.71%
Revenue Next 3Y13.35%
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
A Price/Earnings ratio of 13.29 indicates a correct valuation of CNX.
Based on the Price/Earnings ratio, CNX is valued a bit cheaper than 60.48% of the companies in the same industry.
The average S&P500 Price/Earnings ratio is at 27.20. CNX is valued rather cheaply when compared to this.
A Price/Forward Earnings ratio of 10.69 indicates a reasonable valuation of CNX.
CNX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CNX is cheaper than 66.19% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.70, CNX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.29 | ||
| Fwd PE | 10.69 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than the industry average as 64.76% of the companies are valued more expensively.
CNX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CNX is cheaper than 79.05% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.32 | ||
| EV/EBITDA | 6.3 |
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.
CNX's earnings are expected to grow with 36.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.51
PEG (5Y)0.93
EPS Next 2Y27.49%
EPS Next 3Y36.84%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
NYSE:CNX (9/18/2025, 1:52:03 PM)
31.09
+0.14 (+0.45%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners106.14%
Inst Owner Change-6.87%
Ins Owners4.51%
Ins Owner Change0.25%
Market Cap4.40B
Analysts49.52
Price Target31.96 (2.8%)
Short Float %19.1%
Short Ratio13.4
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)25.54%
Min EPS beat(2)20.86%
Max EPS beat(2)30.22%
EPS beat(4)4
Avg EPS beat(4)30.52%
Min EPS beat(4)20.86%
Max EPS beat(4)48.69%
EPS beat(8)8
Avg EPS beat(8)38.33%
EPS beat(12)10
Avg EPS beat(12)26.6%
EPS beat(16)12
Avg EPS beat(16)26.04%
Revenue beat(2)1
Avg Revenue beat(2)9.96%
Min Revenue beat(2)-84.24%
Max Revenue beat(2)104.15%
Revenue beat(4)2
Avg Revenue beat(4)-10.26%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)3
Avg Revenue beat(8)7.59%
Revenue beat(12)7
Avg Revenue beat(12)43.2%
Revenue beat(16)11
Avg Revenue beat(16)48.05%
PT rev (1m)-2.08%
PT rev (3m)0.49%
EPS NQ rev (1m)-11.35%
EPS NQ rev (3m)-18.48%
EPS NY rev (1m)9.72%
EPS NY rev (3m)8.54%
Revenue NQ rev (1m)-6.75%
Revenue NQ rev (3m)-8.35%
Revenue NY rev (1m)9.88%
Revenue NY rev (3m)12.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.29 | ||
| Fwd PE | 10.69 | ||
| P/S | 2.56 | ||
| P/FCF | 9.32 | ||
| P/OCF | 4.69 | ||
| P/B | 1.07 | ||
| P/tB | 1.19 | ||
| EV/EBITDA | 6.3 |
EPS(TTM)2.34
EY7.53%
EPS(NY)2.91
Fwd EY9.36%
FCF(TTM)3.34
FCFY10.73%
OCF(TTM)6.63
OCFY21.31%
SpS12.13
BVpS28.94
TBVpS26.23
PEG (NY)0.51
PEG (5Y)0.93
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.8% | ||
| ROCE | 7.49% | ||
| ROIC | 5.8% | ||
| ROICexc | 5.8% | ||
| ROICexgc | 6.1% | ||
| OM | 33.98% | ||
| PM (TTM) | 9.07% | ||
| GM | 67.61% | ||
| FCFM | 27.49% |
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
ROICexcg growth 3Y-46.19%
ROICexcg 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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.59 | ||
| Debt/EBITDA | 2.07 | ||
| Cap/Depr | 87.91% | ||
| Cap/Sales | 27.11% | ||
| Interest Coverage | 4.03 | ||
| Cash Conversion | 84.24% | ||
| Profit Quality | 303% | ||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.11 |
F-Score6
WACC8.34%
ROIC/WACC0.69
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)27.87%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%61.11%
EPS Next Y26.11%
EPS Next 2Y27.49%
EPS Next 3Y36.84%
EPS Next 5YN/A
Revenue 1Y (TTM)11.05%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%199.41%
Revenue Next Year20.62%
Revenue Next 2Y14.71%
Revenue Next 3Y13.35%
Revenue Next 5YN/A
EBIT growth 1Y186.34%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year236.71%
EBIT Next 3Y61.79%
EBIT Next 5Y53.65%
FCF growth 1Y-1.97%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y-18.8%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%