CNX RESOURCES CORP (CNX)
US12653C1080 - Common Stock
CNX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 205 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 valued expensive and it does not seem to be growing.
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
Looking at the Return On Assets, with a value of 6.73%, CNX is in line with its industry, outperforming 59.80% of the companies in the same industry.
CNX has a Return On Equity of 13.51%. This is comparable to the rest of the industry: CNX outperforms 59.31% of its industry peers.
The Return On Invested Capital of CNX (2.18%) is worse than 75.98% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 29.03%.
The 3 year average ROIC (14.43%) for CNX is well above the current ROIC(2.18%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.73% | ||
| ROE | 13.51% | ||
| ROIC | 2.18% |
ROA(3y)4.04%
ROA(5y)1.04%
ROE(3y)7.06%
ROE(5y)1.66%
ROIC(3y)14.43%
ROIC(5y)N/A
1.3 Margins
The Profit Margin of CNX (36.72%) is better than 87.25% of its industry peers.
In the last couple of years the Profit Margin of CNX has grown nicely.
CNX has a Operating Margin (13.75%) which is in line with its industry peers.
CNX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 56.21%, CNX is in the better half of the industry, outperforming 63.24% 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 | 13.75% | ||
| PM (TTM) | 36.72% | ||
| GM | 56.21% |
OM growth 3YN/A
OM growth 5Y-20.13%
PM growth 3YN/A
PM growth 5Y22.17%
GM growth 3Y3.01%
GM growth 5Y-3.39%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CNX is creating value.
CNX has less shares outstanding than it did 1 year ago.
CNX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CNX has an improved debt to assets ratio.
2.2 Solvency
CNX has an Altman-Z score of 1.26. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
CNX has a Altman-Z score (1.26) which is in line with its industry peers.
CNX has a debt to FCF ratio of 13.88. This is a negative value and a sign of low solvency as CNX would need 13.88 years to pay back of all of its debts.
With a Debt to FCF ratio value of 13.88, CNX perfoms like the industry average, outperforming 41.18% of the companies in the same industry.
A Debt/Equity ratio of 0.46 indicates that CNX is not too dependend on debt financing.
The Debt to Equity ratio of CNX (0.46) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 13.88 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.27
WACC7.99%
2.3 Liquidity
A Current Ratio of 0.37 indicates that CNX may have some problems paying its short term obligations.
CNX's Current ratio of 0.37 is on the low side compared to the rest of the industry. CNX is outperformed by 92.65% of its industry peers.
CNX has a Quick Ratio of 0.37. 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 worse Quick ratio (0.36) than 90.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.36 |
3. Growth
3.1 Past
CNX shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -33.45%.
CNX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.58% yearly.
CNX shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -33.53%.
Measured over the past years, CNX shows a decrease in Revenue. The Revenue has been decreasing by -4.51% on average per year.
EPS 1Y (TTM)-33.45%
EPS 3Y23.61%
EPS 5Y6.58%
EPS Q2Q%17.14%
Revenue 1Y (TTM)-33.53%
Revenue growth 3Y11.15%
Revenue growth 5Y-4.51%
Sales Q2Q%21.03%
3.2 Future
The Earnings Per Share is expected to grow by 14.72% on average over the next years. This is quite good.
Based on estimates for the next years, CNX will show a decrease in Revenue. The Revenue will decrease by -4.42% on average per year.
EPS Next Y-15.8%
EPS Next 2Y3.3%
EPS Next 3Y14.72%
EPS Next 5YN/A
Revenue Next Year-33.57%
Revenue Next 2Y-10.53%
Revenue Next 3Y-4.42%
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 stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 19.18, which indicates a rather expensive current valuation of CNX.
63.24% of the companies in the same industry are cheaper than CNX, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (27.20), we can say CNX is valued slightly cheaper.
A Price/Forward Earnings ratio of 18.17 indicates a rather expensive valuation of CNX.
CNX's Price/Forward Earnings ratio is a bit more expensive when compared to the industry. CNX is more expensive than 60.29% of the companies in the same industry.
CNX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.73, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.18 | ||
| Fwd PE | 18.17 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CNX indicates a slightly more expensive valuation: CNX is more expensive than 64.71% of the companies listed in the same industry.
CNX's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 32.69 | ||
| EV/EBITDA | 11.24 |
4.3 Compensation for Growth
CNX's earnings are expected to grow with 14.72% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)2.92
EPS Next 2Y3.3%
EPS Next 3Y14.72%
5. Dividend
5.1 Amount
CNX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CNX RESOURCES CORP
NYSE:CNX (12/20/2024, 8:04:00 PM)
After market: 36.25 0 (0%)36.25
+0.91 (+2.57%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners113.61%
Inst Owner Change7.02%
Ins Owners4.13%
Ins Owner Change-0.02%
Market Cap5.41B
Analysts48
Price Target30.6 (-15.59%)
Short Float %20.12%
Short Ratio12.32
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/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)25.66%
Min EPS beat(2)22.31%
Max EPS beat(2)29%
EPS beat(4)4
Avg EPS beat(4)49.5%
Min EPS beat(4)15.13%
Max EPS beat(4)131.57%
EPS beat(8)7
Avg EPS beat(8)48.54%
EPS beat(12)8
Avg EPS beat(12)16.02%
EPS beat(16)11
Avg EPS beat(16)22.74%
Revenue beat(2)1
Avg Revenue beat(2)-3.64%
Min Revenue beat(2)-14.71%
Max Revenue beat(2)7.42%
Revenue beat(4)2
Avg Revenue beat(4)29.99%
Min Revenue beat(4)-19.55%
Max Revenue beat(4)146.79%
Revenue beat(8)5
Avg Revenue beat(8)57.28%
Revenue beat(12)9
Avg Revenue beat(12)64.85%
Revenue beat(16)11
Avg Revenue beat(16)49.81%
PT rev (1m)7.53%
PT rev (3m)13.45%
EPS NQ rev (1m)0.8%
EPS NQ rev (3m)6.37%
EPS NY rev (1m)0.85%
EPS NY rev (3m)9.73%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)0.36%
Revenue NY rev (1m)0.32%
Revenue NY rev (3m)1.27%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.18 | ||
| Fwd PE | 18.17 | ||
| P/S | 3.46 | ||
| P/FCF | 32.69 | ||
| P/OCF | 7.64 | ||
| P/B | 1.27 | ||
| P/tB | 1.4 | ||
| EV/EBITDA | 11.24 |
EPS(TTM)1.89
EY5.21%
EPS(NY)2
Fwd EY5.5%
FCF(TTM)1.11
FCFY3.06%
OCF(TTM)4.74
OCFY13.09%
SpS10.49
BVpS28.52
TBVpS25.91
PEG (NY)N/A
PEG (5Y)2.92
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.73% | ||
| ROE | 13.51% | ||
| ROCE | 2.82% | ||
| ROIC | 2.18% | ||
| ROICexc | 2.18% | ||
| ROICexgc | 2.3% | ||
| OM | 13.75% | ||
| PM (TTM) | 36.72% | ||
| GM | 56.21% | ||
| FCFM | 10.57% |
ROA(3y)4.04%
ROA(5y)1.04%
ROE(3y)7.06%
ROE(5y)1.66%
ROIC(3y)14.43%
ROIC(5y)N/A
ROICexc(3y)14.46%
ROICexc(5y)N/A
ROICexgc(3y)15.31%
ROICexgc(5y)N/A
ROCE(3y)18.64%
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5Y-24.27%
ROICexc growth 3YN/A
ROICexc growth 5Y-23.25%
OM growth 3YN/A
OM growth 5Y-20.13%
PM growth 3YN/A
PM growth 5Y22.17%
GM growth 3Y3.01%
GM growth 5Y-3.39%
F-Score5
Asset Turnover0.18
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.46 | ||
| Debt/FCF | 13.88 | ||
| Debt/EBITDA | 2.87 | ||
| Cap/Depr | 115.38% | ||
| Cap/Sales | 34.65% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 103.29% | ||
| Profit Quality | 28.79% | ||
| Current Ratio | 0.37 | ||
| Quick Ratio | 0.36 | ||
| Altman-Z | 1.26 |
F-Score5
WACC7.99%
ROIC/WACC0.27
Cap/Depr(3y)123.27%
Cap/Depr(5y)140.29%
Cap/Sales(3y)28.17%
Cap/Sales(5y)42.18%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-33.45%
EPS 3Y23.61%
EPS 5Y6.58%
EPS Q2Q%17.14%
EPS Next Y-15.8%
EPS Next 2Y3.3%
EPS Next 3Y14.72%
EPS Next 5YN/A
Revenue 1Y (TTM)-33.53%
Revenue growth 3Y11.15%
Revenue growth 5Y-4.51%
Sales Q2Q%21.03%
Revenue Next Year-33.57%
Revenue Next 2Y-10.53%
Revenue Next 3Y-4.42%
Revenue Next 5YN/A
EBIT growth 1Y-76.62%
EBIT growth 3YN/A
EBIT growth 5Y-23.73%
EBIT Next Year6.57%
EBIT Next 3Y9.02%
EBIT Next 5Y13.52%
FCF growth 1Y-69.15%
FCF growth 3Y-23.99%
FCF growth 5YN/A
OCF growth 1Y-32.29%
OCF growth 3Y0.81%
OCF growth 5Y-1.66%