CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
NYSE:CNX - New York Stock Exchange, Inc. - US12653C1080 - Common Stock - Currency: USD
CNX gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 211 industry peers in the Oil, Gas & Consumable Fuels industry. CNX has a bad profitability rating. Also its financial health evaluation is rather negative. CNX has a correct valuation and a medium growth rate.
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
CNX's Return On Assets of -3.19% is on the low side compared to the rest of the industry. CNX is outperformed by 75.83% of its industry peers.
CNX's Return On Equity of -7.64% is on the low side compared to the rest of the industry. CNX is outperformed by 72.04% of its industry peers.
Looking at the Return On Invested Capital, with a value of 4.68%, CNX is doing worse than 60.19% of the companies in the same industry.
CNX had an Average Return On Invested Capital over the past 3 years of 10.96%. This is significantly below the industry average of 23.70%.
The last Return On Invested Capital (4.68%) for CNX is well below the 3 year average (10.96%), which needs to be investigated, but indicates that CNX had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.19% | ||
| ROE | -7.64% | ||
| ROIC | 4.68% |
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
Looking at the Operating Margin, with a value of 24.97%, CNX is in line with its industry, outperforming 58.29% of the companies in the same industry.
CNX's Operating Margin has declined in the last couple of years.
The Gross Margin of CNX (62.52%) is better than 71.09% of its industry peers.
In the last couple of years the Gross Margin of CNX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.97% | ||
| PM (TTM) | N/A | ||
| GM | 62.52% |
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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CNX is creating some 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 about the same debt to assets ratio.
2.2 Solvency
CNX has an Altman-Z score of 0.96. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
CNX's Altman-Z score of 0.96 is in line compared to the rest of the industry. CNX outperforms 43.13% of its industry peers.
The Debt to FCF ratio of CNX is 7.90, which is on the high side as it means it would take CNX, 7.90 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of CNX (7.90) is comparable to the rest of the industry.
CNX has a Debt/Equity ratio of 0.63. This is a neutral value indicating CNX is somewhat dependend on debt financing.
CNX has a Debt to Equity ratio of 0.63. This is comparable to the rest of the industry: CNX outperforms 41.23% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 7.9 | ||
| Altman-Z | 0.96 |
ROIC/WACC0.52
WACC8.99%
2.3 Liquidity
A Current Ratio of 0.27 indicates that CNX may have some problems paying its short term obligations.
Looking at the Current ratio, with a value of 0.27, CNX is doing worse than 93.36% of the companies in the same industry.
CNX has a Quick Ratio of 0.27. 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 0.25. This is amonst the worse of the industry: CNX underperforms 92.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.25 |
3. Growth
3.1 Past
CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 19.77%, which is quite good.
CNX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.24% yearly.
CNX shows a small growth in Revenue. In the last year, the Revenue has grown by 5.33%.
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)19.77%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%73.33%
Revenue 1Y (TTM)5.33%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-75.79%
3.2 Future
The Earnings Per Share is expected to grow by 36.98% on average over the next years. This is a very strong growth
CNX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 12.40% yearly.
EPS Next Y14.6%
EPS Next 2Y30.98%
EPS Next 3Y36.98%
EPS Next 5YN/A
Revenue Next Year6.75%
Revenue Next 2Y15.32%
Revenue Next 3Y12.4%
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
CNX is valuated correctly with a Price/Earnings ratio of 15.10.
CNX's Price/Earnings is on the same level as the industry average.
The average S&P500 Price/Earnings ratio is at 27.45. CNX is valued slightly cheaper when compared to this.
With a Price/Forward Earnings ratio of 10.43, the valuation of CNX can be described as very reasonable.
64.93% of the companies in the same industry are more expensive than CNX, based on the Price/Forward Earnings ratio.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.90, CNX is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.1 | ||
| Fwd PE | 10.43 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CNX.
Based on the Price/Free Cash Flow ratio, CNX is valued a bit cheaper than 64.93% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 13.52 | ||
| EV/EBITDA | 7.76 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
A more expensive valuation may be justified as CNX's earnings are expected to grow with 36.98% in the coming years.
PEG (NY)1.03
PEG (5Y)1.06
EPS Next 2Y30.98%
EPS Next 3Y36.98%
5. Dividend
5.1 Amount
CNX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.02
-0.39 (-1.2%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners104.37%
Inst Owner Change-3.4%
Ins Owners4.41%
Ins Owner Change-4.14%
Market Cap4.63B
Analysts49
Price Target31.71 (-0.97%)
Short Float %18.98%
Short Ratio11.94
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)34.78%
Min EPS beat(2)20.86%
Max EPS beat(2)48.69%
EPS beat(4)4
Avg EPS beat(4)30.22%
Min EPS beat(4)20.86%
Max EPS beat(4)48.69%
EPS beat(8)7
Avg EPS beat(8)34.09%
EPS beat(12)9
Avg EPS beat(12)22.33%
EPS beat(16)11
Avg EPS beat(16)22.59%
Revenue beat(2)0
Avg Revenue beat(2)-76.31%
Min Revenue beat(2)-84.24%
Max Revenue beat(2)-68.37%
Revenue beat(4)1
Avg Revenue beat(4)-39.98%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)7.42%
Revenue beat(8)3
Avg Revenue beat(8)7.88%
Revenue beat(12)7
Avg Revenue beat(12)42.99%
Revenue beat(16)10
Avg Revenue beat(16)41.4%
PT rev (1m)1.94%
PT rev (3m)0.29%
EPS NQ rev (1m)-4.96%
EPS NQ rev (3m)-2.92%
EPS NY rev (1m)-1.37%
EPS NY rev (3m)-3.76%
Revenue NQ rev (1m)-0.18%
Revenue NQ rev (3m)-5.14%
Revenue NY rev (1m)-3.92%
Revenue NY rev (3m)-14.32%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.1 | ||
| Fwd PE | 10.43 | ||
| P/S | 2.56 | ||
| P/FCF | 13.52 | ||
| P/OCF | 5.48 | ||
| P/B | 1.23 | ||
| P/tB | 1.37 | ||
| EV/EBITDA | 7.76 |
EPS(TTM)2.12
EY6.62%
EPS(NY)3.07
Fwd EY9.59%
FCF(TTM)2.37
FCFY7.4%
OCF(TTM)5.85
OCFY18.26%
SpS12.49
BVpS26.06
TBVpS23.39
PEG (NY)1.03
PEG (5Y)1.06
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -3.19% | ||
| ROE | -7.64% | ||
| ROCE | 6.05% | ||
| ROIC | 4.68% | ||
| ROICexc | 4.68% | ||
| ROICexgc | 4.94% | ||
| OM | 24.97% | ||
| PM (TTM) | N/A | ||
| GM | 62.52% | ||
| FCFM | 18.96% |
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-Score5
Asset Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.63 | ||
| Debt/FCF | 7.9 | ||
| Debt/EBITDA | 2.51 | ||
| Cap/Depr | 101.91% | ||
| Cap/Sales | 27.85% | ||
| Interest Coverage | 3.2 | ||
| Cash Conversion | 89.51% | ||
| Profit Quality | N/A | ||
| Current Ratio | 0.27 | ||
| Quick Ratio | 0.25 | ||
| Altman-Z | 0.96 |
F-Score5
WACC8.99%
ROIC/WACC0.52
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)19.77%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%73.33%
EPS Next Y14.6%
EPS Next 2Y30.98%
EPS Next 3Y36.98%
EPS Next 5YN/A
Revenue 1Y (TTM)5.33%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-75.79%
Revenue Next Year6.75%
Revenue Next 2Y15.32%
Revenue Next 3Y12.4%
Revenue Next 5YN/A
EBIT growth 1Y25.13%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year230.35%
EBIT Next 3Y61.69%
EBIT Next 5Y53.38%
FCF growth 1Y-35.8%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y-26.23%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%