CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
38.99 USD
-0.33 (-0.84%)
38.99 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CNX. CNX was compared to 209 industry peers in the Oil, Gas & Consumable Fuels industry. CNX has a medium profitability rating, but doesn't score so well on its financial health evaluation. 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.
In the past 5 years CNX reported 4 times negative net income.
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 3.28%, CNX is in line with its industry, outperforming 50.24% of the companies in the same industry.
Looking at the Return On Equity, with a value of 7.10%, CNX is in line with its industry, outperforming 48.80% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 6.71%, CNX is in line with its industry, outperforming 59.33% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 21.47%.
The last Return On Invested Capital (6.71%) 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 | 3.28% | ||
| 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 better Profit Margin (15.89%) than 67.46% of its industry peers.
With an excellent Operating Margin value of 36.96%, CNX belongs to the best of the industry, outperforming 86.12% of the companies in the same industry.
CNX's Operating Margin has declined in the last couple of years.
The Gross Margin of CNX (70.08%) is better than 79.43% of its industry peers.
CNX's Gross Margin has declined in the last couple of years.
| 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.
The number of shares outstanding for CNX has been reduced compared to 1 year ago.
CNX has less shares outstanding than it did 5 years ago.
The debt/assets ratio for CNX has remained at the same level compared to a year ago.
2.2 Solvency
Based on the Altman-Z score of 1.32, we must say that CNX is in the distress zone and has some risk of bankruptcy.
CNX's Altman-Z score of 1.32 is in line compared to the rest of the industry. CNX outperforms 51.20% of 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.
CNX has a Debt to FCF ratio of 4.54. This is in the better half of the industry: CNX outperforms 66.99% of its industry peers.
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 44.02% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.32 |
ROIC/WACC0.81
WACC8.33%
2.3 Liquidity
CNX has a Current 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's Current ratio of 0.34 is on the low side compared to the rest of the industry. CNX is outperformed by 90.91% 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.
The Quick ratio of CNX (0.31) is worse than 90.43% 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.
The Earnings Per Share has been growing by 14.24% on average over the past years. This is quite good.
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.
Based on estimates for the next years, CNX will show a quite strong growth in Revenue. The Revenue will grow by 12.93% on average per year.
EPS Next Y22.1%
EPS Next 2Y18.82%
EPS Next 3Y33.03%
EPS Next 5Y27.27%
Revenue Next Year22.26%
Revenue Next 2Y13.02%
Revenue Next 3Y12.93%
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
With a Price/Earnings ratio of 16.11, CNX is valued correctly.
Compared to the rest of the industry, the Price/Earnings ratio of CNX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 26.15, CNX is valued a bit cheaper.
A Price/Forward Earnings ratio of 15.43 indicates a correct valuation of CNX.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNX is on the same level as its industry peers.
CNX is valuated cheaply when we compare the Price/Forward Earnings ratio to 36.22, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 15.43 |
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 66.99% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, CNX is valued cheaply inside the industry as 80.38% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.15 | ||
| EV/EBITDA | 6.35 |
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.
CNX's earnings are expected to grow with 33.03% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.73
PEG (5Y)1.13
EPS Next 2Y18.82%
EPS Next 3Y33.03%
5. Dividend
5.1 Amount
CNX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
38.99
-0.33 (-0.84%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners100.93%
Inst Owner Change-1.96%
Ins Owners4.51%
Ins Owner Change-0.02%
Market Cap5.26B
Revenue(TTM)1.84B
Net Income(TTM)292.29M
Analysts50.91
Price Target32.86 (-15.72%)
Short Float %21.33%
Short Ratio15.04
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)38.9%
Min EPS beat(2)30.22%
Max EPS beat(2)47.59%
EPS beat(4)4
Avg EPS beat(4)36.84%
Min EPS beat(4)20.86%
Max EPS beat(4)48.69%
EPS beat(8)8
Avg EPS beat(8)43.17%
EPS beat(12)11
Avg EPS beat(12)44.64%
EPS beat(16)12
Avg EPS beat(16)21.22%
Revenue beat(2)2
Avg Revenue beat(2)65.22%
Min Revenue beat(2)26.28%
Max Revenue beat(2)104.15%
Revenue beat(4)2
Avg Revenue beat(4)-5.55%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)4
Avg Revenue beat(8)12.22%
Revenue beat(12)7
Avg Revenue beat(12)36.34%
Revenue beat(16)11
Avg Revenue beat(16)47.25%
PT rev (1m)3.15%
PT rev (3m)2.81%
EPS NQ rev (1m)-4.15%
EPS NQ rev (3m)-19.81%
EPS NY rev (1m)5.98%
EPS NY rev (3m)-3.18%
Revenue NQ rev (1m)-0.67%
Revenue NQ rev (3m)-2.47%
Revenue NY rev (1m)1.57%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.11 | ||
| Fwd PE | 15.43 | ||
| P/S | 2.86 | ||
| P/FCF | 9.15 | ||
| P/OCF | 5.25 | ||
| P/B | 1.28 | ||
| P/tB | 1.41 | ||
| EV/EBITDA | 6.35 |
EPS(TTM)2.42
EY6.21%
EPS(NY)2.53
Fwd EY6.48%
FCF(TTM)4.26
FCFY10.93%
OCF(TTM)7.42
OCFY19.04%
SpS13.64
BVpS30.52
TBVpS27.69
PEG (NY)0.73
PEG (5Y)1.13
Graham Number40.77
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.28% | ||
| ROE | 7.1% | ||
| ROCE | 8.67% | ||
| ROIC | 6.71% | ||
| ROICexc | 6.72% | ||
| ROICexgc | 7.06% | ||
| OM | 36.96% | ||
| PM (TTM) | 15.89% | ||
| GM | 70.08% | ||
| FCFM | 31.24% |
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
ROICexgc growth 3Y-46.19%
ROICexgc 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 Turnover0.21
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Debt/EBITDA | 1.84 | ||
| Cap/Depr | 76.45% | ||
| Cap/Sales | 23.16% | ||
| Interest Coverage | 4.45 | ||
| Cash Conversion | 80.89% | ||
| Profit Quality | 196.6% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 | ||
| Altman-Z | 1.32 |
F-Score6
WACC8.33%
ROIC/WACC0.81
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)28.04%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%19.51%
EPS Next Y22.1%
EPS Next 2Y18.82%
EPS Next 3Y33.03%
EPS Next 5Y27.27%
Revenue 1Y (TTM)17.47%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%37.63%
Revenue Next Year22.26%
Revenue Next 2Y13.02%
Revenue Next 3Y12.93%
Revenue Next 5YN/A
EBIT growth 1Y215.7%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year234.77%
EBIT Next 3Y61.72%
EBIT Next 5Y46.63%
FCF growth 1Y63.78%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y-8.67%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%
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.
What is the valuation status for CNX stock?
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 4 / 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 16.11 and the Price/Book (PB) ratio is 1.28.
Can you provide the expected EPS growth for CNX stock?
The Earnings per Share (EPS) of CNX RESOURCES CORP (CNX) is expected to grow by 22.1% in the next year.