CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

Current stock price

40.06 USD
+0.71 (+1.8%)
Last:

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

  • In the past year CNX was profitable.
  • CNX had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: CNX reported negative net income in multiple years.
  • Each year in the past 5 years CNX had a positive operating cash flow.
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's Return On Assets of 6.96% is fine compared to the rest of the industry. CNX outperforms 75.60% of its industry peers.
  • CNX has a better Return On Equity (14.60%) than 75.12% of its industry peers.
  • Looking at the Return On Invested Capital, with a value of 7.71%, CNX is in the better half of the industry, outperforming 71.29% 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 22.60%.
  • The last Return On Invested Capital (7.71%) for CNX is above the 3 year average (4.26%), which is a sign of increasing profitability.
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 Profit Margin of 32.32%. This is amongst the best in the industry. CNX outperforms 88.04% of its industry peers.
  • CNX has a better Operating Margin (39.79%) than 88.04% of its industry peers.
  • In the last couple of years the Operating Margin of CNX has declined.
  • With an excellent Gross Margin value of 71.60%, CNX belongs to the best of the industry, outperforming 81.82% of the companies in the same industry.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. CNX Health Analysis

2.1 Basic Checks

  • CNX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying 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.
  • CNX has a worse debt/assets ratio than last year.
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.
  • CNX has a Altman-Z score (1.42) which is comparable to the rest of the 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.
  • With a decent Debt to FCF ratio value of 4.59, CNX is doing good in the industry, outperforming 70.33% of the companies in the same industry.
  • CNX has a Debt/Equity ratio of 0.52. This is a neutral value indicating CNX is somewhat dependend on debt financing.
  • CNX has a Debt to Equity ratio (0.52) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.42
ROIC/WACC0.99
WACC7.83%
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

  • CNX has a Current 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.
  • The Current ratio of CNX (0.44) is worse than 86.60% of its industry peers.
  • A Quick Ratio of 0.41 indicates that CNX may have some problems paying its short term obligations.
  • CNX has a worse Quick ratio (0.41) than 86.12% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. CNX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 40.78% over the past year.
  • CNX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.55% yearly.
  • Looking at the last year, CNX shows a very strong growth in Revenue. The Revenue has grown by 23.54%.
  • 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)40.78%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%17.54%
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%

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 25.08% on average per year.
  • The Revenue is expected to grow by 6.84% on average over the next years.
EPS Next Y11.59%
EPS Next 2Y28.35%
EPS Next 3Y25.08%
EPS Next 5YN/A
Revenue Next Year3.06%
Revenue Next 2Y6.96%
Revenue Next 3Y6.84%
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 decreasing: in the next years the growth will be less than in the last years.
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 0 1 2 3 4

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Find the best growth stocksShow best growing peers

7

4. CNX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.90, the valuation of CNX can be described as correct.
  • CNX's Price/Earnings ratio is a bit cheaper when compared to the industry. CNX is cheaper than 63.64% of the companies in the same industry.
  • CNX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.38.
  • Based on the Price/Forward Earnings ratio of 14.25, the valuation of CNX can be described as correct.
  • Based on the Price/Forward Earnings ratio, CNX is valued a bit cheaper than the industry average as 62.68% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 38.20. CNX is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 15.9
Fwd PE 14.25
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

  • Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than 75.12% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, CNX is valued cheaply inside the industry as 83.73% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 10.65
EV/EBITDA 5.94
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • CNX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • CNX has a very decent profitability rating, which 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)1.37
PEG (5Y)0.77
EPS Next 2Y28.35%
EPS Next 3Y25.08%

More info and screens

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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Find the best dividend stocksShow peers with best dividend

CNX Fundamentals: All Metrics, Ratios and Statistics

CNX RESOURCES CORP

NYSE:CNX (4/16/2026, 12:56:57 PM)

40.06

+0.71 (+1.8%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-29
Earnings (Next)04-30
Inst Owners95.67%
Inst Owner Change0.02%
Ins Owners2.93%
Ins Owner Change0.77%
Market Cap5.69B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts49.52
Price Target37.74 (-5.79%)
Short Float %14.2%
Short Ratio7.94
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)7.47%
EPS NQ rev (1m)8%
EPS NQ rev (3m)23.95%
EPS NY rev (1m)5.07%
EPS NY rev (3m)8.56%
Revenue NQ rev (1m)-0.85%
Revenue NQ rev (3m)1.05%
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 15.9
Fwd PE 14.25
P/S 2.9
P/FCF 10.65
P/OCF 5.53
P/B 1.31
P/tB 1.44
EV/EBITDA 5.94
EPS(TTM)2.52
EY6.29%
EPS(NY)2.81
Fwd EY7.02%
FCF(TTM)3.76
FCFY9.39%
OCF(TTM)7.25
OCFY18.09%
SpS13.8
BVpS30.54
TBVpS27.86
PEG (NY)1.37
PEG (5Y)0.77
Graham Number41.6158 (3.88%)
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
WACC7.83%
ROIC/WACC0.99
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)40.78%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%17.54%
EPS Next Y11.59%
EPS Next 2Y28.35%
EPS Next 3Y25.08%
EPS Next 5YN/A
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%
Revenue Next Year3.06%
Revenue Next 2Y6.96%
Revenue Next 3Y6.84%
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 5YN/A
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 7 / 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 15.9 and the Price/Book (PB) ratio is 1.31.


How financially healthy is CNX RESOURCES CORP?

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