CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

Current stock price

38.67 USD
-1.09 (-2.74%)
At close:
38.67 USD
0 (0%)
After Hours:

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

  • CNX had positive earnings in the past year.
  • In the past year CNX had a positive cash flow from operations.
  • The reported net income has been mixed in the past 5 years: CNX reported negative net income in multiple years.
  • CNX had a positive operating cash flow in each of the past 5 years.
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

  • With a decent Return On Assets value of 6.96%, CNX is doing good in the industry, outperforming 75.60% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 14.60%, CNX is in the better half of the industry, outperforming 75.12% of the companies in the same industry.
  • CNX has a better Return On Invested Capital (7.71%) than 71.29% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 22.60%.
  • The 3 year average ROIC (4.26%) for CNX is below the current ROIC(7.71%), indicating increased profibility in the last year.
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

  • Looking at the Profit Margin, with a value of 32.32%, CNX belongs to the top of the industry, outperforming 88.04% of the companies in the same industry.
  • The Operating Margin of CNX (39.79%) is better than 88.04% of its industry peers.
  • In the last couple of years the Operating Margin of CNX has declined.
  • CNX has a Gross Margin of 71.60%. This is amongst the best in the industry. CNX outperforms 81.82% of its industry peers.
  • In the last couple of years the Gross Margin of CNX has grown nicely.
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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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.
  • CNX has less shares outstanding than it did 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 a worse debt to assets ratio.
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 1.41. 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 1.41 is in line compared to the rest of the industry. CNX outperforms 51.20% of its industry peers.
  • The Debt to FCF ratio of CNX is 4.59, which is a neutral value as it means it would take CNX, 4.59 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of CNX (4.59) is better than 70.33% of its industry peers.
  • A Debt/Equity ratio of 0.52 indicates that CNX is somewhat dependend on debt financing.
  • The Debt to Equity ratio of CNX (0.52) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.41
ROIC/WACC0.99
WACC7.82%
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

  • A Current Ratio of 0.44 indicates that CNX may have some problems paying its short term obligations.
  • CNX has a Current ratio of 0.44. This is amonst the worse of the industry: CNX underperforms 86.60% of its industry peers.
  • A Quick Ratio of 0.41 indicates that CNX may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.41, CNX is doing worse than 86.12% of the companies in the same industry.
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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7

3. CNX Growth Analysis

3.1 Past

  • CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.78%, which is quite impressive.
  • CNX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 20.55% yearly.
  • CNX shows a strong growth in Revenue. In the last year, the Revenue has grown by 23.54%.
  • CNX shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 14.34% yearly.
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

  • The Earnings Per Share is expected to grow by 25.08% on average over the next years. This is a very strong growth
  • CNX is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 7.45% yearly.
EPS Next Y11.59%
EPS Next 2Y28.35%
EPS Next 3Y25.08%
EPS Next 5YN/A
Revenue Next Year2.31%
Revenue Next 2Y6.64%
Revenue Next 3Y7.45%
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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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 15.35, the valuation of CNX can be described as correct.
  • Based on the Price/Earnings ratio, CNX is valued a bit cheaper than 63.16% of the companies in the same industry.
  • CNX is valuated rather cheaply when we compare the Price/Earnings ratio to 27.87, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 13.75, 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 62.20% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 38.51, CNX is valued rather cheaply.
Industry RankSector Rank
PE 15.35
Fwd PE 13.75
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 74.16% of the companies in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of CNX indicates a rather cheap valuation: CNX is cheaper than 82.30% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 10.28
EV/EBITDA 5.87
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of CNX 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)1.32
PEG (5Y)0.75
EPS Next 2Y28.35%
EPS Next 3Y25.08%

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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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CNX Fundamentals: All Metrics, Ratios and Statistics

CNX RESOURCES CORP

NYSE:CNX (4/17/2026, 8:04:00 PM)

After market: 38.67 0 (0%)

38.67

-1.09 (-2.74%)

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 Change-0.01%
Ins Owners2.93%
Ins Owner Change0.77%
Market Cap5.49B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts49.52
Price Target37.74 (-2.4%)
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)6.58%
EPS NQ rev (1m)8.27%
EPS NQ rev (3m)27.56%
EPS NY rev (1m)5.07%
EPS NY rev (3m)8.56%
Revenue NQ rev (1m)0.46%
Revenue NQ rev (3m)2.81%
Revenue NY rev (1m)-1.64%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 15.35
Fwd PE 13.75
P/S 2.8
P/FCF 10.28
P/OCF 5.34
P/B 1.27
P/tB 1.39
EV/EBITDA 5.87
EPS(TTM)2.52
EY6.52%
EPS(NY)2.81
Fwd EY7.27%
FCF(TTM)3.76
FCFY9.72%
OCF(TTM)7.25
OCFY18.74%
SpS13.8
BVpS30.54
TBVpS27.86
PEG (NY)1.32
PEG (5Y)0.75
Graham Number41.6158 (7.62%)
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 1.41
F-Score8
WACC7.82%
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 Year2.31%
Revenue Next 2Y6.64%
Revenue Next 3Y7.45%
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 15.35 and the Price/Book (PB) ratio is 1.27.


How financially healthy is CNX RESOURCES CORP?

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