CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
36.99 USD
-0.74 (-1.96%)
36.99 USD
0 (0%)
Taking everything into account, CNX scores 4 out of 10 in our fundamental rating. CNX was compared to 210 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 has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
CNX had positive earnings in the past year.
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
CNX's Return On Assets of 3.28% is in line compared to the rest of the industry. CNX outperforms 50.95% of its industry peers.
With a Return On Equity value of 7.10%, CNX perfoms like the industry average, outperforming 49.05% of the companies in the same industry.
The Return On Invested Capital of CNX (6.71%) is better than 60.95% of its industry peers.
CNX had an Average Return On Invested Capital over the past 3 years of 10.96%. This is significantly below the industry average of 21.09%.
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 Profit Margin of 15.89%. This is in the better half of the industry: CNX outperforms 68.57% of its industry peers.
CNX has a Operating Margin of 36.96%. This is amongst the best in the industry. CNX outperforms 86.19% of its industry peers.
In the last couple of years the Operating Margin of CNX has declined.
CNX's Gross Margin of 70.08% is fine compared to the rest of the industry. CNX outperforms 79.52% of its industry peers.
In the last couple of years the Gross Margin of CNX has declined.
| 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
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.
CNX has about the same debt/assets ratio as last year.
2.2 Solvency
CNX has an Altman-Z score of 1.28. 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 (1.28) which is comparable to the rest of the industry.
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.
Looking at the Debt to FCF ratio, with a value of 4.54, CNX is in the better half of the industry, outperforming 67.62% of the companies in the same industry.
CNX has a Debt/Equity ratio of 0.55. This is a neutral value indicating CNX is somewhat dependend on debt financing.
CNX's Debt to Equity ratio of 0.55 is in line compared to the rest of the industry. CNX outperforms 44.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.28 |
ROIC/WACC0.81
WACC8.3%
2.3 Liquidity
A Current Ratio of 0.34 indicates that CNX may have some problems paying 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 89.05% 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 88.57% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.31 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 28.04% over the past year.
CNX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.24% yearly.
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
The Earnings Per Share is expected to grow by 27.27% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 13.21% on average over the next years. This is quite good.
EPS Next Y23.51%
EPS Next 2Y19.76%
EPS Next 3Y33.83%
EPS Next 5Y27.27%
Revenue Next Year26.99%
Revenue Next 2Y14.16%
Revenue Next 3Y13.21%
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 accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.29, 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.
When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (26.59), we can say CNX is valued slightly cheaper.
A Price/Forward Earnings ratio of 14.41 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.
The average S&P500 Price/Forward Earnings ratio is at 24.03. CNX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.29 | ||
| Fwd PE | 14.41 |
4.2 Price Multiples
67.62% of the companies in the same industry are more expensive than CNX, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, CNX is valued cheaply inside the industry as 80.95% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.68 | ||
| EV/EBITDA | 6.14 |
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 33.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.65
PEG (5Y)1.07
EPS Next 2Y19.76%
EPS Next 3Y33.83%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
36.99
-0.74 (-1.96%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners103.24%
Inst Owner Change-1.95%
Ins Owners2.76%
Ins Owner Change-0.02%
Market Cap4.99B
Revenue(TTM)1.84B
Net Income(TTM)292.29M
Analysts50.91
Price TargetN/A
Short Float %22.42%
Short Ratio15.76
Dividend
| Industry Rank | Sector 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)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)6.12%
PT rev (3m)7.6%
EPS NQ rev (1m)-1.84%
EPS NQ rev (3m)-19.12%
EPS NY rev (1m)1.16%
EPS NY rev (3m)-2.06%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-1.95%
Revenue NY rev (1m)3.87%
Revenue NY rev (3m)5.28%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.29 | ||
| Fwd PE | 14.41 | ||
| P/S | 2.71 | ||
| P/FCF | 8.68 | ||
| P/OCF | 4.98 | ||
| P/B | 1.21 | ||
| P/tB | 1.34 | ||
| EV/EBITDA | 6.14 |
EPS(TTM)2.42
EY6.54%
EPS(NY)2.57
Fwd EY6.94%
FCF(TTM)4.26
FCFY11.52%
OCF(TTM)7.42
OCFY20.06%
SpS13.64
BVpS30.52
TBVpS27.69
PEG (NY)0.65
PEG (5Y)1.07
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 | 1.28 |
F-Score6
WACC8.3%
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 Y23.51%
EPS Next 2Y19.76%
EPS Next 3Y33.83%
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 Year26.99%
Revenue Next 2Y14.16%
Revenue Next 3Y13.21%
Revenue Next 5YN/A
EBIT growth 1Y215.7%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year233.94%
EBIT Next 3Y61.51%
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 5 / 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 15.29 and the Price/Book (PB) ratio is 1.21.
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 23.51% in the next year.