CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:CNX - US12653C1080 - Common Stock
40.16 USD
-0.57 (-1.4%)
40.17 USD
+0.01 (+0.02%)
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. There are concerns on the financial health of CNX while its profitability can be described as average. CNX has a decent growth rate and is not valued too expensively.
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.
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
CNX has a Return On Assets of 3.28%. This is comparable to the rest of the industry: CNX outperforms 50.72% of its industry peers.
CNX has a Return On Equity of 7.10%. This is comparable to the rest of the industry: CNX outperforms 49.28% of its industry peers.
CNX has a Return On Invested Capital (6.71%) which is in line with its industry peers.
The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 20.87%.
The 3 year average ROIC (10.96%) for CNX is well above the current ROIC(6.71%). The reason for the recent decline needs to be investigated.
| 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
With a decent Profit Margin value of 15.89%, CNX is doing good in the industry, outperforming 68.42% of the companies in the same industry.
The Operating Margin of CNX (36.96%) is better than 86.12% of its industry peers.
CNX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 70.08%, CNX is in the better half of the industry, outperforming 79.43% of the companies in the same industry.
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
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CNX is still creating some value.
The number of shares outstanding for CNX has been reduced compared to 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 about the same debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.34, we must say that CNX is in the distress zone and has some risk of bankruptcy.
CNX has a Altman-Z score (1.34) 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.
The Debt to FCF ratio of CNX (4.54) is better than 67.46% 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.
With a Debt to Equity ratio value of 0.55, CNX perfoms like the industry average, outperforming 44.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.55 | ||
| Debt/FCF | 4.54 | ||
| Altman-Z | 1.34 |
ROIC/WACC0.81
WACC8.3%
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.
With a Current ratio value of 0.34, CNX is not doing good in the industry: 90.91% of the companies in the same industry are doing better.
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.
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 quite a strong growth in Revenue. In the last year, the Revenue has grown by 17.47%.
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
CNX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 27.27% yearly.
Based on estimates for the next years, CNX will show a quite strong growth in Revenue. The Revenue will grow by 13.21% on average per year.
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
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.
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
CNX is valuated correctly with a Price/Earnings ratio of 16.60.
CNX's Price/Earnings ratio is in line with the industry average.
CNX's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.28.
With a Price/Forward Earnings ratio of 15.64, CNX is valued correctly.
The rest of the industry has a similar Price/Forward Earnings ratio as CNX.
The average S&P500 Price/Forward Earnings ratio is at 23.52. CNX is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.6 | ||
| Fwd PE | 15.64 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than 66.51% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CNX indicates a somewhat cheap valuation: CNX is cheaper than 79.43% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.42 | ||
| EV/EBITDA | 6.48 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as CNX's earnings are expected to grow with 33.83% in the coming years.
PEG (NY)0.71
PEG (5Y)1.17
EPS Next 2Y19.76%
EPS Next 3Y33.83%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
40.16
-0.57 (-1.4%)
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 Cap5.41B
Revenue(TTM)1.84B
Net Income(TTM)292.29M
Analysts50.91
Price Target34.39 (-14.37%)
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)6.12%
PT rev (3m)7.6%
EPS NQ rev (1m)-3.97%
EPS NQ rev (3m)-21.21%
EPS NY rev (1m)1.16%
EPS NY rev (3m)-2.06%
Revenue NQ rev (1m)-0.95%
Revenue NQ rev (3m)-1.95%
Revenue NY rev (1m)3.87%
Revenue NY rev (3m)4.9%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 16.6 | ||
| Fwd PE | 15.64 | ||
| P/S | 2.94 | ||
| P/FCF | 9.42 | ||
| P/OCF | 5.41 | ||
| P/B | 1.32 | ||
| P/tB | 1.45 | ||
| EV/EBITDA | 6.48 |
EPS(TTM)2.42
EY6.03%
EPS(NY)2.57
Fwd EY6.39%
FCF(TTM)4.26
FCFY10.61%
OCF(TTM)7.42
OCFY18.48%
SpS13.64
BVpS30.52
TBVpS27.69
PEG (NY)0.71
PEG (5Y)1.17
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 | 1.34 |
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 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 16.6 and the Price/Book (PB) ratio is 1.32.
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.