CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
NYSE:CNX - US12653C1080 - Common Stock
29.2 USD
-0.05 (-0.17%)
29.2 USD
0 (0%)
Overall CNX gets a fundamental rating of 4 out of 10. We evaluated CNX against 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 scores decently on growth, while it is valued quite cheap. This could make an interesting combination.
1. Profitability
1.1 Basic Checks
CNX had positive earnings in the past year.
CNX had a positive operating cash flow in the past year.
CNX had negative earnings in 4 of the past 5 years.
Each year in the past 5 years CNX had a positive operating cash flow.
1.2 Ratios
CNX has a Return On Assets (1.73%) which is in line with its industry peers.
CNX's Return On Equity of 3.80% is in line compared to the rest of the industry. CNX outperforms 41.15% of its industry peers.
CNX has a Return On Invested Capital (5.80%) which is comparable to the rest of the industry.
Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 21.91%.
The 3 year average ROIC (10.96%) for CNX is well above the current ROIC(5.80%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.8% | ||
| ROIC | 5.8% |
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 9.07%. This is comparable to the rest of the industry: CNX outperforms 52.63% of its industry peers.
With an excellent Operating Margin value of 33.98%, CNX belongs to the best of the industry, outperforming 80.86% of the companies in the same industry.
CNX's Operating Margin has declined in the last couple of years.
Looking at the Gross Margin, with a value of 67.61%, CNX is in the better half of the industry, outperforming 75.60% 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 | 33.98% | ||
| PM (TTM) | 9.07% | ||
| GM | 67.61% |
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.
Compared to 1 year ago, CNX has less shares outstanding
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
CNX has an Altman-Z score of 1.08. 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 (1.08) which is comparable to the rest of the industry.
The Debt to FCF ratio of CNX is 5.59, which is a neutral value as it means it would take CNX, 5.59 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 5.59, CNX is in the better half of the industry, outperforming 61.72% of the companies in the same industry.
CNX has a Debt/Equity ratio of 0.56. This is a neutral value indicating CNX is somewhat dependend on debt financing.
Looking at the Debt to Equity ratio, with a value of 0.56, CNX is in line with its industry, outperforming 44.50% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.59 | ||
| Altman-Z | 1.08 |
ROIC/WACC0.66
WACC8.84%
2.3 Liquidity
A Current Ratio of 0.33 indicates that CNX may have some problems paying its short term obligations.
CNX has a Current ratio of 0.33. This is amonst the worse of the industry: CNX underperforms 91.87% of its industry peers.
A Quick Ratio of 0.30 indicates that CNX may have some problems paying its short term obligations.
CNX's Quick ratio of 0.30 is on the low side compared to the rest of the industry. CNX is outperformed by 91.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.3 |
3. Growth
3.1 Past
CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 27.87%, which is quite impressive.
Measured over the past years, CNX shows a quite strong growth in Earnings Per Share. The EPS has been growing by 14.24% on average per year.
Looking at the last year, CNX shows a quite strong growth in Revenue. The Revenue has grown by 11.05% in the last year.
The Revenue has been decreasing by -4.06% on average over the past years.
EPS 1Y (TTM)27.87%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%61.11%
Revenue 1Y (TTM)11.05%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%199.41%
3.2 Future
CNX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 36.84% yearly.
The Revenue is expected to grow by 13.53% on average over the next years. This is quite good.
EPS Next Y26.11%
EPS Next 2Y27.49%
EPS Next 3Y36.84%
EPS Next 5YN/A
Revenue Next Year21.06%
Revenue Next 2Y15.86%
Revenue Next 3Y13.53%
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
With a Price/Earnings ratio of 12.48, CNX is valued correctly.
Based on the Price/Earnings ratio, CNX is valued a bit cheaper than 63.64% of the companies in the same industry.
CNX is valuated cheaply when we compare the Price/Earnings ratio to 27.13, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 10.04, which indicates a very decent valuation of CNX.
CNX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CNX is cheaper than 69.86% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 22.76. CNX is valued rather cheaply when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.48 | ||
| Fwd PE | 10.04 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than the industry average as 65.07% of the companies are valued more expensively.
CNX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CNX is cheaper than 80.38% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.75 | ||
| EV/EBITDA | 6.08 |
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.
CNX's earnings are expected to grow with 36.84% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.48
PEG (5Y)0.88
EPS Next 2Y27.49%
EPS Next 3Y36.84%
5. Dividend
5.1 Amount
CNX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
29.2
-0.05 (-0.17%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners106.14%
Inst Owner Change-6.87%
Ins Owners4.51%
Ins Owner Change0.26%
Market Cap4.13B
Analysts49.52
Price Target31.96 (9.45%)
Short Float %18.06%
Short Ratio11.32
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)25.54%
Min EPS beat(2)20.86%
Max EPS beat(2)30.22%
EPS beat(4)4
Avg EPS beat(4)30.52%
Min EPS beat(4)20.86%
Max EPS beat(4)48.69%
EPS beat(8)8
Avg EPS beat(8)38.33%
EPS beat(12)10
Avg EPS beat(12)26.6%
EPS beat(16)12
Avg EPS beat(16)26.04%
Revenue beat(2)1
Avg Revenue beat(2)9.96%
Min Revenue beat(2)-84.24%
Max Revenue beat(2)104.15%
Revenue beat(4)2
Avg Revenue beat(4)-10.26%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)3
Avg Revenue beat(8)7.59%
Revenue beat(12)7
Avg Revenue beat(12)43.2%
Revenue beat(16)11
Avg Revenue beat(16)48.05%
PT rev (1m)-1.05%
PT rev (3m)2.73%
EPS NQ rev (1m)-11.13%
EPS NQ rev (3m)-14.17%
EPS NY rev (1m)9.72%
EPS NY rev (3m)8.54%
Revenue NQ rev (1m)-5.74%
Revenue NQ rev (3m)-8.86%
Revenue NY rev (1m)10.28%
Revenue NY rev (3m)8.97%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 12.48 | ||
| Fwd PE | 10.04 | ||
| P/S | 2.41 | ||
| P/FCF | 8.75 | ||
| P/OCF | 4.41 | ||
| P/B | 1.01 | ||
| P/tB | 1.11 | ||
| EV/EBITDA | 6.08 |
EPS(TTM)2.34
EY8.01%
EPS(NY)2.91
Fwd EY9.96%
FCF(TTM)3.34
FCFY11.43%
OCF(TTM)6.63
OCFY22.69%
SpS12.13
BVpS28.94
TBVpS26.23
PEG (NY)0.48
PEG (5Y)0.88
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.73% | ||
| ROE | 3.8% | ||
| ROCE | 7.49% | ||
| ROIC | 5.8% | ||
| ROICexc | 5.8% | ||
| ROICexgc | 6.1% | ||
| OM | 33.98% | ||
| PM (TTM) | 9.07% | ||
| GM | 67.61% | ||
| FCFM | 27.49% |
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
ROICexcg growth 3Y-46.19%
ROICexcg 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 Turnover0.19
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.59 | ||
| Debt/EBITDA | 2.07 | ||
| Cap/Depr | 87.91% | ||
| Cap/Sales | 27.11% | ||
| Interest Coverage | 4.03 | ||
| Cash Conversion | 84.24% | ||
| Profit Quality | 303% | ||
| Current Ratio | 0.33 | ||
| Quick Ratio | 0.3 | ||
| Altman-Z | 1.08 |
F-Score6
WACC8.84%
ROIC/WACC0.66
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)27.87%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%61.11%
EPS Next Y26.11%
EPS Next 2Y27.49%
EPS Next 3Y36.84%
EPS Next 5YN/A
Revenue 1Y (TTM)11.05%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%199.41%
Revenue Next Year21.06%
Revenue Next 2Y15.86%
Revenue Next 3Y13.53%
Revenue Next 5YN/A
EBIT growth 1Y186.34%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year236.71%
EBIT Next 3Y61.79%
EBIT Next 5Y53.65%
FCF growth 1Y-1.97%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y-18.8%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%