CNX RESOURCES CORP (CNX)

US12653C1080 - Common Stock

24.1  +0.1 (+0.42%)

After market: 24.5 +0.4 (+1.66%)

Fundamental Rating

3

CNX gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 214 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 does not seem to be growing, but still is valued expensively.



6

1. Profitability

1.1 Basic Checks

In the past year CNX was profitable.
In the past year CNX had a positive cash flow from operations.
In the past 5 years CNX reported 4 times negative net income.
Each year in the past 5 years CNX had a positive operating cash flow.

1.2 Ratios

The Return On Assets of CNX (28.18%) is better than 92.49% of its industry peers.
Looking at the Return On Equity, with a value of 55.75%, CNX belongs to the top of the industry, outperforming 90.14% of the companies in the same industry.
CNX has a Return On Invested Capital of 4.93%. This is in the lower half of the industry: CNX underperforms 69.95% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for CNX is significantly below the industry average of 45.80%.
The last Return On Invested Capital (4.93%) for CNX is well below the 3 year average (14.42%), which needs to be investigated, but indicates that CNX had better years and this may not be a problem.
Industry RankSector Rank
ROA 28.18%
ROE 55.75%
ROIC 4.93%
ROA(3y)4.04%
ROA(5y)1.04%
ROE(3y)7.06%
ROE(5y)1.66%
ROIC(3y)14.42%
ROIC(5y)N/A

1.3 Margins

With an excellent Profit Margin value of 130.08%, CNX belongs to the best of the industry, outperforming 98.59% of the companies in the same industry.
In the last couple of years the Profit Margin of CNX has grown nicely.
CNX has a Operating Margin of 26.61%. This is comparable to the rest of the industry: CNX outperforms 51.64% of its industry peers.
In the last couple of years the Operating Margin of CNX has declined.
With a decent Gross Margin value of 62.45%, CNX is doing good in the industry, outperforming 64.79% of the companies in the same industry.
In the last couple of years the Gross Margin of CNX has declined.
Industry RankSector Rank
OM 26.61%
PM (TTM) 130.08%
GM 62.45%
OM growth 3YN/A
OM growth 5Y-20.24%
PM growth 3YN/A
PM growth 5Y22.17%
GM growth 3Y3.26%
GM growth 5Y-3.25%

3

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), CNX is creating value.
CNX has less shares outstanding than it did 1 year ago.
CNX has less shares outstanding than it did 5 years ago.
Compared to 1 year ago, CNX has an improved debt to assets ratio.

2.2 Solvency

Based on the Altman-Z score of 1.19, we must say that CNX is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.19, CNX is in line with its industry, outperforming 45.07% of the companies in the same industry.
The Debt to FCF ratio of CNX is 16.43, which is on the high side as it means it would take CNX, 16.43 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 16.43, CNX is not doing good in the industry: 64.79% of the companies in the same industry are doing better.
CNX has a Debt/Equity ratio of 0.43. This is a healthy value indicating a solid balance between debt and equity.
Looking at the Debt to Equity ratio, with a value of 0.43, CNX is in line with its industry, outperforming 52.58% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF 16.43
Altman-Z 1.19
ROIC/WACC0.67
WACC7.38%

2.3 Liquidity

A Current Ratio of 0.51 indicates that CNX may have some problems paying its short term obligations.
The Current ratio of CNX (0.51) is worse than 88.26% of its industry peers.
CNX has a Quick Ratio of 0.51. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
CNX's Quick ratio of 0.49 is on the low side compared to the rest of the industry. CNX is outperformed by 86.85% of its industry peers.
Industry RankSector Rank
Current Ratio 0.51
Quick Ratio 0.49

2

3. Growth

3.1 Past

The earnings per share for CNX have decreased strongly by -25.50% in the last year.
CNX shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.58% yearly.
Looking at the last year, CNX shows a very negative growth in Revenue. The Revenue has decreased by -51.30% in the last year.
The Revenue has been decreasing by -4.51% on average over the past years.
EPS 1Y (TTM)-25.5%
EPS 3Y23.61%
EPS 5Y6.58%
EPS growth Q2Q-59.15%
Revenue 1Y (TTM)-51.3%
Revenue growth 3Y11.15%
Revenue growth 5Y-4.51%
Revenue growth Q2Q-58.09%

3.2 Future

CNX is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 12.75% yearly.
The Revenue is expected to decrease by -6.05% on average over the next years.
EPS Next Y-19.97%
EPS Next 2Y4.5%
EPS Next 3Y12.75%
EPS Next 5YN/A
Revenue Next Year-28.56%
Revenue Next 2Y-11.05%
Revenue Next 3Y-6.05%
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 decreasing.

3

4. Valuation

4.1 Price/Earnings Ratio

Based on the Price/Earnings ratio of 12.89, the valuation of CNX can be described as correct.
Compared to the rest of the industry, the Price/Earnings ratio of CNX is on the same level as its industry peers.
Compared to an average S&P500 Price/Earnings ratio of 24.95, CNX is valued a bit cheaper.
With a Price/Forward Earnings ratio of 16.10, CNX is valued correctly.
CNX's Price/Forward Earnings is on the same level as the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.40. CNX is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 12.89
Fwd PE 16.1

4.2 Price Multiples

CNX's Enterprise Value to EBITDA ratio is in line with the industry average.
Based on the Price/Free Cash Flow ratio, CNX is valued a bit more expensive than 61.97% of the companies in the same industry.
Industry RankSector Rank
P/FCF 27.06
EV/EBITDA 6.3

4.3 Compensation for Growth

The decent profitability rating of CNX may justify a higher PE ratio.
CNX's earnings are expected to grow with 12.75% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)1.96
EPS Next 2Y4.5%
EPS Next 3Y12.75%

0

5. Dividend

5.1 Amount

CNX does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

CNX RESOURCES CORP

NYSE:CNX (4/22/2024, 7:04:00 PM)

After market: 24.5 +0.4 (+1.66%)

24.1

+0.1 (+0.42%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap3.66B
Analysts
Price Target
Dividend
Industry RankSector Rank
Dividend Yield N/A
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
Avg EPS beat(4)
Min EPS beat(4)
Max EPS beat(4)
EPS beat(8)
Avg EPS beat(8)
EPS beat(12)
Avg EPS beat(12)
EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
Max Revenue beat(2)
Revenue beat(4)
Avg Revenue beat(4)
Min Revenue beat(4)
Max Revenue beat(4)
Revenue beat(8)
Avg Revenue beat(8)
Revenue beat(12)
Avg Revenue beat(12)
Revenue beat(16)
Avg Revenue beat(16)
PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
Industry RankSector Rank
PE 12.89
Fwd PE 16.1
P/S
P/FCF
P/OCF
P/B
P/tB
EV/EBITDA
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)N/A
PEG (5Y)1.96
Profitability
Industry RankSector Rank
ROA 28.18%
ROE 55.75%
ROCE
ROIC
ROICexc
ROICexgc
OM 26.61%
PM (TTM) 130.08%
GM 62.45%
FCFM
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.43
Debt/FCF
Debt/EBITDA
Cap/Depr
Cap/Sales
Interest Coverage
Cash Conversion
Profit Quality
Current Ratio 0.51
Quick Ratio 0.49
Altman-Z
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-25.5%
EPS 3Y23.61%
EPS 5Y
EPS growth Q2Q
EPS Next Y-19.97%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-51.3%
Revenue growth 3Y11.15%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y