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CNX RESOURCES CORP (CNX) Stock Fundamental Analysis

NYSE:CNX - New York Stock Exchange, Inc. - US12653C1080 - Common Stock - Currency: USD

31.19  -0.13 (-0.42%)

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CNX. CNX was compared to 213 industry peers in the Oil, Gas & Consumable Fuels industry. Both the profitability and financial health of CNX have multiple concerns. CNX has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

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3

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

1.2 Ratios

CNX has a worse Return On Assets (-3.19%) than 75.59% of its industry peers.
With a Return On Equity value of -7.64%, CNX is not doing good in the industry: 72.30% of the companies in the same industry are doing better.
With a Return On Invested Capital value of 4.68%, CNX is not doing good in the industry: 61.03% of the companies in the same industry are doing better.
The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 25.73%.
The 3 year average ROIC (10.96%) for CNX is well above the current ROIC(4.68%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA -3.19%
ROE -7.64%
ROIC 4.68%
ROA(3y)5.74%
ROA(5y)1.01%
ROE(3y)10.81%
ROE(5y)1.6%
ROIC(3y)10.96%
ROIC(5y)N/A
CNX Yearly ROA, ROE, ROICCNX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20

1.3 Margins

With a Operating Margin value of 24.97%, CNX perfoms like the industry average, outperforming 58.69% of the companies in the same industry.
In the last couple of years the Operating Margin of CNX has declined.
CNX has a better Gross Margin (62.52%) than 69.48% of its industry peers.
CNX's Gross Margin has declined in the last couple of years.
Industry RankSector Rank
OM 24.97%
PM (TTM) N/A
GM 62.52%
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%
CNX Yearly Profit, Operating, Gross MarginsCNX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100 -100

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3

2. Health

2.1 Basic Checks

CNX has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it 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.
The debt/assets ratio for CNX has remained at the same level compared to a year ago.
CNX Yearly Shares OutstandingCNX Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
CNX Yearly Total Debt VS Total AssetsCNX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2B 4B 6B 8B 10B

2.2 Solvency

Based on the Altman-Z score of 0.95, we must say that CNX is in the distress zone and has some risk of bankruptcy.
With a Altman-Z score value of 0.95, CNX perfoms like the industry average, outperforming 43.19% of the companies in the same industry.
The Debt to FCF ratio of CNX is 7.90, which is on the high side as it means it would take CNX, 7.90 years of fcf income to pay off all of its debts.
CNX has a Debt to FCF ratio of 7.90. This is comparable to the rest of the industry: CNX outperforms 54.46% of its industry peers.
CNX has a Debt/Equity ratio of 0.63. This is a neutral value indicating CNX is somewhat dependend on debt financing.
CNX's Debt to Equity ratio of 0.63 is in line compared to the rest of the industry. CNX outperforms 40.85% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 7.9
Altman-Z 0.95
ROIC/WACC0.47
WACC9.97%
CNX Yearly LT Debt VS Equity VS FCFCNX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B 4B

2.3 Liquidity

CNX has a Current Ratio of 0.27. 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 Current ratio of 0.27 is on the low side compared to the rest of the industry. CNX is outperformed by 92.49% of its industry peers.
CNX has a Quick Ratio of 0.27. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.25, CNX is doing worse than 91.55% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.27
Quick Ratio 0.25
CNX Yearly Current Assets VS Current LiabilitesCNX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 19.77% over the past year.
The Earnings Per Share has been growing by 14.24% on average over the past years. This is quite good.
The Revenue has been growing slightly by 5.33% in the past 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)19.77%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%73.33%
Revenue 1Y (TTM)5.33%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-75.79%

3.2 Future

The Earnings Per Share is expected to grow by 38.64% on average over the next years. This is a very strong growth
The Revenue is expected to grow by 13.24% on average over the next years. This is quite good.
EPS Next Y16.19%
EPS Next 2Y31.11%
EPS Next 3Y38.64%
EPS Next 5YN/A
Revenue Next Year11.1%
Revenue Next 2Y15.89%
Revenue Next 3Y13.24%
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.
CNX Yearly Revenue VS EstimatesCNX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 1B 2B 3B
CNX Yearly EPS VS EstimatesCNX Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 1 2 3 4

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6

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 14.71, which indicates a correct valuation of CNX.
Compared to the rest of the industry, the Price/Earnings ratio of CNX is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 26.19. CNX is valued slightly cheaper when compared to this.
CNX is valuated reasonably with a Price/Forward Earnings ratio of 10.14.
CNX's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. CNX is cheaper than 65.73% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.13, CNX is valued rather cheaply.
Industry RankSector Rank
PE 14.71
Fwd PE 10.14
CNX Price Earnings VS Forward Price EarningsCNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

CNX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, CNX is valued a bit cheaper than 64.79% of the companies in the same industry.
Industry RankSector Rank
P/FCF 13.17
EV/EBITDA 7.65
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10 15 20 25

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 38.64% in the coming years.
PEG (NY)0.91
PEG (5Y)1.03
EPS Next 2Y31.11%
EPS Next 3Y38.64%

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0

5. Dividend

5.1 Amount

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

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CNX RESOURCES CORP

NYSE:CNX (5/30/2025, 12:13:41 PM)

31.19

-0.13 (-0.42%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)04-24 2025-04-24/bmo
Earnings (Next)07-23 2025-07-23/bmo
Inst Owners106.04%
Inst Owner Change-3.4%
Ins Owners4.31%
Ins Owner Change-4.15%
Market Cap4.51B
Analysts49.52
Price Target31.11 (-0.26%)
Short Float %19.02%
Short Ratio10.63
Dividend
Industry RankSector 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)34.78%
Min EPS beat(2)20.86%
Max EPS beat(2)48.69%
EPS beat(4)4
Avg EPS beat(4)30.22%
Min EPS beat(4)20.86%
Max EPS beat(4)48.69%
EPS beat(8)7
Avg EPS beat(8)34.09%
EPS beat(12)9
Avg EPS beat(12)22.33%
EPS beat(16)11
Avg EPS beat(16)22.59%
Revenue beat(2)0
Avg Revenue beat(2)-76.31%
Min Revenue beat(2)-84.24%
Max Revenue beat(2)-68.37%
Revenue beat(4)1
Avg Revenue beat(4)-39.98%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)7.42%
Revenue beat(8)3
Avg Revenue beat(8)7.88%
Revenue beat(12)7
Avg Revenue beat(12)42.99%
Revenue beat(16)10
Avg Revenue beat(16)41.4%
PT rev (1m)0.55%
PT rev (3m)2.52%
EPS NQ rev (1m)-4.13%
EPS NQ rev (3m)-1.96%
EPS NY rev (1m)-3.69%
EPS NY rev (3m)0.03%
Revenue NQ rev (1m)-4.47%
Revenue NQ rev (3m)-1.58%
Revenue NY rev (1m)-11.59%
Revenue NY rev (3m)-12.34%
Valuation
Industry RankSector Rank
PE 14.71
Fwd PE 10.14
P/S 2.5
P/FCF 13.17
P/OCF 5.33
P/B 1.2
P/tB 1.33
EV/EBITDA 7.65
EPS(TTM)2.12
EY6.8%
EPS(NY)3.08
Fwd EY9.87%
FCF(TTM)2.37
FCFY7.59%
OCF(TTM)5.85
OCFY18.75%
SpS12.49
BVpS26.06
TBVpS23.39
PEG (NY)0.91
PEG (5Y)1.03
Profitability
Industry RankSector Rank
ROA -3.19%
ROE -7.64%
ROCE 6.05%
ROIC 4.68%
ROICexc 4.68%
ROICexgc 4.94%
OM 24.97%
PM (TTM) N/A
GM 62.52%
FCFM 18.96%
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-Score5
Asset Turnover0.2
Health
Industry RankSector Rank
Debt/Equity 0.63
Debt/FCF 7.9
Debt/EBITDA 2.51
Cap/Depr 101.91%
Cap/Sales 27.85%
Interest Coverage 3.2
Cash Conversion 89.51%
Profit Quality N/A
Current Ratio 0.27
Quick Ratio 0.25
Altman-Z 0.95
F-Score5
WACC9.97%
ROIC/WACC0.47
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)19.77%
EPS 3Y4.25%
EPS 5Y14.24%
EPS Q2Q%73.33%
EPS Next Y16.19%
EPS Next 2Y31.11%
EPS Next 3Y38.64%
EPS Next 5YN/A
Revenue 1Y (TTM)5.33%
Revenue growth 3Y-18.3%
Revenue growth 5Y-4.06%
Sales Q2Q%-75.79%
Revenue Next Year11.1%
Revenue Next 2Y15.89%
Revenue Next 3Y13.24%
Revenue Next 5YN/A
EBIT growth 1Y25.13%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year230.35%
EBIT Next 3Y61.69%
EBIT Next 5Y53.38%
FCF growth 1Y-35.8%
FCF growth 3Y-15.74%
FCF growth 5YN/A
OCF growth 1Y-26.23%
OCF growth 3Y-4.15%
OCF growth 5Y-3.61%