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CNX RESOURCES CORP (CNX) Stock Fundamental Analysis

USA - NYSE:CNX - US12653C1080 - Common Stock

29.56 USD
-0.8 (-2.64%)
Last: 9/22/2025, 9:47:03 AM
Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to CNX. 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 is valued quite cheap, while showing a decent growth score. This is a good combination!


Dividend Valuation Growth Profitability Health

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4

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.
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

Looking at the Return On Assets, with a value of 1.73%, CNX is doing worse than 60.00% of the companies in the same industry.
CNX has a Return On Equity (3.80%) which is in line with its industry peers.
CNX's Return On Invested Capital of 5.80% is in line compared to the rest of the industry. CNX outperforms 52.38% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 21.71%.
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 RankSector 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
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

The Profit Margin of CNX (9.07%) is comparable to the rest of the industry.
CNX has a better Operating Margin (33.98%) than 81.43% of its industry peers.
In the last couple of years the Operating Margin of CNX has declined.
With a decent Gross Margin value of 67.61%, CNX is doing good in the industry, outperforming 74.76% of the companies in the same industry.
CNX's Gross Margin has declined in the last couple of years.
Industry RankSector 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%
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

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so CNX is still creating some value.
CNX has less shares outstanding than it did 1 year ago.
CNX has less shares outstanding than it did 5 years ago.
CNX has about the same debt/assets ratio as last year.
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

CNX has an Altman-Z score of 1.10. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
With a Altman-Z score value of 1.10, CNX perfoms like the industry average, outperforming 47.14% of the companies in the same 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.
CNX has a better Debt to FCF ratio (5.59) than 61.43% of its industry peers.
A Debt/Equity ratio of 0.56 indicates that CNX is somewhat dependend on debt financing.
The Debt to Equity ratio of CNX (0.56) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.56
Debt/FCF 5.59
Altman-Z 1.1
ROIC/WACC0.68
WACC8.47%
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

A Current Ratio of 0.33 indicates that CNX may have some problems paying its short term obligations.
CNX has a worse Current ratio (0.33) than 91.43% of its industry peers.
A Quick Ratio of 0.30 indicates that CNX may have some problems paying its short term obligations.
With a Quick ratio value of 0.30, CNX is not doing good in the industry: 91.43% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.33
Quick Ratio 0.3
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

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.
CNX shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.24% yearly.
The Revenue has grown by 11.05% in the past year. This is quite good.
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.
Based on estimates for the next years, CNX will show a quite strong growth in Revenue. The Revenue will grow by 13.35% on average per year.
EPS Next Y26.11%
EPS Next 2Y27.49%
EPS Next 3Y36.84%
EPS Next 5YN/A
Revenue Next Year20.62%
Revenue Next 2Y14.71%
Revenue Next 3Y13.35%
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.
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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7

4. Valuation

4.1 Price/Earnings Ratio

CNX is valuated correctly with a Price/Earnings ratio of 12.63.
Based on the Price/Earnings ratio, CNX is valued a bit cheaper than 60.48% of the companies in the same industry.
When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (27.38), we can say CNX is valued rather cheaply.
CNX is valuated reasonably with a Price/Forward Earnings ratio of 10.16.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNX indicates a somewhat cheap valuation: CNX is cheaper than 66.67% of the companies listed in the same industry.
CNX's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.86.
Industry RankSector Rank
PE 12.63
Fwd PE 10.16
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 ratio is a bit cheaper when compared to the industry. CNX is cheaper than 64.76% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, CNX is valued a bit cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.86
EV/EBITDA 6.23
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 36.84% in the coming years.
PEG (NY)0.48
PEG (5Y)0.89
EPS Next 2Y27.49%
EPS Next 3Y36.84%

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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 (9/22/2025, 9:47:03 AM)

29.56

-0.8 (-2.64%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)07-24 2025-07-24/bmo
Earnings (Next)10-22 2025-10-22/bmo
Inst Owners106.14%
Inst Owner Change-6.87%
Ins Owners4.51%
Ins Owner Change0.25%
Market Cap4.18B
Analysts49.52
Price Target31.96 (8.12%)
Short Float %19.1%
Short Ratio13.4
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)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)-2.08%
PT rev (3m)0.78%
EPS NQ rev (1m)-11.35%
EPS NQ rev (3m)-18.48%
EPS NY rev (1m)0%
EPS NY rev (3m)10.04%
Revenue NQ rev (1m)-6.11%
Revenue NQ rev (3m)-8.35%
Revenue NY rev (1m)-0.36%
Revenue NY rev (3m)12.99%
Valuation
Industry RankSector Rank
PE 12.63
Fwd PE 10.16
P/S 2.44
P/FCF 8.86
P/OCF 4.46
P/B 1.02
P/tB 1.13
EV/EBITDA 6.23
EPS(TTM)2.34
EY7.92%
EPS(NY)2.91
Fwd EY9.84%
FCF(TTM)3.34
FCFY11.29%
OCF(TTM)6.63
OCFY22.42%
SpS12.13
BVpS28.94
TBVpS26.23
PEG (NY)0.48
PEG (5Y)0.89
Profitability
Industry RankSector 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 RankSector 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 1.1
F-Score6
WACC8.47%
ROIC/WACC0.68
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 Year20.62%
Revenue Next 2Y14.71%
Revenue Next 3Y13.35%
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%