CNX RESOURCES CORP (CNX) Stock Fundamental Analysis
USA - NYSE:CNX - US12653C1080 - Common Stock
32.07 USD
+0.1 (+0.31%)
32.07 USD
0 (0%)
We assign a fundamental rating of 4 out of 10 to CNX. CNX was compared to 211 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 is not valued too expensively and it also shows a decent growth rate.
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.
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.
1.2 Ratios
CNX has a Return On Assets (1.73%) which is comparable to the rest of the industry.
The Return On Equity of CNX (3.80%) is comparable to the rest of the industry.
The Return On Invested Capital of CNX (5.80%) 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 21.53%.
The last Return On Invested Capital (5.80%) for CNX is well below the 3 year average (10.96%), which needs to be investigated, but indicates that CNX had better years and this may not be a problem.
| 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
The Profit Margin of CNX (9.07%) is comparable to the rest of the industry.
Looking at the Operating Margin, with a value of 33.98%, CNX belongs to the top of the industry, outperforming 81.99% of the companies in the same industry.
In the last couple of years the Operating Margin of CNX has declined.
Looking at the Gross Margin, with a value of 67.61%, CNX is in the better half of the industry, outperforming 74.41% 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
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), CNX is creating some value.
CNX has less shares outstanding than it did 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
CNX has an Altman-Z score of 1.13. 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 (1.13) which is in line with its industry peers.
CNX has a debt to FCF ratio of 5.59. This is a neutral value as CNX would need 5.59 years to pay back of 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 62.09% 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.
CNX's Debt to Equity ratio of 0.56 is in line compared to the rest of the industry. CNX outperforms 44.08% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.56 | ||
| Debt/FCF | 5.59 | ||
| Altman-Z | 1.13 |
ROIC/WACC0.71
WACC8.11%
2.3 Liquidity
A Current Ratio of 0.33 indicates that CNX may have some problems paying its short term obligations.
With a Current ratio value of 0.33, CNX is not doing good in the industry: 91.47% of the companies in the same industry are doing better.
CNX has a Quick Ratio of 0.33. 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 (0.30) is worse than 91.94% 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.
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 36.59% yearly.
Based on estimates for the next years, CNX will show a quite strong growth in Revenue. The Revenue will grow by 12.91% on average per year.
EPS Next Y18.35%
EPS Next 2Y23.94%
EPS Next 3Y36.59%
EPS Next 5YN/A
Revenue Next Year20.62%
Revenue Next 2Y14.38%
Revenue Next 3Y12.91%
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.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 13.71, which indicates a correct valuation of CNX.
CNX's Price/Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Earnings ratio of 27.57, CNX is valued rather cheaply.
CNX is valuated reasonably with a Price/Forward Earnings ratio of 11.66.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNX is on the same level as its industry peers.
CNX's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.09.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.71 | ||
| Fwd PE | 11.66 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, CNX is valued a bit cheaper than 64.45% 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 78.20% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 9.61 | ||
| EV/EBITDA | 6.45 |
4.3 Compensation for Growth
CNX's 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 36.59% in the coming years.
PEG (NY)0.75
PEG (5Y)0.96
EPS Next 2Y23.94%
EPS Next 3Y36.59%
5. Dividend
5.1 Amount
No dividends for CNX!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
32.07
+0.1 (+0.31%)
Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)
Earnings (Next)
Inst Owners100.93%
Inst Owner Change0.53%
Ins Owners4.51%
Ins Owner Change0.25%
Market Cap4.54B
Revenue(TTM)1.72B
Net Income(TTM)155.72M
Analysts50.91
Price Target31.86 (-0.65%)
Short Float %18.95%
Short Ratio12.78
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)-0.33%
PT rev (3m)-1.38%
EPS NQ rev (1m)-10.16%
EPS NQ rev (3m)-27.66%
EPS NY rev (1m)-6.15%
EPS NY rev (3m)2.97%
Revenue NQ rev (1m)1.06%
Revenue NQ rev (3m)-7.5%
Revenue NY rev (1m)0%
Revenue NY rev (3m)18.89%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.71 | ||
| Fwd PE | 11.66 | ||
| P/S | 2.64 | ||
| P/FCF | 9.61 | ||
| P/OCF | 4.84 | ||
| P/B | 1.11 | ||
| P/tB | 1.22 | ||
| EV/EBITDA | 6.45 |
EPS(TTM)2.34
EY7.3%
EPS(NY)2.75
Fwd EY8.57%
FCF(TTM)3.34
FCFY10.4%
OCF(TTM)6.63
OCFY20.66%
SpS12.13
BVpS28.94
TBVpS26.23
PEG (NY)0.75
PEG (5Y)0.96
Graham Number39.03
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
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 Turnover0.19
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 | 1.13 |
F-Score6
WACC8.11%
ROIC/WACC0.71
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 Y18.35%
EPS Next 2Y23.94%
EPS Next 3Y36.59%
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 2Y14.38%
Revenue Next 3Y12.91%
Revenue Next 5YN/A
EBIT growth 1Y186.34%
EBIT growth 3Y-45.54%
EBIT growth 5Y-6.23%
EBIT Next Year234.77%
EBIT Next 3Y61.72%
EBIT Next 5Y49.02%
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%