CNX RESOURCES CORP (CNX) Fundamental Analysis & Valuation

NYSE:CNX • US12653C1080

Current stock price

38.41 USD
-1.33 (-3.35%)
Last:

This CNX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CNX Profitability Analysis

1.1 Basic Checks

  • In the past year CNX was profitable.
  • In the past year CNX had a positive cash flow from operations.
  • In multiple years CNX reported negative net income over the last 5 years.
  • In the past 5 years CNX always reported a positive cash flow from operatings.
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 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B

1.2 Ratios

  • The Return On Assets of CNX (6.96%) is better than 75.12% of its industry peers.
  • CNX has a better Return On Equity (14.60%) than 75.60% of its industry peers.
  • CNX has a better Return On Invested Capital (7.71%) than 72.25% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for CNX is significantly below the industry average of 23.10%.
  • The last Return On Invested Capital (7.71%) for CNX is above the 3 year average (4.26%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 6.96%
ROE 14.6%
ROIC 7.71%
ROA(3y)8.62%
ROA(5y)3.6%
ROE(3y)17.28%
ROE(5y)6.71%
ROIC(3y)4.26%
ROIC(5y)10.76%
CNX Yearly ROA, ROE, ROICCNX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20

1.3 Margins

  • CNX has a Profit Margin of 32.32%. This is amongst the best in the industry. CNX outperforms 88.04% of its industry peers.
  • With an excellent Operating Margin value of 39.79%, CNX belongs to the best of the industry, outperforming 88.04% 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 71.60%, CNX belongs to the top of the industry, outperforming 82.78% of the companies in the same industry.
  • In the last couple of years the Gross Margin of CNX has grown nicely.
Industry RankSector Rank
OM 39.79%
PM (TTM) 32.32%
GM 71.6%
OM growth 3Y-16.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.66%
GM growth 5Y5.42%
CNX Yearly Profit, Operating, Gross MarginsCNX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100 -100

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3

2. CNX Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CNX is destroying value.
  • The number of shares outstanding for CNX has been reduced compared to 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 a worse debt to assets ratio.
CNX Yearly Shares OutstandingCNX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M 200M
CNX Yearly Total Debt VS Total AssetsCNX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.2 Solvency

  • Based on the Altman-Z score of 1.43, 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 1.43, CNX is in line with its industry, outperforming 49.76% of the companies in the same industry.
  • The Debt to FCF ratio of CNX is 4.59, which is a neutral value as it means it would take CNX, 4.59 years of fcf income to pay off all of its debts.
  • CNX's Debt to FCF ratio of 4.59 is fine compared to the rest of the industry. CNX outperforms 70.33% of its industry peers.
  • CNX has a Debt/Equity ratio of 0.52. This is a neutral value indicating CNX is somewhat dependend on debt financing.
  • CNX has a Debt to Equity ratio (0.52) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Altman-Z 1.43
ROIC/WACC0.98
WACC7.9%
CNX Yearly LT Debt VS Equity VS FCFCNX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B 2B 3B 4B

2.3 Liquidity

  • A Current Ratio of 0.44 indicates that CNX may have some problems paying its short term obligations.
  • CNX has a Current ratio of 0.44. This is amonst the worse of the industry: CNX underperforms 85.65% of its industry peers.
  • A Quick Ratio of 0.41 indicates that CNX may have some problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 0.41, CNX is doing worse than 85.17% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 0.44
Quick Ratio 0.41
CNX Yearly Current Assets VS Current LiabilitesCNX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. CNX Growth Analysis

3.1 Past

  • CNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 40.78%, which is quite impressive.
  • The Earnings Per Share has been growing by 20.55% on average over the past years. This is a very strong growth
  • Looking at the last year, CNX shows a very strong growth in Revenue. The Revenue has grown by 23.54%.
  • Measured over the past years, CNX shows a quite strong growth in Revenue. The Revenue has been growing by 14.34% on average per year.
EPS 1Y (TTM)40.78%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%17.54%
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%

3.2 Future

  • The Earnings Per Share is expected to grow by 16.87% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 6.84% on average over the next years.
EPS Next Y6.21%
EPS Next 2Y27.57%
EPS Next 3Y16.87%
EPS Next 5YN/A
Revenue Next Year3.06%
Revenue Next 2Y6.96%
Revenue Next 3Y6.84%
Revenue Next 5YN/A

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
CNX Yearly Revenue VS EstimatesCNX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 1B 2B 3B
CNX Yearly EPS VS EstimatesCNX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 1 2 3 4

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Find the best growth stocksShow best growing peers

6

4. CNX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 15.24, the valuation of CNX can be described as correct.
  • Based on the Price/Earnings ratio, CNX is valued a bit cheaper than the industry average as 66.99% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (26.21), we can say CNX is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 14.35, the valuation of CNX can be described as correct.
  • Based on the Price/Forward Earnings ratio, CNX is valued a bit cheaper than the industry average as 71.29% of the companies are valued more expensively.
  • CNX is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 23.10, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 15.24
Fwd PE 14.35
CNX Price Earnings VS Forward Price EarningsCNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • CNX's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. CNX is cheaper than 77.51% of the companies in the same industry.
  • CNX's Price/Free Cash Flow ratio is rather cheap when compared to the industry. CNX is cheaper than 85.65% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.24
EV/EBITDA 5.99
CNX Per share dataCNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • CNX has a very decent profitability rating, which may justify a higher PE ratio.
  • CNX's earnings are expected to grow with 16.87% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.45
PEG (5Y)0.74
EPS Next 2Y27.57%
EPS Next 3Y16.87%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. CNX Dividend Analysis

5.1 Amount

  • No dividends for CNX!.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

CNX Fundamentals: All Metrics, Ratios and Statistics

CNX RESOURCES CORP

NYSE:CNX (4/8/2026, 12:22:09 PM)

38.41

-1.33 (-3.35%)

Chartmill FA Rating
GICS SectorEnergy
GICS IndustryGroupEnergy
GICS IndustryOil, Gas & Consumable Fuels
Earnings (Last)01-29
Earnings (Next)04-30
Inst Owners95.44%
Inst Owner Change0%
Ins Owners2.73%
Ins Owner Change0.77%
Market Cap5.47B
Revenue(TTM)1.96B
Net Income(TTM)633.16M
Analysts49.52
Price Target37.66 (-1.95%)
Short Float %12.73%
Short Ratio7.02
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)71.19%
Min EPS beat(2)47.59%
Max EPS beat(2)94.78%
EPS beat(4)4
Avg EPS beat(4)48.36%
Min EPS beat(4)20.86%
Max EPS beat(4)94.78%
EPS beat(8)8
Avg EPS beat(8)38.57%
EPS beat(12)11
Avg EPS beat(12)37.6%
EPS beat(16)13
Avg EPS beat(16)29.79%
Revenue beat(2)2
Avg Revenue beat(2)33.45%
Min Revenue beat(2)26.28%
Max Revenue beat(2)40.63%
Revenue beat(4)3
Avg Revenue beat(4)21.7%
Min Revenue beat(4)-84.24%
Max Revenue beat(4)104.15%
Revenue beat(8)4
Avg Revenue beat(8)-1.05%
Revenue beat(12)7
Avg Revenue beat(12)34.05%
Revenue beat(16)11
Avg Revenue beat(16)45.92%
PT rev (1m)1.39%
PT rev (3m)7.25%
EPS NQ rev (1m)9.09%
EPS NQ rev (3m)23.65%
EPS NY rev (1m)0%
EPS NY rev (3m)3.32%
Revenue NQ rev (1m)-0.85%
Revenue NQ rev (3m)1.05%
Revenue NY rev (1m)-0.92%
Revenue NY rev (3m)-0.29%
Valuation
Industry RankSector Rank
PE 15.24
Fwd PE 14.35
P/S 2.79
P/FCF 10.24
P/OCF 5.31
P/B 1.26
P/tB 1.38
EV/EBITDA 5.99
EPS(TTM)2.52
EY6.56%
EPS(NY)2.68
Fwd EY6.97%
FCF(TTM)3.75
FCFY9.76%
OCF(TTM)7.23
OCFY18.82%
SpS13.76
BVpS30.46
TBVpS27.79
PEG (NY)2.45
PEG (5Y)0.74
Graham Number41.56
Profitability
Industry RankSector Rank
ROA 6.96%
ROE 14.6%
ROCE 9.78%
ROIC 7.71%
ROICexc 7.71%
ROICexgc 8.1%
OM 39.79%
PM (TTM) 32.32%
GM 71.6%
FCFM 27.26%
ROA(3y)8.62%
ROA(5y)3.6%
ROE(3y)17.28%
ROE(5y)6.71%
ROIC(3y)4.26%
ROIC(5y)10.76%
ROICexc(3y)4.27%
ROICexc(5y)10.78%
ROICexgc(3y)4.49%
ROICexgc(5y)11.4%
ROCE(3y)5.41%
ROCE(5y)13.64%
ROICexgc growth 3Y-35.48%
ROICexgc growth 5YN/A
ROICexc growth 3Y-35.29%
ROICexc growth 5YN/A
OM growth 3Y-16.18%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.66%
GM growth 5Y5.42%
F-Score8
Asset Turnover0.22
Health
Industry RankSector Rank
Debt/Equity 0.52
Debt/FCF 4.59
Debt/EBITDA 1.65
Cap/Depr 86.22%
Cap/Sales 25.27%
Interest Coverage 5.04
Cash Conversion 76.01%
Profit Quality 84.33%
Current Ratio 0.44
Quick Ratio 0.41
Altman-Z 1.43
F-Score8
WACC7.9%
ROIC/WACC0.98
Cap/Depr(3y)118.05%
Cap/Depr(5y)113.45%
Cap/Sales(3y)39.34%
Cap/Sales(5y)30.63%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)40.78%
EPS 3Y0.13%
EPS 5Y20.55%
EPS Q2Q%17.54%
EPS Next Y6.21%
EPS Next 2Y27.57%
EPS Next 3Y16.87%
EPS Next 5YN/A
Revenue 1Y (TTM)23.54%
Revenue growth 3Y-20.08%
Revenue growth 5Y14.34%
Sales Q2Q%346.99%
Revenue Next Year3.06%
Revenue Next 2Y6.96%
Revenue Next 3Y6.84%
Revenue Next 5YN/A
EBIT growth 1Y253.48%
EBIT growth 3Y-33.01%
EBIT growth 5YN/A
EBIT Next Year107.73%
EBIT Next 3Y34.18%
EBIT Next 5YN/A
FCF growth 1Y93.86%
FCF growth 3Y-7.25%
FCF growth 5Y11.65%
OCF growth 1Y26.13%
OCF growth 3Y-5.9%
OCF growth 5Y5.29%

CNX RESOURCES CORP / CNX Fundamental Analysis FAQ

What is the ChartMill fundamental rating of CNX RESOURCES CORP (CNX) stock?

ChartMill assigns a fundamental rating of 5 / 10 to CNX.


What is the valuation status of CNX RESOURCES CORP (CNX) stock?

ChartMill assigns a valuation rating of 6 / 10 to CNX RESOURCES CORP (CNX). This can be considered as Fairly Valued.


What is the profitability of CNX stock?

CNX RESOURCES CORP (CNX) has a profitability rating of 7 / 10.


What is the valuation of CNX RESOURCES CORP based on its PE and PB ratios?

The Price/Earnings (PE) ratio for CNX RESOURCES CORP (CNX) is 15.24 and the Price/Book (PB) ratio is 1.26.


How financially healthy is CNX RESOURCES CORP?

The financial health rating of CNX RESOURCES CORP (CNX) is 3 / 10.