CNX RESOURCES CORP (CNX)
US12653C1080 - Common Stock
Taking everything into account, CNX scores 3 out of 10 in our fundamental rating. 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 expensive and it does not seem to be growing.
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
CNX's Return On Assets of 19.96% is amongst the best of the industry. CNX outperforms 89.52% of its industry peers.
With an excellent Return On Equity value of 40.09%, CNX belongs to the best of the industry, outperforming 90.95% of the companies in the same industry.
The Return On Invested Capital of CNX (3.67%) is worse than 71.43% 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 30.77%.
The last Return On Invested Capital (3.67%) 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 Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.96% | ||
| ROE | 40.09% | ||
| ROIC | 3.67% |
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
CNX has a Profit Margin of 100.63%. This is amongst the best in the industry. CNX outperforms 99.05% of its industry peers.
In the last couple of years the Profit Margin of CNX has grown nicely.
CNX has a Operating Margin of 21.48%. This is comparable to the rest of the industry: CNX outperforms 50.00% of its industry peers.
In the last couple of years the Operating Margin of CNX has declined.
Looking at the Gross Margin, with a value of 60.46%, CNX is in the better half of the industry, outperforming 65.24% of the companies in the same industry.
CNX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 21.48% | ||
| PM (TTM) | 100.63% | ||
| GM | 60.46% |
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%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so CNX is creating value.
Compared to 1 year ago, CNX has less shares outstanding
The number of shares outstanding for CNX has been reduced compared to 5 years ago.
CNX has a better debt/assets ratio than last year.
2.2 Solvency
CNX has an Altman-Z score of 1.12. This is a bad value and indicates that CNX is not financially healthy and even has some risk of bankruptcy.
CNX's Altman-Z score of 1.12 is in line compared to the rest of the industry. CNX outperforms 43.33% of its industry peers.
The Debt to FCF ratio of CNX is 31.03, which is on the high side as it means it would take CNX, 31.03 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 31.03, CNX is doing worse than 64.29% of the companies in the same industry.
A Debt/Equity ratio of 0.45 indicates that CNX is not too dependend on debt financing.
CNX has a Debt to Equity ratio of 0.45. This is comparable to the rest of the industry: CNX outperforms 50.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | 31.03 | ||
| Altman-Z | 1.12 |
ROIC/WACC0.51
WACC7.23%
2.3 Liquidity
CNX has a Current Ratio of 0.53. This is a bad value and indicates that CNX is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.53, CNX is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
A Quick Ratio of 0.51 indicates that CNX may have some problems paying its short term obligations.
Looking at the Quick ratio, with a value of 0.51, CNX is doing worse than 83.33% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.51 |
3. Growth
3.1 Past
The earnings per share for CNX have decreased by -6.63% in the last year.
Measured over the past 5 years, CNX shows a small growth in Earnings Per Share. The EPS has been growing by 6.58% on average per year.
The Revenue for CNX has decreased by -64.13% in the past year. This is quite bad
Measured over the past years, CNX shows a decrease in Revenue. The Revenue has been decreasing by -4.51% on average per year.
EPS 1Y (TTM)-6.63%
EPS 3Y23.61%
EPS 5Y6.58%
EPS Q2Q%20%
Revenue 1Y (TTM)-64.13%
Revenue growth 3Y11.15%
Revenue growth 5Y-4.51%
Sales Q2Q%-58.79%
3.2 Future
The Earnings Per Share is expected to grow by 14.06% on average over the next years. This is quite good.
CNX is expected to show a decrease in Revenue. In the coming years, the Revenue will decrease by -5.11% yearly.
EPS Next Y-31.78%
EPS Next 2Y-2.6%
EPS Next 3Y14.06%
EPS Next 5YN/A
Revenue Next Year-34.78%
Revenue Next 2Y-12.92%
Revenue Next 3Y-5.11%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 13.85, the valuation of CNX can be described as correct.
CNX's Price/Earnings is on the same level as the industry average.
When comparing the Price/Earnings ratio of CNX to the average of the S&P500 Index (24.41), we can say CNX is valued slightly cheaper.
With a Price/Forward Earnings ratio of 14.29, CNX is valued correctly.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CNX indicates a slightly more expensive valuation: CNX is more expensive than 60.48% of the companies listed in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.59, CNX is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.85 | ||
| Fwd PE | 14.29 |
4.2 Price Multiples
CNX's Enterprise Value to EBITDA is on the same level as the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CNX indicates a slightly more expensive valuation: CNX is more expensive than 63.33% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 52.96 | ||
| EV/EBITDA | 7.49 |
4.3 Compensation for Growth
CNX has a very decent profitability rating, which may justify a higher PE ratio.
CNX's earnings are expected to grow with 14.06% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)2.11
EPS Next 2Y-2.6%
EPS Next 3Y14.06%
5. Dividend
5.1 Amount
CNX does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
CNX RESOURCES CORP
NYSE:CNX (7/26/2024, 7:23:03 PM)
After market: 25.35 0 (0%)25.35
+0.34 (+1.36%)
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 Cap3.88B
Analysts
Price Target
Dividend
| Industry Rank | Sector 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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 13.85 | ||
| Fwd PE | 14.29 | ||
| 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)2.11
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 19.96% | ||
| ROE | 40.09% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 21.48% | ||
| PM (TTM) | 100.63% | ||
| GM | 60.46% | ||
| 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 Turnover0.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.45 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 0.53 | ||
| Quick Ratio | 0.51 | ||
| 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)
High Growth Momentum
Growth
EPS 1Y (TTM)-6.63%
EPS 3Y23.61%
EPS 5Y
EPS Q2Q%
EPS Next Y-31.78%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-64.13%
Revenue growth 3Y11.15%
Revenue growth 5Y
Sales 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