CNX Resources Corporation

DB:CGD Stock Report

Market Cap: €5.9b

CNX Resources Valuation

Is CGD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of CGD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: CGD (€39) is trading below our estimate of fair value (€73.41)

Significantly Below Fair Value: CGD is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for CGD?

Key metric: As CGD is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for CGD. This is calculated by dividing CGD's market cap by their current earnings.
What is CGD's PE Ratio?
PE Ratio10.8x
EarningsUS$568.12m
Market CapUS$6.13b

Price to Earnings Ratio vs Peers

How does CGD's PE Ratio compare to its peers?

The above table shows the PE ratio for CGD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average29.7x
DR0 Deutsche Rohstoff
2.8x-8.9%€165.6m
CE2 CropEnergies
82.6xn/a€1.2b
CE2 CropEnergies
15.3x-7.5%€1.0b
RRC Range Resources
18.1x20.1%US$8.6b
CGD CNX Resources
10.8x-1.9%€6.1b

Price-To-Earnings vs Peers: CGD is good value based on its Price-To-Earnings Ratio (10.8x) compared to the peer average (29.7x).

Price to Earnings Ratio vs Industry

How does CGD's PE Ratio compare vs other companies in the European Oil and Gas Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CGD 10.8xIndustry Avg. 9.2xNo. of Companies17PE0612182430+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CGD is expensive based on its Price-To-Earnings Ratio (10.8x) compared to the European Oil and Gas industry average (9.2x).

Price to Earnings Ratio vs Fair Ratio

What is CGD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

CGD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.8x
Fair PE Ratio17.9x

Price-To-Earnings vs Fair Ratio: CGD is good value based on its Price-To-Earnings Ratio (10.8x) compared to the estimated Fair Price-To-Earnings Ratio (17.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst CGD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€39.00
€28.46
-27.0%
15.2%€33.21€18.98n/a11
Nov ’25€31.20
€27.49
-11.9%
15.3%€32.37€18.50n/a11
Oct ’25€29.20
€24.39
-16.5%
17.1%€34.33€18.07n/a10
Sep ’25€25.00
€23.82
-4.7%
12.6%€27.97€18.04n/a10
Aug ’25€24.40
€24.42
+0.08%
11.4%€28.68€20.35n/a10
Jul ’25€22.60
€23.73
+5.0%
10.7%€27.81€20.39n/a10
Jun ’25€24.20
€23.73
-1.9%
10.7%€27.81€20.39n/a10
May ’25€22.40
€23.70
+5.8%
9.7%€28.10€20.61n/a10
Apr ’25€22.00
€21.50
-2.3%
11.0%€26.07€16.76n/a11
Mar ’25€19.30
€20.10
+4.2%
13.9%€24.98€15.73n/a11
Feb ’25€18.60
€20.02
+7.7%
13.7%€24.99€15.73n/a11
Jan ’25€18.20
€21.05
+15.7%
12.9%€25.01€16.67n/a11
Dec ’24€19.00
€20.62
+8.6%
13.1%€24.80€16.53n/a11
Nov ’24€20.20
€21.42
+6.1%
12.2%€25.55€17.04€31.2011
Oct ’24€21.40
€20.94
-2.1%
10.4%€25.70€18.09€29.2011
Sep ’24€21.00
€19.44
-7.4%
11.9%€24.89€16.59€25.0011
Aug ’24€18.10
€17.55
-3.1%
15.3%€24.58€14.57€24.4011
Jul ’24€16.20
€17.54
+8.3%
19.2%€25.98€13.92€22.6011
Jun ’24€14.40
€17.59
+22.1%
19.4%€25.92€13.88€24.2011
May ’24€13.90
€17.66
+27.0%
19.8%€25.41€13.61€22.4011
Apr ’24€14.40
€18.63
+29.3%
18.3%€23.64€15.13€22.0010
Mar ’24€14.40
€18.48
+28.3%
18.9%€23.34€14.93€19.3010
Feb ’24€15.10
€18.66
+23.6%
20.7%€25.49€14.56€18.6010
Jan ’24€15.60
€21.12
+35.4%
22.2%€29.17€16.00€18.209
Dec ’23€16.70
€21.86
+30.9%
20.3%€29.75€16.32€19.009
Nov ’23€16.60
€23.51
+41.6%
22.3%€34.42€17.21€20.209

Analyst Forecast: Target price is lower than the current share price.

Discover undervalued companies

Hafnia

NOK 31.2b

Owns and operates oil product tankers in Bermuda.

RE0

NOK 5.10

7D

6.3%

1Y

-13.6%

International Seaways

US$2.0b

Owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade.

IS5

US$39.13

7D

-1.2%

1Y

-8.1%

Rubellite Energy

CA$215.6m

Rubellite Energy Inc., an energy company, engages in the exploration, development, and production of heavy crude oil from the Clearwater Formation in Eastern Alberta.

6L00

CA$1.31

7D

0%

1Y

-14.4%