Intrinsic value of CNX Coal Resources - CNXC

Previous Close

$16.10

  Intrinsic Value

$285.48

stock screener

  Rating & Target

str. buy

+999%

  Value-price divergence*

+108%

Previous close

$16.10

 
Intrinsic value

$285.48

 
Up/down potential

+999%

 
Rating

str. buy

 
Value-price divergence*

+108%

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CNXC stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2016), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 0.4

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -14.07
  38.30
  34.97
  31.97
  29.28
  26.85
  24.66
  22.70
  20.93
  19.33
  17.90
  16.61
  15.45
  14.40
  13.46
  12.62
  11.86
  11.17
  10.55
  10.00
  9.50
  9.05
  8.64
  8.28
  7.95
  7.66
  7.39
  7.15
  6.94
  6.74
  6.57
Revenue, $m
  281
  389
  525
  692
  895
  1,135
  1,415
  1,736
  2,100
  2,506
  2,954
  3,445
  3,977
  4,550
  5,163
  5,814
  6,503
  7,230
  7,993
  8,792
  9,627
  10,498
  11,406
  12,350
  13,332
  14,353
  15,413
  16,516
  17,661
  18,852
  20,090
Variable operating expenses, $m
 
  59
  80
  106
  137
  174
  217
  266
  321
  383
  452
  527
  608
  696
  790
  890
  995
  1,106
  1,223
  1,345
  1,473
  1,606
  1,745
  1,890
  2,040
  2,196
  2,358
  2,527
  2,702
  2,884
  3,074
Fixed operating expenses, $m
 
  212
  217
  223
  228
  234
  240
  246
  252
  259
  265
  272
  278
  285
  292
  300
  307
  315
  323
  331
  339
  348
  356
  365
  374
  384
  393
  403
  413
  424
  434
Total operating expenses, $m
  247
  271
  297
  329
  365
  408
  457
  512
  573
  642
  717
  799
  886
  981
  1,082
  1,190
  1,302
  1,421
  1,546
  1,676
  1,812
  1,954
  2,101
  2,255
  2,414
  2,580
  2,751
  2,930
  3,115
  3,308
  3,508
Operating income, $m
  35
  117
  227
  363
  529
  727
  959
  1,225
  1,526
  1,864
  2,237
  2,646
  3,090
  3,568
  4,080
  4,625
  5,201
  5,809
  6,447
  7,116
  7,815
  8,544
  9,304
  10,095
  10,918
  11,773
  12,662
  13,586
  14,546
  15,544
  16,582
EBITDA, $m
  77
  175
  305
  467
  663
  897
  1,170
  1,484
  1,840
  2,239
  2,679
  3,162
  3,685
  4,249
  4,853
  5,495
  6,174
  6,890
  7,643
  8,431
  9,255
  10,115
  11,011
  11,943
  12,912
  13,920
  14,968
  16,057
  17,188
  18,365
  19,588
Interest expense (income), $m
  0
  7
  11
  15
  21
  28
  36
  46
  57
  70
  84
  99
  116
  134
  154
  175
  198
  222
  247
  273
  301
  329
  360
  391
  423
  457
  493
  529
  567
  607
  648
Earnings before tax, $m
  26
  110
  216
  348
  508
  699
  922
  1,179
  1,469
  1,794
  2,153
  2,547
  2,974
  3,434
  3,926
  4,449
  5,003
  5,587
  6,200
  6,843
  7,514
  8,215
  8,945
  9,704
  10,494
  11,316
  12,169
  13,056
  13,979
  14,937
  15,935
Tax expense, $m
  0
  30
  58
  94
  137
  189
  249
  318
  397
  484
  581
  688
  803
  927
  1,060
  1,201
  1,351
  1,508
  1,674
  1,848
  2,029
  2,218
  2,415
  2,620
  2,833
  3,055
  3,286
  3,525
  3,774
  4,033
  4,302
Net income, $m
  26
  80
  158
  254
  371
  510
  673
  860
  1,072
  1,310
  1,572
  1,859
  2,171
  2,507
  2,866
  3,248
  3,652
  4,079
  4,526
  4,995
  5,485
  5,997
  6,530
  7,084
  7,661
  8,260
  8,884
  9,531
  10,204
  10,904
  11,632

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  504
  683
  922
  1,217
  1,573
  1,995
  2,487
  3,051
  3,690
  4,404
  5,192
  6,054
  6,990
  7,996
  9,073
  10,218
  11,429
  12,706
  14,047
  15,452
  16,919
  18,450
  20,045
  21,705
  23,430
  25,224
  27,088
  29,026
  31,039
  33,132
  35,308
Adjusted assets (=assets-cash), $m
  494
  683
  922
  1,217
  1,573
  1,995
  2,487
  3,051
  3,690
  4,404
  5,192
  6,054
  6,990
  7,996
  9,073
  10,218
  11,429
  12,706
  14,047
  15,452
  16,919
  18,450
  20,045
  21,705
  23,430
  25,224
  27,088
  29,026
  31,039
  33,132
  35,308
Revenue / Adjusted assets
  0.569
  0.570
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
  0.569
Average production assets, $m
  450
  622
  840
  1,108
  1,433
  1,817
  2,266
  2,780
  3,362
  4,011
  4,730
  5,515
  6,367
  7,285
  8,265
  9,308
  10,412
  11,575
  12,797
  14,076
  15,413
  16,808
  18,260
  19,772
  21,344
  22,978
  24,677
  26,441
  28,276
  30,182
  32,165
Working capital, $m
  -16
  -36
  -49
  -64
  -83
  -106
  -132
  -161
  -195
  -233
  -275
  -320
  -370
  -423
  -480
  -541
  -605
  -672
  -743
  -818
  -895
  -976
  -1,061
  -1,149
  -1,240
  -1,335
  -1,433
  -1,536
  -1,642
  -1,753
  -1,868
Total debt, $m
  198
  304
  438
  603
  803
  1,040
  1,316
  1,633
  1,991
  2,391
  2,834
  3,317
  3,842
  4,407
  5,011
  5,653
  6,333
  7,049
  7,801
  8,589
  9,413
  10,272
  11,166
  12,097
  13,065
  14,072
  15,118
  16,204
  17,334
  18,508
  19,729
Total liabilities, $m
  278
  383
  517
  682
  882
  1,119
  1,395
  1,712
  2,070
  2,470
  2,913
  3,396
  3,921
  4,486
  5,090
  5,732
  6,412
  7,128
  7,880
  8,668
  9,492
  10,351
  11,245
  12,176
  13,144
  14,151
  15,197
  16,283
  17,413
  18,587
  19,808
Total equity, $m
  227
  300
  405
  534
  690
  876
  1,092
  1,340
  1,620
  1,933
  2,279
  2,658
  3,068
  3,510
  3,983
  4,486
  5,018
  5,578
  6,167
  6,783
  7,428
  8,100
  8,800
  9,528
  10,286
  11,073
  11,892
  12,742
  13,626
  14,545
  15,500
Total liabilities and equity, $m
  505
  683
  922
  1,216
  1,572
  1,995
  2,487
  3,052
  3,690
  4,403
  5,192
  6,054
  6,989
  7,996
  9,073
  10,218
  11,430
  12,706
  14,047
  15,451
  16,920
  18,451
  20,045
  21,704
  23,430
  25,224
  27,089
  29,025
  31,039
  33,132
  35,308
Debt-to-equity ratio
  0.872
  1.010
  1.080
  1.130
  1.160
  1.190
  1.210
  1.220
  1.230
  1.240
  1.240
  1.250
  1.250
  1.260
  1.260
  1.260
  1.260
  1.260
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
  1.270
Adjusted equity ratio
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439
  0.439

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  26
  80
  158
  254
  371
  510
  673
  860
  1,072
  1,310
  1,572
  1,859
  2,171
  2,507
  2,866
  3,248
  3,652
  4,079
  4,526
  4,995
  5,485
  5,997
  6,530
  7,084
  7,661
  8,260
  8,884
  9,531
  10,204
  10,904
  11,632
Depreciation, amort., depletion, $m
  42
  58
  78
  104
  134
  170
  212
  260
  314
  375
  442
  515
  595
  681
  772
  870
  973
  1,082
  1,196
  1,316
  1,440
  1,571
  1,707
  1,848
  1,995
  2,148
  2,306
  2,471
  2,643
  2,821
  3,006
Funds from operations, $m
  76
  138
  236
  358
  505
  680
  885
  1,120
  1,387
  1,685
  2,014
  2,375
  2,766
  3,188
  3,638
  4,118
  4,625
  5,160
  5,722
  6,311
  6,926
  7,568
  8,236
  8,932
  9,656
  10,408
  11,190
  12,002
  12,847
  13,725
  14,638
Change in working capital, $m
  3
  -10
  -13
  -16
  -19
  -22
  -26
  -30
  -34
  -38
  -42
  -46
  -49
  -53
  -57
  -61
  -64
  -68
  -71
  -74
  -78
  -81
  -84
  -88
  -91
  -95
  -99
  -103
  -107
  -111
  -115
Cash from operations, $m
  73
  148
  249
  373
  524
  703
  911
  1,150
  1,420
  1,722
  2,056
  2,420
  2,816
  3,241
  3,695
  4,179
  4,690
  5,228
  5,793
  6,385
  7,004
  7,649
  8,321
  9,020
  9,747
  10,503
  11,288
  12,105
  12,953
  13,836
  14,753
Maintenance CAPEX, $m
  0
  -42
  -58
  -78
  -104
  -134
  -170
  -212
  -260
  -314
  -375
  -442
  -515
  -595
  -681
  -772
  -870
  -973
  -1,082
  -1,196
  -1,316
  -1,440
  -1,571
  -1,707
  -1,848
  -1,995
  -2,148
  -2,306
  -2,471
  -2,643
  -2,821
New CAPEX, $m
  -13
  -172
  -218
  -268
  -324
  -385
  -448
  -514
  -582
  -650
  -718
  -786
  -852
  -917
  -981
  -1,043
  -1,104
  -1,163
  -1,222
  -1,279
  -1,337
  -1,395
  -1,453
  -1,512
  -1,572
  -1,634
  -1,698
  -1,765
  -1,834
  -1,907
  -1,983
Cash from investing activities, $m
  -34
  -214
  -276
  -346
  -428
  -519
  -618
  -726
  -842
  -964
  -1,093
  -1,228
  -1,367
  -1,512
  -1,662
  -1,815
  -1,974
  -2,136
  -2,304
  -2,475
  -2,653
  -2,835
  -3,024
  -3,219
  -3,420
  -3,629
  -3,846
  -4,071
  -4,305
  -4,550
  -4,804
Free cash flow, $m
  39
  -66
  -27
  26
  96
  184
  293
  424
  579
  758
  963
  1,193
  1,448
  1,729
  2,034
  2,363
  2,716
  3,092
  3,490
  3,910
  4,351
  4,814
  5,297
  5,801
  6,327
  6,874
  7,443
  8,034
  8,648
  9,287
  9,950
Issuance/(repayment) of debt, $m
  16
  106
  134
  165
  200
  237
  276
  317
  358
  400
  442
  484
  525
  565
  604
  642
  680
  716
  752
  788
  823
  859
  895
  931
  968
  1,006
  1,046
  1,087
  1,129
  1,174
  1,221
Issuance/(repurchase) of shares, $m
  0
  2
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  7
  108
  134
  165
  200
  237
  276
  317
  358
  400
  442
  484
  525
  565
  604
  642
  680
  716
  752
  788
  823
  859
  895
  931
  968
  1,006
  1,046
  1,087
  1,129
  1,174
  1,221
Total cash flow (excl. dividends), $m
  46
  43
  107
  192
  296
  421
  569
  741
  937
  1,158
  1,405
  1,677
  1,973
  2,293
  2,638
  3,005
  3,396
  3,808
  4,242
  4,698
  5,174
  5,672
  6,192
  6,732
  7,295
  7,880
  8,488
  9,121
  9,778
  10,461
  11,171
Retained Cash Flow (-), $m
  45
  -83
  -105
  -129
  -156
  -185
  -216
  -248
  -280
  -313
  -346
  -379
  -411
  -442
  -473
  -503
  -532
  -560
  -589
  -617
  -644
  -672
  -700
  -729
  -758
  -788
  -818
  -850
  -884
  -919
  -955
Prev. year cash balance distribution, $m
 
  10
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  -30
  2
  62
  139
  236
  353
  493
  657
  845
  1,059
  1,298
  1,562
  1,851
  2,165
  2,503
  2,864
  3,247
  3,653
  4,081
  4,530
  5,000
  5,492
  6,004
  6,537
  7,093
  7,670
  8,270
  8,894
  9,542
  10,216
Discount rate, %
 
  6.30
  6.62
  6.95
  7.29
  7.66
  8.04
  8.44
  8.86
  9.31
  9.77
  10.26
  10.78
  11.31
  11.88
  12.47
  13.10
  13.75
  14.44
  15.16
  15.92
  16.72
  17.55
  18.43
  19.35
  20.32
  21.33
  22.40
  23.52
  24.70
  25.93
PV of cash for distribution, $m
 
  -28
  2
  51
  105
  163
  222
  279
  333
  379
  417
  443
  458
  460
  450
  429
  400
  363
  322
  279
  236
  195
  157
  123
  94
  70
  50
  35
  24
  16
  10
Current shareholders' claim on cash, %
  100
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3
  99.3

CNX Coal Resources LP produces and sells high-Btu thermal coal in the Northern Appalachian Basin and the eastern United States. The company hold 25% undivided interest in, and operational control over, Pennsylvania mining complex, which consists of three underground mines and related infrastructure located in southwestern Pennsylvania that produce high-Btu bituminous thermal coal that is sold primarily to electric utilities. CNX Coal Resources GP LLC operates as a general partner of the company. The company was founded in 2015 and is headquartered in Canonsburg, Pennsylvania. CNX Coal Resources LP operates as a subsidiary of CONSOL Energy Inc.

FINANCIAL RATIOS  of  CNX Coal Resources (CNXC)

Valuation Ratios
P/E Ratio 14.4
Price to Sales 1.3
Price to Book 1.6
Price to Tangible Book
Price to Cash Flow 5.1
Price to Free Cash Flow 6.2
Growth Rates
Sales Growth Rate -14.1%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -61.8%
Cap. Spend. - 3 Yr. Gr. Rate -30.8%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 87.2%
Total Debt to Equity 87.2%
Interest Coverage 0
Management Effectiveness
Return On Assets 5%
Ret/ On Assets - 3 Yr. Avg. 14.9%
Return On Total Capital 5.9%
Ret/ On T. Cap. - 3 Yr. Avg. 18.3%
Return On Equity 10.4%
Return On Equity - 3 Yr. Avg. 37.3%
Asset Turnover 0.5
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 24.2%
EBITDA Margin - 3 Yr. Avg. 31%
Operating Margin 12.1%
Oper. Margin - 3 Yr. Avg. 20.7%
Pre-Tax Margin 9.3%
Pre-Tax Margin - 3 Yr. Avg. 18.1%
Net Profit Margin 9.3%
Net Profit Margin - 3 Yr. Avg. 18.1%
Effective Tax Rate 0%
Eff/ Tax Rate - 3 Yr. Avg. 0%
Payout Ratio 165.4%

CNXC stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CNXC stock intrinsic value calculation we used $281 million for the last fiscal year's total revenue generated by CNX Coal Resources. The default revenue input number comes from 2016 income statement of CNX Coal Resources. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CNXC stock valuation model: a) initial revenue growth rate of 38.3% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 6.3%, whose default value for CNXC is calculated based on our internal credit rating of CNX Coal Resources, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CNX Coal Resources.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CNXC stock the variable cost ratio is equal to 15.3%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $207 million in the base year in the intrinsic value calculation for CNXC stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for CNX Coal Resources.

Corporate tax rate of 27% is the nominal tax rate for CNX Coal Resources. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CNXC stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CNXC are equal to 160.1%.

Life of production assets of 10.7 years is the average useful life of capital assets used in CNX Coal Resources operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CNXC is equal to -9.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $227 million for CNX Coal Resources - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 22.783 million for CNX Coal Resources is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CNX Coal Resources at the current share price and the inputted number of shares is $0.4 billion.

RELATED COMPANIES Price Int.Val. Rating
ARLP Alliance Resou 20.10 36.29  str.buy
CNX Consol Energy 16.71 4.18  str.sell
FELP Foresight Ener 4.44 23.37  str.buy
AHGP Alliance Holdi 25.49 73.01  str.buy

COMPANY NEWS

▶ Consol files plans to spin off coal operations and rename gas company   [Jul-13-17 03:35PM  American City Business Journals]
▶ CNX Coal Resources misses 1Q profit forecasts   [05:01AM  Associated Press]
▶ Danger Lurks for These 2 High-Yield Dividend Stocks   [Apr-21-17 01:15PM  Motley Fool]
▶ Peabody Energy: Just Too Darn Cheap?   [Apr-18-17 02:40PM  Barrons.com]
▶ [$$] EPA Head Tells Coal Miners 'Regulatory Assault Is Over'   [Apr-14-17 09:12AM  The Wall Street Journal]
▶ Uncertainty Burns Hot For US Coal   [Mar-01-17 09:55AM  Forbes]
▶ Uncertainty Burns Hot For US Coal   [09:55AM  at Forbes]
▶ Consol Directors Double Down On Open Market Share Buys   [Feb-07-17 02:26PM  TheStreet.com]
▶ How CNX Coal Resources LP (CNXC) Stacks Up Against Its Peers   [Dec-14-16 05:02AM  at Insider Monkey]
▶ The Best High-Yield Dividend Stocks of 2016   [Nov-18-16 10:18AM  at Motley Fool]
▶ Coal company sees improvement in market   [Nov-01-16 12:05PM  at bizjournals.com]
▶ Billionaire David Einhorns Top Dividend Stocks   [Sep-15-16 12:31PM  at Insider Monkey]
▶ The 10 Highest Energy Stock Dividends   [Aug-16-16 01:10PM  at Motley Fool]
Stock chart of CNXC Financial statements of CNXC Annual reports of CNXC
Valuation of Stocks

The paper VALUATION OF STOCKS: The Quest for Intrinsic Value provides a detailed description of our valuation model and discloses the calculation algorithm.

FREE DOWNLOAD
Follow us on:   twitter   twitter   twitter   twitter

VALUATION THEORY       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2017. All rigths reserved.