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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash to Debt 0.10
CNX's Cash to Debt is ranked lower than
55% of the 165 Companies
in the Global Coal industry.

( Industry Median: 0.32 vs. CNX: 0.10 )
CNX' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.77
Current: 0.1

0.01
0.77
Equity to Asset 0.44
CNX's Equity to Asset is ranked higher than
66% of the 148 Companies
in the Global Coal industry.

( Industry Median: 0.45 vs. CNX: 0.44 )
CNX' s 10-Year Equity to Asset Range
Min: -0.03   Max: 0.44
Current: 0.44

-0.03
0.44
Interest Coverage 1.21
CNX's Interest Coverage is ranked lower than
51% of the 71 Companies
in the Global Coal industry.

( Industry Median: 5.20 vs. CNX: 1.21 )
CNX' s 10-Year Interest Coverage Range
Min: 0.01   Max: 25.09
Current: 1.21

0.01
25.09
F-Score: 4
Z-Score: 1.55
M-Score: -2.98
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) 8.04
CNX's Operating margin (%) is ranked higher than
75% of the 144 Companies
in the Global Coal industry.

( Industry Median: 5.50 vs. CNX: 8.04 )
CNX' s 10-Year Operating margin (%) Range
Min: 0.01   Max: 19.94
Current: 8.04

0.01
19.94
Net-margin (%) 20.02
CNX's Net-margin (%) is ranked higher than
94% of the 144 Companies
in the Global Coal industry.

( Industry Median: 3.01 vs. CNX: 20.02 )
CNX' s 10-Year Net-margin (%) Range
Min: -0.35   Max: 20.02
Current: 20.02

-0.35
20.02
ROE (%) 13.19
CNX's ROE (%) is ranked higher than
88% of the 155 Companies
in the Global Coal industry.

( Industry Median: 3.18 vs. CNX: 13.19 )
CNX' s 10-Year ROE (%) Range
Min: -2.68   Max: 60.7
Current: 13.19

-2.68
60.7
ROA (%) 5.80
CNX's ROA (%) is ranked higher than
85% of the 164 Companies
in the Global Coal industry.

( Industry Median: 0.56 vs. CNX: 5.80 )
CNX' s 10-Year ROA (%) Range
Min: -0.18   Max: 11.45
Current: 5.8

-0.18
11.45
ROC (Joel Greenblatt) (%) 2.81
CNX's ROC (Joel Greenblatt) (%) is ranked higher than
68% of the 164 Companies
in the Global Coal industry.

( Industry Median: 4.51 vs. CNX: 2.81 )
CNX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 0.01   Max: 19.29
Current: 2.81

0.01
19.29
Revenue Growth (%) -15.90
CNX's Revenue Growth (%) is ranked lower than
53% of the 117 Companies
in the Global Coal industry.

( Industry Median: 2.60 vs. CNX: -15.90 )
CNX' s 10-Year Revenue Growth (%) Range
Min: -15.9   Max: 31.1
Current: -15.9

-15.9
31.1
EBITDA Growth (%) -18.00
CNX's EBITDA Growth (%) is ranked higher than
55% of the 103 Companies
in the Global Coal industry.

( Industry Median: 2.00 vs. CNX: -18.00 )
CNX' s 10-Year EBITDA Growth (%) Range
Min: -20.1   Max: 45.6
Current: -18

-20.1
45.6
EPS Growth (%) -39.70
CNX's EPS Growth (%) is ranked higher than
51% of the 104 Companies
in the Global Coal industry.

( Industry Median: -5.50 vs. CNX: -39.70 )
CNX' s 10-Year EPS Growth (%) Range
Min: -68.2   Max: 377.7
Current: -39.7

-68.2
377.7
» CNX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q2 2013

CNX Guru Trades in Q2 2013

Ray Dalio 30,020 sh (+361.85%)
Arnold Schneider 229,551 sh (+78.35%)
Tom Gayner 31,000 sh (+3.33%)
Mario Gabelli 1,134,627 sh (+0.02%)
Brian Rogers 5,500,000 sh (unchged)
T Boone Pickens Sold Out
George Soros Sold Out
Mason Hawkins 24,163,591 sh (-1.33%)
Steven Cohen 842,724 sh (-74%)
John Burbank 411,803 sh (-76.48%)
» More
Q3 2013

CNX Guru Trades in Q3 2013

Jean-Marie Eveillard 7,530 sh (New)
Steven Cohen 1,720,130 sh (+104.12%)
Mario Gabelli 1,184,447 sh (+4.39%)
Brian Rogers 5,500,000 sh (unchged)
John Burbank Sold Out
Tom Gayner 30,000 sh (-3.23%)
Mason Hawkins 22,261,258 sh (-7.87%)
Arnold Schneider 211,376 sh (-7.92%)
Ray Dalio 27,620 sh (-7.99%)
» More
Q4 2013

CNX Guru Trades in Q4 2013

Jean-Marie Eveillard 14,110 sh (+87.38%)
Ray Dalio 41,020 sh (+48.52%)
Mario Gabelli 1,536,275 sh (+29.7%)
Arnold Schneider 234,886 sh (+11.12%)
Mason Hawkins 22,691,279 sh (+1.93%)
Brian Rogers 5,500,000 sh (unchged)
Tom Gayner Sold Out
Steven Cohen 401,307 sh (-76.67%)
» More
Q1 2014

CNX Guru Trades in Q1 2014

Brian Rogers 5,500,000 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with CNX

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Mario Gabelli 2013-12-31 Add 29.7%0.07%$34.3 - $38.42 $ 42.2315%1536275
Tom Gayner 2013-12-31 Sold Out 0.04%$34.3 - $38.42 $ 42.2315%0
Ray Dalio 2013-12-31 Add 48.52%$34.3 - $38.42 $ 42.2315%41020
Jean-Marie Eveillard 2013-12-31 Add 87.38%$34.3 - $38.42 $ 42.2315%14110
John Burbank 2013-09-30 Sold Out 0.37%$26.51 - $35.56 $ 42.2335%0
Mason Hawkins 2013-09-30 Reduce -7.87%0.25%$26.51 - $35.56 $ 42.2335%22261258
Jean-Marie Eveillard 2013-09-30 New Buy$26.51 - $35.56 $ 42.2335%7530
John Burbank 2013-06-30 Reduce -76.48%1.76%$27.1 - $35.79 $ 42.2328%411803
George Soros 2013-06-30 Sold Out 0.08%$27.1 - $35.79 $ 42.2328%0
Ray Dalio 2013-06-30 Add 361.85%0.01%$27.1 - $35.79 $ 42.2328%30020
John Burbank 2013-03-31 Add 17.89%0.35%$29.91 - $34.79 $ 42.2332%1750499
George Soros 2013-03-31 New Buy0.08%$29.91 - $34.79 $ 42.2332%195991
Ray Dalio 2013-03-31 New Buy$29.91 - $34.79 $ 42.2332%6500
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Consol Energy Inc

Mason Hawkins's Longleaf Partners Comments on CONSOL Energy - Oct 25, 2013

Other strong performers in the quarter included Level 3, up 27%, and CONSOL Energy (CNX), up 25%. At Level 3, since taking over as CEO in April, Jeff Storey has implemented the necessary steps to grow top line and increase cash flow by reducing costs and focusing on higher margin enterprise customers. Brett Harvey, CEO at CONSOL indicated that management is exploring the sale of assets and could potentially split the company into various parts: natural gas, coal, and infrastructure. Even with meaningful recent stock gains, both companies remain among our most discounted names.

From Mason Hawkins' Longleaf Partners Fund third quarter 2013 commentary.


Check out Mason Hawkins latest stock trades

Mason Hawkins Comments on Consol Energy - Aug 13, 2013

The Fund's largest detractor in the quarter was Consol Energy (CNX), which fell 19% as lower coal prices and regulatory uncertainty punished all coal producers. The weak quarter also made CNX the largest performance detractor for the YTD with a 15% decline. Slowing Chinese demand has reverberated into worldwide price compression in met coal, which is used to make steel and is less than 15% of our CNX appraisal. Thermal coal used for power generation comprises much more of CNX's output and value. Less than 5% of the thermal coal CNX sold in 2012 went to power plants that are at risk of shutting down in the near term based on regulatory actions. Importantly, half of Consol's value is tied to its natural gas assets in the Utica and Marcellus shale plays, which arguably benefit if coal faces increased environmental regulation. The company also owns a port in Baltimore.

From Mason Hawkins' semi-annual 2013 report.
Check out Mason Hawkins latest stock trades

Top Ranked Articles about Consol Energy Inc

Southeastern Asset Management, Chase Coleman Add to Positions
Chase Coleman (Trades, Portfolio) of Tiger Global Management and Mason Hawkins (Trades, Portfolio) of Southeastern Asset Management both found two stocks within their portfolios worth growing this week. Southeastern Asset Management seeks deeply discounted but good businesses for its portfolio, which contains 33 stocks and is valued at $20.4 billion. Tiger Global Management is also a fundamental-based firm but which also invests according to long-term sector trends. Its long equity portfolio holds 61 stocks with a combined value of $8 billion. Read more...
Mason Hawkins's Longleaf Partners Comments on CONSOL Energy
Other strong performers in the quarter included Level 3, up 27%, and CONSOL Energy (CNX), up 25%. At Level 3, since taking over as CEO in April, Jeff Storey has implemented the necessary steps to grow top line and increase cash flow by reducing costs and focusing on higher margin enterprise customers. Brett Harvey, CEO at CONSOL indicated that management is exploring the sale of assets and could potentially split the company into various parts: natural gas, coal, and infrastructure. Even with meaningful recent stock gains, both companies remain among our most discounted names. Read more...
Mason Hawkins Comments on Consol Energy
The Fund's largest detractor in the quarter was Consol Energy (CNX), which fell 19% as lower coal prices and regulatory uncertainty punished all coal producers. The weak quarter also made CNX the largest performance detractor for the YTD with a 15% decline. Slowing Chinese demand has reverberated into worldwide price compression in met coal, which is used to make steel and is less than 15% of our CNX appraisal. Thermal coal used for power generation comprises much more of CNX's output and value. Less than 5% of the thermal coal CNX sold in 2012 went to power plants that are at risk of shutting down in the near term based on regulatory actions. Importantly, half of Consol's value is tied to its natural gas assets in the Utica and Marcellus shale plays, which arguably benefit if coal faces increased environmental regulation. The company also owns a port in Baltimore. Read more...

Ratios

vs
industry
vs
history
P/E(ttm) 15.00
CNX's P/E(ttm) is ranked higher than
68% of the 97 Companies
in the Global Coal industry.

( Industry Median: 17.40 vs. CNX: 15.00 )
CNX' s 10-Year P/E(ttm) Range
Min: 8.09   Max: 122.34
Current: 15

8.09
122.34
P/B 1.93
CNX's P/B is ranked lower than
59% of the 157 Companies
in the Global Coal industry.

( Industry Median: 0.84 vs. CNX: 1.93 )
CNX' s 10-Year P/B Range
Min: 1.51   Max: 16.56
Current: 1.93

1.51
16.56
P/S 2.94
CNX's P/S is ranked lower than
69% of the 154 Companies
in the Global Coal industry.

( Industry Median: 0.90 vs. CNX: 2.94 )
CNX' s 10-Year P/S Range
Min: 0.66   Max: 5.29
Current: 2.94

0.66
5.29
EV-to-EBIT 58.31
CNX's EV-to-EBIT is ranked lower than
66% of the 107 Companies
in the Global Coal industry.

( Industry Median: 16.40 vs. CNX: 58.31 )
CNX' s 10-Year EV-to-EBIT Range
Min: 7.5   Max: 9054
Current: 58.31

7.5
9054
PEG 3.70
CNX's PEG is ranked lower than
55% of the 60 Companies
in the Global Coal industry.

( Industry Median: 1.51 vs. CNX: 3.70 )
CNX' s 10-Year PEG Range
Min: 0.38   Max: 5.81
Current: 3.7

0.38
5.81
Shiller P/E 16.88
CNX's Shiller P/E is ranked higher than
51% of the 73 Companies
in the Global Coal industry.

( Industry Median: 8.29 vs. CNX: 16.88 )
CNX' s 10-Year Shiller P/E Range
Min: 12.03   Max: 70.41
Current: 16.88

12.03
70.41

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 1.04
CNX's Dividend Yield is ranked lower than
88% of the 97 Companies
in the Global Coal industry.

( Industry Median: 4.20 vs. CNX: 1.04 )
CNX' s 10-Year Dividend Yield Range
Min: 0.33   Max: 3.01
Current: 1.04

0.33
3.01
Dividend Payout 1.07
CNX's Dividend Payout is ranked higher than
92% of the 64 Companies
in the Global Coal industry.

( Industry Median: 0.60 vs. CNX: 1.07 )
CNX' s 10-Year Dividend Payout Range
Min: 0.09   Max: 112
Current: 1.07

0.09
112
Dividend growth (3y) -2.10
CNX's Dividend growth (3y) is ranked higher than
71% of the 58 Companies
in the Global Coal industry.

( Industry Median: 4.80 vs. CNX: -2.10 )
CNX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 16
Current: -2.1

0
16
Yield on cost (5-Year) 1.29
CNX's Yield on cost (5-Year) is ranked lower than
80% of the 100 Companies
in the Global Coal industry.

( Industry Median: 3.84 vs. CNX: 1.29 )
CNX' s 10-Year Yield on cost (5-Year) Range
Min: 0.39   Max: 3.52
Current: 1.29

0.39
3.52
Share Buyback Rate -2.00
CNX's Share Buyback Rate is ranked higher than
78% of the 113 Companies
in the Global Coal industry.

( Industry Median: -8.10 vs. CNX: -2.00 )
CNX' s 10-Year Share Buyback Rate Range
Min: 9.9   Max: -7.8
Current: -2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.93
CNX's Price/Tangible Book is ranked lower than
62% of the 143 Companies
in the Global Coal industry.

( Industry Median: 1.20 vs. CNX: 1.93 )
CNX' s 10-Year Price/Tangible Book Range
Min: 1.74   Max: 10.69
Current: 1.93

1.74
10.69
Price/DCF (Projected) 4.45
CNX's Price/DCF (Projected) is ranked lower than
62% of the 68 Companies
in the Global Coal industry.

( Industry Median: 0.70 vs. CNX: 4.45 )
CNX' s 10-Year Price/DCF (Projected) Range
Min: 2.61   Max: 18.24
Current: 4.45

2.61
18.24
Price/Median PS Value 1.72
CNX's Price/Median PS Value is ranked lower than
67% of the 131 Companies
in the Global Coal industry.

( Industry Median: 0.41 vs. CNX: 1.72 )
CNX' s 10-Year Price/Median PS Value Range
Min: 0.31   Max: 2.15
Current: 1.72

0.31
2.15
Price/Graham Number 3.23
CNX's Price/Graham Number is ranked lower than
67% of the 87 Companies
in the Global Coal industry.

( Industry Median: 1.14 vs. CNX: 3.23 )
CNX' s 10-Year Price/Graham Number Range
Min: 1.16   Max: 24.35
Current: 3.23

1.16
24.35
Earnings Yield (Greenblatt) 1.70
CNX's Earnings Yield (Greenblatt) is ranked lower than
58% of the 119 Companies
in the Global Coal industry.

( Industry Median: 5.90 vs. CNX: 1.70 )
CNX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 13.3
Current: 1.7

0.7
13.3
Forward Rate of Return (Yacktman) -14.21
CNX's Forward Rate of Return (Yacktman) is ranked higher than
60% of the 120 Companies
in the Global Coal industry.

( Industry Median: -0.81 vs. CNX: -14.21 )
CNX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -14.5   Max: 37.4
Current: -14.21

-14.5
37.4

Business Description

Industry: Coal » Coal
Compare:BTU, CSUAY, YZC, ITAYY, ADOOY » details
Traded in other countries:CGD.Germany
Consol Energy Inc. was incorporated in Delaware. The Company is a multi-fuel energy producer and energy services provider that mainly serves the electric power generation industry in the United States. The electric power industry generates over two-thirds of its output by burning coal or gas, the two fuels it produce. During the year ended December 31, 2011, it produced 62.6 million tons of high-British thermal unit (Btu) bituminous coal from 12 mining complexes in the United States. During this same period, its natural gas production totaled 153.5 net billion cubic feet equivalent (Bcfe) from approximately 15,000 gross natural gas wells primarily in Appalachia. Coal produced from its mines has a high-Btu content which creates more energy per unit when burned compared to coals with lower Btu content. The Company has two main business units: Coal and Gas. The principal activities of the Coal unit are mining, preparation and marketing of steam coal, sold mainly to power generators, and of metallurgical coal, sold to steel and coke producers. The Coal unit includes four reportable segments. These reportable segments are Northern Appalachian, Central Appalachian, Metallurgical and Other Coal. Each of these reportable segments includes a number of operating segments (mines). It assigns coal reserves to each of its mining complexes. The amount of coal it assigns to a mining complex generally is sufficient to support mining through the duration of current mining permit. It sells coal produced by its mining complexes and additional coal that is purchased by the Company for resale from other producers. It maintains United States sales offices in Atlanta, Philadelphia and Pittsburgh and an overseas office in Brussels, Belgium. The Company sells coal to customers under arrangements that are the result of both bidding procedures and negotiations. Consol Energy sells coal for terms that range from a single shipment to multi-year agreements for millions of tons. y is a leader in developing unconventional gas resources including the development of coalbed methane (CBM) production in the Eastern United States. Its gas operations produced 153.5 net Bcfe made up of a combination of CBM (60%), which is gas that resides in coal seams, natural gas from various shallow oil and gas sites (21%), natural gas from the Marcellus Shale (18%), and other unconventional reservoirs (1%). CONSOL Energy reported estimated net proved gas reserves of 3.5 trillion cubic feet. These reserves were made up of CBM (50%), Marcellus (25%), shallow oil and gas (21%) and other (4%). CONSOL Energy controls considerable resource positions in other unconventional shale plays including: Chattanooga, New Albany, Utica, Huron and other shales. It operates an ash disposal facility on a 61-acre site in northern West Virginia to handle ash residues for coal customers that are unable to dispose of ash on-site at its generating facilities. This facility became operational in early 199

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