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DCF Valuation
Base-case fair value
$38.87
Intrinsic $51.83 · 25% MOS
Current price: $32.84
Base-case summary
Our base-case DCF for CNX Resources Corp (CNX) projects 10 years of free cash flow growth at 3.9% for years 1–5 and 2.0% for years 6–10, anchored to 3.9% historical FCF growth, then applies a 2.5% perpetual growth rate and a 8.0% discount rate. Starting from $557M in trailing free cash flow, this produces an intrinsic value of $51.83 per share. A 25% safety margin gives a fair value of $38.87, suggesting the stock is currently 18% undervalued against the $32.84 market price.
See 3 scenarios side by side
Conservative, Base, and Optimistic fair values, plus the sensitivity matrix and FCF history. Free account.
Model inputs
TTM Free Cash Flow
$557M
Cash & equivalents
$4M
Total debt
$2.5B
Shares outstanding
160M