Financials Cognex Corporation

Equities

CGNX

US1924221039

Industrial Machinery & Equipment

Market Closed - Nasdaq 04:00:00 2024-05-20 pm EDT 5-day change 1st Jan Change
48.51 USD +1.38% Intraday chart for Cognex Corporation +3.54% +16.22%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 9,577 14,020 13,748 8,147 7,185 8,222 - -
Enterprise Value (EV) 1 9,406 13,751 13,424 7,965 6,983 7,838 7,667 7,442
P/E ratio 48.3 x 80.3 x 49.8 x 38.3 x 64.2 x 69.4 x 41.9 x 29.4 x
Yield 0.37% 0.28% 0.32% 0.56% 0.69% 0.64% 0.67% 0.72%
Capitalization / Revenue 13.2 x 17.3 x 13.3 x 8.1 x 8.58 x 8.78 x 7.62 x 6.66 x
EV / Revenue 13 x 17 x 12.9 x 7.92 x 8.34 x 8.37 x 7.11 x 6.03 x
EV / EBITDA 56.2 x 56.7 x 40 x 27.6 x 45.2 x 46.4 x 29.9 x 22 x
EV / FCF 40.6 x 60 x 45 x 35.6 x 77.7 x 45.2 x 35.3 x 26 x
FCF Yield 2.46% 1.67% 2.22% 2.81% 1.29% 2.21% 2.83% 3.85%
Price to Book 7.13 x 11.2 x 9.78 x 5.73 x 4.76 x 5.18 x 4.67 x 4.12 x
Nbr of stocks (in thousands) 170,897 174,633 176,799 172,930 172,142 171,821 - -
Reference price 2 56.04 80.28 77.76 47.11 41.74 47.85 47.85 47.85
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 725.6 811 1,037 1,006 837.5 936.8 1,078 1,234
EBITDA 1 167.5 242.4 335.4 288.3 154.5 169 256.7 338
EBIT 1 142.6 170.5 315.1 268.7 137.3 137.9 224 305.6
Operating Margin 19.65% 21.03% 30.38% 26.7% 16.39% 14.72% 20.77% 24.76%
Earnings before Tax (EBT) 1 163 186.9 318.9 250.7 135.3 142.4 231.6 318.5
Net income 1 203.9 176.2 279.9 215.5 113.2 119.9 196.6 279.6
Net margin 28.1% 21.72% 26.99% 21.42% 13.52% 12.8% 18.23% 22.66%
EPS 2 1.160 1.000 1.560 1.230 0.6500 0.6899 1.141 1.630
Free Cash Flow 1 231.5 229.1 298.6 223.7 89.84 173.3 217.3 286.5
FCF margin 31.9% 28.25% 28.79% 22.24% 10.73% 18.5% 20.15% 23.22%
FCF Conversion (EBITDA) 138.2% 94.5% 89.04% 77.61% 58.13% 102.58% 84.66% 84.76%
FCF Conversion (Net income) 113.55% 130.03% 106.69% 103.81% 79.34% 144.58% 110.51% 102.46%
Dividend per Share 2 0.2050 0.2250 0.2450 0.2650 0.2860 0.3057 0.3219 0.3426
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 244.1 282.4 274.6 209.6 239.4 201.1 242.5 197.2 196.7 210.8 239.1 245.4 238 238.6 270.1
EBITDA 1 61.39 91.68 87.36 47.78 61.46 27.09 67.61 34.18 24.85 25.17 42.7 50.25 47.62 42.42 62.67
EBIT 1 56.52 86.73 82.54 42.91 56.48 22.16 62.68 29.06 20.14 19.89 37.03 43.28 41.06 36.69 56.05
Operating Margin 23.16% 30.71% 30.06% 20.47% 23.59% 11.02% 25.84% 14.73% 10.24% 9.43% 15.49% 17.63% 17.25% 15.37% 20.75%
Earnings before Tax (EBT) 1 57.95 87.7 64.42 39.34 59.23 26.22 67.78 27 14.35 17.57 38.99 42.78 42.12 35.6 55.96
Net income 1 53.54 67.33 58.9 33.98 55.31 25.62 57.47 18.92 11.23 12.02 32.81 37.11 35.93 31.39 48.98
Net margin 21.93% 23.84% 21.45% 16.21% 23.1% 12.74% 23.7% 9.59% 5.71% 5.7% 13.72% 15.12% 15.1% 13.15% 18.13%
EPS 2 0.3000 0.3800 0.3400 0.1900 0.3200 0.1500 0.3300 0.1100 0.0700 0.0700 0.1877 0.2127 0.2071 0.1717 0.2754
Dividend per Share 2 0.0600 0.0650 0.0650 0.0650 0.0700 0.0700 0.0700 0.0700 0.0750 - 0.0762 0.0768 0.0781 0.0758 0.0761
Announcement Date 2/17/22 5/5/22 8/2/22 11/3/22 2/16/23 5/4/23 8/3/23 10/31/23 2/15/24 5/2/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 171 269 324 181 203 384 554 780
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 231 229 299 224 89.8 173 217 287
ROE (net income / shareholders' equity) 16.4% 13.5% 20.8% 15% 8.66% 8.85% 12.4% 14.7%
ROA (Net income/ Total Assets) 8.6% 9.56% 14.7% 10.9% - 6.5% 7.8% -
Assets 1 2,371 1,843 1,902 1,981 - 1,845 2,521 -
Book Value Per Share 2 7.860 7.180 7.950 8.230 8.770 9.240 10.20 11.60
Cash Flow per Share 2 1.440 1.370 1.750 1.390 0.6500 1.160 1.560 2.000
Capex 1 21.7 13.3 15.5 19.7 23.1 21.4 23.6 30.8
Capex / Sales 3% 1.64% 1.49% 1.95% 2.76% 2.29% 2.19% 2.5%
Announcement Date 2/13/20 2/11/21 2/17/22 2/16/23 2/15/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
17
Last Close Price
47.85 USD
Average target price
49.5 USD
Spread / Average Target
+3.45%
Consensus
  1. Stock Market
  2. Equities
  3. CGNX Stock
  4. Financials Cognex Corporation
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