Cognex Corp

  • Earnings Score
  • Moat Score
  • Market Cap $7.38B
  • PE 83
  • Debt $NaN
  • Cash $197.08M
  • EV $NaN
  • FCF $92.18M

Earnings

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Sales & Net Margins

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Earnings$89.05M
EBIT$110.04M
ROE6%
ROA5%
FCF$92.18M
Equity$1.57B
Growth Stability51%
PE82.91
PEG-5.65
PB4.71
P/FCF80.1
P/S8.38
Price/Cash0.03
Net Margins11%
Gross Margins68%
Op. Margins12%
Earnings CAGR-2%
Sales Growth YoY19%
Sales Growth QoQ-2%
Sales CAGR8%
FCF CAGR-2%
Equity CAGR8%
Earnings Stability0.04
Earnings Growth YoY56%
Earnings Growth QoQ-18%
Earnings CAGR 5Y-15%
Sales CAGR 5Y3%
FCF CAGR 5Y-21%
Equity CAGR 5Y3%
Earnings CAGR 3Y-9%
Sales CAGR 3Y-9%
FCF CAGR 3Y-39%
Equity CAGR 3Y4%
Market Cap$7.38B
Revenue$881.50M
Dividend Yield1%
Payout Ratio58%
Assets$2.06B
Cash$197.08M
Shares Outstanding171.52M
Earnings Score6%
Moat Score75%
Working Capital501.35M
Current Ratio3.94
Shares Growth 3y-1%
Equity Growth QoQ4%
Equity Growth YoY5%

Assets & ROA

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Stockholders Equity & ROE

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Cognex Corp provides machine vision products that help automate manufacturing processes. The firm's products include vision software, vision systems, vision sensors, and ID products. Vision software combines vision tools with a customer's own cameras and peripheral equipment and can help with several vision tasks, including part location, identification, measurement, and robotic guidance. Vision systems combine a camera, processor, and vision software into a single package. Vision sensors deliver simple, low-cost solutions for common vision applications, such as checking the size of parts. ID products read codes that have been applied to items during the manufacturing process. Cognex generates the largest proportion of its sales in the United States and Europe.

SEC Filings

Direct access to Cognex Corp (CGNX) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2024
    • 10-Q Sep 29
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Oct 01
    • 10-Q Jul 02
    • 10-Q Apr 02
  • 2022
    • 10-K Dec 31
    • 10-Q Oct 02
    • 10-Q Jul 03
    • 10-Q Apr 03

Sector Comparison

How does Cognex Corp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Cognex Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -2%
Stability 4%
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Cognex Corp Discounted Cash Flow

Fully customizable DCF calculator online for Cognex Corp.

= $832M
012345678910TV
fcf$92M$91M$89M$88M$87M$85M$84M$83M$81M$80M$79M$790M
DCF$83M$74M$66M$59M$53M$47M$42M$38M$34M$30M$305M
Value$832M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Net Margins25%42%28%23%27%28%22%27%21%14%11%
ROA-14%15%20%17%9%10%16%13%7%5%
ROE-23%16%16%19%15%14%20%15%8%6%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023TTM
Debt over FCF-----------
Debt over Equity-----------
Growth Stability---100%100%100%88%100%98%51%51%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201412/201512/201612/201712/201812/201912/202012/202112/202212/2023CAGR 5Y
Revenue YoY growth--7%18%45%5%-10%12%28%-3%-17%3%
Earnings YoY growth-54%-20%18%24%-7%-14%59%-23%-47%-15%
Equity YoY growth-12%17%14%4%19%-7%13%1%5%3%
FCF YoY growth--26%69%16%-5%24%-1%30%-25%-60%-21%