COGNEX CORP (CGNX) Stock Fundamental Analysis
USA - NASDAQ:CGNX - US1924221039 - Common Stock
38.53 USD
-0.05 (-0.13%)
Taking everything into account, CGNX scores 7 out of 10 in our fundamental rating. CGNX was compared to 123 industry peers in the Electronic Equipment, Instruments & Components industry. CGNX is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. CGNX has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year CGNX was profitable.
In the past year CGNX had a positive cash flow from operations.
Each year in the past 5 years CGNX has been profitable.
CGNX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
CGNX's Return On Assets of 5.50% is fine compared to the rest of the industry. CGNX outperforms 75.61% of its industry peers.
CGNX's Return On Equity of 7.39% is fine compared to the rest of the industry. CGNX outperforms 66.67% of its industry peers.
Looking at the Return On Invested Capital, with a value of 7.09%, CGNX is in the better half of the industry, outperforming 69.92% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for CGNX is in line with the industry average of 9.58%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 7.39% | ||
| ROIC | 7.09% |
ROA(3y)7.31%
ROA(5y)9.14%
ROE(3y)9.83%
ROE(5y)12.61%
ROIC(3y)7.69%
ROIC(5y)9.5%
1.3 Margins
With an excellent Profit Margin value of 11.33%, CGNX belongs to the best of the industry, outperforming 86.99% of the companies in the same industry.
CGNX's Profit Margin has declined in the last couple of years.
The Operating Margin of CGNX (16.27%) is better than 90.24% of its industry peers.
CGNX's Operating Margin has declined in the last couple of years.
With an excellent Gross Margin value of 67.65%, CGNX belongs to the best of the industry, outperforming 96.75% of the companies in the same industry.
In the last couple of years the Gross Margin of CGNX has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.27% | ||
| PM (TTM) | 11.33% | ||
| GM | 67.65% |
OM growth 3Y-25.46%
OM growth 5Y-8.53%
PM growth 3Y-24.51%
PM growth 5Y-16.2%
GM growth 3Y-2.25%
GM growth 5Y-1.51%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so CGNX is destroying value.
Compared to 1 year ago, CGNX has less shares outstanding
CGNX has less shares outstanding than it did 5 years ago.
There is no outstanding debt for CGNX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
2.2 Solvency
CGNX has an Altman-Z score of 8.91. This indicates that CGNX is financially healthy and has little risk of bankruptcy at the moment.
CGNX has a better Altman-Z score (8.91) than 86.18% of its industry peers.
There is no outstanding debt for CGNX. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.91 |
ROIC/WACC0.78
WACC9.13%
2.3 Liquidity
CGNX has a Current Ratio of 3.96. This indicates that CGNX is financially healthy and has no problem in meeting its short term obligations.
CGNX has a Current ratio of 3.96. This is in the better half of the industry: CGNX outperforms 73.17% of its industry peers.
CGNX has a Quick Ratio of 3.11. This indicates that CGNX is financially healthy and has no problem in meeting its short term obligations.
With a decent Quick ratio value of 3.11, CGNX is doing good in the industry, outperforming 76.42% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.96 | ||
| Quick Ratio | 3.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.62% over the past year.
The Earnings Per Share has been decreasing by -2.03% on average over the past years.
CGNX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.23%.
The Revenue has been growing slightly by 4.74% on average over the past years.
EPS 1Y (TTM)44.62%
EPS 3Y-20.81%
EPS 5Y-2.03%
EPS Q2Q%65%
Revenue 1Y (TTM)10.23%
Revenue growth 3Y-4.11%
Revenue growth 5Y4.74%
Sales Q2Q%17.96%
3.2 Future
Based on estimates for the next years, CGNX will show a very strong growth in Earnings Per Share. The EPS will grow by 29.65% on average per year.
CGNX is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 9.52% yearly.
EPS Next Y31.11%
EPS Next 2Y25.7%
EPS Next 3Y23.02%
EPS Next 5Y29.65%
Revenue Next Year7.81%
Revenue Next 2Y7.89%
Revenue Next 3Y8.29%
Revenue Next 5Y9.52%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 40.99, the valuation of CGNX can be described as expensive.
The rest of the industry has a similar Price/Earnings ratio as CGNX.
CGNX is valuated expensively when we compare the Price/Earnings ratio to 26.28, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 32.96, the valuation of CGNX can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CGNX is on the same level as its industry peers.
CGNX is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 33.61, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.99 | ||
| Fwd PE | 32.96 |
4.2 Price Multiples
CGNX's Enterprise Value to EBITDA ratio is in line with the industry average.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CGNX indicates a somewhat cheap valuation: CGNX is cheaper than 71.54% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.26 | ||
| EV/EBITDA | 32.13 |
4.3 Compensation for Growth
CGNX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CGNX has a very decent profitability rating, which may justify a higher PE ratio.
A more expensive valuation may be justified as CGNX's earnings are expected to grow with 23.02% in the coming years.
PEG (NY)1.32
PEG (5Y)N/A
EPS Next 2Y25.7%
EPS Next 3Y23.02%
5. Dividend
5.1 Amount
With a yearly dividend of 0.86%, CGNX is not a good candidate for dividend investing.
CGNX's Dividend Yield is rather good when compared to the industry average which is at 2.13. CGNX pays more dividend than 84.55% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.36, CGNX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
5.2 History
The dividend of CGNX is nicely growing with an annual growth rate of 8.39%!
CGNX has paid a dividend for at least 10 years, which is a reliable track record.
CGNX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.39%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
49.16% of the earnings are spent on dividend by CGNX. This is a bit on the high side, but may be sustainable.
CGNX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP49.16%
EPS Next 2Y25.7%
EPS Next 3Y23.02%
NASDAQ:CGNX (11/11/2025, 10:14:09 AM)
38.53
-0.05 (-0.13%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.95%
Inst Owner Change-1.39%
Ins Owners0.27%
Ins Owner Change-0.03%
Market Cap6.47B
Revenue(TTM)971.71M
Net Income(TTM)110.12M
Analysts75.86
Price Target48.6 (26.14%)
Short Float %2.68%
Short Ratio2.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
Yearly Dividend0.31
Dividend Growth(5Y)8.39%
DP49.16%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.79%
Min EPS beat(2)3.71%
Max EPS beat(2)11.87%
EPS beat(4)4
Avg EPS beat(4)15.13%
Min EPS beat(4)3.71%
Max EPS beat(4)26.05%
EPS beat(8)8
Avg EPS beat(8)16.02%
EPS beat(12)11
Avg EPS beat(12)15.02%
EPS beat(16)14
Avg EPS beat(16)16.54%
Revenue beat(2)1
Avg Revenue beat(2)1.36%
Min Revenue beat(2)-0.78%
Max Revenue beat(2)3.51%
Revenue beat(4)2
Avg Revenue beat(4)1.05%
Min Revenue beat(4)-0.78%
Max Revenue beat(4)3.51%
Revenue beat(8)4
Avg Revenue beat(8)0.74%
Revenue beat(12)6
Avg Revenue beat(12)0.39%
Revenue beat(16)9
Avg Revenue beat(16)0.94%
PT rev (1m)2.31%
PT rev (3m)5.71%
EPS NQ rev (1m)0.19%
EPS NQ rev (3m)-2.26%
EPS NY rev (1m)3.74%
EPS NY rev (3m)11.39%
Revenue NQ rev (1m)0.69%
Revenue NQ rev (3m)-0.53%
Revenue NY rev (1m)1.01%
Revenue NY rev (3m)2.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.99 | ||
| Fwd PE | 32.96 | ||
| P/S | 6.66 | ||
| P/FCF | 30.26 | ||
| P/OCF | 29.14 | ||
| P/B | 4.34 | ||
| P/tB | 6.4 | ||
| EV/EBITDA | 32.13 |
EPS(TTM)0.94
EY2.44%
EPS(NY)1.17
Fwd EY3.03%
FCF(TTM)1.27
FCFY3.3%
OCF(TTM)1.32
OCFY3.43%
SpS5.79
BVpS8.87
TBVpS6.02
PEG (NY)1.32
PEG (5Y)N/A
Graham Number13.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 7.39% | ||
| ROCE | 8.62% | ||
| ROIC | 7.09% | ||
| ROICexc | 8.48% | ||
| ROICexgc | 12.33% | ||
| OM | 16.27% | ||
| PM (TTM) | 11.33% | ||
| GM | 67.65% | ||
| FCFM | 22% |
ROA(3y)7.31%
ROA(5y)9.14%
ROE(3y)9.83%
ROE(5y)12.61%
ROIC(3y)7.69%
ROIC(5y)9.5%
ROICexc(3y)9.56%
ROICexc(5y)11.82%
ROICexgc(3y)12.73%
ROICexgc(5y)15.09%
ROCE(3y)9.35%
ROCE(5y)11.55%
ROICexgc growth 3Y-25.69%
ROICexgc growth 5Y-4.75%
ROICexc growth 3Y-29.85%
ROICexc growth 5Y-7.09%
OM growth 3Y-25.46%
OM growth 5Y-8.53%
PM growth 3Y-24.51%
PM growth 5Y-16.2%
GM growth 3Y-2.25%
GM growth 5Y-1.51%
F-Score8
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 26.24% | ||
| Cap/Sales | 0.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 117.19% | ||
| Profit Quality | 194.14% | ||
| Current Ratio | 3.96 | ||
| Quick Ratio | 3.11 | ||
| Altman-Z | 8.91 |
F-Score8
WACC9.13%
ROIC/WACC0.78
Cap/Depr(3y)84%
Cap/Depr(5y)75.71%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.9%
Profit Quality(3y)103.13%
Profit Quality(5y)109.22%
High Growth Momentum
Growth
EPS 1Y (TTM)44.62%
EPS 3Y-20.81%
EPS 5Y-2.03%
EPS Q2Q%65%
EPS Next Y31.11%
EPS Next 2Y25.7%
EPS Next 3Y23.02%
EPS Next 5Y29.65%
Revenue 1Y (TTM)10.23%
Revenue growth 3Y-4.11%
Revenue growth 5Y4.74%
Sales Q2Q%17.96%
Revenue Next Year7.81%
Revenue Next 2Y7.89%
Revenue Next 3Y8.29%
Revenue Next 5Y9.52%
EBIT growth 1Y67.86%
EBIT growth 3Y-28.52%
EBIT growth 5Y-4.2%
EBIT Next Year53.61%
EBIT Next 3Y31.29%
EBIT Next 5Y22.1%
FCF growth 1Y47.96%
FCF growth 3Y-23.43%
FCF growth 5Y-10.36%
OCF growth 1Y34.8%
OCF growth 3Y-22%
OCF growth 5Y-10.06%
COGNEX CORP / CGNX FAQ
What is the fundamental rating for CGNX stock?
ChartMill assigns a fundamental rating of 7 / 10 to CGNX.
What is the valuation status of COGNEX CORP (CGNX) stock?
ChartMill assigns a valuation rating of 4 / 10 to COGNEX CORP (CGNX). This can be considered as Fairly Valued.
What is the profitability of CGNX stock?
COGNEX CORP (CGNX) has a profitability rating of 6 / 10.
What is the earnings growth outlook for COGNEX CORP?
The Earnings per Share (EPS) of COGNEX CORP (CGNX) is expected to grow by 31.11% in the next year.
Can you provide the dividend sustainability for CGNX stock?
The dividend rating of COGNEX CORP (CGNX) is 5 / 10 and the dividend payout ratio is 49.16%.