COGNEX CORP (CGNX) Fundamental Analysis & Valuation

NASDAQ:CGNX • US1924221039

Current stock price

53.91 USD
+0.13 (+0.24%)
At close:
53.98 USD
+0.07 (+0.13%)
Pre-Market:

This CGNX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

7

1. CGNX Profitability Analysis

1.1 Basic Checks

  • CGNX had positive earnings in the past year.
  • In the past year CGNX had a positive cash flow from operations.
  • Each year in the past 5 years CGNX has been profitable.
  • Each year in the past 5 years CGNX had a positive operating cash flow.
CGNX Yearly Net Income VS EBIT VS OCF VS FCFCGNX Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M

1.2 Ratios

  • CGNX has a better Return On Assets (5.68%) than 75.81% of its industry peers.
  • Looking at the Return On Equity, with a value of 7.67%, CGNX is in the better half of the industry, outperforming 62.10% of the companies in the same industry.
  • CGNX has a Return On Invested Capital of 6.36%. This is in the better half of the industry: CGNX outperforms 66.13% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for CGNX is below the industry average of 8.20%.
  • The 3 year average ROIC (5.20%) for CGNX is below the current ROIC(6.36%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 5.68%
ROE 7.67%
ROIC 6.36%
ROA(3y)5.54%
ROA(5y)8.32%
ROE(3y)7.4%
ROE(5y)11.35%
ROIC(3y)5.2%
ROIC(5y)7.78%
CGNX Yearly ROA, ROE, ROICCGNX Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • CGNX has a Profit Margin of 11.51%. This is amongst the best in the industry. CGNX outperforms 86.29% of its industry peers.
  • CGNX's Profit Margin has declined in the last couple of years.
  • With an excellent Operating Margin value of 16.35%, CGNX belongs to the best of the industry, outperforming 91.94% of the companies in the same industry.
  • CGNX's Operating Margin has declined in the last couple of years.
  • CGNX has a Gross Margin of 66.92%. This is amongst the best in the industry. CGNX outperforms 97.58% of its industry peers.
  • In the last couple of years the Gross Margin of CGNX has declined.
Industry RankSector Rank
OM 16.35%
PM (TTM) 11.51%
GM 66.92%
OM growth 3Y-15.08%
OM growth 5Y-8.44%
PM growth 3Y-18.7%
PM growth 5Y-11.93%
GM growth 3Y-2.3%
GM growth 5Y-2.14%
CGNX Yearly Profit, Operating, Gross MarginsCGNX Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

9

2. CGNX Health Analysis

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
  • Compared to 5 years ago, CGNX has less shares outstanding
  • 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.
CGNX Yearly Shares OutstandingCGNX Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
CGNX Yearly Total Debt VS Total AssetsCGNX Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B

2.2 Solvency

  • An Altman-Z score of 11.64 indicates that CGNX is not in any danger for bankruptcy at the moment.
  • Looking at the Altman-Z score, with a value of 11.64, CGNX belongs to the top of the industry, outperforming 88.71% of the companies in the same industry.
  • 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 RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 11.64
ROIC/WACC0.67
WACC9.55%
CGNX Yearly LT Debt VS Equity VS FCFCGNX Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

2.3 Liquidity

  • A Current Ratio of 3.80 indicates that CGNX has no problem at all paying its short term obligations.
  • CGNX's Current ratio of 3.80 is fine compared to the rest of the industry. CGNX outperforms 70.16% of its industry peers.
  • CGNX has a Quick Ratio of 3.05. This indicates that CGNX is financially healthy and has no problem in meeting its short term obligations.
  • CGNX's Quick ratio of 3.05 is fine compared to the rest of the industry. CGNX outperforms 72.58% of its industry peers.
Industry RankSector Rank
Current Ratio 3.8
Quick Ratio 3.05
CGNX Yearly Current Assets VS Current LiabilitesCGNX Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. CGNX Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 36.49% over the past year.
  • The Earnings Per Share has been decreasing by -0.77% on average over the past years.
  • The Revenue has grown by 8.73% in the past year. This is quite good.
  • CGNX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.16% yearly.
EPS 1Y (TTM)36.49%
EPS 3Y-8.3%
EPS 5Y-0.77%
EPS Q2Q%35%
Revenue 1Y (TTM)8.73%
Revenue growth 3Y-0.39%
Revenue growth 5Y4.16%
Sales Q2Q%9.86%

3.2 Future

  • The Earnings Per Share is expected to grow by 22.78% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 1.76% on average over the next years.
EPS Next Y26.23%
EPS Next 2Y24.02%
EPS Next 3Y17.04%
EPS Next 5Y22.78%
Revenue Next Year9.09%
Revenue Next 2Y8.9%
Revenue Next 3Y9.74%
Revenue Next 5Y1.76%

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 decreasing: in the next years the growth will be less than in the last years.
CGNX Yearly Revenue VS EstimatesCGNX Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 500M 1B 1.5B
CGNX Yearly EPS VS EstimatesCGNX Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0.5 1 1.5 2

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3

4. CGNX Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 53.38, the valuation of CGNX can be described as expensive.
  • CGNX's Price/Earnings ratio is in line with the industry average.
  • When comparing the Price/Earnings ratio of CGNX to the average of the S&P500 Index (26.91), we can say CGNX is valued expensively.
  • A Price/Forward Earnings ratio of 42.29 indicates a quite expensive valuation of CGNX.
  • The rest of the industry has a similar Price/Forward Earnings ratio as CGNX.
  • The average S&P500 Price/Forward Earnings ratio is at 23.68. CGNX is valued rather expensively when compared to this.
Industry RankSector Rank
PE 53.38
Fwd PE 42.29
CGNX Price Earnings VS Forward Price EarningsCGNX Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • CGNX's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 66.94% of the companies in the same industry are more expensive than CGNX, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 38.03
EV/EBITDA 44.44
CGNX Per share dataCGNX EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates CGNX does not grow enough to justify the current Price/Earnings ratio.
  • 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 17.04% in the coming years.
PEG (NY)2.04
PEG (5Y)N/A
EPS Next 2Y24.02%
EPS Next 3Y17.04%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. CGNX Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.71%, 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 0.46. CGNX pays more dividend than 82.26% of the companies in the same industry.
  • With a Dividend Yield of 0.71, CGNX pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.71%

5.2 History

  • The dividend of CGNX decreases each year by -32.10%.
  • 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)-32.1%
Div Incr Years4
Div Non Decr Years4
CGNX Yearly Dividends per shareCGNX Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0.5 1 1.5 2

5.3 Sustainability

  • 47.73% of the earnings are spent on dividend by CGNX. This is a bit on the high side, but may be sustainable.
DP47.73%
EPS Next 2Y24.02%
EPS Next 3Y17.04%
CGNX Yearly Income VS Free CF VS DividendCGNX Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M
CGNX Dividend Payout.CGNX Dividend Payout, showing the Payout Ratio.CGNX Dividend Payout.PayoutRetained Earnings

More info and screens

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CGNX Fundamentals: All Metrics, Ratios and Statistics

COGNEX CORP

NASDAQ:CGNX (4/9/2026, 8:17:44 PM)

Premarket: 53.98 +0.07 (+0.13%)

53.91

+0.13 (+0.24%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11
Earnings (Next)04-30
Inst Owners103.96%
Inst Owner Change0%
Ins Owners0.3%
Ins Owner Change1.46%
Market Cap9.00B
Revenue(TTM)994.36M
Net Income(TTM)114.44M
Analysts77.93
Price Target66.1 (22.61%)
Short Float %2.4%
Short Ratio1.69
Dividend
Industry RankSector Rank
Dividend Yield 0.71%
Yearly Dividend0.32
Dividend Growth(5Y)-32.1%
DP47.73%
Div Incr Years4
Div Non Decr Years4
Ex-Date02-26
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)15.94%
Min EPS beat(2)11.87%
Max EPS beat(2)20%
EPS beat(4)4
Avg EPS beat(4)13.62%
Min EPS beat(4)3.71%
Max EPS beat(4)20%
EPS beat(8)8
Avg EPS beat(8)17.01%
EPS beat(12)12
Avg EPS beat(12)18.03%
EPS beat(16)14
Avg EPS beat(16)15.8%
Revenue beat(2)2
Avg Revenue beat(2)3.4%
Min Revenue beat(2)3.29%
Max Revenue beat(2)3.51%
Revenue beat(4)2
Avg Revenue beat(4)1.37%
Min Revenue beat(4)-0.78%
Max Revenue beat(4)3.51%
Revenue beat(8)4
Avg Revenue beat(8)0.87%
Revenue beat(12)7
Avg Revenue beat(12)1.04%
Revenue beat(16)9
Avg Revenue beat(16)0.69%
PT rev (1m)0.24%
PT rev (3m)35.54%
EPS NQ rev (1m)0.16%
EPS NQ rev (3m)30.36%
EPS NY rev (1m)10.31%
EPS NY rev (3m)9.24%
Revenue NQ rev (1m)-0.05%
Revenue NQ rev (3m)7.87%
Revenue NY rev (1m)0.65%
Revenue NY rev (3m)1.87%
Valuation
Industry RankSector Rank
PE 53.38
Fwd PE 42.29
P/S 9.05
P/FCF 38.03
P/OCF 36.67
P/B 6.03
P/tB 8.79
EV/EBITDA 44.44
EPS(TTM)1.01
EY1.87%
EPS(NY)1.27
Fwd EY2.36%
FCF(TTM)1.42
FCFY2.63%
OCF(TTM)1.47
OCFY2.73%
SpS5.95
BVpS8.93
TBVpS6.13
PEG (NY)2.04
PEG (5Y)N/A
Graham Number14.25
Profitability
Industry RankSector Rank
ROA 5.68%
ROE 7.67%
ROCE 8.87%
ROIC 6.36%
ROICexc 7.79%
ROICexgc 11.33%
OM 16.35%
PM (TTM) 11.51%
GM 66.92%
FCFM 23.81%
ROA(3y)5.54%
ROA(5y)8.32%
ROE(3y)7.4%
ROE(5y)11.35%
ROIC(3y)5.2%
ROIC(5y)7.78%
ROICexc(3y)6.25%
ROICexc(5y)9.59%
ROICexgc(3y)9.12%
ROICexgc(5y)12.58%
ROCE(3y)7.25%
ROCE(5y)10.86%
ROICexgc growth 3Y-13.1%
ROICexgc growth 5Y-4.48%
ROICexc growth 3Y-17.85%
ROICexc growth 5Y-7.32%
OM growth 3Y-15.08%
OM growth 5Y-8.44%
PM growth 3Y-18.7%
PM growth 5Y-11.93%
GM growth 3Y-2.3%
GM growth 5Y-2.14%
F-Score8
Asset Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 28.39%
Cap/Sales 0.88%
Interest Coverage 250
Cash Conversion 126.97%
Profit Quality 206.89%
Current Ratio 3.8
Quick Ratio 3.05
Altman-Z 11.64
F-Score8
WACC9.55%
ROIC/WACC0.67
Cap/Depr(3y)59.96%
Cap/Depr(5y)71.35%
Cap/Sales(3y)1.76%
Cap/Sales(5y)1.75%
Profit Quality(3y)137.49%
Profit Quality(5y)124.59%
High Growth Momentum
Growth
EPS 1Y (TTM)36.49%
EPS 3Y-8.3%
EPS 5Y-0.77%
EPS Q2Q%35%
EPS Next Y26.23%
EPS Next 2Y24.02%
EPS Next 3Y17.04%
EPS Next 5Y22.78%
Revenue 1Y (TTM)8.73%
Revenue growth 3Y-0.39%
Revenue growth 5Y4.16%
Sales Q2Q%9.86%
Revenue Next Year9.09%
Revenue Next 2Y8.9%
Revenue Next 3Y9.74%
Revenue Next 5Y1.76%
EBIT growth 1Y41.28%
EBIT growth 3Y-15.41%
EBIT growth 5Y-4.63%
EBIT Next Year44.39%
EBIT Next 3Y27.01%
EBIT Next 5Y24.18%
FCF growth 1Y76.64%
FCF growth 3Y1.91%
FCF growth 5Y0.66%
OCF growth 1Y64.69%
OCF growth 3Y0.29%
OCF growth 5Y0.26%

COGNEX CORP / CGNX Fundamental Analysis FAQ

What is the fundamental rating for CGNX stock?

ChartMill assigns a fundamental rating of 6 / 10 to CGNX.


What is the valuation status for CGNX stock?

ChartMill assigns a valuation rating of 3 / 10 to COGNEX CORP (CGNX). This can be considered as Overvalued.


How profitable is COGNEX CORP (CGNX) stock?

COGNEX CORP (CGNX) has a profitability rating of 7 / 10.


Can you provide the financial health for CGNX stock?

The financial health rating of COGNEX CORP (CGNX) is 9 / 10.


What is the earnings growth outlook for COGNEX CORP?

The Earnings per Share (EPS) of COGNEX CORP (CGNX) is expected to grow by 26.23% in the next year.