37.95 USD
-0.15 (-0.39%)
37.9 USD
-0.05 (-0.13%)
Taking everything into account, CGNX scores 7 out of 10 in our fundamental rating. CGNX was compared to 125 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 is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
CGNX had positive earnings in the past year.
In the past year CGNX had a positive cash flow from operations.
CGNX had positive earnings in each of the past 5 years.
CGNX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of CGNX (5.50%) is better than 72.80% of its industry peers.
CGNX's Return On Equity of 7.39% is fine compared to the rest of the industry. CGNX outperforms 64.00% of its industry peers.
With a decent Return On Invested Capital value of 7.09%, CGNX is doing good in the industry, outperforming 71.20% 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 9.09%.
| 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
CGNX has a Profit Margin of 11.33%. This is amongst the best in the industry. CGNX outperforms 85.60% of its industry peers.
In the last couple of years the Profit Margin of CGNX has declined.
Looking at the Operating Margin, with a value of 16.27%, CGNX belongs to the top of the industry, outperforming 90.40% of the companies in the same industry.
In the last couple of years the Operating Margin of CGNX has declined.
Looking at the Gross Margin, with a value of 67.65%, CGNX belongs to the top of the industry, outperforming 96.80% 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
CGNX has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
The number of shares outstanding for CGNX has been reduced compared to 1 year ago.
Compared to 5 years ago, CGNX has less shares outstanding
CGNX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 8.77 indicates that CGNX is not in any danger for bankruptcy at the moment.
CGNX has a better Altman-Z score (8.77) than 84.80% 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 | 8.77 |
ROIC/WACC0.8
WACC8.87%
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's Current ratio of 3.96 is fine compared to the rest of the industry. CGNX outperforms 72.80% of its industry peers.
A Quick Ratio of 3.11 indicates that CGNX has no problem at all paying its short term obligations.
With a decent Quick ratio value of 3.11, CGNX is doing good in the industry, outperforming 77.60% 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.
Looking at the last year, CGNX shows a quite strong growth in Revenue. The Revenue has grown by 10.23% in the last year.
CGNX shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 4.74% yearly.
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 30.44% 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 5Y30.44%
Revenue Next Year7.81%
Revenue Next 2Y7.89%
Revenue Next 3Y8.29%
Revenue Next 5Y9.52%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
CGNX is valuated quite expensively with a Price/Earnings ratio of 40.37.
The rest of the industry has a similar Price/Earnings ratio as CGNX.
Compared to an average S&P500 Price/Earnings ratio of 26.11, CGNX is valued quite expensively.
With a Price/Forward Earnings ratio of 32.46, CGNX can be considered very expensive at the moment.
CGNX's Price/Forward Earnings is on the same level as the industry average.
CGNX's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 36.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.37 | ||
| Fwd PE | 32.46 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as CGNX.
Based on the Price/Free Cash Flow ratio, CGNX is valued a bit cheaper than 69.60% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 29.75 | ||
| EV/EBITDA | 31.51 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The decent profitability rating of CGNX may justify a higher PE ratio.
CGNX's earnings are expected to grow with 23.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.3
PEG (5Y)N/A
EPS Next 2Y25.7%
EPS Next 3Y23.02%
5. Dividend
5.1 Amount
CGNX has a yearly dividend return of 0.89%, which is pretty low.
CGNX's Dividend Yield is rather good when compared to the industry average which is at 2.35. CGNX pays more dividend than 84.00% of the companies in the same industry.
With a Dividend Yield of 0.89, CGNX pays less dividend than the S&P500 average, which is at 2.32.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.89% |
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%
37.95
-0.15 (-0.39%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.95%
Inst Owner Change1.74%
Ins Owners0.27%
Ins Owner Change-0.03%
Market Cap6.36B
Revenue(TTM)971.71M
Net Income(TTM)110.12M
Analysts75.86
Price Target49.19 (29.62%)
Short Float %2.5%
Short Ratio2.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.89% |
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)1.22%
PT rev (3m)4.05%
EPS NQ rev (1m)-0.54%
EPS NQ rev (3m)-1.37%
EPS NY rev (1m)3.16%
EPS NY rev (3m)3.9%
Revenue NQ rev (1m)1.05%
Revenue NQ rev (3m)0.21%
Revenue NY rev (1m)1.03%
Revenue NY rev (3m)0.99%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 40.37 | ||
| Fwd PE | 32.46 | ||
| P/S | 6.55 | ||
| P/FCF | 29.75 | ||
| P/OCF | 28.65 | ||
| P/B | 4.27 | ||
| P/tB | 6.29 | ||
| EV/EBITDA | 31.51 |
EPS(TTM)0.94
EY2.48%
EPS(NY)1.17
Fwd EY3.08%
FCF(TTM)1.28
FCFY3.36%
OCF(TTM)1.32
OCFY3.49%
SpS5.8
BVpS8.89
TBVpS6.03
PEG (NY)1.3
PEG (5Y)N/A
Graham Number13.71
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 | 8.77 |
F-Score8
WACC8.87%
ROIC/WACC0.8
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 5Y30.44%
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%.