COGNEX CORP (CGNX) Stock Fundamental Analysis
USA - NASDAQ:CGNX - US1924221039 - Common Stock
39.27 USD
-0.27 (-0.68%)
39.27 USD
0 (0%)
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 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
CGNX has a Return On Assets of 5.50%. This is in the better half of the industry: CGNX outperforms 75.81% of its industry peers.
The Return On Equity of CGNX (7.39%) is better than 65.32% of its industry peers.
With a decent Return On Invested Capital value of 7.09%, CGNX is doing good in the industry, outperforming 70.16% 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 9.51%.
| 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 87.10% of the companies in the same industry.
CGNX's Profit Margin has declined in the last couple of years.
CGNX has a better Operating Margin (16.27%) than 90.32% of its industry peers.
CGNX's Operating Margin has declined in the last couple of years.
The Gross Margin of CGNX (67.65%) is better than 97.58% of its industry peers.
CGNX's Gross Margin has declined in the last couple of years.
| 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.
CGNX has less shares outstanding than it did 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 9.10 indicates that CGNX is not in any danger for bankruptcy at the moment.
The Altman-Z score of CGNX (9.10) is better than 87.10% 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 | 9.1 |
ROIC/WACC0.77
WACC9.17%
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.
The Current ratio of CGNX (3.96) is better than 73.39% 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.
Looking at the Quick ratio, with a value of 3.11, CGNX is in the better half of the industry, outperforming 76.61% 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.
The Revenue has grown by 10.23% in the past year. This is quite good.
Measured over the past years, CGNX shows a small growth in Revenue. The Revenue has been growing by 4.74% on average per year.
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
The Earnings Per Share is expected to grow by 29.65% on average over the next years. This is a very strong growth
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
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.
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
The Price/Earnings ratio is 41.78, which means the current valuation is very expensive for CGNX.
Compared to the rest of the industry, the Price/Earnings ratio of CGNX is on the same level as its industry peers.
The average S&P500 Price/Earnings ratio is at 25.83. CGNX is valued rather expensively when compared to this.
CGNX is valuated quite expensively with a Price/Forward Earnings ratio of 33.59.
The rest of the industry has a similar Price/Forward Earnings ratio as CGNX.
Compared to an average S&P500 Price/Forward Earnings ratio of 32.68, CGNX is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.78 | ||
| Fwd PE | 33.59 |
4.2 Price Multiples
CGNX's Enterprise Value to EBITDA is on the same level as the industry average.
Based on the Price/Free Cash Flow ratio, CGNX is valued a bit cheaper than the industry average as 71.77% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 30.84 | ||
| EV/EBITDA | 32.98 |
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)1.34
PEG (5Y)N/A
EPS Next 2Y25.7%
EPS Next 3Y23.02%
5. Dividend
5.1 Amount
CGNX has a yearly dividend return of 0.86%, which is pretty low.
Compared to an average industry Dividend Yield of 2.12, CGNX pays a better dividend. On top of this CGNX pays more dividend than 83.87% of the companies listed in the same industry.
With a Dividend Yield of 0.86, CGNX pays less dividend than the S&P500 average, which is at 2.37.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.86% |
5.2 History
On average, the dividend of CGNX grows each year by 8.39%, which is quite nice.
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
CGNX pays out 49.16% of its income as dividend. 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%
39.27
-0.27 (-0.68%)
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-1.33%
Ins Owners0.27%
Ins Owner Change0.04%
Market Cap6.59B
Revenue(TTM)971.71M
Net Income(TTM)110.12M
Analysts75.86
Price Target48.6 (23.76%)
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)2.8%
PT rev (3m)26.71%
EPS NQ rev (1m)1.71%
EPS NQ rev (3m)19.63%
EPS NY rev (1m)0.56%
EPS NY rev (3m)7.98%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)5.21%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 41.78 | ||
| Fwd PE | 33.59 | ||
| P/S | 6.79 | ||
| P/FCF | 30.84 | ||
| P/OCF | 29.7 | ||
| P/B | 4.43 | ||
| P/tB | 6.52 | ||
| EV/EBITDA | 32.98 |
EPS(TTM)0.94
EY2.39%
EPS(NY)1.17
Fwd EY2.98%
FCF(TTM)1.27
FCFY3.24%
OCF(TTM)1.32
OCFY3.37%
SpS5.79
BVpS8.87
TBVpS6.02
PEG (NY)1.34
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 | 9.1 |
F-Score8
WACC9.17%
ROIC/WACC0.77
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%.