COGNEX CORP (CGNX) Fundamental Analysis & Valuation
NASDAQ:CGNX • US1924221039
Current stock price
53.41 USD
-0.5 (-0.93%)
At close:
53.41 USD
0 (0%)
After Hours:
This CGNX fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
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.
- CGNX had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- CGNX has a better Return On Assets (5.68%) than 75.81% of its industry peers.
- With a decent Return On Equity value of 7.67%, CGNX is doing good in 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.
- The Average Return On Invested Capital over the past 3 years 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 Rank | Sector 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%
1.3 Margins
- With an excellent Profit Margin value of 11.51%, CGNX belongs to the best of the industry, outperforming 86.29% of the companies in the same industry.
- In the last couple of years the Profit Margin of CGNX has declined.
- Looking at the Operating Margin, with a value of 16.35%, CGNX belongs to the top of the industry, outperforming 91.94% 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 66.92%, CGNX belongs to the top of the industry, outperforming 97.58% of the companies in the same industry.
- CGNX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector 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%
2. CGNX Health Analysis
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
- 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
- An Altman-Z score of 11.64 indicates that CGNX is not in any danger for bankruptcy at the moment.
- CGNX's Altman-Z score of 11.64 is amongst the best of the industry. CGNX outperforms 88.71% of its industry peers.
- CGNX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 11.64 |
ROIC/WACC0.66
WACC9.57%
2.3 Liquidity
- A Current Ratio of 3.80 indicates that CGNX has no problem at all paying its short term obligations.
- Looking at the Current ratio, with a value of 3.80, CGNX is in the better half of the industry, outperforming 70.16% of the companies in the same industry.
- 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 has a better Quick ratio (3.05) than 72.58% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.8 | ||
| Quick Ratio | 3.05 |
3. CGNX Growth Analysis
3.1 Past
- CGNX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 36.49%, which is quite impressive.
- Measured over the past years, CGNX shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.77% on average per year.
- CGNX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.73%.
- Measured over the past years, CGNX shows a small growth in Revenue. The Revenue has been growing by 4.16% on average per year.
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
- Based on estimates for the next years, CGNX will show a very strong growth in Earnings Per Share. The EPS will grow by 22.78% on average per year.
- Based on estimates for the next years, CGNX will show a small growth in Revenue. The Revenue will grow by 1.76% on average per year.
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
- 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 decreasing.
4. CGNX Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 52.88, CGNX can be considered very expensive at the moment.
- CGNX's Price/Earnings is on the same level as the industry average.
- CGNX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.78.
- A Price/Forward Earnings ratio of 41.89 indicates a quite expensive valuation of CGNX.
- CGNX's Price/Forward Earnings is on the same level as the industry average.
- When comparing the Price/Forward Earnings ratio of CGNX to the average of the S&P500 Index (23.54), we can say CGNX is valued expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.88 | ||
| Fwd PE | 41.89 |
4.2 Price Multiples
- CGNX's Enterprise Value to EBITDA is on the same level as the industry average.
- CGNX's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. CGNX is cheaper than 66.94% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.67 | ||
| EV/EBITDA | 44.44 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- CGNX has a very decent profitability rating, which may justify a higher PE ratio.
- CGNX's earnings are expected to grow with 17.04% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.02
PEG (5Y)N/A
EPS Next 2Y24.02%
EPS Next 3Y17.04%
5. CGNX Dividend Analysis
5.1 Amount
- With a yearly dividend of 0.71%, CGNX is not a good candidate for dividend investing.
- Compared to an average industry Dividend Yield of 0.46, CGNX pays a better dividend. On top of this CGNX pays more dividend than 82.26% of the companies listed in the same industry.
- Compared to an average S&P500 Dividend Yield of 1.89, CGNX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector 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
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 Fundamentals: All Metrics, Ratios and Statistics
53.41
-0.5 (-0.93%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)02-11 2026-02-11/amc
Earnings (Next)04-30 2026-04-30
Inst Owners103.96%
Inst Owner Change0%
Ins Owners0.3%
Ins Owner Change1.46%
Market Cap8.92B
Revenue(TTM)994.36M
Net Income(TTM)114.44M
Analysts77.93
Price Target66.1 (23.76%)
Short Float %2.4%
Short Ratio1.69
Dividend
| Industry Rank | Sector 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 2026-02-26 (0.085)
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 Rank | Sector Rank | ||
|---|---|---|---|
| PE | 52.88 | ||
| Fwd PE | 41.89 | ||
| P/S | 8.97 | ||
| P/FCF | 37.67 | ||
| P/OCF | 36.33 | ||
| P/B | 5.98 | ||
| P/tB | 8.71 | ||
| EV/EBITDA | 44.44 |
EPS(TTM)1.01
EY1.89%
EPS(NY)1.27
Fwd EY2.39%
FCF(TTM)1.42
FCFY2.65%
OCF(TTM)1.47
OCFY2.75%
SpS5.95
BVpS8.93
TBVpS6.13
PEG (NY)2.02
PEG (5Y)N/A
Graham Number14.25
Profitability
| Industry Rank | Sector 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 Rank | Sector 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
WACC9.57%
ROIC/WACC0.66
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.