The Price Is Right For Cognex Corporation (NASDAQ:CGNX)
May 29
U.S. Electronic Equipment and Components Industry Analysis
UpdatedMay 31, 2024
DataAggregated Company Financials
Companies186
- 7D-1.7%
- 3M3.9%
- 1Y19.9%
- YTD10.8%
Over the last 7 days, the Electronic Equipment and Components industry has dropped 1.7%, driven by Amphenol declining 2.3%. This takes the industry's 12 month performance to a gain of 20%. As for the next few years, earnings are expected to grow by 14% per annum.
Industry Valuation and Performance
Has the U.S. Electronic Equipment and Components Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 31 May 2024 | US$432.8b | US$331.2b | US$15.3b | 21.3x | 28.4x | 1.3x |
| Sun, 28 Apr 2024 | US$409.9b | US$338.7b | US$15.9b | 18.8x | 25.8x | 1.2x |
| Tue, 26 Mar 2024 | US$417.7b | US$339.8b | US$15.7b | 19x | 26.7x | 1.2x |
| Thu, 22 Feb 2024 | US$402.9b | US$341.2b | US$15.0b | 18.9x | 26.9x | 1.2x |
| Sat, 20 Jan 2024 | US$390.4b | US$350.3b | US$13.7b | 19.4x | 28.5x | 1.1x |
| Mon, 18 Dec 2023 | US$404.4b | US$352.2b | US$13.7b | 20.9x | 29.5x | 1.1x |
| Wed, 15 Nov 2023 | US$354.7b | US$353.6b | US$13.9b | 18.6x | 25.5x | 1x |
| Fri, 13 Oct 2023 | US$371.8b | US$358.4b | US$14.4b | 16.9x | 25.8x | 1x |
| Sun, 10 Sep 2023 | US$374.6b | US$360.4b | US$14.6b | 15.6x | 25.6x | 1x |
| Tue, 08 Aug 2023 | US$392.3b | US$359.4b | US$15.1b | 17x | 26x | 1.1x |
| Thu, 06 Jul 2023 | US$392.7b | US$361.6b | US$15.0b | 17x | 26.1x | 1.1x |
| Sat, 03 Jun 2023 | US$370.3b | US$362.6b | US$15.1b | 16.6x | 24.5x | 1x |
| Mon, 01 May 2023 | US$347.0b | US$361.3b | US$15.6b | 15.4x | 22.3x | 1x |
| Wed, 29 Mar 2023 | US$358.3b | US$360.1b | US$15.9b | 16.9x | 22.6x | 1x |
| Fri, 24 Feb 2023 | US$370.9b | US$359.2b | US$15.9b | 17x | 23.4x | 1x |
| Sun, 22 Jan 2023 | US$371.5b | US$354.7b | US$16.6b | 16.6x | 22.4x | 1x |
| Tue, 20 Dec 2022 | US$337.4b | US$354.0b | US$16.5b | 15.3x | 20.4x | 1x |
| Thu, 17 Nov 2022 | US$379.2b | US$354.4b | US$16.4b | 16.4x | 23.1x | 1.1x |
| Sat, 15 Oct 2022 | US$317.9b | US$346.3b | US$16.9b | 14.1x | 18.8x | 0.9x |
| Mon, 12 Sep 2022 | US$362.8b | US$334.5b | US$16.7b | 15.8x | 21.7x | 1.1x |
| Wed, 10 Aug 2022 | US$368.1b | US$332.6b | US$16.5b | 16.1x | 22.4x | 1.1x |
| Fri, 08 Jul 2022 | US$336.9b | US$326.6b | US$15.8b | 16.9x | 21.3x | 1x |
| Sun, 05 Jun 2022 | US$368.1b | US$316.2b | US$15.7b | 17.1x | 23.4x | 1.2x |
| Tue, 03 May 2022 | US$346.9b | US$290.7b | US$14.3b | 15.7x | 24.3x | 1.2x |
| Thu, 31 Mar 2022 | US$377.1b | US$287.0b | US$13.9b | 16.7x | 27.1x | 1.3x |
| Sat, 26 Feb 2022 | US$368.5b | US$274.9b | US$14.4b | 15.6x | 25.6x | 1.3x |
| Mon, 24 Jan 2022 | US$402.8b | US$289.7b | US$14.6b | 17.3x | 27.6x | 1.4x |
| Wed, 22 Dec 2021 | US$440.6b | US$284.9b | US$14.8b | 18.1x | 29.8x | 1.5x |
| Fri, 19 Nov 2021 | US$456.1b | US$284.2b | US$14.7b | 18.9x | 31.1x | 1.6x |
| Sun, 17 Oct 2021 | US$421.7b | US$277.1b | US$13.2b | 20.9x | 31.9x | 1.5x |
| Tue, 14 Sep 2021 | US$429.0b | US$278.0b | US$12.9b | 19.1x | 33.4x | 1.5x |
| Thu, 12 Aug 2021 | US$426.6b | US$277.4b | US$13.1b | 20.9x | 32.5x | 1.5x |
| Mon, 07 Jun 2021 | US$407.0b | US$265.3b | US$11.3b | 24.7x | 36.1x | 1.5x |
Price to Earnings Ratio
36.1x
Current Industry PE
- Investors are relatively neutral on the American Electronic industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 25.9x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Electronic industry have grown 11% per year over the last three years.
- Revenues for these companies have grown 7.7% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Tech industry?
| US Market | -1.23% | |
| Tech | -1.59% | |
| Electronic Equipment and Components | -1.69% | |
| Electronic Manufacturing Services | -0.66% | |
| Electronic Components | -1.15% | |
| Electronic Equipment and Instruments | -2.52% | |
| Technology Distributors | -2.75% | |
Industry PE
- Investors are most optimistic about the Electronic Equipment and Instruments industry, which is trading close to its 3-year average PE ratio of 56.5x.
- Analysts are expecting annual earnings growth of 21.7%, which is higher than its past year's earnings growth of 18.3% per year.
- Investors are most pessimistic about the Electronic Manufacturing Services industry, which is trading close to its 3-year average of 17.3x.
Forecasted Growth
- Analysts are most optimistic on the Electronic Equipment and Instruments industry, expecting annual earnings growth of 22% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Electronic Manufacturing Services industry is expected to see its earnings grow by 2.9% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GLW Corning | US$37.26 | 2.7% +US$839.5m | 18.2% | PE52x | |
| ARLO Arlo Technologies | US$14.21 | 14.7% +US$177.6m | 43.7% | PS2.7x | |
| BELF.A Bel Fuse | US$85.91 | 11.5% +US$111.8m | 76.2% | PE14.4x | |
| CXT Crane NXT | US$63.22 | 2.7% +US$93.7m | 15.2% | PE19.8x | |
| NATI National Instruments | US$59.98 | 0.7% +US$54.4m | 56.2% | PE44.4x |
