Cognex Corporation

LSE:0I14 Stock Report

Market Cap: US$7.0b

Cognex Valuation

Is 0I14 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0I14 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0I14 ($41.74) is trading above our estimate of fair value ($37.03)

Significantly Below Fair Value: 0I14 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0I14?

Key metric: As 0I14 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0I14. This is calculated by dividing 0I14's market cap by their current earnings.
What is 0I14's PE Ratio?
PE Ratio80x
EarningsUS$89.05m
Market CapUS$6.98b

Price to Earnings Ratio vs Peers

How does 0I14's PE Ratio compare to its peers?

The above table shows the PE ratio for 0I14 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
HLMA Halma
36.4x8.5%UK£10.2b
SXS Spectris
9.1x-22.7%UK£2.5b
RSW Renishaw
23.8x12.6%UK£2.3b
OXIG Oxford Instruments
23.3x10.2%UK£1.2b
0I14 Cognex
80x30.4%US$7.0b

Price-To-Earnings vs Peers: 0I14 is expensive based on its Price-To-Earnings Ratio (80x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does 0I14's PE Ratio compare vs other companies in the European Electronic Industry?

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
0I14 80.0xIndustry Avg. 17.8xNo. of Companies15PE01224364860+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0I14 is expensive based on its Price-To-Earnings Ratio (80x) compared to the European Electronic industry average (17.8x).

Price to Earnings Ratio vs Fair Ratio

What is 0I14's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0I14 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio80x
Fair PE Ratio43.2x

Price-To-Earnings vs Fair Ratio: 0I14 is expensive based on its Price-To-Earnings Ratio (80x) compared to the estimated Fair Price-To-Earnings Ratio (43.2x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0I14 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$41.57
US$47.35
+13.9%
13.4%US$60.00US$38.00n/a17
Nov ’25US$40.10
US$47.88
+19.4%
13.2%US$60.00US$38.00n/a17
Oct ’25US$39.91
US$47.12
+18.1%
13.3%US$60.00US$38.00n/a17
Sep ’25US$40.29
US$47.47
+17.8%
12.9%US$60.00US$38.00n/a17
Aug ’25US$38.20
US$49.24
+28.9%
13.1%US$60.00US$39.00n/a17
Jul ’25US$46.62
US$48.63
+4.3%
13.1%US$60.00US$40.00n/a16
Jun ’25US$44.88
US$48.87
+8.9%
13.3%US$60.00US$40.00n/a15
May ’25US$41.04
US$45.40
+10.6%
14.1%US$60.00US$36.00n/a15
Apr ’25US$42.64
US$45.40
+6.5%
14.2%US$60.00US$36.00n/a15
Mar ’25US$40.16
US$44.43
+10.6%
14.0%US$60.00US$36.00n/a14
Feb ’25US$36.66
US$44.50
+21.4%
15.2%US$60.00US$35.00n/a14
Jan ’25US$41.83
US$43.79
+4.7%
14.8%US$60.00US$35.00n/a14
Dec ’24US$38.58
US$44.87
+16.3%
16.6%US$60.00US$35.00n/a15
Nov ’24US$34.45
US$47.40
+37.6%
16.0%US$65.00US$37.00US$40.1015
Oct ’24US$42.63
US$52.27
+22.6%
10.9%US$65.00US$45.00US$39.9115
Sep ’24US$47.23
US$52.27
+10.7%
10.9%US$65.00US$45.00US$40.2915
Aug ’24US$51.43
US$53.33
+3.7%
11.4%US$65.00US$45.00US$38.2015
Jul ’24US$56.35
US$51.31
-8.9%
13.2%US$65.00US$40.00US$46.6216
Jun ’24US$55.52
US$50.75
-8.6%
12.6%US$65.00US$40.00US$44.8816
May ’24US$47.94
US$49.07
+2.3%
14.5%US$65.00US$38.00US$41.0415
Apr ’24US$49.36
US$50.07
+1.4%
15.7%US$65.00US$38.00US$42.6414
Mar ’24US$48.35
US$50.07
+3.6%
15.7%US$65.00US$38.00US$40.1614
Feb ’24US$52.81
US$49.93
-5.5%
15.0%US$65.00US$40.00US$36.6614
Jan ’24n/a
US$50.41
0%
15.5%US$65.00US$40.00US$41.8317
Dec ’23US$48.92
US$51.00
+4.3%
15.1%US$65.00US$40.00US$38.5816
Nov ’23US$46.02
US$52.00
+13.0%
17.5%US$75.00US$40.00US$34.4516

Analyst Forecast: Target price is less than 20% higher than the current share price.

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