Cognex Valuation
Is CGNX * undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
0/6Valuation 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 CGNX * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CGNX * (MX$810) is trading above our estimate of fair value (MX$578.5)
Significantly Below Fair Value: CGNX * is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CGNX *?
Key metric: As CGNX * is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is CGNX *'s PE Ratio? | |
|---|---|
| PE Ratio | 77.3x |
| Earnings | US$89.05m |
| Market Cap | US$6.88b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 7.6x |
| Enterprise Value/EBITDA | 53x |
| PEG Ratio | 2.5x |
Price to Earnings Ratio vs Peers
How does CGNX *'s PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 13.8x | ||
002236 Zhejiang Dahua Technology | 7.1x | -13.8% | CN¥53.2b |
3969 China Railway Signal & Communication | 9.3x | 11.0% | HK$65.6b |
VNT Vontier | 14.5x | 10.5% | US$5.9b |
7701 Shimadzu | 24.3x | 8.1% | JP¥1.3t |
CGNX * Cognex | 77.3x | 30.4% | Mex$6.9b |
Price-To-Earnings vs Peers: CGNX * is expensive based on its Price-To-Earnings Ratio (77.3x) compared to the peer average (13.8x).
Price to Earnings Ratio vs Industry
How does CGNX *'s PE Ratio compare vs other companies in the Global Electronic Industry?
| 50 Companies | Price / Earnings | Estimated Growth | Market Cap |
|---|---|---|---|
| 50 Companies | Estimated Growth | Market Cap | |
|---|---|---|---|
Price-To-Earnings vs Industry: CGNX * is expensive based on its Price-To-Earnings Ratio (77.3x) compared to the Global Electronic industry average (23.7x).
Price to Earnings Ratio vs Fair Ratio
What is CGNX *'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 77.3x |
| Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CGNX *'s Price-To-Earnings Fair Ratio for valuation analysis.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | n/a | Mex$963.53 0% | 13.4% | Mex$1,220.87 | Mex$773.22 | n/a | 17 |
| Nov ’25 | Mex$845.00 | Mex$970.89 +14.9% | 13.2% | Mex$1,216.60 | Mex$770.51 | n/a | 17 |
| Oct ’25 | n/a | Mex$909.22 0% | 13.3% | Mex$1,157.80 | Mex$733.27 | n/a | 17 |
| Sep ’25 | n/a | Mex$921.59 0% | 12.9% | Mex$1,164.83 | Mex$737.73 | n/a | 17 |
| Aug ’25 | n/a | Mex$924.25 0% | 13.1% | Mex$1,126.33 | Mex$732.11 | n/a | 17 |
| Jul ’25 | n/a | Mex$861.57 0% | 13.1% | Mex$1,063.12 | Mex$708.74 | n/a | 16 |
| Jun ’25 | n/a | Mex$825.95 0% | 13.3% | Mex$1,014.13 | Mex$676.08 | n/a | 15 |
| May ’25 | n/a | Mex$741.72 0% | 14.1% | Mex$980.24 | Mex$588.15 | n/a | 15 |
| Apr ’25 | n/a | Mex$763.56 0% | 14.2% | Mex$1,009.10 | Mex$605.46 | n/a | 15 |
| Mar ’25 | n/a | Mex$757.40 0% | 14.0% | Mex$1,022.85 | Mex$613.71 | n/a | 14 |
| Feb ’25 | n/a | Mex$764.36 0% | 15.2% | Mex$1,030.60 | Mex$601.18 | n/a | 14 |
| Jan ’25 | n/a | Mex$751.03 0% | 14.8% | Mex$1,029.15 | Mex$600.34 | n/a | 14 |
| Dec ’24 | n/a | Mex$786.88 0% | 16.6% | Mex$1,052.29 | Mex$613.84 | n/a | 15 |
| Nov ’24 | n/a | Mex$844.30 0% | 16.0% | Mex$1,157.80 | Mex$659.06 | Mex$845.00 | 15 |
| Oct ’24 | n/a | Mex$891.21 0% | 10.9% | Mex$1,108.33 | Mex$767.31 | n/a | 15 |
| Sep ’24 | n/a | Mex$891.21 0% | 10.9% | Mex$1,108.33 | Mex$767.31 | n/a | 15 |
| Aug ’24 | n/a | Mex$897.53 0% | 11.4% | Mex$1,093.87 | Mex$757.29 | n/a | 15 |
| Jul ’24 | n/a | Mex$875.20 0% | 13.2% | Mex$1,108.66 | Mex$682.25 | n/a | 16 |
| Jun ’24 | n/a | Mex$901.08 0% | 12.6% | Mex$1,154.09 | Mex$710.21 | n/a | 16 |
| May ’24 | n/a | Mex$891.36 0% | 14.5% | Mex$1,180.81 | Mex$690.32 | n/a | 15 |
| Apr ’24 | n/a | Mex$919.59 0% | 15.7% | Mex$1,193.76 | Mex$697.89 | n/a | 14 |
| Mar ’24 | n/a | Mex$919.59 0% | 15.7% | Mex$1,193.76 | Mex$697.89 | n/a | 14 |
| Feb ’24 | n/a | Mex$929.72 0% | 15.0% | Mex$1,210.37 | Mex$744.84 | n/a | 14 |
| Jan ’24 | n/a | Mex$1,001.07 0% | 15.5% | Mex$1,290.76 | Mex$794.31 | n/a | 17 |
| Dec ’23 | Mex$955.56 | Mex$990.30 +3.6% | 15.1% | Mex$1,262.15 | Mex$776.71 | n/a | 16 |
| Nov ’23 | n/a | Mex$1,039.25 0% | 17.5% | Mex$1,498.91 | Mex$799.42 | n/a | 16 |
Analyst Forecast: Target price is less than 20% higher than the current share price.
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