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Market Cap

US$15.7b

Last Updated

2021/09/20 22:26 UTC

Data Sources

Company Financials +

Executive Summary

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. More Details


Snowflake Analysis

Flawless balance sheet with outstanding track record.


Similar Companies

Share Price & News

How has Cognex's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CGNX is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: CGNX's weekly volatility (3%) has been stable over the past year.


Market Performance


7 Day Return

-3.2%

CGNX

-3.7%

US Electronic

-2.5%

US Market


1 Year Return

38.9%

CGNX

49.3%

US Electronic

33.0%

US Market

Return vs Industry: CGNX underperformed the US Electronic industry which returned 47.9% over the past year.

Return vs Market: CGNX exceeded the US Market which returned 33.8% over the past year.


Shareholder returns

CGNXIndustryMarket
7 Day-3.2%-3.7%-2.5%
30 Day0.1%-2.8%-0.9%
90 Day6.8%2.0%0.8%
1 Year43.1%38.9%54.1%49.3%35.0%33.0%
3 Year49.9%44.3%60.8%53.6%57.6%47.9%
5 Year248.3%232.8%153.5%134.6%120.8%96.7%

Long-Term Price Volatility Vs. Market

How volatile is Cognex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Cognex undervalued compared to its fair value and its price relative to the market?

49.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CGNX ($85.07) is trading above our estimate of fair value ($47.56)

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


Price To Earnings Ratio

PE vs Industry: CGNX is poor value based on its PE Ratio (49.4x) compared to the US Electronic industry average (20.7x).

PE vs Market: CGNX is poor value based on its PE Ratio (49.4x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: CGNX is poor value based on its PEG Ratio (4x)


Price to Book Ratio

PB vs Industry: CGNX is overvalued based on its PB Ratio (10.5x) compared to the US Electronic industry average (2.7x).


Future Growth

How is Cognex forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

12.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CGNX's forecast earnings growth (12.3% per year) is above the savings rate (2%).

Earnings vs Market: CGNX's earnings (12.3% per year) are forecast to grow slower than the US market (14.8% per year).

High Growth Earnings: CGNX's earnings are forecast to grow, but not significantly.

Revenue vs Market: CGNX's revenue (11.1% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: CGNX's revenue (11.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CGNX's Return on Equity is forecast to be low in 3 years time (18.8%).


Past Performance

How has Cognex performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CGNX has high quality earnings.

Growing Profit Margin: CGNX's current net profit margins (31%) are higher than last year (20.8%).


Past Earnings Growth Analysis

Earnings Trend: CGNX's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: CGNX's earnings growth over the past year (110.8%) exceeds its 5-year average (8% per year).

Earnings vs Industry: CGNX earnings growth over the past year (110.8%) exceeded the Electronic industry 40.3%.


Return on Equity

High ROE: CGNX's Return on Equity (21.3%) is considered high.


Financial Health

How is Cognex's financial position?


Financial Position Analysis

Short Term Liabilities: CGNX's short term assets ($692.9M) exceed its short term liabilities ($204.9M).

Long Term Liabilities: CGNX's short term assets ($692.9M) exceed its long term liabilities ($390.5M).


Debt to Equity History and Analysis

Debt Level: CGNX is debt free.

Reducing Debt: CGNX has not had any debt for past 5 years.

Debt Coverage: CGNX has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CGNX has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Cognex current dividend yield, its reliability and sustainability?

0.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: CGNX's dividend (0.28%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: CGNX's dividend (0.28%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: CGNX is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: CGNX is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Current Payout to Shareholders

Dividend Coverage: CGNX is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CGNX's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.2yrs

Average management tenure


CEO

Rob Willett (53 yo)

10.5yrs

Tenure

US$3,507,561

Compensation

Mr. Robert J. Willett, also known as Rob, has been the Chief Executive Officer of Cognex Corporation, since March 16, 2011. Mr. Willett has been President of Cognex Corporation since January 2010. He overs...


CEO Compensation Analysis

Compensation vs Market: Rob's total compensation ($USD3.51M) is below average for companies of similar size in the US market ($USD11.33M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CGNX's management team is seasoned and experienced (7.2 years average tenure).


Board Members

Experienced Board: CGNX's board of directors are considered experienced (3.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.1%.


Top Shareholders

Company Information

Cognex Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Cognex Corporation
  • Ticker: CGNX
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$15.699b
  • Shares outstanding: 176.71m
  • Website: https://www.cognex.com

Number of Employees


Location

  • Cognex Corporation
  • One Vision Drive
  • Natick
  • Massachusetts
  • 01760-2059
  • United States

Listings


Biography

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Its machine vision products are used to...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/20 22:26
End of Day Share Price2021/09/20 00:00
Earnings2021/07/04
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.