Company Valuation: Cognex Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 13,748 8,147 7,185 6,151 6,030 10,048 - -
Change - -40.74% -11.8% -14.4% -1.96% 66.63% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 9,635 9,466 9,206
Change - -40.66% -12.34% -14.58% -3.31% 67.06% -1.75% -2.75%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 36.9x 31.3x 27.4x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 5.95x 5.3x 4.56x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.8x 1.9x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 8.77x 8.02x 7.35x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 8.41x 7.56x 6.73x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 27.5x 23x 20x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 29.5x 25.2x 21.2x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 34.1x 27.4x 24.7x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.93% 3.64% 4.05%
Dividend per Share 2 0.245 0.265 0.286 0.305 0.325 0.3434 0.3678 0.3834
Rate of return 0.32% 0.56% 0.69% 0.85% 0.9% 0.57% 0.62% 0.64%
EPS 2 1.56 1.23 0.65 0.62 0.68 1.62 1.907 2.178
Distribution rate 15.7% 21.5% 44% 49.2% 47.8% 21.2% 19.3% 17.6%
Net sales 1 1,037 1,006 837.5 914.5 994.4 1,145 1,252 1,368
EBITDA 1 335.4 288.3 154.5 156.4 214.1 350.9 411.3 459.4
EBIT 1 315.1 268.7 137.3 136 194.7 327.1 376.3 433.5
Net income 1 279.9 215.5 113.2 106.2 114.4 274 322.5 367.6
Net Debt 1 -323.6 -181.4 -202.7 -186.1 -262.9 -413.1 -581.8 -842.3
Reference price 2 77.76 47.11 41.74 35.86 35.98 59.73 59.73 59.73
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 168,224 - -
Announcement Date 2/17/22 2/16/23 2/15/24 2/12/25 2/11/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
39.43x7.61x21.69x-.--% 54.59B
29.86x4.36x15.54x0.35% 19.04B
300x - - - 17.89B
37.42x8.55x27.89x0.57% 10.2B
161.78x14.56x71.73x-.--% 8.9B
50.45x5.69x22.94x - 7.53B
31.2x3.55x17.25x0.3% 7.36B
7.57x - - 7.11% 7.14B
Average 82.21x 7.38x 29.51x 1.39% 16.58B
Weighted average by Cap. 79.70x 7.29x 25.11x 0.61%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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