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 10,378 - -
Change - -40.74% -11.8% -14.4% -1.96% 72.1% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 9,951 9,759 9,541
Change - -40.66% -12.34% -14.58% -3.31% 72.54% -1.92% -2.24%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 38.1x 31.7x 28.3x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.07x 5.36x 4.73x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.6x 2.4x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 9.06x 8.29x 7.59x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 8.69x 7.8x 6.98x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 28.4x 23.7x 20.6x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 30.4x 25.4x 22.1x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 36x 27.5x 24.8x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.78% 3.63% 4.04%
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% 0.56% 0.6% 0.62%
EPS 2 1.56 1.23 0.65 0.62 0.68 1.62 1.949 2.18
Distribution rate 15.7% 21.5% 44% 49.2% 47.8% 21.2% 18.9% 17.6%
Net sales 1 1,037 1,006 837.5 914.5 994.4 1,145 1,252 1,368
EBITDA 1 335.4 288.3 154.5 156.4 214.1 350.9 411 462.4
EBIT 1 315.1 268.7 137.3 136 194.7 326.9 384.1 432.5
Net income 1 279.9 215.5 113.2 106.2 114.4 273.8 330 367.5
Net Debt 1 -323.6 -181.4 -202.7 -186.1 -262.9 -427.2 -618.5 -837
Reference price 2 77.76 47.11 41.74 35.86 35.98 61.69 61.69 61.69
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.($)
38.09x8.69x28.35x0.56% 10.38B
40.19x7.73x22.5x-.--% 55.44B
27.76x4.09x14.61x0.38% 17.7B
428.88x - - - 16.2B
171.61x12.73x67.66x-.--% 8.04B
30.31x3.46x16.82x0.31% 7.16B
7.58x - - 7.25% 7.02B
46.05x5.22x21.1x - 6.92B
148.35x - - - 6.56B
Average 104.31x 6.99x 28.51x 1.42% 15.05B
Weighted average by Cap. 96.03x 7.14x 24.71x 0.62%

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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