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 10,421 - -
Change - -40.74% -11.8% -14.4% -1.96% 72.82% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 10,018 9,821 9,600
Change - -40.66% -12.34% -14.58% -3.31% 73.71% -1.97% -2.25%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 43.8x 36.4x 29.5x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.53x 5.83x 5x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.8x 1.3x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 9.39x 8.62x 7.8x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 9.03x 8.13x 7.18x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 32.4x 26.9x 22.2x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 35.8x 29.9x 24.5x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 36.9x 31.3x 24.3x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.71% 3.19% 4.11%
Dividend per Share 2 0.245 0.265 0.286 0.305 0.325 0.3434 0.3653 0.3834
Rate of return 0.32% 0.56% 0.69% 0.85% 0.9% 0.55% 0.58% 0.61%
EPS 2 1.56 1.23 0.65 0.62 0.68 1.431 1.721 2.119
Distribution rate 15.7% 21.5% 44% 49.2% 47.8% 24% 21.2% 18.1%
Net sales 1 1,037 1,006 837.5 914.5 994.4 1,110 1,208 1,336
EBITDA 1 335.4 288.3 154.5 156.4 214.1 309.3 365.4 432
EBIT 1 315.1 268.7 137.3 136 194.7 279.5 328.6 391.5
Net income 1 279.9 215.5 113.2 106.2 114.4 240.4 288.5 352.7
Net Debt 1 -323.6 -181.4 -202.7 -186.1 -262.9 -403 -600.1 -821.5
Reference price 2 77.76 47.11 41.74 35.86 35.98 62.62 62.62 62.62
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 166,419 - -
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.($)
43.76x9.03x32.39x0.55% 10.42B
43.22x7.7x24.38x-.--% 53.44B
283.46x - - - 16.82B
36.11x4.78x17.87x0.34% 19.81B
136.09x11.16x60.13x-.--% 7.45B
50.16x6.09x24.8x - 8.07B
7.95x - - 6.77% 7.66B
33.21x3.6x17.68x0.29% 7.41B
125.53x - - - 5.51B
Average 84.39x 7.06x 29.54x 1.32% 15.18B
Weighted average by Cap. 78.09x 7.12x 26.02x 0.63%

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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