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 10,662 - -
Change - -40.74% -11.8% -14.4% -1.96% 76.82% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 10,259 10,062 9,841
Change - -40.66% -12.34% -14.58% -3.31% 77.89% -1.92% -2.2%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 44.8x 37.2x 30.2x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.68x 5.97x 5.12x
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 9.62x 8.83x 8x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 9.25x 8.33x 7.38x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 33.2x 27.6x 22.9x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 36.7x 30.6x 25.1x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 37.6x 31.8x 26x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.66% 3.14% 3.85%
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% 0.54% 0.57% 0.6%
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 1,109 1,207 1,333
EBITDA 1 335.4 288.3 154.5 156.4 214.1 309 365 429.8
EBIT 1 315.1 268.7 137.3 136 194.7 279.8 329.3 391.9
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 64.07 64.07 64.07
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 166,419 - -
Announcement Date 2/17/22 A 2/16/23 A 2/15/24 A 2/12/25 A 2/11/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
44.78x9.25x33.21x0.54% 10.66B
43.66x7.78x24.58x-.--% 53.99B
40.23x5.22x19.51x0.31% 21.93B
272.97x - - - 16.16B
179.01x14.76x79.51x-.--% 9.78B
51.29x6.23x25.36x - 8.25B
36.71x3.89x19.45x0.27% 7.85B
162.02x - - - 7.09B
7.54x - - 7.13% 7.09B
Average 93.13x 7.86x 33.60x 1.38% 15.87B
Weighted average by Cap. 82.58x 7.64x 28.89x 0.59%

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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  4. Valuation Cognex Corporation