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 11,117 - -
Change - -40.74% -11.8% -14.4% -1.96% 84.35% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 10,715 10,519 10,299
Change - -40.66% -12.34% -14.58% -3.31% 85.79% -1.83% -2.09%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 46.7x 38.8x 31.5x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.97x 6.23x 5.34x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.9x 1.4x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 10x 9.22x 8.37x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 9.67x 8.72x 7.75x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 34.7x 28.9x 24.1x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 38.4x 32.1x 26.5x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 39.3x 33.3x 27.2x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.55% 3% 3.68%
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% 0.51% 0.55% 0.57%
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 1,108 1,206 1,328
EBITDA 1 335.4 288.3 154.5 156.4 214.1 308.4 363.9 426.6
EBIT 1 315.1 268.7 137.3 136 194.7 279.4 328.2 388.3
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 -402 -598.1 -818.1
Reference price 2 77.76 47.11 41.74 35.86 35.98 66.80 66.80 66.80
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 166,419 - -
Announcement Date 17/02/22 16/02/23 15/02/24 12/02/25 11/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
46.68x9.67x34.74x0.51% 11.12B
44.51x7.93x25.07x-.--% 55.04B
45.67x5.84x21.81x0.27% 24.9B
370.82x - - - 21.83B
53.16x6.45x24.93x - 8.53B
189.87x - - - 8.31B
36.23x3.84x19.24x0.28% 7.75B
24.04x2.85x12.81x1.57% 7.23B
7.74x - - 6.96% 7.16B
Average 90.97x 6.10x 23.10x 1.6% 16.87B
Weighted average by Cap. 97.08x 6.94x 24.12x 0.67%

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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