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 10,184 - -
Change - -40.74% -11.8% -14.4% -1.96% 68.89% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 9,757 9,566 9,347
Change - -40.66% -12.34% -14.58% -3.31% 69.18% -1.96% -2.28%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 37.4x 31.1x 27.8x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 5.96x 5.26x 4.64x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.5x 2.3x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 8.89x 8.14x 7.45x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 8.52x 7.64x 6.83x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 27.8x 23.3x 20.2x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 29.8x 24.9x 21.6x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 34.5x 27.7x 25.1x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.9% 3.61% 3.99%
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% 0.61% 0.63%
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 60.54 60.54 60.54
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 168,224 - -
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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
37.38x8.52x27.8x0.57% 10.18B
39.02x7.5x21.84x-.--% 53.84B
29.6x4.32x15.43x0.36% 18.87B
306.54x - - - 18.3B
163.96x14.76x72.72x-.--% 9.03B
49.28x5.62x22.69x - 7.44B
7.6x - - 7.08% 7.08B
29.84x3.41x16.57x0.32% 7.04B
153.41x - - - 6.77B
Average 90.74x 7.35x 29.51x 1.39% 15.39B
Weighted average by Cap. 85.17x 7.25x 25.30x 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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