COGNEX CORP (CGNX) Stock Fundamental Analysis
USA - NASDAQ:CGNX - US1924221039 - Common Stock
40 USD
-1.7 (-4.08%)
39.97 USD
-0.03 (-0.08%)
CGNX gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While CGNX has a great health rating, its profitability is only average at the moment. CGNX is not valued too expensively and it also shows a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year CGNX was profitable.
CGNX had a positive operating cash flow in the past year.
CGNX had positive earnings in each of the past 5 years.
In the past 5 years CGNX always reported a positive cash flow from operatings.
1.2 Ratios
CGNX has a better Return On Assets (5.50%) than 75.81% of its industry peers.
CGNX has a better Return On Equity (7.39%) than 65.32% of its industry peers.
The Return On Invested Capital of CGNX (7.09%) is better than 70.16% of its industry peers.
The Average Return On Invested Capital over the past 3 years for CGNX is in line with the industry average of 9.48%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 7.39% | ||
| ROIC | 7.09% |
ROA(3y)7.31%
ROA(5y)9.14%
ROE(3y)9.83%
ROE(5y)12.61%
ROIC(3y)7.69%
ROIC(5y)9.5%
1.3 Margins
CGNX has a better Profit Margin (11.33%) than 87.10% of its industry peers.
In the last couple of years the Profit Margin of CGNX has declined.
CGNX has a better Operating Margin (16.27%) than 90.32% of its industry peers.
In the last couple of years the Operating Margin of CGNX has declined.
CGNX has a Gross Margin of 67.65%. This is amongst the best in the industry. CGNX outperforms 97.58% of its industry peers.
CGNX's Gross Margin has declined in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 16.27% | ||
| PM (TTM) | 11.33% | ||
| GM | 67.65% |
OM growth 3Y-25.46%
OM growth 5Y-8.53%
PM growth 3Y-24.51%
PM growth 5Y-16.2%
GM growth 3Y-2.25%
GM growth 5Y-1.51%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), CGNX is destroying value.
Compared to 1 year ago, CGNX has less shares outstanding
The number of shares outstanding for CGNX has been reduced compared to 5 years ago.
CGNX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
CGNX has an Altman-Z score of 9.52. This indicates that CGNX is financially healthy and has little risk of bankruptcy at the moment.
With an excellent Altman-Z score value of 9.52, CGNX belongs to the best of the industry, outperforming 86.29% of the companies in the same industry.
CGNX has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 9.52 |
ROIC/WACC0.77
WACC9.21%
2.3 Liquidity
CGNX has a Current Ratio of 3.96. This indicates that CGNX is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 3.96, CGNX is doing good in the industry, outperforming 73.39% of the companies in the same industry.
CGNX has a Quick Ratio of 3.11. This indicates that CGNX is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 3.11, CGNX is in the better half of the industry, outperforming 76.61% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.96 | ||
| Quick Ratio | 3.11 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 44.62% over the past year.
The Earnings Per Share has been decreasing by -2.03% on average over the past years.
CGNX shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.23%.
Measured over the past years, CGNX shows a small growth in Revenue. The Revenue has been growing by 4.74% on average per year.
EPS 1Y (TTM)44.62%
EPS 3Y-20.81%
EPS 5Y-2.03%
EPS Q2Q%65%
Revenue 1Y (TTM)10.23%
Revenue growth 3Y-4.11%
Revenue growth 5Y4.74%
Sales Q2Q%17.96%
3.2 Future
CGNX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 29.67% yearly.
The Revenue is expected to grow by 9.74% on average over the next years. This is quite good.
EPS Next Y31.11%
EPS Next 2Y25.7%
EPS Next 3Y23.02%
EPS Next 5Y29.67%
Revenue Next Year7.81%
Revenue Next 2Y7.89%
Revenue Next 3Y8.29%
Revenue Next 5Y9.74%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 42.55, CGNX can be considered very expensive at the moment.
Compared to the rest of the industry, the Price/Earnings ratio of CGNX is on the same level as its industry peers.
When comparing the Price/Earnings ratio of CGNX to the average of the S&P500 Index (26.51), we can say CGNX is valued expensively.
Based on the Price/Forward Earnings ratio of 34.21, the valuation of CGNX can be described as expensive.
Compared to the rest of the industry, the Price/Forward Earnings ratio of CGNX is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 22.53. CGNX is valued rather expensively when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.55 | ||
| Fwd PE | 34.21 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of CGNX is on the same level as its industry peers.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of CGNX indicates a somewhat cheap valuation: CGNX is cheaper than 70.97% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.41 | ||
| EV/EBITDA | 34.89 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
CGNX has a very decent profitability rating, which may justify a higher PE ratio.
CGNX's earnings are expected to grow with 23.02% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.37
PEG (5Y)N/A
EPS Next 2Y25.7%
EPS Next 3Y23.02%
5. Dividend
5.1 Amount
CGNX has a yearly dividend return of 0.82%, which is pretty low.
CGNX's Dividend Yield is rather good when compared to the industry average which is at 2.06. CGNX pays more dividend than 83.87% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.38, CGNX's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
5.2 History
The dividend of CGNX is nicely growing with an annual growth rate of 8.39%!
CGNX has been paying a dividend for at least 10 years, so it has a reliable track record.
CGNX has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)8.39%
Div Incr Years3
Div Non Decr Years3
5.3 Sustainability
CGNX pays out 49.16% of its income as dividend. This is a bit on the high side, but may be sustainable.
The dividend of CGNX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP49.16%
EPS Next 2Y25.7%
EPS Next 3Y23.02%
40
-1.7 (-4.08%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners101.95%
Inst Owner Change-1.33%
Ins Owners0.27%
Ins Owner Change0.04%
Market Cap6.72B
Revenue(TTM)971.71M
Net Income(TTM)110.12M
Analysts75.86
Price Target48.6 (21.5%)
Short Float %2.68%
Short Ratio2.42
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.82% |
Yearly Dividend0.31
Dividend Growth(5Y)8.39%
DP49.16%
Div Incr Years3
Div Non Decr Years3
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.79%
Min EPS beat(2)3.71%
Max EPS beat(2)11.87%
EPS beat(4)4
Avg EPS beat(4)15.13%
Min EPS beat(4)3.71%
Max EPS beat(4)26.05%
EPS beat(8)8
Avg EPS beat(8)16.02%
EPS beat(12)11
Avg EPS beat(12)15.02%
EPS beat(16)14
Avg EPS beat(16)16.54%
Revenue beat(2)1
Avg Revenue beat(2)1.36%
Min Revenue beat(2)-0.78%
Max Revenue beat(2)3.51%
Revenue beat(4)2
Avg Revenue beat(4)1.05%
Min Revenue beat(4)-0.78%
Max Revenue beat(4)3.51%
Revenue beat(8)4
Avg Revenue beat(8)0.74%
Revenue beat(12)6
Avg Revenue beat(12)0.39%
Revenue beat(16)9
Avg Revenue beat(16)0.94%
PT rev (1m)2.8%
PT rev (3m)26.71%
EPS NQ rev (1m)1.71%
EPS NQ rev (3m)19.63%
EPS NY rev (1m)0.56%
EPS NY rev (3m)7.98%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)5.21%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 42.55 | ||
| Fwd PE | 34.21 | ||
| P/S | 6.91 | ||
| P/FCF | 31.41 | ||
| P/OCF | 30.25 | ||
| P/B | 4.51 | ||
| P/tB | 6.64 | ||
| EV/EBITDA | 34.89 |
EPS(TTM)0.94
EY2.35%
EPS(NY)1.17
Fwd EY2.92%
FCF(TTM)1.27
FCFY3.18%
OCF(TTM)1.32
OCFY3.31%
SpS5.79
BVpS8.87
TBVpS6.02
PEG (NY)1.37
PEG (5Y)N/A
Graham Number13.7
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.5% | ||
| ROE | 7.39% | ||
| ROCE | 8.62% | ||
| ROIC | 7.09% | ||
| ROICexc | 8.48% | ||
| ROICexgc | 12.33% | ||
| OM | 16.27% | ||
| PM (TTM) | 11.33% | ||
| GM | 67.65% | ||
| FCFM | 22% |
ROA(3y)7.31%
ROA(5y)9.14%
ROE(3y)9.83%
ROE(5y)12.61%
ROIC(3y)7.69%
ROIC(5y)9.5%
ROICexc(3y)9.56%
ROICexc(5y)11.82%
ROICexgc(3y)12.73%
ROICexgc(5y)15.09%
ROCE(3y)9.35%
ROCE(5y)11.55%
ROICexgc growth 3Y-25.69%
ROICexgc growth 5Y-4.75%
ROICexc growth 3Y-29.85%
ROICexc growth 5Y-7.09%
OM growth 3Y-25.46%
OM growth 5Y-8.53%
PM growth 3Y-24.51%
PM growth 5Y-16.2%
GM growth 3Y-2.25%
GM growth 5Y-1.51%
F-Score8
Asset Turnover0.49
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 26.24% | ||
| Cap/Sales | 0.85% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 117.19% | ||
| Profit Quality | 194.14% | ||
| Current Ratio | 3.96 | ||
| Quick Ratio | 3.11 | ||
| Altman-Z | 9.52 |
F-Score8
WACC9.21%
ROIC/WACC0.77
Cap/Depr(3y)84%
Cap/Depr(5y)75.71%
Cap/Sales(3y)2.12%
Cap/Sales(5y)1.9%
Profit Quality(3y)103.13%
Profit Quality(5y)109.22%
High Growth Momentum
Growth
EPS 1Y (TTM)44.62%
EPS 3Y-20.81%
EPS 5Y-2.03%
EPS Q2Q%65%
EPS Next Y31.11%
EPS Next 2Y25.7%
EPS Next 3Y23.02%
EPS Next 5Y29.67%
Revenue 1Y (TTM)10.23%
Revenue growth 3Y-4.11%
Revenue growth 5Y4.74%
Sales Q2Q%17.96%
Revenue Next Year7.81%
Revenue Next 2Y7.89%
Revenue Next 3Y8.29%
Revenue Next 5Y9.74%
EBIT growth 1Y67.86%
EBIT growth 3Y-28.52%
EBIT growth 5Y-4.2%
EBIT Next Year53.61%
EBIT Next 3Y31.29%
EBIT Next 5Y22.11%
FCF growth 1Y47.96%
FCF growth 3Y-23.43%
FCF growth 5Y-10.36%
OCF growth 1Y34.8%
OCF growth 3Y-22%
OCF growth 5Y-10.06%
COGNEX CORP / CGNX FAQ
What is the fundamental rating for CGNX stock?
ChartMill assigns a fundamental rating of 7 / 10 to CGNX.
What is the valuation status of COGNEX CORP (CGNX) stock?
ChartMill assigns a valuation rating of 4 / 10 to COGNEX CORP (CGNX). This can be considered as Fairly Valued.
What is the profitability of CGNX stock?
COGNEX CORP (CGNX) has a profitability rating of 6 / 10.
What is the earnings growth outlook for COGNEX CORP?
The Earnings per Share (EPS) of COGNEX CORP (CGNX) is expected to grow by 31.11% in the next year.
Can you provide the dividend sustainability for CGNX stock?
The dividend rating of COGNEX CORP (CGNX) is 5 / 10 and the dividend payout ratio is 49.16%.