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 11,564 - -
Change - -40.74% -11.8% -14.4% -1.96% 91.78% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 11,165 10,973 10,762
Change - -40.66% -12.34% -14.58% -3.31% 93.58% -1.71% -1.93%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 48.7x 40.6x 33.4x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 7.26x 6.5x 5.6x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 2x 1.6x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 10.4x 9.6x 8.74x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 10.1x 9.11x 8.13x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 36.3x 30.3x 25.6x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 40.1x 33.6x 28.2x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 41.1x 35x 29.5x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.43% 2.85% 3.39%
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% 0.49% 0.53% 0.55%
EPS 2 1.56 1.23 0.65 0.62 0.68 1.427 1.712 2.078
Distribution rate 15.7% 21.5% 44% 49.2% 47.8% 24.1% 21.3% 18.5%
Net sales 1 1,037 1,006 837.5 914.5 994.4 1,107 1,204 1,324
EBITDA 1 335.4 288.3 154.5 156.4 214.1 307.8 361.8 420.8
EBIT 1 315.1 268.7 137.3 136 194.7 278.7 326.3 381.9
Net income 1 279.9 215.5 113.2 106.2 114.4 239.8 286.8 345.7
Net Debt 1 -323.6 -181.4 -202.7 -186.1 -262.9 -400 -591.4 -802.9
Reference price 2 77.76 47.11 41.74 35.86 35.98 69.49 69.49 69.49
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 166,419 - -
Announcement Date 17/2/22 16/2/23 15/2/24 12/2/25 11/2/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
48.69x10.08x36.27x0.49% 11.56B
44.19x7.87x24.89x-.--% 54.64B
45.6x5.84x21.79x0.27% 24.86B
300.88x - - - 17.68B
198.93x18.18x97.58x - 10.98B
55.32x6.71x25.95x - 8.87B
178.16x - - - 7.78B
45.63x - - - 7.74B
36.23x3.85x19.27x0.28% 7.75B
23.91x2.83x12.74x1.58% 7.15B
Average 97.76x 7.91x 34.07x 0.52% 15.9B
Weighted average by Cap. 89.90x 7.96x 30.70x 0.24%

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