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 10,326 - -
Change - -40.74% -11.8% -14.4% -1.96% 71.24% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 9,923 9,726 9,505
Change - -40.66% -12.34% -14.58% -3.31% 72.06% -1.99% -2.28%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 43.4x 36x 29.3x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.47x 5.78x 4.96x
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 9.31x 8.55x 7.74x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 8.95x 8.06x 7.13x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 32.1x 26.6x 22.1x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 35.5x 29.5x 24.3x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 36.4x 30.8x 25.1x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.75% 3.25% 3.99%
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% 0.55% 0.59% 0.62%
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 62.05 62.05 62.05
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
43.37x8.95x32.12x0.55% 10.33B
44.04x7.85x24.8x-.--% 54.46B
40.78x5.28x19.75x0.3% 22.23B
313.53x - - - 18.58B
169.64x13.98x75.28x-.--% 9.28B
52.78x6.41x26.1x - 8.49B
36.09x3.85x19.23x0.28% 7.77B
7.72x - - 6.97% 7.27B
22.36x2.7x11.91x1.67% 6.81B
Average 81.15x 7.00x 29.88x 1.4% 16.14B
Weighted average by Cap. 83.26x 7.28x 27.41x 0.65%

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