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 10,930 - -
Change - -40.74% -11.8% -14.4% -1.96% 81.25% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 10,500 10,305 10,057
Change - -40.66% -12.34% -14.58% -3.31% 82.06% -1.86% -2.4%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 40.1x 33.3x 29.7x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.39x 5.65x 4.94x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.6x 2.4x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 9.54x 8.68x 7.9x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 9.16x 8.19x 7.27x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 29.8x 24.8x 21.1x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 32.1x 26.6x 22.9x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 36.9x 29.4x 25.9x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.71% 3.41% 3.85%
Dividend per Share 2 0.245 0.265 0.286 0.305 0.325 0.343 0.3647 0.3762
Rate of return 0.32% 0.56% 0.69% 0.85% 0.9% 0.53% 0.56% 0.58%
EPS 2 1.56 1.23 0.65 0.62 0.68 1.619 1.95 2.19
Distribution rate 15.7% 21.5% 44% 49.2% 47.8% 21.2% 18.7% 17.2%
Net sales 1 1,037 1,006 837.5 914.5 994.4 1,146 1,259 1,383
EBITDA 1 335.4 288.3 154.5 156.4 214.1 352.3 415.8 476.7
EBIT 1 315.1 268.7 137.3 136 194.7 327.3 387.8 439.9
Net income 1 279.9 215.5 113.2 106.2 114.4 273.8 330.3 369.4
Net Debt 1 -323.6 -181.4 -202.7 -186.1 -262.9 -429.7 -624.6 -872.3
Reference price 2 77.76 47.11 41.74 35.86 35.98 64.97 64.97 64.97
Nbr of stocks (in thousands) 1,76,799 1,72,930 1,72,142 1,71,515 1,67,598 1,68,224 - -
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.($)
40.12x9.16x29.8x0.53% 1.09TCr
31.16x5.43x19.69x0.83% 12TCr
34.94x5.49x20.8x1.54% 9.75TCr
45.06x9.14x26.74x-.--% 6.55TCr
27.58x3.15x18.22x0.75% 6.03TCr
40.2x6.25x27.6x1.93% 5.82TCr
27.51x5.07x17.77x2.19% 3.59TCr
20.6x1.76x12.69x2.28% 3TCr
30.09x4.01x15.13x0.11% 2.95TCr
21.04x3.65x11.66x1.45% 2.93TCr
Average 31.83x 5.31x 20.01x 1.16% 5.4TCr
Weighted average by Cap. 32.85x 5.40x 20.44x 1.12%

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