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 10,685 - -
Change - -40.74% -11.8% -14.4% -1.96% 77.19% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 10,285 10,094 9,882
Change - -40.66% -12.34% -14.58% -3.31% 78.33% -1.86% -2.09%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 45x 37.5x 30.9x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.71x 6.01x 5.18x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.9x 1.4x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 9.65x 8.87x 8.07x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 9.29x 8.38x 7.47x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 33.4x 27.9x 23.5x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 36.9x 30.9x 25.9x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 37.9x 32.2x 27.1x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.64% 3.1% 3.7%
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% 0.53% 0.57% 0.6%
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 64.20 64.20 64.20
Nbr of stocks (in thousands) 1,76,799 1,72,930 1,72,142 1,71,515 1,67,598 1,66,419 - -
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.($)
48.69x10.08x36.27x0.49% 1.16TCr
44.19x7.87x24.89x-.--% 5.46TCr
45.6x5.84x21.79x0.27% 2.49TCr
300.88x - - - 1.77TCr
198.93x18.18x97.58x - 1.1TCr
55.32x6.71x25.95x - 887.45Cr
178.16x - - - 778.22Cr
36.23x3.85x19.27x0.28% 775.25Cr
45.63x - - - 774.39Cr
23.91x2.83x12.74x1.58% 715.28Cr
Average 97.76x 7.91x 34.07x 0.52% 1.59TCr
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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