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 10,822 - -
Change - -40.74% -11.8% -14.4% -1.96% 79.47% - -
Enterprise Value (EV) 1 13,424 7,965 6,983 5,964 5,767 10,419 10,222 10,001
Change - -40.66% -12.34% -14.58% -3.31% 80.66% -1.89% -2.17%
P/E 49.8x 38.3x 64.2x 57.8x 52.9x 45.4x 37.8x 30.7x
PBR 9.78x 5.73x 4.76x 4.08x 4.08x 6.78x 6.06x 5.19x
PEG - -1.8x -1.4x -12.52x 5.47x 0x 1.9x 1.3x
Capitalization / Revenue 13.3x 8.1x 8.58x 6.73x 6.06x 9.76x 8.96x 8.12x
EV / Revenue 12.9x 7.92x 8.34x 6.52x 5.8x 9.4x 8.47x 7.5x
EV / EBITDA 40x 27.6x 45.2x 38.1x 26.9x 33.7x 28x 23.3x
EV / EBIT 42.6x 29.6x 50.9x 43.9x 29.6x 37.2x 31x 25.5x
EV / FCF 45x 35.6x 77.7x 44.5x 24.4x 38.2x 32.4x 26.4x
FCF Yield 2.22% 2.81% 1.29% 2.25% 4.11% 2.62% 3.09% 3.79%
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% 0.56% 0.59%
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 65.03 65.03 65.03
Nbr of stocks (in thousands) 176,799 172,930 172,142 171,515 167,598 166,419 - -
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.($)
45.45x9.4x33.72x0.53% 10.82B
45.02x8.02x25.35x-.--% 55.67B
44.41x5.7x21.28x0.28% 24.21B
343.75x - - - 20.37B
52.4x6.37x25.91x - 8.43B
192.71x - - - 8.44B
35.33x3.76x18.81x0.28% 7.56B
7.71x - - 6.98% 7.2B
22.89x2.77x12.22x1.72% 7.05B
Average 87.74x 6.00x 22.88x 1.63% 16.64B
Weighted average by Cap. 91.01x 6.93x 24.08x 0.68%

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