CGNX Valuation

Cognex Corp

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43.970

-0.3(-0.678%)1D

Overview
Forecast
Valuation
Earnings

CGNX Relative Valuation

CGNX's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CGNX is overvalued; if below, it's undervalued.

Historical Valuation

Cognex Corp (CGNX) is now in the Fair zone, suggesting that its current forward PE ratio of 44.42 is considered Fairly compared with the five-year average of 51.02. The fair price of Cognex Corp (CGNX) is between 37.50 to 56.13 according to relative valuation methord.

Relative Value

Fair Zone

37.50-56.13

Current Price：44.27

Fair

44.12

Trailing

Forward

34.64

EV/EBITDA

Cognex Corp. (CGNX) has a current EV/EBITDA of 34.64. The 5-year average EV/EBITDA is 36.81. The thresholds are as follows: Strongly Undervalued below 21.20, Undervalued between 21.20 and 29.00, Fairly Valued between 44.61 and 29.00, Overvalued between 44.61 and 52.42, and Strongly Overvalued above 52.42. The current Forward EV/EBITDA of 34.64 falls within the Historic Trend Line -Fairly Valued range.

38.95

EV/EBIT

Cognex Corp. (CGNX) has a current EV/EBIT of 38.95. The 5-year average EV/EBIT is 42.07. The thresholds are as follows: Strongly Undervalued below 22.53, Undervalued between 22.53 and 32.30, Fairly Valued between 51.84 and 32.30, Overvalued between 51.84 and 61.61, and Strongly Overvalued above 61.61. The current Forward EV/EBIT of 38.95 falls within the Historic Trend Line -Fairly Valued range.

7.38

Cognex Corp. (CGNX) has a current PS of 7.38. The 5-year average PS is 9.71. The thresholds are as follows: Strongly Undervalued below 3.60, Undervalued between 3.60 and 6.66, Fairly Valued between 12.77 and 6.66, Overvalued between 12.77 and 15.83, and Strongly Overvalued above 15.83. The current Forward PS of 7.38 falls within the Historic Trend Line -Fairly Valued range.

40.56

P/OCF

Cognex Corp. (CGNX) has a current P/OCF of 40.56. The 5-year average P/OCF is 38.42. The thresholds are as follows: Strongly Undervalued below 20.01, Undervalued between 20.01 and 29.21, Fairly Valued between 47.62 and 29.21, Overvalued between 47.62 and 56.82, and Strongly Overvalued above 56.82. The current Forward P/OCF of 40.56 falls within the Historic Trend Line -Fairly Valued range.

42.86

P/FCF

Cognex Corp. (CGNX) has a current P/FCF of 42.86. The 5-year average P/FCF is 42.24. The thresholds are as follows: Strongly Undervalued below 22.77, Undervalued between 22.77 and 32.51, Fairly Valued between 51.97 and 32.51, Overvalued between 51.97 and 61.71, and Strongly Overvalued above 61.71. The current Forward P/FCF of 42.86 falls within the Historic Trend Line -Fairly Valued range.

Cognex Corp (CGNX) has a current Price-to-Book (P/B) ratio of 4.94. Compared to its 3-year average P/B ratio of 4.91 , the current P/B ratio is approximately 0.46% higher. Relative to its 5-year average P/B ratio of 6.60, the current P/B ratio is about -25.21% higher. Cognex Corp (CGNX) has a Forward Free Cash Flow (FCF) yield of approximately 2.43%. Compared to its 3-year average FCF yield of 2.02%, the current FCF yield is approximately 20.31% lower. Relative to its 5-year average FCF yield of 2.07% , the current FCF yield is about 17.73% lower.

4.90

P/B

Median3y

4.91

Median5y

6.60

2.42

FCF Yield

Median3y

2.02

Median5y

2.07

Competitors Valuation Multiple

The average P/S ratio for CGNX's competitors is 4.89, providing a benchmark for relative valuation. Cognex Corp Corp (CGNX) exhibits a P/S ratio of 7.38, which is 51.12% above the industry average. Given its robust revenue growth of 4.10%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

ESCO Technologies Inc

Performance Decomposition

Market capitalization of CGNX increased by 9.31% over the past 1 year. The primary factor behind the change was an increase in Margin Expansion from 15.13 to 16.26.

The secondary factor is the Revenue Growth, contributed 4.10%to the performance.

Overall, the performance of CGNX in the past 1 year is driven by Margin Expansion. Which is more sustainable.

4.10%

239.29M → 249.09M

Revenue Growth

7.47%

15.13 → 16.26

Margin Expansion

-2.26%

62.63 → 61.21

P/E Change

9.31%