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Cognex Corporation (CGNX)

Surévalué
TechnologyScientific & Technical InstrumentsUnited States

Fondamental

63

Prix

$61.41

Capitalisation boursière

$10.20B

Partie 1 · Ce que vaut l'entreprise

Vue d'ensemble

Cognex Corporation provides machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks in the United States, Europe, Greater China, and internationally. Its machine vision products are used to automate the manufacture and distribution of discrete items, such as mobile phones, automotive components, and e-commerce packages, by locating, identifying, inspecting, and measuring them. The company offers VisionPro software, a suite of patented vision tools for traditional rule-based tools and deep learning-enabled tools for advanced programming; vision systems that combine smart cameras and software to perform a wide range of tasks, including part location, identification, measurement, assembly verification, and robotic guidance; OneVision, a cloud-based platform designed to transform how manufacturers build, train, and scale AI-powered vision applications; In-Sight product line of vision systems and sensors; QuickBuild, which allows customers to build vision applications with a graphical and flowchart-based programming interface; DataMan, an image-based barcode reader for fixed-mount and handheld models, as well as barcode verifiers; and vision accessories, such as industrial cameras, lenses, lighting, vision controllers, frame grabbers, and I/O cards. It sells its products to the automotive, logistics, packaging, consumer electronics, medical-related, semiconductor, and consumer products industries. The company was incorporated in 1981 and is headquartered in Natick, Massachusetts.

No editorial profile for this company yet

Direct competitors

Who this company fights with for the same customers

Compare

Generated on 18 septembre 2026 with claude-haiku-4-5 — shared with all users

P/E: 34.1Score: 71Market cap: $17.27B

Zebra sells fixed industrial scanners and machine vision products to the warehouse and parcel-logistics customers that are Cognex's largest end market for barcode reading.

P/E: 29.3Score: 74Market cap: $28.32B

Through Teledyne DALSA and Teledyne Lumenera it supplies industrial cameras, frame grabbers and vision software for the same inspection applications Cognex addresses.

Keyence Corporation (キーエンス)6861

Keyence is Cognex's closest rival in factory-floor machine vision systems, vision sensors and code readers, selling to the same automotive, electronics and general manufacturing plants.

Omron Corporation (オムロン)6645

Omron's FH-series vision systems and vision sensors compete for the same in-line inspection budgets in automated factories, often bundled with its wider automation offering.

Basler AGBSL

Basler competes in industrial cameras and vision components, the part of the market Cognex expanded into with its Moritex optics business.

Datalogic S.p.A.DAL

Datalogic makes fixed and handheld industrial barcode readers and vision sensors sold to the same manufacturing and logistics customers as Cognex's DataMan line.

Bilan & Liquidités

Chiffre d'affaires

$1.09B

12 derniers mois (au 05/07/2026)

Résultat net

$175M

12 derniers mois (au 05/07/2026)

Flux de trésorerie libre

$237M

Capitaux propres totaux

$1.49B

Passif total

$525M

Ratio de liquidité général

3.93

Couverture des intérêts

-

Dette/EBITDA

0.27

Bénéfice par action

Chiffre d'affaires & Résultat net

Flux de trésorerie libre

Décomposition du résultat

État historique

Marges dans le temps

La dette dans le temps

Le poids de la dette

Grille de la croissance

Croissance — Chiffre d'affaires

Estimation de la juste valeur

Cas généralSurévalué

Juste valeur

$40.30

Prix actuel

$61.41

Marge de sécurité

-52.4%

Fourchette de juste valeur

$26.19 - $54.40

Écart entre les méthodes de valorisation utilisées, pas un intervalle de confiance calibré statistiquement.

Méthodes d'estimation

Objectif de cours des analystes:$79.58
Flux de trésorerie actualisés (DCF):$17.44
Multiple de résultat (P/E):$32.15
Formule de croissance de Graham:$7.78
Valeur de la capacité bénéficiaire (EPV):$8.69
P/B justifié:$4.13
Actualisation des dividendes (Gordon):$3.89
P/FFO, les fonds provenant de l'exploitation:Données insuffisantes pour le calculer
Bénéfices de milieu de cycle:$40.19
Multiple sur le chiffre d'affaires:$32.70
Consensus des analystes:Acheter (20B / 8H / 0S)
Dernière surprise sur les résultats:+4.00%

Indicateurs de valorisation

Ratio P/E

58.32

ROE

7.7%

Ratio P/B

6.26

P/FCF

38.03

Marge brute

68.9%

ROIC

9.6%

Radar de rentabilité

Création de valeur (avantage concurrentiel)

ROIC

9.6%

WACC

12.6%

ROIC − WACC

-3.0 pp

Le ROIC est inférieur au coût du capital — l'entreprise détruit de la valeur pour chaque dollar investi.

Critères d'analyse fondamentale

Réussi (18)

  • EPS shows upward trend
  • Price CAGR 6.23%
  • ROIC 9.6%
  • Gross Margin 68.9%
  • Debt/Equity ratio
  • Operating Margin 21.9%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 8.0%
  • Analyst Consensus 71% Buy
  • Earnings Surprise avg 17.5%
  • Earnings Quality (OCF/NI) 1.58
  • Share Dilution -1.7%
  • Net Margin Trend 16.1% vs 13.1%
  • Piotroski F-Score 7/9

Échoué (7)

  • EPS CAGR 0.18%
  • P/FCF 38.03
  • P/B Ratio 6.26
  • Low reliance on intangibles
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Revenue Growth 5Y 4.2%

Indisponible (3)

  • Dividend Payout NaN%
  • Interest Coverage
  • PEG Ratio (need PE > 0 and growth > 0)

Score F de Piotroski

7/9

Santé financière solide

score
criteria

Qualité des bénéfices

1.58

Qualité élevée : bénéfices soutenus par la trésorerie

Dilution du capital

-1.7%

Rachat d'actions. Favorable aux actionnaires

Participations institutionnelles

Gouvernance

Équipe dirigeante

NomTitreÂge
Mr. Matthew MoschnerPresident, CEO & Director38
Mr. Dennis S. FehrSenior VP of Finance & CFO44
Mr. Carl W. Gerst IIIExecutive Vice President of Global Sales & Products57
Ms. Sheila M. DiPalma CPAExecutive VP of Employee Services & Chief Culture Officer58
Dr. Robert J. Shillman Ph.D.Founder, Chairman Emeritus & Adviser78
Mr. Mike BowdoinVice President of Operations-
Ms. Laura Ann MacDonaldVP of Finance, Corporate Controller & Interim Principal Acc Officer56
Ms. Greer AvivHead of Investor Relations-
Mr. Mark T. FennellVP, Chief Legal Officer & Corporate Secretary-
Ms. Robin PrattCorporate Communications Contractor-

Risque d'audit

7

Risque du conseil

3

Risque de rémunération

6

Risque droits des actionnaires

6

Partie 2 · Le prix et le moment d'entrer

Cette partie ne dit pas si l'entreprise vaut la peine : elle aide à choisir quand l'acheter, une fois que les fondamentaux vous ont convaincu. À l'intérieur : analyse technique, potentiel, baisses historiques, exposition gamma.

Documents

  • Rapport annuel (10-K)

    Un aperçu annuel de l'activité, des résultats financiers et des risques de l'entreprise.

    Déposé le 2026-02-12

    Voir le document
  • Rapport trimestriel (10-Q)

    Une mise à jour de la performance financière des trois derniers mois.

    Déposé le 2026-08-06

    Voir le document
  • Rapport d'événement important (8-K)

    Un avis concernant un événement important, comme un changement de direction ou une annonce majeure.

    Déposé le 2026-09-22

    Voir le document

via SEC EDGAR

Historique des résultats

via SEC EDGAR

Latest News

Recent headlines for CGNX, sourced from Markets Gazette.

  • 3/9/2026NEUTRAL
    Assessing Cognex: Insights From 10 Financial Analysts

    Cognex Corporation (CGNX) is under review by financial analysts, with recent actions showing mixed sentiment. In March 2022, Goldman Sachs maintained a 'Sell' rating. Prior to that, in February 2022, Morgan Stanley maintained an 'Equal-Weight' rating, and JP Morgan upgraded the stock from 'Underweight' to 'Neutral'. This divergence in analyst opinions suggests a lack of clear consensus on the company's future performance, making it a neutral signal for investors at this time.

  • 2/24/2026POSITIVE
    $100 Invested In Cognex 20 Years Ago Would Be Worth This Much Today

    A recent analysis, hinted at by a provocative headline, suggests that a hypothetical $100 investment in Cognex Corporation two decades ago would today command a substantially higher value. While the precise figures remain undisclosed in the snippet, the implication points to Cognex's remarkable long-term growth trajectory and its capacity to generate significant returns for early investors. This historical performance underscores the company's resilience and innovation in the machine vision industry, positioning it as a compelling case study for patient, growth-oriented portfolios. Investors often look to such examples as indicators of a company's fundamental strength and future potential, even if past performance is not a guarantee of future results.

  • 2/22/2026NEGATIVE
    Is Cognex Stock a Buy or Sell After a Director Dumped Shares Worth $128,000?

    A cautionary signal has emerged from Cognex Corporation, a global leader in machine vision systems and industrial automation. A company director recently sold shares worth $128,000. While the amount itself is not staggering, the transaction is noteworthy given the stock's strong performance over the past year. Insider sales are often interpreted by the market as a potential indicator that a stock's valuation may have peaked or that future challenges lie ahead. Investors might question the management's confidence in near-term growth prospects. This event, while not a definitive red flag, warrants a closer look at the company's fundamentals and encourages monitoring for any further sales by key executives, which could reinforce a bearish signal.

via Markets Gazette