返回排名列表

Cognex Corporation (CGNX)

被高估
TechnologyScientific & Technical InstrumentsUnited States

基本面

63

价格

$61.41

市值

$10.20B

第一部分 · 这家公司值多少

概览

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 2026年9月18日 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.

资产负债表与流动性

营收

$1.09B

最近12个月(截至2026/7/5)

净利润

$175M

最近12个月(截至2026/7/5)

自由现金流

$237M

股东权益合计

$1.49B

负债合计

$525M

流动比率

3.93

利息覆盖率

-

债务/EBITDA

0.27

每股收益

营收与净利润

自由现金流

收入构成

历史财务表

利润率变化

债务变化

债务负担有多重

增长一览表

增长 — 营业收入

公允价值估算

一般情形被高估

公允价值

$40.30

当前价格

$61.41

安全边际

-52.4%

公允价值区间

$26.19 - $54.40

所用估值方法之间的离散区间,并非经过统计校准的置信区间。

估算方法

分析师目标价:$79.58
现金流折现法(DCF):$17.44
市盈率法(P/E):$32.15
格雷厄姆成长公式:$7.78
盈利能力价值(EPV):$8.69
合理市净率(P/B):$4.13
股息折现模型(戈登模型):$3.89
P/FFO(运营资金):数据不足,无法计算
周期中段收益:$40.19
市销率法(P/S):$32.70
分析师共识:买入 (20B / 8H / 0S)
最近财报超预期:+4.00%

估值指标

市盈率(P/E)

58.32

ROE

7.7%

市净率(P/B)

6.26

P/FCF

38.03

毛利率

68.9%

ROIC

9.6%

盈利能力雷达图

价值创造(经济护城河)

ROIC

9.6%

WACC

12.6%

ROIC − WACC

-3.0 pp

ROIC 低于资本成本:公司每投入一美元都在毁灭价值。

基本面分析标准

通过(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

未通过(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%

不可用(3)

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

Piotroski F-评分

7/9

财务状况强健

score
criteria

盈利质量

1.58

高质量:盈利有现金流支撑

股权稀释

-1.7%

正在回购股份,对股东友好

机构持股

公司治理

管理团队

姓名职位年龄
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-

审计风险

7

董事会风险

3

薪酬风险

6

股东权利风险

6

第二部分 · 价格与买入时机

这一部分不判断公司是否值得拥有:它帮助你在基本面说服你之后,选择何时买入。包含:技术分析、潜力、历史回撤、Gamma 敞口。

文件

  • 年度报告(10-K)

    对公司业务、财务业绩和风险的年度概述。

    提交日期:2026-02-12

    查看文件
  • 季度报告(10-Q)

    最近三个月财务表现的最新情况。

    提交日期:2026-08-06

    查看文件
  • 临时报告(8-K)

    关于重大事件(如管理层变动或重要公告)的通知。

    提交日期:2026-09-22

    查看文件

via SEC EDGAR

损益历史

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