0.45%
11.76%
-1.26%
2.10%
9.08%
-39.93%
-23.31%
AI Spotlight on CGNX
Company Description
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide.Its machine vision products are used to automate the manufacturing and tracking of discrete items, including mobile phones, aspirin bottles, and automobile tires by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process.The company offers VisionPro software, a suite of patented vision tools for advanced programming; QuickBuild that allows customers to build vision applications with a graphical, flowchart-based programming interface; and Cognex deep learning vision software.
It also provides a range of inspection tasks, including part location, identification, measurement, assembly verification, and robotic guidance; vision sensors for vision applications, such as checking the presence and size of parts; and the In-Sight product line of vision systems and sensors.In addition, the company offers DataMan, an image-based barcode readers and barcode verifiers.It sells its products to consumer electronics, automotive, consumer products, food and beverage, pharmaceuticals, and medical devices industries, as well as through a network of distributors and integrators.
Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts.
Market Data
| Last Price | 39.9 |
| Change Percentage | 0.45% |
| Open | 39.89 |
| Previous Close | 39.72 |
| Market Cap ( Millions) | 6843 |
| Volume | 1374316 |
| Year High | 53.13 |
| Year Low | 34.79 |
| M A 50 | 38.29 |
| M A 200 | 41.64 |
Financial Ratios
| FCF Yield | 1.35% |
| Dividend Yield | 0.76% |
| ROE | 5.87% |
| Debt / Equity | 4.93% |
| Net Debt / EBIDTA | -95.21% |
| Price To Book | 4.37 |
| Price Earnings Ratio | 76.85 |
| Price To FCF | 74.24 |
| Price To sales | 7.76 |
| EV / EBITDA | 53.39 |
News
- Jan -23 - Cognex Announces Fourth Quarter 2024 Earnings Release and Conference Call Dates
- Jan -14 - Cognex Strengthens Market Leadership in Industrial Barcode Reading with Two New AI-Powered Products
- Dec -27 - Here Are My 3 Top Growth Stocks to Buy Now
- Dec -20 - Cognex initiated with an Overweight at Cantor Fitzgerald
- Dec -11 - A Bull Market Is Here: 2 Smart Stocks Down 35% and 60% to Buy Right Now
- Dec -09 - Meet the Supercharged Growth Stock That Could Make You a Millionaire
- Nov -11 - Cognex to Present at the Baird Global Industrial Conference
- Nov -11 - Cognex: Not Out Of The Woods Yet
- Oct -31 - Cognex Corporation (CGNX) Q3 2024 Earnings Call Transcript
- Oct -30 - Cognex Corporation (CGNX) Beats Q3 Earnings and Revenue Estimates
- Oct -30 - Cognex Reports Third Quarter 2024 Results
- Oct -30 - Cognex Declares Quarterly Cash Dividend
- Oct -11 - Cognex Announces Third Quarter 2024 Earnings Release and Conference Call Dates
- Sep -29 - 2 Top Automation and Robotics Stocks to Buy in October
- Sep -27 - 10 Hypergrowth Blue-Chip Bargain Buys With This Market At Record Highs
- Sep -25 - Vision Sensor Market Size Worth $8.33 Billion, Globally, by 2030 - Exclusive Report by The Insight Partners
- Sep -19 - A Bull Market Is Here: 2 Incredibly Innovative Growth Stocks Down 14% and 59% to Buy Right Now
- Sep -05 - Here's Why Cognex Stock Slumped in August (and Why It's a Buying Opportunity)
- Sep -03 - Inspection Machines Market Forecast Report 2024-2030, with Coverage of Major Players such as Brevetti C.E.A., Cognex, Korber, Mettler-Toledo, Sartorius and More
- Aug -15 - The 3 Best Robotics Stocks to Buy in August 2024
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Standard Products and Services
Expected Growth : 11.0 %
What the company do ?
Cognex Corporation's Standard Products and Services include machine vision systems, barcode readers, and industrial barcode verifiers for automation and inspection applications.
Why we expect these perspectives ?
Cognex Corporation's Standard Products and Services segment growth of 11.0% is driven by increasing demand for machine vision and industrial barcode reader (IBR) products, expansion into new markets, and growing adoption in industries such as logistics, e-commerce, and food processing. Additionally, the company's strategic investments in research and development, sales, and marketing have contributed to the segment's growth.
Segment n°2 -> Application-specific Customer Solutions
Expected Growth : 15.0 %
What the company do ?
Application-specific Customer Solutions from Cognex Corporation provide tailored machine vision and industrial barcode reader solutions for manufacturing and logistics industries.
Why we expect these perspectives ?
Cognex Corporation's Application-specific Customer Solutions segment growth of 15.0% is driven by increasing demand for machine vision and industrial barcode reader solutions, particularly in the e-commerce, logistics, and manufacturing industries. Additionally, the company's strategic acquisitions and investments in emerging technologies such as AI and robotics are contributing to its growth momentum.
Cognex Corporation Products
| Product Range | What is it ? |
|---|---|
| Machine Vision Systems | Cognex's machine vision systems are used to inspect and analyze products on the production line, ensuring quality and detecting defects. |
| Barcode Readers | Cognex's barcode readers are used to quickly and accurately read barcodes, enabling efficient tracking and inventory management. |
| Industrial Barcode Scanners | Cognex's industrial barcode scanners are designed for harsh industrial environments, providing reliable barcode scanning in demanding applications. |
| Vision Software | Cognex's vision software provides a comprehensive platform for machine vision applications, including image processing, analysis, and automation. |
| Deep Learning-based Vision Systems | Cognex's deep learning-based vision systems use AI and machine learning to enable advanced image analysis and automation. |
Cognex Corporation's Porter Forces
Threat Of Substitutes
Cognex Corporation's products are highly specialized and customized, making it difficult for substitutes to emerge.
Bargaining Power Of Customers
While Cognex Corporation has a diverse customer base, some large customers may have bargaining power due to their significant purchases.
Bargaining Power Of Suppliers
Cognex Corporation has a diversified supply chain, reducing dependence on individual suppliers and minimizing their bargaining power.
Threat Of New Entrants
The machine vision industry has high barriers to entry, including significant R&D investments and specialized expertise, making it difficult for new entrants to compete with Cognex Corporation.
Intensity Of Rivalry
While Cognex Corporation is a market leader, it faces competition from other established players in the machine vision industry, leading to a moderate level of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 4.96% |
| Debt Cost | 3.95% |
| Equity Weight | 95.04% |
| Equity Cost | 11.35% |
| WACC | 10.98% |
| Leverage | 5.22% |
Cognex Corporation : Quality Control
Cognex Corporation passed 6 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| COHR | Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a range of commercial, industrial, and scientific research applications. It operates in two segments, Original Equipment Manufacturers (OEM) Laser … |
| MKSI | MKS Instruments, Inc. provides instruments, systems, subsystems, and process control solutions that measure, monitor, deliver, analyze, power, and control critical parameters of manufacturing processes worldwide. Its Vacuum & Analysis segment … |
| NOVT | Novanta Inc., together with its subsidiaries, designs, manufactures, markets, and sells photonics, vision, and precision motion components and sub-systems to original equipment manufacturers in the medical and industrial markets worldwide. … |
| ITRI | Itron, Inc., a technology and service company, provides end-to-end solutions that help manage operations in the energy, water, and smart city space worldwide. The company operates through three segments: Device … |
| TRMB | Trimble Inc. provides technology solutions that enable professionals and field mobile workers to enhance or transform their work processes worldwide. The company's Buildings and Infrastructure segment offers field and office … |
Peers Metrics
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