Cognex Corp
NASDAQ:CGNX
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (39.7), the stock would be worth $48.24 (13% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 45.7 | $55.5 |
0%
|
| 3-Year Average | 39.7 | $48.24 |
-13%
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| 5-Year Average | 39 | $47.41 |
-15%
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| Industry Average | 17.3 | $20.97 |
-62%
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| Country Average | 14.4 | $17.44 |
-69%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
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$9.3B
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/ |
Jan 2026
$193.4m
|
= |
|
|
$9.3B
|
/ |
Dec 2026
$259.2m
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= |
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$9.3B
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/ |
Dec 2027
$313.9m
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= |
|
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$9.3B
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/ |
Dec 2028
$368.8m
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= |
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Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Cognex Corp
NASDAQ:CGNX
|
9.3B USD | 45.7 | 80.4 | |
| JP |
|
Keyence Corp
TSE:6861
|
15.2T JPY | 23.8 | 36.4 | |
| US |
|
Keysight Technologies Inc
NYSE:KEYS
|
57.4B USD | 47.3 | 59.7 | |
| CN |
|
Hangzhou Hikvision Digital Technology Co Ltd
SZSE:002415
|
307.4B CNY | 18.4 | 23.3 | |
| US |
|
Teledyne Technologies Inc
NYSE:TDY
|
29.4B USD | 20.9 | 32.8 | |
| SE |
|
Hexagon AB
STO:HEXA B
|
275.3B SEK | 12.7 | 41.4 | |
| CN |
|
Zhonghang Electronic Measuring Instruments Co Ltd
SZSE:300114
|
192.9B CNY | 2 350.2 | 1 890.2 | |
| TW |
|
Chroma ATE Inc
TWSE:2360
|
868.4B TWD | 86.1 | 74.3 | |
| UK |
|
Halma PLC
LSE:HLMA
|
17.2B GBP | 29 | 49.2 | |
| CN |
|
Huagong Tech Co Ltd
SZSE:000988
|
112.9B CNY | 72.7 | 76.8 | |
| US |
|
Trimble Inc
NASDAQ:TRMB
|
16.4B USD | 21.2 | 38.5 |
Market Distribution
| Min | 0 |
| 30th Percentile | 10 |
| Median | 14.4 |
| 70th Percentile | 21.5 |
| Max | 1 767 274.1 |
Other Multiples
Cognex Corp
Glance View
Cognex Corporation emerged on the scene with a vision to blend cutting-edge technology with industrial efficiency, carving out a niche in the machine vision industry. Founded by Dr. Robert Shillman in 1981, the company initially saw its innovation as a way to develop a computer program that could read alphanumeric codes, a task simple for humans but daunting for machines. Today, Cognex has grown into a leading provider of vision systems, software, and sensors. At its core, the company thrives on developing advanced algorithms that enable machines to "see" and interpret visual data with clarity and precision. These technologies play an essential role in automating manufacturing processes, reducing defects, delivering consistent quality, and ensuring that products meet strict specifications before they reach consumers. Cognex's revenue model hinges on its ability to provide industrial clients with tailored machine vision solutions that improve operational efficiency and cost-effectiveness. The company sells its products directly to manufacturers in sectors such as automotive, consumer electronics, logistics, and pharmaceuticals. Additionally, Cognex offers service packages, including training and customer support, which ensures clients derive maximum utility from their products. The company's strategic investments in research and development fuel its growth by continually expanding the capabilities of machine vision technologies, ensuring it stays ahead in a rapidly evolving landscape. This relentless focus on innovation and customization is what positions Cognex as a trusted partner in the ongoing digital transformation of industries worldwide.
