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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 7/10

vs
industry
vs
history
Cash to Debt No Debt
CGNX's Cash to Debt is ranked higher than
98% of the 2185 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.43 vs. CGNX: No Debt )
Ranked among companies with meaningful Cash to Debt only.
CGNX' s 10-Year Cash to Debt Range
Min: 6.6  Med: 10000.00 Max: No Debt
Current: No Debt
Equity to Asset 0.92
CGNX's Equity to Asset is ranked higher than
98% of the 2096 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.58 vs. CGNX: 0.92 )
Ranked among companies with meaningful Equity to Asset only.
CGNX' s 10-Year Equity to Asset Range
Min: 0.86  Med: 0.90 Max: 0.94
Current: 0.92
0.86
0.94
Interest Coverage No Debt
CGNX's Interest Coverage is ranked higher than
97% of the 1287 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 288.19 vs. CGNX: No Debt )
Ranked among companies with meaningful Interest Coverage only.
CGNX' s 10-Year Interest Coverage Range
Min: 9999.99  Med: 10000.00 Max: 9999.99
Current: No Debt
F-Score: 8
Z-Score: 35.16
M-Score: -2.49
WACC vs ROIC
9.41%
20.26%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 8/10

vs
industry
vs
history
Operating margin (%) 28.53
CGNX's Operating margin (%) is ranked higher than
98% of the 2178 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.48 vs. CGNX: 28.53 )
Ranked among companies with meaningful Operating margin (%) only.
CGNX' s 10-Year Operating margin (%) Range
Min: -19.43  Med: 23.27 Max: 42.87
Current: 28.53
-19.43
42.87
Net-margin (%) 24.27
CGNX's Net-margin (%) is ranked higher than
97% of the 2178 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.86 vs. CGNX: 24.27 )
Ranked among companies with meaningful Net-margin (%) only.
CGNX' s 10-Year Net-margin (%) Range
Min: -7.91  Med: 19.34 Max: 27.18
Current: 24.27
-7.91
27.18
ROE (%) 17.24
CGNX's ROE (%) is ranked higher than
85% of the 2154 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.91 vs. CGNX: 17.24 )
Ranked among companies with meaningful ROE (%) only.
CGNX' s 10-Year ROE (%) Range
Min: -2.92  Med: 8.90 Max: 20.63
Current: 17.24
-2.92
20.63
ROA (%) 15.61
CGNX's ROA (%) is ranked higher than
95% of the 2199 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.07 vs. CGNX: 15.61 )
Ranked among companies with meaningful ROA (%) only.
CGNX' s 10-Year ROA (%) Range
Min: -2.64  Med: 7.93 Max: 18.15
Current: 15.61
-2.64
18.15
ROC (Joel Greenblatt) (%) 137.13
CGNX's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 2195 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9.70 vs. CGNX: 137.13 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
CGNX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -39.53  Med: 57.57 Max: 170.63
Current: 137.13
-39.53
170.63
Revenue Growth (3Y)(%) 13.20
CGNX's Revenue Growth (3Y)(%) is ranked higher than
84% of the 1471 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. CGNX: 13.20 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
CGNX' s 10-Year Revenue Growth (3Y)(%) Range
Min: -14.9  Med: 8.80 Max: 19.9
Current: 13.2
-14.9
19.9
EBITDA Growth (3Y)(%) 16.40
CGNX's EBITDA Growth (3Y)(%) is ranked higher than
72% of the 1161 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.70 vs. CGNX: 16.40 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
CGNX' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0  Med: 1.20 Max: 36.1
Current: 16.4
0
36.1
EPS Growth (3Y)(%) 18.40
CGNX's EPS Growth (3Y)(%) is ranked higher than
70% of the 1073 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. CGNX: 18.40 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
CGNX' s 10-Year EPS Growth (3Y)(%) Range
Min: -37.9  Med: 3.00 Max: 33.7
Current: 18.4
-37.9
33.7
» CGNX's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q3 2014

CGNX Guru Trades in Q3 2014

Louis Moore Bacon 11,000 sh (New)
Caxton Associates 50,000 sh (+16.28%)
Jim Simons Sold Out
Chuck Royce 4,512,604 sh (-13.24%)
Manning & Napier Advisors, Inc 52,870 sh (-17.95%)
Ron Baron 1,400,000 sh (-20.00%)
» More
Q4 2014

CGNX Guru Trades in Q4 2014

Paul Tudor Jones 11,248 sh (New)
Jim Simons 140,928 sh (New)
Joel Greenblatt 19,391 sh (New)
Ron Baron 1,400,000 sh (unchged)
Chuck Royce 3,760,704 sh (unchged)
Caxton Associates Sold Out
Manning & Napier Advisors, Inc 49,130 sh (-7.07%)
Louis Moore Bacon 10,000 sh (-9.09%)
Chuck Royce 3,760,704 sh (-16.66%)
» More
Q1 2015

CGNX Guru Trades in Q1 2015

Caxton Associates 114,800 sh (New)
Louis Moore Bacon 75,004 sh (+650.04%)
Jim Simons 227,676 sh (+61.55%)
Ron Baron 1,400,000 sh (unchged)
Joel Greenblatt Sold Out
Paul Tudor Jones Sold Out
Manning & Napier Advisors, Inc 46,860 sh (-4.62%)
Chuck Royce 3,512,604 sh (-6.60%)
» More
Q2 2015

CGNX Guru Trades in Q2 2015

Manning & Napier Advisors, Inc Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with CGNX

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Guru Investment Theses on Cognex Corp

Baron Funds Comments on Cognex Corp. - Nov 21, 2013

Cognex Corp. (NASDAQ:CGNX), a leading provider of machine vision systems, rose 38.4% in the quarter. Cognex beat estimates and raised guidance citing strength in its factory automation segment, especially its "product ID" offerings. The company announced important orders from global logistics customers and accelerating sales to China, both new markets with big potential. We continue to like the company's prospects, but we did trim our position in the quarter with the stock so strong.

From Ron Baron’s Baron Funds third quarter 2013 report.


Check out Ron Baron latest stock trades

Ratios

vs
industry
vs
history
P/E(ttm) 32.27
CGNX's P/E(ttm) is ranked lower than
71% of the 1519 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 17.50 vs. CGNX: 32.27 )
Ranked among companies with meaningful P/E(ttm) only.
CGNX' s 10-Year P/E(ttm) Range
Min: 13.71  Med: 30.40 Max: 250
Current: 32.27
13.71
250
Forward P/E 25.38
CGNX's Forward P/E is ranked lower than
73% of the 683 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 15.31 vs. CGNX: 25.38 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 32.10
CGNX's PE(NRI) is ranked lower than
71% of the 1519 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 17.30 vs. CGNX: 32.10 )
Ranked among companies with meaningful PE(NRI) only.
CGNX' s 10-Year PE(NRI) Range
Min: 12.23  Med: 29.70 Max: 206.25
Current: 32.1
12.23
206.25
P/B 5.06
CGNX's P/B is ranked lower than
85% of the 2120 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.41 vs. CGNX: 5.06 )
Ranked among companies with meaningful P/B only.
CGNX' s 10-Year P/B Range
Min: 1  Med: 2.52 Max: 5.81
Current: 5.06
1
5.81
P/S 7.84
CGNX's P/S is ranked lower than
91% of the 2166 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.88 vs. CGNX: 7.84 )
Ranked among companies with meaningful P/S only.
CGNX' s 10-Year P/S Range
Min: 1.82  Med: 4.77 Max: 10.04
Current: 7.84
1.82
10.04
PFCF 34.50
CGNX's PFCF is ranked lower than
71% of the 1097 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 16.73 vs. CGNX: 34.50 )
Ranked among companies with meaningful PFCF only.
CGNX' s 10-Year PFCF Range
Min: 8.59  Med: 23.60 Max: 105.39
Current: 34.5
8.59
105.39
POCF 28.74
CGNX's POCF is ranked lower than
76% of the 1479 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 12.63 vs. CGNX: 28.74 )
Ranked among companies with meaningful POCF only.
CGNX' s 10-Year POCF Range
Min: 7.64  Med: 21.15 Max: 59.28
Current: 28.74
7.64
59.28
EV-to-EBIT 25.69
CGNX's EV-to-EBIT is ranked lower than
71% of the 1568 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 13.41 vs. CGNX: 25.69 )
Ranked among companies with meaningful EV-to-EBIT only.
CGNX' s 10-Year EV-to-EBIT Range
Min: -59.8  Med: 20.20 Max: 137.9
Current: 25.69
-59.8
137.9
Shiller P/E 54.43
CGNX's Shiller P/E is ranked lower than
78% of the 827 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 22.05 vs. CGNX: 54.43 )
Ranked among companies with meaningful Shiller P/E only.
CGNX' s 10-Year Shiller P/E Range
Min: 14.21  Med: 43.64 Max: 66.86
Current: 54.43
14.21
66.86
Current Ratio 4.63
CGNX's Current Ratio is ranked higher than
87% of the 2121 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.97 vs. CGNX: 4.63 )
Ranked among companies with meaningful Current Ratio only.
CGNX' s 10-Year Current Ratio Range
Min: 3.28  Med: 6.04 Max: 10.75
Current: 4.63
3.28
10.75
Quick Ratio 3.91
CGNX's Quick Ratio is ranked higher than
88% of the 2121 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.47 vs. CGNX: 3.91 )
Ranked among companies with meaningful Quick Ratio only.
CGNX' s 10-Year Quick Ratio Range
Min: 2.84  Med: 5.54 Max: 10.17
Current: 3.91
2.84
10.17
Days Inventory 99.53
CGNX's Days Inventory is ranked lower than
68% of the 2135 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 71.74 vs. CGNX: 99.53 )
Ranked among companies with meaningful Days Inventory only.
CGNX' s 10-Year Days Inventory Range
Min: 74  Med: 119.02 Max: 192.44
Current: 99.53
74
192.44
Days Sales Outstanding 40.36
CGNX's Days Sales Outstanding is ranked higher than
83% of the 1870 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 71.89 vs. CGNX: 40.36 )
Ranked among companies with meaningful Days Sales Outstanding only.
CGNX' s 10-Year Days Sales Outstanding Range
Min: 38.23  Med: 62.15 Max: 84.88
Current: 40.36
38.23
84.88

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.15
CGNX's Dividend Yield is ranked lower than
97% of the 1922 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.99 vs. CGNX: 0.15 )
Ranked among companies with meaningful Dividend Yield only.
CGNX' s 10-Year Dividend Yield Range
Min: 0.14  Med: 1.16 Max: 5.39
Current: 0.15
0.14
5.39
Dividend growth (3y) -100.00
CGNX's Dividend growth (3y) is ranked lower than
82% of the 593 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.70 vs. CGNX: -100.00 )
Ranked among companies with meaningful Dividend growth (3y) only.
CGNX' s 10-Year Dividend growth (3y) Range
Min: 0  Med: -100.00 Max: 40.1
Current: -100
0
40.1
Yield on cost (5-Year) 0.15
CGNX's Yield on cost (5-Year) is ranked lower than
97% of the 1964 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.04 vs. CGNX: 0.15 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
CGNX' s 10-Year Yield on cost (5-Year) Range
Min: 0.14  Med: 1.16 Max: 5.39
Current: 0.15
0.14
5.39
Share Buyback Rate -1.40
CGNX's Share Buyback Rate is ranked higher than
52% of the 1504 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: -1.50 vs. CGNX: -1.40 )
Ranked among companies with meaningful Share Buyback Rate only.
CGNX' s 10-Year Share Buyback Rate Range
Min: 5.3  Med: -0.50 Max: -3.3
Current: -1.4

Valuation & Return

vs
industry
vs
history
Price/Net Cash 36.25
CGNX's Price/Net Cash is ranked lower than
82% of the 428 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 7.70 vs. CGNX: 36.25 )
Ranked among companies with meaningful Price/Net Cash only.
CGNX' s 10-Year Price/Net Cash Range
Min: 4.18  Med: 11.49 Max: 671.17
Current: 36.25
4.18
671.17
Price/Net Current Asset Value 16.29
CGNX's Price/Net Current Asset Value is ranked lower than
87% of the 1448 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.28 vs. CGNX: 16.29 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
CGNX' s 10-Year Price/Net Current Asset Value Range
Min: 2.6  Med: 5.55 Max: 21.99
Current: 16.29
2.6
21.99
Price/Tangible Book 5.76
CGNX's Price/Tangible Book is ranked lower than
84% of the 2064 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.51 vs. CGNX: 5.76 )
Ranked among companies with meaningful Price/Tangible Book only.
CGNX' s 10-Year Price/Tangible Book Range
Min: 1.81  Med: 3.37 Max: 14.36
Current: 5.76
1.81
14.36
Price/Projected FCF 2.49
CGNX's Price/Projected FCF is ranked lower than
71% of the 839 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.27 vs. CGNX: 2.49 )
Ranked among companies with meaningful Price/Projected FCF only.
CGNX' s 10-Year Price/Projected FCF Range
Min: 0.68  Med: 1.59 Max: 4.26
Current: 2.49
0.68
4.26
Price/Median PS Value 1.65
CGNX's Price/Median PS Value is ranked lower than
77% of the 1936 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.06 vs. CGNX: 1.65 )
Ranked among companies with meaningful Price/Median PS Value only.
CGNX' s 10-Year Price/Median PS Value Range
Min: 0.51  Med: 1.28 Max: 3.04
Current: 1.65
0.51
3.04
Price/Peter Lynch Fair Value 2.23
CGNX's Price/Peter Lynch Fair Value is ranked lower than
81% of the 278 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.08 vs. CGNX: 2.23 )
Ranked among companies with meaningful Price/Peter Lynch Fair Value only.
CGNX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.41  Med: 1.27 Max: 12.87
Current: 2.23
0.41
12.87
Price/Graham Number 2.84
CGNX's Price/Graham Number is ranked lower than
80% of the 1357 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.03 vs. CGNX: 2.84 )
Ranked among companies with meaningful Price/Graham Number only.
CGNX' s 10-Year Price/Graham Number Range
Min: 1.18  Med: 2.10 Max: 4.98
Current: 2.84
1.18
4.98
Earnings Yield (Greenblatt) (%) 3.88
CGNX's Earnings Yield (Greenblatt) (%) is ranked lower than
51% of the 2166 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.10 vs. CGNX: 3.88 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
CGNX' s 10-Year Earnings Yield (Greenblatt) (%) Range
Min: 0.7  Med: 4.70 Max: 13.1
Current: 3.88
0.7
13.1
Forward Rate of Return (Yacktman) (%) 16.83
CGNX's Forward Rate of Return (Yacktman) (%) is ranked higher than
74% of the 832 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.09 vs. CGNX: 16.83 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
CGNX' s 10-Year Forward Rate of Return (Yacktman) (%) Range
Min: -16.2  Med: 3.40 Max: 56.3
Current: 16.83
-16.2
56.3

Business Description

Industry: Computer Hardware » Scientific & Technical Instruments
Compare:A, ROP, GRMN, HXGBY, TRMB » details
Traded in other countries:CGZ.Germany,
Cognex Corp was incorporated in Massachusetts in 1981. The Company is a provider of machine vision products that capture and analyze visual information in order to automate tasks, mainly in manufacturing processes, where vision is required. It has two operating divisions: the Modular Vision Systems Division (MVSD), based in Natick, Massachusetts, and the Surface Inspection Systems Division (SISD), based in Hayward, California. MVSD develops, manufactures, and markets modular vision systems and ID products that are used to automate the manufacture and tracking of discrete items, such as cellular phones, aspirin bottles, and automobile wheels, by locating, identifying, inspecting, and measuring them during the manufacturing or distribution process. SISD develops, manufactures, and markets surface inspection vision systems that are used to inspect the surfaces of materials processed in a continuous fashion, such as metal, paper, nonwoven, plastic, and glass, to ensure there are no flaws or defects on the surfaces. The products include vision and ID products designed to meet customer needs at different performance and price points. Its competitors include other vendors of machine vision systems, controllers, and components; manufacturers of image processing systems, sensors, and components; and system integrators. The Company also competes with manufacturers of automatic identification systems.
» More Articles for CGNX

Headlines

Articles On GuruFocus.com
Investing in the Robot Revolution Dec 31 2014 
Agilent Has Focused on Several Strategic Actions Mar 20 2014 
Baron Funds Comments on Cognex Corp. Nov 21 2013 
Baron Funds Comments on Cognex Aug 23 2012 
Cognex Hits 7-Year High After Another Blowout Quarter Aug 02 2011 
Cognex Corp. (CGNX) Sr. VP F&A, CFO Richard Morin sells 1,983 Shares Dec 14 2010 
Guru Stocks Raising Dividends: RKT, EXLP, MCY, CGNX, MIG Nov 14 2010 
16 Dividend Stocks Delivering What’s Important: RKT, EXLP, MCY, CGNX, MIG, etc. Nov 08 2010 
Cognex Corp. (CGNX) CEO Robert J Shillman sells 62,250 Shares Nov 05 2010 
Cognex Corp. Reports Operating Results (10-Q) Nov 01 2010 

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