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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
92% of the 2924 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.33 vs. CGNX: No Debt )
CGNX' s 10-Year Cash to Debt Range
Min: 6.6   Max: No Debt
Current: No Debt

Equity to Asset 0.92
CGNX's Equity to Asset is ranked higher than
98% of the 2815 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.56 vs. CGNX: 0.92 )
CGNX' s 10-Year Equity to Asset Range
Min: 0.86   Max: 0.94
Current: 0.92

0.86
0.94
Interest Coverage No Debt
CGNX's Interest Coverage is ranked higher than
71% of the 1715 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 121.95 vs. CGNX: No Debt )
CGNX' s 10-Year Interest Coverage Range
Min: 9999.99   Max: 9999.99
Current: No Debt

F-Score: 8
Z-Score: 38.70
M-Score: -2.49
WACC vs ROIC
9.88%
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
99% of the 2917 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.62 vs. CGNX: 28.53 )
CGNX' s 10-Year Operating margin (%) Range
Min: -19.43   Max: 35.77
Current: 28.53

-19.43
35.77
Net-margin (%) 24.27
CGNX's Net-margin (%) is ranked higher than
98% of the 2917 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.92 vs. CGNX: 24.27 )
CGNX' s 10-Year Net-margin (%) Range
Min: -7.91   Max: 27.18
Current: 24.27

-7.91
27.18
ROE (%) 17.24
CGNX's ROE (%) is ranked higher than
89% of the 2882 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.23 vs. CGNX: 17.24 )
CGNX' s 10-Year ROE (%) Range
Min: -2.92   Max: 20.63
Current: 17.24

-2.92
20.63
ROA (%) 15.61
CGNX's ROA (%) is ranked higher than
97% of the 2942 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.17 vs. CGNX: 15.61 )
CGNX' s 10-Year ROA (%) Range
Min: -2.64   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 2933 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 10.04 vs. CGNX: 137.13 )
CGNX' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -39.53   Max: 170.63
Current: 137.13

-39.53
170.63
Revenue Growth (3Y)(%) 13.20
CGNX's Revenue Growth (3Y)(%) is ranked higher than
89% of the 2128 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.90 vs. CGNX: 13.20 )
CGNX' s 10-Year Revenue Growth (3Y)(%) Range
Min: -14.9   Max: 19.9
Current: 13.2

-14.9
19.9
EBITDA Growth (3Y)(%) 16.40
CGNX's EBITDA Growth (3Y)(%) is ranked higher than
84% of the 1712 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.30 vs. CGNX: 16.40 )
CGNX' s 10-Year EBITDA Growth (3Y)(%) Range
Min: 0   Max: 36.1
Current: 16.4

0
36.1
EPS Growth (3Y)(%) 18.40
CGNX's EPS Growth (3Y)(%) is ranked higher than
82% of the 1509 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.30 vs. CGNX: 18.40 )
CGNX' s 10-Year EPS Growth (3Y)(%) Range
Min: -37.9   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

Q2 2014

CGNX Guru Trades in Q2 2014

Manning & Napier Advisors, Inc 64,440 sh (New)
Caxton Associates 43,000 sh (New)
Ron Baron 1,750,000 sh (unchged)
Chuck Royce 5,201,204 sh (-0.95%)
Jim Simons 60,328 sh (-63.11%)
» More
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

Jim Simons 140,928 sh (New)
Joel Greenblatt 19,391 sh (New)
Paul Tudor Jones 11,248 sh (New)
Chuck Royce 3,760,704 sh (unchged)
Ron Baron 1,400,000 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)
Paul Tudor Jones Sold Out
Joel Greenblatt Sold Out
Manning & Napier Advisors, Inc 46,860 sh (-4.62%)
Chuck Royce 3,512,604 sh (-6.60%)
» 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. (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) 35.10
CGNX's P/E(ttm) is ranked higher than
63% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 39.10 vs. CGNX: 35.10 )
CGNX' s 10-Year P/E(ttm) Range
Min: 13.71   Max: 250
Current: 35.1

13.71
250
Forward P/E 26.46
CGNX's Forward P/E is ranked higher than
76% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. CGNX: 26.46 )
N/A
PE(NRI) 35.60
CGNX's PE(NRI) is ranked higher than
66% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 40.00 vs. CGNX: 35.60 )
CGNX' s 10-Year PE(NRI) Range
Min: 12.23   Max: 206.25
Current: 35.6

12.23
206.25
P/B 5.60
CGNX's P/B is ranked lower than
64% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.94 vs. CGNX: 5.60 )
CGNX' s 10-Year P/B Range
Min: 1   Max: 5.96
Current: 5.6

1
5.96
P/S 8.48
CGNX's P/S is ranked lower than
77% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.08 vs. CGNX: 8.48 )
CGNX' s 10-Year P/S Range
Min: 1.82   Max: 10.04
Current: 8.48

1.82
10.04
PFCF 37.40
CGNX's PFCF is ranked higher than
69% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 361.80 vs. CGNX: 37.40 )
CGNX' s 10-Year PFCF Range
Min: 8.59   Max: 105.39
Current: 37.4

8.59
105.39
POCF 31.68
CGNX's POCF is ranked higher than
63% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 23.40 vs. CGNX: 31.68 )
CGNX' s 10-Year POCF Range
Min: 7.64   Max: 59.28
Current: 31.68

7.64
59.28
EV-to-EBIT 28.44
CGNX's EV-to-EBIT is ranked higher than
66% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 30.30 vs. CGNX: 28.44 )
CGNX' s 10-Year EV-to-EBIT Range
Min: -59.8   Max: 137.9
Current: 28.44

-59.8
137.9
Shiller P/E 59.40
CGNX's Shiller P/E is ranked higher than
77% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. CGNX: 59.40 )
CGNX' s 10-Year Shiller P/E Range
Min: 14.63   Max: 77.31
Current: 59.4

14.63
77.31
Current Ratio 4.63
CGNX's Current Ratio is ranked higher than
91% of the 2842 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.93 vs. CGNX: 4.63 )
CGNX' s 10-Year Current Ratio Range
Min: 3.28   Max: 11.06
Current: 4.63

3.28
11.06
Quick Ratio 3.91
CGNX's Quick Ratio is ranked higher than
92% of the 2842 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.42 vs. CGNX: 3.91 )
CGNX' s 10-Year Quick Ratio Range
Min: 2.84   Max: 10.52
Current: 3.91

2.84
10.52
Days Inventory 99.53
CGNX's Days Inventory is ranked higher than
54% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 79.32 vs. CGNX: 99.53 )
CGNX' s 10-Year Days Inventory Range
Min: 74   Max: 192.44
Current: 99.53

74
192.44
Days Sales Outstanding 40.36
CGNX's Days Sales Outstanding is ranked higher than
91% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 81.77 vs. CGNX: 40.36 )
CGNX' s 10-Year Days Sales Outstanding Range
Min: 38.23   Max: 77.61
Current: 40.36

38.23
77.61

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 0.10
CGNX's Dividend Yield is ranked lower than
94% of the 1948 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.78 vs. CGNX: 0.10 )
CGNX' s 10-Year Dividend Yield Range
Min: 0.14   Max: 5.39
Current: 0.1

0.14
5.39
Dividend growth (3y) -100.00
CGNX's Dividend growth (3y) is ranked lower than
53% of the 977 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.90 vs. CGNX: -100.00 )
CGNX' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 40.1
Current: -100

0
40.1
Yield on cost (5-Year) 0.10
CGNX's Yield on cost (5-Year) is ranked lower than
93% of the 1993 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.95 vs. CGNX: 0.10 )
CGNX' s 10-Year Yield on cost (5-Year) Range
Min: 0.14   Max: 5.39
Current: 0.1

0.14
5.39
Share Buyback Rate -1.40
CGNX's Share Buyback Rate is ranked higher than
68% of the 1587 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: -1.20 vs. CGNX: -1.40 )
CGNX' s 10-Year Share Buyback Rate Range
Min: 5.3   Max: -3.3
Current: -1.4

Valuation & Return

vs
industry
vs
history
Price/Net Cash 40.10
CGNX's Price/Net Cash is ranked higher than
85% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. CGNX: 40.10 )
CGNX' s 10-Year Price/Net Cash Range
Min: 4.18   Max: 671.17
Current: 40.1

4.18
671.17
Price/Net Current Asset Value 24.80
CGNX's Price/Net Current Asset Value is ranked higher than
69% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. CGNX: 24.80 )
CGNX' s 10-Year Price/Net Current Asset Value Range
Min: 2.6   Max: 22.86
Current: 24.8

2.6
22.86
Price/Tangible Book 6.40
CGNX's Price/Tangible Book is ranked lower than
63% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.30 vs. CGNX: 6.40 )
CGNX' s 10-Year Price/Tangible Book Range
Min: 1.94   Max: 18.68
Current: 6.4

1.94
18.68
Price/DCF (Projected) 2.70
CGNX's Price/DCF (Projected) is ranked higher than
75% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. CGNX: 2.70 )
CGNX' s 10-Year Price/DCF (Projected) Range
Min: 0.68   Max: 4.26
Current: 2.7

0.68
4.26
Price/Median PS Value 1.80
CGNX's Price/Median PS Value is ranked lower than
55% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.30 vs. CGNX: 1.80 )
CGNX' s 10-Year Price/Median PS Value Range
Min: 0.51   Max: 3.04
Current: 1.8

0.51
3.04
Price/Peter Lynch Fair Value 2.40
CGNX's Price/Peter Lynch Fair Value is ranked higher than
93% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.00 vs. CGNX: 2.40 )
CGNX' s 10-Year Price/Peter Lynch Fair Value Range
Min: 0.41   Max: 12.87
Current: 2.4

0.41
12.87
Price/Graham Number 3.10
CGNX's Price/Graham Number is ranked higher than
58% of the 3194 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.22 vs. CGNX: 3.10 )
CGNX' s 10-Year Price/Graham Number Range
Min: 1.18   Max: 4.98
Current: 3.1

1.18
4.98
Earnings Yield (Greenblatt) 3.50
CGNX's Earnings Yield (Greenblatt) is ranked higher than
60% of the 2887 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.50 vs. CGNX: 3.50 )
CGNX' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.7   Max: 13.1
Current: 3.5

0.7
13.1
Forward Rate of Return (Yacktman) 16.60
CGNX's Forward Rate of Return (Yacktman) is ranked higher than
83% of the 1315 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.52 vs. CGNX: 16.60 )
CGNX' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -16.2   Max: 56.3
Current: 16.6

-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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