Based on the key measurements obtained from Cognex's financial statements, Cognex is doing better financially today then in previous quarter. It has a moderate probability of reporting better financial numbers in December. At this time, Cognex's Common Stock Shares Outstanding is fairly stable compared to the past year. Liabilities And Stockholders Equity is likely to rise to about 2.1 B in 2024, whereas Net Debt is likely to drop (130.3 M) in 2024. Key indicators impacting Cognex's financial strength include:
Investors should never underestimate Cognex's ability to pay suppliers on time, ensure interest payments are not accumulating, and correctly time where and how to reinvest extra cash. Individual investors need to monitor Cognex's cash flow, debt, and profitability to make informed and accurate decisions about investing in Cognex.
Net Income
79.93 Million
Cognex
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Understanding current and past Cognex Financials, including the trends in assets, liabilities, equity and income are directly related to making proper and timely investing decisions. All of Cognex's financial statements are interrelated, with each one affecting the others. For example, an increase in Cognex's assets may result in an increase in income on the income statement.
Please note, the imprecision that can be found in Cognex's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Cognex. Check Cognex's Beneish M Score to see the likelihood of Cognex's management manipulating its earnings.
Cognex Stock Summary
Cognex competes with Vontier Corp, Teledyne Technologies, ESCO Technologies, MKS Instruments, and Sensata Technologies. Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate manufacturing and distribution tasks worldwide. Cognex Corporation was incorporated in 1981 and is headquartered in Natick, Massachusetts. Cognex Cp operates under Scientific Technical Instruments classification in the United States and is traded on NASDAQ Exchange. It employs 2257 people.
Specialization
Information Technology, Scientific & Technical Instruments
An income statement is very similar to a cash flow statement, but instead of showing net revenue minus expenses, it only includes earnings before interest and taxes (EBIT). This number does not have all of the same line items that are on a cash flow statement, but it leaves out non-cash expenses like depreciation and amortization. For example, if you bought $100 worth of goods from Walmart (WMT) using your debit card that has an interest rate of 20%, then paid off the balance at the end of the month with a credit card that charges 30% interest, you would have an income statement showing EBIT of $80 because your expenses are lower than the amount that went into your pocket.
Cash flow analysis captures how much money flows into and out of Cognex. It measures of how well Cognex is doing because it can show the actual money that comes into and out of the Company from sales instead of measuring expenses against revenue to determine earnings. You have to read the cash flow statement in three sections. The first section shows how much money Cognex brought in, usually known as net revenue or sales. This is different from earnings because it does not include expenses when determining net revenue for use on this part of the cash flow statement. Next, are operating activities, which show how much money Cognex had leftover after paying for its expenses. This number can be calculated in two ways: by subtracting the total of all operating expenses from net revenue or by adding up changes to cash and other assets or liabilities on this part of the statement. The third section is about investing activities, which shows what Cognex has done with the money that it received from the sale of assets or what it spent to acquire new ones. This section can be broken down into two parts: investing in existing businesses (in other words, buying more stock) and investing in non-business activities like paying off debt or making acquisitions.
Comparative valuation techniques use various fundamental indicators to help in determining Cognex's current stock value. Our valuation model uses many indicators to compare Cognex value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Cognex competition to find correlations between indicators driving Cognex's intrinsic value. More Info.
Cognex is rated second in return on equity category among its peers. It is rated below average in return on asset category among its peers reporting about 0.50 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Cognex is roughly 2.00 . At this time, Cognex's Return On Equity is fairly stable compared to the past year. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Cognex's earnings, one of the primary drivers of an investment's value.
Cognex's Earnings Breakdown by Geography
Cognex Systematic Risk
Cognex's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Cognex volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was fourteen with a total number of output elements of fourty-seven. The Beta measures systematic risk based on how returns on Cognex correlated with the market. If Beta is less than 0 Cognex generally moves in the opposite direction as compared to the market. If Cognex Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Cognex is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Cognex is generally in the same direction as the market. If Beta > 1 Cognex moves generally in the same direction as, but more than the movement of the benchmark.
Cognex Thematic Clasifications
Cognex is part of Robots And Drones investing theme. If you are a theme-oriented, socially responsible, and at the same time, a result-driven investor, you can align your investing habits with your values without jeopardizing your expectations about returns. You can easily create an optimal portfolio of stocks, ETFs, funds, or cryptocurrencies based on a specific theme of your liking. Cross-sector firms and funds that develop or invest in technology that can replicate repetitive human actions. Large technology companies that are involved in development and manufacturing of drones, robots, or robotic equipment across mechanical engineering, electrical engineering, mathematics and computer science fields. Drones and robotics are projected to significantly grow in demand in the next 5 years
This theme covers Cross-sector firms and funds that develop or invest in technology that can replicate repetitive human actions. Large technology companies that are involved in development and manufacturing of drones, robots, or robotic equipment across mechanical engineering, electrical engineering, mathematics and computer science fields. Drones and robotics are projected to significantly grow in demand in the next 5 years. Get More Thematic Ideas
Today, most investors in Cognex Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Cognex's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Cognex growth as a starting point in their analysis.
Along with financial statement analysis, the daily predictive indicators of Cognex help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Cognex. We use our internally-developed statistical techniques to arrive at the intrinsic value of Cognex based on widely used predictive technical indicators. In general, we focus on analyzing Cognex Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Cognex's daily price indicators and compare them against related drivers.
When running Cognex's price analysis, check to measure Cognex's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cognex is operating at the current time. Most of Cognex's value examination focuses on studying past and present price action to predict the probability of Cognex's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cognex's price. Additionally, you may evaluate how the addition of Cognex to your portfolios can decrease your overall portfolio volatility.