Cognex Corporation Intrinsic Value Calculator – COGNEX CORPORATION Reports Q2 FY2023 Earnings Results on August 3 2023
August 22, 2023
🌥️Earnings Overview
On August 3 2023, Cognex Corporation ($NASDAQ:CGNX) announced earnings for the second quarter of FY2023, ending June 30 2023. The company reported total revenue of USD 242.5 million, a drop of 11.7% from the same quarter in FY2022. Net income for the quarter was USD 57.5 million, a decrease of 2.4% compared to the same quarter the previous year.
Market Price
On Thursday, August 3 2023, COGNEX CORPORATION reported financial earnings for the second quarter of their fiscal year 2023. The company’s stock opened at $49.6 and closed at $51.0, slightly lower than the previous close of $51.0. This 0.1% decrease in price suggests investors are indifferent to the results of the quarter. COGNEX CORPORATION is a technology company that specializes in providing machine vision and industrial barcode reading systems. They provide hardware, software, and integrated solutions that enable industrial automation processes.
The financial earnings for the second quarter of fiscal year 2023 are expected to reveal COGNEX CORPORATION’s performance over the past few months, and whether or not they are on track to meet their full year expectations. Investors will be looking for details on the progress of their products, as well as any potential areas of concern in terms of growth or operational efficiency. Overall, the results of the second quarter of COGNEX CORPORATION’s fiscal year 2023 will be an important indicator of the company’s future performance and investors will be closely monitoring the results when they are released on August 3 2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cognex Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 892.69 | 172.38 | 18.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cognex Corporation. More…
| Operations | Investing | Financing |
| 207.18 | -68.56 | -138.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cognex Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2k | 517.65 | 8.59 |
Key Ratios Snapshot
Some of the financial key ratios for Cognex Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.0% | 18.1% | 20.6% |
| FCF Margin | ROE | ROA |
| 21.1% | 7.9% | 5.8% |
Analysis – Cognex Corporation Intrinsic Value Calculator
At GoodWhale, we have analyzed the financials of COGNEX CORPORATION and have determined that its intrinsic value is around $61.2, as calculated by our proprietary Valuation Line. Interestingly, the stock is being traded at the moment at $51.0, making it a fair price that is undervalued by 16.6%. We believe this presents an attractive opportunity for investors, and encourage our readers to consider investing in COGNEX CORPORATION. More…
Peers
Cognex Corp is in competition with Henan Thinker Automatic Equipment Co Ltd, Quantum Computing Inc, and Faro Technologies Inc. All four of these companies are leaders in the development and manufacturing of automatic equipment and software for a variety of industries. Cognex Corp has a strong focus on research and development, which has allowed them to stay ahead of the competition and maintain a leading market share.
– Henan Thinker Automatic Equipment Co Ltd ($SHSE:603508)
Henan Thinker Automatic Equipment Co Ltd is a company that manufactures and sells automatic equipment. The company has a market capitalization of 4.7 billion as of 2022 and a return on equity of 5.64%. The company’s products include automatic machines for various industries such as food and beverage, pharmaceutical, and chemical. The company also provides services such as installation, training, and maintenance.
– Quantum Computing Inc ($NASDAQ:QUBT)
Quantum Computing Inc is a publicly traded company that designs, manufactures, and markets quantum computers. As of 2022, the company has a market capitalization of 69.84 million and a return on equity of -25.37%. The company’s quantum computers are based on the principles of quantum mechanics and are used for various applications such as data security, early detection of disease, and large-scale simulation.
– Faro Technologies Inc ($NASDAQ:FARO)
Faro Technologies Inc is a publicly traded company that provides 3D measurement, imaging, and realization solutions. Its products are used in a variety of industries, including automotive, aerospace, construction, and manufacturing. The company has a market cap of 490.95M as of 2022 and a return on equity of -3.5%.
Summary
Cognex Corporation, a leading provider of vision-based industrial inspection and robotic guidance systems, reported its earnings results for the second quarter of fiscal year 2023. Total revenue for the quarter saw a decrease of 11.7% year-over-year to USD 242.5 million while net income dropped by 2.4% to USD 57.5 million. These results are indicative of the company’s weakened performance due to the global pandemic and may lead to a potential decline in investments in the near future. Investors should keep an eye on Cognex Corporation in order to make informed decisions about their portfolios.
Related Posts
Recent Posts
