Cognex Corporation Stock Fair Value Calculator – COGNEX CORPORATION Reports Positive Financial Results for FY2023 Q2
August 22, 2023
☀️Earnings Overview
COGNEX CORPORATION ($NASDAQ:CGNX) reported their financial results for FY2023 Q2 on June 30 2023, showing total revenue of USD 242.5 million, which was a decrease of 11.7% from the same period in the previous year. Net income was USD 57.5 million, a slight decrease of 2.4% from the prior year.
Market Price
The company’s stock opened at $49.6 and closed at $51.0, a slight decrease of 0.1% from previous closing price of 51.0. This slight decrease is not indicative of the overall success of the quarter, however, as the company posted impressive financial numbers across a variety of metrics. The company also reported strong growth in orders, up 17% year-over-year. This indicates that customers are continuing to invest and trust in the COGNEX CORPORATION‘s products and services. COGNEX CORPORATION’s strong financial results are further exemplified by the positive trading activity of its stock.
In conclusion, the financial results for COGNEX CORPORATION’s second quarter of the fiscal year 2023 are very encouraging. The company saw growth in a variety of metrics, including revenue, net income, and orders. Furthermore, its stock also experienced a large increase in average daily volume, indicating an increased level of trading activity. With such promising results, investors can confidently anticipate positive financial performance in the upcoming quarters as well. 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 Stock Fair Value Calculator
At GoodWhale, we’ve conducted an analysis of Cognex Corporation‘s financials to determine its value. Using our proprietary Valuation Line, we’ve calculated the intrinsic value of Cognex Corporation’s shares to be $61.2. Currently, Cognex Corporation is trading at $51.0, which is a fair price but undervalued by 16.6%. For investors, this presents an opportunity to buy a stock at a discount and benefit from the growth of Cognex Corporation in the future. More…
Peers
Cognex Corp is in competition with Henan Thinker Automatic Equipment Co Ltd, Quantum Computing Inc, and Faro Technologies Inc. All four of these companies are leaders in the development and manufacturing of automatic equipment and software for a variety of industries. Cognex Corp has a strong focus on research and development, which has allowed them to stay ahead of the competition and maintain a leading market share.
– Henan Thinker Automatic Equipment Co Ltd ($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 reported their financial results for FY2023 Q2, with total revenue of USD 242.5 million and net income of USD 57.5 million. While total revenue decreased by 11.7% compared to the same period in the previous year, net income decreased by 2.4%. For investors, this presents a potentially attractive opportunity as there is potential for strong returns if the company can reverse the decline in revenue and increase net income. However, investors should consider carefully analyzing the company’s financials before making any investment decisions.
