Cognex Corporation Stock Intrinsic Value – Cognex Corporation Reports 11.7% Decrease in Revenue for Q2 of Fiscal Year 2023
August 29, 2023
🌥️Earnings Overview
COGNEX CORPORATION ($NASDAQ:CGNX) revealed their financial results for the second quarter of their fiscal year 2023, as of June 30 2023, with total revenue of USD 242.5 million, down 11.7% from the same quarter of the previous year. Net income was reported at USD 57.5 million, representing a decrease of 2.4% compared to the same quarter a year ago.
Analysis – Cognex Corporation Stock Intrinsic Value
GoodWhale conducted an in-depth analysis of COGNEX CORPORATION‘s wellbeing. According to our proprietary Valuation Line, the intrinsic value of COGNEX CORPORATION share is estimated to be around $61.0. This is significantly higher than the current price of $51.0, suggesting that the stock is currently undervalued by 16.3%. This implies that investors have the potential to make a decent return if they are able to buy COGNEX CORPORATION stock at the current price before the market realises the fair value of the stock. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cognex Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 892.69 | 172.38 | 18.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cognex Corporation. More…
| Operations | Investing | Financing |
| 207.18 | -68.56 | -138.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cognex Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2k | 517.65 | 8.59 |
Key Ratios Snapshot
Some of the financial key ratios for Cognex Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 9.0% | 18.1% | 20.6% |
| FCF Margin | ROE | ROA |
| 21.1% | 7.9% | 5.8% |
Peers
Cognex Corp is in competition with Henan Thinker Automatic Equipment Co Ltd, Quantum Computing Inc, and Faro Technologies Inc. All four of these companies are leaders in the development and manufacturing of automatic equipment and software for a variety of industries. Cognex Corp has a strong focus on research and development, which has allowed them to stay ahead of the competition and maintain a leading market share.
– Henan Thinker Automatic Equipment Co Ltd ($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‘s second quarter of fiscal year 2023 has seen a decrease in total revenue of 11.7%, down from the same quarter in the prior year. Net income has also seen a 2.4% decline, reaching USD 57.5 million. Investors should take these numbers into consideration when deciding whether to invest in COGNEX Corporation, as well as monitoring future performance to properly assess the company’s potential. It is important to keep an eye out for any signs of recovery, and to be mindful of any further declines in revenue and income.
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