Cognex Corporation (CGNX) vs. Its Rivals Head-To-Head Analysis
Cognex Corporation (NASDAQ: CGNX) is one of 28 publicly-traded companies in the “Testing & Measuring Equipment” industry, but how does it contrast to its rivals? We will compare Cognex Corporation to related companies based on the strength of its institutional ownership, dividends, risk, analyst recommendations, earnings, profitability and valuation.
This table compares Cognex Corporation and its rivals’ net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Cognex Corporation Competitors||-5.63%||0.12%||-1.50%|
This is a breakdown of recent ratings and target prices for Cognex Corporation and its rivals, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Cognex Corporation Competitors||92||486||536||17||2.42|
Cognex Corporation presently has a consensus target price of $77.71, indicating a potential downside of 30.58%. As a group, “Testing & Measuring Equipment” companies have a potential downside of 20.53%. Given Cognex Corporation’s rivals higher possible upside, analysts clearly believe Cognex Corporation has less favorable growth aspects than its rivals.
Volatility & Risk
Cognex Corporation has a beta of 1.4, suggesting that its share price is 40% more volatile than the S&P 500. Comparatively, Cognex Corporation’s rivals have a beta of 0.81, suggesting that their average share price is 19% less volatile than the S&P 500.
Insider & Institutional Ownership
87.3% of Cognex Corporation shares are held by institutional investors. Comparatively, 58.3% of shares of all “Testing & Measuring Equipment” companies are held by institutional investors. 5.6% of Cognex Corporation shares are held by company insiders. Comparatively, 11.2% of shares of all “Testing & Measuring Equipment” companies are held by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a company will outperform the market over the long term.
Cognex Corporation pays an annual dividend of $0.34 per share and has a dividend yield of 0.3%. Cognex Corporation pays out 15.6% of its earnings in the form of a dividend. As a group, “Testing & Measuring Equipment” companies pay a dividend yield of 0.6% and pay out 21.5% of their earnings in the form of a dividend.
Earnings and Valuation
This table compares Cognex Corporation and its rivals top-line revenue, earnings per share and valuation.
|Gross Revenue||EBITDA||Price/Earnings Ratio|
|Cognex Corporation||$585.12 million||$207.39 million||51.35|
|Cognex Corporation Competitors||$499.36 million||$99.00 million||-5.35|
Cognex Corporation has higher revenue and earnings than its rivals. Cognex Corporation is trading at a higher price-to-earnings ratio than its rivals, indicating that it is currently more expensive than other companies in its industry.
Cognex Corporation beats its rivals on 11 of the 15 factors compared.
Cognex Corporation Company Profile
Cognex Corporation (Cognex) is a provider of machine vision products that capture and analyze visual information in order to automate tasks, primarily in manufacturing processes, where vision is required. The Company operates through the machine vision technology segment. The Company’s machine vision products are used to automate the manufacture and tracking of discrete items, such as mobile phones, aspirin bottles and automobile tires, by locating, identifying, inspecting and measuring them during the manufacturing or distribution process. The Company’s products include vision software, vision systems, vision sensors and identification (ID) products. Its products range from vision sensors that are integrated, to personal computer (PC)-based systems for users. Its products also have a range of physical forms, depending upon the user’s need. Cognex sells its products through a direct sales force, as well as through a global network of integration and distribution partners.
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