Cognex Current Valuation vs. EBITDA
| CGZ Stock | EUR 35.39 1.06 3.09% |
For Cognex profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Cognex to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Cognex utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Cognex's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Cognex over time as well as its relative position and ranking within its peers.
Cognex |
Cognex EBITDA vs. Current Valuation Fundamental Analysis
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. Cognex is the top company in current valuation category among its peers. It also is number one stock in ebitda category among its peers totaling about 0.04 of EBITDA per Current Valuation. The ratio of Current Valuation to EBITDA for Cognex is roughly 26.01 . 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 Current Valuation vs. Competition
Cognex is the top company in current valuation category among its peers. After adjusting for long-term liabilities, total market size of Scientific & Technical Instruments industry is currently estimated at about (652.57 Billion). Cognex adds roughly 7.5 Billion in current valuation claiming only tiny portion of equities listed under Scientific & Technical Instruments industry.
Cognex EBITDA vs. Current Valuation
Enterprise Value is a firm valuation proxy that approximates the current market value of a company. It is typically used to determine the takeover or merger price of a firm. Unlike Market Cap, this measure takes into account the entire liquid asset, outstanding debt, and exotic equity instruments that the company has on its balance sheet. When a takeover occurs, the parent company will have to assume the target company's liabilities but will take possession of all cash and cash equivalents.
Cognex |
| = | 7.5 B |
Enterprise Value can be a useful tool to compare companies with different capital structures. Long term liability and current cash or cash equivalents can have a huge impact on market valuation of a given company.
EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a measure of a company operating cash flow based on data from the company income statement and is a very good way to compare companies within industries or across different sectors. However, unlike Operating Cash Flow, EBITDA does not include the effects of changes in working capital.
Cognex |
| = | 288.29 M |
In a nutshell, EBITDA is calculated by adding back each of the excluded items to the post-tax profit, and can be used to compare companies with very different capital structures.
Cognex EBITDA Comparison
Cognex is currently under evaluation in ebitda category among its peers.
Cognex Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Cognex, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Cognex will eventually generate negative long term returns. The profitability progress is the general direction of Cognex's change in net profit over the period of time. It can combine multiple indicators of Cognex, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide. The company was founded in 1981 and is headquartered in Natick, Massachusetts. COGNEX CORP operates under Scientific Technical Instruments classification in Germany and is traded on Frankfurt Stock Exchange. It employs 2124 people.
Cognex Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Cognex. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Cognex position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Cognex's important profitability drivers and their relationship over time.
Use Cognex in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cognex position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cognex will appreciate offsetting losses from the drop in the long position's value.Cognex Pair Trading
Cognex Pair Trading Analysis
The ability to find closely correlated positions to Cognex could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cognex when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cognex - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cognex to buy it.
The correlation of Cognex is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cognex moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cognex moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cognex can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Cognex position
In addition to having Cognex in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Additional Information and Resources on Investing in Cognex Stock
When determining whether Cognex offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Cognex's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Cognex Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Cognex Stock:Check out Trending Equities. For more detail on how to invest in Cognex Stock please use our How to Invest in Cognex guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
To fully project Cognex's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Cognex at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Cognex's income statement, its balance sheet, and the statement of cash flows.