Cognex Corporation (CGNX) vs Sensata Technologies Holding N.V. (ST)

Cognex Corporation and Sensata Technologies Holding N.V. are both Scientific & Technical Instruments companies. Cognex Corporation is the larger, with a market value of $8.0B against $5.6B — 1.4× the size. Sensata Technologies Holding N.V. trades at the lower P/E: 15.6× against 32.8×. Cognex Corporation grew revenue faster over the last twelve months: 15.8% against 4.12%. Cognex Corporation has the higher net margin (21.5% vs 9.53%) and the higher return on invested capital (17.2% vs 7.39%). Both pay a dividend; Sensata Technologies Holding N.V. yields more (1.22% vs 0.72%). Across the 23 metrics below, Cognex Corporation leads on 14 and Sensata Technologies Holding N.V. on 9.

Valuation

Metric CGNX ST Scientific & Technical Instruments median
P/E 32.78 15.58 28.21
P/S 7.08 1.48 4.46
P/B 4.63 1.86 3.10
Price to free cash flow 28.22 8.89 24.15
EV/EBITDA 27.26 9.41 18.28
EV/Sales 6.46 1.97 4.64
Earnings yield 3.05% 6.42% 0.68%
Free cash flow yield 3.54% 11.24% 1.98%

Profitability

Metric CGNX ST Scientific & Technical Instruments median
Gross margin 69.69% 30.83% 47.24%
Operating margin 25.01% 15.14% 8.96%
Net margin 21.50% 9.53% 1.92%
Free cash flow margin 26.01% 16.67% 10.59%
Return on equity 15.07% 12.67% 2.66%
Return on assets 11.31% 5.33% 1.12%
Return on invested capital 17.15% 7.39% 4.79%

Growth

Metric CGNX ST Scientific & Technical Instruments median
Revenue growth (TTM) 15.82% 4.12% 9.26%
EPS growth (last fiscal year) 9.68% (75.29%) 13.24%
Revenue growth, 5-year CAGR 4.16% 3.99% 7.89%
Net income growth, 5-year CAGR (8.27%) (28.22%) 0.00%

Health

Metric CGNX ST Scientific & Technical Instruments median
Debt to equity 0.00 0.79 0.00
Current ratio 5.04 2.39 2.30
Net debt to EBITDA (1.75) 3.14 0.45

Dividend

Metric CGNX ST Scientific & Technical Instruments median
Dividend yield 0.72% 1.22% 0.62%
Payout ratio 0.24 0.19 0.22

Size

Metric CGNX ST Scientific & Technical Instruments median
Market cap 7.99b 5.61b 549.07m

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