WallStSmart

Cognex Corporation (CGNX)vsCoherent Inc (COHR)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Coherent Inc generates 554% more annual revenue ($7.12B vs $1.09B). CGNX leads profitability with a 16.1% profit margin vs 11.3%. COHR appears more attractively valued with a PEG of 0.92. COHR earns a higher WallStSmart Score of 62/100 (C+).

CGNX

Buy

60

out of 100

Grade: C+

Growth: 6.7Profit: 7.5Value: 4.7Quality: 9.0
Piotroski: 5/9Altman Z: 3.09

COHR

Buy

62

out of 100

Grade: C+

Growth: 9.3Profit: 5.5Value: 4.0Quality: 7.0
Piotroski: 5/9Altman Z: 1.90
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CGNXUndervalued (+49.3%)

Margin of Safety

+49.3%

Fair Value

$84.85

Current Price

$64.22

$20.63 discount

UndervaluedFair: $84.85Overvalued
COHRSignificantly Overvalued (-86.0%)

Margin of Safety

-86.0%

Fair Value

$164.21

Current Price

$305.37

$141.16 premium

UndervaluedFair: $164.21Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CGNX5 strengths · Avg: 9.2/10
EPS GrowthGrowth
79.2%10/10

Earnings expanding 79.2% YoY

Debt/EquityHealth
0.0410/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.0910/10

Safe zone — low bankruptcy risk

Operating MarginProfitability
29.4%8/10

Strong operational efficiency at 29.4%

Revenue GrowthGrowth
16.9%8/10

16.9% revenue growth

COHR4 strengths · Avg: 9.3/10
Revenue GrowthGrowth
33.7%10/10

Revenue surging 33.7% year-over-year

EPS GrowthGrowth
73.0%10/10

Earnings expanding 73.0% YoY

Market CapQuality
$57.41B9/10

Large-cap with strong market position

PEG RatioValuation
0.928/10

Growing faster than its price suggests

Areas to Watch

CGNX2 concerns · Avg: 2.0/10
PEG RatioValuation
2.712/10

Expensive relative to growth rate

P/E RatioValuation
59.9x2/10

Premium valuation, high expectations priced in

COHR4 concerns · Avg: 2.8/10
Altman Z-ScoreHealth
1.904/10

Grey zone — moderate risk

Return on EquityProfitability
7.4%3/10

ROE of 7.4% — below average capital efficiency

P/E RatioValuation
71.0x2/10

Premium valuation, high expectations priced in

Free Cash FlowQuality
$-493.40M2/10

Negative free cash flow — burning cash

Comparative Analysis Report

WallStSmart Research

Bull Case : CGNX

The strongest argument for CGNX centers on EPS Growth, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 16.1% and operating margin at 29.4%. Revenue growth of 16.9% demonstrates continued momentum.

Bull Case : COHR

The strongest argument for COHR centers on Revenue Growth, EPS Growth, Market Cap. Revenue growth of 33.7% demonstrates continued momentum. PEG of 0.92 suggests the stock is reasonably priced for its growth.

Bear Case : CGNX

The primary concerns for CGNX are PEG Ratio, P/E Ratio. A P/E of 59.9x leaves little room for execution misses.

Bear Case : COHR

The primary concerns for COHR are Altman Z-Score, Return on Equity, P/E Ratio. A P/E of 71.0x leaves little room for execution misses.

Key Dynamics to Monitor

COHR carries more volatility with a beta of 2.10 — expect wider price swings.

COHR is growing revenue faster at 33.7% — sustainability is the question.

CGNX generates stronger free cash flow (68M), providing more financial flexibility.

Monitor SCIENTIFIC & TECHNICAL INSTRUMENTS industry trends, competitive dynamics, and regulatory changes.

Bottom Line

COHR scores higher overall (62/100 vs 60/100) and 33.7% revenue growth. CGNX offers better value entry with a 49.3% margin of safety. Both earn "Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Cognex Corporation

TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS · USA

Cognex Corporation offers machine vision products that capture and analyze visual information to automate manufacturing and distribution tasks globally. The company is headquartered in Natick, Massachusetts.

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Coherent Inc

TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS · USA

Coherent, Inc. provides lasers, laser-based technologies, and laser-based system solutions for a variety of scientific, commercial, and industrial research applications. The company is headquartered in Santa Clara, California.

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