WallStSmart

Cognex Corporation (CGNX)vsGarmin Ltd (GRMN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Garmin Ltd generates 604% more annual revenue ($7.67B vs $1.09B). GRMN leads profitability with a 24.5% profit margin vs 16.1%. CGNX appears more attractively valued with a PEG of 2.71. GRMN earns a higher WallStSmart Score of 69/100 (B-).

CGNX

Buy

60

out of 100

Grade: C+

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

GRMN

Strong Buy

69

out of 100

Grade: B-

Growth: 8.0Profit: 8.5Value: 3.3Quality: 9.0
Piotroski: 5/9Altman Z: 5.31
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
GRMNSignificantly Overvalued (-44.9%)

Margin of Safety

-44.9%

Fair Value

$142.53

Current Price

$282.67

$140.14 premium

UndervaluedFair: $142.53Overvalued

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

GRMN6 strengths · Avg: 9.5/10
Operating MarginProfitability
30.4%10/10

Strong operational efficiency at 30.4%

Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
5.3110/10

Safe zone — low bankruptcy risk

Market CapQuality
$54.51B9/10

Large-cap with strong market position

Return on EquityProfitability
20.8%9/10

Every $100 of equity generates 21 in profit

Profit MarginProfitability
24.5%9/10

Keeps 25 of every $100 in revenue as profit

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

GRMN2 concerns · Avg: 3.0/10
P/E RatioValuation
28.1x4/10

Moderate valuation

PEG RatioValuation
2.892/10

Expensive relative to growth rate

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 : GRMN

The strongest argument for GRMN centers on Operating Margin, Debt/Equity, Altman Z-Score. Profitability is solid with margins at 24.5% and operating margin at 30.4%. Revenue growth of 11.4% demonstrates continued momentum.

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 : GRMN

The primary concerns for GRMN are P/E Ratio, PEG Ratio.

Key Dynamics to Monitor

CGNX profiles as a growth stock while GRMN is a mature play — different risk/reward profiles.

CGNX carries more volatility with a beta of 1.49 — expect wider price swings.

CGNX is growing revenue faster at 16.9% — sustainability is the question.

GRMN generates stronger free cash flow (210M), providing more financial flexibility.

Bottom Line

GRMN scores higher overall (69/100 vs 60/100), backed by strong 24.5% margins and 11.4% revenue growth. CGNX offers better value entry with a 49.3% margin of safety. Both earn "Strong 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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Garmin Ltd

TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS · USA

Garmin Ltd. is an American multinational technology company with headquarters in Olathe, Kansas.

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