Discounted Cash Flow (DCF) Analysis Levered
Cognex Corporation (CGNX)
$55.345
-0.56 (-0.99%)
All numbers are in Millions, Currency in USD
Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 747.95 | 806.34 | 725.63 | 811.02 | 1,037.10 | 1,134.17 | 1,240.33 | 1,356.43 | 1,483.40 | 1,622.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (%) | ||||||||||
| Operating Cash Flow | 224.32 | 223.45 | 253.22 | 242.40 | 314.06 | 346.54 | 378.98 | 414.45 | 453.24 | 495.67 |
| Operating Cash Flow (%) | ||||||||||
| Capital Expenditure | -28.75 | -37.09 | -21.75 | -13.30 | -15.46 | -33.05 | -36.15 | -39.53 | -43.23 | -47.28 |
| Capital Expenditure (%) | ||||||||||
| Free Cash Flow | 195.57 | 186.36 | 231.48 | 229.10 | 298.61 | 313.49 | 342.83 | 374.92 | 410.01 | 448.39 |
Weighted Average Cost Of Capital
| Share price | $ 55.345 |
|---|---|
| Beta | 1.578 |
| Diluted Shares Outstanding | 179.92 |
| Cost of Debt | |
| Tax Rate | 12.24 |
| After-tax Cost of Debt | -% |
| Risk-Free Rate | |
| Market Risk Premium | |
| Cost of Equity | 11.064 |
| Total Debt | 25.58 |
| Total Equity | 9,957.45 |
| Total Capital | 9,983.03 |
| Debt Weighting | 0.26 |
| Equity Weighting | 99.74 |
| Wacc |
Build Up Free Cash Flow
Year A/P | 2017 Actual | 2018 Actual | 2019 Actual | 2020 Actual | 2021 Actual | 2022 Projected | 2023 Projected | 2024 Projected | 2025 Projected | 2026 Projected |
| Revenue | 747.95 | 806.34 | 725.63 | 811.02 | 1,037.10 | 1,134.17 | 1,240.33 | 1,356.43 | 1,483.40 | 1,622.24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 224.32 | 223.45 | 253.22 | 242.40 | 314.06 | 346.54 | 378.98 | 414.45 | 453.24 | 495.67 |
| Capital Expenditure | -28.75 | -37.09 | -21.75 | -13.30 | -15.46 | -33.05 | -36.15 | -39.53 | -43.23 | -47.28 |
| Free Cash Flow | 195.57 | 186.36 | 231.48 | 229.10 | 298.61 | 313.49 | 342.83 | 374.92 | 410.01 | 448.39 |
| WACC | ||||||||||
| PV LFCF | - | - | - | - | - | |||||
| SUM PV LFCF | - |
Terminal Value
| Growth in perpetuity method: | |
|---|---|
| Long-term growth rate | |
| WACC (%) | - |
| Free cash flow (t + 1) | 457.36 |
| Terminal Value | - |
| Present Value of Terminal Value | - |
Intrinsic Value
| Enterprise Value | - |
|---|---|
| Net Debt | -160.58 |
| Equity Value | - |
| Shares Outstanding | 179.92 |
| Equity Value Per Share | - |