WallStSmart

Cognex Corporation (CGNX)vsGarmin Ltd (GRMN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Garmin Ltd generates 629% more annual revenue ($7.25B vs $994.36M). GRMN leads profitability with a 23.0% profit margin vs 11.5%. CGNX appears more attractively valued with a PEG of 2.71. GRMN earns a higher WallStSmart Score of 61/100 (C+).

CGNX

Hold

45

out of 100

Grade: D

Growth: 5.3Profit: 5.5Value: 2.0Quality: 9.0
Piotroski: 5/9Altman Z: 3.05

GRMN

Buy

61

out of 100

Grade: C+

Growth: 8.0Profit: 8.5Value: 7.3Quality: 9.0
Piotroski: 5/9Altman Z: 5.27
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CGNXSignificantly Overvalued (-77.7%)

Margin of Safety

-77.7%

Fair Value

$24.21

Current Price

$51.61

$27.40 premium

UndervaluedFair: $24.21Overvalued
GRMNUndervalued (+40.9%)

Margin of Safety

+40.9%

Fair Value

$349.38

Current Price

$244.78

$104.60 discount

UndervaluedFair: $349.38Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CGNX2 strengths · Avg: 10.0/10
Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.0510/10

Safe zone — low bankruptcy risk

GRMN6 strengths · Avg: 8.8/10
Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
5.2710/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
23.0%9/10

Keeps 23 of every $100 in revenue as profit

Operating MarginProfitability
28.9%8/10

Strong operational efficiency at 28.9%

Revenue GrowthGrowth
16.6%8/10

16.6% revenue growth

EPS GrowthGrowth
21.2%8/10

Earnings expanding 21.2% YoY

Areas to Watch

CGNX3 concerns · Avg: 2.3/10
Return on EquityProfitability
7.6%3/10

ROE of 7.6% — below average capital efficiency

PEG RatioValuation
2.712/10

Expensive relative to growth rate

P/E RatioValuation
75.0x2/10

Premium valuation, high expectations priced in

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

Moderate valuation

PEG RatioValuation
3.132/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : CGNX

The strongest argument for CGNX centers on Debt/Equity, Altman Z-Score.

Bull Case : GRMN

The strongest argument for GRMN centers on Debt/Equity, Altman Z-Score, Profit Margin. Profitability is solid with margins at 23.0% and operating margin at 28.9%. Revenue growth of 16.6% demonstrates continued momentum.

Bear Case : CGNX

The primary concerns for CGNX are Return on Equity, PEG Ratio, P/E Ratio. A P/E of 75.0x 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 value stock while GRMN is a growth play — different risk/reward profiles.

CGNX carries more volatility with a beta of 1.47 — expect wider price swings.

GRMN is growing revenue faster at 16.6% — sustainability is the question.

GRMN generates stronger free cash flow (430M), providing more financial flexibility.

Bottom Line

GRMN scores higher overall (61/100 vs 45/100), backed by strong 23.0% margins and 16.6% revenue growth. Both earn "Buy" and "Hold" 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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