WallStSmart

Cognex Corporation (CGNX)vsGarmin Ltd (GRMN)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Garmin Ltd generates 613% more annual revenue ($7.46B vs $1.05B). GRMN leads profitability with a 23.3% profit margin vs 13.6%. CGNX appears more attractively valued with a PEG of 2.71. GRMN earns a higher WallStSmart Score of 64/100 (C+).

CGNX

Buy

58

out of 100

Grade: C

Growth: 6.7Profit: 6.5Value: 4.7Quality: 9.0
Piotroski: 5/9Altman Z: 3.05

GRMN

Buy

64

out of 100

Grade: C+

Growth: 7.3Profit: 8.0Value: 3.3Quality: 9.0
Piotroski: 5/9Altman Z: 5.27
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

CGNXUndervalued (+48.5%)

Margin of Safety

+48.5%

Fair Value

$83.47

Current Price

$60.82

$22.65 discount

UndervaluedFair: $83.47Overvalued
GRMNSignificantly Overvalued (-52.1%)

Margin of Safety

-52.1%

Fair Value

$135.80

Current Price

$236.57

$100.77 premium

UndervaluedFair: $135.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

CGNX5 strengths · Avg: 9.2/10
EPS GrowthGrowth
122.3%10/10

Earnings expanding 122.3% YoY

Debt/EquityHealth
0.0510/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
3.0510/10

Safe zone — low bankruptcy risk

Operating MarginProfitability
22.3%8/10

Strong operational efficiency at 22.3%

Revenue GrowthGrowth
24.3%8/10

Revenue surging 24.3% year-over-year

GRMN5 strengths · Avg: 9.0/10
Debt/EquityHealth
0.0210/10

Conservative balance sheet, low leverage

Altman Z-ScoreHealth
5.2710/10

Safe zone — low bankruptcy risk

Profit MarginProfitability
23.3%9/10

Keeps 23 of every $100 in revenue as profit

Operating MarginProfitability
24.6%8/10

Strong operational efficiency at 24.6%

EPS GrowthGrowth
21.5%8/10

Earnings expanding 21.5% YoY

Areas to Watch

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

Expensive relative to growth rate

P/E RatioValuation
74.8x2/10

Premium valuation, high expectations priced in

GRMN2 concerns · Avg: 3.0/10
P/E RatioValuation
26.9x4/10

Moderate valuation

PEG RatioValuation
3.252/10

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. Revenue growth of 24.3% demonstrates continued momentum.

Bull Case : GRMN

The strongest argument for GRMN centers on Debt/Equity, Altman Z-Score, Profit Margin. Profitability is solid with margins at 23.3% and operating margin at 24.6%. Revenue growth of 14.2% demonstrates continued momentum.

Bear Case : CGNX

The primary concerns for CGNX are PEG Ratio, P/E Ratio. A P/E of 74.8x 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 1.51 — expect wider price swings.

CGNX is growing revenue faster at 24.3% — sustainability is the question.

GRMN generates stronger free cash flow (469M), providing more financial flexibility.

Bottom Line

GRMN scores higher overall (64/100 vs 58/100), backed by strong 23.3% margins and 14.2% revenue growth. CGNX offers better value entry with a 48.5% 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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Garmin Ltd

TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS · USA

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

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