Cognex Corporation (CGNX) exhibits 66.9% gross margins and 8.9% return on invested capital within Industrials (Industrial Machinery/Components), balanced against a 58.1x enterprise multiple and 6.5% implied options volatility.
Sustained 66.9% gross profitability converts into 16.3% operating margin and 8.9% ROIC, outpacing sector cost of capital.
ROIC: 8.9% // GM: 66.9%YoY revenue trajectory of +8.7% paired with 2.39% free cash flow yield supports self-funded R&D and capital return.
REV YOY: +8.7% // FCF YLD: 2.39%Altman Z-Score of 12.69 and Piotroski F-Score of 9/9 indicate low near-term refinancing stress.
ALTMAN Z: 12.69 // F-SCORE: 9/9Trading at 86.7x trailing P/E (80.6x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.
P/E: 86.7x // EV/EBITDA: 58.1xOptions market prices a ±6.5% implied move with a 0.73 put/call ratio around $58.00 max pain.
IMPL MOVE: ±6.5% // P/C: 0.73Elevated industry capital intensity and customer concentration in Industrial Machinery/Components require continuous execution to defend 11.5% net margins.
NET MARGIN: 11.5% // D/E: 0.15x| FILER | SIDE | $ VALUE |
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| INSPECT FULL OWNERSHIP LEDGER IN OWN <GO> | ||
| STRIKE / EXP | TYPE | PREMIUM |
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| INSPECT GEX & CHAIN IN OPT <GO> | ||
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