LOGITECH INTERNATIONAL-REG (LOGI) Stock Fundamental Analysis
NASDAQ:LOGI - Nasdaq - CH0025751329 - Common Stock - Currency: USD
Overall LOGI gets a fundamental rating of 7 out of 10. We evaluated LOGI against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making LOGI a very profitable company, without any liquidiy or solvency issues. LOGI is not valued too expensively and it also shows a decent growth rate. This makes LOGI very considerable for quality investing!
1. Profitability
1.1 Basic Checks
In the past year LOGI was profitable.
LOGI had a positive operating cash flow in the past year.
In the past 5 years LOGI has always been profitable.
LOGI had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
LOGI's Return On Assets of 17.85% is amongst the best of the industry. LOGI outperforms 93.75% of its industry peers.
The Return On Equity of LOGI (29.69%) is better than 93.75% of its industry peers.
With an excellent Return On Invested Capital value of 21.54%, LOGI belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
Measured over the past 3 years, the Average Return On Invested Capital for LOGI is above the industry average of 16.14%.
The 3 year average ROIC (18.57%) for LOGI is below the current ROIC(21.54%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.85% | ||
| ROE | 29.69% | ||
| ROIC | 21.54% |
ROA(3y)15.02%
ROA(5y)16.78%
ROE(3y)24.41%
ROE(5y)28.4%
ROIC(3y)18.57%
ROIC(5y)23.26%
1.3 Margins
LOGI has a Profit Margin of 13.86%. This is amongst the best in the industry. LOGI outperforms 87.50% of its industry peers.
LOGI's Profit Margin has declined in the last couple of years.
LOGI's Operating Margin of 14.59% is amongst the best of the industry. LOGI outperforms 81.25% of its industry peers.
LOGI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 43.09%, LOGI is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
LOGI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.59% | ||
| PM (TTM) | 13.86% | ||
| GM | 43.09% |
OM growth 3Y0.66%
OM growth 5Y9.31%
PM growth 3Y5.65%
PM growth 5Y-1.71%
GM growth 3Y1.43%
GM growth 5Y2.7%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), LOGI is creating value.
The number of shares outstanding for LOGI has been reduced compared to 1 year ago.
LOGI has less shares outstanding than it did 5 years ago.
LOGI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
2.2 Solvency
An Altman-Z score of 10.53 indicates that LOGI is not in any danger for bankruptcy at the moment.
LOGI has a better Altman-Z score (10.53) than 96.88% of its industry peers.
There is no outstanding debt for LOGI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 10.53 |
ROIC/WACC4.4
WACC4.9%
2.3 Liquidity
LOGI has a Current Ratio of 2.35. This indicates that LOGI is financially healthy and has no problem in meeting its short term obligations.
LOGI has a Current ratio of 2.35. This is in the better half of the industry: LOGI outperforms 71.88% of its industry peers.
A Quick Ratio of 1.90 indicates that LOGI should not have too much problems paying its short term obligations.
LOGI has a Quick ratio of 1.90. This is in the better half of the industry: LOGI outperforms 78.13% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.9 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.85% over the past year.
The Earnings Per Share has been growing by 17.67% on average over the past years. This is quite good.
The Revenue has been growing slightly by 5.97% in the past year.
The Revenue has been growing by 8.89% on average over the past years. This is quite good.
EPS 1Y (TTM)13.85%
EPS 3Y1.56%
EPS 5Y17.67%
EPS Q2Q%-6.06%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y-5.98%
Revenue growth 5Y8.89%
Sales Q2Q%-0.11%
3.2 Future
The Earnings Per Share is expected to grow by 8.75% on average over the next years. This is quite good.
Based on estimates for the next years, LOGI will show a small growth in Revenue. The Revenue will grow by 4.55% on average per year.
EPS Next Y-6.09%
EPS Next 2Y1.82%
EPS Next 3Y7.14%
EPS Next 5Y8.75%
Revenue Next Year2.16%
Revenue Next 2Y3.79%
Revenue Next 3Y4.02%
Revenue Next 5Y4.55%
3.3 Evolution
The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.11 indicates a rather expensive valuation of LOGI.
LOGI's Price/Earnings ratio is a bit cheaper when compared to the industry. LOGI is cheaper than 65.63% of the companies in the same industry.
When comparing the Price/Earnings ratio of LOGI to the average of the S&P500 Index (27.45), we can say LOGI is valued slightly cheaper.
The Price/Forward Earnings ratio is 20.35, which indicates a rather expensive current valuation of LOGI.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LOGI is on the same level as its industry peers.
LOGI is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 21.90, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.11 | ||
| Fwd PE | 20.35 |
4.2 Price Multiples
The rest of the industry has a similar Enterprise Value to EBITDA ratio as LOGI.
LOGI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LOGI is cheaper than 75.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.92 | ||
| EV/EBITDA | 19.08 |
4.3 Compensation for Growth
The excellent profitability rating of LOGI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.08
EPS Next 2Y1.82%
EPS Next 3Y7.14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.79%, LOGI has a reasonable but not impressive dividend return.
LOGI's Dividend Yield is rather good when compared to the industry average which is at 1.99. LOGI pays more dividend than 81.25% of the companies in the same industry.
Compared to the average S&P500 Dividend Yield of 2.42, LOGI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
5.2 History
On average, the dividend of LOGI grows each year by 12.99%, which is quite nice.
LOGI has paid a dividend for at least 10 years, which is a reliable track record.
The dividend of LOGI decreased recently.
Dividend Growth(5Y)12.99%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LOGI pays out 32.91% of its income as dividend. This is a sustainable payout ratio.
The dividend of LOGI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.91%
EPS Next 2Y1.82%
EPS Next 3Y7.14%
92.69
-0.24 (-0.26%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners59.57%
Inst Owner Change-7.81%
Ins Owners0.27%
Ins Owner Change0.08%
Market Cap15.66B
Analysts75.56
Price Target99.16 (6.98%)
Short Float %1.96%
Short Ratio4.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.79% |
Yearly Dividend1.37
Dividend Growth(5Y)12.99%
DP32.91%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.41%
Min EPS beat(2)5.74%
Max EPS beat(2)11.08%
EPS beat(4)4
Avg EPS beat(4)18.4%
Min EPS beat(4)5.74%
Max EPS beat(4)37.94%
EPS beat(8)8
Avg EPS beat(8)36.33%
EPS beat(12)10
Avg EPS beat(12)24.87%
EPS beat(16)14
Avg EPS beat(16)23.89%
Revenue beat(2)1
Avg Revenue beat(2)1.03%
Min Revenue beat(2)-3.32%
Max Revenue beat(2)5.37%
Revenue beat(4)2
Avg Revenue beat(4)1.1%
Min Revenue beat(4)-3.32%
Max Revenue beat(4)5.37%
Revenue beat(8)5
Avg Revenue beat(8)2.17%
Revenue beat(12)6
Avg Revenue beat(12)-0.11%
Revenue beat(16)9
Avg Revenue beat(16)1.01%
PT rev (1m)0.06%
PT rev (3m)-6.89%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-8.62%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.11 | ||
| Fwd PE | 20.35 | ||
| P/S | 3.44 | ||
| P/FCF | 19.92 | ||
| P/OCF | 18.59 | ||
| P/B | 7.36 | ||
| P/tB | 9.55 | ||
| EV/EBITDA | 19.08 |
EPS(TTM)4.85
EY5.23%
EPS(NY)4.55
Fwd EY4.91%
FCF(TTM)4.65
FCFY5.02%
OCF(TTM)4.99
OCFY5.38%
SpS26.95
BVpS12.59
TBVpS9.7
PEG (NY)N/A
PEG (5Y)1.08
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.85% | ||
| ROE | 29.69% | ||
| ROCE | 27.26% | ||
| ROIC | 21.54% | ||
| ROICexc | 56.19% | ||
| ROICexgc | 117.61% | ||
| OM | 14.59% | ||
| PM (TTM) | 13.86% | ||
| GM | 43.09% | ||
| FCFM | 17.27% |
ROA(3y)15.02%
ROA(5y)16.78%
ROE(3y)24.41%
ROE(5y)28.4%
ROIC(3y)18.57%
ROIC(5y)23.26%
ROICexc(3y)43.96%
ROICexc(5y)61.57%
ROICexgc(3y)86.47%
ROICexgc(5y)178.01%
ROCE(3y)23.51%
ROCE(5y)29.44%
ROICexcg growth 3Y12.69%
ROICexcg growth 5Y16.79%
ROICexc growth 3Y5.26%
ROICexc growth 5Y19.02%
OM growth 3Y0.66%
OM growth 5Y9.31%
PM growth 3Y5.65%
PM growth 5Y-1.71%
GM growth 3Y1.43%
GM growth 5Y2.7%
F-Score8
Asset Turnover1.29
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 70.37% | ||
| Cap/Sales | 1.23% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 113.21% | ||
| Profit Quality | 124.53% | ||
| Current Ratio | 2.35 | ||
| Quick Ratio | 1.9 | ||
| Altman-Z | 10.53 |
F-Score8
WACC4.9%
ROIC/WACC4.4
Cap/Depr(3y)76.01%
Cap/Depr(5y)79.1%
Cap/Sales(3y)1.52%
Cap/Sales(5y)1.53%
Profit Quality(3y)141.2%
Profit Quality(5y)120.4%
High Growth Momentum
Growth
EPS 1Y (TTM)13.85%
EPS 3Y1.56%
EPS 5Y17.67%
EPS Q2Q%-6.06%
EPS Next Y-6.09%
EPS Next 2Y1.82%
EPS Next 3Y7.14%
EPS Next 5Y8.75%
Revenue 1Y (TTM)5.97%
Revenue growth 3Y-5.98%
Revenue growth 5Y8.89%
Sales Q2Q%-0.11%
Revenue Next Year2.16%
Revenue Next 2Y3.79%
Revenue Next 3Y4.02%
Revenue Next 5Y4.55%
EBIT growth 1Y11.73%
EBIT growth 3Y-5.36%
EBIT growth 5Y19.03%
EBIT Next Year-0.01%
EBIT Next 3Y7.05%
EBIT Next 5Y5.62%
FCF growth 1Y-27.8%
FCF growth 3Y55.5%
FCF growth 5Y15.33%
OCF growth 1Y-26.42%
OCF growth 3Y41.35%
OCF growth 5Y14.67%