LOGITECH INTERNATIONAL-REG (LOGI)
CH0025751329 - Common Stock
We assign a fundamental rating of 7 out of 10 to LOGI. LOGI was compared to 32 industry peers in the Technology Hardware, Storage & Peripherals industry. LOGI gets an excellent profitability rating and is at the same time showing great financial health properties. LOGI has a decent growth rate and is not valued too expensively.
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 has a Return On Assets of 18.76%. This is amongst the best in the industry. LOGI outperforms 96.88% of its industry peers.
The Return On Equity of LOGI (30.74%) is better than 93.75% of its industry peers.
LOGI has a better Return On Invested Capital (23.21%) than 90.63% of its industry peers.
LOGI had an Average Return On Invested Capital over the past 3 years of 21.62%. This is above the industry average of 16.81%.
The last Return On Invested Capital (23.21%) for LOGI is above the 3 year average (21.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.76% | ||
| ROE | 30.74% | ||
| ROIC | 23.21% |
ROA(3y)14.4%
ROA(5y)17.02%
ROE(3y)23.47%
ROE(5y)28.5%
ROIC(3y)21.62%
ROIC(5y)24.23%
1.3 Margins
LOGI's Profit Margin of 15.67% is amongst the best of the industry. LOGI outperforms 90.63% of its industry peers.
In the last couple of years the Profit Margin of LOGI has grown nicely.
LOGI's Operating Margin of 15.11% is amongst the best of the industry. LOGI outperforms 87.50% of its industry peers.
In the last couple of years the Operating Margin of LOGI has grown nicely.
The Gross Margin of LOGI (42.35%) is better than 75.00% of its industry peers.
LOGI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.11% | ||
| PM (TTM) | 15.67% | ||
| GM | 42.35% |
OM growth 3Y-14.15%
OM growth 5Y6.91%
PM growth 3Y-7.57%
PM growth 5Y9.04%
GM growth 3Y-2.39%
GM growth 5Y2.15%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), LOGI is creating value.
LOGI has less shares outstanding than it did 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
LOGI has an Altman-Z score of 8.49. This indicates that LOGI is financially healthy and has little risk of bankruptcy at the moment.
LOGI has a better Altman-Z score (8.49) than 93.75% of its industry peers.
LOGI has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 8.49 |
ROIC/WACC4.6
WACC5.05%
2.3 Liquidity
A Current Ratio of 2.39 indicates that LOGI has no problem at all paying its short term obligations.
The Current ratio of LOGI (2.39) is better than 62.50% of its industry peers.
LOGI has a Quick Ratio of 1.99. This is a normal value and indicates that LOGI is financially healthy and should not expect problems in meeting its short term obligations.
LOGI has a Quick ratio of 1.99. This is in the better half of the industry: LOGI outperforms 75.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.39 | ||
| Quick Ratio | 1.99 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 43.49% over the past year.
Measured over the past years, LOGI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 16.33% on average per year.
The Revenue has decreased by -5.30% in the past year.
The Revenue has been growing by 9.04% on average over the past years. This is quite good.
EPS 1Y (TTM)43.49%
EPS 3Y-12.73%
EPS 5Y16.33%
EPS Q2Q%10.09%
Revenue 1Y (TTM)-5.3%
Revenue growth 3Y-6.46%
Revenue growth 5Y9.04%
Sales Q2Q%5.58%
3.2 Future
The Earnings Per Share is expected to grow by 6.14% on average over the next years.
The Revenue is expected to grow by 5.93% on average over the next years.
EPS Next Y5.59%
EPS Next 2Y4.87%
EPS Next 3Y7.22%
EPS Next 5Y6.14%
Revenue Next Year6.04%
Revenue Next 2Y5.55%
Revenue Next 3Y5.51%
Revenue Next 5Y5.93%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 15.89, LOGI is valued correctly.
LOGI's Price/Earnings ratio is a bit cheaper when compared to the industry. LOGI is cheaper than 71.88% of the companies in the same industry.
When comparing the Price/Earnings ratio of LOGI to the average of the S&P500 Index (29.10), we can say LOGI is valued slightly cheaper.
LOGI is valuated correctly with a Price/Forward Earnings ratio of 16.45.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LOGI is on the same level as its industry peers.
The average S&P500 Price/Forward Earnings ratio is at 23.79. LOGI is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.89 | ||
| Fwd PE | 16.45 |
4.2 Price Multiples
LOGI's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. LOGI is cheaper than 65.63% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, LOGI is valued a bit cheaper than the industry average as 78.13% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.09 | ||
| EV/EBITDA | 13.22 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates LOGI does not grow enough to justify the current Price/Earnings ratio.
The excellent profitability rating of LOGI may justify a higher PE ratio.
PEG (NY)2.84
PEG (5Y)0.97
EPS Next 2Y4.87%
EPS Next 3Y7.22%
5. Dividend
5.1 Amount
LOGI has a Yearly Dividend Yield of 1.64%.
LOGI's Dividend Yield is a higher than the industry average which is at 2.86.
LOGI's Dividend Yield is slightly below the S&P500 average, which is at 2.21.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
5.2 History
On average, the dividend of LOGI grows each year by 11.03%, which is quite nice.
LOGI has paid a dividend for at least 10 years, which is a reliable track record.
LOGI has decreased its dividend recently.
Dividend Growth(5Y)11.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LOGI pays out 26.37% 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.
DP26.37%
EPS Next 2Y4.87%
EPS Next 3Y7.22%
LOGITECH INTERNATIONAL-REG
NASDAQ:LOGI (11/13/2024, 8:00:00 PM)
After market: 77.05 -0.03 (-0.03%)77.075
-0.22 (-0.28%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap11.39B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.64% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
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Revenue beat(2)
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Revenue beat(8)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 15.89 | ||
| Fwd PE | 16.45 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)2.84
PEG (5Y)0.97
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 18.76% | ||
| ROE | 30.74% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 15.11% | ||
| PM (TTM) | 15.67% | ||
| GM | 42.35% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover1.2
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.39 | ||
| Quick Ratio | 1.99 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
High Growth Momentum
Growth
EPS 1Y (TTM)43.49%
EPS 3Y-12.73%
EPS 5Y
EPS Q2Q%
EPS Next Y5.59%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-5.3%
Revenue growth 3Y-6.46%
Revenue growth 5Y
Sales Q2Q%
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y