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. LOGI scores excellent points on both the profitability and health parts. This is a solid base for a good stock. LOGI has a correct valuation and a medium growth rate. With these ratings, LOGI could be worth investigating further for quality investing!.
1. Profitability
1.1 Basic Checks
LOGI had positive earnings in the past year.
LOGI had a positive operating cash flow in the past year.
LOGI had positive earnings in each of the past 5 years.
Each year in the past 5 years LOGI had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 17.56%, LOGI belongs to the best of the industry, outperforming 93.55% of the companies in the same industry.
With an excellent Return On Equity value of 31.15%, LOGI belongs to the best of the industry, outperforming 90.32% of the companies in the same industry.
LOGI's Return On Invested Capital of 24.88% is amongst the best of the industry. LOGI outperforms 87.10% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LOGI is above the industry average of 17.13%.
The last Return On Invested Capital (24.88%) for LOGI is above the 3 year average (21.62%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.56% | ||
| ROE | 31.15% | ||
| ROIC | 24.88% |
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 has a Profit Margin of 14.38%. This is amongst the best in the industry. LOGI outperforms 90.32% of its industry peers.
LOGI's Profit Margin has improved in the last couple of years.
With an excellent Operating Margin value of 15.03%, LOGI belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
LOGI's Operating Margin has improved in the last couple of years.
Looking at the Gross Margin, with a value of 43.10%, LOGI is in the better half of the industry, outperforming 74.19% of the companies in the same industry.
In the last couple of years the Gross Margin of LOGI has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.03% | ||
| PM (TTM) | 14.38% | ||
| GM | 43.1% |
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
LOGI has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
Compared to 1 year ago, LOGI has less shares outstanding
The number of shares outstanding for LOGI has been reduced compared to 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 10.04. This indicates that LOGI is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of LOGI (10.04) is better than 93.55% 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 | 10.04 |
ROIC/WACC5.02
WACC4.96%
2.3 Liquidity
LOGI has a Current Ratio of 2.14. This indicates that LOGI is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.14, LOGI is in the better half of the industry, outperforming 64.52% of the companies in the same industry.
A Quick Ratio of 1.77 indicates that LOGI should not have too much problems paying its short term obligations.
LOGI has a Quick ratio of 1.77. This is in the better half of the industry: LOGI outperforms 77.42% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 30.24% over the past year.
The Earnings Per Share has been growing by 16.33% on average over the past years. This is quite good.
The Revenue has been growing slightly by 7.28% in the past year.
LOGI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 9.04% yearly.
EPS 1Y (TTM)30.24%
EPS 3Y-12.73%
EPS 5Y16.33%
EPS Q2Q%3.92%
Revenue 1Y (TTM)7.28%
Revenue growth 3Y-6.46%
Revenue growth 5Y9.04%
Sales Q2Q%6.76%
3.2 Future
LOGI is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.27% yearly.
The Revenue is expected to grow by 4.96% on average over the next years.
EPS Next Y6.66%
EPS Next 2Y5.01%
EPS Next 3Y5.27%
EPS Next 5Y6.27%
Revenue Next Year5.21%
Revenue Next 2Y4.93%
Revenue Next 3Y4.76%
Revenue Next 5Y4.96%
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.
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
The Price/Earnings ratio is 21.03, which indicates a rather expensive current valuation of LOGI.
61.29% of the companies in the same industry are more expensive than LOGI, based on the Price/Earnings ratio.
Compared to an average S&P500 Price/Earnings ratio of 30.30, LOGI is valued a bit cheaper.
The Price/Forward Earnings ratio is 21.98, which indicates a rather expensive current valuation of LOGI.
The rest of the industry has a similar Price/Forward Earnings ratio as LOGI.
When comparing the Price/Forward Earnings ratio of LOGI to the average of the S&P500 Index (23.06), we can say LOGI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.03 | ||
| Fwd PE | 21.98 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LOGI is on the same level as its industry peers.
LOGI's Price/Free Cash Flow ratio is a bit cheaper when compared to the industry. LOGI is cheaper than 74.19% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 19.43 | ||
| EV/EBITDA | 20.89 |
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)3.16
PEG (5Y)1.29
EPS Next 2Y5.01%
EPS Next 3Y5.27%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.25%, LOGI has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.03, LOGI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.29, LOGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.25% |
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.
The dividend of LOGI decreased recently.
Dividend Growth(5Y)11.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LOGI pays out 31.73% of its income as dividend. This is a sustainable payout ratio.
LOGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.73%
EPS Next 2Y5.01%
EPS Next 3Y5.27%
103.27
-0.78 (-0.75%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners58.4%
Inst Owner Change2.5%
Ins Owners0.25%
Ins Owner Change0.31%
Market Cap17.45B
Analysts72.22
Price Target93.2 (-9.75%)
Short Float %2.9%
Short Ratio6.64
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.25% |
Yearly Dividend1.16
Dividend Growth(5Y)11.03%
DP31.73%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.95%
Min EPS beat(2)11.08%
Max EPS beat(2)18.82%
EPS beat(4)4
Avg EPS beat(4)29.54%
Min EPS beat(4)11.08%
Max EPS beat(4)50.33%
EPS beat(8)8
Avg EPS beat(8)38.21%
EPS beat(12)10
Avg EPS beat(12)25.41%
EPS beat(16)14
Avg EPS beat(16)28.03%
Revenue beat(2)1
Avg Revenue beat(2)1.98%
Min Revenue beat(2)-1.41%
Max Revenue beat(2)5.37%
Revenue beat(4)3
Avg Revenue beat(4)2.73%
Min Revenue beat(4)-1.41%
Max Revenue beat(4)5.37%
Revenue beat(8)6
Avg Revenue beat(8)2.68%
Revenue beat(12)6
Avg Revenue beat(12)0.03%
Revenue beat(16)10
Avg Revenue beat(16)3.28%
PT rev (1m)3.48%
PT rev (3m)-6.03%
EPS NQ rev (1m)-4.05%
EPS NQ rev (3m)-6.68%
EPS NY rev (1m)1.01%
EPS NY rev (3m)1.01%
Revenue NQ rev (1m)0.78%
Revenue NQ rev (3m)0.29%
Revenue NY rev (1m)-0.11%
Revenue NY rev (3m)-0.78%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.03 | ||
| Fwd PE | 21.98 | ||
| P/S | 3.83 | ||
| P/FCF | 19.43 | ||
| P/OCF | 18.33 | ||
| P/B | 8.3 | ||
| P/tB | 10.82 | ||
| EV/EBITDA | 20.89 |
EPS(TTM)4.91
EY4.75%
EPS(NY)4.7
Fwd EY4.55%
FCF(TTM)5.32
FCFY5.15%
OCF(TTM)5.63
OCFY5.46%
SpS26.96
BVpS12.44
TBVpS9.54
PEG (NY)3.16
PEG (5Y)1.29
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.56% | ||
| ROE | 31.15% | ||
| ROCE | 28.09% | ||
| ROIC | 24.88% | ||
| ROICexc | 64.89% | ||
| ROICexgc | 136.53% | ||
| OM | 15.03% | ||
| PM (TTM) | 14.38% | ||
| GM | 43.1% | ||
| FCFM | 19.72% |
ROA(3y)14.4%
ROA(5y)17.02%
ROE(3y)23.47%
ROE(5y)28.5%
ROIC(3y)21.62%
ROIC(5y)24.23%
ROICexc(3y)46.29%
ROICexc(5y)61.7%
ROICexgc(3y)83.7%
ROICexgc(5y)185.34%
ROCE(3y)24.42%
ROCE(5y)27.36%
ROICexcg growth 3Y-44.14%
ROICexcg growth 5Y0.94%
ROICexc growth 3Y-28.31%
ROICexc growth 5Y8.65%
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%
F-Score8
Asset Turnover1.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 68.15% | ||
| Cap/Sales | 1.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 124.7% | ||
| Profit Quality | 137.14% | ||
| Current Ratio | 2.14 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 10.04 |
F-Score8
WACC4.96%
ROIC/WACC5.02
Cap/Depr(3y)77.62%
Cap/Depr(5y)75.73%
Cap/Sales(3y)1.65%
Cap/Sales(5y)1.55%
Profit Quality(3y)110.51%
Profit Quality(5y)112.64%
High Growth Momentum
Growth
EPS 1Y (TTM)30.24%
EPS 3Y-12.73%
EPS 5Y16.33%
EPS Q2Q%3.92%
EPS Next Y6.66%
EPS Next 2Y5.01%
EPS Next 3Y5.27%
EPS Next 5Y6.27%
Revenue 1Y (TTM)7.28%
Revenue growth 3Y-6.46%
Revenue growth 5Y9.04%
Sales Q2Q%6.76%
Revenue Next Year5.21%
Revenue Next 2Y4.93%
Revenue Next 3Y4.76%
Revenue Next 5Y4.96%
EBIT growth 1Y32.54%
EBIT growth 3Y-19.7%
EBIT growth 5Y16.58%
EBIT Next Year25%
EBIT Next 3Y13.13%
EBIT Next 5Y8.57%
FCF growth 1Y178.81%
FCF growth 3Y-7.64%
FCF growth 5Y32.25%
OCF growth 1Y128.43%
OCF growth 3Y-7.75%
OCF growth 5Y30.27%