LOGITECH INTERNATIONAL-REG (1LOGN.MI) Stock Fundamental Analysis
Europe - Euronext Milan - BIT:1LOGN - CH0025751329 - Common Stock
100 EUR
+5 (+5.26%)
1LOGN gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 31 industry peers in the Technology Hardware, Storage & Peripherals industry. Both the health and profitability get an excellent rating, making 1LOGN a very profitable company, without any liquidiy or solvency issues. 1LOGN is quite expensive at the moment. It does show a decent growth rate. These ratings could make 1LOGN a good candidate for quality investing.
1. Profitability
1.1 Basic Checks
- In the past year 1LOGN was profitable.
- In the past year 1LOGN had a positive cash flow from operations.
- 1LOGN had positive earnings in each of the past 5 years.
- Each year in the past 5 years 1LOGN had a positive operating cash flow.
1.2 Ratios
- 1LOGN has a Return On Assets of 17.83%. This is amongst the best in the industry. 1LOGN outperforms 90.00% of its industry peers.
- 1LOGN's Return On Equity of 31.73% is amongst the best of the industry. 1LOGN outperforms 83.33% of its industry peers.
- 1LOGN has a Return On Invested Capital of 21.93%. This is amongst the best in the industry. 1LOGN outperforms 93.33% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for 1LOGN is in line with the industry average of 16.24%.
- The 3 year average ROIC (17.63%) for 1LOGN is below the current ROIC(21.93%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.83% | ||
| ROE | 31.73% | ||
| ROIC | 21.93% |
ROA(3y)15.02%
ROA(5y)16.78%
ROE(3y)24.41%
ROE(5y)28.4%
ROIC(3y)17.63%
ROIC(5y)22.08%
1.3 Margins
- 1LOGN has a Profit Margin of 14.11%. This is in the better half of the industry: 1LOGN outperforms 80.00% of its industry peers.
- 1LOGN's Profit Margin has declined in the last couple of years.
- 1LOGN has a Operating Margin of 15.14%. This is in the better half of the industry: 1LOGN outperforms 80.00% of its industry peers.
- 1LOGN's Operating Margin has improved in the last couple of years.
- The Gross Margin of 1LOGN (42.77%) is better than 63.33% of its industry peers.
- In the last couple of years the Gross Margin of 1LOGN has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.14% | ||
| PM (TTM) | 14.11% | ||
| GM | 42.77% |
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
- 1LOGN 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, 1LOGN has less shares outstanding
- Compared to 5 years ago, 1LOGN has less shares outstanding
- 1LOGN 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
- 1LOGN has an Altman-Z score of 10.45. This indicates that 1LOGN is financially healthy and has little risk of bankruptcy at the moment.
- Looking at the Altman-Z score, with a value of 10.45, 1LOGN belongs to the top of the industry, outperforming 93.33% of the companies in the same industry.
- 1LOGN 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 | 10.45 |
ROIC/WACC4.42
WACC4.96%
2.3 Liquidity
- 1LOGN has a Current Ratio of 2.15. This indicates that 1LOGN is financially healthy and has no problem in meeting its short term obligations.
- With a decent Current ratio value of 2.15, 1LOGN is doing good in the industry, outperforming 70.00% of the companies in the same industry.
- A Quick Ratio of 1.74 indicates that 1LOGN should not have too much problems paying its short term obligations.
- The Quick ratio of 1LOGN (1.74) is better than 83.33% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.15 | ||
| Quick Ratio | 1.74 |
3. Growth
3.1 Past
- 1LOGN shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 7.84%.
- 1LOGN shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 17.67% yearly.
- Looking at the last year, 1LOGN shows a small growth in Revenue. The Revenue has grown by 4.77% in the last year.
- 1LOGN shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.89% yearly.
EPS 1Y (TTM)7.84%
EPS 3Y1.56%
EPS 5Y17.67%
EPS Q2Q%20.83%
Revenue 1Y (TTM)4.77%
Revenue growth 3Y-5.98%
Revenue growth 5Y8.89%
Sales Q2Q%6.27%
3.2 Future
- The Earnings Per Share is expected to grow by 12.84% on average over the next years. This is quite good.
- The Revenue is expected to grow by 6.11% on average over the next years.
EPS Next Y10%
EPS Next 2Y8.51%
EPS Next 3Y8.59%
EPS Next 5Y12.84%
Revenue Next Year5.32%
Revenue Next 2Y5.06%
Revenue Next 3Y5.2%
Revenue Next 5Y6.11%
3.3 Evolution
- Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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
- Based on the Price/Earnings ratio of 22.37, the valuation of 1LOGN can be described as rather expensive.
- Compared to the rest of the industry, the Price/Earnings ratio of 1LOGN is on the same level as its industry peers.
- Compared to an average S&P500 Price/Earnings ratio of 28.87, 1LOGN is valued a bit cheaper.
- A Price/Forward Earnings ratio of 20.51 indicates a rather expensive valuation of 1LOGN.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of 1LOGN is on the same level as its industry peers.
- 1LOGN is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 25.96, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.37 | ||
| Fwd PE | 20.51 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as 1LOGN.
- The rest of the industry has a similar Price/Free Cash Flow ratio as 1LOGN.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 23.7 | ||
| EV/EBITDA | 22.11 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1LOGN does not grow enough to justify the current Price/Earnings ratio.
- The excellent profitability rating of 1LOGN may justify a higher PE ratio.
PEG (NY)2.24
PEG (5Y)1.27
EPS Next 2Y8.51%
EPS Next 3Y8.59%
5. Dividend
5.1 Amount
- 1LOGN has a Yearly Dividend Yield of 1.49%. Purely for dividend investing, there may be better candidates out there.
- 1LOGN's Dividend Yield is a higher than the industry average which is at 0.91.
- 1LOGN's Dividend Yield is comparable with the S&P500 average which is at 1.82.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.49% |
5.2 History
- On average, the dividend of 1LOGN grows each year by 12.99%, which is quite nice.
Dividend Growth(5Y)12.99%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
- 1LOGN pays out 35.26% of its income as dividend. This is a sustainable payout ratio.
- The dividend of 1LOGN is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP35.26%
EPS Next 2Y8.51%
EPS Next 3Y8.59%
LOGITECH INTERNATIONAL-REG / 1LOGN.MI FAQ
What is the ChartMill fundamental rating of LOGITECH INTERNATIONAL-REG (1LOGN.MI) stock?
ChartMill assigns a fundamental rating of 7 / 10 to 1LOGN.MI.
What is the valuation status for 1LOGN stock?
ChartMill assigns a valuation rating of 3 / 10 to LOGITECH INTERNATIONAL-REG (1LOGN.MI). This can be considered as Overvalued.
What is the profitability of 1LOGN stock?
LOGITECH INTERNATIONAL-REG (1LOGN.MI) has a profitability rating of 8 / 10.
What are the PE and PB ratios of LOGITECH INTERNATIONAL-REG (1LOGN.MI) stock?
The Price/Earnings (PE) ratio for LOGITECH INTERNATIONAL-REG (1LOGN.MI) is 22.37 and the Price/Book (PB) ratio is 9.04.
What is the financial health of LOGITECH INTERNATIONAL-REG (1LOGN.MI) stock?
The financial health rating of LOGITECH INTERNATIONAL-REG (1LOGN.MI) is 9 / 10.