LOGITECH INTERNATIONAL-REG (LOGI) Stock Fundamental Analysis
USA - NASDAQ:LOGI - CH0025751329 - Common Stock
104.94 USD
+0.67 (+0.64%)
104.94 USD
0 (0%)
We assign a fundamental rating of 7 out of 10 to LOGI. LOGI was compared to 33 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 has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year LOGI was profitable.
In the past year LOGI had a positive cash flow from operations.
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
The Return On Assets of LOGI (16.98%) is better than 93.94% of its industry peers.
LOGI has a better Return On Equity (29.06%) than 90.91% of its industry peers.
LOGI has a better Return On Invested Capital (21.15%) than 87.88% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LOGI is above the industry average of 14.92%.
The 3 year average ROIC (18.57%) for LOGI is below the current ROIC(21.15%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.98% | ||
| ROE | 29.06% | ||
| ROIC | 21.15% |
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 13.78%. This is amongst the best in the industry. LOGI outperforms 84.85% of its industry peers.
In the last couple of years the Profit Margin of LOGI has declined.
Looking at the Operating Margin, with a value of 14.62%, LOGI belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
In the last couple of years the Operating Margin of LOGI has grown nicely.
The Gross Margin of LOGI (42.81%) is better than 78.79% of its industry peers.
LOGI's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 14.62% | ||
| PM (TTM) | 13.78% | ||
| GM | 42.81% |
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.
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 10.20. This indicates that LOGI is financially healthy and has little risk of bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 10.20, LOGI belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
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 | 10.2 |
ROIC/WACC4.21
WACC5.02%
2.3 Liquidity
LOGI has a Current Ratio of 2.27. This indicates that LOGI is financially healthy and has no problem in meeting its short term obligations.
LOGI has a better Current ratio (2.27) than 72.73% of its industry peers.
LOGI has a Quick Ratio of 1.86. 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 better Quick ratio (1.86) than 78.79% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.27 | ||
| Quick Ratio | 1.86 |
3. Growth
3.1 Past
LOGI shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.06%.
The Earnings Per Share has been growing by 17.67% on average over the past years. This is quite good.
Looking at the last year, LOGI shows a small growth in Revenue. The Revenue has grown by 4.58% in the last year.
LOGI shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.89% yearly.
EPS 1Y (TTM)5.06%
EPS 3Y1.56%
EPS 5Y17.67%
EPS Q2Q%11.5%
Revenue 1Y (TTM)4.58%
Revenue growth 3Y-5.98%
Revenue growth 5Y8.89%
Sales Q2Q%5.47%
3.2 Future
Based on estimates for the next years, LOGI will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.65% on average per year.
LOGI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 5.06% yearly.
EPS Next Y0.45%
EPS Next 2Y4.55%
EPS Next 3Y9.37%
EPS Next 5Y8.65%
Revenue Next Year4.35%
Revenue Next 2Y4.58%
Revenue Next 3Y4.58%
Revenue Next 5Y5.06%
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
The Price/Earnings ratio is 21.07, which indicates a rather expensive current valuation of LOGI.
Based on the Price/Earnings ratio, LOGI is valued a bit cheaper than 69.70% of the companies in the same industry.
LOGI is valuated rather cheaply when we compare the Price/Earnings ratio to 27.50, which is the current average of the S&P500 Index.
LOGI is valuated rather expensively with a Price/Forward Earnings ratio of 19.79.
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 22.99, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.07 | ||
| Fwd PE | 19.79 |
4.2 Price Multiples
66.67% of the companies in the same industry are more expensive than LOGI, based on the Enterprise Value to EBITDA ratio.
Based on the Price/Free Cash Flow ratio, LOGI is valued a bit cheaper than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 22.99 | ||
| EV/EBITDA | 20.24 |
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.
LOGI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)46.76
PEG (5Y)1.19
EPS Next 2Y4.55%
EPS Next 3Y9.37%
5. Dividend
5.1 Amount
LOGI has a Yearly Dividend Yield of 1.43%.
Compared to an average industry Dividend Yield of 2.15, LOGI pays a better dividend. On top of this LOGI pays more dividend than 84.85% of the companies listed in the same industry.
With a Dividend Yield of 1.43, LOGI pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
5.2 History
The dividend of LOGI is nicely growing with an annual growth rate of 12.99%!
LOGI has been paying a dividend for at least 10 years, so it has a reliable track record.
LOGI has decreased its dividend recently.
Dividend Growth(5Y)12.99%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
LOGI pays out 32.70% 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.
DP32.7%
EPS Next 2Y4.55%
EPS Next 3Y9.37%
104.94
+0.67 (+0.64%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners60.88%
Inst Owner Change-2.47%
Ins Owners0.17%
Ins Owner Change0.02%
Market Cap16.87B
Analysts77.65
Price Target114.24 (8.86%)
Short Float %3.57%
Short Ratio8.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
Yearly Dividend1.37
Dividend Growth(5Y)12.99%
DP32.7%
Div Incr Years1
Div Non Decr Years1
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)16.1%
Min EPS beat(2)5.74%
Max EPS beat(2)26.46%
EPS beat(4)4
Avg EPS beat(4)15.53%
Min EPS beat(4)5.74%
Max EPS beat(4)26.46%
EPS beat(8)8
Avg EPS beat(8)34.46%
EPS beat(12)11
Avg EPS beat(12)28.26%
EPS beat(16)14
Avg EPS beat(16)23.2%
Revenue beat(2)1
Avg Revenue beat(2)-1.41%
Min Revenue beat(2)-3.32%
Max Revenue beat(2)0.5%
Revenue beat(4)2
Avg Revenue beat(4)0.29%
Min Revenue beat(4)-3.32%
Max Revenue beat(4)5.37%
Revenue beat(8)5
Avg Revenue beat(8)1.78%
Revenue beat(12)7
Avg Revenue beat(12)0.52%
Revenue beat(16)9
Avg Revenue beat(16)0.66%
PT rev (1m)4.23%
PT rev (3m)15.21%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.76%
EPS NY rev (1m)1.57%
EPS NY rev (3m)6.96%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.27%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)2.14%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.07 | ||
| Fwd PE | 19.79 | ||
| P/S | 3.66 | ||
| P/FCF | 22.99 | ||
| P/OCF | 21.31 | ||
| P/B | 7.71 | ||
| P/tB | 9.92 | ||
| EV/EBITDA | 20.24 |
EPS(TTM)4.98
EY4.75%
EPS(NY)5.3
Fwd EY5.05%
FCF(TTM)4.56
FCFY4.35%
OCF(TTM)4.92
OCFY4.69%
SpS28.7
BVpS13.6
TBVpS10.58
PEG (NY)46.76
PEG (5Y)1.19
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 16.98% | ||
| ROE | 29.06% | ||
| ROCE | 26.77% | ||
| ROIC | 21.15% | ||
| ROICexc | 51.63% | ||
| ROICexgc | 97.57% | ||
| OM | 14.62% | ||
| PM (TTM) | 13.78% | ||
| GM | 42.81% | ||
| FCFM | 15.9% |
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-Score7
Asset Turnover1.23
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 72.24% | ||
| Cap/Sales | 1.25% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 104.88% | ||
| Profit Quality | 115.42% | ||
| Current Ratio | 2.27 | ||
| Quick Ratio | 1.86 | ||
| Altman-Z | 10.2 |
F-Score7
WACC5.02%
ROIC/WACC4.21
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)5.06%
EPS 3Y1.56%
EPS 5Y17.67%
EPS Q2Q%11.5%
EPS Next Y0.45%
EPS Next 2Y4.55%
EPS Next 3Y9.37%
EPS Next 5Y8.65%
Revenue 1Y (TTM)4.58%
Revenue growth 3Y-5.98%
Revenue growth 5Y8.89%
Sales Q2Q%5.47%
Revenue Next Year4.35%
Revenue Next 2Y4.58%
Revenue Next 3Y4.58%
Revenue Next 5Y5.06%
EBIT growth 1Y1.2%
EBIT growth 3Y-5.36%
EBIT growth 5Y19.03%
EBIT Next Year8.77%
EBIT Next 3Y6.45%
EBIT Next 5Y5.04%
FCF growth 1Y1.85%
FCF growth 3Y55.5%
FCF growth 5Y15.33%
OCF growth 1Y-2.21%
OCF growth 3Y41.35%
OCF growth 5Y14.67%