LOGITECH INTERNATIONAL-REG (LOGI) Stock Fundamental Analysis
NASDAQ:LOGI - Nasdaq - CH0025751329 - Common Stock - Currency: USD
Taking everything into account, LOGI scores 7 out of 10 in our fundamental rating. LOGI was compared to 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 is not valued too expensively and it also shows a decent growth rate. These ratings could make LOGI a good candidate 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.
In the past 5 years LOGI has always been profitable.
In the past 5 years LOGI always reported a positive cash flow from operatings.
1.2 Ratios
LOGI has a Return On Assets of 17.85%. This is amongst the best in the industry. LOGI outperforms 93.75% of its industry peers.
With an excellent Return On Equity value of 29.69%, LOGI belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 21.54%, LOGI belongs to the top 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 better Profit Margin (13.86%) than 87.50% of its industry peers.
In the last couple of years the Profit Margin of LOGI has declined.
With an excellent Operating Margin value of 14.59%, LOGI belongs to the best of the industry, outperforming 81.25% of the companies in the same industry.
LOGI's Operating Margin has improved in the last couple of years.
The Gross Margin of LOGI (43.09%) is better than 78.13% of its industry peers.
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
The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so LOGI is creating value.
LOGI has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, LOGI has less shares outstanding
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.
2.2 Solvency
An Altman-Z score of 10.61 indicates that LOGI is not in any danger for bankruptcy at the moment.
With an excellent Altman-Z score value of 10.61, LOGI belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
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 | 10.61 |
ROIC/WACC4.4
WACC4.9%
2.3 Liquidity
A Current Ratio of 2.35 indicates that LOGI has no problem at all paying 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 better Quick ratio (1.90) than 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.
Measured over the past years, LOGI shows a quite strong growth in Earnings Per Share. The EPS has been growing by 17.67% on average per year.
Looking at the last year, LOGI shows a small growth in Revenue. The Revenue has grown by 5.97% in the last year.
Measured over the past years, LOGI shows a quite strong growth in Revenue. The Revenue has been growing by 8.89% on average per year.
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.
The Revenue is expected to grow by 4.55% on average over the next years.
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
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
A Price/Earnings ratio of 19.41 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 68.75% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.30, LOGI is valued a bit cheaper.
The Price/Forward Earnings ratio is 20.67, 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.
When comparing the Price/Forward Earnings ratio of LOGI to the average of the S&P500 Index (21.76), we can say LOGI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.41 | ||
| Fwd PE | 20.67 |
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.
Based on the Price/Free Cash Flow ratio, LOGI is valued a bit cheaper than the industry average as 71.88% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 20.23 | ||
| EV/EBITDA | 19.36 |
4.3 Compensation for Growth
The excellent profitability rating of LOGI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.1
EPS Next 2Y1.82%
EPS Next 3Y7.14%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.65%, 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 1.96. LOGI pays more dividend than 81.25% of the companies in the same industry.
LOGI's Dividend Yield is slightly below the S&P500 average, which is at 2.35.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
5.2 History
On average, the dividend of LOGI grows each year by 12.99%, which is quite nice.
LOGI has been paying a dividend for at least 10 years, so it has 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.
LOGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP32.91%
EPS Next 2Y1.82%
EPS Next 3Y7.14%
94.14
-0.81 (-0.85%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners59.57%
Inst Owner Change0%
Ins Owners0.27%
Ins Owner Change0.08%
Market Cap15.91B
Analysts75.56
Price Target99.16 (5.33%)
Short Float %1.96%
Short Ratio4.31
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.65% |
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)0.44%
PT rev (3m)-7.01%
EPS NQ rev (1m)0.85%
EPS NQ rev (3m)-5.82%
EPS NY rev (1m)0%
EPS NY rev (3m)-4.44%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.41%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.41 | ||
| Fwd PE | 20.67 | ||
| P/S | 3.49 | ||
| P/FCF | 20.23 | ||
| P/OCF | 18.88 | ||
| P/B | 7.48 | ||
| P/tB | 9.7 | ||
| EV/EBITDA | 19.36 |
EPS(TTM)4.85
EY5.15%
EPS(NY)4.55
Fwd EY4.84%
FCF(TTM)4.65
FCFY4.94%
OCF(TTM)4.99
OCFY5.3%
SpS26.95
BVpS12.59
TBVpS9.7
PEG (NY)N/A
PEG (5Y)1.1
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 | 10.61 |
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%