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 has outstanding health and profitabily ratings, belonging to the best of the industry. This is a solid base for any company. LOGI has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
LOGI had positive earnings in the past year.
In the past year LOGI had a positive cash flow from operations.
LOGI had positive earnings in each of the past 5 years.
In the past 5 years LOGI always reported a positive cash flow from operatings.
1.2 Ratios
Looking at the Return On Assets, with a value of 13.28%, LOGI belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
LOGI's Return On Equity of 22.19% is amongst the best of the industry. LOGI outperforms 87.50% of its industry peers.
LOGI has a Return On Invested Capital of 16.99%. This is amongst the best in the industry. LOGI outperforms 81.25% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LOGI is significantly above the industry average of 13.98%.
The 3 year average ROIC (25.96%) for LOGI is well above the current ROIC(16.99%). The reason for the recent decline needs to be investigated.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.28% | ||
| ROE | 22.19% | ||
| ROIC | 16.99% |
ROA(3y)16.36%
ROA(5y)16.17%
ROE(3y)28.3%
ROE(5y)27.4%
ROIC(3y)25.96%
ROIC(5y)21.72%
1.3 Margins
LOGI has a Profit Margin of 11.44%. This is amongst the best in the industry. LOGI outperforms 87.50% of its industry peers.
LOGI's Profit Margin has been stable in the last couple of years.
The Operating Margin of LOGI (12.16%) is better than 84.38% of its industry peers.
LOGI's Operating Margin has improved in the last couple of years.
LOGI's Gross Margin of 39.67% is fine compared to the rest of the industry. LOGI outperforms 71.88% of its industry peers.
In the last couple of years the Gross Margin of LOGI has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.16% | ||
| PM (TTM) | 11.44% | ||
| GM | 39.67% |
OM growth 3Y5.16%
OM growth 5Y3.85%
PM growth 3Y-19%
PM growth 5Y-0.23%
GM growth 3Y0.15%
GM growth 5Y1.35%
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.
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 8.73. This indicates that LOGI is financially healthy and has little risk of bankruptcy at the moment.
LOGI has a better Altman-Z score (8.73) than 90.63% 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 | 8.73 |
ROIC/WACC3.22
WACC5.28%
2.3 Liquidity
A Current Ratio of 2.24 indicates that LOGI has no problem at all paying its short term obligations.
LOGI has a Current ratio (2.24) which is in line with its industry peers.
LOGI has a Quick Ratio of 1.87. This is a normal value and indicates that LOGI is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of LOGI (1.87) is better than 71.88% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.24 | ||
| Quick Ratio | 1.87 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 6.80% over the past year.
LOGI shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 14.87% yearly.
The Revenue for LOGI has decreased by -11.68% in the past year. This is quite bad
Measured over the past years, LOGI shows a quite strong growth in Revenue. The Revenue has been growing by 12.07% on average per year.
EPS 1Y (TTM)6.8%
EPS 3Y14.41%
EPS 5Y14.87%
EPS growth Q2Q34.21%
Revenue 1Y (TTM)-11.68%
Revenue growth 3Y15.11%
Revenue growth 5Y12.07%
Revenue growth Q2Q-1.14%
3.2 Future
LOGI is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.92% yearly.
Based on estimates for the next years, LOGI will show a small growth in Revenue. The Revenue will grow by 3.82% on average per year.
EPS Next Y16.8%
EPS Next 2Y10.47%
EPS Next 3Y11.09%
EPS Next 5Y10.92%
Revenue Next Year-5.06%
Revenue Next 2Y-0.97%
Revenue Next 3Y1.08%
Revenue Next 5Y3.82%
3.3 Evolution
The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
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
The Price/Earnings ratio is 22.47, which indicates a rather expensive current valuation of LOGI.
65.63% 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 28.11, LOGI is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 21.55, the valuation of LOGI can be described as rather expensive.
LOGI's Price/Forward Earnings is on the same level as the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 20.39, LOGI is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.47 | ||
| Fwd PE | 21.55 |
4.2 Price Multiples
LOGI's Enterprise Value to EBITDA is on the same level as the industry average.
71.88% of the companies in the same industry are more expensive than LOGI, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 12.36 | ||
| EV/EBITDA | 19.02 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of LOGI may justify a higher PE ratio.
PEG (NY)1.34
PEG (5Y)1.51
EPS Next 2Y10.47%
EPS Next 3Y11.09%
5. Dividend
5.1 Amount
LOGI has a Yearly Dividend Yield of 1.40%. Purely for dividend investing, there may be better candidates out there.
Compared to an average industry Dividend Yield of 2.80, LOGI pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, LOGI's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
5.2 History
On average, the dividend of LOGI grows each year by 8.92%, which is quite nice.
LOGI has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)8.92%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
LOGI pays out 37.51% of its income as dividend. This is a sustainable payout ratio.
LOGI's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP37.51%
EPS Next 2Y10.47%
EPS Next 3Y11.09%
LOGITECH INTERNATIONAL-REG
NASDAQ:LOGI (5/8/2024, 8:52:57 AM)
84.7
+0.35 (+0.41%)
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 Cap13.03B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.4% |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
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EPS beat(16)
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Revenue beat(2)
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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 | 22.47 | ||
| Fwd PE | 21.55 | ||
| 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)1.34
PEG (5Y)1.51
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 13.28% | ||
| ROE | 22.19% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.16% | ||
| PM (TTM) | 11.44% | ||
| GM | 39.67% | ||
| 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 Turnover1.16
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 2.24 | ||
| Quick Ratio | 1.87 | ||
| 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)
Growth
EPS 1Y (TTM)6.8%
EPS 3Y14.41%
EPS 5Y
EPS growth Q2Q
EPS Next Y16.8%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-11.68%
Revenue growth 3Y15.11%
Revenue growth 5Y
Revenue growth 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