LOGITECH INTERNATIONAL-REG (LOGI) Stock Fundamental Analysis
USA - NASDAQ:LOGI - CH0025751329 - Common Stock
111.73 USD
+0.4 (+0.36%)
111.73 USD
0 (0%)
Taking everything into account, LOGI scores 7 out of 10 in our fundamental rating. LOGI was compared to 33 industry peers in the Technology Hardware, Storage & Peripherals industry. LOGI gets an excellent profitability rating and is at the same time showing great financial health properties. LOGI has a correct valuation and a medium growth rate.
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 16.98%. This is amongst the best in the industry. LOGI outperforms 93.94% of its industry peers.
Looking at the Return On Equity, with a value of 29.06%, LOGI belongs to the top of the industry, outperforming 90.91% of the companies in the same industry.
LOGI has a Return On Invested Capital of 21.15%. This is amongst the best in the industry. LOGI outperforms 87.88% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LOGI is above the industry average of 14.98%.
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
Looking at the Profit Margin, with a value of 13.78%, LOGI belongs to the top of the industry, outperforming 84.85% of the companies in the same industry.
In the last couple of years the Profit Margin of LOGI has declined.
LOGI has a better Operating Margin (14.62%) than 81.82% of its industry peers.
LOGI's Operating Margin has improved in the last couple of years.
LOGI's Gross Margin of 42.81% is fine compared to the rest of the industry. LOGI outperforms 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
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
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
LOGI has an Altman-Z score of 10.66. 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 10.66, LOGI belongs to the top of the industry, outperforming 93.94% 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 | 10.66 |
ROIC/WACC4.21
WACC5.02%
2.3 Liquidity
A Current Ratio of 2.27 indicates that LOGI has no problem at all paying its short term obligations.
LOGI's Current ratio of 2.27 is fine compared to the rest of the industry. LOGI outperforms 69.70% of its industry peers.
A Quick Ratio of 1.86 indicates that LOGI should not have too much problems paying its short term obligations.
LOGI has a Quick ratio of 1.86. This is in the better half of the industry: LOGI outperforms 75.76% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.27 | ||
| Quick Ratio | 1.86 |
3. Growth
3.1 Past
The Earnings Per Share has been growing slightly by 5.06% over the past year.
The Earnings Per Share has been growing by 17.67% on average over the past years. This is quite good.
LOGI shows a small growth in Revenue. In the last year, the Revenue has grown by 4.58%.
The Revenue has been growing by 8.89% on average over the past years. This is quite good.
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
The Earnings Per Share is expected to grow by 8.65% on average over the next years. This is quite good.
The Revenue is expected to grow by 5.06% on average over the next years.
EPS Next Y-1.1%
EPS Next 2Y3.96%
EPS Next 3Y9.37%
EPS Next 5Y8.65%
Revenue Next Year4.22%
Revenue Next 2Y4.32%
Revenue Next 3Y4.6%
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
With a Price/Earnings ratio of 22.44, LOGI is valued on the expensive side.
Based on the Price/Earnings ratio, LOGI is valued a bit cheaper than 66.67% of the companies in the same industry.
LOGI is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.38, which is the current average of the S&P500 Index.
LOGI is valuated rather expensively with a Price/Forward Earnings ratio of 21.31.
LOGI's Price/Forward Earnings ratio is in line with the industry average.
When comparing the Price/Forward Earnings ratio of LOGI to the average of the S&P500 Index (22.86), we can say LOGI is valued inline with the index average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 21.31 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LOGI indicates a somewhat cheap valuation: LOGI is cheaper than 63.64% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, LOGI is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 24.48 | ||
| EV/EBITDA | 21.83 |
4.3 Compensation for Growth
The excellent profitability rating of LOGI may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.27
EPS Next 2Y3.96%
EPS Next 3Y9.37%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 1.43%, 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 2.13. LOGI pays more dividend than 81.82% of the companies in the same industry.
LOGI's Dividend Yield is slightly below the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.43% |
5.2 History
On average, the dividend of LOGI grows each year by 12.99%, which is quite nice.
LOGI has paid a dividend for at least 10 years, which is 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 2Y3.96%
EPS Next 3Y9.37%
111.73
+0.4 (+0.36%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners59.57%
Inst Owner Change-3.94%
Ins Owners0.27%
Ins Owner Change0.02%
Market Cap17.96B
Analysts77.65
Price Target112.98 (1.12%)
Short Float %3.85%
Short Ratio8.87
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)4.9%
PT rev (3m)13.94%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-6.47%
EPS NY rev (1m)0%
EPS NY rev (3m)5.31%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.84%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)2.01%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.44 | ||
| Fwd PE | 21.31 | ||
| P/S | 3.89 | ||
| P/FCF | 24.48 | ||
| P/OCF | 22.69 | ||
| P/B | 8.21 | ||
| P/tB | 10.56 | ||
| EV/EBITDA | 21.83 |
EPS(TTM)4.98
EY4.46%
EPS(NY)5.24
Fwd EY4.69%
FCF(TTM)4.56
FCFY4.08%
OCF(TTM)4.92
OCFY4.41%
SpS28.7
BVpS13.6
TBVpS10.58
PEG (NY)N/A
PEG (5Y)1.27
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 | 10.66 |
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 Y-1.1%
EPS Next 2Y3.96%
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 Year4.22%
Revenue Next 2Y4.32%
Revenue Next 3Y4.6%
Revenue Next 5Y5.06%
EBIT growth 1Y1.2%
EBIT growth 3Y-5.36%
EBIT growth 5Y19.03%
EBIT Next Year-0.01%
EBIT Next 3Y5.93%
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%