LOGITECH INTERNATIONAL-REG (LOGI) Stock Fundamental Analysis
NASDAQ:LOGI - Nasdaq - CH0025751329 - Common Stock - Currency: USD
Overall LOGI gets a fundamental rating of 7 out of 10. We evaluated LOGI against 32 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. With these ratings, LOGI could be worth investigating further for quality investing!.
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.
In the past 5 years LOGI always reported a positive cash flow from operatings.
1.2 Ratios
With an excellent Return On Assets value of 17.85%, LOGI belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
LOGI's Return On Equity of 29.69% is amongst the best of the industry. LOGI outperforms 93.75% of its industry peers.
LOGI has a better Return On Invested Capital (21.54%) than 87.50% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for LOGI is above the industry average of 16.14%.
The last Return On Invested Capital (21.54%) for LOGI is above the 3 year average (18.57%), which is a sign of increasing profitability.
| 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.
LOGI's Operating Margin of 14.59% is amongst the best of the industry. LOGI outperforms 81.25% of its industry peers.
In the last couple of years the Operating Margin of LOGI has grown nicely.
Looking at the Gross Margin, with a value of 43.09%, LOGI is in the better half of the industry, outperforming 78.13% of the companies in the same industry.
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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), LOGI is creating value.
The number of shares outstanding for LOGI has been reduced compared to 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 10.10 indicates that LOGI is not in any danger for bankruptcy at the moment.
LOGI has a Altman-Z score of 10.10. This is amongst the best in the industry. LOGI outperforms 96.88% 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 | 10.1 |
ROIC/WACC4.33
WACC4.97%
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.
LOGI has a Quick Ratio of 1.90. 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 (1.90) 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.
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 5.97% in the last year.
The Revenue has been growing by 8.89% on average over the past years. This is quite good.
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
Based on estimates for the next years, LOGI will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.75% on average per year.
LOGI is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.55% yearly.
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 17.93 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 65.63% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.57, LOGI is valued a bit cheaper.
A Price/Forward Earnings ratio of 19.09 indicates a rather expensive valuation of LOGI.
LOGI's Price/Forward Earnings ratio is in line with the industry average.
LOGI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.93 | ||
| Fwd PE | 19.09 |
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 | 18.68 | ||
| EV/EBITDA | 17.72 |
4.3 Compensation for Growth
LOGI has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y1.82%
EPS Next 3Y7.14%
5. Dividend
5.1 Amount
LOGI has a Yearly Dividend Yield of 1.63%.
LOGI's Dividend Yield is a higher than the industry average which is at 2.03.
Compared to the average S&P500 Dividend Yield of 2.40, LOGI is paying slightly less dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
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.
LOGI has decreased its dividend recently.
Dividend Growth(5Y)12.99%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
32.91% of the earnings are spent on dividend by LOGI. This is a low number and sustainable payout ratio.
The dividend of LOGI is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP32.91%
EPS Next 2Y1.82%
EPS Next 3Y7.14%
86.95
+1.95 (+2.29%)
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-7.81%
Ins Owners0.27%
Ins Owner Change0.08%
Market Cap14.69B
Analysts75.56
Price Target98.73 (13.55%)
Short Float %2.34%
Short Ratio3.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.63% |
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)-0.38%
PT rev (3m)-4.5%
EPS NQ rev (1m)-5.48%
EPS NQ rev (3m)-8.62%
EPS NY rev (1m)0%
EPS NY rev (3m)-5.12%
Revenue NQ rev (1m)0.09%
Revenue NQ rev (3m)1.59%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.93 | ||
| Fwd PE | 19.09 | ||
| P/S | 3.23 | ||
| P/FCF | 18.68 | ||
| P/OCF | 17.44 | ||
| P/B | 6.91 | ||
| P/tB | 8.96 | ||
| EV/EBITDA | 17.72 |
EPS(TTM)4.85
EY5.58%
EPS(NY)4.55
Fwd EY5.24%
FCF(TTM)4.65
FCFY5.35%
OCF(TTM)4.99
OCFY5.73%
SpS26.95
BVpS12.59
TBVpS9.7
PEG (NY)N/A
PEG (5Y)1.01
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 | 10.1 |
F-Score8
WACC4.97%
ROIC/WACC4.33
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%