LOGITECH INTERNATIONAL-REG (LOGI) Stock Fundamental Analysis
NASDAQ:LOGI - Nasdaq - CH0025751329 - Common Stock - Currency: USD
LOGI gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 32 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 valuation in line with the averages, but on the other hand it scores bad on growth.
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.
Of the past 5 years LOGI 4 years were profitable.
LOGI had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
Looking at the Return On Assets, with a value of 17.56%, LOGI belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
LOGI has a Return On Equity of 31.15%. This is amongst the best in the industry. LOGI outperforms 93.75% of its industry peers.
Looking at the Return On Invested Capital, with a value of 24.88%, LOGI belongs to the top of the industry, outperforming 90.63% 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 16.87%.
The 3 year average ROIC (21.62%) for LOGI is below the current ROIC(24.88%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.56% | ||
| ROE | 31.15% | ||
| ROIC | 24.88% |
ROA(3y)14.4%
ROA(5y)17.02%
ROE(3y)23.47%
ROE(5y)28.5%
ROIC(3y)21.62%
ROIC(5y)24.23%
1.3 Margins
LOGI's Profit Margin of 14.38% is amongst the best of the industry. LOGI outperforms 87.50% of its industry peers.
LOGI's Profit Margin has improved in the last couple of years.
The Operating Margin of LOGI (15.03%) is better than 81.25% of its industry peers.
LOGI's Operating Margin has improved in the last couple of years.
With a decent Gross Margin value of 43.10%, LOGI is doing good in 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 | 15.03% | ||
| PM (TTM) | 14.38% | ||
| GM | 43.1% |
OM growth 3Y-14.15%
OM growth 5Y6.91%
PM growth 3Y-7.57%
PM growth 5Y9.04%
GM growth 3Y-2.39%
GM growth 5Y2.15%
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.
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 9.00 indicates that LOGI is not in any danger for bankruptcy at the moment.
LOGI has a better Altman-Z score (9.00) than 93.75% 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 | 9 |
ROIC/WACC5.01
WACC4.97%
2.3 Liquidity
A Current Ratio of 2.14 indicates that LOGI has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.14, LOGI is in the better half of the industry, outperforming 71.88% of the companies in the same industry.
A Quick Ratio of 1.77 indicates that LOGI should not have too much problems paying its short term obligations.
With a decent Quick ratio value of 1.77, LOGI is doing good in the industry, outperforming 78.13% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 13.85% 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 17.67% yearly.
EPS 1Y (TTM)13.85%
EPS 3Y1.56%
EPS 5Y17.67%
EPS Q2Q%-6.06%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.11%
3.2 Future
Based on estimates for the next years, LOGI will show a small growth in Earnings Per Share. The EPS will grow by 4.45% on average per year.
Based on estimates for the next years, LOGI will show a small growth in Revenue. The Revenue will grow by 3.72% on average per year.
EPS Next Y-6.09%
EPS Next 2Y1.82%
EPS Next 3Y-4.51%
EPS Next 5Y4.45%
Revenue Next Year2.16%
Revenue Next 2Y3.79%
Revenue Next 3Y4.18%
Revenue Next 5Y3.72%
3.3 Evolution
The EPS 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
Based on the Price/Earnings ratio of 17.84, the valuation of LOGI can be described as rather expensive.
LOGI's Price/Earnings is on the same level as the industry average.
LOGI is valuated rather cheaply when we compare the Price/Earnings ratio to 25.91, which is the current average of the S&P500 Index.
LOGI is valuated rather expensively with a Price/Forward Earnings ratio of 19.00.
Compared to the rest of the industry, the Price/Forward Earnings ratio of LOGI is on the same level as its industry peers.
LOGI's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 21.85.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.84 | ||
| Fwd PE | 19 |
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.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LOGI indicates a somewhat cheap valuation: LOGI is cheaper than 71.88% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.28 | ||
| EV/EBITDA | 17.19 |
4.3 Compensation for Growth
LOGI has an outstanding profitability rating, which may justify a higher PE ratio.
A cheap valuation may be justified as LOGI's earnings are expected to decrease with -4.51% in the coming years.
PEG (NY)N/A
PEG (5Y)1.01
EPS Next 2Y1.82%
EPS Next 3Y-4.51%
5. Dividend
5.1 Amount
LOGI has a Yearly Dividend Yield of 1.58%.
LOGI's Dividend Yield is a higher than the industry average which is at 2.74.
LOGI's Dividend Yield is slightly below the S&P500 average, which is at 2.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
5.2 History
The dividend of LOGI is nicely growing with an annual growth rate of 11.03%!
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)11.03%
Div Incr Years1
Div Non Decr Years1
5.3 Sustainability
31.73% of the earnings are spent on dividend by LOGI. This is a low number and sustainable payout ratio.
LOGI's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP31.73%
EPS Next 2Y1.82%
EPS Next 3Y-4.51%
86.54
-0.17 (-0.2%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners60.58%
Inst Owner Change-7.65%
Ins Owners0.26%
Ins Owner Change0.08%
Market Cap14.62B
Analysts74.44
Price Target99.1 (14.51%)
Short Float %3.03%
Short Ratio5.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
Yearly Dividend1.16
Dividend Growth(5Y)11.03%
DP31.73%
Div Incr Years1
Div Non Decr Years1
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.95%
Min EPS beat(2)11.08%
Max EPS beat(2)18.82%
EPS beat(4)4
Avg EPS beat(4)29.54%
Min EPS beat(4)11.08%
Max EPS beat(4)50.33%
EPS beat(8)8
Avg EPS beat(8)38.21%
EPS beat(12)10
Avg EPS beat(12)25.41%
EPS beat(16)14
Avg EPS beat(16)28.03%
Revenue beat(2)1
Avg Revenue beat(2)1.98%
Min Revenue beat(2)-1.41%
Max Revenue beat(2)5.37%
Revenue beat(4)3
Avg Revenue beat(4)2.73%
Min Revenue beat(4)-1.41%
Max Revenue beat(4)5.37%
Revenue beat(8)6
Avg Revenue beat(8)2.68%
Revenue beat(12)6
Avg Revenue beat(12)0.03%
Revenue beat(16)10
Avg Revenue beat(16)3.28%
PT rev (1m)-7.07%
PT rev (3m)6.33%
EPS NQ rev (1m)0%
EPS NQ rev (3m)-0.93%
EPS NY rev (1m)0%
EPS NY rev (3m)2.23%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.16%
Revenue NY rev (1m)0.91%
Revenue NY rev (3m)2.23%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 17.84 | ||
| Fwd PE | 19 | ||
| P/S | 3.21 | ||
| P/FCF | 16.28 | ||
| P/OCF | 15.36 | ||
| P/B | 6.95 | ||
| P/tB | 9.07 | ||
| EV/EBITDA | 17.19 |
EPS(TTM)4.85
EY5.6%
EPS(NY)4.55
Fwd EY5.26%
FCF(TTM)5.32
FCFY6.14%
OCF(TTM)5.63
OCFY6.51%
SpS26.96
BVpS12.44
TBVpS9.54
PEG (NY)N/A
PEG (5Y)1.01
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.56% | ||
| ROE | 31.15% | ||
| ROCE | 28.09% | ||
| ROIC | 24.88% | ||
| ROICexc | 64.89% | ||
| ROICexgc | 136.53% | ||
| OM | 15.03% | ||
| PM (TTM) | 14.38% | ||
| GM | 43.1% | ||
| FCFM | 19.72% |
ROA(3y)14.4%
ROA(5y)17.02%
ROE(3y)23.47%
ROE(5y)28.5%
ROIC(3y)21.62%
ROIC(5y)24.23%
ROICexc(3y)46.29%
ROICexc(5y)61.7%
ROICexgc(3y)83.7%
ROICexgc(5y)185.34%
ROCE(3y)24.42%
ROCE(5y)27.36%
ROICexcg growth 3Y-44.14%
ROICexcg growth 5Y0.94%
ROICexc growth 3Y-28.31%
ROICexc growth 5Y8.65%
OM growth 3Y-14.15%
OM growth 5Y6.91%
PM growth 3Y-7.57%
PM growth 5Y9.04%
GM growth 3Y-2.39%
GM growth 5Y2.15%
F-Score8
Asset Turnover1.22
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Debt/EBITDA | 0 | ||
| Cap/Depr | 68.15% | ||
| Cap/Sales | 1.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 124.7% | ||
| Profit Quality | 137.14% | ||
| Current Ratio | 2.14 | ||
| Quick Ratio | 1.77 | ||
| Altman-Z | 9 |
F-Score8
WACC4.97%
ROIC/WACC5.01
Cap/Depr(3y)77.62%
Cap/Depr(5y)75.73%
Cap/Sales(3y)1.65%
Cap/Sales(5y)1.55%
Profit Quality(3y)110.51%
Profit Quality(5y)112.64%
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 3Y-4.51%
EPS Next 5Y4.45%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%-0.11%
Revenue Next Year2.16%
Revenue Next 2Y3.79%
Revenue Next 3Y4.18%
Revenue Next 5Y3.72%
EBIT growth 1Y32.54%
EBIT growth 3Y-19.7%
EBIT growth 5Y16.58%
EBIT Next Year30.52%
EBIT Next 3Y12.09%
EBIT Next 5Y8.57%
FCF growth 1Y178.81%
FCF growth 3Y-7.64%
FCF growth 5Y32.25%
OCF growth 1Y128.43%
OCF growth 3Y-7.75%
OCF growth 5Y30.27%