LOGITECH INTERNATIONAL-REG (LTEC.DE) Stock Fundamental Analysis
FRA:LTEC - Deutsche Boerse Ag - CH0025751329 - Common Stock - Currency: EUR
We assign a fundamental rating of 6 out of 10 to LTEC. LTEC was compared to 30 industry peers in the Technology Hardware, Storage & Peripherals industry. LTEC gets an excellent profitability rating and is at the same time showing great financial health properties. LTEC has a valuation in line with the averages, but on the other hand it scores bad on growth.
1. Profitability
1.1 Basic Checks
LTEC had positive earnings in the past year.
In the past year LTEC had a positive cash flow from operations.
Of the past 5 years LTEC 4 years were profitable.
Of the past 5 years LTEC 4 years had a positive operating cash flow.
1.2 Ratios
The Return On Assets of LTEC (17.56%) is better than 93.33% of its industry peers.
LTEC has a Return On Equity of 31.15%. This is amongst the best in the industry. LTEC outperforms 93.33% of its industry peers.
The Return On Invested Capital of LTEC (19.78%) is better than 86.67% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LTEC is in line with the industry average of 16.71%.
The 3 year average ROIC (17.19%) for LTEC is below the current ROIC(19.78%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.56% | ||
| ROE | 31.15% | ||
| ROIC | 19.78% |
ROA(3y)14.4%
ROA(5y)17.02%
ROE(3y)23.47%
ROE(5y)28.5%
ROIC(3y)17.19%
ROIC(5y)19.26%
1.3 Margins
The Profit Margin of LTEC (14.38%) is better than 90.00% of its industry peers.
LTEC's Profit Margin has improved in the last couple of years.
LTEC's Operating Margin of 15.03% is amongst the best of the industry. LTEC outperforms 90.00% of its industry peers.
LTEC's Operating Margin has improved in the last couple of years.
LTEC has a better Gross Margin (43.10%) than 76.67% of its industry peers.
In the last couple of years the Gross Margin of LTEC has grown nicely.
| 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
With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), LTEC is creating value.
There is no outstanding debt for LTEC. 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
LTEC has an Altman-Z score of 9.07. This indicates that LTEC is financially healthy and has little risk of bankruptcy at the moment.
LTEC has a Altman-Z score of 9.07. This is amongst the best in the industry. LTEC outperforms 90.00% of its industry peers.
There is no outstanding debt for LTEC. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0 | ||
| Debt/FCF | 0 | ||
| Altman-Z | 9.07 |
ROIC/WACC3.98
WACC4.97%
2.3 Liquidity
LTEC has a Current Ratio of 2.14. This indicates that LTEC is financially healthy and has no problem in meeting its short term obligations.
With a decent Current ratio value of 2.14, LTEC is doing good in the industry, outperforming 70.00% of the companies in the same industry.
LTEC has a Quick Ratio of 1.77. This is a normal value and indicates that LTEC is financially healthy and should not expect problems in meeting its short term obligations.
LTEC has a Quick ratio of 1.77. This is amongst the best in the industry. LTEC outperforms 86.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 1.77 |
3. Growth
3.1 Past
LTEC shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 13.85%, which is quite good.
LTEC 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
LTEC is expected to show a decrease in Earnings Per Share. In the coming years, the EPS will decrease by -4.51% yearly.
The Revenue is expected to grow by 3.72% on average over the next years.
EPS Next Y-6.09%
EPS Next 2Y1.82%
EPS Next 3Y-4.51%
EPS Next 5YN/A
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 18.06, the valuation of LTEC can be described as rather expensive.
LTEC's Price/Earnings ratio is a bit cheaper when compared to the industry. LTEC is cheaper than 66.67% of the companies in the same industry.
When comparing the Price/Earnings ratio of LTEC to the average of the S&P500 Index (25.82), we can say LTEC is valued slightly cheaper.
Based on the Price/Forward Earnings ratio of 19.23, the valuation of LTEC can be described as rather expensive.
The rest of the industry has a similar Price/Forward Earnings ratio as LTEC.
The average S&P500 Price/Forward Earnings ratio is at 21.76. LTEC is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.06 | ||
| Fwd PE | 19.23 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of LTEC is on the same level as its industry peers.
63.33% of the companies in the same industry are more expensive than LTEC, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 16.48 | ||
| EV/EBITDA | 17.42 |
4.3 Compensation for Growth
LTEC has an outstanding profitability rating, which may justify a higher PE ratio.
LTEC's earnings are expected to decrease with -4.51% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)1.02
EPS Next 2Y1.82%
EPS Next 3Y-4.51%
5. Dividend
5.1 Amount
LTEC has a Yearly Dividend Yield of 1.58%.
Compared to an average industry Dividend Yield of 2.43, LTEC pays a bit more dividend than its industry peers.
LTEC'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 LTEC is nicely growing with an annual growth rate of 11.03%!
Dividend Growth(5Y)11.03%
Div Incr YearsN/A
Div Non Decr YearsN/A
5.3 Sustainability
31.73% of the earnings are spent on dividend by LTEC. This is a low number and sustainable payout ratio.
DP31.73%
EPS Next 2Y1.82%
EPS Next 3Y-4.51%
FRA:LTEC (5/21/2025, 7:00:00 PM)
77.46
+0.8 (+1.04%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)
Earnings (Next)
Inst Owners60.58%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap13.09B
Analysts74.44
Price Target87.61 (13.1%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 1.58% |
Yearly Dividend1.04
Dividend Growth(5Y)11.03%
DP31.73%
Div Incr YearsN/A
Div Non Decr YearsN/A
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)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 18.06 | ||
| Fwd PE | 19.23 | ||
| P/S | 3.25 | ||
| P/FCF | 16.48 | ||
| P/OCF | 15.55 | ||
| P/B | 7.04 | ||
| P/tB | 9.18 | ||
| EV/EBITDA | 17.42 |
EPS(TTM)4.29
EY5.54%
EPS(NY)4.03
Fwd EY5.2%
FCF(TTM)4.7
FCFY6.07%
OCF(TTM)4.98
OCFY6.43%
SpS23.84
BVpS11
TBVpS8.44
PEG (NY)N/A
PEG (5Y)1.02
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 17.56% | ||
| ROE | 31.15% | ||
| ROCE | 28.09% | ||
| ROIC | 19.78% | ||
| ROICexc | 51.58% | ||
| ROICexgc | 108.53% | ||
| 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)17.19%
ROIC(5y)19.26%
ROICexc(3y)36.8%
ROICexc(5y)49.04%
ROICexgc(3y)66.53%
ROICexgc(5y)147.32%
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 | 9.07 |
F-Score8
WACC4.97%
ROIC/WACC3.98
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 5YN/A
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 5YN/A
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%