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LOGN

Logitech InternationalSWX:LOGN Stock Report

Last Price

CHF70.54

Market Cap

CHF11.8b

7D

-7.8%

1Y

-23.3%

Updated

21 Jan, 2022

Data

Company Financials +
LOGN fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance3/6
Financial Health6/6
Dividends2/6

LOGN Stock Overview

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide.

Logitech International Competitors

Microsoft

NasdaqGS:MSFT

US$2.2t

Alphabet

NasdaqGS:GOOG.L

US$1.7t

Amazon.com

NasdaqGS:AMZN

US$1.4t

Cisco Systems

NasdaqGS:CSCO

US$239.1b

Price History & Performance

Summary of all time highs, changes and price drops for Logitech International
Historical stock prices
Current Share PriceCHF70.54
52 Week HighCHF124.90
52 Week LowCHF68.84
Beta0.70
1 Month Change-10.07%
3 Month Change-14.46%
1 Year Change-23.28%
3 Year Change96.00%
5 Year Change140.34%
Change since IPO3,540.78%

Recent News & Updates

Jan 02
Do Logitech International's (VTX:LOGN) Earnings Warrant Your Attention?

Do Logitech International's (VTX:LOGN) Earnings Warrant Your Attention?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Nov 16
Returns on Capital Paint A Bright Future For Logitech International (VTX:LOGN)

Returns on Capital Paint A Bright Future For Logitech International (VTX:LOGN)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? One common approach is...

Shareholder Returns

LOGNCH TechCH Market
7D-7.8%-1.3%-0.6%
1Y-23.3%-14.4%14.7%

Return vs Industry: LOGN underperformed the Swiss Tech industry which returned -14.4% over the past year.

Return vs Market: LOGN underperformed the Swiss Market which returned 14.7% over the past year.

Price Volatility

Is LOGN's price volatile compared to industry and market?
LOGN volatility
LOGN Average Weekly Movement4.6%
Tech Industry Average Movement6.3%
Market Average Movement3.9%
10% most volatile stocks in CH Market6.7%
10% least volatile stocks in CH Market2.0%

Stable Share Price: LOGN is not significantly more volatile than the rest of Swiss stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: LOGN's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19819,000Bracken Darrellhttps://www.logitech.com

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as steering wheels and flight sticks for gamers; video conferencing products, and controllers for video conferencing room solutions; portable wireless Bluetooth and Wi-Fi connected speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers for smart home devices comprising lighting, thermostats and door locks, and home security cameras.

Logitech International Fundamentals Summary

How do Logitech International's earnings and revenue compare to its market cap?
LOGN fundamental statistics
Market CapUS$12.95b
Earnings (TTM)US$934.57m
Revenue (TTM)US$5.82b

13.9x

P/E Ratio

2.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOGN income statement (TTM)
RevenueUS$5.82b
Cost of RevenueUS$3.24b
Gross ProfitUS$2.59b
ExpensesUS$1.65b
EarningsUS$934.57m

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 25, 2022

Earnings per share (EPS)5.58
Gross Margin44.43%
Net Profit Margin16.05%
Debt/Equity Ratio0%

How did LOGN perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

17%

Payout Ratio

Valuation

Is Logitech International undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LOGN (CHF70.54) is trading below our estimate of fair value (CHF150.18)

Significantly Below Fair Value: LOGN is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: LOGN is good value based on its PE Ratio (13.9x) compared to the European Tech industry average (20.5x).

PE vs Market: LOGN is good value based on its PE Ratio (13.9x) compared to the Swiss market (20.6x).


Price to Earnings Growth Ratio

PEG Ratio: LOGN is poor value based on its PEG Ratio (1.6x)


Price to Book Ratio

PB vs Industry: LOGN is overvalued based on its PB Ratio (5.7x) compared to the XE Tech industry average (2.1x).


Future Growth

How is Logitech International forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOGN's forecast earnings growth (8.7% per year) is above the savings rate (-0.3%).

Earnings vs Market: LOGN's earnings (8.7% per year) are forecast to grow faster than the Swiss market (6.9% per year).

High Growth Earnings: LOGN's earnings are forecast to grow, but not significantly.

Revenue vs Market: LOGN's revenue (6.6% per year) is forecast to grow faster than the Swiss market (4.9% per year).

High Growth Revenue: LOGN's revenue (6.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LOGN's Return on Equity is forecast to be high in 3 years time (28.8%)


Past Performance

How has Logitech International performed over the past 5 years?

40.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LOGN has high quality earnings.

Growing Profit Margin: LOGN's current net profit margins (16.1%) are lower than last year (18.3%).


Past Earnings Growth Analysis

Earnings Trend: LOGN's earnings have grown significantly by 40.3% per year over the past 5 years.

Accelerating Growth: LOGN's earnings growth over the past year (39.4%) is below its 5-year average (40.3% per year).

Earnings vs Industry: LOGN earnings growth over the past year (39.4%) underperformed the Tech industry 50.7%.


Return on Equity

High ROE: LOGN's Return on Equity (41.3%) is considered outstanding.


Financial Health

How is Logitech International's financial position?


Financial Position Analysis

Short Term Liabilities: LOGN's short term assets ($2.9B) exceed its short term liabilities ($1.4B).

Long Term Liabilities: LOGN's short term assets ($2.9B) exceed its long term liabilities ($222.9M).


Debt to Equity History and Analysis

Debt Level: LOGN is debt free.

Reducing Debt: LOGN has not had any debt for past 5 years.

Debt Coverage: LOGN has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: LOGN has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Logitech International current dividend yield, its reliability and sustainability?

1.21%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LOGN's dividend (1.21%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.37%).

High Dividend: LOGN's dividend (1.21%) is low compared to the top 25% of dividend payers in the Swiss market (3.58%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, LOGN has been paying a dividend for less than 10 years.

Growing Dividend: LOGN's dividend payments have increased, but the company has only paid a dividend for 8 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (16.7%), LOGN's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LOGN's dividends in 3 years are forecast to be well covered by earnings (21.7% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Bracken Darrell (58 yo)

9.75yrs

Tenure

US$11,026,105

Compensation

Mr. Bracken P. Darrell serves as Advisory Board Member of Kargo Global, Inc. since November 2021. He has been the Chief Executive Officer and President of Logitech International S.A. since January 1, 2012...


CEO Compensation Analysis

Compensation vs Market: Bracken's total compensation ($USD11.03M) is above average for companies of similar size in the Swiss market ($USD5.47M).

Compensation vs Earnings: Bracken's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: LOGN's management team is considered experienced (2.8 years average tenure).


Board Members

Experienced Board: LOGN's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Logitech International S.A.'s employee growth, exchange listings and data sources


Key Information

  • Name: Logitech International S.A.
  • Ticker: LOGN
  • Exchange: SWX
  • Founded: 1981
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Implied Market Cap: CHF11.814b
  • Shares outstanding: 167.47m
  • Website: https://www.logitech.com

Number of Employees


Location

  • Logitech International S.A.
  • Daniel Borel Innovation Center
  • EPFL - Quartier de l'Innovation
  • Lausanne
  • Vaud
  • 1015
  • Switzerland

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 21:15
End of Day Share Price2022/01/21 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.