SWX:LOGN

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Logitech International

Executive Summary

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


Snowflake Analysis

Outstanding track record with flawless balance sheet.


Similar Companies

Share Price & News

How has Logitech International's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LOGN is more volatile than 75% of Swiss stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: LOGN's weekly volatility (7%) has been stable over the past year, but is still higher than 75% of Swiss stocks.


Market Performance


7 Day Return

2.1%

LOGN

1.7%

CH Tech

-0.1%

CH Market


1 Year Return

83.6%

LOGN

56.7%

CH Tech

0.7%

CH Market

Return vs Industry: LOGN exceeded the Swiss Tech industry which returned 60.4% over the past year.

Return vs Market: LOGN exceeded the Swiss Market which returned 1.7% over the past year.


Shareholder returns

LOGNIndustryMarket
7 Day2.1%1.7%-0.1%
30 Day0.5%4.2%6.0%
90 Day20.9%18.0%1.6%
1 Year85.9%83.6%58.6%56.7%4.2%0.7%
3 Year150.3%139.3%79.3%71.7%18.4%6.0%
5 Year464.5%416.7%184.7%162.0%39.9%16.8%

Long-Term Price Volatility Vs. Market

How volatile is Logitech International's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

21.78x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: LOGN (CHF78.02) is trading above our estimate of fair value (CHF73.63)

Significantly Below Fair Value: LOGN is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: LOGN is good value based on its PE Ratio (21.8x) compared to the XE Tech industry average (21.9x).

PE vs Market: LOGN is good value based on its PE Ratio (21.8x) compared to the Swiss market (22.8x).


Price to Earnings Growth Ratio

PEG Ratio: LOGN is poor value based on its PEG Ratio (6.9x)


Price to Book Ratio

PB vs Industry: LOGN is overvalued based on its PB Ratio (8.6x) compared to the XE Tech industry average (1.9x).


Next Steps

Future Growth

How is Logitech International forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

3.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOGN's forecast earnings growth (3.1% per year) is above the savings rate (-0.2%).

Earnings vs Market: LOGN's earnings (3.1% per year) are forecast to grow slower than the Swiss market (13.3% per year).

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

Revenue vs Market: LOGN's revenue (6.9% per year) is forecast to grow faster than the Swiss market (4.8% per year).

High Growth Revenue: LOGN's revenue (6.9% 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 (25.6%)


Next Steps

Past Performance

How has Logitech International performed over the past 5 years?

27.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LOGN has high quality earnings.

Growing Profit Margin: LOGN's current net profit margins (18.3%) are higher than last year (9.6%).


Past Earnings Growth Analysis

Earnings Trend: LOGN's earnings have grown significantly by 27.8% per year over the past 5 years.

Accelerating Growth: LOGN's earnings growth over the past year (145.3%) exceeds its 5-year average (27.8% per year).

Earnings vs Industry: LOGN earnings growth over the past year (145.3%) exceeded the Tech industry 4.6%.


Return on Equity

High ROE: LOGN's Return on Equity (39.3%) is considered high.


Next Steps

Financial Health

How is Logitech International's financial position?


Financial Position Analysis

Short Term Liabilities: LOGN's short term assets ($2.2B) exceed its short term liabilities ($1.2B).

Long Term Liabilities: LOGN's short term assets ($2.2B) exceed its long term liabilities ($185.1M).


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


Next Steps

Dividend

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

0.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LOGN's dividend (0.97%) isn’t notable compared to the bottom 25% of dividend payers in the Swiss market (1.9%).

High Dividend: LOGN's dividend (0.97%) is low compared to the top 25% of dividend payers in the Swiss market (3.76%).


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 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.8%), 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 (26.5% payout ratio).


Next Steps

Management

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

1.9yrs

Average management tenure


CEO

Bracken Darrell (57 yo)

7.92yrs

Tenure

US$8,048,907

Compensation

Mr. Bracken P. Darrell has been the Chief Executive Officer of Logitech International S.A. since January 2013. Mr. Darrell has been President of Logitech International S.A. since joining it in April 2012. ...


CEO Compensation Analysis

Compensation vs Market: Bracken's total compensation ($USD8.05M) is above average for companies of similar size in the Swiss market ($USD5.96M).

Compensation vs Earnings: Bracken's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Bracken Darrell
President7.92yrsUS$8.05m0.41%
$ 53.5m
Nathan Olmstead
CFO & Principal Accounting Officer1.5yrsUS$4.17m0.0063%
$ 825.0k
Prakash Arunkundrum
Head of Global Operations & Executive Officer2.58yrsno data0.035%
$ 4.5m
Massimo Rapparini
Chief Information Officer1.92yrsno datano data
Ben Lu
Vice President of Investor Relationsno datano datano data
Samantha Harnett
General Counsel & Executive Officer0.50yrno datano data
Craig Malloy
Senior Vice President and Chief Executive Officer of Life Size Communications6.83yrsno datano data
Alastair Curtis
Chief Design Officerno datano datano data
Ehrika Gladden
Head of Global Video Collaboration of Sales & Marketing0.83yrno datano data
Nicole Kenyon
Head of Global Corporate & Employee Communications - USAno datano datano data
Krista Todd
Vice President of Global Communications - USAno datano datano data
Scott Wharton
General Manager of Video Collaboration Groupno datano datano data

1.9yrs

Average Tenure

46.5yo

Average Age

Experienced Management: LOGN's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Bracken Darrell
President7.92yrsUS$8.05m0.41%
$ 53.5m
Patrick Aebischer
Independent Non-Executive Director4.25yrsUS$272.81k0.011%
$ 1.4m
Guy Gecht
Independent Director1.25yrsUS$237.88k0.0021%
$ 273.3k
Daniel Borel
Chairman Emeritus5.25yrsUS$25.72kno data
Neil Hunt
Lead Independent Directorno dataUS$288.81k0.040%
$ 5.3m
Michael Polk
Independent Director1.25yrsUS$258.50k0.0028%
$ 366.1k
Didier Hirsch
Independent Non-Executive Director8.25yrsUS$305.64k0.0060%
$ 787.1k
Edouard Bugnion
Independent Non-Executive Director5.25yrsUS$286.45k0.020%
$ 2.6m
Marjorie Lao
Independent Director2.25yrsUS$271.97k0.0036%
$ 469.4k
Wendy Becker
Independent Chairperson1.25yrsUS$376.36k0.0077%
$ 1.0m
Deborah Thomas
Independent Director0.25yrno datano data
Neela Montgomery
Independent Non-Executive Director3.25yrsUS$280.39k0.0055%
$ 724.3k

3.3yrs

Average Tenure

56.5yo

Average Age

Experienced Board: LOGN's board of directors are considered experienced (3.3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: LOGN insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

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


Top Shareholders

Company Information

Logitech International S.A.'s company bio, 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
  • Market Cap: CHF13.075b
  • Shares outstanding: 164.79m
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LTECDB (Deutsche Boerse AG)YesRegistered SharesDEEURAug 1993
LOGNSWX (SIX Swiss Exchange)YesRegistered SharesCHCHFAug 1993
LOGINasdaqGS (Nasdaq Global Select)YesRegistered SharesUSUSDAug 1993
0QK6LSE (London Stock Exchange)YesRegistered SharesGBCHFAug 1993
LOGI NBMV (Bolsa Mexicana de Valores)YesRegistered SharesMXMXNAug 1993

Biography

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that helps people connect to digital and cloud experiences. The company offers pointing devices, such as w...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/12/02 18:10
End of Day Share Price2020/12/02 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


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.