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Logitech International

Nasdaq:LOGI
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LOGI
Nasdaq
CHF6B
Market Cap
  1. Home
  2. US
  3. Tech
Company description

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The last earnings update was 55 days ago. More info.


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LOGI Share Price and Events
7 Day Returns
1.2%
NasdaqGS:LOGI
4.7%
US Tech
1.6%
US Market
1 Year Returns
-0.9%
NasdaqGS:LOGI
3.9%
US Tech
3.2%
US Market
LOGI Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Logitech International (LOGI) 1.2% 3.6% 26.4% -0.9% 143.3% 155.6%
US Tech 4.7% 9.5% 14% 3.9% 67.2% 111.5%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • LOGI underperformed the Tech industry which returned 3.9% over the past year.
  • LOGI underperformed the Market in United States of America which returned 3.2% over the past year.
Price Volatility
LOGI
Industry
5yr Volatility vs Market
Related Companies

LOGI Value

 Is Logitech International undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Logitech International to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Logitech International.

NasdaqGS:LOGI Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 15 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:LOGI
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Tech Unlevered Beta Simply Wall St/ S&P Global 1.03
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.027 (1 + (1- 18%) (0%))
1.018
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.018 * 5.96%)
8.8%

Discounted Cash Flow Calculation for NasdaqGS:LOGI using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Logitech International is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:LOGI DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 8.8%)
2019 269.81 Analyst x8 247.99
2020 342.43 Analyst x9 289.28
2021 365.38 Analyst x8 283.70
2022 477.37 Analyst x1 340.69
2023 537.57 Analyst x1 352.62
2024 586.64 Est @ 9.13% 353.69
2025 628.93 Est @ 7.21% 348.52
2026 665.82 Est @ 5.87% 339.12
2027 698.61 Est @ 4.92% 327.05
2028 728.41 Est @ 4.27% 313.42
Present value of next 10 years cash flows $3,196.08
NasdaqGS:LOGI DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $728.41 × (1 + 2.73%) ÷ (8.8% – 2.73%)
$12,329.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $12,329.80 ÷ (1 + 8.8%)10
$5,305.25
NasdaqGS:LOGI Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $3,196.08 + $5,305.25
$8,501.33
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $8,501.33 / 165.75
$51.29
NasdaqGS:LOGI Discount to Share Price
Calculation Result
Exchange Rate USD/CHF
(Reporting currency to currency of SWX:LOGN)
0.999
Value per Share
(CHF)
= Value per Share in USD x Exchange Rate (USD/CHF)
= $51.29 x 0.999
CHF51.26
Non-primary Listing Adjustment Factor 1 share in NasdaqGS:LOGI represents 0.99506x of SWX:LOGN
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99506x
Value per Share
(Listing Adjusted, USD)
= Value per Share (CHF) x Listing Adjustment Factor
= CHF 51.26 x 0.99506
$51.00
Value per share (USD) From above. $51.00
Current discount Discount to share price of $38.32
= -1 x ($38.32 - $51.00) / $51.00
24.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Logitech International is available for.
Intrinsic value
25%
Share price is $38.32 vs Future cash flow value of $51
Current Discount Checks
For Logitech International to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Logitech International's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Logitech International's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Logitech International's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Logitech International's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LOGI PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $1.51
SWX:LOGN Share Price ** SWX (2019-03-19) in CHF CHF38.51
SWX:LOGN Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 1.001 $38.54
United States of America Tech Industry PE Ratio Median Figure of 15 Publicly-Listed Tech Companies 16.94x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Logitech International.

NasdaqGS:LOGI PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:LOGN Share Price ÷ EPS (both in USD)

= 38.54 ÷ 1.51

25.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Logitech International is overvalued based on earnings compared to the US Tech industry average.
  • Logitech International is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Logitech International's expected growth come at a high price?
Raw Data
NasdaqGS:LOGI PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 25.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts
13.2%per year
United States of America Tech Industry PEG Ratio Median Figure of 8 Publicly-Listed Tech Companies 1.08x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

NasdaqGS:LOGI PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 25.49x ÷ 13.2%

1.94x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Logitech International is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Logitech International's assets?
Raw Data
NasdaqGS:LOGI PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $6.83
SWX:LOGN Share Price * SWX (2019-03-19) in CHF CHF38.51
SWX:LOGN Share Price converted to USD reporting currency Exchange rate (CHF/ USD) 1.001 $38.54
United States of America Tech Industry PB Ratio Median Figure of 37 Publicly-Listed Tech Companies 1.85x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NasdaqGS:LOGI PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:LOGN Share Price ÷ Book Value per Share (both in USD)

= 38.54 ÷ 6.83

5.64x

* Primary Listing of Logitech International.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Logitech International is overvalued based on assets compared to the US Tech industry average.
X
Value checks
We assess Logitech International's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Tech industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Tech industry average (and greater than 0)? (1 check)
  5. Logitech International has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

LOGI Future Performance

 How is Logitech International expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
13.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Logitech International expected to grow at an attractive rate?
  • Logitech International's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Logitech International's earnings growth is positive but not above the United States of America market average.
  • Logitech International's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LOGI Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LOGI Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts 13.2%
NasdaqGS:LOGI Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts 7.7%
United States of America Tech Industry Earnings Growth Rate Market Cap Weighted Average 4.7%
United States of America Tech Industry Revenue Growth Rate Market Cap Weighted Average 3.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:LOGI Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LOGI Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-03-31 3,823 588 485 4
2022-03-31 3,540 527 423 4
2021-03-31 3,220 417 316 13
2020-03-31 3,016 395 290 15
2019-03-31 2,797 315 255 14
NasdaqGS:LOGI Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 2,756 364 250
2018-09-30 2,704 376 218
2018-06-30 2,645 359 210
2018-03-31 2,567 346 209
2017-12-31 2,485 304 214
2017-09-30 2,340 264 230
2017-06-30 2,272 270 221
2017-03-31 2,221 288 206
2016-12-31 2,142 273 183
2016-09-30 2,096 290 154
2016-06-30 2,050 226 137
2016-03-31 2,018 185 128

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Logitech International's earnings are expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).
  • Logitech International's revenue is expected to grow by 7.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:LOGI Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below

All data from Logitech International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LOGI Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 1.84 2.01 1.65 6.00
2020-03-31 1.73 1.89 1.62 7.00
2019-03-31 1.54 1.80 1.43 7.00
NasdaqGS:LOGI Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 1.51
2018-09-30 1.32
2018-06-30 1.28
2018-03-31 1.27
2017-12-31 1.31
2017-09-30 1.41
2017-06-30 1.36
2017-03-31 1.27
2016-12-31 1.13
2016-09-30 0.95
2016-06-30 0.84
2016-03-31 0.79

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Logitech International is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Logitech International's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Logitech International has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

LOGI Past Performance

  How has Logitech International performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Logitech International's growth in the last year to its industry (Tech).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Logitech International has delivered over 20% year on year earnings growth in the past 5 years.
  • Logitech International's 1-year earnings growth is less than its 5-year average (17% vs 20.2%)
  • Logitech International's earnings growth has not exceeded the US Tech industry average in the past year (17% vs 94.9%).
Earnings and Revenue History
Logitech International's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Logitech International Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LOGI Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,756.44 249.86 576.77 156.74
2018-09-30 2,704.07 217.82 558.47 150.54
2018-06-30 2,645.40 210.00 544.11 147.65
2018-03-31 2,566.86 208.54 531.84 143.76
2017-12-31 2,484.99 213.56 523.55 139.80
2017-09-30 2,339.68 230.26 511.74 137.69
2017-06-30 2,271.51 220.94 498.17 133.67
2017-03-31 2,221.43 205.88 479.91 130.53
2016-12-31 2,141.72 183.46 455.38 124.15
2016-09-30 2,096.09 154.04 440.12 121.03
2016-06-30 2,050.28 137.44 424.95 117.13
2016-03-31 2,018.10 128.36 420.03 113.18
2015-12-31 2,029.54 130.17 424.77 114.19
2015-09-30 2,012.79 128.55 429.05 112.42
2015-06-30 1,970.39 141.61 424.63 104.99
2015-03-31 2,004.91 148.43 447.74 107.54
2014-12-31 2,052.95 140.23 462.49 110.81
2014-09-30 2,077.34 121.70 473.10 117.99
2014-06-30 2,132.39 92.75 496.24 134.17
2014-03-31 2,008.03 105.99 435.40 112.45
2013-12-31 2,106.87 28.10 516.37 145.98
2013-09-30 2,092.65 -215.12 529.18 151.89
2013-06-30 2,109.20 -175.15 543.06 152.52
2013-03-31 2,099.28 -227.52 546.27 155.01
2012-12-31 2,162.76 -162.33 529.19 158.95
2012-09-30 2,262.86 88.34 537.10 160.38
2012-06-30 2,304.37 51.23 536.03 161.75
2012-03-31 2,316.20 104.24 531.38 162.16

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Logitech International has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Logitech International used its assets more efficiently than the US Tech industry average last year based on Return on Assets.
  • Logitech International has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Logitech International's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Tech industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Logitech International has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

LOGI Health

 How is Logitech International's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Logitech International's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Logitech International is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Logitech International's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Logitech International's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Logitech International has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Logitech International Company Filings, last reported 2 months ago.

NasdaqGS:LOGI Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,132.09 0.00 584.49
2018-09-30 1,012.16 0.00 424.95
2018-06-30 1,055.26 0.00 604.12
2018-03-31 1,050.56 0.00 641.95
2017-12-31 1,007.24 0.00 564.89
2017-09-30 921.84 0.00 405.64
2017-06-30 950.34 0.00 527.66
2017-03-31 856.11 0.00 547.53
2016-12-31 801.40 0.00 513.58
2016-09-30 716.03 0.00 395.20
2016-06-30 758.92 0.00 440.11
2016-03-31 759.95 0.00 519.20
2015-12-31 736.95 0.00 505.08
2015-09-30 668.97 0.00 365.77
2015-06-30 766.42 0.00 492.23
2015-03-31 758.13 0.00 533.38
2014-12-31 890.91 0.00 516.61
2014-09-30 874.36 0.00 500.22
2014-06-30 832.71 0.00 484.98
2014-03-31 804.13 0.00 469.41
2013-12-31 765.11 0.00 379.87
2013-09-30 708.40 0.00 294.80
2013-06-30 720.13 0.00 318.86
2013-03-31 721.95 0.00 333.82
2012-12-31 756.57 0.00 322.00
2012-09-30 946.30 0.00 237.03
2012-06-30 1,003.91 0.00 360.74
2012-03-31 1,150.24 0.00 478.37
  • Logitech International has no debt.
  • Logitech International has not taken on any debt in the past 5 years.
  • Logitech International has no debt, it does not need to be covered by operating cash flow.
  • Logitech International has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Logitech International's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Logitech International has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

LOGI Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
1.72%
Current annual income from Logitech International dividends. Estimated to be 2.02% next year.
If you bought $2,000 of Logitech International shares you are expected to receive $34 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Logitech International's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Logitech International's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:LOGI Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 15 Analyst Estimates (S&P Global) See Below
United States of America Tech Industry Average Dividend Yield Market Cap Weighted Average of 8 Stocks 1.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:LOGI Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-03-31
2022-03-31
2021-03-31 0.84 9.00
2020-03-31 0.78 10.00
2019-03-31 0.72 10.00
NasdaqGS:LOGI Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2018-09-05 0.663 1.834
2017-09-12 0.650 1.661
2016-10-27 0.570 1.873
2016-10-25 0.570 2.439
2016-09-07 0.563 2.585
2016-05-23 0.570 3.242
2016-04-28 0.570 3.805
2016-01-21 0.530 3.406
2015-10-23 0.530 3.580
2015-10-22 0.530 3.457
2015-06-05 0.530 3.769
2015-01-27 0.270 1.872
2014-11-26 0.263 1.859
2014-11-14 0.271 1.899
2014-11-13 0.270 1.915
2013-08-07 0.220 1.827

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Logitech International has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Logitech International only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Logitech International's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.2x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Logitech International's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Logitech International afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Logitech International has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

LOGI Management

 What is the CEO of Logitech International's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bracken Darrell
COMPENSATION $7,239,855
AGE 55
TENURE AS CEO 6.2 years
CEO Bio

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. Mr. Darrell is responsible for Logitech’s strategy for growth and profitability, for the vision for the brand as well as for the its operations. He has been the Chief Executive Officer and President of Logitech International SA since January 1, 2012 and April 9, 2012 respectively. He has been an Executive Director of Logitech International SA since September 4, 2013. Mr. Darrell has more than twenty years of experience in business management and brand management in successful global consumer companies, including Whirlpool, Procter & Gamble from 1991 to 1997 and General Electric Company from 1997 to 2002. His broad executive management experience has spanned manufacturing, supply chain, product innovation, consumer services and marketing - targeting customers in mature and emerging markets. He has led growth and reinvention for iconic brands such as Old Spice, Gillette, Braun, KitchenAid and Whirlpool. Mr. Darrell joined Logitech from Whirlpool Corporation, where he served as an Executive Vice President and President of Whirlpool EMEA from January 2009 to March 2012. He was accountable for all aspects of Whirlpool Europe business. He served as Senior Vice President of Operations of Whirlpool EMEA from May 2008 to January 2009. From 2002 to May 2008, Mr. Darrell was with P&G (The Procter & Gamble Company). Prior to joining Whirlpool in 2008, he served as the President of Braun GmbH of The Procter & Gamble Company since October 2005. Mr. Darrell served in various positions with Procter & Gamble for twelve years. Mr. Darrell spent five years (from 1997 to 2002) in various executive and managerial positions with General Electric Company, lastly as General Manager of Consumer Home Service for GE Appliances. Mr. Darrell served as Brand Assistant of Beauty Care Olay since 1991, Assistant Brand Manager of Beauty Care (Old Spice) since 1992 and Brand Manager of Beauty Care (Ivory, Old Spice) since 1994. He served as General Manager of Marketing and Business Development of GE since 1997, General Manager of Clothes Care since 1998 and General Manager of Consumer Home Services since 2000. He served as Vice President of Marketing Personal Care at Gillette since 2002 and Vice President of Marketing, International Commercial Operations since 2003. Mr. Darrell previously held various executive and managerial positions positions with PepsiCo Inc. from 1987 to 1989 and with Arthur Anderson. He rejoined P&G in 2002. He has been Executive Director of Logitech Inc. since September 4, 2013. He holds an M.B.A. degree from Harvard Business School in 1991 and a B.A. degree in English from Hendrix College in 1985.

CEO Compensation
  • Bracken's compensation has been consistent with company performance over the past year.
  • Bracken's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Logitech International management team in years:

5.8
Average Tenure
53
Average Age
  • The average tenure for the Logitech International management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Guerrino De Luca

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
66
TENURE
11.2 yrs

Bracken Darrell

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
6.2 yrs

Vincent Pilette

TITLE
Chief Financial Officer
COMPENSATION
$4M
AGE
46
TENURE
5.5 yrs

Marcel Stolk

TITLE
Senior Vice President of Creativity & Productivity Business Group
COMPENSATION
$2M
AGE
51
TENURE
6.2 yrs

Teresa Thuruthiyil

TITLE
Senior Director of Investor Relations

Bryan Ko

TITLE
General Counsel & Corporate Secretary
TENURE
1.8 yrs

Craig Mallow

TITLE
Senior Vice President and Chief Executive Officer of Life Size Communications
TENURE
5.1 yrs

Alastair Curtis

TITLE
Chief Design Officer

Krista Todd

TITLE
Vice President of External Communications for USA

Scott Wharton

TITLE
General Manager of Video Collaboration Group
Board of Directors Tenure

Average tenure and age of the Logitech International board of directors in years:

3.5
Average Tenure
63
Average Age
  • The tenure for the Logitech International board of directors is about average.
Board of Directors

Bracken Darrell

TITLE
President
COMPENSATION
$7M
AGE
55
TENURE
5.5 yrs

Daniel Borel

TITLE
Chairman Emeritus
COMPENSATION
$26K
AGE
68
TENURE
3.5 yrs

Guerrino De Luca

TITLE
Executive Chairman
COMPENSATION
$2M
AGE
66
TENURE
11.2 yrs

Didier Hirsch

TITLE
Independent Non-Executive Director
COMPENSATION
$287K
AGE
67
TENURE
6.5 yrs

Ed Bugnion

TITLE
Independent Non-Executive Director
COMPENSATION
$261K
AGE
48
TENURE
3.5 yrs

Neil Hunt

TITLE
Lead Independent Director
COMPENSATION
$282K
AGE
56

Dimitri Panayotopoulos

TITLE
Independent Non-Executive Director
COMPENSATION
$257K
AGE
67
TENURE
4.3 yrs

Lung Yeh

TITLE
Independent Non-Executive Director
COMPENSATION
$259K
AGE
62
TENURE
3.5 yrs

Patrick Aebischer

TITLE
Non-Executive Director
COMPENSATION
$234K
AGE
64
TENURE
2.5 yrs

Wendy Becker

TITLE
Independent Non-Executive Director
COMPENSATION
$205K
AGE
52
TENURE
1.5 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
03. Aug 18 Sell Bracken Darrell Individual 02. Aug 18 03. Aug 18 -100,000 $45.73 $-4,565,887
09. May 18 Sell Marcel Stolk Individual 07. May 18 07. May 18 -60,381 $40.08 $-2,420,070
05. May 18 Sell Bracken Darrell Individual 04. May 18 04. May 18 -179,720 $39.58 $-7,113,318
05. May 18 Sell Vincent Pilette Individual 04. May 18 04. May 18 -115,000 $39.61 $-4,555,150
X
Management checks
We assess Logitech International's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Logitech International has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

LOGI News

Simply Wall St News

There's An Opportunity With Logitech International SA. (NASDAQ:LOGI)

We all know Logitech International, and having this large-cap to cushion your portfolio during a volatile period in the stock market isn't a bad idea. … NasdaqGS:LOGI Historical Debt Mar 16th 18 With zero debt on its balance sheet, Logitech International isn't constrained to debt obligations and covenants, which can be burdensome during financial downturns. … Next Steps: Logitech International makes for a robust long-term investment based on its scale, financial health and track record.

Simply Wall St -

Why Logitech International SA (LOGI) Could Be A Buy

A question to answer is whether LOGI's current trading price of $36.71 reflective of the actual value of the mid-cap? … LOGI’s optimistic future growth appears to have been factored into the current share price, with shares trading above its fair value. … If you believe LOGI should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.

Simply Wall St -

LOGI Company Info

Description

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups. It also provides keyboards and covers for tablets and smartphones, as well as other accessories for mobile devices; pointing devices, such as PC and Mac-related mice, touchpads, and presenters; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combos; PC-based Webcams; and remote control and home automation products. The company sells its products through direct sales to retailers and e-tailers, as well as indirect sales through distributors. Its channel network includes consumer electronics distributors, retailers, mass merchandisers, specialty electronics stores, computer and telecommunications stores, value-added resellers, and online merchants. The company was founded in 1981 and is headquartered in Lausanne, Switzerland.

Details
Name: Logitech International S.A.
LOGI
Exchange: NasdaqGS
Founded: 1981
CHF6,387,373,733
165,751,602
Website: http://www.logitech.com
Address: Logitech International S.A.
Daniel Borel Innovation Center,
EPFL - Quartier de l'Innovation,
Lausanne,
Vaud, 1015,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX LOGN Registered Shares SIX Swiss Exchange CH CHF 03. Aug 1993
NasdaqGS LOGI Registered Shares Nasdaq Global Select US USD 03. Aug 1993
DB LTEC Registered Shares Deutsche Boerse AG DE EUR 03. Aug 1993
LSE 0QK6 Registered Shares London Stock Exchange GB CHF 03. Aug 1993
BATS-CHIXE LOGNZ Registered Shares BATS 'Chi-X Europe' GB CHF 03. Aug 1993
Number of employees
Current staff
Staff numbers
6,100
Logitech International employees.
Industry
Technology Hardware, Storage and Peripherals
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/20 00:01
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2019/03/15
Last earnings filing: 2019/01/24
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.