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LOGI

Logitech InternationalNasdaqGS:LOGI Stock Report

Market Cap

CHF14.1b

7D

-7.5%

1Y

-2.8%

Updated

27 Oct, 2021

Data

Company Financials +
LOGI fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance3/6
Financial Health6/6
Dividends2/6

LOGI 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

Apple

NasdaqGS:AAPL

US$2.5t

HP

NYSE:HPQ

US$34.2b

Corsair Gaming

NasdaqGS:CRSR

US$2.3b

Turtle Beach

NasdaqGM:HEAR

US$442.1m

Price History & Performance

Summary of all time highs, changes and price drops for Logitech International
Historical stock prices
Current Share PriceCHF83.22
52 Week HighCHF75.12
52 Week LowCHF140.17
Beta0.67
1 Month Change-14.01%
3 Month Change-23.12%
1 Year Change-2.76%
3 Year Change125.41%
5 Year Change241.77%
Change since IPO4,012.80%

Recent News & Updates

Oct 11

Hidden Value In Logitech: A Low Profile Work From Home Beneficiary

Logitech’s share of the global computer peripheral equipment market grew from 0.6% in calendar 2019 to 1.0% in calendar 2020. The permanent shifts in where people work and how they spend their free time may have created a new, larger base for Logitech’s sales. Logitech’s largest segments are projected to grow at much faster rates than the rest of the computer peripherals market.

Sep 28

Discussing Why Logitech Is Ranked #1 In My Portfolio

I recently released the Landslide Portfolio focused on long-term recurring investments. I used a series of selection criteria and rankings to sort the holdings by strength. Logitech, the consumer and office electronics supplier, came out on top, and I will discuss what made the company shine.

Shareholder Returns

LOGIUS TechUS Market
7D-7.5%-0.3%-0.3%
1Y-2.8%37.6%37.0%

Return vs Industry: LOGI underperformed the US Tech industry which returned 31.8% over the past year.

Return vs Market: LOGI underperformed the US Market which returned 33.4% over the past year.

Price Volatility

Is LOGI's price volatile compared to industry and market?
LOGI volatility
LOGI Beta0.67
Industry Beta1.22
Market Beta1

Stable Share Price: LOGI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: LOGI's weekly volatility (4%) 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?
LOGI fundamental statistics
Market CapUS$14.07b
Earnings (TTM)US$934.57m
Revenue (TTM)US$5.82b

15.1x

P/E Ratio

2.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOGI 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 24, 2022

Earnings per share (EPS)5.54
Gross Margin44.43%
Net Profit Margin16.05%
Debt/Equity Ratio0.0%

How did LOGI perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

17%

Payout Ratio

Valuation

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

42.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LOGI ($83.22) is trading below our estimate of fair value ($144.04)

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


Price To Earnings Ratio

PE vs Industry: LOGI is good value based on its PE Ratio (15.1x) compared to the US Tech industry average (15.5x).

PE vs Market: LOGI is good value based on its PE Ratio (15.1x) compared to the US market (18.1x).


Price to Earnings Growth Ratio

PEG Ratio: LOGI is poor value based on its PEG Ratio (1.9x)


Price to Book Ratio

PB vs Industry: LOGI is overvalued based on its PB Ratio (6.2x) compared to the US Tech industry average (2.4x).


Future Growth

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

7.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOGI's forecast earnings growth (7.9% per year) is above the savings rate (2%).

Earnings vs Market: LOGI's earnings (7.9% per year) are forecast to grow slower than the US market (14.7% per year).

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

Revenue vs Market: LOGI's revenue (7.3% per year) is forecast to grow slower than the US market (9.9% per year).

High Growth Revenue: LOGI's revenue (7.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LOGI's Return on Equity is forecast to be high in 3 years time (26.3%)


Past Performance

How has Logitech International performed over the past 5 years?

40.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LOGI has high quality earnings.

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


Past Earnings Growth Analysis

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

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

Earnings vs Industry: LOGI earnings growth over the past year (39.4%) underperformed the Tech industry 67.7%.


Return on Equity

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


Financial Health

How is Logitech International's financial position?


Financial Position Analysis

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

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


Debt to Equity History and Analysis

Debt Level: LOGI is debt free.

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

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

Interest Coverage: LOGI 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?

1.12%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LOGI's dividend (1.12%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.28%).

High Dividend: LOGI's dividend (1.12%) is low compared to the top 25% of dividend payers in the US market (3.48%).


Stability and Growth of Payments

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

Growing Dividend: LOGI'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%), LOGI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: LOGI's dividends in 3 years are forecast to be well covered by earnings (21.3% payout ratio).


Next Steps

Management

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

2.5yrs

Average management tenure


CEO

Bracken Darrell (58 yo)

8.75yrs

Tenure

US$11,026,105

Compensation

Mr. Bracken P. Darrell has been the Chief Executive Officer and President of Logitech International S.A. since January 1, 2012 and April 9, 2012 respectively. Mr. Darrell has been an Executive Director of...


CEO Compensation Analysis

Compensation vs Market: Bracken's total compensation ($USD11.03M) is about average for companies of similar size in the US market ($USD11.16M).

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


Leadership Team

Experienced Management: LOGI's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: LOGI's board of directors are considered experienced (4.6 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.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Logitech International S.A.
  • Ticker: LOGI
  • Exchange: NasdaqGS
  • Founded: 1981
  • Industry: Technology Hardware, Storage and Peripherals
  • Sector: Tech
  • Market Cap: CHF12.926b
  • Listing Market Cap: CHF14.074b
  • Shares outstanding: 168.75m
  • 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 Analysis2021/10/27 23:00
End of Day Share Price2021/10/27 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.