Financials Logitech International S.A.

Equities

LOGN

CH0025751329

Computer Hardware

Market Closed - Swiss Exchange 11:31:48 2024-06-06 am EDT 5-day change 1st Jan Change
90.74 CHF +1.96% Intraday chart for Logitech International S.A. +4.04% +13.77%

Valuation

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 7,277 17,738 12,457 9,293 13,863 15,608 - -
Enterprise Value (EV) 1 6,562 15,988 11,129 8,144 13,863 14,016 13,775 13,489
P/E ratio 16.4 x 19.1 x 19.8 x 26 x 23.1 x 27.6 x 25.4 x 23.1 x
Yield 1.7% 0.83% 1.3% 2% - 1.18% 1.29% 1.38%
Capitalization / Revenue 2.45 x 3.38 x 2.27 x 2.05 x 3.23 x 3.57 x 3.38 x 3.19 x
EV / Revenue 2.21 x 3.04 x 2.03 x 1.79 x 3.23 x 3.2 x 2.98 x 2.76 x
EV / EBITDA 15.3 x 12.1 x 11.2 x 12.2 x 18.2 x 18.4 x 16.5 x 15.5 x
EV / FCF 17 x 11.6 x 53.2 x 18.4 x - 22.8 x 21.4 x 20.5 x
FCF Yield 5.88% 8.65% 1.88% 5.42% - 4.39% 4.68% 4.87%
Price to Book 4.9 x 7.82 x 5.15 x 4.09 x - 6.42 x 5.69 x 4.99 x
Nbr of stocks (in thousands) 167,305 168,921 166,228 160,304 154,820 153,444 - -
Reference price 2 43.50 105.0 74.94 57.97 89.54 101.7 101.7 101.7
Announcement Date 5/12/20 4/29/21 5/3/22 5/2/23 4/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net sales 1 2,976 5,252 5,481 4,539 4,298 4,374 4,624 4,886
EBITDA 1 430 1,323 992.5 664.8 762.4 761.2 834.1 868.9
EBIT 1 387.1 1,272 904.1 588.5 699.3 655.5 740.2 785
Operating Margin 13.01% 24.22% 16.5% 12.97% 16.27% 14.99% 16.01% 16.07%
Earnings before Tax (EBT) 1 324.3 1,148 775.8 463.5 621.6 650.5 724.4 786.8
Net income 1 449.7 947.3 644.5 364.6 612.1 545.3 603.2 647.9
Net margin 15.11% 18.04% 11.76% 8.03% 14.24% 12.47% 13.04% 13.26%
EPS 2 2.660 5.510 3.780 2.230 3.870 3.686 4.011 4.411
Free Cash Flow 1 385.5 1,382 209.2 441.7 - 614.9 644.6 657.1
FCF margin 12.95% 26.32% 3.82% 9.73% - 14.06% 13.94% 13.45%
FCF Conversion (EBITDA) 89.66% 104.5% 21.08% 66.43% - 80.79% 77.28% 75.63%
FCF Conversion (Net income) 85.72% 145.94% 32.45% 121.14% - 112.77% 106.87% 101.43%
Dividend per Share 2 0.7400 0.8700 0.9715 1.160 - 1.202 1.315 1.405
Announcement Date 5/12/20 4/29/21 5/3/22 5/2/23 4/30/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: März 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3 2025 Q4 2026 Q1
Net sales 1 1,633 1,230 1,160 1,149 1,270 960.1 974.5 1,057 1,255 1,011 1,036 1,106 1,234 1,015 1,124
EBITDA 1 323.9 179.1 164.2 175.1 223.6 101.9 126.8 199.9 263 172.8 172.1 208.7 245.5 166.4 -
EBIT 1 302 156.1 145.6 156.5 204.2 82.29 109.3 183.2 248.2 158.6 143.5 180.9 225.6 144 -
Operating Margin 18.49% 12.69% 12.55% 13.62% 16.08% 8.57% 11.21% 17.33% 19.77% 15.68% 13.84% 16.35% 18.28% 14.18% -
Earnings before Tax (EBT) 1 259.4 131.7 122.6 105.5 182.8 52.69 75.26 167.5 235.1 143.8 126.1 152.8 209.1 141.7 -
Net income 1 210 108.2 100.8 82.09 140.2 41.5 62.73 137.1 244.7 167.6 109 119.6 197.2 128.5 -
Net margin 12.86% 8.8% 8.69% 7.14% 11.04% 4.32% 6.44% 12.97% 19.49% 16.57% 10.52% 10.81% 15.98% 12.65% -
EPS 2 1.240 0.6400 0.6100 0.5000 0.8600 0.2600 0.3900 0.8600 1.550 1.070 0.7079 0.8667 1.265 0.8545 -
Dividend per Share 2 - - - - - - - 1.178 - - 1.150 - - - 1.264
Announcement Date 1/25/22 5/3/22 7/26/22 10/25/22 1/24/23 5/2/23 7/25/23 10/24/23 1/22/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: März 2020 2021 2022 2023 2024 2025 2026 2027
Net Debt 1 - - - - - - - -
Net Cash position 1 716 1,750 1,329 1,149 - 1,592 1,833 2,119
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 386 1,382 209 442 - 615 645 657
ROE (net income / shareholders' equity) 27.4% 58.8% 33.8% 22.6% - 26.1% 25.2% 24.3%
ROA (Net income/ Total Assets) 16.6% 33.9% 19.3% 13.9% - 15.8% 15.5% 15.2%
Assets 1 2,705 2,794 3,342 2,629 - 3,449 3,892 4,265
Book Value Per Share 2 8.870 13.40 14.60 14.20 - 15.80 17.90 20.40
Cash Flow per Share 2 2.510 8.490 1.750 3.260 - 4.520 4.680 5.110
Capex 1 39.5 76.2 89.2 92.4 - 76.9 85.1 87.3
Capex / Sales 1.33% 1.45% 1.63% 2.03% - 1.76% 1.84% 1.79%
Announcement Date 5/12/20 4/29/21 5/3/22 5/2/23 4/30/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
A-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
10
Last Close Price
101.7 USD
Average target price
86.52 USD
Spread / Average Target
-14.94%
Consensus
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