Logitech International SA

Chart & Performance

D1W1MN

P/E

19.78

P/S

2.87

EPS

4.14

Div Yield, %

1.66%

Shrs. gr., 5y

-1.31%

Rev. gr., 5y

8.65%

Revenues

4.30b

-5.30%

Net income

612m

+67.91%

CFO

1.15b

+114.44%

Dividend

Sep 23, 20241.16 CHF/sh

Earnings

Jan 21, 2025

Profile

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people 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, such as ConferenceCams, which combine enterprise-quality audio and high-definition video to bring video conferencing to businesses of any size; webcams and headsets that turn desktop into collaboration space; and controller for video conferencing room solutions. In addition, the company offers portable wireless Bluetooth and Wi-Fi connected speakers, mobile speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers, and home security cameras. Its channel network includes consumer electronics distributors, retailers, e-tailers, mass merchandisers, specialty stores, computer and telecommunications stores, value-added resellers, and online merchants. The company sells its products under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Ultimate Ears, and Jaybird brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.

URL

https://www.logitech.com

IPO date

Sep 24, 2012

Employees

7,400

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2024‑03	2023‑03	2022‑03	2021‑03	2020‑03	2019‑03	2018‑03	2017‑03	2016‑03	2015‑03
Income
Revenues	4,298,467 -5.30%	4,538,818 -17.19%	5,481,101 4.36%
Cost of revenue	3,693,055	4,033,933	4,684,486
Unusual Expense (Income)
NOPBT	605,412	504,885	796,615
NOPBT Margin	14.08%	11.12%	14.53%
Operating Taxes	9,453	98,947	131,305
Tax Rate	1.56%	19.60%	16.48%
NOPAT	595,959	405,938	665,310
Net income	612,143 67.91%	364,575 -43.43%	644,513 -31.96%
Dividends	(182,305)	(165,597)	(158,591)
Dividend yield	1.43%	1.91%	1.34%
Proceeds from repurchase of equity	(504,203)	(418,346)	(382,525)
BB yield	3.95%	4.81%	3.24%
Debt
Debt current	15,107	12,655	13,690
Long-term debt	138,947	129,377	70,104
Deferred revenue		8,277
Other long-term liabilities	223,242	194,725	185,344
Net debt	(1,395,450)	(1,068,527)	(1,316,421)
Cash flow
Cash from operating activities	1,145,116	534,010	298,318
CAPEX	(55,897)	(92,353)	(89,152)
Cash from investing activities	(70,335)	(105,730)	(107,863)
Cash from financing activities	(690,173)	(583,353)	(606,819)
FCF	777,546	400,983	332,821
Balance
Cash	1,520,842	1,149,023	1,328,716
Long term investments	28,662	61,536	71,499
Excess cash	1,334,581	983,618	1,126,160
Stockholders' equity	3,521,465	3,107,446	2,901,706
Invested Capital	1,199,341	1,341,791	1,424,862
ROIC	46.91%	29.35%	61.64%
ROCE	23.89%	21.69%	31.20%
EV
Common stock shares outstanding	158,171	163,704	170,414
Price	80.76 52.09%	53.10 -23.27%	69.20 -30.20%
Market cap	12,773,890 46.95%	8,692,682 -26.29%	11,792,648 -30.75%
EV	11,378,440	7,624,155	10,476,227
EBITDA	690,158	605,601	915,155
EV/EBITDA	16.49	12.59	11.45
Interest			1,246
Interest/NOPBT			0.16%