Skip to Content

Logitech International SA LOGI

Morningstar Rating
$88.77 −1.17 (1.30%)
View Full Chart
Unlock our analysis with Morningstar Investor

Company Report

Logitech Earnings: Investors Mark Down Shares on Cautious Fiscal 2025 Outlook

No-moat Logitech reported strong fiscal third-quarter numbers, with sales broadly in line but gross/operating profits and margins handily beating the FactSet consensus. Furthermore, fiscal 2024 guidance was raised above consensus expectations for non-GAAP operating income. Despite the surprisingly positive results, shares were down around 10% intraday. We surmise the markdown was due to Logitech’s cautious comments on fiscal 2025. While not providing specific numbers, commentary implied minimal growth with high macroeconomic uncertainty in fiscal 2025, while consensus was looking for a solid 5% increase going into the quarter. In contrast to the market, we’re raising our fair value estimate 9% to $60 (CHF 52.50) as our near-term estimates have proven to be too conservative. At current levels, we still think the shares are overvalued.

Price vs Fair Value

LOGI is trading within a range we consider fairly valued.
Price
$89.94
Fair Value
$54.00
Uncertainty
High
1-Star Price
$52.00
5-Star Price
$25.00
Economic Moat
Ltrc
Capital Allocation
Ygxjshcm

Bulls Say, Bears Say

Bulls

Logitech dominates some categories such as pointing devices and webcams, with more than 50% market share.

Bears

The gaming market has several focused competitors with meaningful market share that will likely lead to intensifying competition in the future.

Is it the right time to buy, sell, or hold?
Start a free trial of Morningstar Investor to unlock exclusive ratings and continuous analyst coverage to help you decide if LOGI is a good fit for your portfolio.

News

Trading Information

Previous Close Price
$89.94
Day Range
$88.2789.82
52-Week Range
$50.2696.66
Bid/Ask
$88.77 / $88.69
Market Cap
$13.74 Bil
Volume/Avg
380,334 / 337,908

Key Statistics

Price/Earnings (Normalized)
23.55
Price/Sales
3.33
Dividend Yield (Trailing)
1.30%
Dividend Yield (Forward)
1.42%
Total Yield
4.68%

Company Profile

Logitech was founded in 1981 and is headquartered in Lausanne, Switzerland. The company specializes in designing and manufacturing computer peripherals such as mice, keyboards, webcams, conference room cameras, headsets, and music-related products such as wireless speakers.
Sector
Technology
Industry
Computer Hardware
Stock Style Box
Mid Core
Total Number of Employees
7,400

Competitors

Valuation

Metric
LOGI
CSCO
HPE
Price/Earnings (Normalized)
23.5511.666.88
Price/Book Value
6.284.210.90
Price/Sales
3.333.430.67
Price/Cash Flow
21.2512.173.58
Price/Earnings
LOGI
CSCO
HPE

Financial Strength

Metric
LOGI
CSCO
HPE
Quick Ratio
1.791.100.52
Current Ratio
2.241.370.87
Interest Coverage
33.7615.29
Quick Ratio
LOGI
CSCO
HPE

Profitability

Metric
LOGI
CSCO
HPE
Return on Assets (Normalized)
16.80%17.02%5.02%
Return on Equity (Normalized)
27.20%38.38%13.88%
Return on Invested Capital (Normalized)
24.57%30.59%8.80%
Return on Assets
LOGI
CSCO
HPE
See how this stock stacks up to its competitors with Morningstar Investor

Computer Hardware Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Economic Moat
Market Cap
ANET
Arista Networks IncMfkw$85.0 Bil
DELL
Dell Technologies Inc Ordinary Shares - Class CGqzyg$65.9 Bil
SMCI
Super Micro Computer IncLywjqn$45.7 Bil
CAJFF
Canon IncGbfg$28.7 Bil
CAJPY
Canon Inc ADRRwq$28.7 Bil
HPQ
HP IncRxvp$28.2 Bil
STX
Seagate Technology Holdings PLCDwl$19.2 Bil
WDC
Western Digital CorpDljvd$18.7 Bil
NTAP
NetApp IncGfy$18.0 Bil

Sponsor Center