Logitech International S.A.
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, and gaming worldwide. The company offers products for gamers and streamers, including mice, steering wheels, headsets, keyboards, c…
Logitech International S.A., through its subsidiaries, designs, manufactures, and markets software-enabled hardware solutions that connect people to working, creating, and gaming worldwide. The company offers products for gamers and streamers, including mice, steering wheels, headsets, keyboards, console gaming headsets, microphones, and streaming services; corded and cordless keyboards and keyboard-and-mouse combinations; pointing devices, such as wireless mouse; conference room cameras, such as ConferenceCams; controllers for video conferencing room solutions; webcams, including streaming cameras; tablet accessories that includes tablet keyboards; headsets, including in-ear headphones and premium wireless earbuds; and mobile speakers and PC speakers, as well as portable wireless Bluetooth speakers. It sells its products to retailers, large and small businesses, end consumers, and e-tailers who resell to retailers, value-added resellers, systems integrators, and other distributors. The company sells its products under the Logitech and Logitech G brand names. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF disagrees strongly.
Other models: CHF 49.54–77.16 (median 66.81). The recommended value is in line with them.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Details and the full model are below.
Market price within modeled range
Free-cash-flow DCF using Fiscal year 2026 reported free cash flow, with cash, debt, and shares from the latest report. Base assumptions are 5.16% growth, 3.25% terminal growth, and 11.5% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is not a statistical confidence interval or investment advice.
Assumptions: growth 5.16%, discount rate 11.50%, terminal growth 3.25% (sector defaults). See a worked example.
Blended growth assumption: 5.2% (sector default 8.5%, own revenue history 2.2%, analyst revenue consensus 5.0%).
Analyst consensus expects revenue growth of 5.0% a year; the growth assumption used is 5.2%.
Adjust assumptions
Why this model: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — CHF 82.77 (+3.2%)
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EPS-based Gordon proxy
— CHF 49.54 (-38.2%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— CHF 82.77 (+3.2%)
Not used: Not chosen: Free-cash-flow DCF ranks ahead of it for this company.
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FCFF (steady state)
— CHF 77.16 (-3.8%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— CHF 66.81 (-16.7%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— CHF 82.54 (+2.9%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— CHF 133.02 (+65.9%)
Not used: Used only when cash-flow models land far below the price; here they do not.
| Bear CHF 65.41 | -22.6% |
| Base CHF 82.77 | 3.1% |
| Bull CHF 111.68 | 28.2% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At CHF 80.20 the market implies about this annual free-cash-flow growth for 5 years (terminal 3.3%, discount 11.5%).
Compare: the market implies 4.3% a year, this model assumes 5.2%. The model is more optimistic than the price, which is why it reads as undervalued.
How the Free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
| Growth \ Discount | 9.5% | 10.5% | 11.5% | 12.5% | 13.5% |
|---|---|---|---|---|---|
| 1.2% | 91.11 | 79.93 | 71.45 | 64.80 | 59.45 |
| 3.2% | 98.56 | 86.24 | 76.91 | 69.59 | 63.70 |
| 5.2% | 106.58 | 93.03 | 82.77 | 74.74 | 68.27 |
| 7.2% | 115.19 | 100.32 | 89.07 | 80.25 | 73.17 |
| 9.2% | 124.43 | 108.14 | 95.81 | 86.16 | 78.41 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 82 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +1.8% a year | 12 / 20 |
| Balance sheet | net cash | 20 / 20 |
| Margins | EBITDA margin 20% | 10 / 20 |
Peers in Information Technology
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| LOGN.SW (this company) | CHF 80.20 | 3.1% | 20.3 | – | 1.6% | 82 |
| SMCI Supermicro | USD 27.08 | 50.8% | 8.5 | 1.3 | – | 68 |
| SNDK Sandisk | USD 806.43 | 44.1% | 6.4 | 6.8 | – | 76 |
| ADBE Adobe Inc. | USD 246.44 | 42.5% | 13.4 | 8.3 | – | 100 |
| IT Gartner | USD 198.07 | 35.7% | 13.3 | – | – | 92 |
| INTU Intuit | USD 354.84 | 31.9% | 21.1 | 5.1 | 1.4% | 100 |
| HPQ HP Inc. | USD 29.44 | 31.6% | 11.1 | – | 4.0% | 64 |
| GIB-A.TO CGI Inc. | CAD 115.51 | 26.9% | 13.9 | 2.4 | 0.6% | 90 |
| FSLR First Solar | USD 195.76 | 25.9% | 11.3 | 1.9 | – | 84 |
| Peer median | 12.3 | 3.7 | ||||
Dividends
Paid in the last 12 months: CHF 1.36 per share · yield 1.70% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 1.360 |
| 2025 | 1.260 |
| 2024 | 1.160 |
| 2023 | 1.060 |
| 2022 | 0.962 |
| 2021 | 0.875 |
Annual financial statement
Saved annual report · Fiscal year 2026 · Yahoo Finance annual statements · period ended 31 Mar 2026 , annual figures reported by Yahoo Finance
| Revenue | CHF 3,993,143,487 |
|---|---|
| EBITDA | CHF 711,482,802 |
| EBIT | CHF 647,591,002 |
| Net income | CHF 586,658,118 |
| Free cash flow | CHF 804,809,508 |
| Capital expenditures | CHF -50,782,490 |
| Debt | CHF 72,719,055 |
| Cash | CHF 1,436,601,201 |
| Working capital | CHF 1,321,723,160 |
| Shares outstanding | 148,208,000 |
| Reported dividends per share | CHF 1.2600 |