Forecast

Financial forecast

Project revenue, EBITDA, net income and free cash flow for the next 5 or 10 years. Growth starts at the same rate the valuation uses and fades to the long-run rate, with margins held at today's level. Bear and bull cases move growth by the company's own revenue volatility. It is a model of what the assumptions imply, not a prediction.

Logitech International S.A. (LOGN.SW)

Price updated 06 Nov 2026 09:56; TTM through 30 Sep 2026; TTM financials updated 06 Nov 2026 12:49.

Starts from TTM through 30 Sep 2026 financials in CHF and a share price of CHF 80.20. Growth begins at 5.2% a year (the valuation's blended assumption) and fades to 3.3% by year 10. Margins held at EBITDA 19.6%, net 16.3%, free cash flow 19.3% of revenue. Bear and bull move starting growth by 6.0 points and long-run growth by 1 point.

Year 1 uses analyst consensus revenue growth (5.0%); year 2 is halfway back to the model's own path.
CHF 81.53Model fair value (Free-cash-flow DCF); range CHF 64.19 to CHF 110.40
2%Fair value vs today's price
LowModel confidence
25%Share of the gap to fair value the price closes by year 5

Confidence: Earnings-based DCF is somewhat apart; trailing-twelve-month data; profit and cash flow steady for 3 years; value is more than 1.5x the Earnings-based DCF value.

5.5%/yrModel-implied annual total return over 10 years, base case (price plus dividends). Raw model level; the screener shows a calibrated ranking instead
CHF 6.09BRevenue in year 10 (base)
CHF 996.01MNet income in year 10 (base)
CHF 1.18BFree cash flow in year 10 (base)
CHF 1.90Dividend per share in year 10 (base)
CHF 121.37Implied share price in year 10 (base), today CHF 80.20
10.2%Year-10 free cash flow per share vs today's price

Free cash flow over time

CHF 0 CHF 409.13M CHF 818.26M CHF 1.23B CHF 1.64B FY2023 FY2024 FY2025 FY2026 TTM through 30 Sep 2026 +1 +2 +3 +4 +5 +6 +7 +8 +9 +10
Solid: reported Dashed: base projection Shaded: bear to bull range
Free cash flow in year 10 by scenario
CaseStarting growthYear 10Annual growth
Bear -1.0% CHF 832.52M 0.7%
Base 5.0% CHF 1.18B 4.2%
Bull 11.0% CHF 1.64B 7.7%

Base case by year

YearGrowthRevenueEBITDANet incomeFree cash flowEPSFCF / shareDividend / shareBook / shareImplied price
TTM through 30 Sep 2026– CHF 4.04BCHF 791.39MCHF 660.89MCHF 779.87M 4.605.421.2612.3780.20
Year 15.0% CHF 4.25BCHF 830.80MCHF 693.80MCHF 818.71M 4.835.691.3215.8784.26
Year 25.0% CHF 4.46BCHF 872.04MCHF 728.24MCHF 859.35M 5.075.981.3919.5588.52
Year 34.7% CHF 4.67BCHF 913.34MCHF 762.73MCHF 900.05M 5.316.261.4523.4092.79
Year 44.5% CHF 4.88BCHF 954.65MCHF 797.23MCHF 940.76M 5.556.541.5227.4397.07
Year 54.3% CHF 5.09BCHF 995.81MCHF 831.60MCHF 981.31M 5.786.831.5931.62101.33
Year 64.1% CHF 5.30BCHF 1.04BCHF 865.68MCHF 1.02B 6.027.111.6536.00105.49
Year 73.9% CHF 5.50BCHF 1.08BCHF 899.33MCHF 1.06B 6.267.381.7140.54109.59
Year 83.7% CHF 5.71BCHF 1.12BCHF 932.37MCHF 1.10B 6.497.651.7845.24113.61
Year 93.5% CHF 5.90BCHF 1.16BCHF 964.66MCHF 1.14B 6.717.921.8450.11117.55
Year 103.3% CHF 6.09BCHF 1.19BCHF 996.01MCHF 1.18B 6.938.181.9055.14121.37

EPS and free cash flow per share assume today's share count. Dividends assume today's payout ratio and book value grows with retained earnings. The implied share price follows the valuation models and is not a price target; override growth settings do not change the model fair value. Margins stay at today's level except where the notes say they drift toward their average, so it does not model margin expansion, buybacks, acquisitions or recessions. It is for information and education only and is not investment advice. See the methodology for how the growth rate is blended.