Company Valuation: Logitech International S.A.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 17,769 12,491 9,327 13,882 12,477 15,023 - -
Change - -29.7% -25.33% 48.84% -10.12% 20.41% - -
Enterprise Value (EV) 1 16,019 11,162 8,178 12,361 10,974 11,482 13,444 13,314
Change - -30.32% -26.74% 51.15% -11.23% 4.64% 0.58% -0.96%
P/E ratio 19.1x 19.9x 26.1x 23.2x 20.2x 18.8x 21.2x 19.2x
PBR 7.83x 5.16x 4.11x 6.18x 4.81x 5.85x 6.12x 5.28x
PEG - -0.6x -0.6x 0.3x 3.01x 1.2x 5.82x 1.9x
Capitalization / Revenue 3.38x 2.28x 2.05x 3.23x 2.74x 2.73x 2.99x 2.87x
EV / Revenue 3.05x 2.04x 1.8x 2.88x 2.41x 2.37x 2.68x 2.55x
EV / EBITDA 12.1x 11.2x 12.3x 16.2x 13.2x 13.5x 15.5x 14.3x
EV / EBIT 12.6x 12.3x 13.9x 17.7x 14.2x 12.6x 15x 14.3x
EV / FCF 11.6x 53.4x 18.5x 11.3x 14x 11.8x 16.4x 14.8x
FCF Yield 8.63% 1.87% 5.4% 8.81% 7.17% 8.5% 6.09% 6.74%
Dividend per Share 2 0.87 0.9715 1.16 1.28 1.43 1.565 1.638 1.746
Rate of return 0.83% 1.29% 1.99% 1.43% 1.71% 1.5% 1.56% 1.67%
EPS 2 5.51 3.78 2.23 3.87 4.13 4.8 4.94 5.452
Distribution rate 15.8% 25.7% 52% 33.1% 34.6% 32.8% 33.2% 32%
Net sales 1 5,252 5,481 4,539 4,298 4,555 4,841 5,016 5,227
EBITDA 1 1,323 992.5 664.8 762.4 834.3 852.6 868.2 931.8
EBIT 1 1,272 904.1 588.5 699.3 774.6 910.8 897 931.8
Net income 1 947.3 644.5 364.6 612.1 631.5 711.2 720.7 770.2
Net Debt 1 -1,750 -1,329 -1,149 -1,521 -1,503 -1,742 -1,580 -1,709
Reference price 2 105.19 75.14 58.18 89.67 83.62 104.69 104.69 104.69
Nbr of stocks (in thousands) 168,921 166,228 160,304 154,820 149,200 143,502 - -
Announcement Date 29/04/21 03/05/22 02/05/23 30/04/24 29/04/25 05/05/26 - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
21.96x2.76x15.55x1.5% 15.02B
56.56x13.96x38.19x0.39% 166B
21.3x1.22x11.68x1.03% 155B
32.32x1.46x8.76x1.72% 43.79B
25.94x4.04x15.54x1.59% 29.93B
51.23x - - 0.42% 21.21B
12.41x0.22x4.29x3.22% 20.01B
71.07x - - 0.13% 19.37B
8.54x0.44x5.57x5.74% 19.13B
16.93x0.29x8.95x0.85% 18.32B
Average 31.83x 3.05x 13.57x 1.66% 50.75B
Weighted average by Cap. 36.25x 5.89x 20.53x 1.13%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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