Logitech International S.A. - Registered Shares (LOGI)
Fair ValueFundamental
74
मूल्य
$102.60
मार्केट कैप
$14.26B
भाग 1 · कंपनी का मूल्य कितना है
अवलोकन
Logitech designs the peripherals people use to interact with computers and screens: mice, keyboards, webcams, headsets and the cameras and microphones used for video calls, sold under its own brand and under Blue and Astro for audio and gaming. It designs the products and contracts with outside factories to build them, then sells through retailers and distributors rather than directly to most buyers.
यह पैसा कैसे कमाती है
Revenue comes from one-time hardware sales rather than subscriptions: Logitech books a sale when a retailer or distributor takes delivery of a product, and a large share of retail demand is concentrated in a few weeks at the end of each quarter, which makes results harder to predict. Margins depend on component and manufacturing costs set mostly in China and Southeast Asia, so currency and tariff shifts flow fairly directly into profitability.
सेगमेंट के अनुसार राजस्व
Mice, keyboards, headsets and controllers built for PC and console gamers, sold under Logitech G and Astro.
Keyboards sold alone or bundled with a mouse, for home and office use.
Mice and trackballs sold on their own, one of Logitech's oldest and most established product lines.
Cameras, room systems and audio devices used for video conferencing in offices and meeting rooms.
Standalone webcams for personal video calls and streaming.
Keyboards, cases and styluses designed for tablets.
Headsets for calls and music sold outside the Gaming line, including the Blue microphone brand.
Mainly mobile and PC speakers, a small residual category.
प्रतिस्पर्धी बढ़त (Moat)
ब्रांड · संकीर्णLogitech's brand and retail shelf presence give it an edge in getting new products stocked and noticed, and its scale helps negotiate component costs. Neither advantage is very durable: peripherals are a category where features and price are easy for a shopper to compare, and lower-cost competitors regularly match core functionality.
मांग को क्या चलाता है
चक्रीयPurchases of mice, keyboards and gaming gear are discretionary and tied to consumer and corporate IT spending, which softens in a downturn. Video-collaboration hardware adds a business-spending dimension that can move with corporate budgets rather than consumer demand.
प्रमुख जोखिम
- Reliance on major retail and distribution partners — A large share of sales runs through a small number of major distributors and retailers, including Amazon, so a change in one partner's buying or stocking decisions can move results meaningfully.
- Concentrated manufacturing in Asia — Principal manufacturing and contract manufacturers are located in China and Southeast Asia, exposing the company to tariffs, trade regulation changes and other risks tied to that region.
- Component supply and cost — Key components are sourced from a limited number of suppliers; shortages or price increases can constrain production or compress gross margin.
- Seasonal concentration of sales — A significant portion of quarterly retail sales occurs in the final weeks of each quarter, making revenue harder to forecast and more sensitive to late-quarter demand shifts.
खरीदने के पक्ष में तर्क
Buyers argue that Gaming and Video Collaboration are growing faster than Logitech's older categories and carry better margins, that scale and brand recognition help fund a steady stream of new products, and that hybrid work keeps demand for video-conferencing hardware structurally higher than before.
बेचने के पक्ष में तर्क
Sellers fear that PC peripherals are an easily commoditized category where lower-cost rivals can match core features, that heavy reliance on a handful of large retail partners concentrates negotiating power on the customer side, and that tariffs or supply disruptions tied to Asian manufacturing can compress margins with little warning.
Written by the editors, published on 18 अगस्त 2026
Direct competitors
Who this company fights with for the same customers
Generated on 19 सितंबर 2026 with claude-haiku-4-5 — shared with all users
HP competes with Logitech on several fronts at once: HyperX in gaming peripherals, Poly in meeting-room video and business headsets, plus its own keyboards, mice and webcams.
Apple sells first-party keyboards, pointing devices, tablet accessories and earbuds to the same Mac and iPad owners Logitech designs many of its products for.
Razer sells gaming mice, keyboards, headsets, webcams and streaming microphones to the same PC gamers and content creators Logitech targets with its G and Blue brands.
Corsair competes head-on in gaming peripherals and creator streaming gear sold through the same retail and e-commerce channels.
Through Jabra it competes for the same enterprise video-conferencing and headset budgets, and through SteelSeries for the same gaming-peripheral buyers.
बैलेंस शीट और तरलता
राजस्व
$4.92B
पिछले 12 महीने (30/6/2026 तक)
शुद्ध आय
$801M
पिछले 12 महीने (30/6/2026 तक)
Free Cash Flow
$976M
कुल इक्विटी
$2.21B
कुल देनदारियाँ
$1.64B
Current Ratio
2.31
Interest Coverage
-
Debt/EBITDA
0.09
Earnings Per Share
राजस्व और शुद्ध आय
Free Cash Flow
आय विवरण
ऐतिहासिक विवरण
समय के साथ मार्जिन
समय के साथ ऋण
ऋण कितना भारी है
वृद्धि तालिका
वृद्धि — राजस्व
Fair Value अनुमान
Fair Value
$112.76
वर्तमान मूल्य
$102.60
Margin of Safety
+9.0%
Fair Value सीमा
$73.30 - $152.23
इस्तेमाल किए गए valuation methods के बीच का फैलाव, कोई सांख्यिकीय रूप से calibrated confidence interval नहीं।
अनुमान विधियाँ
मूल्यांकन मेट्रिक्स
P/E Ratio
18.53
ROE
32.2%
P/B Ratio
6.15
P/FCF
14.22
Gross Margin
45.1%
ROIC
25.7%
लाभप्रदता Radar
मूल्य सृजन (प्रतिस्पर्धी बढ़त)
ROIC
25.7%
WACC
8.0%
ROIC − WACC
+17.7 pp
ROIC पूंजी की लागत से अधिक है — कंपनी शेयरधारकों के लिए मूल्य सृजित कर रही है।
Fundamental विश्लेषण मानदंड
पास (20)
- EPS shows upward trend
- EPS CAGR 13.12%
- Price CAGR 15.50%
- ROIC 25.7%
- Gross Margin 45.1%
- P/FCF 14.22
- Debt/Equity ratio
- Operating Margin 17.7%
- Positive Free Cash Flow
- CapEx intensity
- Current Ratio
- Debt/EBITDA
- Return on Tangible Assets
- ROE 35.7%
- Analyst Consensus 58% Buy
- Earnings Surprise avg 23.4%
- Earnings Quality (OCF/NI) 1.35
- Share Dilution -3.1%
- Net Margin Trend 16.3% vs 13.8%
- Piotroski F-Score 6/9
फेल (5)
- P/B Ratio 6.15
- Low reliance on intangibles
- Price below Graham Number
- DCF valuation (Overvalued)
- Revenue Growth 5Y -1.6%
अनुपलब्ध (3)
- Dividend Payout NaN%
- Interest Coverage
- PEG Ratio (need PE > 0 and growth > 0)
Piotroski F-Score
मिश्रित संकेत: कुछ क्षेत्रों पर ध्यान देना आवश्यक
Earnings गुणवत्ता
उच्च गुणवत्ता: earnings नकदी द्वारा समर्थित
शेयर Dilution
शेयर वापस खरीद रही है। शेयरधारक अनुकूल
संस्थागत होल्डिंग
इस कंपनी के लिए कोई संस्थागत घोषणा उपलब्ध नहीं है।
प्रशासन
कार्यकारी टीम
| नाम | पद | आयु |
|---|---|---|
| Ms. Johanna W. Faber | CEO & Director | 56 |
| Mr. Matteo Anversa | Chief Financial Officer | 54 |
| Ms. Samantha E. Harnett J.D. | Chief Legal Officer & Secretary | 49 |
| Mr. Sree Chenincherry | Head of Operations | - |
| Ms. Meeta Sunderwala | VP & Chief Accounting Officer | 54 |
| Nate Melihercik | Head of Global Investor Relations | - |
| Dr. Bruno Rodriguez | Head of Corporate Communications | - |
| Ms. Malin Leschly | Chief Design Officer | - |
| Mr. Jay Wilder | Chief Digital Officer | - |
| Mr. Manoj Sahay | Head of India | - |
Audit जोखिम
1
बोर्ड जोखिम
1
मुआवजा जोखिम
1
शेयरधारक अधिकार जोखिम
1
भाग 2 · कीमत और खरीदने का समय
यह हिस्सा यह नहीं बताता कि कंपनी अच्छी है या नहीं: यह तय करने में मदद करता है कि उसे कब खरीदें, जब फंडामेंटल आपको आश्वस्त कर चुके हों। इसमें: तकनीकी विश्लेषण, संभावना, ऐतिहासिक गिरावट, गामा एक्सपोज़र।
दस्तावेज़
- दस्तावेज़ देखें
वार्षिक रिपोर्ट (10-K)
कंपनी के कारोबार, वित्तीय नतीजों और जोखिमों का वार्षिक सिंहावलोकन।
दाखिल तिथि: 2026-05-21
- दस्तावेज़ देखें
तिमाही रिपोर्ट (10-Q)
पिछले तीन महीनों के वित्तीय प्रदर्शन का अपडेट।
दाखिल तिथि: 2026-07-29
- दस्तावेज़ देखें
विशेष रिपोर्ट (8-K)
किसी बड़ी घटना, जैसे नेतृत्व में बदलाव या बड़ी घोषणा, की सूचना।
दाखिल तिथि: 2026-09-10
via SEC EDGAR
आय का इतिहास
via SEC EDGAR
Latest News
Recent headlines for LOGI, sourced from Markets Gazette.