Logitech (LOGN) AI Stock Analysis

• Market Cap: $10.99B
• Dividend Yield: 1.57%
• Average Volume (3M): 519.30K
• Price to Earnings (P/E): 20.1
• Beta (1Y): 1.46
• Revenue Growth: 5.97%
• EPS Growth: 6.79%
• Country: CH
• Employees: 7,300
• Sector: Technology
• Sector Strength: 87
• Industry: Computer Hardware
• EPS (TTM): 0.74
• Shares Outstanding: 168,994,140
• 10 Day Avg. Volume: 534,325
• 30 Day Avg. Volume: 519,300
• PEG Ratio: -4.03
• Price to Book (P/B): 5.98
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 15.80
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 0.61
• Enterprise Value/Gross Profit: 5.79
• Enterprise Value/Ebitda: 3.65
• 1Y Price Target: $71.03
• Price Target Upside: -3.09% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 12

• Rating: 74 Outperform
• Price Target: CHF79.00 ▲(7.78%Upside)

Logitech's overall stock score reflects strong financial performance and a positive outlook based on recent earnings results. The company's strategic focus on innovation and B2B growth, coupled with operational excellence, provides confidence despite challenges from tariffs and macroeconomic uncertainties. Technical indicators suggest cautious optimism, while valuation metrics indicate fair pricing.

Positive Factors

Financial Flexibility

Logitech has $10 per share in cash and no debt, providing flexibility for growth through potential acquisitions and investments.

Gaming Sector Growth

The company has a significant growth opportunity in the gaming sector, driven by increasing demand for gaming peripherals.

Manufacturing Strategy

Logitech delivered a convincing message on their ability to adapt to the current tariff environment with their 'China+5' manufacturing strategy.

Negative Factors

Consumer Demand

Logitech has hiked product prices in the US by an average of 10%, potentially a headwind to consumer demand.

Macroeconomic Uncertainties

Considerable macroeconomic uncertainties and tariff risks justify a discount to the historical median multiple.

Revenue and Margin Challenges

Lowered revenue and gross margin assumptions due to tariff impacts lead to a reduction in EPS estimates.

Logitech Business Overview & Revenue Model

Company Description

Logitech International S.A., through its subsidiaries, designs, manufactures, and markets products that connect people to digital and cloud experiences worldwide. The company offers pointing devices, such as wireless mouse; corded and cordless keyboards, living room keyboards, and keyboard-and-mouse combinations; PC webcams; and keyboards for tablets and smartphones, as well as other accessories for mobile devices. It also provides keyboards, mice, headsets, and simulation products, such as steering wheels and flight sticks for gamers; video conferencing products, such as ConferenceCams, which combine enterprise-quality audio and high-definition video to bring video conferencing to businesses of any size; webcams and headsets that turn desktop into collaboration space; and controller for video conferencing room solutions. In addition, the company offers portable wireless Bluetooth and Wi-Fi connected speakers, mobile speakers, PC speakers, PC headsets, microphones, in-ear headphones, and wireless audio wearables; home entertainment controllers, and home security cameras. Its channel network includes consumer electronics distributors, retailers, e-tailers, mass merchandisers, specialty stores, computer and telecommunications stores, value-added resellers, and online merchants. The company sells its products under the Logitech, Logitech G, ASTRO Gaming, Streamlabs, Blue Microphones, Ultimate Ears, and Jaybird brands. Logitech International S.A. was incorporated in 1981 and is headquartered in Lausanne, Switzerland.

How the Company Makes Money

Logitech makes money primarily through the sale of its diverse range of innovative hardware products. The company's revenue streams are divided into several key categories: PC peripherals (keyboards, mice, and webcams), gaming products, video collaboration tools, and music and smart home devices. Logitech's gaming division, including the popular Logitech G brand, contributes significantly to its income by offering high-performance gaming mice, keyboards, and headsets. The video collaboration segment also plays a crucial role, providing conferencing solutions for businesses. Additionally, strategic partnerships with leading technology companies and a strong distribution network across retail and online channels support Logitech's earnings.

Logitech Financial Statement Overview

Summary

Logitech shows consistent revenue growth and strong profitability margins. The balance sheet is robust with low leverage, and cash flows are efficiently managed despite a decline in operating cash flow. Overall, Logitech is financially well-positioned but should focus on improving operational efficiency and cash flow generation.

Income Statement

Logitech shows steady revenue growth with a 5.97% increase from 2024 to 2025. The gross profit margin remains strong at 43.09% in 2025, indicating effective cost management. Net profit margin is healthy at 13.87%, illustrating profitability. However, EBIT and EBITDA margins have slightly decreased over the years, suggesting increased operational costs or competitive pressures.

Balance Sheet

The company's balance sheet is robust with a low debt-to-equity ratio of 0.04, signaling low leverage and financial stability. Return on Equity (ROE) is strong at 29.69%, showing effective utilization of equity for generating profits. The equity ratio of 60.13% indicates a solid equity base. However, cash reserves slightly decreased, which should be monitored.

Cash Flow

Logitech has shown a decline in operating cash flow but maintains a strong free cash flow, showing efficient capital expenditure management. The operating cash flow to net income ratio is positive at 1.33, indicating good cash generation from operations. The free cash flow to net income ratio is 1.24, suggesting strong cash flow relative to profits. However, the decline in operating cash flow is a concern.

Breakdown	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	4.55B	4.30B	4.54B	5.48B	5.25B
Gross Profit	1.96B	1.79B	1.72B	2.26B	2.34B
EBITDA	744.23M	681.97M	598.95M	902.84M	1.24B
Net Income	631.53M	612.14M	364.57M	644.51M	947.26M
Balance Sheet
Total Assets	3.54B	3.60B	3.56B	4.04B	4.14B
Cash, Cash Equivalents and Short-Term Investments	1.50B	1.52B	1.15B	1.33B	1.75B
Total Debt	92.40M	77.03M	71.02M	41.90M	34.42M
Total Liabilities	1.41B	1.37B	1.30B	1.64B	1.88B
Stockholders Equity	2.13B	2.23B	2.26B	2.40B	2.26B
Cash Flow
Free Cash Flow	786.43M	1.09B	441.66M	209.17M	1.38B
Operating Cash Flow	842.56M	1.15B	534.01M	298.32M	1.46B
Investing Cash Flow	-57.27M	-70.33M	-105.73M	-107.86M	-119.98M
Financing Cash Flow	-797.36M	-690.17M	-583.35M	-606.82M	-299.93M

Logitech Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 73.30
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:LOGN, the sentiment is Positive. The current price of 73.3 is above the 20-day moving average (MA) of 70.86, above the 50-day MA of 68.97, and below the 200-day MA of 74.78, indicating a neutral trend. The MACD of 0.88 indicates Negative momentum. The RSI at 62.87 is Neutral, neither overbought nor oversold. The STOCH value of 95.79 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:LOGN.

Logitech Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LOGN	74 Outperform	$10.99B	20.08	28.96%	1.57%	5.97%	6.79%
Sector *	63 Neutral	$34.04B	6.14	-11.52%	1.82%	5.53%	-18.79%
AUKUF		$1.43B	―	-13.29%	―	―	―
KDCXF		$98.22M	5.65	-52.12%	―	―	―
UBLXF		$923.15M	―	-24.38%	1.00%	―	―
SWON		CHF1.59B	―		3.27%	―	―