Loading...
Docoh

Logitech International (LOGI)

Logitech International SA is a holding company, which engages in design, manufacture, and marketing of peripherals for PCs, tablets and other digital platforms. It offers headsets, speakers, mice, keyboards, and webcams. The firm's brand include Logitech, Jaybird, Ultimate Ears, Logitech G, ASTRO Gaming, and Blue Microphones. The company was founded by Daniel Borel, Pierluigi Zappacosta, and Giacamo Marini on October 2, 1981 and is headquartered in Lausanne, Switzerland.

Company profile

Ticker
LOGI
Exchange
CEO
Bracken P. Darrell
Employees
Location
Fiscal year end
Former names
LOGITECH INTERNATIONAL SA
SEC CIK
Subsidiaries
Logitech Argentina S.R.L. • Acessorios de Informatica Ltda. • Logitech de Mexico S.A. de C.V. • Logitech Canada Inc. • Logitech Inc. • Logitech (Streaming Media) Inc. • Logitech (Slim Devices) Inc. • WiLife, Inc. • Ultimate Ears Incorporated • SightSpeed, Inc. ...

LOGI stock data

Analyst ratings and price targets

Last 3 months
Current price
Average target
$57.50
Low target
$45.00
High target
$70.00
Morgan Stanley
Maintains
Underweight
$45.00
27 Jul 22
Citigroup
Maintains
Buy
$70.00
27 Jul 22

Calendar

28 Jul 22
12 Aug 22
31 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.11B 1.11B 1.11B 1.11B 1.11B 1.11B
Cash burn (monthly) 74.02M 32.59M (no burn) (no burn) 11.89M (no burn)
Cash used (since last report) 107.75M 47.44M n/a n/a 17.31M n/a
Cash remaining 998.9M 1.06B n/a n/a 1.09B n/a
Runway (months of cash) 13.5 32.5 n/a n/a 91.6 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Jul 22 Samantha Harnett Registered Shares Payment of exercise Dispose F No No 53.26 1,425 75.9K 17,284
1 Jun 22 Patrick Aebischer Registered Shares Sell Dispose S No No 61.36 10,000 613.6K 12,511
15 May 22 Prakash Arunkundrum Registered Shares Payment of exercise Dispose F No No 59.22 10,100 598.12K 68,757
15 May 22 Prakash Arunkundrum Registered Shares Grant Acquire A No No 0 20,370 0 78,857
15 May 22 Bracken Darrell Registered Shares Payment of exercise Dispose F No No 59.22 90,169 5.34M 911,697
15 May 22 Bracken Darrell Registered Shares Grant Acquire A No No 0 181,864 0 1,001,866
15 May 22 Olmstead Nathan Registered Shares Payment of exercise Dispose F No No 59.22 1,086 64.31K 56,363
33.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 281 286 -1.7%
Opened positions 42 52 -19.2%
Closed positions 47 77 -39.0%
Increased positions 108 90 +20.0%
Reduced positions 83 93 -10.8%
13F shares Current Prev Q Change
Total value 6.8B 5.53B +23.0%
Total shares 57.55M 56.92M +1.1%
Total puts 3.98M 5.46M -27.2%
Total calls 5.34M 8.66M -38.4%
Total put/call ratio 0.7 0.6 +18.2%
Largest owners Shares Value Change
CS Credit Suisse 6.78M $499.94M -6.4%
Capital World Investors 5.21M $386.14M -0.2%
Vanguard 5.14M $379.58M +0.4%
Vontobel Holding 4.74M $365.21M +8.5%
Zurcher Kantonalbank 3.4M $255.96M +11.3%
IVZ Invesco 2.41M $177.81M +24.0%
Pictet Asset Management 2.39M $179.53M +3.9%
UBS UBS Group AG - Registered Shares 1.46M $107.67M -6.3%
DB Deutsche Bank AG - Registered Shares 1.42M $104.86M +8.1%
Amundi 1.21M $86.69M +25.4%
Largest transactions Shares Bought/sold Change
Norges Bank 0 -1.34M EXIT
CMTDF Sumitomo Mitsui Trust 559.02K +559.02K NEW
Renaissance Technologies 576.96K -502.84K -46.6%
IVZ Invesco 2.41M +466.63K +24.0%
CS Credit Suisse 6.78M -465.9K -6.4%
Schroder Investment Management 0 -413.45K EXIT
Vontobel Holding 4.74M +372.46K +8.5%
Zurcher Kantonalbank 3.4M +345.04K +11.3%
HBCYF HSBC 718.25K +274.93K +62.0%
Amundi 1.21M +244.69K +25.4%

Financial report summary

?
Competition
PlantronicsAvaya
Risks
  • If we fail to innovate and develop new products in a timely and cost-effective manner for our new and existing product categories, our business and operating results could be adversely affected.
  • Our future growth will depend on our diversified product growth opportunities, and if we do not successfully execute on our growth opportunities, or if our growth opportunities are more limited than we expect, our operating results could be adversely affected.
  • We purchase key components and products from a limited number of sources, and our business and operating results could be adversely affected if supply were delayed or constrained or if there were shortages of required components.
  • Our principal manufacturing operations and third-party contract manufacturers are located in China and Southeast Asia, which exposes us to risks associated with doing business in that geographic area as well as potential tariffs, adverse tax consequences and pressure to move or diversify our manufacturing locations.
  • If we do not successfully coordinate the worldwide manufacturing and distribution of our products, we could lose sales.
  • If we are not able to maintain and enhance our brands, or if our brands or reputation are damaged, our reputation, business and operating results could be adversely affected.
  • If we do not compete effectively, demand for our products could decline and our business and operating results could be adversely affected.
  • The full effect of the COVID-19 pandemic is still uncertain and cannot be predicted, and could adversely affect our business, results of operations and financial condition.
  • We rely on third parties to sell and distribute our products, and we rely on their information to manage our business. Disruption of our relationship with these channel partners, changes in or issues with their business practices, their failure to provide timely and accurate information, changes in distribution partners, practices or models, conflicts among our channels of distribution, or failure to build and scale our own sales force for certain product categories and enterprise channel partners could adversely affect our business, results of operations, operating cash flows and financial condition.
  • If we do not accurately forecast market demand for our products, our business and operating results could be adversely affected.
  • Our business depends in part on access to third-party platforms or technologies, and if the access is withdrawn, denied, or is not available on terms acceptable to us, or if the platforms or technologies change without notice to us, our business and operating results could be adversely affected.
  • Our success largely depends on our ability to hire, retain, integrate and motivate sufficient numbers of qualified personnel, including senior leadership. Our strategy and our ability to innovate, design and produce new products, sell products, maintain operating margins and control expenses depend on key personnel that may be difficult to replace.
  • Product quality issues could adversely affect our reputation, business and operating results.
  • Risks Related to our Global Operations and Regulatory Environment
  • Adverse global and regional economic and geopolitical conditions can materially adversely affect our business, results of operations and financial condition.
  • We conduct operations in a number of countries and have invested significantly in growing our sales and marketing activities in China, and the effect of business, legal and political risks associated with international operations could adversely affect us.
  • Changes in trade policy and regulations in the United States and other countries, including changes in trade agreements and the imposition of tariffs and the resulting consequences, may have adverse impacts on our business, results of operations and financial condition.
  • Our financial performance is subject to risks associated with fluctuations in currency exchange rates.
  • As a company operating in many markets and jurisdictions, expanding into new growth categories, and engaging in acquisitions, and as a Swiss, dual-listed company, we are subject to risks associated with new, existing and potential future laws and regulations.
  • As a result of changes in tax laws, treaties, rulings, regulations or agreements, or their interpretation, of Switzerland or any other country in which we operate, the loss of a major tax dispute or a successful challenge to our operating structure, intercompany pricing policies or the taxable presence of our key subsidiaries in certain countries, or other factors, our effective income tax rates may increase, which could adversely affect our net income and cash flows.
  • Risks Related to Cyber Security, Privacy, and Intellectual Property
  • Significant disruptions in, or breaches in security of, our websites, or information technology systems, or our products could adversely affect our business.
  • The collection, storage, transmission, use and distribution of user data could give rise to liabilities and additional costs of operation as a result of laws, governmental regulation and risks of data breaches and security incidents.
  • Claims by others that we infringe their proprietary technology could adversely affect our business.
  • We may be unable to protect our proprietary rights. Unauthorized use of our technology may result in the development of products that compete with our products.
  • Risks Related to our Financial Results
  • Our operating results are difficult to predict and fluctuations in results may cause volatility in the price of our shares.
  • Our gross margins can vary significantly depending on multiple factors, which can result in unanticipated fluctuations in our operating results.
  • We cannot ensure that our current share repurchase program will be fully utilized or that it will enhance long-term shareholder value. Share repurchases may also increase the volatility of the trading price of our shares. We similarly cannot ensure that we will continue to increase our dividend payments or to pay dividends at all. Share repurchases and dividends diminish our cash reserves.
Management Discussion
  • ITEM 2.   MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
  • This Quarterly Report on Form 10-Q contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on beliefs of our management as of the filing date of this Quarterly Report on Form 10-Q. These forward-looking statements include, among other things, statements related to:
  • •The impact of global and regional events, such as the coronavirus ("COVID-19") pandemic, inflation and the war in Ukraine, and any associated economic downturn and impacts to our business and future operating and financial performance.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Absent, acute, adding, Agency, alliance, armed, attrition, began, burnout, climate, Codification, constantly, coupled, Cybersecurity, deductibility, desktop, divestiture, downturn, facility, fragmentation, fragmented, geopolitical, halted, inflationary, instant, invasion, lockdown, marking, massive, military, Overview, promptly, push, reduction, refugee, Russian, Shanghai, sharp, softened, sparked, stakeholder, Sterling, Synnex, talent, TD, territory, turn, Ukrainian
Removed: acceleration, accept, actively, agreed, allocating, attempted, attributed, Bar, BOOM, Brexit, brio, British, broadcasting, building, calculate, calculating, care, Circle, clear, closed, closure, composition, conducting, connecting, consume, continued, corded, curtailed, define, determine, differentiated, diverse, divested, Doorbell, earn, efficiency, ensuring, erratic, escrow, everyday, evolved, exacerbated, execution, exercise, expired, explore, family, Folio, gaining, grant, group, guidance, inaccurate, inclusion, incomplete, indeterminate, Inducement, inform, input, interoperability, intraperiod, introduced, issuance, Lifesize, maturing, mid, multitude, OEM, permitted, Peso, phase, phased, prevalent, prioritization, projected, prospective, purpose, quarantined, Rally, rating, recognizing, recoverability, recreational, refreshing, renewed, score, seller, separate, Simplifying, solution, state, sustain, sustainability, Taiwanese, Thailand, threshold, titled, trackball, traction, transferred, UE, unaddressed, unamortized, unclear, underscored, universal, VC, vesting, view, voting, WONDERBOOM