Discounted Cash Flow

Logitech International S.A.

LOGI · Based on 10 years of SEC filings · Converted from CHF to USD

⚠ Cash flow predictability 60/100 (moderate) — FCF YoY std dev 61%, net income 46% (full history)

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income
Dividends

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2017 $2.8b $255.1m $305.9m 9.3% $1.27
2018 $3.2b (15.6%) $258.4m (1.3%) $379.8m (24.1%) 8.1% (-12.3%) $1.27 (0.0%)
2019 $3.5b (8.6%) $319.1m (23.5%) $333.6m (-12.2%) 9.2% (13.7%) $1.56 (22.8%)
2020 $3.7b (6.7%) $557.2m (74.6%) $477.7m (43.2%) 15.1% (63.6%) $2.70 (73.1%)
2021 $6.5b (76.5%) $1.2b (110.6%) $1.7b (258.6%) 18.0% (19.3%) $5.62 (108.1%)
2022 $6.8b (4.4%) $798.6m (-32.0%) $259.2m (-84.9%) 11.8% (-34.8%) $3.85 (-31.5%)
2023 $5.6b (-17.2%) $451.7m (-43.4%) $547.2m (111.2%) 8.0% (-31.7%) $2.25 (-41.6%)
2024 $5.3b (-5.3%) $758.4m (67.9%) $1.3b (146.6%) 14.2% (77.3%) $3.90 (73.3%)
2025 $5.6b (6.0%) $782.5m (3.2%) $974.4m (-27.8%) 13.9% (-2.6%) $4.17 (6.9%)
2026 $6.0b (6.3%) $881.2m (12.6%) $1.2b (24.1%) 14.7% (6.0%) $4.85 (16.3%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

SEC filings report in CHF. Values above are converted to USD for comparison with the US-listed share price.

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model