LOGITECH INTERNATIONAL S.A. (LOGI)

Computer Peripheral Equipment, NEC

Latest Price

$101.14

TTM P/E

18.56

Normalized P/E

26.13

Div Yield

Book Value

16.39

P/B Ratio

6.17

Valuation metrics

EPS: $4.80

Book value / share: $14.92

Formula: √(22.5 × EPS × BVPS)

Graham Number

$40.14

60% downside

Norm. op. income: $655M (median of 7yr)

Tax rate: 15%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$49.11

51% downside

Base FCF: $786M (median of recent 5yr)

Growth: 25%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$393.52

+289% upside

EPS: $4.80

Target P/E: 26×

Formula: EPS × P/E

P/E Fair Value

$124.80

+23% upside