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GRMN

91.08USD+0.43(+0.47%)Market Closed

Garmin Ltd

Market Summary

USD91.08+0.43Market Closed
0.47%

GRMN Alerts

GRMN Stock Price

RSI Chart

Valuation

Market Cap

17.0B

Price/Earnings

17.6

Price/Sales

3.44

Price/Cashflow

28.89

MarketCap/EBT

16.29

Price/Sales

Profitability

EBT Margin

21.11%

Return on Equity

16.44%

Return on Assets

12.67%

Fundamentals

Revenue

Revenue (TTM)

4.9B

Revenue Y/Y

-4.32%

Revenue Q/Q

-8.09%

Earnings

Earnings (TTM)

966.4M

Earnings Y/Y

-18.6%

Earnings Q/Q

-18.24%

Price Action

52 Week Range

76.37139.02
(Low)(High)

Last 7 days

0.1%

Last 30 days

7.2%

Last 90 days

-0.4%

Trailing 12 Months

-35.5%

Financial Health

Current Ratio

2.75

Investor Care

Dividend Yield

4.4%

Dividend/Share (TTM)

3.89

Buy Backs (1Y)

0.34%

Diluted EPS (TTM)

4.99

Peers (Alternatives to Garmin)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
27.1B
33.5B
11.39% -16.09%
4.87
0.85
20.54% 40.27%
17.0B
4.9B
7.25% -35.48%
17.6
3.44
0.06% -14.44%
MID-CAP
9.3B
15.4B
14.51% -14.64%
3.89
0.61
20.81% 39.34%
7.6B
20.6B
11.72% -32.94%
19.9
0.37
-6.15% -80.70%
6.9B
11.8B
4.37% -42.73%
37.9
0.58
6.91% -83.44%
6.2B
10.0B
-15.18% -40.11%
11.02
0.62
-4.72% -6.30%
4.4B
5.3B
9.42% -12.55%
11.41
0.83
10.36% -5.87%
2.3B
2.2B
0.47% -62.26%
11.9
1.04
-1.31% -23.64%
2.0B
1.8B
12.24% -45.19%
16.57
1.13
2.07% -57.51%
SMALL-CAP
1.5B
1.3B
-6.94% -36.02%
-31.88
1.06
-22.57% -410.63%
861.5M
1.2B
1.09% -47.19%
2.31
0.73
7.66% 583.60%
326.4M
12.3M
-10.98% -63.26%
-8.17
27.56
-13.01% -51.34%
258.5M
564.9M
13.88% -41.24%
-35.87
0.45
-7.83% -95.87%
11.5M
10.2M
-12.72% -85.67%
-2.16
1.09
2.73% -105.83%

Financials for Garmin

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-1.0%4,9464,9975,0834,9834,943
Gross Profit-0.9%2,8342,8592,9112,8902,909
Operating Expenses1.0%1,7581,7401,7141,6721,635
  S&GA Expenses3.8%746719708660660
  R&D Expenses-0.6%841846846840818
Earnings Before Taxes-5.0%1,0441,0991,1921,2071,289
Net Income-4.7%9661,0151,0741,0821,130
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.4%7,6287,8147,7037,8547,571
  Current Assets-3.7%3,9684,1234,0824,2624,009
    Cash Equivalents-0.4%1,0831,0871,4181,4981,639
  Inventory5.4%1,5331,4551,3401,2281,114
  Net PPE-1.2%1,1001,1141,0931,067975
  Goodwill-3.7%541561573575-
  Current Liabilities-11.1%1,4431,6241,1531,4481,374
Shareholder's Equity0.2%5,8785,8666,2496,1145,855
  Retained Earnings5.1%4,4394,2264,5324,3214,035
  Additional Paid-In Capital1.3%2,0091,9831,9611,950-
Accumulated Depreciation-821----
Shares Outstanding-0.5%192193193193192
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations-13.4%5896808301,0121,279
  Share Based Compensation-6.0%8287959396
Cashflow From Investing28.4%-482.81-674.50-507.14-475.37-392.90
Cashflow From Financing-17.5%-620.18-528.02-493.75-486.71-474.42
  Dividend Payments2.3%528516504491479
  Buy Backs442.3%33261

Risks

What is the probability of a big loss on GRMN?

40%


Probability that Garmin stock will be more than 20% underwater in next one year

35.8%


Probability that Garmin stock will be more than 30% underwater in next one year.

11.2%


Probability that Garmin stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does GRMN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Garmin was unfortunately bought at previous high price.

Returns

Cumulative Returns on GRMN

12.9%


10-Year Cumulative Returns

17.0%


7-Year Cumulative Returns

10.7%


5-Year Cumulative Returns

-0.6%


3-Year Cumulative Returns

What are the long-term rolling returns for GRMN?

FIve years rolling returns for Garmin.

Which funds bought or sold GRMN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
ADDED
3.15
-144,000
776,000
0.03%
2022-11-23
Eagle Bay Advisors LLC
REDUCED
-3.39
-797
5,000
-%
2022-11-22
IHT Wealth Management, LLC
ADDED
48.11
50,000
287,000
0.02%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
1,117,000
1,117,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-0.96
-4,843,000
20,594,000
0.04%
2022-11-21
FourThought Financial, LLC
REDUCED
-58.29
-107,000
56,000
0.01%
2022-11-21
Bray Capital Advisors
UNCHANGED
-
-15,000
64,000
0.02%
2022-11-18
Power Corp of Canada
UNCHANGED
-
-280,000
1,253,000
0.19%
2022-11-17
BROOKS, MOORE & ASSOCIATES, INC.
SOLD OFF
-100
-398,000
-
-%
2022-11-17
CENTRAL TRUST Co
ADDED
5.32
-72,000
447,000
0.01%

1–10 of 45

Latest Funds Activity

Are funds buying GRMN calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own GRMN

Garmin News

Nasdaq

Garmin (GRMN) Up 5.5% Since Last Earnings Report: Can It Continue?.2 days ago

GRMN Fair Value

Garmin fair value in different scenarios

The table shows the Fair Value estimates for Garmin for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

90.29

-0.87%

123.51

35.61%

170.65

87.36%

213.53

134.44%

257.41

182.62%

Current Inflation

81.77

-10.22%

109.58

20.31%

148.40

62.93%

184.37

102.43%

220.58

142.18%

Very High Inflation

71.42

-21.59%

93.12

2.24%

122.73

34.75%

150.98

65.77%

178.78

96.29%

Historical Garmin Fair Value Estimates


Recent SEC filings of Garmin

View All Filings
Date Filed Form Type Document
Nov 16, 2022
4
Insider Trading
Nov 08, 2022
4
Insider Trading
Oct 26, 2022
8-K
Current Report
Oct 26, 2022
10-Q
Quarterly Report
Sep 12, 2022
SC 13G/A
Major Ownership Report
Sep 09, 2022
4
Insider Trading
Sep 09, 2022
4
Insider Trading
Aug 31, 2022
4
Insider Trading

Latest Insider Trading transactions for GRMN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-10
PEMBLE CLIFTON A
SOLD
-1,785,240
90
-19,836
President and CEO
2022-11-07
Straub Philip
SOLD
-17,536.4
86.3452
-203.096
EVP, Man. Director - Aviation
2022-09-09
BURRELL JONATHAN
GIFTED
-
-
55,334
-
2022-09-09
BURRELL JONATHAN
GIFTED
-
-
300,000
-
2022-09-09
BURRELL JONATHAN
GIFTED
-
-
-600,000
-
2022-09-09
BURRELL JONATHAN
GIFTED
-
-
-166,000
-
2022-09-08
BURRELL JONATHAN
GIFTED
-
-
578,000
-
2022-09-08
BURRELL JONATHAN
GIFTED
-
-
-578,000
-
2022-09-07
PEMBLE CLIFTON A
SOLD
-859,500
90
-9,550
President and CEO

1–10 of 50

Clifton A. Pemble
18700
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

GRMN Income Statement

2022-09-24
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 24, 2022
Sep. 25, 2021
Sep. 24, 2022
Sep. 25, 2021
Income Statement [Abstract]    
Net sales$ 1,140,434$ 1,191,973$ 3,553,931$ 3,591,206
Cost of goods sold469,935496,0261,492,1261,472,852
Gross profit670,499695,9472,061,8052,118,354
Advertising expense32,88836,705110,378110,705
Selling, general and administrative expenses189,546177,647571,541530,351
Research and development expense208,692198,925619,215573,798
Total operating expense431,126413,2771,301,1341,214,854
Operating income239,373282,670760,671903,500
Other income (expense):    
Interest income10,4726,89726,52021,568
Foreign currency losses(29,863)(15,014)(55,809)(30,621)
Other income2858333,7163,511
Total other income (expense)(19,106)(7,284)(25,573)(5,542)
Income before income taxes220,267275,386735,098897,958
Income tax provision9,41916,34754,785101,894
Net income$ 210,848$ 259,039$ 680,313$ 796,064
Net income per share: Basic    
Basic$ 1.09$ 1.35$ 3.53$ 4.14
Net income per share: Diluted    
Diluted$ 1.09$ 1.34$ 3.52$ 4.13
Weighted average common shares outstanding: Basic    
Basic192,672192,322192,878192,123
Weighted average common shares outstanding: Diluted    
Diluted193,105193,185193,378192,955

GRMN Balance Sheet

2022-09-24
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 24, 2022
Dec. 25, 2021
Current assets:  
Cash and cash equivalents$ 1,082,338$ 1,498,058
Marketable securities378,705347,980
Accounts receivable, net641,072843,445
Inventories1,533,2711,227,609
Deferred costs14,39815,961
Prepaid expenses and other current assets318,339328,719
Total current assets3,968,1234,261,772
Property and equipment, net1,100,2571,067,478
Operating lease right-of-use assets121,93789,457
Noncurrent marketable securities1,236,3501,268,698
Deferred income tax assets390,105260,205
Noncurrent deferred costs10,39312,361
Goodwill540,740575,080
Other intangible assets, net179,890215,993
Other noncurrent assets79,811103,383
Total assets7,627,6067,854,427
Current liabilities:  
Accounts payable268,674370,048
Salaries and benefits payable184,802211,371
Accrued warranty costs39,92545,467
Accrued sales program costs75,182121,514
Other accrued expenses195,117225,988
Deferred revenue88,56387,654
Income taxes payable169,665128,083
Dividend payable420,995258,023
Total current liabilities1,442,9231,448,148
Deferred income tax liabilities117,941117,595
Noncurrent income taxes payable50,94362,539
Noncurrent deferred revenue37,06841,618
Noncurrent operating lease liabilities100,18170,044
Other noncurrent liabilities361324
Stockholders’ equity:  
Shares, CHF 0.10 par value, 198,077 shares authorized and issued; 192,180 shares outstanding at September 24, 2022 and 192,608 shares outstanding at December 25, 202117,97917,979
Additional paid-in capital2,027,0191,960,722
Treasury stock (5,897 and 5,469 shares, respectively)(398,974)(303,114)
Retained earnings4,439,0044,320,737
Accumulated other comprehensive (loss) income(206,839)117,835
Total stockholders’ equity5,878,1896,114,159
Total liabilities and stockholders’ equity$ 7,627,606$ 7,854,427