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GRMN

GRMN - Garmin Ltd Stock Price, Fair Value and News

161.44USD+1.48 (+0.93%)Market Closed

Market Summary

GRMN
USD161.44+1.48
Market Closed
0.93%

GRMN Alerts

  • 3 major insider sales recently.
  • Big jump in Earnings (Y/Y)

GRMN Stock Price

View Fullscreen

GRMN RSI Chart

GRMN Valuation

Market Cap

31.0B

Price/Earnings (Trailing)

22.75

Price/Sales (Trailing)

5.68

EV/EBITDA

20.2

Price/Free Cashflow

22.93

GRMN Price/Sales (Trailing)

GRMN Profitability

EBT Margin

23.90%

Return on Equity

18.81%

Return on Assets

15.79%

Free Cashflow Yield

4.36%

GRMN Fundamentals

GRMN Revenue

Revenue (TTM)

5.5B

Rev. Growth (Yr)

20.41%

Rev. Growth (Qtr)

-6.8%

GRMN Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

36.39%

Earnings Growth (Qtr)

-49.1%

Breaking Down GRMN Revenue

Last 7 days

-1.2%

Last 30 days

-6.3%

Last 90 days

8.6%

Trailing 12 Months

53.0%

How does GRMN drawdown profile look like?

GRMN Financial Health

Current Ratio

4.04

GRMN Investor Care

Dividend Yield

1.64%

Dividend/Share (TTM)

2.68

Shares Dilution (1Y)

0.41%

Diluted EPS (TTM)

7.09

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20245.5B000
20234.8B4.9B5.1B5.2B
20225.1B5.0B4.9B4.9B
20214.4B4.9B4.9B5.0B
20203.8B3.8B3.9B4.2B
20193.4B3.5B3.6B3.8B
20183.2B3.3B3.3B3.3B
20173.0B3.1B3.1B3.1B
20162.9B2.9B2.9B3.0B
20152.9B2.9B2.8B2.8B
20142.7B2.8B2.8B2.9B
20132.7B2.7B2.6B2.6B
20122.8B2.9B2.9B2.7B
20112.8B2.7B2.7B2.8B
20102.9B3.0B2.9B2.7B
20093.3B3.0B2.9B2.9B
200803.3B3.4B3.5B
20070003.2B
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Tracking the Latest Insider Buys and Sells of Garmin Ltd

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 18, 2024
pemble clifton a
sold
-2,552,380
160
-15,931
president and ceo
Jun 13, 2024
burrell jonathan
gifted
-
-
271,316
-
Jun 13, 2024
burrell jonathan
gifted
-
-
-873,350
-
Jun 13, 2024
burrell jonathan
gifted
-
-
-800,000
-
Jun 13, 2024
burrell jonathan
gifted
-
-
800,000
-
Jun 11, 2024
kao min h
gifted
-
-
-15,150
executive chairman
Jun 11, 2024
kao min h
gifted
-
-
-24,240
executive chairman
Jun 10, 2024
burrell jonathan
gifted
-
-
-826,600
-
Jun 10, 2024
burrell jonathan
gifted
-
-
826,600
-
Jun 10, 2024
boessen douglas g.
sold
-379,839
161
-2,350
cfo and treasurer

1–10 of 50

Which funds bought or sold GRMN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 14, 2024
Breakwater Investment Management
new
-
117,608
117,608
0.05%
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
6.53
19,061
115,466
0.01%
Jun 05, 2024
Objective Capital Management, LLC
new
-
232,256
232,256
0.16%
Jun 04, 2024
DekaBank Deutsche Girozentrale
added
4.71
7,668,000
45,405,000
0.09%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-4.97
170,000
1,862,000
0.02%
May 28, 2024
Boston Partners
added
4.3
36,275,100
210,799,000
0.25%
May 24, 2024
Cetera Investment Advisers
added
51.73
1,821,750
4,227,180
0.01%
May 24, 2024
PGGM Investments
added
2.42
704,000
4,485,000
0.06%
May 22, 2024
Koesten, Hirschmann & Crabtree, INC.
unchanged
-
16,102
117,906
0.08%
May 21, 2024
LRI Investments, LLC
new
-
6,433
6,433
-%

1–10 of 42

Are Funds Buying or Selling GRMN?

Are funds buying GRMN calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own GRMN
No. of Funds

Unveiling Garmin Ltd's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 13, 2024
vanguard group inc
9.30%
17,793,841
SC 13G/A
Feb 12, 2024
burrell jonathan
9.41%
18,775,059
SC 13G/A
Feb 06, 2024
kao min h
9.85%
18,842,060
SC 13G/A
Feb 06, 2024
blackrock inc.
8.0%
15,305,863
SC 13G/A
Jun 20, 2023
burrell jonathan
9.88%
18,907,559
SC 13G
Feb 09, 2023
vanguard group inc
9.31%
17,837,816
SC 13G/A
Feb 07, 2023
kao min h
9.85%
18,847,060
SC 13G/A
Jan 31, 2023
blackrock inc.
7.7%
14,794,671
SC 13G/A
Jan 03, 2023
burrell jonathan
9.85%
18,986,433
SC 13G
Dec 13, 2022
burrell jonathan
9.91%
19,103,683
SC 13G/A

Recent SEC filings of Garmin Ltd

View All Filings
Date Filed Form Type Document
Jun 20, 2024
4
Insider Trading
Jun 18, 2024
144
Notice of Insider Sale Intent
Jun 14, 2024
4
Insider Trading
Jun 11, 2024
4
Insider Trading
Jun 11, 2024
4
Insider Trading
Jun 11, 2024
4/A
Insider Trading
Jun 11, 2024
4/A
Insider Trading
Jun 11, 2024
8-K
Current Report
Jun 10, 2024
144
Notice of Insider Sale Intent
Jun 10, 2024
4
Insider Trading

Peers (Alternatives to Garmin Ltd)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
3.2T
381.6B
8.95% 13.92%
31.64
8.32
-0.90% 6.43%
41.3B
12.8B
-49.46% -15.90%
20.26
3.22
1.52% 6.35%
34.3B
12.4B
9.29% 15.83%
54.95
2.77
-9.51% -31.36%
25.9B
6.1B
-5.38% 2.43%
28.79
4.23
3.71% 17.79%
12.3B
26.4B
2.89% 13.45%
12.24
0.47
-7.32% 26.86%
MID-CAP
8.1B
847.2M
-1.93% -12.55%
81.39
9.57
-8.39% -42.67%
6.7B
31.3B
-4.19% -7.73%
9.43
0.22
-14.93% -46.55%
5.5B
740.8M
-5.67% 23.92%
53.99
7.46
25.07% 42.99%
4.7B
24.7B
-3.42% 9.85%
8.28
0.19
-6.09% -33.76%
2.7B
988.8M
-6.85% 4.06%
27.23
2.71
8.64% 13.26%
SMALL-CAP
1.7B
2.8B
-7.60% 39.64%
20.78
0.62
-10.09% 0.74%
1.4B
2.8B
-6.22% 54.08%
21.81
0.51
-4.25% -5.27%
205.5M
986.2M
-12.10% -67.06%
-0.57
0.21
-6.21% -5303.34%
25.0M
26.4M
-1.71% -41.69%
32.52
0.95
-2.48% -64.63%
22.4M
56.7M
14.29% 72.41%
-3.8
0.59
-41.04% -726.48%

Garmin Ltd News

Latest updates
Defense World9 hours ago
Yahoo Singapore News18 Jun 202401:52 am

Garmin Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-6.8%1,3821,4831,2781,3211,1471,3061,1401,2411,1731,3921,1921,3271,0721,3511,1098708561,102934955766
Gross Profit-7.2%802864729759653745670729662772696781642791668515507639567575452
Operating Expenses-3.8%504524458475456478431436434457413410392420351327329363306319300
  S&GA Expenses24.4%261210201204234204190191191191178181172212142132137138125129127
  R&D Expenses2.2%243237222224221216209202209205199186189146175166165162149149146
EBITDA Margin3.4%0.26*0.25*0.25*0.25*0.24*0.24*0.23*0.24*0.26*0.26*0.28*----------
Income Taxes321.6%51.0012.0022.0028.0019.0037.009.0021.0024.007.0016.0055.0030.0057.0023.0014.0016.00-73.3830.0052.0026.00
Earnings Before Taxes-14.6%327383280316222330220279236309275372251391337198178287258276166
EBT Margin4.1%0.24*0.23*0.23*0.22*0.22*0.22*0.21*0.22*0.23*0.24*0.26*----------
Net Income-49.1%276542257288202293211258212286259317220334313184161361228224140
Net Income Margin1.2%0.25*0.25*0.21*0.20*0.20*0.20*0.20*0.20*0.21*0.22*0.23*----------
Free Cashflow-3.6%4024173122212323091045.0012649.00204----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets0.4%8,6348,6047,9657,8727,7267,7317,6287,8147,7037,8547,5717,4037,0007,0316,5516,2206,0546,1675,7555,5255,280
  Current Assets1.2%4,5174,4644,1574,1113,9643,9553,9684,1234,0824,2624,0093,8843,5583,6693,3423,2582,9293,0582,7582,4612,512
    Cash Equivalents13.5%1,9221,6931,4231,4261,3621,2801,0831,0881,4181,4991,6401,6401,6001,4591,2241,3551,0491,0289778201,116
  Inventory-3.2%1,3021,3461,4401,4021,4791,5151,5331,4551,3401,2281,114939838762821813790753750648598
  Net PPE-1.4%1,2061,2241,1871,1811,1651,1471,1001,1141,0931,067975958861856814791755729711702672
  Goodwill-1.1%602608594573572568541561573575---584-------
  Current Liabilities-14.7%1,1171,3111,3281,4501,0081,2121,4431,6241,1531,4481,3741,4599331,1641,1231,1647821,0361,0431,028623
Shareholder's Equity3.3%7,2467,0126,3496,1246,4056,2045,8785,8666,2496,1145,8555,5845,7165,5165,1044,7414,9344,7934,3814,1514,315
  Retained Earnings3.4%5,4405,2644,7224,4654,9364,7344,4394,2264,5324,3214,0353,7763,9743,7543,4213,1083,3903,2292,8692,6412,851
  Additional Paid-In Capital0.5%2,1352,1252,1002,0782,0482,0422,0272,0091,9831,9611,9501,9271,8931,8801,8731,8521,8301,8361,8421,8251,810
Accumulated Depreciation1.8%1,0491,031982960934905-----------677---
Shares Outstanding0.2%192192191191191192193193193193192192---------
Float----15,973---15,461---21,920---14,141---11,181-
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-6.6%43546635727427936915480.00186169245230368436274199226234189111165
  Share Based Compensation-12.7%31.0035.0023.0023.0021.0019.0018.0015.0025.0024.0023.0023.0023.0027.0022.0016.0016.0016.0017.0016.0015.00
Cashflow From Investing43.5%-36.87-65.28-197-62.23-7.9017478.00-261-135-163-113-93.91-104-81.19-294194-78.87-82.94-21.41-313-32.62
Cashflow From Financing-3.9%-156-150-149-144-192-362-220-133-123-142-128-99.45-116-129-117-93.98-120-107-0.02-95.50-213
  Dividend Payments0.4%140140140140140280141129129129129117117117117109109108-108201
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GRMN Income Statement

2024-03-30
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 30, 2024
Apr. 01, 2023
Income Statement [Abstract]  
Net sales$ 1,381,649$ 1,147,424
Cost of goods sold579,510494,630
Gross profit802,139652,794
Research and development expense242,535221,485
Selling, general and administrative expenses261,194234,327
Total operating expense503,729455,812
Operating income298,410196,982
Other income (expense):  
Interest income25,02715,899
Foreign currency gains2,2827,688
Other income1,3211,203
Total other income (expense)28,63024,790
Income before income taxes327,040221,772
Income tax provision51,07919,445
Net income$ 275,961$ 202,327
Net income per share:  
Basic$ 1.44$ 1.06
Diluted$ 1.43$ 1.05
Weighted average common shares outstanding:  
Basic191,890191,498
Diluted192,698191,886

GRMN Balance Sheet

2024-03-30
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 30, 2024
Dec. 30, 2023
Current assets:  
Cash and cash equivalents$ 1,921,782$ 1,693,452
Marketable securities274,579274,618
Accounts receivable, net694,690815,243
Inventories1,302,2301,345,955
Deferred costs18,32916,316
Prepaid expenses and other current assets305,674318,556
Total current assets4,517,2844,464,140
Property and equipment, net of accumulated depreciation of $1,048,936 and $1,030,5881,206,4011,224,097
Operating lease right-of-use assets136,285143,724
Noncurrent marketable securities1,133,9581,125,191
Deferred income tax assets763,083754,635
Noncurrent deferred costs10,48011,057
Goodwill601,618608,474
Other intangible assets, net176,647186,601
Other noncurrent assets88,12485,650
Total assets8,633,8808,603,569
Current liabilities:  
Accounts payable243,087253,790
Salaries and benefits payable192,832190,014
Accrued warranty costs55,21955,738
Accrued sales program costs77,59298,610
Other accrued expenses191,474245,874
Deferred revenue100,740101,189
Income taxes payable256,442225,475
Dividend payable0139,997
Total current liabilities1,117,3861,310,687
Deferred income tax liabilities113,932114,682
Noncurrent income taxes payable16,12816,521
Noncurrent deferred revenue33,92836,148
Noncurrent operating lease liabilities105,859113,035
Other noncurrent liabilities550436
Stockholders’ equity:  
Common shares (194,901 and 195,880 shares authorized and issued; 192,079 and 191,777 shares outstanding)19,49019,588
Additional paid-in capital2,135,3842,125,467
Treasury shares (2,822 and 4,103 shares)(226,921)(330,909)
Retained earnings5,440,2005,263,528
Accumulated other comprehensive income (loss)(122,056)(65,614)
Total stockholders’ equity7,246,0977,012,060
Total liabilities and stockholders’ equity$ 8,633,880$ 8,603,569
GRMN
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; 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, fishfinders, 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 domain controllers and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent 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.
 CEO
 WEBSITEgarmin.com
 INDUSTRYConsumer Electronics
 EMPLOYEES19700

Garmin Ltd Frequently Asked Questions


What is the ticker symbol for Garmin Ltd? What does GRMN stand for in stocks?

GRMN is the stock ticker symbol of Garmin Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Garmin Ltd (GRMN)?

As of Thu Jun 20 2024, market cap of Garmin Ltd is 30.72 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GRMN stock?

You can check GRMN's fair value in chart for subscribers.

What is the fair value of GRMN stock?

You can check GRMN's fair value in chart for subscribers. The fair value of Garmin Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Garmin Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GRMN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Garmin Ltd a good stock to buy?

The fair value guage provides a quick view whether GRMN is over valued or under valued. Whether Garmin Ltd is cheap or expensive depends on the assumptions which impact Garmin Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GRMN.

What is Garmin Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu Jun 20 2024, GRMN's PE ratio (Price to Earnings) is 22.54 and Price to Sales (PS) ratio is 5.62. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GRMN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Garmin Ltd's stock?

In the past 10 years, Garmin Ltd has provided 0.132 (multiply by 100 for percentage) rate of return.