GRMN - Garmin Ltd Stock Price, Fair Value and News

142.97USD+0.18 (+0.13%)Market Closed

Market Summary

USD142.97+0.18

Market Closed

0.13%

GRMN Stock Price

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GRMN RSI Chart

GRMN Valuation

Market Cap

27.4B

Price/Earnings (Trailing)

21.24

Price/Sales (Trailing)

5.24

EV/EBITDA

19.28

Price/Free Cashflow

23.16

GRMN Price/Sales (Trailing)

GRMN Profitability

EBT Margin

22.96%

Return on Equity

18.39%

Return on Assets

14.99%

Free Cashflow Yield

4.32%

GRMN Fundamentals

GRMN Revenue

Revenue (TTM)

5.2B

Rev. Growth (Yr)

13.48%

Rev. Growth (Qtr)

16.04%

GRMN Earnings

Earnings (TTM)

1.3B

Earnings Growth (Yr)

84.85%

Earnings Growth (Qtr)

110.75%

Breaking Down GRMN Revenue

Last 7 days

1.2%

Last 30 days

-2.6%

Last 90 days

14.2%

Trailing 12 Months

48.6%

How does GRMN drawdown profile look like?

GRMN Financial Health

Current Ratio

3.41

GRMN Investor Care

Dividend Yield

2.19%

Dividend/Share (TTM)

2.68

Shares Dilution (1Y)

0.22%

Diluted EPS (TTM)

6.71

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	4.8B	4.9B	5.1B	5.2B
2022	5.1B	5.0B	4.9B	4.9B
2021	4.4B	4.9B	4.9B	5.0B
2020	3.8B	3.8B	3.9B	4.2B
2019	3.4B	3.5B	3.6B	3.8B
2018	3.2B	3.3B	3.3B	3.3B
2017	3.0B	3.1B	3.1B	3.1B
2016	2.9B	2.9B	2.9B	3.0B
2015	2.9B	2.9B	2.8B	2.8B
2014	2.7B	2.8B	2.8B	2.9B
2013	2.7B	2.7B	2.6B	2.6B
2012	2.8B	2.9B	2.9B	2.7B
2011	2.8B	2.7B	2.7B	2.8B
2010	2.9B	3.0B	2.9B	2.7B
2009	3.3B	3.0B	2.9B	2.9B
2008	0	3.3B	3.4B	3.5B
2007	0	0	0	3.2B

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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Grufity's Fair Value model takes all the S&P 500 stocks and divides them into separate buckets based on their attractiveness. The 'Very Cheap' bucket of S&P 500 has greatly outperformed S&P 500 Index. Conversely, S&P500 stocks considered 'Very Expensive' by the model underperformed the S&P500 index in the past three years. Grufity Fair Value is available for 2300+ stocks, including 90% of S&P 500 stocks. Grufity's Fair Value Model separates high-return stocks from low-return stocks.

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Grufity's Fair Value model does a great job in separating High Performing Stocks from Low Performing ones in the S&P 500 list.

S&P 500 Index

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Tracking the Latest Insider Buys and Sells of Garmin Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 18, 2024	burrell jonathan	gifted	-	-	15,200	-
Mar 18, 2024	burrell jonathan	gifted	-	-	-45,600	-
Mar 15, 2024	burrell jonathan	gifted	-	-	694,000	-
Mar 15, 2024	burrell jonathan	gifted	-	-	-694,000	-
Mar 15, 2024	burrell jonathan	sold	-2,192,280	146	-15,000	-
Mar 14, 2024	burrell jonathan	gifted	-	-	321,500	-
Mar 14, 2024	burrell jonathan	sold	-2,212,280	147	-15,000	-
Mar 14, 2024	burrell jonathan	gifted	-	-	-321,500	-
Mar 13, 2024	burrell jonathan	gifted	-	-	727,000	-
Mar 13, 2024	burrell jonathan	sold	-2,233,340	148	-15,000	-

Which funds bought or sold GRMN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	NEW MEXICO EDUCATIONAL RETIREMENT BOARD	reduced	-2.52	132,000	1,154,000	0.04%
Apr 23, 2024	VALICENTI ADVISORY SERVICES INC	reduced	-0.81	295,000	2,280,000	0.64%
Apr 23, 2024	IRON Financial LLC	sold off	-100	-704,698	-	-%
Apr 23, 2024	Creative Capital Management Investments LLC	unchanged	-	8,132	59,548	0.03%
Apr 23, 2024	Sugarloaf Wealth Management, LLC	unchanged	-	2,033	14,887	-%
Apr 23, 2024	Venturi Wealth Management, LLC	unchanged	-	671	4,913	-%
Apr 23, 2024	HAMEL ASSOCIATES, INC.	new	-	614,535	614,535	0.20%
Apr 23, 2024	Main Street Financial Solutions, LLC	added	7.47	58,098	295,541	0.03%
Apr 23, 2024	Silver Lake Advisory, LLC	added	3.17	722,225	4,428,220	1.97%
Apr 23, 2024	Gradient Investments LLC	sold off	-100	-2,956	-	-%

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 Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
Apr 24, 2024	ARS	ARS
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	DEFA14A	DEFA14A
Apr 08, 2024	8-K	Current Report
Apr 08, 2024	PRE 14A	PRE 14A
Apr 04, 2024	4/A	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent
Mar 15, 2024	4	Insider Trading
Mar 14, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Garmin Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.6T	385.7B	-1.07%	3.21%	25.86	6.77	-0.47%	6.03%
APH	69.8B	12.6B	1.86%	55.40%	36.2	5.56	-0.54%	1.35%
FTV	28.0B	6.1B	-9.90%	16.46%	32.32	4.57	3.71%	14.65%
GLW	26.9B	12.6B	-2.89%	-4.13%	44.89	2.14	-11.28%	-55.18%
FLEX	12.0B	29.4B	-0.59%	44.82%	15.94	0.41	-1.12%	-8.06%
MID-CAP
ARW	6.9B	33.1B	1.75%	14.61%	7.59	0.21	-10.82%	-36.63%
CGNX	6.8B	837.5M	-5.07%	-16.44%	59.92	8.1	-16.75%	-47.46%
BMI	5.4B	740.8M	15.48%	37.93%	52.61	7.27	25.07%	42.99%
AVT	4.4B	25.6B	1.65%	21.85%	6.64	0.17	-2.73%	-21.96%
ESE	2.7B	968.8M	1.72%	9.71%	28.93	2.78	9.35%	8.73%
SMALL-CAP
CNXN	1.7B	2.9B	0.57%	63.64%	20.57	0.6	-8.78%	-6.67%
BHE	1.1B	2.8B	4.91%	43.81%	17	0.39	-1.64%	-5.74%
GPRO	271.4M	1.0B	-22.03%	-58.35%	-5.1	0.27	-8.05%	-284.36%
AEY	32.6M	56.7M	-19.26%	49.32%	-3.8	0.59	-41.04%	-726.48%
CPSH	25.8M	27.6M	-3.78%	-33.08%	18.86	0.94	3.62%	-35.71%

Garmin Ltd News

Latest updates

Garmin Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	16.0%	1,483	1,278	1,321	1,147	1,306	1,140	1,241	1,173	1,392	1,192	1,327	1,072	1,351	1,109	870	856	1,102	934	955	766	932
Gross Profit	18.6%	864	729	759	653	745	670	729	662	772	696	781	642	791	668	515	507	639	567	575	452	549
Operating Expenses	14.3%	524	458	475	456	478	431	436	434	457	413	410	392	420	351	327	329	363	306	319	300	326
S&GA Expenses	11.8%	225	201	204	204	204	190	191	191	191	178	181	172	212	142	132	137	138	125	129	127	126
R&D Expenses	7.1%	237	222	224	221	216	209	202	209	205	199	186	189	146	175	166	165	162	149	149	146	145
EBITDA Margin	0.9%	0.25*	0.25*	0.25*	0.24*	0.24*	0.23*	0.24*	0.26*	0.26*	0.28*	0.30*	-	-	-	-	-	-	-	-	-	-
Income Taxes	-45.7%	12.00	22.00	28.00	19.00	37.00	9.00	21.00	24.00	7.00	16.00	55.00	30.00	57.00	23.00	14.00	16.00	-73.38	30.00	52.00	26.00	42.00
Earnings Before Taxes	37.0%	383	280	316	222	330	220	279	236	309	275	372	251	391	337	198	178	287	258	276	166	232
EBT Margin	1.1%	0.23*	0.23*	0.22*	0.22*	0.22*	0.21*	0.22*	0.23*	0.24*	0.26*	0.28*	-	-	-	-	-	-	-	-	-	-
Net Income	110.7%	542	257	288	202	293	211	258	212	286	259	317	220	334	313	184	161	361	228	224	140	190
Net Income Margin	19.7%	0.25*	0.21*	0.20*	0.20*	0.20*	0.20*	0.20*	0.21*	0.22*	0.23*	0.24*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	33.8%	417	312	221	232	309	104	5.00	126	49.00	204	120	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	8.0%	8,604	7,965	7,872	7,726	7,731	7,628	7,814	7,703	7,854	7,571	7,403	7,000	7,031	6,551	6,220	6,054	6,167	5,755	5,525	5,280	5,383
Current Assets	7.4%	4,464	4,157	4,111	3,964	3,955	3,968	4,123	4,082	4,262	4,009	3,884	3,558	3,669	3,342	3,258	2,929	3,058	2,758	2,461	2,512	2,665
Cash Equivalents	19.0%	1,693	1,423	1,426	1,362	1,279	1,083	1,088	1,418	1,499	1,640	1,640	1,600	1,459	1,224	1,355	1,049	1,028	977	820	1,116	1,202
Inventory	-6.5%	1,346	1,440	1,402	1,479	1,515	1,533	1,455	1,340	1,228	1,114	939	838	762	821	813	790	753	750	648	598	562
Net PPE	3.1%	1,224	1,187	1,181	1,165	1,147	1,100	1,114	1,093	1,067	975	958	861	856	814	791	755	729	711	702	672	664
Goodwill	2.4%	608	594	573	572	568	541	561	573	575	-	-	-	584	-	-	-	-	-	-	-	-
Current Liabilities	-1.3%	1,311	1,328	1,450	1,008	1,212	1,443	1,624	1,153	1,448	1,374	1,459	933	1,164	1,123	1,164	782	1,036	1,043	1,028	623	921
Shareholder's Equity	10.4%	7,012	6,349	6,124	6,405	6,204	5,878	5,866	6,249	6,114	5,855	5,584	5,716	5,516	5,104	4,741	4,934	4,793	4,381	4,151	4,315	4,163
Retained Earnings	11.5%	5,264	4,722	4,465	4,936	4,734	4,439	4,226	4,532	4,321	4,035	3,776	3,974	3,754	3,421	3,108	3,390	3,229	2,869	2,641	2,851	2,711
Additional Paid-In Capital	1.2%	2,125	2,100	2,078	2,048	2,042	2,027	2,009	1,983	1,961	1,950	1,927	1,893	1,880	1,873	1,852	1,830	1,836	1,842	1,825	1,810	1,824
Accumulated Depreciation	-100.0%	-	982	960	934	905	-	-	-	-	-	-	-	-	-	-	-	677	-	-	-	610
Shares Outstanding	0.2%	192	191	191	191	192	193	193	193	193	192	192	192	-	-	-	-	-	-	-	-	-
Float	-	-	-	15,973	-	-	-	15,461	-	-	-	21,920	-	-	-	14,141	-	-	-	11,181	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	30.4%	466	357	274	279	369	154	80.00	186	169	245	230	368	436	274	199	226	234	189	111	165	218
Share Based Compensation	54.3%	35.00	23.00	23.00	21.00	19.00	18.00	15.00	25.00	24.00	23.00	23.00	23.00	27.00	22.00	16.00	16.00	16.00	17.00	16.00	15.00	14.00
Cashflow From Investing	67.0%	-65.28	-197	-62.23	-7.90	174	78.00	-261	-135	-163	-113	-93.91	-104	-81.19	-294	194	-78.87	-82.94	-21.41	-313	-32.62	-68.69
Cashflow From Financing	-0.9%	-150	-149	-144	-192	-362	-220	-133	-123	-142	-128	-99.45	-116	-129	-117	-93.98	-120	-107	-0.02	-95.50	-213	2.00
Dividend Payments	-0.1%	140	140	140	140	280	141	129	129	129	129	117	117	117	117	109	109	108	-	108	201	0.00

GRMN Income Statement

2023-12-30

Consolidated Statements of Income - USD ($)
$ in Thousands

12 Months Ended

Dec. 30, 2023

Dec. 31, 2022

Dec. 25, 2021

Income Statement [Abstract]

Net sales

^[1]

$ 5,228,252

$ 4,860,286

$ 4,982,795

Cost of goods sold

2,223,297

2,053,511

2,092,336

Gross profit

3,004,955

2,806,775

2,890,459

Advertising expense

173,109

168,040

171,829

Selling, general and administrative expenses

834,990

775,963

721,260

Research and development expense

904,696

834,927

778,750

Total operating expense

1,912,795

1,778,930

1,671,839

Operating income

1,092,160

1,027,845

1,218,620

Other income (expense):

Interest income

77,302

40,826

28,573

Foreign currency gains (losses)

26,434

(11,274)

(45,263)

Other income

4,460

7,577

4,866

Total other income (expense)

108,196

37,129

(11,824)

Income before income taxes

1,200,356

1,064,974

1,206,796

Income tax provision (benefit)

Current

250,446

233,844

130,040

Deferred

(339,726)

(142,455)

(5,444)

Income tax expenses

(89,280)

91,389

124,596

Net income

$ 1,289,636

$ 973,585

$ 1,082,200

Basic net income per share

$ 6.74

$ 5.06

$ 5.63

Diluted net income per share

$ 6.71

$ 5.04

$ 5.61

[1]	The United States is the only country which constitutes greater than 10% of net sales to external customers.

GRMN Balance Sheet

2023-12-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 1,693,452	$ 1,279,194
Marketable securities	274,618	173,288
Accounts receivable, less allowance for doubtful accounts of $7,152 in 2023 and $5,098 in 2022	815,243	656,847
Inventories	1,345,955	1,515,045
Deferred costs	16,316	14,862
Prepaid expenses and other current assets	318,556	315,915
Total current assets	4,464,140	3,955,151
Property and equipment, net	1,224,097	1,147,005
Operating lease right-of-use assets	143,724	138,040
Noncurrent marketable securities	1,125,191	1,208,360
Deferred income tax assets	754,635	441,071
Noncurrent deferred costs	11,057	9,831
Goodwill	608,474	567,994
Other intangible assets, net	186,601	178,461
Other noncurrent assets	85,650	85,257
Total assets	8,603,569	7,731,170
Current liabilities:
Accounts payable	253,790	212,417
Salaries and benefits payable	190,014	176,114
Accrued warranty costs	55,738	50,952
Accrued sales program costs	98,610	97,772
Other accrued expenses	245,874	197,376
Deferred revenue	101,189	91,092
Income taxes payable	225,475	246,180
Dividend payable	139,997	139,732
Total current liabilities	1,310,687	1,211,635
Deferred income tax liabilities	114,682	129,965
Noncurrent income taxes payable	16,521	34,627
Noncurrent deferred revenue	36,148	35,702
Noncurrent operating lease liabilities	113,035	114,541
Other noncurrent liabilities	436	360
Stockholders’ equity:
Common shares (195,880 and 198,077 shares authorized and issued; 191,777 and 191,623 shares outstanding)	19,588	17,979
Additional paid-in capital	2,125,467	2,042,472
Treasury shares (4,103 and 6,454 shares)	(330,909)	(475,095)
Retained earnings	5,263,528	4,733,517
Accumulated other comprehensive income (loss)	(65,614)	(114,533)
Total stockholders’ equity	7,012,060	6,204,340
Total liabilities and stockholders’ equity	$ 8,603,569	$ 7,731,170

About Garmin Ltd

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	Mr. Clifton Albert Pemble
WEBSITE	garmin.com
INDUSTRY	Consumer Electronics
EMPLOYEES	19700

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 Wed Apr 24 2024, market cap of Garmin Ltd is 27.39 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 Wed Apr 24 2024, GRMN's PE ratio (Price to Earnings) is 21.24 and Price to Sales (PS) ratio is 5.24. 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.