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Garmin Ltd Stock Research

GRMN

106.78USD+0.35(+0.33%)Market Closed
Watchlist

Market Summary

USD106.78+0.35
Market Closed
0.33%

GRMN Alerts

  • 1 major insider sales recently.

GRMN Stock Price

GRMN RSI Chart

GRMN Valuation

Market Cap

20.4B

Price/Earnings (Trailing)

20.56

Price/Sales (Trailing)

4.16

EV/EBITDA

15.69

Price/Free Cashflow

23.59

GRMN Price/Sales (Trailing)

GRMN Profitability

EBT Margin

21.73%

Return on Equity

15.06%

Return on Assets

12.48%

Free Cashflow Yield

4.24%

GRMN Fundamentals

GRMN Revenue

Revenue (TTM)

4.9B

Revenue Y/Y

6.44%

Revenue Q/Q

15.11%

GRMN Earnings

Earnings (TTM)

994.4M

Earnings Y/Y

11.66%

Earnings Q/Q

42.31%

Price Action

52 Week Range

76.37108.56
(Low)(High)

Last 7 days

1.0%

Last 30 days

5%

Last 90 days

3.3%

Trailing 12 Months

25.0%

GRMN Financial Health

Current Ratio

3.93

GRMN Investor Care

Dividend Yield

3.96%

Buy Backs (1Y)

0.83%

Diluted EPS (TTM)

5.16

Historical Charts for Stock Metrics

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

Latest Insider Trading transactions for GRMN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-13
BURRELL JONATHAN
gifted
-
-
-33,000
-
2023-09-13
BURRELL JONATHAN
gifted
-
-
33,000
-
2023-09-12
BURRELL JONATHAN
gifted
-
-
-410,200
-
2023-09-12
BURRELL JONATHAN
gifted
-
-
410,200
-
2023-09-11
BURRELL JONATHAN
gifted
-
-
-410,200
-
2023-09-11
BURRELL JONATHAN
gifted
-
-
410,200
-
2023-09-07
Straub Philip
gifted
-
-
-855
evp, man. director - aviation
2023-09-05
Wang Cheng-Wei
sold
-506,361
105
-4,794
general manager - garmin corp.
2023-09-05
KAO MIN H
gifted
-
-
-24,000
executive chairman
2023-09-05
KAO MIN H
gifted
-
-
-44,000
executive chairman

1–10 of 50

Which funds bought or sold GRMN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
reduced
-48.02
-38,919
45,158
0.01%
2023-08-25
Yarbrough Capital, LLC
unchanged
-
484,842
15,004,200
0.85%
2023-08-22
Segment Wealth Management, LLC
reduced
-1.59
170,975
10,272,400
1.06%
2023-08-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
reduced
-1.94
345,528
26,224,200
0.04%
2023-08-21
BOKF, NA
added
2.3
5,762
106,480
-%
2023-08-21
Principal Street Partners, LLC
added
0.27
13,441
386,222
0.09%
2023-08-21
OSAIC HOLDINGS, INC.
added
34.97
1,178,310
4,140,030
0.01%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
reduced
-0.96
33,000
1,437,000
0.01%
2023-08-17
Orion Portfolio Solutions, LLC
added
159
437,804
697,572
0.01%
2023-08-16
Sunbelt Securities, Inc.
added
6.25
102
1,722
-%

1–10 of 46

Latest Funds Activity

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

Schedule 13G FIlings of Garmin

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Sep 12, 2022
burrell jonathan
9.91%
19,103,683
SC 13G/A
Jun 13, 2022
burrell jonathan
9.95%
19,214,349
SC 13G/A
Mar 10, 2022
burrell jonathan
10.41%
20,070,232
SC 13G/A
Feb 03, 2022
blackrock inc.
6.9%
13,187,637
SC 13G/A

Recent SEC filings of Garmin

View All Filings
Date Filed Form Type Document
Sep 13, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 05, 2023
144
Notice of Insider Sale Intent
Sep 05, 2023
4
Insider Trading
Sep 05, 2023
4
Insider Trading
Aug 07, 2023
4
Insider Trading
Aug 04, 2023
144
Notice of Insider Sale Intent
Aug 02, 2023
10-Q
Quarterly Report
Aug 02, 2023
8-K
Current Report
Jun 27, 2023
11-K
Employee Benefit Details

GRMN Fair Value

Loading...

Peers (Alternatives to Garmin)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
38.3B
34.6B
-2.36% 57.38%
7.84
1.11
8.28% -12.38%
20.4B
4.9B
5.00% 24.95%
20.56
4.16
-1.64% -2.00%
17.0B
16.9B
-1.94% 91.94%
6.15
1.01
13.54% 23.01%
MID-CAP
7.5B
19.1B
2.34% -3.45%
-4.83
0.39
-10.19% -317.37%
6.5B
11.3B
-5.80% -6.78%
-20.38
0.57
-3.59% -132.36%
3.9B
8.5B
-6.86% -39.08%
-12.54
0.46
-18.72% -142.43%
3.5B
4.9B
-7.75% -30.20%
14.89
0.7
-7.23% -40.28%
2.8B
2.0B
-6.12% 4.33%
19.55
1.35
-6.89% -26.19%
1.7B
1.7B
-3.85% -11.62%
-39.38
1.02
-7.19% -135.13%
SMALL-CAP
1.0B
1.0B
0.51% -36.02%
-2.76
1
-28.44% -677.98%
539.4M
1.0B
-7.43% -34.64%
-20.4
0.52
-11.34% -107.10%
219.1M
14.7M
-17.03% -52.47%
-5.54
14.92
24.01% 7.03%
118.2M
487.0M
-3.87% -52.33%
-1.65
0.24
-14.87% -891.33%
14.8M
10.0M
-14.03% 33.02%
-3.21
1.51
18.51% 11.12%

Garmin News

MarketWatch
Garmin Ltd. stock rises Wednesday, outperforms market.
MarketWatch,
8 hours ago
Clayton County Register
The Motley Fool
The Motley Fool
PR Newswire UK

Returns for GRMN

Cumulative Returns on GRMN

12.6%


10-Year Cumulative Returns

14.6%


7-Year Cumulative Returns

10.7%


5-Year Cumulative Returns

4.6%


3-Year Cumulative Returns

Risks for GRMN

What is the probability of a big loss on GRMN?

53.9%


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

42.3%


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

12.7%


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.

Drawdowns

Financials for Garmin

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.7%4,9154,8354,8604,9464,9975,0834,9834,9434,8604,4034,1873,9373,7633,8483,7583,5873,4633,4033,3473,3133,254
Gross Profit1.1%2,8282,7972,8072,8342,8592,9112,8902,9092,8812,6162,4812,3302,2292,2892,2342,1442,0572,0051,9801,9341,891
Operating Expenses2.2%1,8401,8011,7791,7581,7401,7141,6721,6351,5721,4901,4271,3701,3251,3181,2881,2521,2311,2171,2011,1951,174
  S&GA Expenses1.7%802789776762751740721743707658624550532529519506496488478481468
  R&D Expenses2.7%870847835824814799779720696676652668642625605589579572568555546
EBITDA-100.0%-1,1731,1841,1601,2131,3011,3101,3861,4411,1781,1051,0019221,000988------
EBITDA Margin-100.0%-0.24*0.24*0.23*0.24*0.26*0.26*0.28*0.30*0.27*0.26*0.25*0.24*0.26*0.26*------
Earnings Before Taxes3.5%1,0881,0511,0651,0441,0991,1921,2071,2891,3511,1761,103999920999987932875836823776764
EBT Margin-100.0%-0.22*0.22*0.21*0.22*0.23*0.24*0.26*0.28*0.27*0.26*0.25*0.24*0.26*0.26*------
Net Income3.1%9949649749661,0151,0741,0821,1301,1841,0519921,020934973952782738705694646613
Net Income Margin-100.0%-0.20*0.20*0.20*0.20*0.21*0.22*0.23*0.24*0.24*0.24*0.26*0.25*0.25*0.25*------
Free Cashflow-100.0%-6505442843844997051,0431,0751,097950770693631581------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.9%7,8727,7267,7317,6287,8147,7037,8547,5717,4037,0007,0316,5516,2206,0546,1675,7555,5255,2805,3835,0964,989
  Current Assets3.7%4,1113,9643,9553,9684,1234,0824,2624,0093,8843,5583,6693,3423,2582,9293,0582,7582,4612,5122,6652,4012,324
    Cash Equivalents4.7%1,4261,3621,2791,0821,0881,4181,4991,6401,6401,6001,4591,2241,3551,0491,0289778201,1161,2021,057947
  Inventory-5.2%1,4021,4791,5151,5331,4551,3401,2281,114939838762821813790753750648598562557501
  Net PPE1.3%1,1811,1651,1471,1001,1141,0931,067975958861856814791755729711702672664651637
  Goodwill0.3%573572568541561573575---584----------
  Current Liabilities43.8%1,4501,0081,2121,4431,6241,1531,4481,3741,4599331,1641,1231,1647821,0361,0431,028623921854929
Shareholder's Equity-4.4%6,1246,4056,2045,8785,8666,2496,1145,8555,5845,7165,5165,1044,7414,9344,7934,3814,1514,3154,1633,9533,759
  Retained Earnings-9.5%4,4654,9364,7344,4394,2264,5324,3214,0353,7763,9743,7543,4213,1083,3903,2292,8692,6412,8512,7112,5212,337
  Additional Paid-In Capital1.4%2,0782,0482,0422,0272,0091,9831,9611,9501,9271,8931,8801,8731,8521,8301,8361,8421,8251,8101,8241,8431,829
Accumulated Depreciation2.7%960934905-----------677---610--
Shares Outstanding0.0%191191192192193193193192192192192191191191191190190190189189189
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations22.0%1,0768827885896808301,0121,2791,3081,2781,135934848760699682757870920900835
  Share Based Compensation10.5%80.0073.0077.0082.0087.0095.0093.0096.0095.0088.0081.0069.0064.0064.0063.0062.0060.0058.0056.0054.0052.00
Cashflow From Investing1161.1%182-17.14-145-482-674-507-475-392-573-285-260-26211.00-497-450-436-468-227-307-344-361
Cashflow From Financing-1.2%-920-909-840-620-528-493-486-474-463-457-461-438-321-322-416-306-406-398-286-381-388
  Dividend Payments1.5%700690679528516504491479467459451442326325417309409401296392387
  Buy Backs---------------------21.00

GRMN Income Statement

2023-07-01
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended6 Months Ended
Jul. 01, 2023
Jun. 25, 2022
Jul. 01, 2023
Jun. 25, 2022
Income Statement [Abstract]    
Net sales$ 1,320,795$ 1,240,833$ 2,468,219$ 2,413,496
Cost of goods sold561,353512,0071,055,9831,022,190
Gross profit759,442728,8261,412,2361,391,306
Advertising expense46,34443,35776,69177,490
Selling, general and administrative expenses204,349191,211408,330381,995
Research and development expense224,394201,518445,878410,524
Total operating expense475,087436,086930,899870,009
Operating income284,355292,740481,337521,297
Other income (expense):    
Interest income18,7608,49534,65916,048
Foreign currency gains (losses)10,797(22,439)18,484(25,946)
Other income2,0641703,2683,431
Total other income (expense)31,621(13,774)56,411(6,467)
Income before income taxes315,976278,966537,748514,830
Income tax provision28,03721,09347,48245,366
Net income$ 287,939$ 257,873$ 490,266$ 469,464
Net income per share:    
Basic$ 1.51$ 1.34$ 2.56$ 2.43
Diluted$ 1.5$ 1.33$ 2.56$ 2.43
Weighted average common shares outstanding:    
Basic191,293193,074191,395192,980
Diluted191,597193,450191,741193,515

GRMN Balance Sheet

2023-07-01
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jul. 01, 2023
Dec. 31, 2022
Current assets:  
Cash and cash equivalents$ 1,425,526$ 1,279,194
Marketable securities253,689173,288
Accounts receivable, net716,802656,847
Inventories1,402,2251,515,045
Deferred costs15,24314,862
Prepaid expenses and other current assets297,516315,915
Total current assets4,111,0013,955,151
Property and equipment, net of accumulated depreciation of $960,129 and $904,9221,180,6541,147,005
Operating lease right-of-use assets134,995138,040
Noncurrent marketable securities1,100,2591,208,360
Deferred income tax assets493,943441,071
Noncurrent deferred costs10,4519,831
Goodwill572,985567,994
Other intangible assets, net165,591178,461
Other noncurrent assets101,92185,257
Total assets7,871,8007,731,170
Current liabilities:  
Accounts payable253,803212,417
Salaries and benefits payable157,774176,114
Accrued warranty costs52,35250,952
Accrued sales program costs80,70897,772
Other accrued expenses191,510197,376
Deferred revenue95,61891,092
Income taxes payable199,087246,180
Dividend payable418,801139,732
Total current liabilities1,449,6531,211,635
Deferred income tax liabilities116,651129,965
Noncurrent income taxes payable34,61334,627
Noncurrent deferred revenue35,93935,702
Noncurrent operating lease liabilities110,740114,541
Other noncurrent liabilities382360
Stockholders’ equity:  
Shares (195,880 and 198,077 shares authorized and issued 191,470 and 191,623 shares outstanding)19,58817,979
Additional paid-in capital2,077,5402,042,472
Treasury stock (4,410 and 6,454 shares)(322,688)(475,095)
Retained earnings4,464,6824,733,517
Accumulated other comprehensive income (loss)(115,300)(114,533)
Total stockholders’ equity6,123,8226,204,340
Total liabilities and stockholders’ equity$ 7,871,800$ 7,731,170
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.