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GRMN

GRMN - Garmin Ltd Stock Price, Fair Value and News

133.97USD+0.39 (+0.29%)Market Closed
Watchlist

Market Summary

USD133.97+0.39
Market Closed
0.29%

GRMN Alerts

  • Big jump in Earnings (Y/Y)

GRMN Stock Price

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GRMN RSI Chart

GRMN Valuation

Market Cap

23.4B

Price/Earnings (Trailing)

18.17

Price/Sales (Trailing)

4.48

EV/EBITDA

16.31

Price/Free Cashflow

19.81

GRMN Price/Sales (Trailing)

GRMN Profitability

EBT Margin

22.96%

Return on Equity

18.39%

Return on Assets

14.99%

Free Cashflow Yield

5.05%

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

-0.9%

Last 30 days

-1.3%

Last 90 days

2.3%

Trailing 12 Months

27.4%

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)

0.08%

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
YearQ1Q2Q3Q4
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
20083.3B3.3B3.4B3.5B
20070003.2B

Tracking the Latest Insider Buys and Sells of Garmin Ltd

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Dec 28, 2023
burrell jonathan
gifted
-
-
-132,500
-
Dec 18, 2023
pemble clifton a
sold
-137,855
125
-1,095
president and ceo
Dec 15, 2023
pemble clifton a
sold (taxes)
-824,890
126
-6,540
president and ceo
Dec 15, 2023
bartel danny j
sold (taxes)
-100,904
126
-800
vp, worldwide sales
Dec 15, 2023
bartel danny j
acquired
-
-
2,487
vp, worldwide sales
Dec 15, 2023
etkind andrew r
sold (taxes)
-134,833
126
-1,069
vp, general counsel, secretary
Dec 15, 2023
munn matthew
sold (taxes)
-89,426
126
-709
vp, man. director - auto oem
Dec 15, 2023
biddlecombe sean
sold (taxes)
-66,092
126
-524
managing director, emea
Dec 15, 2023
wang cheng-wei
acquired
-
-
2,070
general manager - garmin corp.
Dec 15, 2023
straub philip
sold (taxes)
-301,577
126
-2,391
evp, man. director - aviation

1–10 of 50

Which funds bought or sold GRMN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Feb 21, 2024
Raleigh Capital Management Inc.
new
-
1,414
1,414
-%
Feb 21, 2024
V-Square Quantitative Management LLC
reduced
-11.32
16,302
211,448
0.04%
Feb 20, 2024
READYSTATE ASSET MANAGEMENT LP
new
-
129
129
-%
Feb 20, 2024
VOISARD ASSET MANAGEMENT GROUP, INC.
new
-
65,170
65,170
0.04%
Feb 20, 2024
Quarry LP
reduced
-64.16
-10,231
7,969
-%
Feb 16, 2024
HARBOUR INVESTMENTS, INC.
added
2.59
11,333
56,043
-%
Feb 16, 2024
Peloton Wealth Strategists
reduced
-1.42
500,000
2,945,000
1.27%
Feb 16, 2024
PRICE T ROWE ASSOCIATES INC /MD/
added
2.18
5,321,000
26,738,000
-%
Feb 16, 2024
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main
unchanged
-
31,084
170,148
-%
Feb 16, 2024
Aspect Partners, LLC
new
-
2,314
2,314
-%

1–10 of 40

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
Feb 21, 2024
10-K
Annual Report
Feb 21, 2024
8-K
Current Report
Feb 20, 2024
3
Insider Trading
Feb 20, 2024
3
Insider Trading
Feb 13, 2024
SC 13G/A
Major Ownership Report
Feb 12, 2024
SC 13G/A
Major Ownership Report
Feb 06, 2024
SC 13G/A
Major Ownership Report
Feb 06, 2024
SC 13G/A
Major Ownership Report
Dec 29, 2023
4
Insider Trading
Dec 19, 2023
4
Insider Trading

What is the Fair Value of GRMN?

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Disclaimer: Conduct thorough research and seek guidance from a certified financial advisor prior to finalizing any investment choices.

Peers (Alternatives to Garmin Ltd)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.8T
385.7B
-1.94% 20.73%
28.21
7.38
-0.47% 6.03%
63.9B
12.6B
9.35% 32.49%
33.12
5.09
-0.54% 1.35%
30.1B
6.0B
17.31% 23.76%
36.38
5.01
6.01% 19.45%
27.9B
12.6B
4.28% -9.48%
46.55
2.22
-11.28% -55.18%
11.8B
29.4B
20.96% 15.47%
15.66
0.4
-1.12% -8.06%
MID-CAP
7.0B
837.5M
0.13% -28.14%
61.88
8.37
-16.75% -47.46%
6.2B
33.1B
-1.47% -10.15%
6.9
0.19
-10.82% -36.63%
4.6B
703.6M
3.75% 32.56%
49.34
6.49
24.40% 39.25%
4.2B
25.6B
-4.37% -2.11%
6.26
0.16
-2.73% -21.96%
2.6B
968.8M
2.16% 10.05%
28.25
2.71
9.35% 8.73%
SMALL-CAP
1.8B
2.9B
4.65% 63.06%
23.05
0.63
-9.59% -15.59%
1.1B
2.9B
13.46% 20.63%
15.56
0.36
4.68% 14.39%
336.0M
1.0B
-28.18% -56.67%
-6.32
0.33
-8.05% -284.36%
33.4M
26.9M
3.48% -15.60%
22.27
1.24
0.90% -27.90%
1.2M
56.7M
-96.08% -99.32%
-0.14
0.02
-41.04% -726.48%

Garmin Ltd News

Latest updates
AmericanBankingNEWS35 minutes ago
TradingView45 hours ago
Yahoo Finance19 Feb 202402:53 pm
Simply Wall St13 Feb 202406:50 pm
Simply Wall St08 Feb 202408:00 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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue16.0%1,4831,2781,3211,1471,3061,1401,2411,1731,3921,1921,3271,0721,3511,1098708561,102934955766932
Gross Profit18.6%864729759653745670729662772696781642791668515507639567575452549
Operating Expenses14.3%524458475456478431436434457413410392420351327329363306319300326
  S&GA Expenses11.8%225201204204204190191191191178181172212142132137138125129127126
  R&D Expenses7.1%237222224221216209202209205199186189146175166165162149149146145
EBITDA Margin0.9%0.26*0.25*0.25*0.24*0.24*0.23*0.24*0.26*0.26*0.28*0.30*----------
Income Taxes-45.7%12.0022.0028.0019.0037.009.0021.0024.007.0016.0055.0030.0057.0023.0014.0016.00-73.3830.0052.0026.0042.00
Earnings Before Taxes37.0%383280316222330220279236309275372251391337198178287258276166232
EBT Margin1.1%0.23*0.23*0.22*0.22*0.22*0.21*0.22*0.23*0.24*0.26*0.28*----------
Net Income110.7%542257288202293211258212286259317220334313184161361228224140190
Net Income Margin19.7%0.25*0.21*0.20*0.20*0.20*0.20*0.20*0.21*0.22*0.23*0.24*----------
Free Cashflow33.8%4173122212323091045.0012649.00204120----------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets8.0%8,6047,9657,8727,7267,7317,6287,8147,7037,8547,5717,4037,0007,0316,5516,2206,0546,1675,7555,5255,2805,383
  Current Assets7.4%4,4644,1574,1113,9643,9553,9684,1234,0824,2624,0093,8843,5583,6693,3423,2582,9293,0582,7582,4612,5122,665
    Cash Equivalents19.1%1,6941,4231,4261,3621,2791,0831,0881,4181,4991,6401,6401,6001,4591,2241,3551,0491,0289778201,1161,202
  Inventory-6.5%1,3461,4401,4021,4791,5151,5331,4551,3401,2281,114939838762821813790753750648598562
  Net PPE3.1%1,2241,1871,1811,1651,1471,1001,1141,0931,067975958861856814791755729711702672664
  Goodwill2.4%608594573572568541561573575---584--------
  Current Liabilities-1.3%1,3111,3281,4501,0081,2121,4431,6241,1531,4481,3741,4599331,1641,1231,1647821,0361,0431,028623921
Shareholder's Equity10.4%7,0126,3496,1246,4056,2045,8785,8666,2496,1145,8555,5845,7165,5165,1044,7414,9344,7934,3814,1514,3154,163
  Retained Earnings11.5%5,2644,7224,4654,9364,7344,4394,2264,5324,3214,0353,7763,9743,7543,4213,1083,3903,2292,8692,6412,8512,711
  Additional Paid-In Capital1.2%2,1252,1002,0782,0482,0422,0272,0091,9831,9611,9501,9271,8931,8801,8731,8521,8301,8361,8421,8251,8101,824
Accumulated Depreciation4.9%1,031982960934905-----------677---610
Shares Outstanding0.2%192191191191192193193193193192192192---------
Float-------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/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations30.4%46635727427936915480.00186169245230368436274199226234189111165218
  Share Based Compensation54.3%35.0023.0023.0021.0019.0018.0015.0025.0024.0023.0023.0023.0027.0022.0016.0016.0016.0017.0016.0015.0014.00
Cashflow From Investing67.0%-65.28-197-62.23-7.9017478.00-261-135-163-113-93.91-104-81.19-294194-78.87-82.94-21.41-313-32.62-68.69
Cashflow From Financing-0.9%-150-149-144-192-362-220-133-123-142-128-99.45-116-129-117-93.98-120-107-0.02-95.50-2132.00
  Dividend Payments-0.1%140140140140280141129129129129117117117117109109108-1082010.00

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 sold2,223,2972,053,5112,092,336
Gross profit3,004,9552,806,7752,890,459
Advertising expense173,109168,040171,829
Selling, general and administrative expenses834,990775,963721,260
Research and development expense904,696834,927778,750
Total operating expense1,912,7951,778,9301,671,839
Operating income1,092,1601,027,8451,218,620
Other income (expense):   
Interest income77,30240,82628,573
Foreign currency gains (losses)26,434(11,274)(45,263)
Other income4,4607,5774,866
Total other income (expense)108,19637,129(11,824)
Income before income taxes1,200,3561,064,9741,206,796
Income tax provision (benefit)   
Current250,446233,844130,040
Deferred(339,726)(142,455)(5,444)
Income tax expenses(89,280)91,389124,596
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 securities274,618173,288
Accounts receivable, less allowance for doubtful accounts of $7,152 in 2023 and $5,098 in 2022815,243656,847
Inventories1,345,9551,515,045
Deferred costs16,31614,862
Prepaid expenses and other current assets318,556315,915
Total current assets4,464,1403,955,151
Property and equipment, net1,224,0971,147,005
Operating lease right-of-use assets143,724138,040
Noncurrent marketable securities1,125,1911,208,360
Deferred income tax assets754,635441,071
Noncurrent deferred costs11,0579,831
Goodwill608,474567,994
Other intangible assets, net186,601178,461
Other noncurrent assets85,65085,257
Total assets8,603,5697,731,170
Current liabilities:  
Accounts payable253,790212,417
Salaries and benefits payable190,014176,114
Accrued warranty costs55,73850,952
Accrued sales program costs98,61097,772
Other accrued expenses245,874197,376
Deferred revenue101,18991,092
Income taxes payable225,475246,180
Dividend payable139,997139,732
Total current liabilities1,310,6871,211,635
Deferred income tax liabilities114,682129,965
Noncurrent income taxes payable16,52134,627
Noncurrent deferred revenue36,14835,702
Noncurrent operating lease liabilities113,035114,541
Other noncurrent liabilities436360
Stockholders’ equity:  
Common shares (195,880 and 198,077 shares authorized and issued; 191,777 and 191,623 shares outstanding)19,58817,979
Additional paid-in capital2,125,4672,042,472
Treasury shares (4,103 and 6,454 shares)(330,909)(475,095)
Retained earnings5,263,5284,733,517
Accumulated other comprehensive income (loss)(65,614)(114,533)
Total stockholders’ equity7,012,0606,204,340
Total liabilities and stockholders’ equity$ 8,603,569$ 7,731,170
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
 WEBSITEwww.garmin.com
 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 Feb 22 2024, market cap of Garmin Ltd is 23.44 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 Feb 22 2024, GRMN's PE ratio (Price to Earnings) is 18.17 and Price to Sales (PS) ratio is 4.48. 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 0.134 (multiply by 100 for percentage) rate of return.