Market Summary
USD95.78+0.48
Delayedas of 23 Mar 2023, 12:58 pm0.50%
GRMN Alerts
GRMN Stock Price
GRMN RSI Chart
GRMN Valuation
GRMN Price/Sales (Trailing)
GRMN Profitability
GRMN Fundamentals
GRMN Revenue
GRMN Earnings
Price Action
52 Week Range
76.37120.82
(Low)(High)
Last 7 days
-2.3%
Last 30 days
-1.9%
Last 90 days
3.4%
Trailing 12 Months
-11.9%
GRMN Financial Health
GRMN Investor Care
Peers (Alternatives to Garmin)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
DHI | 33.7B | 33.7B | -4.22% | 20.48% | 5.93 | 1 | 16.58% | 25.40% |
GRMN | 18.6B | 4.9B | -1.90% | -11.92% | 19.15 | 3.84 | -2.46% | -10.04% |
PHM | 12.6B | 16.2B | -4.83% | 17.99% | 4.83 | 0.78 | 16.53% | 34.48% |
| MID-CAP | ||||||||
WHR | 7.0B | 19.7B | -12.75% | -30.01% | -4.6 | 0.35 | -10.28% | -185.19% |
MHK | 6.8B | 11.7B | -21.05% | -31.64% | 270.87 | 0.58 | 4.79% | -97.56% |
NWL | 4.9B | 9.5B | -17.34% | -43.78% | 24.69 | 0.51 | -10.67% | -68.33% |
LEG | 4.2B | 5.1B | -10.73% | -14.14% | 13.49 | 0.81 | 1.46% | -23.01% |
SONO | 2.5B | 1.8B | -9.34% | -21.48% | 130.28 | 1.41 | 1.43% | -87.25% |
HELE | 2.2B | 2.2B | -9.91% | -53.39% | 15.25 | 1.03 | 0.90% | -28.74% |
| SMALL-CAP | ||||||||
IRBT | 1.2B | 1.2B | 5.84% | -20.88% | -4.29 | 1.04 | -24.38% | -1042.07% |
GPRO | 788.4M | 1.1B | -10.56% | -33.33% | 27.33 | 0.72 | -5.82% | -92.23% |
VUZI | 253.3M | 11.8M | -20.30% | -34.78% | -6.21 | 21.4 | -10.10% | -0.96% |
UEIC | 123.8M | 542.8M | -59.34% | -68.36% | 304.12 | 0.23 | -9.78% | -92.32% |
NEPH | 10.3M | 10.4M | -12.93% | -74.04% | -1.43 | 0.99 | 2.73% | -97.53% |
Financials for Garmin
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -1.7% | 4,860 | 4,946 | 4,997 | 5,083 | 4,983 |
| Gross Profit | -1.0% | 2,807 | 2,834 | 2,859 | 2,911 | 2,890 |
| Operating Expenses | 1.2% | 1,779 | 1,758 | 1,740 | 1,714 | 1,672 |
| S&GA Expenses | 1.8% | 776 | 762 | 751 | 740 | 721 |
| R&D Expenses | 1.3% | 835 | 824 | 814 | 799 | 779 |
| EBITDA | 2.0% | 1,184 | 1,160 | 1,213 | 1,301 | - |
| EBITDA Margin | 3.8% | 0.24* | 0.23* | 0.24* | 0.26* | - |
| Earnings Before Taxes | 2.0% | 1,065 | 1,044 | 1,099 | 1,192 | 1,207 |
| EBT Margin | 3.8% | 0.22* | 0.21* | 0.22* | 0.23* | - |
| Net Income | 0.7% | 974 | 966 | 1,015 | 1,074 | 1,082 |
| Net Income Margin | 2.5% | 0.20* | 0.20* | 0.20* | 0.21* | - |
| Free Cahsflow | 91.6% | 544 | 284 | 384 | 499 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | 1.4% | 7,731 | 7,628 | 7,814 | 7,703 | 7,854 |
| Current Assets | -0.3% | 3,955 | 3,968 | 4,123 | 4,082 | 4,262 |
| Cash Equivalents | 18.2% | 1,279 | 1,082 | 1,087 | 1,418 | 1,498 |
| Inventory | -1.2% | 1,515 | 1,533 | 1,455 | 1,340 | 1,228 |
| Net PPE | 4.2% | 1,147 | 1,100 | 1,114 | 1,093 | 1,067 |
| Goodwill | 5.0% | 568 | 541 | 561 | 573 | 575 |
| Current Liabilities | -16.0% | 1,212 | 1,443 | 1,624 | 1,153 | 1,448 |
| Shareholder's Equity | 5.5% | 6,204 | 5,878 | 5,866 | 6,249 | 6,114 |
| Retained Earnings | 6.6% | 4,734 | 4,439 | 4,226 | 4,532 | 4,321 |
| Additional Paid-In Capital | 0.8% | 2,042 | 2,027 | 2,009 | 1,983 | 1,961 |
| Shares Outstanding | -0.3% | 192 | 192 | 193 | 193 | 193 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | 33.9% | 788 | 589 | 680 | 830 | 1,012 |
| Share Based Compensation | -6.0% | 77.00 | 82.00 | 87.00 | 95.00 | 93.00 |
| Cashflow From Investing | 69.9% | -145 | -482 | -674 | -507 | -475 |
| Cashflow From Financing | -35.5% | -840 | -620 | -528 | -493 | -486 |
| Dividend Payments | 28.6% | 679 | 528 | 516 | 504 | 491 |
Risks for GRMN
What is the probability of a big loss on GRMN?
46.1%
Probability that Garmin stock will be more than 20% underwater in next one year
41.9%
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
Returns for GRMN
Cumulative Returns on GRMN
14.2%
10-Year Cumulative Returns
16.6%
7-Year Cumulative Returns
12.1%
5-Year Cumulative Returns
9.0%
3-Year Cumulative Returns
What are the long-term rolling returns for GRMN?
FIve years rolling returns for Garmin.
Annualized Returns
Which funds bought or sold GRMN recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | new | - | 288,735 | 288,735 | 0.01% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | reduced | -2.77 | 4,231,850 | 40,283,800 | 0.04% |
2023-03-08 | Capital Asset Advisory Services LLC | unchanged | - | 31,814 | 248,814 | 0.02% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -45.1 | -76,000 | 129,000 | -% |
2023-02-28 | Voya Investment Management LLC | added | 2.52 | 777,890 | 5,144,890 | 0.01% |
2023-02-22 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | unchanged | - | 167,000 | 1,284,000 | 0.01% |
2023-02-21 | NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | reduced | -2.33 | 28,238 | 255,238 | -% |
2023-02-21 | MACQUARIE GROUP LTD | reduced | -8.69 | 1,836,440 | 39,051,400 | 0.05% |
2023-02-17 | TRUIST FINANCIAL CORP | reduced | -0.87 | 78,921 | 648,921 | -% |
2023-02-17 | Linden Thomas Advisory Services, LLC | new | - | 859,410 | 859,410 | 0.24% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
GRMN Alerts
Garmin News
Schedule 13G FIlings of Garmin
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| 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 | |
| Jan 28, 2022 | kao min h | 9.67% | 18,859,060 | SC 13G/A |
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 Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
|---|---|---|---|---|---|
| Very Low Inflation | 65.81 -31.29% | 88.00 -8.12% | 122.01 27.39% | 160.67 67.75% | 202.01 110.91% |
| Current Inflation | 60.30 -37.04% | 79.16 -17.35% | 107.56 12.30% | 139.75 45.91% | 174.16 81.83% |
| Very High Inflation | 53.49 -44.15% | 68.51 -28.47% | 90.62 -5.39% | 115.61 20.70% | 142.33 48.60% |
Historical Garmin Fair Value Estimates
Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price
Recent SEC filings of Garmin
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 14, 2023 | 4 | Insider Trading | |
| Mar 09, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading | |
| Feb 28, 2023 | 4 | Insider Trading |
Latest Insider Trading transactions for GRMN
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-03-14 | BURRELL JONATHAN | gifted | - | - | 1,080,000 | - |
2023-03-14 | BURRELL JONATHAN | gifted | - | - | -1,080,000 | - |
2023-03-13 | BURRELL JONATHAN | gifted | - | - | -1,080,000 | - |
2023-03-13 | BURRELL JONATHAN | gifted | - | - | 1,080,000 | - |
2023-03-08 | BURRELL JONATHAN | gifted | - | - | 513,547 | - |
2023-03-08 | BURRELL JONATHAN | gifted | - | - | -893,547 | - |
2023-03-08 | BURRELL JONATHAN | gifted | - | - | 300,000 | - |
2023-02-28 | ETKIND ANDREW R | gifted | - | - | -340 | vp, general counsel, secretary |
2023-02-28 | Munn Matthew | sold | -446,180 | 98.3641 | -4,536 | vp, man. director - auto oem |
2023-02-28 | Desbois Patrick | sold | -393,114 | 98.5 | -3,991 | evp, operations |
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
2022-12-31Consolidated Statements of Income - USD ($) $ in Thousands | 12 Months Ended | ||||
|---|---|---|---|---|---|
Dec. 31, 2022 | Dec. 25, 2021 | Dec. 26, 2020 | |||
| Income Statement [Abstract] | |||||
| Net sales | [1] | $ 4,860,286 | $ 4,982,795 | $ 4,186,573 | |
| Cost of goods sold | 2,053,511 | 2,092,336 | 1,705,237 | ||
| Gross profit | 2,806,775 | 2,890,459 | 2,481,336 | ||
| Advertising expense | 168,040 | 171,829 | 151,166 | ||
| Selling, general and administrative expenses | 775,963 | 721,260 | 623,588 | ||
| Research and development expense | 834,927 | 778,750 | 652,342 | ||
| Total operating expense | 1,778,930 | 1,671,839 | 1,427,096 | ||
| Operating income | 1,027,845 | 1,218,620 | 1,054,240 | ||
| Other income (expense): | |||||
| Interest income | 40,826 | 28,573 | 37,002 | ||
| Foreign currency gains (losses) | (11,274) | (45,263) | 2,825 | ||
| Other income | 7,577 | 4,866 | 9,343 | ||
| Total other income (expense) | 37,129 | (11,824) | 49,170 | ||
| Income before income taxes | 1,064,974 | 1,206,796 | 1,103,410 | ||
| Income tax provision (benefit) | |||||
| Current | 233,844 | 130,040 | 104,471 | ||
| Deferred | (142,455) | (5,444) | 6,615 | ||
| Income tax expenses | 91,389 | 124,596 | 111,086 | ||
| Net income | $ 973,585 | $ 1,082,200 | $ 992,324 | ||
| Basic net income per share | $ 5.06 | $ 5.63 | $ 5.19 | ||
| Diluted net income per share | $ 5.04 | $ 5.61 | $ 5.17 | ||
| |||||
GRMN Balance Sheet
2022-12-31Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 25, 2021 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 1,279,194 | $ 1,498,058 |
| Marketable securities | 173,288 | 347,980 |
| Accounts receivable, less allowance for doubtful accounts of $5,098 in 2022 and $7,080 in 2021 | 656,847 | 843,445 |
| Inventories | 1,515,045 | 1,227,609 |
| Deferred costs | 14,862 | 15,961 |
| Prepaid expenses and other current assets | 315,915 | 328,719 |
| Total current assets | 3,955,151 | 4,261,772 |
| Property and equipment, net | 1,147,005 | 1,067,478 |
| Operating lease right-of-use assets | 138,040 | 89,457 |
| Noncurrent marketable securities | 1,208,360 | 1,268,698 |
| Deferred income tax assets | 441,071 | 260,205 |
| Noncurrent deferred costs | 9,831 | 12,361 |
| Goodwill | 567,994 | 575,080 |
| Other intangible assets, net | 178,461 | 215,993 |
| Other noncurrent assets | 85,257 | 103,383 |
| Total assets | 7,731,170 | 7,854,427 |
| Current liabilities: | ||
| Accounts payable | 212,417 | 370,048 |
| Salaries and benefits payable | 176,114 | 211,371 |
| Accrued warranty costs | 50,952 | 45,467 |
| Accrued sales program costs | 97,772 | 121,514 |
| Other accrued expenses | 197,376 | 225,988 |
| Deferred revenue | 91,092 | 87,654 |
| Income taxes payable | 246,180 | 128,083 |
| Dividend payable | 139,732 | 258,023 |
| Total current liabilities | 1,211,635 | 1,448,148 |
| Deferred income tax liabilities | 129,965 | 117,595 |
| Noncurrent income taxes payable | 34,627 | 62,539 |
| Noncurrent deferred revenue | 35,702 | 41,618 |
| Noncurrent operating lease liabilities | 114,541 | 70,044 |
| Other noncurrent liabilities | 360 | 324 |
| Stockholders’ equity: | ||
| Shares, CHF 0.10 par value, 198,077 shares authorized and issued, 191,623 shares outstanding at December 31, 2022; and 192,608 shares outstanding at December 25, 2021: | 17,979 | 17,979 |
| Additional paid-in capital | 2,042,472 | 1,960,722 |
| Treasury stock (6,454 and 5,469 shares, respectively) | (475,095) | (303,114) |
| Retained earnings | 4,733,517 | 4,320,737 |
| Accumulated other comprehensive income (loss) | (114,533) | 117,835 |
| Total stockholders’ equity | 6,204,340 | 6,114,159 |
| Total liabilities and stockholders’ equity | $ 7,731,170 | $ 7,854,427 |