Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. More Details
Flawless balance sheet average dividend payer.
Share Price & News
How has Garmin's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GRMN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GRMN's weekly volatility (3%) has been stable over the past year.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: GRMN underperformed the US Consumer Durables industry which returned 120.5% over the past year.
Return vs Market: GRMN exceeded the US Market which returned 52.4% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Garmin's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Garmin undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GRMN ($139.6) is trading above our estimate of fair value ($119.02)
Significantly Below Fair Value: GRMN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GRMN is poor value based on its PE Ratio (25.4x) compared to the US Consumer Durables industry average (18x).
PE vs Market: GRMN is poor value based on its PE Ratio (25.4x) compared to the US market (20.6x).
Price to Earnings Growth Ratio
PEG Ratio: GRMN is poor value based on its PEG Ratio (2.9x)
Price to Book Ratio
PB vs Industry: GRMN is overvalued based on its PB Ratio (4.7x) compared to the US Consumer Durables industry average (2.3x).
How is Garmin forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GRMN's forecast earnings growth (8.9% per year) is above the savings rate (2%).
Earnings vs Market: GRMN's earnings (8.9% per year) are forecast to grow slower than the US market (16% per year).
High Growth Earnings: GRMN's earnings are forecast to grow, but not significantly.
Revenue vs Market: GRMN's revenue (7.5% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: GRMN's revenue (7.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GRMN's Return on Equity is forecast to be low in 3 years time (17.6%).
How has Garmin performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRMN has high quality earnings.
Growing Profit Margin: GRMN's current net profit margins (23.9%) are lower than last year (25.3%).
Past Earnings Growth Analysis
Earnings Trend: GRMN's earnings have grown by 14.9% per year over the past 5 years.
Accelerating Growth: GRMN's earnings growth over the past year (8%) is below its 5-year average (14.9% per year).
Earnings vs Industry: GRMN earnings growth over the past year (8%) underperformed the Consumer Durables industry 56.9%.
Return on Equity
High ROE: GRMN's Return on Equity (18.4%) is considered low.
How is Garmin's financial position?
Financial Position Analysis
Short Term Liabilities: GRMN's short term assets ($3.6B) exceed its short term liabilities ($933.1M).
Long Term Liabilities: GRMN's short term assets ($3.6B) exceed its long term liabilities ($350.8M).
Debt to Equity History and Analysis
Debt Level: GRMN is debt free.
Reducing Debt: GRMN has not had any debt for past 5 years.
Debt Coverage: GRMN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GRMN has no debt, therefore coverage of interest payments is not a concern.
What is Garmin current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: GRMN's dividend (1.92%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: GRMN's dividend (1.92%) is low compared to the top 25% of dividend payers in the US market (3.42%).
Stability and Growth of Payments
Stable Dividend: GRMN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRMN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.8%), GRMN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GRMN's dividends in 3 years are forecast to be well covered by earnings (49.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Cliff Albert Pemble (54 yo)
Mr. Clifton Albert Pemble, also known as Cliff, has been the Chief Executive Officer of Garmin Ltd., since January 1, 2013 and President since October 2007. Mr. Pemble serves as the Managing Director of NA...
CEO Compensation Analysis
Compensation vs Market: Cliff's total compensation ($USD3.23M) is below average for companies of similar size in the US market ($USD11.13M).
Compensation vs Earnings: Cliff's compensation has been consistent with company performance over the past year.
Experienced Management: GRMN's management team is seasoned and experienced (14.5 years average tenure).
Experienced Board: GRMN's board of directors are seasoned and experienced ( 12.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GRMN insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Garmin Ltd.'s company bio, employee growth, exchange listings and data sources
- Name: Garmin Ltd.
- Ticker: GRMN
- Exchange: NasdaqGS
- Founded: 1989
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: US$26.823b
- Shares outstanding: 192.14m
- Website: https://www.garmin.com
Number of Employees
- Garmin Ltd.
- MUehlentalstrasse 2
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Midd...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/05/05 23:37|
|End of Day Share Price||2021/05/05 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.