Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide.
Flawless balance sheet with solid track record and pays a dividend.
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 has not had significant price volatility in the past 3 months.
7 Day Return
US Consumer Durables
1 Year Return
US Consumer Durables
Return vs Industry: GRMN exceeded the US Consumer Durables industry which returned 35.5% over the past year.
Return vs Market: GRMN exceeded the US Market which returned 20.1% over the past year.
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
1 week ago | Simply Wall StAre Garmin Ltd.’s (NASDAQ:GRMN) High Returns Really That Great?
3 weeks ago | Simply Wall StWhat Is Garmin Ltd.'s (NASDAQ:GRMN) Share Price Doing?
1 month ago | Simply Wall StDoes Garmin (NASDAQ:GRMN) Deserve A Spot On Your Watchlist?
Is Garmin undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GRMN ($98.18) is trading below our estimate of fair value ($105.65)
Significantly Below Fair Value: GRMN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: GRMN is poor value based on its PE Ratio (23.8x) compared to the Consumer Durables industry average (13.5x).
PE vs Market: GRMN is poor value based on its PE Ratio (23.8x) compared to the US market (18.3x).
Price to Earnings Growth Ratio
PEG Ratio: GRMN is poor value based on its PEG Ratio (4.6x)
Price to Book Ratio
PB vs Industry: GRMN is overvalued based on its PB Ratio (4.3x) compared to the US Consumer Durables industry average (1.5x).
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 (5.2% per year) is above the savings rate (1.7%).
Earnings vs Market: GRMN's earnings (5.2% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: GRMN's earnings are forecast to grow, but not significantly.
Revenue vs Market: GRMN's revenue (5% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GRMN's revenue (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 (17.4%).
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 (21.8%) are higher than last year (19.5%).
Past Earnings Growth Analysis
Earnings Trend: GRMN's earnings have grown by 16% per year over the past 5 years.
Accelerating Growth: GRMN's earnings growth over the past year (21%) exceeds its 5-year average (16% per year).
Earnings vs Industry: GRMN earnings growth over the past year (21%) exceeded the Consumer Durables industry 7.3%.
Return on Equity
High ROE: GRMN's Return on Equity (17.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Garmin's financial position?
Financial Position Analysis
Short Term Liabilities: GRMN's short term assets ($2.8B) exceed its short term liabilities ($1.0B).
Long Term Liabilities: GRMN's short term assets ($2.8B) exceed its long term liabilities ($331.3M).
Debt to Equity History and Analysis
Debt Level: GRMN is debt free.
Reducing Debt: GRMN has not had any debt for past 5 years.
Debt Coverage: GRMN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GRMN has no debt, therefore coverage of interest payments is not a concern.
Inventory Level: GRMN has a high level of physical assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if GRMN's debt is covered by short term assets.
What is Garmin's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Garmin before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GRMN's dividend (2.32%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: GRMN's dividend (2.32%) is low compared to the top 25% of dividend payers in the US market (3.68%).
Stability and Growth of Payments
Stable Dividend: GRMN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRMN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (55.3%), GRMN's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GRMN's dividends in 3 years are forecast to be covered by earnings (52.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Cliff Albert Pemble (53yo)
Mr. Clifton Albert Pemble, also known as Cliff, has been the Chief Executive Officer of Garmin Ltd., since January 1, 2013 and President since October 2007. Mr. Pemble serves as the Managing Director of NA ...
CEO Compensation Analysis
Compensation vs Market: Cliff's total compensation ($USD2.93M) is below average for companies of similar size in the US market ($USD10.82M).
Compensation vs Earnings: Cliff's compensation has increased by more than 20% in the past year.
|Co-Founder & Executive Chairman||15.5yrs||US$382.69k||6.67% $1.2b|
|CFO, Principal Accounting Officer & Treasurer||5.6yrs||US$1.15m||0.011% $2.0m|
|VP, General Counsel & Secretary||19.5yrs||US$1.57m||0.023% $4.3m|
|Executive VP & MD of Aviation - Garmin International||0yrs||US$1.73m||0.023% $4.3m|
|Executive Vice President of Operations - Garmin International||0yrs||US$1.23m||0.012% $2.2m|
|Manager of Investor Relations||0yrs||no data||no data|
|Director of Corporate Communications||0yrs||no data||no data|
|Managing Director of EMEA||0yrs||no data||0.0030% $561.8k|
Experienced Management: GRMN's management team is seasoned and experienced (13.3 years average tenure).
|Co-Founder & Executive Chairman||15.5yrs||US$382.69k||6.67% $1.2b|
|Independent Director||6.7yrs||US$239.96k||0.0060% $1.1m|
|Independent Director||15.5yrs||US$244.96k||0.011% $2.1m|
|Director||0.7yrs||no data||no data|
Experienced Board: GRMN's board of directors are seasoned and experienced ( 11.1 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold 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: 1990
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Market Cap: US$18.664b
- Shares outstanding: 190.10m
- Website: https://www.garmin.com
Number of Employees
- Garmin Ltd.
- Mühlentalstrasse 2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GRMN||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Dec 2000|
|GEY||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Dec 2000|
|0VQS||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Dec 2000|
|GRMN||BASE (Buenos Aires Stock Exchange)||CEDEAR EACH 3 REP 1 COM CHF10.00||AR||ARS||Apr 2019|
|G1RM34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 2 REPR 1 COM||BR||BRL||Jan 2020|
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin Drive and VIRB names. The Aviation segment provides flight display, navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, and in-cockpit and cloud connectivity products; datalink weather receivers and services; engine information, traffic collision avoidance, and terrain awareness and warning systems; wearables, portables, and apps; and training, simulation, flight planning/filing, premium trip, and aviation data services. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, and digital switching equipment. The Outdoor segment offers outdoor handhelds, smartwatches, golf devices, and dog tracking and training/pet obedience devices; Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms; and Connect IQ application development platform. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 01:01|
|End of Day Share Price||2020/02/14 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.