GRMN Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$100.61|
|52 Week High||US$178.81|
|52 Week Low||US$92.53|
|1 Month Change||-3.82%|
|3 Month Change||-12.78%|
|1 Year Change||-31.94%|
|3 Year Change||27.78%|
|5 Year Change||100.02%|
|Change since IPO||906.10%|
Recent News & Updates
Garmin: Please Keep A Potential Recession In Mind
While Garmin is growing its top line, earnings per share declined and especially free cash flow was plummeting in the first quarter of fiscal 2022. Management and analysts are expecting rather high growth for the years to come, but the looming recession is posing a huge risk for Garmin. Garmin might be fairly valued if we assume a mild impact from a potential recession, but overvalued in case of a steep recession.
Garmin (NYSE:GRMN) Has Announced That It Will Be Increasing Its Dividend To US$0.73
Garmin Ltd.'s ( NYSE:GRMN ) dividend will be increasing to US$0.73 on 30th of June. Based on the announced payment, the...
|GRMN||US Consumer Durables||US Market|
Return vs Industry: GRMN underperformed the US Consumer Durables industry which returned -28.3% over the past year.
Return vs Market: GRMN underperformed the US Market which returned -18.4% over the past year.
|GRMN Average Weekly Movement||4.4%|
|Consumer Durables Industry Average Movement||8.5%|
|Market Average Movement||8.2%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.4%|
Stable Share Price: GRMN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: GRMN's weekly volatility (4%) has been stable over the past year.
About the Company
|1989||18,700||Cliff Albert Pemble||https://www.garmin.com|
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.
Garmin Fundamentals Summary
|GRMN fundamental statistics|
Is GRMN overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|GRMN income statement (TTM)|
|Cost of Revenue||US$2.17b|
Last Reported Earnings
Mar 26, 2022
Next Earnings Date
|Earnings per share (EPS)||5.56|
|Net Profit Margin||21.12%|
How did GRMN perform over the long term?See historical performance and comparison
2.9%Current Dividend Yield
Does GRMN pay a reliable dividends?See GRMN dividend history and benchmarks
|Garmin dividend dates|
|Ex Dividend Date||Sep 14 2022|
|Dividend Pay Date||Sep 30 2022|
|Days until Ex dividend||69 days|
|Days until Dividend pay date||85 days|
Does GRMN pay a reliable dividends?See GRMN dividend history and benchmarks
Is GRMN undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for GRMN?
Other financial metrics that can be useful for relative valuation.
|What is GRMN's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does GRMN's PE Ratio compare to its peers?
|GRMN PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
DHI D.R. Horton
Price-To-Earnings vs Peers: GRMN is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the peer average (7.5x).
Price to Earnings Ratio vs Industry
How does GRMN's PE Ratio compare vs other companies in the US Consumer Durables Industry?
Price-To-Earnings vs Industry: GRMN is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the US Consumer Durables industry average (7.5x)
Price to Earnings Ratio vs Fair Ratio
What is GRMN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||18.1x|
|Fair PE Ratio||15.2x|
Price-To-Earnings vs Fair Ratio: GRMN is expensive based on its Price-To-Earnings Ratio (18.1x) compared to the estimated Fair Price-To-Earnings Ratio (15.2x).
Share Price vs Fair Value
What is the Fair Price of GRMN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: GRMN ($100.61) is trading below our estimate of fair value ($202.63)
Significantly Below Fair Value: GRMN is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: GRMN is poor value based on its PEG Ratio (2x)
Discover undervalued companies
How is Garmin forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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 (1.9%).
Earnings vs Market: GRMN's earnings (8.9% per year) are forecast to grow slower than the US market (13% per year).
High Growth Earnings: GRMN's earnings are forecast to grow, but not significantly.
Revenue vs Market: GRMN's revenue (7.2% per year) is forecast to grow slower than the US market (7.9% per year).
High Growth Revenue: GRMN's revenue (7.2% 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 high in 3 years time (21.1%)
Discover growth companies
How has Garmin performed over the past 5 years?
Past Performance Score2/6
Past Performance Score 2/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GRMN has high quality earnings.
Growing Profit Margin: GRMN's current net profit margins (21.1%) are lower than last year (23.9%).
Past Earnings Growth Analysis
Earnings Trend: GRMN's earnings have grown by 13.5% per year over the past 5 years.
Accelerating Growth: GRMN's earnings growth over the past year (2.2%) is below its 5-year average (13.5% per year).
Earnings vs Industry: GRMN earnings growth over the past year (2.2%) underperformed the Consumer Durables industry 39.2%.
Return on Equity
High ROE: GRMN's Return on Equity (17.2%) is considered low.
Discover strong past performing companies
How is Garmin's financial position?
Financial Health Score6/6
Financial Health Score 6/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: GRMN's short term assets ($4.1B) exceed its short term liabilities ($1.2B).
Long Term Liabilities: GRMN's short term assets ($4.1B) exceed its long term liabilities ($301.9M).
Debt to Equity History and Analysis
Debt Level: GRMN is debt free.
Reducing Debt: GRMN has not had any debt for past 5 years.
Debt Coverage: GRMN has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: GRMN has no debt, therefore coverage of interest payments is not a concern.
Discover healthy companies
What is Garmin current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GRMN's dividend (2.9%) is higher than the bottom 25% of dividend payers in the US market (1.61%).
High Dividend: GRMN's dividend (2.9%) is low compared to the top 25% of dividend payers in the US market (4.27%).
Stability and Growth of Payments
Stable Dividend: GRMN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRMN's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.3%), GRMN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (113.4%), GRMN's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Cliff Albert Pemble (56 yo)
Mr. Clifton Albert Pemble, also known as Cliff, has been the Chief Executive Officer of Garmin Ltd., since January 1, 2013 and is its President since October 2007. Mr. Pemble serves as the Managing Directo...
CEO Compensation Analysis
Compensation vs Market: Cliff's total compensation ($USD4.24M) is below average for companies of similar size in the US market ($USD13.41M).
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 (14.8 years average tenure).
Experienced Board: GRMN's board of directors are seasoned and experienced ( 13.5 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 employee growth, exchange listings and data sources
- Name: Garmin Ltd.
- Ticker: GRMN
- Exchange: NYSE
- Founded: 1989
- Industry: Consumer Electronics
- Sector: Consumer Durables
- Implied Market Cap: US$19.303b
- Shares outstanding: 193.13m
- Website: https://www.garmin.com
Number of Employees
- Garmin Ltd.
- MUehlentalstrasse 2
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/06 00:00|
|End of Day Share Price||2022/07/06 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.