garmin ltd. - GRMN

GRMN

Close Chg Chg %
210.22 4.28 2.04%

Closed Market

214.50

+4.28 (2.04%)

Volume: 1.72M

Last Updated:

Nov 25, 2024, 4:00 PM EDT

Company Overview: garmin ltd. - GRMN

GRMN Key Data

Open

$212.42

Day Range

212.12 - 216.44

52 Week Range

119.15 - 215.55

Market Cap

$40.39B

Shares Outstanding

192.03M

Public Float

154.74M

Beta

0.98

Rev. Per Employee

N/A

P/E Ratio

26.72

EPS

$7.91

Yield

140.73%

Dividend

$0.75

EX-DIVIDEND DATE

Dec 13, 2024

SHORT INTEREST

N/A

AVERAGE VOLUME

1.10M

 

GRMN Performance

1 Week
 
1.99%
 
1 Month
 
32.17%
 
3 Months
 
19.34%
 
1 Year
 
77.25%
 
5 Years
 
119.59%
 

GRMN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 10
Full Ratings ➔

About garmin ltd. - GRMN

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following segments: Marine, Outdoor, Fitness, Auto OEM, Consumer Auto, and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile, and Connect IQ. The Fitness segment refers to the products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Meters, Safety & Awareness, and Activity Tracking Devices. The Auto OEM and Consumer Auto segments offer products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions, and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.

GRMN At a Glance

Garmin Ltd.
Mühlentalstrasse 2
Schaffhausen, Schaffhausen 8200
Phone 41-52-630-16-00 Revenue 5.23B
Industry Telecommunications Equipment Net Income 1.29B
Sector Electronic Technology 2023 Sales Growth 7.571%
Fiscal Year-end 12 / 2024 Employees 19,900
View SEC Filings

GRMN Valuation

P/E Current 26.718
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 19.143
Price to Sales Ratio 4.722
Price to Book Ratio 3.516
Price to Cash Flow Ratio 17.938
Enterprise Value to EBITDA 18.004
Enterprise Value to Sales 4.372
Total Debt to Enterprise Value 0.006

GRMN Efficiency

Revenue/Employee 262,726.231
Income Per Employee 64,805.829
Receivables Turnover 6.413
Total Asset Turnover 0.64

GRMN Liquidity

Current Ratio 3.394
Quick Ratio 2.367
Cash Ratio 1.502

GRMN Profitability

Gross Margin 57.475
Operating Margin 20.89
Pretax Margin 22.959
Net Margin 24.667
Return on Assets 15.79
Return on Equity 19.516
Return on Total Capital 18.03
Return on Invested Capital 19.185

GRMN Capital Structure

Total Debt to Total Equity 2.008
Total Debt to Total Capital 1.969
Total Debt to Total Assets 1.637
Long-Term Debt to Equity 1.612
Long-Term Debt to Total Capital 1.58
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Garmin Ltd. - GRMN

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
4.19B 4.98B 4.86B 5.23B
Sales Growth
+11.42% +19.02% -2.46% +7.57%
Cost of Goods Sold (COGS) incl D&A
1.71B 2.09B 2.05B 2.22B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
126.72M 154.82M 163.85M 177.57M
Depreciation
78.12M 103.50M 118.74M 132.35M
Amortization of Intangibles
48.59M 51.32M 45.11M 45.23M
COGS Growth
+11.93% +22.70% -1.86% +8.27%
Gross Income
2.48B 2.89B 2.81B 3.00B
Gross Income Growth
+11.07% +16.49% -2.90% +7.06%
Gross Profit Margin
+59.27% +58.01% +57.75% +57.48%
2020 2021 2022 2023 5-year trend
SG&A Expense
1.43B 1.67B 1.78B 1.91B
Research & Development
705.68M 840.02M 834.93M 904.70M
Other SG&A
721.41M 831.82M 944.00M 1.01B
SGA Growth
+10.77% +17.15% +6.41% +7.53%
Other Operating Expense
- - - -
-
Unusual Expense
- - - -
-
EBIT after Unusual Expense
1.05B 1.22B 1.03B 1.09B
Non Operating Income/Expense
49.17M (11.82M) 37.13M 108.20M
Non-Operating Interest Income
37.00M 28.57M 40.83M 77.30M
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - - -
-
Interest Expense Growth
- - - -
-
Gross Interest Expense
- - - -
-
Interest Capitalized
- - - -
-
Pretax Income
1.10B 1.21B 1.06B 1.20B
Pretax Income Growth
+11.77% +9.37% -11.75% +12.71%
Pretax Margin
+26.36% +24.22% +21.91% +22.96%
Income Tax
111.09M 124.60M 91.39M (89.28M)
Income Tax - Current - Domestic
(29.15M) (18.97M) 58.51M 32.74M
Income Tax - Current - Foreign
133.62M 149.01M 175.34M 217.71M
Income Tax - Deferred - Domestic
(4.40M) (50.76M) (178.89M) (148.89M)
Income Tax - Deferred - Foreign
11.02M 45.31M 36.44M (190.83M)
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
992.32M 1.08B 973.59M 1.29B
Minority Interest Expense
- - - -
-
Net Income
992.32M 1.08B 973.59M 1.29B
Net Income Growth
+4.18% +9.06% -10.04% +32.46%
Net Margin Growth
+23.70% +21.72% +20.03% +24.67%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
992.32M 1.08B 973.59M 1.29B
Preferred Dividends
- - - -
-
Net Income Available to Common
992.32M 1.08B 973.59M 1.29B
EPS (Basic)
5.1931 5.6312 5.0564 6.738
EPS (Basic) Growth
+3.55% +8.44% -10.21% +33.26%
Basic Shares Outstanding
191.09M 192.18M 192.54M 191.40M
EPS (Diluted)
5.1712 5.606 5.0434 6.7148
EPS (Diluted) Growth
+3.64% +8.41% -10.04% +33.14%
Diluted Shares Outstanding
191.90M 193.04M 193.04M 192.06M
EBITDA
1.18B 1.37B 1.19B 1.27B
EBITDA Growth
+12.28% +16.30% -13.23% +6.55%
EBITDA Margin
+28.21% +27.56% +24.52% +24.29%

Snapshot

Average Recommendation UNDERWEIGHT Average Target Price 178.00
Number of Ratings 10 Current Quarters Estimate 1.984
FY Report Date 12 / 2024 Current Year's Estimate 6.978
Last Quarter’s Earnings 1.99 Median PE on CY Estimate N/A
Year Ago Earnings 5.59 Next Fiscal Year Estimate 7.668
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 7 6 7 7
Mean Estimate 1.98 1.51 6.98 7.67
High Estimates 2.41 1.57 7.40 9.15
Low Estimate 1.85 1.35 6.85 7.15
Coefficient of Variance 9.77 5.58 2.74 8.86

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 0 0 0
OVERWEIGHT 1 1 0
HOLD 4 5 7
UNDERWEIGHT 3 2 2
SELL 2 2 0
MEAN Underweight Underweight Hold

Insider Actions for Garmin Ltd. - GRMN

Date Name Shares Transaction Value
Nov 8, 2024 Sean Michael Biddlecombe Managing Director, EMEA 6,147 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $210.1 per share 1,291,484.70
Nov 7, 2024 Joshua H. Maxfield VP, General Counsel 10,042 Bona fide gift 0.00
Nov 7, 2024 Bradley C. Trenkle co-COO 34,396 Bona fide gift 0.00
Aug 20, 2024 Min Hwan Kao Executive Chairman; Director 12,025,649 Bona fide gift 0.00
Aug 20, 2024 Min Hwan Kao Executive Chairman; Director 6,267,896 Bona fide gift 0.00
Jun 20, 2024 Clifton Albert Pemble President and CEO; Director 143,388 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $160.76 per share 23,051,054.88
Jun 20, 2024 Clifton Albert Pemble President and CEO; Director 146,738 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $160.07 per share 23,488,351.66
Jun 14, 2024 Jonathan C. Burrell Director 139,000 Bona fide gift 0.00
Jun 14, 2024 Jonathan C. Burrell Director 910,350 Bona fide gift 0.00
Jun 14, 2024 Jonathan C. Burrell Director 1,598,350 Bona fide gift 0.00
Jun 14, 2024 Jonathan C. Burrell Director 5,439,247 Bona fide gift 0.00
Jun 14, 2024 Jonathan C. Burrell Director 6,253,197 Bona fide gift 0.00
Jun 12, 2024 Douglas Gerard Boessen CFO and Treasurer 28,010 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $162.75 per share 4,558,627.50
Jun 12, 2024 Douglas Gerard Boessen CFO and Treasurer 28,126 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $161.58 per share 4,544,599.08
Jun 11, 2024 Susan M. Ball Director 1,265 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Joseph J. Hartnett Director 20,797 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $163.26 per share 3,395,318.22
Jun 11, 2024 Joseph J. Hartnett Director 21,173 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Charles W. Peffer Director 28,657 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $163.26 per share 4,678,541.82
Jun 11, 2024 Catherine A. Lewis Director 7,198 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jun 11, 2024 Jonathan C. Burrell Director 198,400 Bona fide gift 0.00

Garmin Ltd. in the News