GRMN - Garmin Ltd Stock Price, Fair Value and News

168.65USD-0.65 (-0.38%)Delayed as of 10 May 2024, 12:00 pm ET

Market Summary

USD168.65-0.65

Delayedas of 10 May 2024, 12:00 pm

-0.38%

GRMN Alerts

Big jump in Earnings (Y/Y)

GRMN Stock Price

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GRMN RSI Chart

GRMN Valuation

Market Cap

32.5B

Price/Earnings (Trailing)

23.85

Price/Sales (Trailing)

5.95

EV/EBITDA

21.28

Price/Free Cashflow

24.04

GRMN Price/Sales (Trailing)

GRMN Profitability

EBT Margin

23.90%

Return on Equity

18.81%

Return on Assets

15.79%

Free Cashflow Yield

4.16%

GRMN Fundamentals

GRMN Revenue

Revenue (TTM)

5.5B

Rev. Growth (Yr)

20.41%

Rev. Growth (Qtr)

-6.8%

GRMN Earnings

Earnings (TTM)

1.4B

Earnings Growth (Yr)

36.39%

Earnings Growth (Qtr)

-49.1%

Breaking Down GRMN Revenue

52 Week Range

100.71169.70

(Low)(High)

Last 7 days

2.4%

Last 30 days

14.1%

Last 90 days

37.3%

Trailing 12 Months

63.1%

How does GRMN drawdown profile look like?

GRMN Financial Health

Current Ratio

4.04

GRMN Investor Care

Dividend Yield

1.64%

Dividend/Share (TTM)

2.68

Shares Dilution (1Y)

0.41%

Diluted EPS (TTM)

7.09

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	5.5B	0	0	0
2023	4.8B	4.9B	5.1B	5.2B
2022	5.1B	5.0B	4.9B	4.9B
2021	4.4B	4.9B	4.9B	5.0B
2020	3.8B	3.8B	3.9B	4.2B
2019	3.4B	3.5B	3.6B	3.8B
2018	3.2B	3.3B	3.3B	3.3B
2017	3.0B	3.1B	3.1B	3.1B
2016	2.9B	2.9B	2.9B	3.0B
2015	2.9B	2.9B	2.8B	2.8B
2014	2.7B	2.8B	2.8B	2.9B
2013	2.7B	2.7B	2.6B	2.6B
2012	2.8B	2.9B	2.9B	2.7B
2011	2.8B	2.7B	2.7B	2.8B
2010	2.9B	3.0B	2.9B	2.7B
2009	3.3B	3.0B	2.9B	2.9B
2008	0	3.3B	3.4B	3.5B
2007	0	0	0	3.2B

Get all data in R, Python etc through our Historical Stock Data APIs

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Tracking the Latest Insider Buys and Sells of Garmin Ltd

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 18, 2024	burrell jonathan	gifted	-	-	15,200	-
Mar 18, 2024	burrell jonathan	gifted	-	-	-45,600	-
Mar 15, 2024	burrell jonathan	gifted	-	-	694,000	-
Mar 15, 2024	burrell jonathan	gifted	-	-	-694,000	-
Mar 15, 2024	burrell jonathan	sold	-2,192,280	146	-15,000	-
Mar 14, 2024	burrell jonathan	gifted	-	-	321,500	-
Mar 14, 2024	burrell jonathan	sold	-2,212,280	147	-15,000	-
Mar 14, 2024	burrell jonathan	gifted	-	-	-321,500	-
Mar 13, 2024	burrell jonathan	gifted	-	-	727,000	-
Mar 13, 2024	burrell jonathan	sold	-2,233,340	148	-15,000	-

Which funds bought or sold GRMN recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 08, 2024	KBC Group NV	reduced	-8.56	280,000	5,049,000	0.02%
May 08, 2024	Independent Advisor Alliance	reduced	-3.47	33,219	314,800	0.01%
May 08, 2024	William Allan Corp	added	2.16	222,000	1,432,000	0.95%
May 08, 2024	Cypress Capital Group	unchanged	-	42,408	310,543	0.04%
May 08, 2024	Bell Investment Advisors, Inc	added	23.96	5,376	17,716	-%
May 08, 2024	Foundation Wealth Management, LLC	unchanged	-	42,957	314,562	0.26%
May 08, 2024	US BANCORP \DE\	reduced	-0.75	158,325	1,218,390	-%
May 08, 2024	Sound Stewardship, LLC	reduced	-4.56	27,958	292,850	0.18%
May 08, 2024	Bigelow Investment Advisors, LLC	unchanged	-	163,657	1,198,400	0.59%
May 08, 2024	PROFUND ADVISORS LLC	added	6.54	102,090	538,612	0.02%

Are Funds Buying or Selling GRMN?

Are funds buying GRMN calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own GRMN

No. of Funds

GRMN Alerts

Big jump in Earnings (Y/Y)

Unveiling Garmin Ltd's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.30%	17,793,841	SC 13G/A
Feb 12, 2024	burrell jonathan	9.41%	18,775,059	SC 13G/A
Feb 06, 2024	kao min h	9.85%	18,842,060	SC 13G/A
Feb 06, 2024	blackrock inc.	8.0%	15,305,863	SC 13G/A
Jun 20, 2023	burrell jonathan	9.88%	18,907,559	SC 13G
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

Recent SEC filings of Garmin Ltd

View All Filings

Date Filed	Form Type	Document
May 01, 2024	10-Q	Quarterly Report
May 01, 2024	8-K	Current Report
Apr 24, 2024	ARS	ARS
Apr 24, 2024	DEF 14A	DEF 14A
Apr 24, 2024	DEFA14A	DEFA14A
Apr 08, 2024	8-K	Current Report
Apr 08, 2024	PRE 14A	PRE 14A
Apr 04, 2024	4/A	Insider Trading
Mar 18, 2024	4	Insider Trading
Mar 15, 2024	144	Notice of Insider Sale Intent

Peers (Alternatives to Garmin Ltd)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AAPL	2.8T	381.6B	8.83%	6.54%	28.2	7.42	-0.90%	6.43%
APH	76.6B	12.8B	10.97%	69.08%	37.61	5.97	1.52%	6.35%
GLW	29.3B	12.4B	5.10%	9.33%	47.46	2.37	-9.51%	-33.28%
FTV	27.3B	6.1B	-7.95%	20.06%	30.33	4.45	3.71%	17.79%
FLEX	12.1B	29.4B	-0.42%	35.81%	16.06	0.41	-1.12%	-8.06%
MID-CAP
CGNX	8.0B	847.2M	10.26%	-7.66%	80.11	9.42	-8.39%	-42.67%
ARW	6.7B	31.3B	-2.69%	5.66%	9.37	0.21	-14.93%	-46.67%
BMI	5.8B	740.8M	25.31%	42.43%	56.77	7.84	25.07%	42.99%
AVT	4.7B	24.7B	4.84%	23.34%	8.19	0.19	-6.09%	-33.76%
ESE	2.9B	968.8M	6.69%	14.38%	30.92	2.97	9.35%	8.73%
SMALL-CAP
CNXN	1.7B	2.8B	-0.78%	59.03%	20.74	0.62	-10.09%	0.74%
BHE	1.4B	2.8B	33.42%	88.18%	21.75	0.51	-4.25%	-5.27%
GPRO	259.9M	986.2M	-15.69%	-57.11%	-0.72	0.26	-6.21%	-5303.34%
AEY	29.9M	56.7M	-21.26%	24.22%	-3.8	0.59	-41.04%	-726.48%
CPSH	26.3M	26.4M	2.84%	-39.26%	34.22	1	-2.48%	-64.63%

Garmin Ltd News

Latest updates

Garmin Ltd Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-6.8%	1,382	1,483	1,278	1,321	1,147	1,306	1,140	1,241	1,173	1,392	1,192	1,327	1,072	1,351	1,109	870	856	1,102	934	955	766
Gross Profit	-7.2%	802	864	729	759	653	745	670	729	662	772	696	781	642	791	668	515	507	639	567	575	452
Operating Expenses	-3.8%	504	524	458	475	456	478	431	436	434	457	413	410	392	420	351	327	329	363	306	319	300
S&GA Expenses	16.0%	261	225	201	204	204	204	190	191	191	191	178	181	172	212	142	132	137	138	125	129	127
R&D Expenses	2.2%	243	237	222	224	221	216	209	202	209	205	199	186	189	146	175	166	165	162	149	149	146
EBITDA Margin	3.3%	0.26*	0.25*	0.25*	0.25*	0.24*	0.24*	0.23*	0.24*	0.26*	0.26*	0.28*	-	-	-	-	-	-	-	-	-	-
Income Taxes	321.6%	51.00	12.00	22.00	28.00	19.00	37.00	9.00	21.00	24.00	7.00	16.00	55.00	30.00	57.00	23.00	14.00	16.00	-73.38	30.00	52.00	26.00
Earnings Before Taxes	-14.6%	327	383	280	316	222	330	220	279	236	309	275	372	251	391	337	198	178	287	258	276	166
EBT Margin	4.1%	0.24*	0.23*	0.23*	0.22*	0.22*	0.22*	0.21*	0.22*	0.23*	0.24*	0.26*	-	-	-	-	-	-	-	-	-	-
Net Income	-49.1%	276	542	257	288	202	293	211	258	212	286	259	317	220	334	313	184	161	361	228	224	140
Net Income Margin	1.2%	0.25*	0.25*	0.21*	0.20*	0.20*	0.20*	0.20*	0.20*	0.21*	0.22*	0.23*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	-3.6%	402	417	312	221	232	309	104	5.00	126	49.00	204	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.4%	8,634	8,604	7,965	7,872	7,726	7,731	7,628	7,814	7,703	7,854	7,571	7,403	7,000	7,031	6,551	6,220	6,054	6,167	5,755	5,525	5,280
Current Assets	1.2%	4,517	4,464	4,157	4,111	3,964	3,955	3,968	4,123	4,082	4,262	4,009	3,884	3,558	3,669	3,342	3,258	2,929	3,058	2,758	2,461	2,512
Cash Equivalents	13.5%	1,922	1,693	1,423	1,426	1,362	1,279	1,083	1,088	1,418	1,499	1,640	1,640	1,600	1,459	1,224	1,355	1,049	1,028	977	820	1,116
Inventory	-3.2%	1,302	1,346	1,440	1,402	1,479	1,515	1,533	1,455	1,340	1,228	1,114	939	838	762	821	813	790	753	750	648	598
Net PPE	-1.4%	1,206	1,224	1,187	1,181	1,165	1,147	1,100	1,114	1,093	1,067	975	958	861	856	814	791	755	729	711	702	672
Goodwill	-1.1%	602	608	594	573	572	568	541	561	573	575	-	-	-	584	-	-	-	-	-	-	-
Current Liabilities	-14.7%	1,117	1,311	1,328	1,450	1,008	1,212	1,443	1,624	1,153	1,448	1,374	1,459	933	1,164	1,123	1,164	782	1,036	1,043	1,028	623
Shareholder's Equity	3.3%	7,246	7,012	6,349	6,124	6,405	6,204	5,878	5,866	6,249	6,114	5,855	5,584	5,716	5,516	5,104	4,741	4,934	4,793	4,381	4,151	4,315
Retained Earnings	3.4%	5,440	5,264	4,722	4,465	4,936	4,734	4,439	4,226	4,532	4,321	4,035	3,776	3,974	3,754	3,421	3,108	3,390	3,229	2,869	2,641	2,851
Additional Paid-In Capital	0.5%	2,135	2,125	2,100	2,078	2,048	2,042	2,027	2,009	1,983	1,961	1,950	1,927	1,893	1,880	1,873	1,852	1,830	1,836	1,842	1,825	1,810
Accumulated Depreciation	1.8%	1,049	1,031	982	960	934	905	-	-	-	-	-	-	-	-	-	-	-	677	-	-	-
Shares Outstanding	0.2%	192	192	191	191	191	192	193	193	193	193	192	192	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	15,973	-	-	-	15,461	-	-	-	21,920	-	-	-	14,141	-	-	-	11,181	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-6.6%	435	466	357	274	279	369	154	80.00	186	169	245	230	368	436	274	199	226	234	189	111	165
Share Based Compensation	-12.7%	31.00	35.00	23.00	23.00	21.00	19.00	18.00	15.00	25.00	24.00	23.00	23.00	23.00	27.00	22.00	16.00	16.00	16.00	17.00	16.00	15.00
Cashflow From Investing	43.5%	-36.87	-65.28	-197	-62.23	-7.90	174	78.00	-261	-135	-163	-113	-93.91	-104	-81.19	-294	194	-78.87	-82.94	-21.41	-313	-32.62
Cashflow From Financing	-3.9%	-156	-150	-149	-144	-192	-362	-220	-133	-123	-142	-128	-99.45	-116	-129	-117	-93.98	-120	-107	-0.02	-95.50	-213
Dividend Payments	-100.0%	-	140	140	140	140	280	141	129	129	129	129	117	117	117	117	109	109	108	-	108	201

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GRMN Income Statement

2024-03-30

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 30, 2024	Apr. 01, 2023
Income Statement [Abstract]
Net sales	$ 1,381,649	$ 1,147,424
Cost of goods sold	579,510	494,630
Gross profit	802,139	652,794
Research and development expense	242,535	221,485
Selling, general and administrative expenses	261,194	234,327
Total operating expense	503,729	455,812
Operating income	298,410	196,982
Other income (expense):
Interest income	25,027	15,899
Foreign currency gains	2,282	7,688
Other income	1,321	1,203
Total other income (expense)	28,630	24,790
Income before income taxes	327,040	221,772
Income tax provision	51,079	19,445
Net income	$ 275,961	$ 202,327
Net income per share:
Basic	$ 1.44	$ 1.06
Diluted	$ 1.43	$ 1.05
Weighted average common shares outstanding:
Basic	191,890	191,498
Diluted	192,698	191,886

GRMN Balance Sheet

2024-03-30

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 30, 2024	Dec. 30, 2023
Current assets:
Cash and cash equivalents	$ 1,921,782	$ 1,693,452
Marketable securities	274,579	274,618
Accounts receivable, net	694,690	815,243
Inventories	1,302,230	1,345,955
Deferred costs	18,329	16,316
Prepaid expenses and other current assets	305,674	318,556
Total current assets	4,517,284	4,464,140
Property and equipment, net of accumulated depreciation of $1,048,936 and $1,030,588	1,206,401	1,224,097
Operating lease right-of-use assets	136,285	143,724
Noncurrent marketable securities	1,133,958	1,125,191
Deferred income tax assets	763,083	754,635
Noncurrent deferred costs	10,480	11,057
Goodwill	601,618	608,474
Other intangible assets, net	176,647	186,601
Other noncurrent assets	88,124	85,650
Total assets	8,633,880	8,603,569
Current liabilities:
Accounts payable	243,087	253,790
Salaries and benefits payable	192,832	190,014
Accrued warranty costs	55,219	55,738
Accrued sales program costs	77,592	98,610
Other accrued expenses	191,474	245,874
Deferred revenue	100,740	101,189
Income taxes payable	256,442	225,475
Dividend payable	0	139,997
Total current liabilities	1,117,386	1,310,687
Deferred income tax liabilities	113,932	114,682
Noncurrent income taxes payable	16,128	16,521
Noncurrent deferred revenue	33,928	36,148
Noncurrent operating lease liabilities	105,859	113,035
Other noncurrent liabilities	550	436
Stockholders’ equity:
Common shares (194,901 and 195,880 shares authorized and issued; 192,079 and 191,777 shares outstanding)	19,490	19,588
Additional paid-in capital	2,135,384	2,125,467
Treasury shares (2,822 and 4,103 shares)	(226,921)	(330,909)
Retained earnings	5,440,200	5,263,528
Accumulated other comprehensive income (loss)	(122,056)	(65,614)
Total stockholders’ equity	7,246,097	7,012,060
Total liabilities and stockholders’ equity	$ 8,633,880	$ 8,603,569

About Garmin Ltd

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; 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, fishfinders, 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 domain controllers and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent 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.

CEO	Mr. Clifton Albert Pemble
WEBSITE	garmin.com
INDUSTRY	Consumer Electronics
EMPLOYEES	19700

Garmin Ltd Frequently Asked Questions

What is the ticker symbol for Garmin Ltd? What does GRMN stand for in stocks?

GRMN is the stock ticker symbol of Garmin Ltd. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Garmin Ltd (GRMN)?

As of Thu May 09 2024, market cap of Garmin Ltd is 32.52 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of GRMN stock?

You can check GRMN's fair value in chart for subscribers.

What is the fair value of GRMN stock?

You can check GRMN's fair value in chart for subscribers. The fair value of Garmin Ltd is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Garmin Ltd is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for GRMN so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Garmin Ltd a good stock to buy?

The fair value guage provides a quick view whether GRMN is over valued or under valued. Whether Garmin Ltd is cheap or expensive depends on the assumptions which impact Garmin Ltd's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for GRMN.

What is Garmin Ltd's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Thu May 09 2024, GRMN's PE ratio (Price to Earnings) is 23.85 and Price to Sales (PS) ratio is 5.95. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. GRMN PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Garmin Ltd's stock?

In the past 10 years, Garmin Ltd has provided 0.147 (multiply by 100 for percentage) rate of return.