Garmin Statistics
Total Valuation
Garmin has a market cap or net worth of $31.13 billion. The enterprise value is $27.77 billion.
Important Dates
The next confirmed earnings date is Wednesday, October 30, 2024, before market open.
| Earnings Date | Oct 30, 2024 |
| Ex-Dividend Date | Mar 14, 2025 |
Share Statistics
Garmin has 192.21 million shares outstanding. The number of shares has increased by 0.23% in one year.
| Shares Outstanding | 192.21M |
| Shares Change (YoY) | +0.23% |
| Shares Change (QoQ) | +0.10% |
| Owned by Insiders (%) | 19.08% |
| Owned by Institutions (%) | 56.46% |
| Float | 154.62M |
Valuation Ratios
The trailing PE ratio is 22.69 and the forward PE ratio is 25.60. Garmin's PEG ratio is 2.61.
| PE Ratio | 22.69 |
| Forward PE | 25.60 |
| PS Ratio | 5.48 |
| Forward PS | 5.01 |
| PB Ratio | 4.43 |
| P/FCF Ratio | 23.01 |
| PEG Ratio | 2.61 |
Financial Ratio HistoryEnterprise Valuation
The stock's EV/EBITDA ratio is 19.42, with an EV/FCF ratio of 20.58.
| EV / Earnings | 20.19 |
| EV / Sales | 4.92 |
| EV / EBITDA | 19.42 |
| EV / EBIT | 22.20 |
| EV / FCF | 20.58 |
Financial Position
The company has a current ratio of 2.89, with a Debt / Equity ratio of 0.02.
| Current Ratio | 2.89 |
| Quick Ratio | 1.88 |
| Debt / Equity | 0.02 |
| Debt / EBITDA | 0.09 |
| Debt / FCF | 0.10 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 20.96% and return on invested capital (ROIC) is 11.67%.
| Return on Equity (ROE) | 20.96% |
| Return on Assets (ROA) | 9.33% |
| Return on Capital (ROIC) | 11.67% |
| Revenue Per Employee | $283,837 |
| Profits Per Employee | $69,144 |
| Employee Count | 19,900 |
| Asset Turnover | 0.67 |
| Inventory Turnover | 1.76 |
Taxes
| Income Tax | -20.34M |
| Effective Tax Rate | n/a |
Stock Price Statistics
The stock price has increased by +58.79% in the last 52 weeks. The beta is 1.01, so Garmin's price volatility has been similar to the market average.
| Beta (5Y) | 1.01 |
| 52-Week Price Change | +58.79% |
| 50-Day Moving Average | 173.26 |
| 200-Day Moving Average | 156.38 |
| Relative Strength Index (RSI) | 34.48 |
| Average Volume (20 Days) | 726,100 |
Short Selling Information
The latest short interest is 2.01 million, so 1.04% of the outstanding shares have been sold short.
| Short Interest | 2.01M |
| Short Previous Month | 2.05M |
| Short % of Shares Out | 1.04% |
| Short % of Float | 1.30% |
| Short Ratio (days to cover) | 4.92 |
Income Statement
In the last 12 months, Garmin had revenue of $5.65 billion and earned $1.38 billion in profits. Earnings per share was $7.14.
| Revenue | 5.65B |
| Gross Profit | 3.26B |
| Operating Income | 1.25B |
| Pretax Income | 1.36B |
| Net Income | 1.38B |
| EBITDA | 1.43B |
| EBIT | 1.25B |
| Earnings Per Share (EPS) | $7.14 |
Full Income StatementBalance Sheet
The company has $2.23 billion in cash and $134.67 million in debt, giving a net cash position of $3.28 billion or $17.08 per share.
| Cash & Cash Equivalents | 2.23B |
| Total Debt | 134.67M |
| Net Cash | 3.28B |
| Net Cash Per Share | $17.08 |
| Equity (Book Value) | 7.00B |
| Book Value Per Share | 36.44 |
| Working Capital | 3.07B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $1.51 billion and capital expenditures -$164.50 million, giving a free cash flow of $1.35 billion.
| Operating Cash Flow | 1.51B |
| Capital Expenditures | -164.50M |
| Free Cash Flow | 1.35B |
| FCF Per Share | $7.02 |
Full Cash Flow StatementMargins
Gross margin is 57.68%, with operating and profit margins of 22.15% and 24.36%.
| Gross Margin | 57.68% |
| Operating Margin | 22.15% |
| Pretax Margin | 24.00% |
| Profit Margin | 24.36% |
| EBITDA Margin | 25.32% |
| EBIT Margin | 22.15% |
| FCF Margin | 23.89% |
Dividends & Yields
This stock pays an annual dividend of $3.00, which amounts to a dividend yield of 1.85%.
| Dividend Per Share | $3.00 |
| Dividend Yield | 1.85% |
| Dividend Growth (YoY) | 2.74% |
| Years of Dividend Growth | 7 |
| Payout Ratio | 42.04% |
| Buyback Yield | -0.23% |
| Shareholder Yield | 1.62% |
| Earnings Yield | 4.43% |
| FCF Yield | 4.35% |
Dividend DetailsAnalyst Forecast
The average price target for Garmin is $144.67, which is -10.66% lower than the current price. The consensus rating is "Hold".
| Price Target | $144.67 |
| Price Target Difference | -10.66% |
| Analyst Consensus | Hold |
| Analyst Count | 9 |
| Revenue Growth Forecast (5Y) | 10.68% |
| EPS Growth Forecast (5Y) | 4.43% |
Stock ForecastsStock Splits
The last stock split was on August 16, 2006. It was a forward split with a ratio of 2:1.
| Last Split Date | Aug 16, 2006 |
| Split Type | Forward |
| Split Ratio | 2:1 |
Scores
Garmin has an Altman Z-Score of 10.14 and a Piotroski F-Score of 7.
| Altman Z-Score | 10.14 |
| Piotroski F-Score | 7 |