Garmin Ltd. (GRMN)
NYSE: GRMN · IEX Real-Time Price · USD
173.74
+3.62 (2.13%)
Jul 16, 2024, 4:00 PM EDT - Market closed

Garmin Statistics

Total Valuation

Garmin has a market cap or net worth of $33.37 billion. The enterprise value is $31.28 billion.

Market Cap 33.37B
Enterprise Value 31.28B

Important Dates

The next confirmed earnings date is Wednesday, July 31, 2024, before market open.

Earnings Date Jul 31, 2024
Ex-Dividend Date Mar 14, 2025

Share Statistics

Garmin has 192.08 million shares outstanding. The number of shares has increased by 0.20% in one year.

Shares Outstanding 192.08M
Shares Change (YoY) +0.20%
Shares Change (QoQ) n/a
Owned by Insiders (%) 19.56%
Owned by Institutions (%) 55.61%
Float 154.42M

Valuation Ratios

The trailing PE ratio is 24.54 and the forward PE ratio is 29.46. Garmin's PEG ratio is 5.62.

PE Ratio 24.54
Forward PE 29.46
PS Ratio 6.11
Forward PS 5.54
PB Ratio 4.61
P/FCF Ratio 24.67
PEG Ratio 5.62
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 21.07, with an EV/FCF ratio of 23.13.

EV / Earnings 22.95
EV / Sales 5.73
EV / EBITDA 21.07
EV / EBIT 23.96
EV / FCF 23.13

Financial Position

The company has a current ratio of 4.04, with a Debt / Equity ratio of 0.01.

Current Ratio 4.04
Quick Ratio 2.59
Debt / Equity 0.01
Debt / EBITDA 0.07
Debt / FCF 0.08
Interest Coverage n/a

Financial Efficiency

Return on equity (ROE) is 20.40% and return on invested capital (ROIC) is 16.95%.

Return on Equity (ROE) 20.40%
Return on Assets (ROA) 16.50%
Return on Capital (ROIC) 16.95%
Revenue Per Employee $274,496
Profits Per Employee $68,506
Employee Count 19,900
Asset Turnover 0.66
Inventory Turnover 1.66

Taxes

Income Tax -57.65M
Effective Tax Rate -4.42%

Stock Price Statistics

The stock price has increased by +63.29% in the last 52 weeks. The beta is 1.00, so Garmin's price volatility has been similar to the market average.

Beta (5Y) 1.00
52-Week Price Change +63.29%
50-Day Moving Average 164.66
200-Day Moving Average 136.45
Relative Strength Index (RSI) 76.12
Average Volume (20 Days) 696,127

Short Selling Information

The latest short interest is 2.01 million, so 1.05% of the outstanding shares have been sold short.

Short Interest 2.01M
Short Previous Month 2.05M
Short % of Shares Out 1.05%
Short % of Float 1.30%
Short Ratio (days to cover) 3.49

Income Statement

In the last 12 months, Garmin had revenue of $5.46 billion and earned $1.36 billion in profits. Earnings per share was $7.08.

Revenue 5.46B
Gross Profit 3.15B
Operating Income 1.19B
Pretax Income 1.31B
Net Income 1.36B
EBITDA 1.48B
EBIT 1.31B
Earnings Per Share (EPS) $7.08
Full Income Statement

Balance Sheet

The company has $2.20 billion in cash and $105.86 million in debt, giving a net cash position of $2.09 billion or $10.88 per share.

Cash & Cash Equivalents 2.20B
Total Debt 105.86M
Net Cash 2.09B
Net Cash Per Share $10.88
Equity (Book Value) 7.25B
Book Value Per Share 37.72
Working Capital 3.40B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $1.53 billion and capital expenditures -$179.80 million, giving a free cash flow of $1.35 billion.

Operating Cash Flow 1.53B
Capital Expenditures -179.80M
Free Cash Flow 1.35B
FCF Per Share $7.05
Full Cash Flow Statement

Margins

Gross margin is 57.74%, with operating and profit margins of 21.85% and 24.96%.

Gross Margin 57.74%
Operating Margin 21.85%
Pretax Margin 23.90%
Profit Margin 24.96%
EBITDA Margin 27.18%
EBIT Margin 23.90%
FCF Margin 24.76%

Dividends & Yields

This stock pays an annual dividend of $3.00, which amounts to a dividend yield of 1.73%.

Dividend Per Share $3.00
Dividend Yield 1.73%
Dividend Growth (YoY) 2.74%
Years of Dividend Growth 7
Payout Ratio 42.37%
Buyback Yield -0.20%
Shareholder Yield 1.52%
Earnings Yield 4.09%
FCF Yield 4.05%
Dividend Details

Analyst Forecast

The average price target for Garmin is $147.78, which is -14.94% lower than the current price. The consensus rating is "Hold".

Price Target $147.78
Price Target Difference -14.94%
Analyst Consensus Hold
Analyst Count 9
Revenue Growth Forecast (5Y) 10.68%
EPS Growth Forecast (5Y) 4.43%
Stock Forecasts

Stock 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 16.91 and a Piotroski F-Score of 7.

Altman Z-Score 16.91
Piotroski F-Score 7