Garmin Ltd (GRMN)

NYSE
Currency in USD
214.23
-1.35(-0.63%)
Closed
After Hours
215.58+1.35(+0.63%)
GRMN Scorecard
Full Analysis
Holds more cash than debt on its balance sheet
Fair Value
Day's Range
213.66215.35
52 wk Range
119.15222.97
Key Statistics
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Prev. Close
215.58
Open
214.85
Day's Range
213.66-215.35
52 wk Range
119.15-222.97
Volume
499.5K
Average Volume (3m)
887.95K
1-Year Change
71.33%
Book Value / Share
39.05
Fair Value
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Fair Value Upside
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GRMN Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
192.27
Downside
-10.25%
Members' Sentiments
Bearish
Bullish
ProTips
Has raised its dividend for 7 consecutive years
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Garmin Ltd Company Profile

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform. The company’s Outdoor segment offers adventure watches, outdoor handhelds and satellite communicators, golf devices, consumer automotive devices, and dog devices, as well as InReach and Gramin response communication device. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions, including 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 transponders, weather information and avoidance solutions, datalink and connectivity solutions, and various services. 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, audio products and accessories, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment units; and software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Employees
19900

Garmin Ltd SWOT Analysis


Wearable Dominance
Garmin's Wearables and Fitness segments drive impressive growth, outpacing market expectations and contributing to a 66.92% year-to-date return in 2024.
Navigating Headwinds
Explore Garmin's strategies to address anticipated slowdowns in Marine and Auto OEM segments, while analysts project halved revenue growth for 2025.
Margin Pressures Loom
Delve into the challenges Garmin faces with expected gross margin compression and shifting product mix, potentially impacting profitability and investment capacity.
Valuation Concerns
Learn why analysts view Garmin's valuation as extended, with price targets ranging from $133 to $181, as the stock trades at a premium to its historical average.
Read full SWOT analysis

Garmin Ltd Earnings Call Summary for Q3/2024

  • Record Q3: Revenue up 24% to $1.59B, gross margin 60%, operating income +62% YoY, pro forma EPS +41% to $1.99
  • Full-year outlook raised: Revenue ~$6.12B, pro forma EPS $6.85, gross margin 58.5%, operating margin 24%
  • Strong segment growth: Fitness +31%, Outdoor +21%, Marine +22%; wearables gain market share globally
  • Auto OEM outlook softens: 2024 growth estimate lowered to 40%, monitoring impact on $800M 2025 target
  • Solid financials: $3.5B cash/securities, inventory up for holiday season, all segments achieve record revenue
Last Updated: 30/10/2024, 20:48
Read Full Transcript

Compare GRMN to Peers and Sector

Metrics to compare
GRMN
Peers
Sector
Relationship
P/E Ratio
27.1x15.7x10.7x
PEG Ratio
0.60−0.350.02
Price/Book
5.5x1.5x1.4x
Price / LTM Sales
6.9x0.9x0.9x
Upside (Analyst Target)
−14.5%−1.5%23.4%
Fair Value Upside
Unlock17.3%7.9%Unlock

Analyst Ratings

2 Buy
4 Hold
4 Sell
Ratings:
10 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 192.27
(-10.25% Downside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 7.91
Dividend Yield
1.39%
Industry Median 1.79%
Annualised payout
3
Paid quarterly
5-Years Growth
+5.64%
Growth Streak

Earnings

Latest Release
Oct 30, 2024
EPS / Forecast
1.99 / 1.44
Revenue / Forecast
1.59B / 1.44B
EPS Revisions
Last 90 days

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FAQ

What Is the Garmin (GRMN) Premarket Price Today?

The Garmin (GRMN) premarket price is . Premarket price change units: . Premarket percentage change: . Premarket volume: . Current date: 25 Jan 2025. Previous close: 215.58

What Stock Exchange Does Garmin Trade On?

Garmin is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Garmin?

The stock symbol for Garmin is "GRMN."

What Is the Garmin (GRMN) Afterhours Price Today? (Afterhours variable test: ) Current Date: 25 Jan 2025

After hours price: . After hours price change (units): . Price change percentage:

What Is the Garmin Market Cap?

As of today, Garmin market cap is 41.14B.

What is Garmin Earnings Per Share?

The Garmin EPS is 7.91.

What Is the Next Garmin Earnings Date?

Garmin will release its next earnings report on 18 Feb 2025.

From a Technical Analysis Perspective, Is GRMN a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.
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