Garmin Ltd

Company Profile

Garmin Ltd had its IPO on 2000-12-12 under the ticker symbol GRMN.

The company operates in the Technology sector and Scientific & Technical Instruments industry. Garmin Ltd has a staff strength of 19,700 employees.

Stock update

Shares of Garmin Ltd opened at $105.07 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $104.65 - $105.81, and closed at $105.63.

This is a +0.07% increase from the previous day's closing price.

A total volume of 570,500 shares were traded at the close of the day’s session.

In the last one week, shares of Garmin Ltd have slipped by -0.39%.

Garmin Ltd's Key Ratios

Garmin Ltd has a market cap of $20.22 billion, indicating a price to book ratio of 3.1233 and a price to sales ratio of 3.5934.

In the last 12-months Garmin Ltd’s revenue was $4.92 billion with a gross profit of $2.81 billion and an EBITDA of $1.16 billion. The EBITDA ratio measures Garmin Ltd's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Garmin Ltd’s operating margin was 20.1% while its return on assets stood at 7.87% with a return of equity of 16.59%.

In Q2, Garmin Ltd’s quarterly earnings growth was a positive 12.8% while revenue growth was a positive 6.4%.

Garmin Ltd’s PE and PEG Ratio

Forward PE

16.3132

Trailing PE

20.4333

PEG

1.8052

Its diluted EPS in the last 12-months stands at $5.17 per share while it has a forward price to earnings multiple of 16.3132 and a PEG multiple of 1.8052. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Garmin Ltd’s profitability.

Garmin Ltd stock is trading at a EV to sales ratio of 3.4372 and a EV to EBITDA ratio of 13.7174. Its price to sales ratio in the trailing 12-months stood at 3.5934.

Garmin Ltd stock pays annual dividends of $2.92 per share, indicating a yield of 2.84% and a payout ratio of 57.71%.

Balance sheet and cash flow metrics

Total Assets

$7.87 billion

Total Liabilities

$1.45 billion

Operating Cash Flow

$0

Capital Expenditure

$53.05 million

Dividend Payout Ratio

57.71%

Garmin Ltd ended 2023 with $7.87 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $7.87 billion while shareholder equity stood at $6.12 billion.

Garmin Ltd ended 2023 with $0 in deferred long-term liabilities, $1.45 billion in other current liabilities, 19588000.00 in common stock, $4.46 billion in retained earnings and $572.99 million in goodwill. Its cash balance stood at $1.43 billion and cash and short-term investments were $1.68 billion. The company’s total short-term debt was $199,087,000 while long-term debt stood at $0.

Garmin Ltd’s total current assets stands at $4.11 billion while long-term investments were $1.10 billion and short-term investments were $253.69 million. Its net receivables were $716.80 million compared to accounts payable of $253.80 million and inventory worth $1.40 billion.

In 2023, Garmin Ltd's operating cash flow was $0 while its capital expenditure stood at $53.05 million.

Comparatively, Garmin Ltd paid $0.58 in dividends in 2023.

Other key metrics

Current Trading Price

$105.63

52-Week High

$108.56

52-Week Low

$74.7004

Analyst Target Price

$112

Garmin Ltd stock is currently trading at $105.63 per share. It touched a 52-week high of $108.56 and a 52-week low of $108.56. Analysts tracking the stock have a 12-month average target price of $112.

Its 50-day moving average was $105.04 and 200-day moving average was $99.47 The short ratio stood at 3.69 indicating a short percent outstanding of 0%.

Around 1991.6% of the company’s stock are held by insiders while 5525.7% are held by institutions.