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- Market Cap.:
- $20.22 billion
- Book Value:
- Revenue TTM:
- $4.92 billion
- Operating Margin TTM:
- Gross Profit TTM:
- $2.81 billion
- Profit Margin:
- Return on Assets TTM:
- Return on Equity TTM:
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.
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
- Trailing PE
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
- Capital Expenditure
- $53.05 million
- Dividend Payout Ratio
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
- 52-Week High
- 52-Week Low
- Analyst Target Price
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.
Frequently Asked Questions About Garmin Ltd
Similar Industry Stocks (Scientific & Technical Instruments)
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.