First Time Loading...

Garmin Ltd
NASDAQ:GRMN

Watchlist Manager
Garmin Ltd Logo
Garmin Ltd
NASDAQ:GRMN
Watchlist
Price: 135.51 USD 1.17% Market Closed
Updated: Feb 26, 2024

Intrinsic Value

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. [ Read More ]

The intrinsic value of one GRMN stock under the Base Case scenario is 107.83 USD. Compared to the current market price of 135.51 USD, Garmin Ltd is Overvalued by 20%.

Key Points:
GRMN Intrinsic Value
Base Case
107.83 USD
Overvaluation 20%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

Valuation Backtest
Garmin Ltd

Backtest GRMN Intrinsic Value
Dive into the past to invest in the future

Run backtest to discover the historical profit from buying and selling GRMN stocks based on their intrinsic value.

Analyze the historical link between intrinsic value and market price to make more informed investment decisions.

Run Backtest
Settings
Valuation Methods
Buy/Sell Thresholds
Buy When:
%
Sell When:
%
B
S
Run Backtest
How does it work?

Fundamental Analysis

Revenue Growth and Operating Success Amid Adjustments
2023-Q4 Earnings Call

Revenue Growth and Operating Success Amid Adjustments

The company reported year-over-year revenue growth of 13% for the quarter with a gross margin increase to 58.3% thanks to lower freight costs. Operating income surged by 27%, reflecting a robust operational improvement. Full-year revenue saw an 8% rise, reaching $5.228 billion, though the gross margin slightly decreased by 20 basis points. Notable geographic growth was evidenced with the EMEA region achieving a 19% rise. Operating expenses grew by 10%, impacted by the JL Audio business and personnel costs. Strong free cash flow generation led to increased dividends and a new share repurchase program. Looking ahead, the company anticipates a revenue rise to $5.75 billion, a 10% increase, albeit with expected reductions in gross margin and a higher pro forma effective tax rate of 15.5%, leading to projected pro forma EPS of $5.40.

Financials

Balance Sheet Decomposition
Garmin Ltd

Current Assets 4.5B
Cash & Short-Term Investments 2B
Receivables 827m
Other Current Assets 1.7B
Non-Current Assets 4.1B
Long-Term Investments 1.1B
PP&E 1.4B
Intangibles 795.1m
Other Non-Current Assets 851.3m
Current Liabilities 1.3B
Accounts Payable 253.8m
Accrued Liabilities 590.2m
Other Current Liabilities 466.7m
Non-Current Liabilities 280.8m
Other Non-Current Liabilities 280.8m
Efficiency
Fundamental Scores

GRMN Profitability Score
Profitability Due Diligence

Garmin Ltd's profitability score is 64/100. The higher the profitability score, the more profitable the company is.

Positive Gross Profit
Positive Free Cash Flow
Positive 3-Year Average ROIC
Positive 3-Year Average ROE
64/100
Profitability
Score

Garmin Ltd's profitability score is 64/100. The higher the profitability score, the more profitable the company is.

GRMN Solvency Score
Solvency Due Diligence

Garmin Ltd's solvency score is 79/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Long-Term Solvency
Low D/E
Short-Term Solvency
79/100
Solvency
Score

Garmin Ltd's solvency score is 79/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

GRMN Price Targets Summary
Garmin Ltd

Wall Street analysts forecast GRMN stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for GRMN is 130.5 USD with a low forecast of 119.18 USD and a high forecast of 147 USD.

Lowest
Price Target
119.18 USD
12% Downside
Average
Price Target
130.5 USD
4% Downside
Highest
Price Target
147 USD
8% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

GRMN Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

GRMN Price
Garmin Ltd

1M 1M
+9%
6M 6M
+29%
1Y 1Y
+39%
3Y 3Y
+16%
5Y 5Y
+80%
10Y 10Y
+253%
Annual Price Range
135.51
52w Low
94.32
52w High
135.51
Price Metrics
Average Annual Return 7.83%
Standard Deviation of Annual Returns 24.08%
Max Drawdown -55%
Shares Statistics
Market Capitalization 26B USD
Shares Outstanding 191 776 992
Percentage of Shares Shorted 1.27%

GRMN Return Decomposition
Main factors of price return

What is price return decomposition?

GRMN News

Other Videos

Last Important Events
Garmin Ltd

Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.

All
Positive
Negative

Sentiment Analysis
Garmin Ltd

Today
Last 7 Days 7D
Last 30 Days 30D
Last 90 Days 90D

Company Profile

Garmin Ltd Logo
Garmin Ltd

Country

Switzerland

Industry

Consumer products

Market Cap

26B USD

Dividend Yield

2.21%

Description

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. The company is headquartered in Schaffhausen, Schaffhausen and currently employs 18,700 full-time employees. The company went IPO on 2000-12-08. The firm operates through five segments. The company offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. The company offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices. The company offers a range of products designed for use in fitness and activity tracking. Garmin offers a range of products designed for use in fitness and activity tracking. Its aviation business segment is a provider of solutions to aircraft manufacturers, existing aircraft owners and operators, as well as military and government customers and serves a range of aircraft, including transport aircraft, business aviation, general aviation, experimental/light sport, helicopters, optionally piloted vehicles and unmanned aerial vehicles.

Contact

SCHAFFHAUSEN
Schaffhausen
Muehlentalstrasse 2
+41526301600.0
http://www.garmin.com/

IPO

2000-12-08

Employees

18 700

Officers

President, CEO & Director
Mr. Clifton Albert Pemble
CFO & Treasurer
Mr. Douglas Gerard Boessen
VP, General Counsel & Secretary
Mr. Andrew R. Etkind
Executive VP & MD of Aviation - Garmin International, Inc
Mr. Philip I. Straub
Executive Vice President of Operations - Garmin International, Inc.
Mr. Patrick G. Desbois
Co-Founder & Executive Chairman
Dr. Min-Hwan Kao Ph.D.
Show More
Manager of Investor Relations
Ms. Teri Seck
Director of Corporate Communications
Mr. Ted Gartner
Show Less

See Also

Discover More
What is the Intrinsic Value of one GRMN stock?

The intrinsic value of one GRMN stock under the Base Case scenario is 107.83 USD.

Is GRMN stock undervalued or overvalued?

Compared to the current market price of 135.51 USD, Garmin Ltd is Overvalued by 20%.