GRMN Garmin Ltd.

Price (delayed)

$96.33

Market cap

$18.42B

P/E Ratio

19.7

Dividend/share

$2.36

EPS

$4.89

Enterprise value

$17.13B

Sector: Technology
Industry: Scientific & Technical Instruments
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. It operates through the following five segments: Marine, Outdoor, Fitness, Auto and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile and Connect IQ. The Fitness segment involves in products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Mete, Safety & Awareness and Activity Tracking Devices. The Auto segment offers products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.

Highlights

The net income has grown by 27% YoY but it has contracted by 4.1% from the previous quarter
Garmin's EPS has increased by 25% YoY but it has decreased by 4.3% from the previous quarter
Garmin's debt has increased by 30% YoY and by 14% from the previous quarter
The price to earnings (P/E) is 14% more than the 5-year quarterly average of 17.3 and 7% more than the last 4 quarters average of 18.5

Key stats

What are the main financial stats of GRMN
Market
Shares outstanding
191.24M
Market cap
$18.42B
Enterprise value
$17.13B
Valuations
Price to earnings (P/E)
19.7
Price to book (P/B)
3.88
Price to sales (P/S)
4.89
EV/EBIT
18.61
EV/EBITDA
16.57
EV/Sales
4.55
Earnings
Revenue
$3.76B
EBIT
$920.41M
EBITDA
$1.03B
Free cash flow
$694.81M
Per share
EPS
$4.89
Free cash flow per share
$3.64
Book value per share
$24.82
Revenue per share
$19.7
TBVPS
$29.12
Balance sheet
Total assets
$6.22B
Total liabilities
$1.48B
Debt
$60M
Equity
$4.74B
Working capital
$2.09B
Liquidity
Debt to equity
0.01
Current ratio
2.8
Quick ratio
1.94
Net debt/EBITDA
-1.25
Margins
EBITDA margin
27.5%
Gross margin
59.2%
Net margin
24.8%
Operating margin
24%
Efficiency
Return on assets
15.4%
Return on equity
19.8%
Return on invested capital
27.6%
Return on capital employed
18.2%
Return on sales
24.5%
Dividend
Dividend yield
2.45%
DPS
$2.36
Payout ratio
48.3%

GRMN stock price

How has the Garmin stock price performed over time

Financial performance

How have Garmin's revenue and profit performed over time
Revenue
$3.76B
Gross profit
$2.23B
Operating income
$903.85M
Net income
$934.02M
Gross margin
59.2%
Net margin
24.8%
The net income has grown by 27% YoY but it has contracted by 4.1% from the previous quarter
Garmin's net margin has increased by 16% YoY but it has decreased by 2% from the previous quarter
Garmin's operating income has increased by 9% YoY but it has decreased by 7% from the previous quarter
The company's revenue rose by 9% YoY but it fell by 2.2% QoQ

Growth

What is Garmin's growth rate over time

Valuation

What is Garmin stock price valuation
P/E
19.7
P/B
3.88
P/S
4.89
EV/EBIT
18.61
EV/EBITDA
16.57
EV/Sales
4.55
Garmin's EPS has increased by 25% YoY but it has decreased by 4.3% from the previous quarter
The price to earnings (P/E) is 14% more than the 5-year quarterly average of 17.3 and 7% more than the last 4 quarters average of 18.5
The stock's price to book (P/B) is 25% more than its 5-year quarterly average of 3.1 and 4.9% more than its last 4 quarters average of 3.7
Garmin's equity has increased by 14% YoY but it has decreased by 3.9% from the previous quarter
GRMN's P/S is 36% above its 5-year quarterly average of 3.6 and 6% above its last 4 quarters average of 4.6
The company's revenue rose by 9% YoY but it fell by 2.2% QoQ

Efficiency

How efficient is Garmin business performance
Garmin's return on equity has increased by 11% YoY but it has decreased by 7% QoQ
GRMN's return on assets is up by 11% year-on-year but it is down by 7% since the previous quarter
The return on invested capital has declined by 8% since the previous quarter and by 7% year-on-year
Garmin's ROS has decreased by 6% from the previous quarter and by 3.2% YoY

Dividends

What is GRMN's dividend history
DPS
$2.36
Dividend yield
2.45%
Payout ratio
48.3%
Recent dividends

Financial health

How did Garmin financials performed over time
The total liabilities has increased by 32% since the previous quarter and by 8% year-on-year
GRMN's current ratio is down by 25% QoQ but it is up by 17% YoY
Garmin's debt is 99% less than its equity
Garmin's debt has increased by 30% YoY and by 14% from the previous quarter
Garmin's equity has increased by 14% YoY but it has decreased by 3.9% from the previous quarter

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.