GRMN Garmin Ltd

Price (delayed)

$237.41

Market cap

$45.7B

P/E Ratio

29.09

Dividend/share

$3.15

EPS

$8.16

Enterprise value

$43.78B

Garmin, formerly known as ProNav, is an American multinational technology company founded in 1989, with headquarters in Olathe, Kansas. The company specializes in GPS technology for automotive, aviation, marine, outdoor, ...

Highlights
The company's gross profit rose by 22% YoY and by 5% QoQ
The company's revenue rose by 20% YoY and by 4.8% QoQ
Garmin's debt has increased by 45% YoY and by 6% from the previous quarter
The price to earnings (P/E) is 30% more than the 5-year quarterly average of 22.1 and 11% more than the last 4 quarters average of 26.0

Key stats

What are the main financial stats of GRMN
Market
Shares outstanding
192.49M
Market cap
$45.7B
Enterprise value
$43.78B
Valuations
Price to earnings (P/E)
29.09
Price to book (P/B)
5.63
Price to sales (P/S)
6.76
EV/EBIT
23.39
EV/EBITDA
21.29
EV/Sales
6.48
Earnings
Revenue
$6.76B
Gross profit
$3.98B
Operating income
$1.76B
Net income
$1.57B
EBIT
$1.87B
EBITDA
$2.06B
Free cash flow
$1.13B
Per share
EPS
$8.16
EPS diluted
$8.1
Free cash flow per share
$5.85
Book value per share
$42.2
Revenue per share
$35.1
TBVPS
$49.53
Balance sheet
Total assets
$10.32B
Total liabilities
$2.2B
Debt
$148.61M
Equity
$8.13B
Working capital
$3.89B
Liquidity
Debt to equity
0.02
Current ratio
3.01
Quick ratio
1.86
Net debt/EBITDA
-0.94
Margins
EBITDA margin
30.4%
Gross margin
58.9%
Net margin
23.2%
Operating margin
26%
Efficiency
Return on assets
16%
Return on equity
19.8%
Return on invested capital
34.3%
Return on capital employed
22.3%
Return on sales
27.7%
Dividend
Dividend yield
1.33%
DPS
$3.15
Payout ratio
38.6%

GRMN stock price

How has the Garmin stock price performed over time
Intraday
1%
1 week
2.16%
1 month
9.84%
1 year
38.98%
YTD
15.1%
QTD
13.75%

Financial performance

How have Garmin's revenue and profit performed over time
Revenue
$6.76B
Gross profit
$3.98B
Operating income
$1.76B
Net income
$1.57B
Gross margin
58.9%
Net margin
23.2%
Garmin's operating income has increased by 41% YoY and by 8% from the previous quarter
The company's gross profit rose by 22% YoY and by 5% QoQ
The company's revenue rose by 20% YoY and by 4.8% QoQ
The operating margin has increased by 17% year-on-year and by 3.2% since the previous quarter

Price vs fundamentals

How does GRMN's price correlate with its fundamentals

Growth

What is Garmin's growth rate over time

Valuation

What is Garmin stock price valuation
P/E
29.09
P/B
5.63
P/S
6.76
EV/EBIT
23.39
EV/EBITDA
21.29
EV/Sales
6.48
The price to earnings (P/E) is 30% more than the 5-year quarterly average of 22.1 and 11% more than the last 4 quarters average of 26.0
Garmin's EPS has increased by 14% YoY and by 7% from the previous quarter
The stock's price to book (P/B) is 39% more than its 5-year quarterly average of 4.0 and 14% more than its last 4 quarters average of 4.9
Garmin's equity has increased by 16% YoY
GRMN's P/S is 34% above its 5-year quarterly average of 5.0 and 10% above its last 4 quarters average of 6.1
The company's revenue rose by 20% YoY and by 4.8% QoQ

Efficiency

How efficient is Garmin business performance
The return on invested capital is up by 20% year-on-year
Garmin's ROS has increased by 15% YoY
GRMN's return on assets is up by 2.6% since the previous quarter
Garmin's return on equity has increased by 3.1% QoQ

Dividends

What is GRMN's dividend history
DPS
$3.15
Dividend yield
1.33%
Payout ratio
38.6%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Garmin financials performed over time
The total liabilities has increased by 37% since the previous quarter and by 17% year-on-year
GRMN's quick ratio is down by 28% since the previous quarter
Garmin's debt is 98% less than its equity
Garmin's debt to equity has surged by 100% YoY
Garmin's debt has increased by 45% YoY and by 6% from the previous quarter

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