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Garmin

$001234567890012345678900123456789.0012345678900123456789+6.8%
52w low (est.) $199.36$317.68 52w high (est.)
Peers
Market data
Market cap
$46.89B
52-week range
$186.67 – $273.32
Beta (vs market)
0.91
Sector
Technology
Valuation
P/E ratio
27.1x
DCF fair value
$345.35
Margin of safety
+37.6%
Forward P/E
23.5x
PEG ratio
3.34
Dividend yield
1.72%
Quality & efficiency
Moat score
84/100
Return on equity
19.9%
Profit margin
23.3%
Debt / equity
0.02
Growth & analysts
Revenue growth (YoY)
+14.2%
Analyst target
$262.43
Target upside
+4.6%
Analysts covering
7

About Garmin

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including 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 transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Valuation

ValueGrowthProfitHealthIncome68QUALITY
Overall Rating
85
Strong Buy
Strong Buy
Moat Score84
DCF Intrinsic Value
$345.35+37.6% upside

Moat, DCF and rating computed by our valuation engine (ported from the original Python model).

Fundamentals

Market Cap
$46.89B
P/E Ratio
27.1
Dividend Yield
1.72%
Revenue Growth
+14.2%
Profit Margin
23.3%
ROE
19.9%
Debt / Equity
0.02
Beta
0.91
vs Technology sector:P/E 27 vs 53 · cheaperMoat 84 vs 10Yield 1.72% vs 0.1%

Statistics

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