1.26%
5.23%
9.42%
26.74%
81.64%
74.44%
123.87%
AI Spotlight on GRMN
Company Description
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; and 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, fish finders, 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 computing models and infotainment systems; personal navigation devices; and cameras.The company sells its products through independent retailers, online 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.
Market Data
| Last Price | 217.04 |
| Change Percentage | 1.26% |
| Open | 214.21 |
| Previous Close | 214.34 |
| Market Cap ( Millions) | 41677 |
| Volume | 650378 |
| Year High | 222.97 |
| Year Low | 119.15 |
| M A 50 | 212.1 |
| M A 200 | 180.17 |
Financial Ratios
| FCF Yield | 3.02% |
| Dividend Yield | 1.37% |
| ROE | 21.10% |
| Debt / Equity | 1.46% |
| Net Debt / EBIDTA | -118.95% |
| Price To Book | 5.56 |
| Price Earnings Ratio | 27.48 |
| Price To FCF | 33.16 |
| Price To sales | 7.0 |
| EV / EBITDA | 24.91 |
News
- Jan -30 - UEIC vs. GRMN: Which Stock Should Value Investors Buy Now?
- Jan -27 - Why the Market Dipped But Garmin (GRMN) Gained Today
- Jan -22 - Will Wearables Portfolio Expansion Push GRMN's Stock Price Higher?
- Jan -21 - Garmin unveils Approach G20 Solar, the first GPS golf handheld with unlimited battery life in sunny conditions
- Jan -21 - Level up your golf game with vibrant new Approach S44 and S50 smartwatches from Garmin
- Jan -17 - Garmin (GRMN) Rises But Trails Market: What Investors Should Know
- Jan -16 - GRMN Expands Global Reach With ECG App: Should You Buy the Stock?
- Jan -16 - Garmin introduces the APK 10 Autopilot Keypad for simplified control
- Jan -15 - Garmin expands ECG App to customers in Australia and the European Union
- Jan -15 - Garmin Ltd. schedules fourth quarter 2024 earnings call
- Jan -13 - 3 Electronics Stocks to Acquire From a Challenging Industry
- Jan -09 - GRMN Expands Portfolio With New Montana GPS: Time to Buy the Stock?
- Jan -08 - Garmin announces new Montana handheld GPS series with optional SOS satellite communication capabilities to help you stay in touch
- Jan -07 - Garmin's Instinct 3 Series Boosts Portfolio: Should You Buy the Stock?
- Jan -07 - Meet the Monster Stock That Continues to Crush the Market
- Jan -06 - Introducing the Instinct 3 Series from Garmin: rugged smartwatches now with AMOLED displays
- Jan -06 - Garmin brings peace of mind to motorcycle riders with the new zΕ«mo R1 Radar
- Jan -06 - Garmin presents Unified Cabin 2025: Its most capable and personalized automotive domain controller to date
- Jan -04 - Garmin (GRMN) Laps the Stock Market: Here's Why
- Dec -30 - BELFB vs. GRMN: Which Stock Should Value Investors Buy Now?
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Outdoor
Expected Growth : 8.5 %
What the company do ?
Outdoor from Garmin Ltd. is a segment that offers GPS-enabled devices and wearables for outdoor enthusiasts, providing navigation, tracking, and fitness features.
Why we expect these perspectives ?
Garmin's Outdoor segment growth of 8.5% is driven by increasing demand for wearable devices, particularly smartwatches and fitness trackers, as consumers prioritize health and wellness. Additionally, the rise of outdoor activities such as hiking, camping, and cycling, fueled by the COVID-19 pandemic, has boosted sales of Garmin's GPS-enabled devices and accessories.
Segment nΒ°2 -> Fitness
Expected Growth : 9.2 %
What the company do ?
Garmin Ltd.'s Fitness is a suite of wearable devices and apps tracking users' physical activity, sleep, and nutrition, providing personalized insights for a healthier lifestyle.
Why we expect these perspectives ?
Garmin's 9.2% growth in Fitness segment is driven by increasing adoption of wearable devices, rising health awareness, and growing demand for smartwatches. Additionally, Garmin's strategic partnerships, innovative product offerings, and expanding distribution channels contribute to its growth momentum.
Segment nΒ°3 -> Marine
Expected Growth : 7.8 %
What the company do ?
The Marine from Garmin Ltd. is a GPS navigation system designed for boats, providing charts, sonar, and autopilot integration for a safe and efficient marine experience.
Why we expect these perspectives ?
Garmin's Marine segment growth of 7.8% is driven by increasing adoption of advanced marine electronics, rising demand for fishing and boating activities, and expanding presence in emerging markets. Additionally, Garmin's innovative products, such as chart plotters and fish finders, are gaining popularity among recreational and commercial fishermen, contributing to the segment's growth.
Segment nΒ°4 -> Aviation
Expected Growth : 8.8 %
What the company do ?
Garmin's Aviation segment provides a range of GPS navigation and communication systems for general aviation, air transport, and military markets.
Why we expect these perspectives ?
Garmin's Aviation segment growth of 8.8% is driven by increasing adoption of its GPS navigation and communication systems in general aviation, business aviation, and rotorcraft markets. Additionally, the company's innovative products, such as the G3000 and G5000 flight decks, are gaining traction, and its partnerships with major aircraft manufacturers are contributing to the segment's growth.
Segment nΒ°5 -> Auto Original Equipment Manufacturer
Expected Growth : 9.5 %
What the company do ?
Auto OEM is a Garmin Ltd. division that provides customized navigation systems to automotive manufacturers, integrating Garmin's technology into vehicles.
Why we expect these perspectives ?
Garmin's Auto OEM segment growth of 9.5% is driven by increasing demand for advanced driver-assistance systems (ADAS), rising adoption of electric vehicles, and growing need for navigation and infotainment systems in new vehicles. Additionally, Garmin's partnerships with major automakers and its expanding presence in the autonomous driving market also contribute to this growth.
Garmin Ltd. Products
| Product Range | What is it ? |
|---|---|
| GPS Navigation Systems | Garmin's GPS navigation systems provide turn-by-turn directions and real-time traffic updates for drivers, motorcyclists, and truckers. |
| Wearable Devices | Garmin's wearable devices, such as smartwatches and fitness trackers, track fitness and health metrics, including heart rate, steps taken, and sleep quality. |
| Aviation Systems | Garmin's aviation systems provide navigation, communication, and surveillance solutions for general aviation, commercial, and military aircraft. |
| Marine Electronics | Garmin's marine electronics, including fish finders and chart plotters, provide navigation, sonar, and radar capabilities for boaters and fishermen. |
| Outdoor Recreation Devices | Garmin's outdoor recreation devices, including handheld GPS devices and action cameras, provide navigation, tracking, and video capture capabilities for outdoor enthusiasts. |
| Fleet Management Solutions | Garmin's fleet management solutions provide GPS tracking, vehicle monitoring, and driver behavior analysis for fleet operators. |
Garmin Ltd.'s Porter Forces
Threat Of Substitutes
Garmin's products are highly specialized and customized, making it difficult for substitutes to emerge.
Bargaining Power Of Customers
While customers have some bargaining power due to the availability of alternative products, Garmin's strong brand reputation and customer loyalty mitigate this force.
Bargaining Power Of Suppliers
Garmin has a diversified supplier base, reducing its dependence on any single supplier and limiting the bargaining power of suppliers.
Threat Of New Entrants
While new entrants may be attracted to the growing market for wearable devices and GPS technology, Garmin's established brand and significant R&D investments create barriers to entry.
Intensity Of Rivalry
The market for wearable devices and GPS technology is highly competitive, with several established players competing for market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 4.61% |
| Debt Cost | 3.95% |
| Equity Weight | 95.39% |
| Equity Cost | 8.92% |
| WACC | 8.69% |
| Leverage | 4.83% |
Garmin Ltd. : Quality Control
Garmin Ltd. passed 7 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| FLEX | Flex Ltd. provides design, engineering, manufacturing, and supply chain services and solutions to original equipment manufacturers in Asia, the Americas, and Europe. It operates through three segments: Flex Agility Solutions β¦ |
| TEL | TE Connectivity Ltd., together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaΒPacific, and the Americas. The company operates through three β¦ |
| IFCN.SW | INFICON Holding AG develops instruments for gas analysis, measurement, and control in the Asia-Pacific, Europe, North America, and internationally. It offers leak detectors, service tools for HVAC/R and automotive, chemical β¦ |
| CAP.PA | Capgemini SE provides consulting, digital transformation, technology, and engineering services primarily in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers strategy and transformation services, including β¦ |
| ART.MC | Arteche Lantegi Elkartea, S.A. designs, manufactures, integrates, and supplies electrical equipment and solutions focusing on renewable energies and smart grids in Spain and internationally. It offers high voltage instrument transformers, β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
TE Connectivity
A-Score
1-Year Total Return ->
π₯
Flex
A-Score
1-Year Total Return ->
π₯
Garmin
A-Score
1-Year Total Return ->
4
Capgemini
A-Score
1-Year Total Return ->
5
Arteche Lantegi Elkartea
A-Score
1-Year Total Return ->
6
