Garmin Stock Today

GRMN Stock  USD 170.12  1.32  0.78%   

Performance

12 of 100

 
Weak
 
Strong
Good

Odds Of Distress

Less than 3

 
High
 
Low
Very Low
Garmin is selling at 170.12 as of the 15th of July 2024; that is 0.78 percent increase since the beginning of the trading day. The stock's open price was 168.8. Garmin has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Note, on May 12, 2023, Senator Tommy Tuberville of US Senate acquired under $15k worth of Garmin's common stock.
Business Domain
Consumer Durables & Apparel
IPO Date
12th of December 2000
Category
Technology
Classification
Consumer Discretionary
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. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland. The company has 192.08 M outstanding shares of which 2.01 M shares are currently shorted by private and institutional investors with about 3.49 trading days to cover. More on Garmin

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Follow Valuation Options Odds of Bankruptcy
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Garmin Stock Highlights

ESG Sustainability
Environmental
Governance
Social
CEOClifton Pemble
Thematic IdeaTechnology (View all Themes)
Business ConcentrationConsumer Electronics, Scientific & Technical Instruments, Consumer Discretionary, NYSE Composite, SP 500 Index, NASDAQ Composite Total, Technology, Consumer Discretionary, Household Durables, Scientific & Technical Instruments, Technology (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Return On Assets0.190.14
Significantly Up
Pretty Stable
Asset Turnover0.770.72
Notably Up
Slightly volatile
Gross Profit Margin0.430.52
Significantly Down
Pretty Stable
Total Current Liabilities744.5 M1.3 B
Way Down
Slightly volatile
Non Current Liabilities Total231.5 M280.8 M
Significantly Down
Pretty Stable
Total AssetsB8.6 B
Sufficiently Up
Slightly volatile
Total Current Assets2.3 B4.5 B
Way Down
Slightly volatile
Total Cash From Operating Activities1.4 B1.4 B
Sufficiently Up
Slightly volatile
Debt Levels
Garmin can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Garmin's financial leverage. It provides some insight into what part of Garmin's total assets is financed by creditors.
Liquidity
Garmin currently holds 113.03 M in liabilities with Debt to Equity (D/E) ratio of 0.02, which may suggest the company is not taking enough advantage from borrowing. Garmin has a current ratio of 2.7, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about Garmin's use of debt, we should always consider it together with its cash and equity.

Depreciation

186.45 Million
Garmin (GRMN) is traded on New York Stock Exchange in USA. It is located in M├╝hlentalstrasse 2, Schaffhausen, Switzerland, 8200 and employs 19,900 people. Garmin is listed under Consumer Electronics category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 32.42 B. Garmin conducts business under Household Durables sector and is part of Consumer Discretionary industry. The entity has 192.08 M outstanding shares of which 2.01 M shares are currently shorted by private and institutional investors with about 3.49 trading days to cover. Garmin currently holds about 1.28 B in cash with 1.38 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 7.62.
Check Garmin Probability Of Bankruptcy
Ownership Allocation
Garmin has a total of 192.08 Million outstanding shares. Over half of Garmin's outstanding shares are owned by outside corporations. These outside corporations are typically referred to as corporate investors that purchase positions in a given instrument to benefit from reduced trade commissions. Please note that on May 12, 2023, Senator Tommy Tuberville of US Senate acquired under $15k worth of Garmin's common stock.
Check Garmin Ownership Details

Garmin Stock Institutional Holders

InstituionRecorded OnShares
Bank Of New York Mellon Corp2024-03-31
1.5 M
Northern Trust Corp2024-03-31
1.5 M
Boston Partners Global Investors, Inc2024-03-31
1.4 M
Legal & General Group Plc2024-03-31
1.4 M
Disciplined Growth Investors Inc2024-03-31
1.4 M
Wells Fargo & Co2024-03-31
1.3 M
Amvescap Plc.2024-03-31
1.2 M
Ubs Group Ag2024-03-31
992.7 K
California Public Employees Retrmnt Sys2024-03-31
916.3 K
Vanguard Group Inc2024-03-31
17.7 M
Blackrock Inc2024-03-31
14.2 M
View Garmin Diagnostics

Garmin Historical Income Statement

At this time, Garmin's Depreciation And Amortization is very stable compared to the past year. As of the 15th of July 2024, Research Development is likely to grow to about 949.9 M, while Interest Expense is likely to drop about 36 M. View More Fundamentals

Garmin Stock Against Markets

Garmin Corporate Executives

Elected by the shareholders, the Garmin's board of directors comprises two types of representatives: Garmin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Garmin. The board's role is to monitor Garmin's management team and ensure that shareholders' interests are well served. Garmin's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Garmin's outside directors are responsible for providing unbiased perspectives on the board's policies.
Douglas BoessenChief Financial Officer, TreasurerProfile

Additional Information and Resources on Investing in Garmin Stock

When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.362
Dividend Share
2.92
Earnings Share
7.09
Revenue Per Share
28.525
Quarterly Revenue Growth
0.204
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.