Garmin Ltd. (GRMN)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 4,187 | 4,983 | 4,860 | 5,228 | 6,297 | 7,246 | 7,671 | 8,110 |
| Operating profit | $m | 1,876 | 2,118 | ||||||
| Net profit | $m | 992 | 1,082 | 974 | 1,290 | 1,411 | 1,664 | 1,877 | 1,955 |
| EPS reported | $ | 8.59 | 9.70 | ||||||
| Operating cashflow per share | $ | 8.49 | 9.92 | ||||||
| Capex per share | $ | 1.41 | 1.97 | ||||||
| FCF per share | $ | 7.08 | 7.96 | ||||||
| Free cash flow | $m | 1,363 | 1,534 | ||||||
| Net debt | $m | -2,707 | -2,666 | ||||||
| Book value equity | $m | 8,973 | 9,029 | ||||||
| Book value per share | $ | 46.34 | 46.67 | ||||||
| Number of shares | m | 193.62 | 193.47 | ||||||
| DPS (TTM paid) | $ | 3.45 | 6.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | 23.92 | 30.32 | ||||||
| P/B LTM | x | 4.41 | 4.38 | ||||||
| P/S LTM | x | 5.46 | 5.16 | ||||||
| P/FCF LTM | x | 29.02 | 25.78 | ||||||
| EV/EBITDA LTM | x | 17.01 | 15.53 | ||||||
| EV/Sales LTM | x | 5.17 | 7.52 | ||||||
| Earnings Yield LTM | % | +4.18% | +3.30% | ||||||
| FCF Yield | % | +3.45% | +3.88% | ||||||
| Quality | |||||||||
| ROE | % | +18.54% | +21.00% | ||||||
| ROIC | % | +16.65% | +18.76% | ||||||
| Operating margin | % | +25.89% | +27.61% | ||||||
| Gross margin | % | +58.74% | +60.08% | ||||||
| FCF/Sales | % | +18.81% | +20.00% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | +17.67% | +32.88% | ||||||
| Sales Growth YoY | % | +15.06% | +21.83% | ||||||
| Net Income Growth YoY | % | +17.89% | +33.01% | ||||||
| FCF Growth | % | +10.01% | +23.84% | ||||||
| Operating Profit Growth | % | +17.70% | +32.88% | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | +1.68% | +1.21% | ||||||
| Dividend Growth | % | +15.77% | +101.34% | ||||||
| Payout Ratio | % | +39.92% | +38.46% | ||||||
| FCF/Debt | x | 6.95 | 8.62 | ||||||
| Net Debt/EBITDA | x | -0.95 | -0.89 | ||||||
| EBIT/Net interest | x | 0.00 | 0.00 | ||||||
| Net debt/market cap | % | +0.08% | 0.00% | ||||||
| Net debt/Equity | x | -0.30 | -0.30 | ||||||
| Gross debt/equity | x | 0.02 | 0.02 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.
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