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Garmin Ltd is a scientific & technical instruments business based in the US. Garmin shares (GRMN) are listed on the NASDAQ and all prices are listed in US Dollars. Garmin employs 16,000 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$74.31 - $143.77|
|50-day moving average||$135.87|
|200-day moving average||$123.27|
|Wall St. target price||$145.71|
|Dividend yield||$2.68 (1.9%)|
|Earnings per share (TTM)||$5.47|
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Valuing Garmin stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Garmin's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Garmin's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 26x. In other words, Garmin shares trade at around 26x recent earnings.
That's comparable to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29).
Garmin's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.3437. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Garmin's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Garmin's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $1.3 billion.
The EBITDA is a measure of a Garmin's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||$4.4 billion|
|Operating margin TTM||25.58%|
|Gross profit TTM||$2.5 billion|
|Return on assets TTM||10.79%|
|Return on equity TTM||19.74%|
|Market capitalisation||$27.6 billion|
TTM: trailing 12 months
There are currently 2.2 million Garmin shares held short by investors – that's known as Garmin's "short interest". This figure is 7.6% up from 2.0 million last month.
There are a few different ways that this level of interest in shorting Garmin shares can be evaluated.
Garmin's "short interest ratio" (SIR) is the quantity of Garmin shares currently shorted divided by the average quantity of Garmin shares traded daily (recently around 664194.54545455). Garmin's SIR currently stands at 3.3. In other words for every 100,000 Garmin shares traded daily on the market, roughly 3300 shares are currently held short.
However Garmin's short interest can also be evaluated against the total number of Garmin shares, or, against the total number of tradable Garmin shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Garmin's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Garmin shares in existence, roughly 10 shares are currently held short) or 0.0145% of the tradable shares (for every 100,000 tradable Garmin shares, roughly 15 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Garmin.
Find out more about how you can short Garmin stock.
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Garmin.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Total ESG risk: 22.03
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Garmin's overall score of 22.03 (as at 12/31/2018) is pretty good – landing it in it in the 21st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Garmin is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Environmental score: 6.37/100
Garmin's environmental score of 6.37 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Social score: 10.84/100
Garmin's social score of 10.84 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Governance score: 7.82/100
Garmin's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Garmin is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Garmin scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Garmin has, for the most part, managed to keep its nose clean.
|Total ESG score||22.03|
|Total ESG percentile||20.64|
|Environmental score percentile||4|
|Social score percentile||4|
|Governance score percentile||4|
|Level of controversy||2|
Dividend payout ratio: 45.19% of net profits
Recently Garmin has paid out, on average, around 45.19% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.9% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Garmin shareholders could enjoy a 1.9% return on their shares, in the form of dividend payments. In Garmin's case, that would currently equate to about $2.68 per share.
While Garmin's payout ratio might seem fairly standard, it's worth remembering that Garmin may be investing much of the rest of its net profits in future growth.
Garmin's most recent dividend payout was on 30 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 13 June 2021 (the "ex-dividend date").
Garmin's shares were split on a 2:1 basis on 15 August 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Garmin shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Garmin shares which in turn could have impacted Garmin's share price.
Over the last 12 months, Garmin's shares have ranged in value from as little as $74.3109 up to $143.765. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Garmin's is 1.0583. This would suggest that Garmin's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information 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 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.
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