SensorsFitness TechnologySoftware DevelopmentMapping ServicesDetectors, Sensors and MemsWearablesGPSNavigationConsumer ElectronicsElectronicsHardwareManufacturingSoftware
Description
Garmin Ltd. and its subsidiaries (Garmin) design, develop, manufacture, market, and distribute a diverse family of Global Positioning System (GPS)-enabled products and other navigation, communications, sensor-based and information products and servic…
Analysis
Beloved champion
Garmin Ltd. sits in the top corner of our grid: excellent business, premium price; every investor already knows the story. Worth noting: the cash the business generates has lagged behind what the income statement shows.
On valuation, the picture is expensive. The owner-earnings multiple stands at 28.1×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 11% a year, against analyst forecasts of 7%. The price, in other words, assumes less than the experts do.
Growth is solid; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator.
Flags to be aware of: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.
360° rank · history
1007550250
Jan 202337
44
2023202420252026
All-time high
52
Mar 2023
All-time low
37
Jan 2023
Average rank
45
across all years
Detailed & Historical Ranks
Deep dive into 15 detailed ranks and 3 years of history.
Current202520242023
Price/Sales
27
3
3
7
Price/Earnings
9
3
5
10
Price/Book
20
12
17
23
Dividend Yield
75
91
83
82
Value (overall)
26
55
14
18
Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.