GARMIN LTD (1GRMN.MI) Fundamental Analysis & Valuation

BIT:1GRMN • CH0114405324

Current stock price

220 EUR
+8 (+3.77%)
Last:

This 1GRMN.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. 1GRMN.MI Profitability Analysis

1.1 Basic Checks

  • 1GRMN had positive earnings in the past year.
  • 1GRMN had a positive operating cash flow in the past year.
  • Each year in the past 5 years 1GRMN has been profitable.
  • 1GRMN had a positive operating cash flow in each of the past 5 years.
1GRMN.MI Yearly Net Income VS EBIT VS OCF VS FCF1GRMN.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 15.13%, 1GRMN belongs to the top of the industry, outperforming 96.88% of the companies in the same industry.
  • Looking at the Return On Equity, with a value of 18.54%, 1GRMN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 16.78%, 1GRMN belongs to the top of the industry, outperforming 87.50% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1GRMN is above the industry average of 10.47%.
  • The 3 year average ROIC (15.16%) for 1GRMN is below the current ROIC(16.78%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 15.13%
ROE 18.54%
ROIC 16.78%
ROA(3y)14.93%
ROA(5y)14.23%
ROE(3y)18.31%
ROE(5y)17.66%
ROIC(3y)15.16%
ROIC(5y)14.86%
1GRMN.MI Yearly ROA, ROE, ROIC1GRMN.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15

1.3 Margins

  • With an excellent Profit Margin value of 22.96%, 1GRMN belongs to the best of the industry, outperforming 96.88% of the companies in the same industry.
  • 1GRMN's Profit Margin has been stable in the last couple of years.
  • 1GRMN has a Operating Margin of 25.89%. This is amongst the best in the industry. 1GRMN outperforms 96.88% of its industry peers.
  • 1GRMN's Operating Margin has been stable in the last couple of years.
  • Looking at the Gross Margin, with a value of 58.74%, 1GRMN belongs to the top of the industry, outperforming 84.38% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 1GRMN has remained more or less at the same level.
Industry RankSector Rank
OM 25.89%
PM (TTM) 22.96%
GM 58.74%
OM growth 3Y6.98%
OM growth 5Y0.56%
PM growth 3Y4.66%
PM growth 5Y-0.63%
GM growth 3Y0.57%
GM growth 5Y-0.18%
1GRMN.MI Yearly Profit, Operating, Gross Margins1GRMN.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40 50

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9

2. 1GRMN.MI Health Analysis

2.1 Basic Checks

  • 1GRMN has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • 1GRMN has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for 1GRMN has been increased compared to 5 years ago.
  • There is no outstanding debt for 1GRMN. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
1GRMN.MI Yearly Shares Outstanding1GRMN.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 50M 100M 150M
1GRMN.MI Yearly Total Debt VS Total Assets1GRMN.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

2.2 Solvency

  • An Altman-Z score of 17.12 indicates that 1GRMN is not in any danger for bankruptcy at the moment.
  • 1GRMN has a Altman-Z score of 17.12. This is amongst the best in the industry. 1GRMN outperforms 96.88% of its industry peers.
  • 1GRMN has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Altman-Z 17.12
ROIC/WACC3.38
WACC4.96%
1GRMN.MI Yearly LT Debt VS Equity VS FCF1GRMN.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.3 Liquidity

  • 1GRMN has a Current Ratio of 3.63. This indicates that 1GRMN is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of 1GRMN (3.63) is better than 93.75% of its industry peers.
  • 1GRMN has a Quick Ratio of 2.60. This indicates that 1GRMN is financially healthy and has no problem in meeting its short term obligations.
  • 1GRMN has a better Quick ratio (2.60) than 96.88% of its industry peers.
Industry RankSector Rank
Current Ratio 3.63
Quick Ratio 2.6
1GRMN.MI Yearly Current Assets VS Current Liabilites1GRMN.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. 1GRMN.MI Growth Analysis

3.1 Past

  • 1GRMN shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 15.68%, which is quite good.
  • The Earnings Per Share has been growing by 10.78% on average over the past years. This is quite good.
  • The Revenue has grown by 15.06% in the past year. This is quite good.
  • Measured over the past years, 1GRMN shows a quite strong growth in Revenue. The Revenue has been growing by 11.59% on average per year.
EPS 1Y (TTM)15.68%
EPS 3Y18.53%
EPS 5Y10.78%
EPS Q2Q%15.77%
Revenue 1Y (TTM)15.06%
Revenue growth 3Y14.24%
Revenue growth 5Y11.59%
Sales Q2Q%16.59%

3.2 Future

  • 1GRMN is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 8.62% yearly.
  • The Revenue is expected to grow by 7.80% on average over the next years.
EPS Next Y11.83%
EPS Next 2Y10.09%
EPS Next 3Y9.07%
EPS Next 5Y8.62%
Revenue Next Year10.84%
Revenue Next 2Y9.93%
Revenue Next 3Y9.18%
Revenue Next 5Y7.8%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
1GRMN.MI Yearly Revenue VS Estimates1GRMN.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2B 4B 6B 8B 10B
1GRMN.MI Yearly EPS VS Estimates1GRMN.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 5 10 15

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2

4. 1GRMN.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 29.69, the valuation of 1GRMN can be described as expensive.
  • 1GRMN's Price/Earnings ratio is in line with the industry average.
  • 1GRMN is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 26.21, which is the current average of the S&P500 Index.
  • The Price/Forward Earnings ratio is 26.54, which means the current valuation is very expensive for 1GRMN.
  • 78.13% of the companies in the same industry are cheaper than 1GRMN, based on the Price/Forward Earnings ratio.
  • 1GRMN's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 23.10.
Industry RankSector Rank
PE 29.69
Fwd PE 26.54
1GRMN.MI Price Earnings VS Forward Price Earnings1GRMN.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

  • 1GRMN's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. 1GRMN is more expensive than 68.75% of the companies in the same industry.
  • 1GRMN's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 35.88
EV/EBITDA 22.13
1GRMN.MI Per share data1GRMN.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates 1GRMN does not grow enough to justify the current Price/Earnings ratio.
  • 1GRMN has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)2.51
PEG (5Y)2.75
EPS Next 2Y10.09%
EPS Next 3Y9.07%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. 1GRMN.MI Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 1.78%, 1GRMN has a reasonable but not impressive dividend return.
  • Compared to an average industry Dividend Yield of 3.04, 1GRMN has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.89, 1GRMN has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 1.78%

5.2 History

  • The dividend of 1GRMN is nicely growing with an annual growth rate of 7.90%!
Dividend Growth(5Y)7.9%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

  • 1GRMN pays out 39.90% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of 1GRMN is growing around the same rate as the earnings are growing. If this keeps up the dividend growth is sustainable.
DP39.9%
EPS Next 2Y10.09%
EPS Next 3Y9.07%
1GRMN.MI Yearly Income VS Free CF VS Dividend1GRMN.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
1GRMN.MI Dividend Payout.1GRMN.MI Dividend Payout, showing the Payout Ratio.1GRMN.MI Dividend Payout.PayoutRetained Earnings

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1GRMN.MI Fundamentals: All Metrics, Ratios and Statistics

GARMIN LTD

BIT:1GRMN (3/2/2026, 7:00:00 PM)

220

+8 (+3.77%)

Chartmill FA Rating
GICS IndustryGroupConsumer Durables & Apparel
GICS IndustryHousehold Durables
Earnings (Last)02-18
Earnings (Next)04-28
Inst Owners57.53%
Inst Owner ChangeN/A
Ins Owners15%
Ins Owner ChangeN/A
Market Cap42.35B
Revenue(TTM)7.25B
Net Income(TTM)1.66B
Analysts54.67
Price Target203.8 (-7.36%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 1.78%
Yearly Dividend3
Dividend Growth(5Y)7.9%
DP39.9%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)6.8%
Min EPS beat(2)-0.56%
Max EPS beat(2)14.17%
EPS beat(4)2
Avg EPS beat(4)5.17%
Min EPS beat(4)-5.23%
Max EPS beat(4)14.17%
EPS beat(8)6
Avg EPS beat(8)14.71%
EPS beat(12)9
Avg EPS beat(12)11.71%
EPS beat(16)12
Avg EPS beat(16)10%
Revenue beat(2)1
Avg Revenue beat(2)1.01%
Min Revenue beat(2)-1.18%
Max Revenue beat(2)3.2%
Revenue beat(4)3
Avg Revenue beat(4)1.65%
Min Revenue beat(4)-1.18%
Max Revenue beat(4)4.59%
Revenue beat(8)7
Avg Revenue beat(8)3.94%
Revenue beat(12)11
Avg Revenue beat(12)3.8%
Revenue beat(16)12
Avg Revenue beat(16)1.74%
PT rev (1m)4.8%
PT rev (3m)N/A
EPS NQ rev (1m)5.64%
EPS NQ rev (3m)12.29%
EPS NY rev (1m)7.57%
EPS NY rev (3m)8.35%
Revenue NQ rev (1m)3.33%
Revenue NQ rev (3m)8.15%
Revenue NY rev (1m)3.99%
Revenue NY rev (3m)4.12%
Valuation
Industry RankSector Rank
PE 29.69
Fwd PE 26.54
P/S 6.75
P/FCF 35.88
P/OCF 29.94
P/B 5.45
P/tB 6.1
EV/EBITDA 22.13
EPS(TTM)7.41
EY3.37%
EPS(NY)8.29
Fwd EY3.77%
FCF(TTM)6.13
FCFY2.79%
OCF(TTM)7.35
OCFY3.34%
SpS32.6
BVpS40.37
TBVpS36.06
PEG (NY)2.51
PEG (5Y)2.75
Graham Number82.04
Profitability
Industry RankSector Rank
ROA 15.13%
ROE 18.54%
ROCE 20.23%
ROIC 16.78%
ROICexc 23.8%
ROICexgc 27.89%
OM 25.89%
PM (TTM) 22.96%
GM 58.74%
FCFM 18.81%
ROA(3y)14.93%
ROA(5y)14.23%
ROE(3y)18.31%
ROE(5y)17.66%
ROIC(3y)15.16%
ROIC(5y)14.86%
ROICexc(3y)21.44%
ROICexc(5y)20.66%
ROICexgc(3y)25.02%
ROICexgc(5y)24.32%
ROCE(3y)18.28%
ROCE(5y)17.92%
ROICexgc growth 3Y12.24%
ROICexgc growth 5Y0.37%
ROICexc growth 3Y12.27%
ROICexc growth 5Y1.83%
OM growth 3Y6.98%
OM growth 5Y0.56%
PM growth 3Y4.66%
PM growth 5Y-0.63%
GM growth 3Y0.57%
GM growth 5Y-0.18%
F-Score8
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF 0
Debt/EBITDA 0
Cap/Depr 143.28%
Cap/Sales 3.73%
Interest Coverage 250
Cash Conversion 79.1%
Profit Quality 81.91%
Current Ratio 3.63
Quick Ratio 2.6
Altman-Z 17.12
F-Score8
WACC4.96%
ROIC/WACC3.38
Cap/Depr(3y)120.27%
Cap/Depr(5y)142.22%
Cap/Sales(3y)3.51%
Cap/Sales(5y)4.36%
Profit Quality(3y)87.09%
Profit Quality(5y)76.38%
High Growth Momentum
Growth
EPS 1Y (TTM)15.68%
EPS 3Y18.53%
EPS 5Y10.78%
EPS Q2Q%15.77%
EPS Next Y11.83%
EPS Next 2Y10.09%
EPS Next 3Y9.07%
EPS Next 5Y8.62%
Revenue 1Y (TTM)15.06%
Revenue growth 3Y14.24%
Revenue growth 5Y11.59%
Sales Q2Q%16.59%
Revenue Next Year10.84%
Revenue Next 2Y9.93%
Revenue Next 3Y9.18%
Revenue Next 5Y7.8%
EBIT growth 1Y17.7%
EBIT growth 3Y22.21%
EBIT growth 5Y12.22%
EBIT Next Year25.2%
EBIT Next 3Y13.95%
EBIT Next 5Y12.48%
FCF growth 1Y10.01%
FCF growth 3Y35.98%
FCF growth 5Y7.54%
OCF growth 1Y14.02%
OCF growth 3Y27.49%
OCF growth 5Y7.55%

GARMIN LTD / 1GRMN.MI Fundamental Analysis FAQ

What is the ChartMill fundamental rating of GARMIN LTD (1GRMN.MI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to 1GRMN.MI.


What is the valuation status of GARMIN LTD (1GRMN.MI) stock?

ChartMill assigns a valuation rating of 2 / 10 to GARMIN LTD (1GRMN.MI). This can be considered as Overvalued.


How profitable is GARMIN LTD (1GRMN.MI) stock?

GARMIN LTD (1GRMN.MI) has a profitability rating of 9 / 10.


What are the PE and PB ratios of GARMIN LTD (1GRMN.MI) stock?

The Price/Earnings (PE) ratio for GARMIN LTD (1GRMN.MI) is 29.69 and the Price/Book (PB) ratio is 5.45.


How sustainable is the dividend of GARMIN LTD (1GRMN.MI) stock?

The dividend rating of GARMIN LTD (1GRMN.MI) is 5 / 10 and the dividend payout ratio is 39.9%.