Garmin Ltd
GRMN
Market Cap$36.94B
Close$
Earnings Call Q4 2024
February 19, 2025 - AI Summary
Strong Financial Performance: Garmin reported a consolidated revenue of $1.82 billion for Q4 2024, a 23% year-over-year increase, achieving record revenue across all five business segments. For the full year, consolidated revenue increased to $6.3 billion, up 20% from 2023, with operating income rising 46% to nearly $1.6 billion and pro forma EPS increasing 40% to $2.41.
Segment Growth: All five business segments experienced revenue growth. Notably, the fitness segment grew 32% to $1.77 billion, while the outdoor segment saw a 16% increase to $1.96 billion. Automotive OEM revenue surged 44% to $611 million, reflecting strong demand for domain controllers.
Outlook for 2025: Garmin anticipates consolidated revenue growth of approximately 8% for 2025, projecting revenue of $6.8 billion. Key segments forecasted include fitness and outdoor, both expected to grow around 10%, while the aviation segment is projected to increase by 5%.
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$170.70
10.3% downside
Current Fair Value
10.3% downsideOvervalued by 10.3% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $36.94 Billion |
|---|---|
| Enterprise Value | $35.21 Billion |
| Dividend Yield | $3 (1.56429241839608%) |
| Earnings per Share | $7.35 |
| Beta | 0.94 |
| Outstanding Shares | 192,544,000 |
Return
| Return on Equity | - |
|---|---|
| Return on Assets | - |
| Return on Invested Capital | - |
Valuation & Multiples
| P/E Ratio | 25.15 |
|---|---|
| PEG | 122.17 |
| Price to Sales | 5.77 |
| Price to Book Ratio | 4.53 |
| Enterprise Value to Revenue | 5.46 |
| Enterprise Value to EBIT | 21.02 |
| Enterprise Value to Net Income | 23 |
| Total Debt to Enterprise | 0.01 |
| Debt to Equity | 0.05 |
Revenue Sources
No data
Insider Trades
ESG Score
No data
About Garmin Ltd
13,000 employees
CEO: Clifton Pemble Garmin, formerly known as ProNav, is an American multinational technology company founded in 1989, with headquarters in Olathe, Kansas. The company specializes in GPS technology for automotive, aviation, marine, outdoor, and sport activi...