Garmin Ltd

Garmin Ltd

GRMN

Market Cap$38.51B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Garmin LtdGarmin Ltd26.21.57%18%6.20.1

Earnings Call Q1 2025

April 30, 2025 - AI Summary

Strong Financial Performance: Garmin reported a record first-quarter revenue of $1.54 billion, an 11% increase year-over-year, with three business segments achieving double-digit growth. Gross and operating margins were strong at 57.6% and 21.7%, respectively, leading to a record operating income of $333 million, a 12% YOY increase.
Updated Guidance and Modest Demand Reduction: Garmin raised its 2025 revenue guidance to approximately $6.85 billion, up from $6.80 billion. The guidance reflects foreign currency benefits and a cautious assumption of modest demand reduction due to current macroeconomic conditions and potential tariff impacts.
Impact of Tariffs and Supply Chain Challenges: Garmin is facing approximately $100 million in increased costs due to tariffs, primarily related to products sourced outside the U.S. Despite this, the company expects mitigations (including foreign exchange benefits and strategic pricing adjustments) to offset the tariff impacts, maintaining pro forma EPS guidance at $7.80.

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$162.56

Current Fair Value

20.7% downside

Overvalued by 20.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$38.51 Billion
Enterprise Value$36.77 Billion
Dividend Yield$3 (1.5749212539373%)
Earnings per Share$7.35
Beta0.99
Outstanding Shares192,544,000

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio26.23
PEG127.42
Price to Sales6.21
Price to Book Ratio4.88
Enterprise Value to Revenue5.7
Enterprise Value to EBIT21.96
Enterprise Value to Net Income25
Total Debt to Enterprise0.01
Debt to Equity0.05

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...