GRMN - Garmin Ltd.
NASDAQ
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Scientific & Technical Instruments
Schaffhausen,
Switzerland
Type: Equity
GRMN price evolution
GRMN
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1693.45 | $1422.86 | $1425.53 | $1361.59 |
| Short term investments | $274.62 | $273.05 | $253.69 | $188.88 |
| Net receivables | $815.24 | $721.14 | $716.8 | $610.65 |
| Inventory | $1345.95 | $1439.89 | $1402.22 | $1479 |
| Total current assets | $4464.14 | $4156.91 | $4111 | $3964 |
| Long term investments | $1125.19 | $1081.67 | $1100.26 | $1163.99 |
| Property, plant & equipment | $1367.82 | $1328.01 | $1315.65 | $1299.6 |
| Goodwill & intangible assets | $795.08 | $780.28 | $738.58 | $744.22 |
| Total noncurrent assets | $4139.43 | $3808.11 | $3760.8 | $3762.03 |
| Total investments | $1399.81 | $1354.72 | $1353.95 | $1352.87 |
| Total assets | $8603.57 | $7965.02 | $7871.8 | $7726.03 |
| Current liabilities | ||||
| Accounts payable | $253.79 | $268.03 | $253.8 | $208.8 |
| Deferred revenue | $137.34 | $133.81 | $131.56 | $124.95 |
| Short long term debt | ||||
| Total current liabilities | $1310.69 | $1327.8 | $1449.65 | $1008.2 |
| Long term debt | $113.03 | $111.03 | $110.74 | $111.39 |
| Total noncurrent liabilities | $280.82 | $287.94 | $298.32 | $312.83 |
| Total debt | $113.03 | $111.03 | $110.74 | $111.39 |
| Total liabilities | $1591.51 | $1615.74 | $1747.98 | $1321.03 |
| Shareholders' equity | ||||
| Retained earnings | $5263.53 | $4721.56 | $4464.68 | $4935.73 |
| Other shareholder equity | -$65.61 | -$160.83 | -$115.3 | -$86.57 |
| Total shareholder equity | $7012.06 | $6349.28 | $6123.82 | $6405 |
| (in millions $) | 31 Dec 2023 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $1693.45 | $1279.19 | $1498.06 | $1458.75 |
| Short term investments | $274.62 | $173.29 | $347.98 | $387.64 |
| Net receivables | $815.24 | $667.93 | $843.45 | $849.47 |
| Inventory | $1345.95 | $1515.05 | $1227.61 | $762.08 |
| Total current assets | $4464.14 | $3955.15 | $4261.77 | $3669.35 |
| Long term investments | $1125.19 | $1208.36 | $1268.7 | $1131.17 |
| Property, plant & equipment | $1367.82 | $1285.05 | $1156.93 | $950.16 |
| Goodwill & intangible assets | $795.08 | $746.46 | $791.07 | $828.57 |
| Total noncurrent assets | $4139.43 | $3776.02 | $3592.66 | $3362.02 |
| Total investments | $1399.81 | $1381.65 | $1616.68 | $1518.82 |
| Total assets | $8603.57 | $7731.17 | $7854.43 | $7031.37 |
| Current liabilities | ||||
| Accounts payable | $253.79 | $212.42 | $370.05 | $258.88 |
| Deferred revenue | $137.34 | $126.79 | $129.27 | $136.8 |
| Short long term debt | ||||
| Total current liabilities | $1310.69 | $1211.63 | $1448.15 | $1164.22 |
| Long term debt | $113.03 | $114.54 | $70.04 | $75.96 |
| Total noncurrent liabilities | $280.82 | $315.19 | $292.12 | $351.04 |
| Total debt | $113.03 | $114.54 | $70.04 | $75.96 |
| Total liabilities | $1591.51 | $1526.83 | $1740.27 | $1515.26 |
| Shareholders' equity | ||||
| Retained earnings | $5263.53 | $4733.52 | $4320.74 | $3754.37 |
| Other shareholder equity | -$65.61 | -$25.98 | $117.83 | $183.43 |
| Total shareholder equity | $7012.06 | $6204.34 | $6114.16 | $5516.12 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $1482.5 | $1277.53 | $1320.8 | $1147.42 |
| Cost of revenue | $618.35 | $548.96 | $561.35 | $494.63 |
| Gross Profit | $864.15 | $728.57 | $759.44 | $652.79 |
| Operating activities | ||||
| Research & development | $237.25 | $221.57 | $224.39 | $221.49 |
| Selling, general & administrative | $286.45 | $236.63 | $250.69 | $234.33 |
| Total operating expenses | $523.7 | $458.2 | $475.09 | $455.81 |
| Operating income | $340.45 | $270.37 | $284.36 | $196.98 |
| Income from continuing operations | ||||
| EBIT | $383.04 | $279.57 | $315.98 | $221.77 |
| Income tax expense | -$159.09 | $22.33 | $28.04 | $19.45 |
| Interest expense | ||||
| Net income | ||||
| Net income | $542.13 | $257.24 | $287.94 | $202.33 |
| Income (for common shares) | $542.13 | $257.24 | $287.94 | $202.33 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $5228.25 | $4860.29 | $4982.8 | $4186.57 |
| Cost of revenue | $2223.3 | $2053.51 | $2092.34 | $1705.24 |
| Gross Profit | $3004.95 | $2806.78 | $2890.46 | $2481.34 |
| Operating activities | ||||
| Research & development | $904.7 | $834.93 | $840.02 | $705.68 |
| Selling, general & administrative | $1008.1 | $944 | $831.82 | $721.41 |
| Total operating expenses | $1912.8 | $1778.93 | $1671.84 | $1427.1 |
| Operating income | $1092.16 | $1027.85 | $1218.62 | $1054.24 |
| Income from continuing operations | ||||
| EBIT | $1200.36 | $1064.97 | $1206.8 | $1103.41 |
| Income tax expense | -$89.28 | $91.39 | $124.6 | $111.09 |
| Interest expense | ||||
| Net income | ||||
| Net income | $1289.64 | $973.59 | $1082.2 | $992.32 |
| Income (for common shares) | $1289.64 | $973.59 | $1082.2 | $992.32 |
| (in millions $) | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 | 31 Mar 2023 |
|---|---|---|---|---|
| Net income | $542.13 | $257.24 | $287.94 | $202.33 |
| Operating activities | ||||
| Depreciation | $45.34 | $44.63 | $44.19 | $43.41 |
| Business acquisitions & disposals | -$150.85 | |||
| Stock-based compensation | $35.21 | $22.82 | $22.66 | $20.73 |
| Total cash flows from operations | $465.94 | $357.41 | $273.7 | $279.21 |
| Investing activities | ||||
| Capital expenditures | -$48.59 | -$45.52 | -$52.52 | -$46.67 |
| Investments | -$16.36 | -$0.85 | -$9.2 | $39.1 |
| Total cash flows from investing | -$65.28 | -$197.56 | -$62.23 | -$7.9 |
| Financing activities | ||||
| Dividends paid | -$139.6 | -$139.72 | -$139.59 | -$139.85 |
| Sale and purchase of stock | -$10.76 | -$9.35 | -$5.19 | -$52.44 |
| Net borrowings | ||||
| Total cash flows from financing | -$150.36 | -$149.08 | -$144.78 | -$192.29 |
| Effect of exchange rate | $20.31 | -$13.45 | -$2.79 | $3.39 |
| Change in cash and equivalents | $270.62 | -$2.67 | $63.89 | $82.41 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $1289.64 | $973.59 | $1082.2 | $992.32 |
| Operating activities | ||||
| Depreciation | $177.57 | $163.85 | $154.82 | $126.72 |
| Business acquisitions & disposals | -$150.85 | -$13.46 | -$20.18 | -$148.65 |
| Stock-based compensation | $101.42 | $76.8 | $92.52 | $80.89 |
| Total cash flows from operations | $1376.27 | $788.26 | $1012.43 | $1135.27 |
| Investing activities | ||||
| Capital expenditures | -$193.31 | -$241.88 | -$307.61 | -$183.42 |
| Investments | $12.69 | $112.12 | -$145.64 | $73.61 |
| Total cash flows from investing | -$332.97 | -$145.12 | -$475.37 | -$260.52 |
| Financing activities | ||||
| Dividends paid | -$558.77 | -$679.1 | -$491.46 | -$450.63 |
| Sale and purchase of stock | -$77.74 | -$161.52 | $4.75 | -$11.13 |
| Net borrowings | ||||
| Total cash flows from financing | -$636.51 | -$840.62 | -$486.71 | -$461.76 |
| Effect of exchange rate | $7.46 | -$21.45 | -$10.25 | $18.13 |
| Change in cash and equivalents | $414.24 | -$218.93 | $40.09 | $431.11 |
News
Fundamentals
| Market cap | $26.99B |
|---|---|
| Enterprise value | $25.41B |
| Shares outstanding | 191.78M |
| Revenue | $5.23B |
|---|---|
| EBITDA | $1.38B |
| EBIT | $1.20B |
| Net Income | $1.29B |
| Revenue Q/Q | 13.48% |
| Revenue Y/Y | 7.57% |
| P/E ratio | 20.93 |
|---|---|
| EV/Sales | 4.86 |
| EV/EBITDA | 18.44 |
| EV/EBIT | 21.17 |
| P/S ratio | 5.16 |
| P/B ratio | 3.81 |
| Book/Share | 36.91 |
| Cash/Share | 8.83 |
| EPS | $6.72 |
|---|---|
| ROA | 16.04% |
| ROE | 19.92% |
| Debt/Equity | 0.23 |
|---|---|
| Net debt/EBITDA | -0.07 |
| Current ratio | 3.41 |
| Quick ratio | 2.38 |