Overall Fundamental outlook

Business Operations:

Sector: Technology
Industry: Scientific & Technical Instruments

Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide. It offers running; cycling products; smartwatch devices; scales and monitors; and sports timing and performance analysis; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, which enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response; and dive devices. In addition, it designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography, fishfinders, sonar, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing, audio, digital switching, trolling motors, and lighting; and domain controllers and infotainment units, as well as software, map database, camera, wearable, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, OEM, and online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Revenue projections:

Revenue projections for GRMN
Revenue projections for GRMN

With GRMN's revenue expected to be lower than the previous year, investors may become cautious. Declining revenues often negatively impact the bottom line, reducing profitability and raising concerns among investors about the company's ability to maintain strong financial performance moving forward.

Financial Ratios:

currentRatio 4.361000
forwardPE 23.104528
debtToEquity 2.331000
earningsGrowth 0.215000
revenueGrowth 0.142000
grossMargins 0.591390
operatingMargins 0.246170
trailingEps 8.970000
forwardEps 10.323950

GRMN's current ratio of 4.361 highlights the company's solid liquidity, indicating that it can easily service its short-term debt. GRMN's ample cash reserves and current assets ensure that the company is well-positioned to meet its immediate financial liabilities.
GRMN's Forward PE is at a healthy level, meaning the stock price is aligned favorably with earnings. This suggests that the stock isn't overpriced, providing room for growth and making it an appealing option for investors looking to capitalize on potential future gains.
With positive earnings and revenue growth, GRMN is on a path to expand its business. This strong financial performance suggests the company will continue to grow, as increasing profits and revenue highlight a healthy outlook.
Positive gross and operating margins for Garmin Ltd. highlight the company's profitability. These metrics reflect Garmin Ltd.'s efficiency in controlling costs while generating strong revenue from its core operations, signaling robust financial health.
Garmin Ltd.'s forward EPS is greater than its trailing EPS, indicating that the company is expected to deliver higher profitability this year. This suggests that Garmin Ltd. is projected to improve its earnings, reflecting positive growth compared to last year's financial performance.

Price projections:

Price projections for GRMN
Price projections for GRMN

Over time, price projections for GRMN have gradually risen, signaling growing optimism about the company's future. This upward revision reflects increasing confidence in GRMN's ability to achieve strong financial results.

Insider Transactions:

Insider Transactions for GRMN
Insider Transactions for GRMN


There were 13 GRMN sales transactions, at market price of 228.88063166691705.No sell transactions occurred in the period under review.Investors have shown more interest in buying than selling Garmin Ltd. at current price levels, which may point to a positive market sentiment. This could indicate that investors are expecting favorable results from the stock in the near future.

Recommendation changes over time:

Recommendations trend for GRMN
Recommendations trend for GRMN


Analysts have provided a mixed outlook for GRMN, offering no definitive buy or sell recommendations. This lack of consensus suggests that investors should proceed with caution and consider a variety of market indicators before making decisions, as the stock's future direction remains uncertain.