Now trading at a price of $98.79, Garmin has moved -1.1% so far today on a volume of 180,757, compared to its average of 939,804. In contrast, the S&P 500 index moved 0.2%.
Garmin shares moved -24.4% over the last 52 weeks, with a high of $133.79 and a low of $76.37. During this time, the stock lagged the S&P 500 index by -9.6%. As of January 2022, the company's 50-day average price is $92.053. Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. The large-cap Technology company has 18,700 full time employees and is based in Schaffhausen, Switzerland. Garmin has returned a 2.9% dividend yield over the last 12 months.
Sustained EPS Growth with Low Leverage Levels:
|Gross Margins Growth||n/a||-0.17%||-2.19%|
|Operating Margins Growth||n/a||0.0%||-2.78%|
|Earnings Per Share||$4.99||$5.17||$5.61|
|Free Cash Flow (MM)||$578||$948||$703|
|Capital Expenditures (MM)||-$120||-$187||-$310|
|Net Debt / EBITDA||-0.92||-1.17||-1.01|
Garmin Is Currently Fairly Valued:
Compared to the Technology sector's average of 26.5, Garmin has a trailing twelve month P/E ratio of 19.8 and, according to its EPS guidance of 5.49, an expected P/E ratio of 18.0. Garmin's PEG ratio is 5.38 based on its 3.67% average growth rate of historical and projected earnings per share. This suggests that the company's shares are overvalued.
Garmin is undervalued in terms of its assets because its P/B ratio is 3.2 compared to its sector average of 5.57. The company's shares are currently trading 64.2% above their fair value as expressed by Benjamin Graham's formula:
√(22.5 * 3-year average EPS * book value per share) = √(22.5 * 5.26 * 30.587) = $60.17
Garmin Is the Subject of Mixed Market Indicators:
The company has a very low short interest since 1.4% of the company's shares are tied to short positions. Institutions own 55.5% of Garmin's shares, while the insider ownership rate stands at 19.91%. The biggest shareholder is the Vanguard Group, Inc. with a 9% stake in the company worth approximately $1,757,652,333.