Garmin Ltd. (GRMN): Price and Financial Metrics

GRMN POWR Grades

• Quality is the dimension where GRMN ranks best; there it ranks ahead of 86.58% of US stocks.
• GRMN's strongest trending metric is Momentum; it's been moving down over the last 48 weeks.
• GRMN's current lowest rank is in the Growth metric (where it is better than 38.38% of US stocks).

GRMN Stock Summary

• GRMN has a market capitalization of $33,042,819,282 -- more than approximately 91.82% of US stocks.
• The ratio of debt to operating expenses for Garmin Ltd is higher than it is for about just 9.1% of US stocks.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 1.28 for Garmin Ltd; that's greater than it is for just 15.37% of US stocks.
• Stocks that are quantitatively similar to GRMN, based on their financial statements, market capitalization, and price volatility, are ON, CIEN, KLIC, KEYS, and STM.
• Visit GRMN's SEC page to see the company's official filings. To visit the company's web site, go to www.garmin.com.

GRMN Valuation Summary

• GRMN's price/earnings ratio is 28.5; this is 26.92% lower than that of the median Technology stock.
• GRMN's price/earnings ratio has moved up 8.3 over the prior 243 months.
• Over the past 243 months, GRMN's price/earnings ratio has gone up 8.3.

Below are key valuation metrics over time for GRMN.

GRMN Growth Metrics

• The 4 year price growth rate now stands at 88.95%.
• The 3 year revenue growth rate now stands at 19.02%.
• Its 4 year cash and equivalents growth rate is now at 22.26%.

Over the past 52 months, GRMN's revenue has gone up $1,826,659,000.

The table below shows GRMN's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-06-30	4,859.831	1,308.198	1,183.991
2021-03-31	4,402.793	1,277.755	1,051.174
2021-03-31	4,402.793	1,277.755	1,051.174
2020-12-31	4,186.573	1,135.267	992.324
2020-09-30	3,937.401	933.828	1,019.568
2020-06-30	3,762.59	848.442	934.017

GRMN's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• GRMN has a Quality Grade of B, ranking ahead of 86.7% of graded US stocks.
• GRMN's asset turnover comes in at 0.695 -- ranking 103rd of 208 Electronic Equipment stocks.
• EMAN, MXL, and MPWR are the stocks whose asset turnover ratios are most correlated with GRMN.

The table below shows GRMN's key quality metrics over time.