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Garmin Ltd (GRMN) is a leading scientific & technical instruments business with stocks listed in the US. It opened the day at US$141.14 after a previous close of US$142.01. During the day the price has varied from a low of USD140.13 to a high of USD142.77. The latest price was USD142.36 (25 minute delay). Garmin is listed on the NASDAQ. All prices are listed in US Dollars.
How to buy shares in Garmin
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for Garmin. Find the share by name or ticker symbol: GRMN. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Garmin reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$143.64, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Garmin, depending on your broker.
- Check in on your investment. Congratulations, you own a part of Garmin. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- Garmin key stats
- Compare share trading platforms
- Is Garmin stock a buy or sell?
- Garmin performance over time
- Can I short Garmin shares?
- Is Garmin suitable for ethical investing?
- Are Garmin shares over-valued?
- Garmin's financials
- How volatile are Garmin shares?
- Does Garmin pay a dividend?
- Have Garmin shares ever split?
- Other common questions
Garmin share priceUse our graph to track the performance of GRMN stocks over time.
Garmin shares at a glance
|52-week range||US$90.5117 - US$144.5279|
|50-day moving average||US$140.8334|
|200-day moving average||US$129.5942|
|Dividend yield||US$2.68 (1.89%)|
|Earnings per share (TTM)||US$5.468|
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Is it a good time to buy Garmin stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Garmin price performance over time
|1 week (2021-06-16)||0.38%|
|1 month (2021-05-21)||1.80%|
|3 months (2021-03-23)||12.84%|
|6 months (2020-12-23)||18.40%|
|1 year (2020-06-23)||45.67%|
|2 years (2019-06-21)||75.30%|
|3 years (2018-06-22)||136.36%|
|5 years (2016-06-23)||228.93%|
Is Garmin under- or over-valued?
Valuing Garmin stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Garmin's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Garmin's P/E ratio
Garmin's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 26x. In other words, Garmin shares trade at around 26x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Garmin's PEG ratio
Garmin's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.2755. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Garmin's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Garmin's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$1.3 billion.
The EBITDA is a measure of a Garmin's overall financial performance and is widely used to measure a its profitability.
|Revenue TTM||US$4.4 billion|
|Operating margin TTM||25.58%|
|Gross profit TTM||US$2.5 billion|
|Return on assets TTM||10.79%|
|Return on equity TTM||19.74%|
|Market capitalisation||US$27.1 billion|
TTM: trailing 12 months
Shorting Garmin shares
There are currently 2.0 million Garmin shares held short by investors – that's known as Garmin's "short interest". This figure is 1.2% up from 2.0 million last month.
There are a few different ways that this level of interest in shorting Garmin shares can be evaluated.
Garmin's "short interest ratio" (SIR)
Garmin's "short interest ratio" (SIR) is the quantity of Garmin shares currently shorted divided by the average quantity of Garmin shares traded daily (recently around 692665.86206897). Garmin's SIR currently stands at 2.9. In other words for every 100,000 Garmin shares traded daily on the market, roughly 2900 shares are currently held short.
However Garmin's short interest can also be evaluated against the total number of Garmin shares, or, against the total number of tradable Garmin shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Garmin's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Garmin shares in existence, roughly 10 shares are currently held short) or 0.0141% of the tradable shares (for every 100,000 tradable Garmin shares, roughly 14 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Garmin.
Find out more about how you can short Garmin stock.
Garmin's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Garmin.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Garmin's total ESG risk score
Total ESG risk: 22.03
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Garmin's overall score of 22.03 (as at 12/31/2018) is pretty good – landing it in it in the 21st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Garmin is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Garmin's environmental score
Environmental score: 6.37/100
Garmin's environmental score of 6.37 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Garmin's social score
Social score: 10.84/100
Garmin's social score of 10.84 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Garmin's governance score
Governance score: 7.82/100
Garmin's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Garmin is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Garmin's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Garmin scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Garmin has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||22.03|
|Total ESG percentile||20.64|
|Environmental score percentile||4|
|Social score percentile||4|
|Governance score percentile||4|
|Level of controversy||2|
Garmin share dividends
Dividend payout ratio: 46.3% of net profits
Recently Garmin has paid out, on average, around 46.3% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.89% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Garmin shareholders could enjoy a 1.89% return on their shares, in the form of dividend payments. In Garmin's case, that would currently equate to about $2.68 per share.
While Garmin's payout ratio might seem fairly standard, it's worth remembering that Garmin may be investing much of the rest of its net profits in future growth.
Garmin's most recent dividend payout was on 30 March 2022. The latest dividend was paid out to all shareholders who bought their shares by 13 September 2021 (the "ex-dividend date").
Have Garmin's shares ever split?
Garmin's shares were split on a 2:1 basis on 15 August 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Garmin shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Garmin shares which in turn could have impacted Garmin's share price.
Garmin share price volatility
Over the last 12 months, Garmin's shares have ranged in value from as little as US$90.5117 up to US$144.5279. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Garmin's is 1.056. This would suggest that Garmin's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; and fitness and cycling accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds, golf devices, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising 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 transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, and various services products. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded computing models and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, online retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.
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