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Garmin (GRMN)

(Delayed Data from NYSE)

$105.54 USD

105.54
557,064

+3.05 (2.98%)

Updated May 27, 2022 04:03 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy25.08%
2Buy18.56%
3Hold10.15%
4Sell5.79%
5Strong Sell2.83%
S&P50011.24%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value C Growth F Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 39% (155 out of 253)

Industry: Electronics - Miscellaneous Products

Trades from $1

Balance Sheet

Research for GRMN

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Garmin Ltd falls in the month of December.

All items in Millions except Per Share data.

12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Assets          
Cash & Equivalents 1,846 1,846 1,404 1,385 1,053
Receivables 843 849 707 570 591
Notes Receivable 0 0 0 0 0
Inventories 1,228 762 753 562 518
Other Current Assets 345 212 194 149 202
Total Current Assets 4,262 3,669 3,058 2,665 2,364
Net Property & Equipment 1,067 856 729 664 596
Investments & Advances 1,269 1,131 1,205 1,330 1,260
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 273 262 292 206 273
Intangibles 791 829 660 417 410
Deposits & Other Assets 103 190 159 100 108
Total Assets 7,854 7,031 6,167 5,383 5,010
Liabilities & Shareholders Equity 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Notes Payable 0 0 0 0 0
Accounts Payable 370 259 241 205 170
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 393 334 298 255 287
Income Taxes Payable 128 69 57 52 34
Other Current Liabilities 557 502 440 410 338
Total Current Liabilities 1,448 1,164 1,036 921 829
Mortgages 0 0 0 0 0
Deferred Taxes/Income 159 167 182 170 239
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 63 108 106 129 140
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,740 1,515 1,373 1,220 1,208
Shareholders Equity 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Preferred Stock 0 0 0 0 0
Common Stock (Par) 18 18 18 18 18
Capital Surplus 1,961 1,880 1,836 1,824 1,828
Retained Earnings 4,321 3,754 3,229 2,711 2,369
Other Equity 118 183 56 8 56
Treasury Stock 303 320 345 398 469
Total Shareholder's Equity 6,114 5,516 4,794 4,163 3,802
Total Liabilities & Shareholder's Equity 7,854 7,031 6,167 5,383 5,010
Total Common Equity 6,114 5,516 4,794 4,163 3,802
Shares Outstanding 192.30 191.20 198.00 198.00 187.50
Book Value Per Share 31.79 28.85 24.21 21.03 20.28

Fiscal Year End for Garmin Ltd falls in the month of December.

All items in Millions except Per Share data.

3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021
Assets          
Cash & Equivalents 1,793 1,846 1,984 1,970 1,942
Receivables 600 843 639 737 558
Notes Receivable 0 0 0 0 0
Inventories 1,340 1,228 1,114 939 838
Other Current Assets 350 345 272 238 220
Total Current Assets 4,082 4,262 4,009 3,884 3,558
Net Property & Equipment 1,093 1,067 975 958 861
Investments & Advances 1,239 1,269 1,254 1,204 1,213
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 313 273 265 264 263
Intangibles 782 791 809 820 822
Deposits & Other Assets 93 103 170 180 189
Total Assets 7,703 7,854 7,571 7,403 7,000
Liabilities & Shareholders Equity 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021
Notes Payable 0 0 0 0 0
Accounts Payable 299 370 319 304 251
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 319 393 298 314 266
Income Taxes Payable 148 128 110 79 67
Other Current Liabilities 387 557 648 762 350
Total Current Liabilities 1,153 1,448 1,374 1,459 933
Mortgages 0 0 0 0 0
Deferred Taxes/Income 157 159 170 168 162
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 63 102 118 114
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 1,454 1,740 1,717 1,818 1,284
Shareholders Equity 3/31/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021
Preferred Stock 0 0 0 0 0
Common Stock (Par) 18 18 18 18 18
Capital Surplus 1,983 1,961 1,950 1,927 1,893
Retained Earnings 4,532 4,321 4,035 3,776 3,974
Other Equity 11 118 155 167 140
Treasury Stock 295 303 303 303 310
Total Shareholder's Equity 6,249 6,114 5,855 5,584 5,716
Total Liabilities & Shareholder's Equity 7,703 7,854 7,571 7,403 7,000
Total Common Equity 6,249 6,114 5,855 5,584 5,716
Shares Outstanding 193.10 192.30 192.30 192.30 192.10
Book Value Per Share 32.36 31.79 30.45 29.04 29.75