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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt No Debt
GRMN's Cash to Debt is ranked higher than
99% of the 2641 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.29 vs. GRMN: No Debt )
GRMN' s 10-Year Cash to Debt Range
Min: 5.36   Max: No Debt
Current: No Debt

Equity to Asset 0.69
GRMN's Equity to Asset is ranked higher than
77% of the 2611 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.56 vs. GRMN: 0.69 )
GRMN' s 10-Year Equity to Asset Range
Min: 0.69   Max: 0.9
Current: 0.69

0.69
0.9
Interest Coverage No Debt
GRMN's Interest Coverage is ranked higher than
76% of the 1629 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 126.19 vs. GRMN: No Debt )
GRMN' s 10-Year Interest Coverage Range
Min: 56.53   Max: 9999.99
Current: No Debt

56.53
9999.99
F-Score: 7
Z-Score: 6.22
M-Score: -2.76
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 24.30
GRMN's Operating margin (%) is ranked higher than
97% of the 2641 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.83 vs. GRMN: 24.30 )
GRMN' s 10-Year Operating margin (%) Range
Min: 20.07   Max: 39.62
Current: 24.3

20.07
39.62
Net-margin (%) 11.23
GRMN's Net-margin (%) is ranked higher than
89% of the 2641 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.99 vs. GRMN: 11.23 )
GRMN' s 10-Year Net-margin (%) Range
Min: 18.88   Max: 31.18
Current: 11.23

18.88
31.18
ROE (%) 8.98
GRMN's ROE (%) is ranked higher than
74% of the 2604 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 5.75 vs. GRMN: 8.98 )
GRMN' s 10-Year ROE (%) Range
Min: 15.98   Max: 43.75
Current: 8.98

15.98
43.75
ROA (%) 6.66
GRMN's ROA (%) is ranked higher than
82% of the 2652 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 3.05 vs. GRMN: 6.66 )
GRMN' s 10-Year ROA (%) Range
Min: 11.68   Max: 32.96
Current: 6.66

11.68
32.96
ROC (Joel Greenblatt) (%) 105.50
GRMN's ROC (Joel Greenblatt) (%) is ranked higher than
98% of the 2648 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9.62 vs. GRMN: 105.50 )
GRMN' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 63.27   Max: 162.08
Current: 105.5

63.27
162.08
Revenue Growth (3Y)(%) -0.40
GRMN's Revenue Growth (3Y)(%) is ranked higher than
62% of the 1951 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. GRMN: -0.40 )
GRMN' s 10-Year Revenue Growth (3Y)(%) Range
Min: -5.1   Max: 60.5
Current: -0.4

-5.1
60.5
EBITDA Growth (3Y)(%) -0.70
GRMN's EBITDA Growth (3Y)(%) is ranked higher than
65% of the 1603 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.50 vs. GRMN: -0.70 )
GRMN' s 10-Year EBITDA Growth (3Y)(%) Range
Min: -10.5   Max: 52.7
Current: -0.7

-10.5
52.7
EPS Growth (3Y)(%) 1.90
GRMN's EPS Growth (3Y)(%) is ranked higher than
69% of the 1461 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.40 vs. GRMN: 1.90 )
GRMN' s 10-Year EPS Growth (3Y)(%) Range
Min: -8.8   Max: 60
Current: 1.9

-8.8
60
» GRMN's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q4 2013

GRMN Guru Trades in Q4 2013

RS Investment Management 32,800 sh (New)
Steven Cohen 23,847 sh (New)
Paul Tudor Jones 14,648 sh (+161.57%)
Murray Stahl 11,455 sh (+47.62%)
John Hussman Sold Out
Pioneer Investments Sold Out
Joel Greenblatt Sold Out
Chuck Royce 245,100 sh (-20.85%)
» More
Q1 2014

GRMN Guru Trades in Q1 2014

Joel Greenblatt 108,821 sh (New)
Caxton Associates 15,000 sh (New)
Jim Simons 321,042 sh (New)
Murray Stahl 14,198 sh (+23.95%)
RS Investment Management 32,800 sh (unchged)
Steven Cohen 17,658 sh (-25.95%)
Chuck Royce 147,342 sh (-39.88%)
Paul Tudor Jones 6,981 sh (-52.34%)
» More
Q2 2014

GRMN Guru Trades in Q2 2014

Jeremy Grantham 11,900 sh (New)
Caxton Associates 40,000 sh (+166.67%)
RS Investment Management 32,800 sh (unchged)
Paul Tudor Jones Sold Out
Murray Stahl 13,101 sh (-7.73%)
Chuck Royce 120,642 sh (-18.12%)
Joel Greenblatt 88,010 sh (-19.12%)
Jim Simons 70,142 sh (-78.15%)
» More
Q3 2014

GRMN Guru Trades in Q3 2014

Paul Tudor Jones 31,181 sh (New)
John Hussman 100,000 sh (New)
Joel Greenblatt 828,510 sh (+841.38%)
Jeremy Grantham 79,412 sh (+567.33%)
Murray Stahl 16,244 sh (+23.99%)
Chuck Royce 145,242 sh (+20.39%)
RS Investment Management Sold Out
Jim Simons Sold Out
Caxton Associates Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with GRMN

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Hussman 2014-09-30 New Buy0.44%$50.75 - $61.69 $ 53.3-4%100000
Joel Greenblatt 2014-09-30 Add 841.38%0.38%$50.75 - $61.69 $ 53.3-4%828510
Joel Greenblatt 2014-03-31 New Buy0.09%$43.63 - $56.02 $ 53.38%108821
Joel Greenblatt 2013-12-31 Sold Out 0.1%$45.7 - $49.33 $ 53.312%0
John Hussman 2013-12-31 Sold Out 0.01%$45.7 - $49.33 $ 53.312%0
Joel Greenblatt 2013-06-30 Reduce -56.49%0.17%$32.6 - $36.88 $ 53.353%77519
Jean-Marie Eveillard 2013-06-30 Sold Out 0.01%$32.6 - $36.88 $ 53.353%0
Joel Greenblatt 2013-03-31 New Buy0.3%$32.97 - $42.25 $ 53.343%178155
Jean-Marie Eveillard 2013-03-31 New Buy0.01%$32.97 - $42.25 $ 53.343%102300
John Hussman 2013-03-31 Add 53.57%$32.97 - $42.25 $ 53.343%4300
John Hussman 2012-12-31 Add 100%$36.12 - $42.73 $ 53.334%2800
John Hussman 2012-09-30 New Buy$35.85 - $42.45 $ 53.335%1400
Joel Greenblatt 2012-03-31 Sold Out 0.05%$39.36 - $48.86 $ 53.328%0
Joel Greenblatt 2011-12-31 Reduce -63.33%0.09%$30.6 - $40.39 $ 53.350%10279
Joel Greenblatt 2011-09-30 Reduce -76.65%0.42%$30.14 - $33.74 $ 53.365%28031
Premium More recent guru trades are included for Premium Members only!!
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Ratios

vs
industry
vs
history
P/E(ttm) 33.00
GRMN's P/E(ttm) is ranked higher than
64% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 32.50 vs. GRMN: 33.00 )
GRMN' s 10-Year P/E(ttm) Range
Min: 3.87   Max: 36.53
Current: 33

3.87
36.53
P/B 3.15
GRMN's P/B is ranked lower than
54% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.62 vs. GRMN: 3.15 )
GRMN' s 10-Year P/B Range
Min: 1.38   Max: 13.05
Current: 3.15

1.38
13.05
P/S 3.67
GRMN's P/S is ranked lower than
59% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 0.97 vs. GRMN: 3.67 )
GRMN' s 10-Year P/S Range
Min: 0.91   Max: 10.98
Current: 3.67

0.91
10.98
PFCF 23.07
GRMN's PFCF is ranked higher than
76% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 100.00 vs. GRMN: 23.07 )
GRMN' s 10-Year PFCF Range
Min: 3.98   Max: 53.54
Current: 23.07

3.98
53.54
EV-to-EBIT 12.93
GRMN's EV-to-EBIT is ranked higher than
77% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 23.98 vs. GRMN: 12.93 )
GRMN' s 10-Year EV-to-EBIT Range
Min: 2.7   Max: 32.3
Current: 12.93

2.7
32.3
Shiller P/E 18.32
GRMN's Shiller P/E is ranked higher than
90% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. GRMN: 18.32 )
GRMN' s 10-Year Shiller P/E Range
Min: 6.86   Max: 77.03
Current: 18.32

6.86
77.03
Current Ratio 2.16
GRMN's Current Ratio is ranked higher than
68% of the 2637 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.93 vs. GRMN: 2.16 )
GRMN' s 10-Year Current Ratio Range
Min: 2.16   Max: 11.8
Current: 2.16

2.16
11.8
Quick Ratio 1.74
GRMN's Quick Ratio is ranked higher than
71% of the 2637 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.41 vs. GRMN: 1.74 )
GRMN' s 10-Year Quick Ratio Range
Min: 1.74   Max: 10.03
Current: 1.74

1.74
10.03

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.55
GRMN's Dividend Yield is ranked higher than
78% of the 1731 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.73 vs. GRMN: 3.55 )
GRMN' s 10-Year Dividend Yield Range
Min: 0.46   Max: 8.32
Current: 3.55

0.46
8.32
Dividend Payout 1.14
GRMN's Dividend Payout is ranked higher than
70% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 6.59 vs. GRMN: 1.14 )
GRMN' s 10-Year Dividend Payout Range
Min: 0.47   Max: 2.24
Current: 1.14

0.47
2.24
Dividend growth (3y) 6.30
GRMN's Dividend growth (3y) is ranked higher than
79% of the 879 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.80 vs. GRMN: 6.30 )
GRMN' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 44.2
Current: 6.3

0
44.2
Yield on cost (5-Year) 9.08
GRMN's Yield on cost (5-Year) is ranked higher than
92% of the 1785 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. GRMN: 9.08 )
GRMN' s 10-Year Yield on cost (5-Year) Range
Min: 1.19   Max: 21.58
Current: 9.08

1.19
21.58
Share Buyback Rate 0.30
GRMN's Share Buyback Rate is ranked higher than
82% of the 1385 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: -0.80 vs. GRMN: 0.30 )
GRMN' s 10-Year Share Buyback Rate Range
Min: 3.4   Max: -2.7
Current: 0.3

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 21.94
GRMN's Price/Net Current Asset Value is ranked higher than
76% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. GRMN: 21.94 )
GRMN' s 10-Year Price/Net Current Asset Value Range
Min: 4.76   Max: 35.01
Current: 21.94

4.76
35.01
Price/Tangible Book 3.38
GRMN's Price/Tangible Book is ranked higher than
50% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.00 vs. GRMN: 3.38 )
GRMN' s 10-Year Price/Tangible Book Range
Min: 1.9   Max: 14.21
Current: 3.38

1.9
14.21
Price/DCF (Projected) 1.07
GRMN's Price/DCF (Projected) is ranked higher than
87% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 9999.00 vs. GRMN: 1.07 )
GRMN' s 10-Year Price/DCF (Projected) Range
Min: 0.54   Max: 5.31
Current: 1.07

0.54
5.31
Price/Median PS Value 1.09
GRMN's Price/Median PS Value is ranked higher than
66% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 1.11 vs. GRMN: 1.09 )
GRMN' s 10-Year Price/Median PS Value Range
Min: 0.34   Max: 3.08
Current: 1.09

0.34
3.08
Price/Graham Number 2.19
GRMN's Price/Graham Number is ranked higher than
64% of the 2788 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 2.30 vs. GRMN: 2.19 )
GRMN' s 10-Year Price/Graham Number Range
Min: 0.68   Max: 4.74
Current: 2.19

0.68
4.74
Earnings Yield (Greenblatt) 7.70
GRMN's Earnings Yield (Greenblatt) is ranked higher than
76% of the 2615 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 4.80 vs. GRMN: 7.70 )
GRMN' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.1   Max: 37.1
Current: 7.7

3.1
37.1
Forward Rate of Return (Yacktman) 2.70
GRMN's Forward Rate of Return (Yacktman) is ranked higher than
66% of the 1183 Companies
in the Global Scientific & Technical Instruments industry.

( Industry Median: 7.35 vs. GRMN: 2.70 )
GRMN' s 10-Year Forward Rate of Return (Yacktman) Range
Min: 0.3   Max: 56.2
Current: 2.7

0.3
56.2

Business Description

Industry: Computer Hardware » Scientific & Technical Instruments
Compare:A, ROP, HXGBY, TRMB, NANO » details
Traded in other countries:GEY.Germany,
Garmin Ltd., was incorporated in the Cayman Islands on July 24, 2000 as a holding company for Garmin Corporation, a Taiwan corporation, in order to facilitate a public offering of Garmin shares in the United States. The Company is a provider of navigation, communications and information devices, which are enabled by Global Positioning System or GPS, technology. Garmin has identified five operating segments for external reporting purposes: Auto/Mobile, Aviation, Marine, Outdoor and Fitness. There are three operating segments (Auto PND, Auto OEM and Mobile) that are not reported separately, but are aggregated within the Auto/Mobile reportable segment. The Company's marine, auto/mobile, outdoor, and fitness segments include portable global positioning system (GPS) receivers and accessories sold primarily to retail outlets. These products are produced primarily by the Company's subsidiary in Taiwan. The Company's aviation products are portable and panel mount avionics for Visual Flight Rules and Instrument Flight Rules navigation and are sold primarily to aviation dealers and certain aircraft manufacturers. The Company's competitors for portable automotive products are TomTom N.V. and MiTAC Digital Corporation (MiTAC) (which distributes products under the brand names of Magellan, Mio, and Navman). Garmin believes that its principal competitors for outdoor product lines are Bushnell, Delorme, Lowrance Electronics, Inc., a subsidiary of Navico ("Lowrance") Magellan, a subsidiary of MiTAC, and Woodman Labs Inc. dba GoPro. For mobile products, its principal competitors are Google In., Apple Inc. and Telenav Inc. Its principal competitors for fitness products are Bryton Corp., Fitbit Inc., Nike, Inc., Polar Electro Oy, Sigma Sports, Suunto Oy and Timex Corp. For marine products, its principal competitors are Furuno Electronic Company, the Humminbird division of Johnson Outdoors, Inc., Navico and Raymarine Inc. For Garmin's aviation product lines, its principal competitors to be Aspen Avionics, Avidyne Corporation, Chelton Flight Systems, CMC Electronics, Free Flight Systems, Honeywell, Inc., L-3 Avionics Systems, Rockwell Collins, Inc., Sagem Avionics, Inc. and Universal Avionics Systems Corporation.The Company's brand name includes StreetPilot, NAVIGON, Dakota, Oregon, Rino, Montana, Monterra, eTrex, and GPSMAP, fenix, Approach, Astro, Alpha, Bark Limiter, Delta, etc. Garmin's operations are subject to various environmental laws, including laws addressing air and water pollution and management of hazardous substances and wastes.
» More Articles for GRMN

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