Garmin produces GPS-enabled hardware and software for five verticals: fitness, outdoors, auto, aviation, and marine. The company relies on licensing mapping data to enable its hardware specialized for often niche activities like scuba diving or sailing. Garmin operates in 100 countries and sells its products via distributors as well as relationships with original equipment manufacturers.

Financial Strength

9/10

Name	Current	Vs Industry	Vs History
Cash-To-Debt	17.41
Equity-to-Asset	0.82
Debt-to-Equity	0.02
Debt-to-EBITDA	0.09
Interest Coverage	N/A	N/A	N/A
Piotroski F-Score	7/9	0 1 2 3 4 5 6 7 8 9
Altman Z-Score	12.54	Distress Grey Safe
Beneish M-Score	-2.32	Manipulator Not Manipulator
WACC vs ROIC		WACC ROIC

Growth Rank

10/10

	Name	Current	Vs Industry		Vs History
	3-Year Revenue Growth Rate	7.7
	3-Year EBITDA Growth Rate	2.4
	3-Year EPS without NRI Growth Rate	8.5
	3-Year FCF Growth Rate	7.6
	3-Year Book Growth Rate	8.3
	Future 3-5Y EPS without NRI Growth Rate	5.6
	Future 3-5Y Total Revenue Growth Rate	9.61

Momentum Rank

6/10

	Name	Current	Vs Industry		Vs History
	5-Day RSI	20.98
	9-Day RSI	31.49
	14-Day RSI	40.86
	6-1 Month Momentum %	38.98
	12-1 Month Momentum %	46.83

Liquidity Ratio

	Name	Current	Vs Industry		Vs History
	Current Ratio	3.41
	Quick Ratio	2.38
	Cash Ratio	1.5
	Days Inventory	235.82
	Days Sales Outstanding	49.16
	Days Payable	39.3

Dividend & Buy Back

	Name	Current	Vs Industry		Vs History
	Dividend Yield %	2.07
	Dividend Payout Ratio	0.44
	3-Year Dividend Growth Rate	6.8
	Forward Dividend Yield %	2.12
	5-Year Yield-on-Cost %	2.94
	Shareholder Yield %	1.99

Profitability Rank

9/10

	Name	Current	Vs Industry		Vs History
	Gross Margin %	57.48
	Operating Margin %	20.89
	Net Margin %	24.67
	FCF Margin %	22.59
	ROE %	20.09
	ROA %	16.16
	ROIC %	22.81
	ROC (Joel Greenblatt) %	43.36
	ROCE %	16.26
	Years of Profitability over Past 10-Year	10

GF Value Rank

3/10

	Name	Current	Vs Industry		Vs History
	PE Ratio	20.79
	Forward PE Ratio	26.77
	PE Ratio without NRI	21.19
	Shiller PE Ratio	32
	Price-to-Owner-Earnings	23.78
	PEG Ratio	3.12
	PS Ratio	5.13
	PB Ratio	3.82
	Price-to-Tangible-Book	4.3
	Price-to-Free-Cash-Flow	22.71
	Price-to-Operating-Cash-Flow	19.5
	EV-to-EBIT	23.01
	EV-to-Forward-EBIT	21.97
	EV-to-EBITDA	19.79
	EV-to-Forward-EBITDA	12.2
	EV-to-Revenue	4.81
	EV-to-Forward-Revenue	4.36
	EV-to-FCF	21.28
	Price-to-Projected-FCF	1.73
	Price-to-DCF (Earnings Based)	0.83
	Price-to-DCF (FCF Based)	1.08
	Price-to-Median-PS-Value	1.32
	Price-to-Peter-Lynch-Fair-Value	3.23
	Price-to-Graham-Number	2.01
	Price-to-Net-Current-Asset-Value	9.31
	Price-to-Net-Cash	71.18
	Earnings Yield (Greenblatt) %	4.35
	FCF Yield %	4.41
	Forward Rate of Return (Yacktman) %	9.46

GF Value: $118.88

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