1. The overview of “Garmin Ltd.”
2. The detailed data of “Garmin Ltd.”
3. The map of “Garmin Ltd.”
4. The stock weekly chart of “Garmin Ltd.”
5. The stock weekly trading radar of “Garmin Ltd.”
6. The annual filings of “Garmin Ltd.”
7. The stock price of “Garmin Ltd.”
* Last update: February 5, 2022
The overview of “Garmin Ltd.”
“Garmin Ltd.” is a multinational technology company founded in the U.S. in 1989. The company has main businesses, such as GPS technology, navigation system development of transport vehicles, and avionics equipment development. In addition to this, it’s also known as a developer of wearable technology on IoT devices and computers built into watch etc. That’s why, the company’s technology needs extend to the aircraft and medical field etc.
Regarding the operation of affiliated companies in several other countries, they have companies such as “Formar” in Belgium, “Garmin AMB” in Canada, “Belanor” in Norway, “Trepat” in Spain, and “Garmin-Cluj” in Romania, further more, the group headquarters of “Garmin Ltd.” is incorporated in Schaffhausen, Switzerland in 2010. By the way, the company’s stock is also a component of the Procure Space ETF (NASDAQ:UFO), an ETF for space stocks.
The detailed data of “Garmin Ltd.”
●Established date： October 1989
・1200 E. 151st St. Olathe, KS 66062-3426
・Mühlentalstrasse 2, 8200 Schaffhausen Switzerland
●Stock Exchange： NASDAQ（GRMN）
●Listing date： December 8, 2000
●Business details： Communication product（Space technology, IoT）
●Official website： https://www.garmin.com/
The map of “Garmin Ltd.”
The stock weekly chart of “Garmin Ltd.”
The stock weekly trading radar of “Garmin Ltd.”
The annual filings of “Garmin Ltd.”
* Date: Feb 19, 2020
* Date: Feb 20, 2019
* In thousands, except per share information
|Cutoff date||December 26, 2020||December 28, 2019||December 29, 2018||December 30, 2017|
|Net income attributable||992,324||952,486||694,080||709,007|
|Total current assets||3,669,351||3,057,850||2,665,368||2,346,138|
|Total current liabilities||1,164,217||1,035,933||921,313||792,115|
(1.2 or more is the best)
|Common stock and additional paid-in capital||1,898,333||1,853,601||1,841,617||1,846,365|
|Retained earning, Accumulated deficit||3,754,372||3,229,061||2,710,619||2,418,444|
|Total stockholders' equity||5,516,116||4,793,496||4,162,974||3,852,419|
|Total equity and liabilities||7,031,373||6,166,799||5,382,858||4,948,289|
(20% or more is better)
(50% or more is the best)
|Cash flows from operating activities||1,135,267||698,549||919,520||660,842|
|Cash flows from investing activities||(260,524)||(450,746)||(307,503)||(194,383)|
|Cash flows from financing activities||(461,760)||(416,028)||(286,161)||(448,412)|
|Free cash flow||874,743||247,803||612,017||466,459|
The stock price of “Garmin Ltd.”
Net income, Retained earning, and Free cash flow increased steadily.
In addition to this, Current ratio increased for 2 years in a row.
Due to Equity ratio is also ideally large, it's a very good stock.
The stock price is likely to grow steadily in 2021, but it's a space-related stock, so we will have to be careful.
Net income, Retained earning, and Current ratio increased steadily.
Also, particularly Net income increased significantly.
Whereas, Free cash flow decreased even though Net income expanded.
It's because Accounts receivable, Inventories, and Other current & non-current assets etc increased.
That's why, Free cash flow is likely to go back to normal next year or later.
Net income and Current ratio went down a little but nothing is problem.
Also, Equity ratio went down a little but is ideally large, so it's a very good stock.
On the other hand, Retained earning, and Free cash flow increased steadily.
Therefore, the stock prices in 2019 will probably grow steadily or hardly change.
|Entity min stock price in monthly chart||N/A||approx 114.8 (Jan)||approx 72.1 (Apr)||approx 62.0 (Jan)||approx 58.28 (May)|
|Entity max stock price in monthly chart||N/A||approx 174.5 (Aug)||approx 119.7 (Dec)||approx 98.1 (Dec)||approx 70.30 (Oct)|
|Stock price increase ratio|
(50% or more is the best)