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Garmin Ltd. GRMN | NYSE

$290.93 $0.70 | 0.24%

SIGNAL:

|2026-09-24 |F&G 56 |RSI 54.5

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Company Overview:

Market Cap: $55.97B

Trailing PE: 30x

FWD PE *: 28.4x

Payout Ratio (TTM): 38.5%

52-Week Range: $186.67 - $314.28

* Forward PE is based on street estimates.

10 Year GRMN Performance Metrics:

Total Return (with DRIP): 672% (22.67% CAGR)

Total Return (no DRIP): 558% (20.73% CAGR)

Share Price: 505% (19.72% CAGR)

Yield on Cost (with DRIP): 11.14%

Total Invested: $10,000

Total Value (with DRIP): $77,178

Total Return $ (with DRIP): $67,178

Dividend Increase: 105.9% (7.49% CAGR)

Dividend Yield (FWD): 1.44% ($4.20)

GRMN 10-yr Total Return ($10K invested)

1M 3M 6M YTD 1Y 3Y 5Y 10Y

GRMN Share Price

1M 3M 6M YTD 1Y 3Y 5Y 10Y All

GRMN Price CAGR:1Y: 18.16%2Y: 28.56%5Y: 13.35%10Y: 19.72%

GRMN Dividend Charts

GRMN - Dividends

GRMN Dividend CAGR:1Y: 13.17%2Y: 16.19%5Y: 8.95%10Y: 7.30%

GRMN - Dividend Payout Ratio

GRMN Dividend Payout Ratio CAGR:1Y: -13.55%2Y: 1.70%5Y: -5.55%10Y: -6.97%

GRMN - Dividend to Free Cash Flow Ratio

GRMN Dividend to FCF Ratio CAGR:1Y: -29.09%2Y: 21.09%5Y: 8.80%10Y: 7.06%

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GRMN Fundamentals: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:

GRMN - Revenue

GRMN Revenue CAGR:1Y: 11.44%2Y: 12.91%5Y: 11.15%10Y: 10.84%

GRMN - Earnings Per Share (EPS)

GRMN EPS CAGR:1Y: 35.27%2Y: 16.30%5Y: 15.88%10Y: 15.55%

GRMN - Net Income

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GRMN Net Income CAGR:1Y: 35.20%2Y: 16.53%5Y: 15.91%10Y: 15.79%

GRMN - EBITDA

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GRMN EBITDA CAGR:1Y: 23.46%2Y: 16.25%5Y: 14.09%10Y: 13.78%

GRMN - Free Cash Flow

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GRMN Free Cash Flow CAGR:1Y: 64.83%2Y: -2.13%5Y: 0.62%10Y: 0.62%

GRMN - Free Cash Flow / Share

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GRMN Free Cash Flow / Share CAGR:1Y: 64.56%2Y: -2.29%5Y: 0.57%10Y: 0.40%

GRMN - Operating Income

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GRMN Operating Income CAGR:1Y: 30.32%2Y: 18.62%5Y: 16.84%10Y: 14.45%

GRMN - Gross Profit

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GRMN Gross Profit CAGR:1Y: 18.28%2Y: 15.16%5Y: 12.64%10Y: 12.01%

GRMN - Shares Outstanding

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GRMN Shares Outstanding CAGR:1Y: 0.03%2Y: 0.08%5Y: 0.03%10Y: 0.22%

GRMN - Share Buybacks

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GRMN Share Buybacks CAGR:1Y: 29.32%2Y: 109.90%5Y: 385.61%10Y: 15.69%

GRMN - Stock-Based Comp

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GRMN Stock-Based Comp CAGR:1Y: 2.16%2Y: 13.89%5Y: 14.25%10Y: 16.70%

GRMN - Expenses

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GRMN Expenses CAGR:1Y: 179.75%2Y: 82.07%5Y: 25.13%10Y: 23.55%

GRMN - Revenue vs Net Income

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GRMN - EPS vs FCF / Share

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GRMN - EPS vs PE Ratio

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GRMN - FCF vs FCF / Share

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GRMN - FCF vs Stock Based Comp

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GRMN - Cash & Debt

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GRMN - Revenue by Segment

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GRMN Revenue CAGR:1Y: 11.44%2Y: 12.91%5Y: 11.15%10Y: 10.84%

GRMN - Revenue by Region

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GRMN Revenue CAGR:1Y: 11.44%2Y: 12.91%5Y: 11.15%10Y: 10.84%

Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:

GRMN - REVENUE: Actual + Estimates

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GRMN Actual Revenue CAGR:1Y: 11.44%2Y: 12.91%5Y: 11.15%10Y: 10.84%

GRMN - EPS: Actual + Estimates

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GRMN Actual EPS CAGR:1Y: 35.27%2Y: 16.30%5Y: 15.88%10Y: 15.55%

GRMN - NET INCOME: Actual + Estimates

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GRMN Actual Net Income CAGR:1Y: 35.20%2Y: 16.53%5Y: 15.91%10Y: 15.79%

GRMN - EBITDA: Actual + Estimates

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GRMN Actual EBITDA CAGR:1Y: 23.46%2Y: 16.25%5Y: 14.09%10Y: 13.78%

Ratios, Profit Margins & Return on Capital:

GRMN - Net Profit Margin

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GRMN Net Profit Margin CAGR:1Y: 21.32%2Y: 3.21%5Y: 4.28%10Y: 4.47%

GRMN - Gross Profit Margin

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GRMN Gross Profit Margin CAGR:1Y: 6.14%2Y: 1.99%5Y: 1.34%10Y: 1.05%

GRMN - Price to Earnings

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GRMN Price to Earnings CAGR:1Y: -17.40%2Y: -0.63%5Y: -8.38%10Y: 1.24%

GRMN - Price To Sales Ratio

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GRMN Price To Sales Ratio CAGR:1Y: 0.30%2Y: 2.55%5Y: -4.46%10Y: 5.76%

GRMN - Return on Capital Employed

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GRMN Return on Capital Employed CAGR:1Y: 17.09%2Y: 8.18%5Y: 7.64%10Y: 4.25%

GRMN - Return on Invested Capital

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GRMN Return on Invested Capital CAGR:1Y: 16.77%2Y: 8.94%5Y: 4.10%10Y: 3.66%

GRMN Dividends Info:

Annual Dividend: $4.2

Forward Yield: 1.44%

Ex-Dividend Date: 2027-03-12

Lifetime Dividends / Share: $44.80

GRMN Dividend History: Dates, Payments & Yield list

Below is a schedule of all GRMN dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield

Ex-Date	Payment Date	Amount	Yield	Forward Yield	Price on Ex-Date
03/12/2027	03/26/2027	$1.050	1.43%	0%	$0.00
12/11/2026	12/24/2026	$1.050	1.43%	0%	$0.00
09/11/2026	09/14/2026	$1.050	1.49%	1.5%	$280.38
06/15/2026	06/17/2026	$1.050	1.76%	1.81%	$231.89
03/13/2026	03/16/2026	$0.900	1.54%	1.53%	$234.83
12/12/2025	12/15/2025	$0.900	1.73%	1.74%	$207.23
09/12/2025	09/15/2025	$0.900	1.51%	1.53%	$235.83
06/16/2025	06/18/2025	$0.900	1.77%	1.82%	$198.30
03/14/2025	03/17/2025	$0.750	1.4%	1.41%	$212.44
12/13/2024	12/16/2024	$0.750	1.39%	1.4%	$214.62
09/13/2024	09/16/2024	$0.750	1.74%	1.74%	$172.62
06/17/2024	06/19/2024	$0.750	1.87%	1.84%	$162.92
03/14/2024	03/18/2024	$0.730	1.99%	2%	$146.01
12/14/2023	12/18/2023	$0.730	2.32%	2.31%	$126.46
09/14/2023	09/18/2023	$0.730	2.74%	2.73%	$107.05
06/16/2023	06/19/2023	$0.730	2.75%	2.8%	$104.29
03/14/2023	03/16/2023	$0.730	3.01%	3%	$97.31
12/14/2022	12/30/2022	$0.730	3.05%	3.16%	$92.29
09/14/2022	09/30/2022	$0.730	3.31%	3.64%	$80.31
06/16/2022	06/30/2022	$0.730	3.15%	2.97%	$98.25
03/14/2022	03/31/2022	$0.670	2.45%	2.26%	$118.61
12/14/2021	12/31/2021	$0.670	2%	1.97%	$136.17
09/14/2021	09/30/2021	$0.670	1.58%	1.72%	$155.46
06/14/2021	06/30/2021	$0.670	1.88%	1.85%	$144.64
03/12/2021	03/31/2021	$0.610	1.91%	1.85%	$131.85
12/14/2020	12/31/2020	$0.610	2.08%	2.04%	$119.66
09/14/2020	09/30/2020	$0.610	2.45%	2.57%	$94.86
06/12/2020	06/30/2020	$0.610	2.66%	2.5%	$97.50
03/13/2020	03/31/2020	$0.570	2.95%	3.04%	$74.96
12/13/2019	12/31/2019	$0.570	2.34%	2.34%	$97.56
09/13/2019	09/30/2019	$0.570	2.67%	2.69%	$84.69
06/14/2019	06/28/2019	$0.570	2.86%	2.86%	$79.80
03/14/2019	03/29/2019	$0.530	2.55%	2.46%	$86.35
12/13/2018	12/31/2018	$0.530	3.21%	3.35%	$63.32
09/13/2018	09/28/2018	$0.530	3.09%	3.03%	$70.05
06/15/2018	06/29/2018	$0.530	3.46%	3.48%	$61.00
03/14/2018	03/30/2018	$0.510	3.39%	3.51%	$58.06
12/14/2017	12/29/2017	$0.510	3.43%	3.42%	$59.57
09/13/2017	09/29/2017	$0.510	3.88%	3.78%	$53.97
06/15/2017	06/30/2017	$0.510	3.95%	4%	$51.03
03/13/2017	03/31/2017	$0.510	3.93%	3.99%	$51.11
12/12/2016	12/30/2016	$0.510	4.11%	4.21%	$48.49
09/13/2016	09/30/2016	$0.510	4.35%	4.24%	$48.11
06/16/2016	06/30/2016	$0.510	4.87%	4.81%	$42.42
03/14/2016	03/31/2016	$0.510	5.19%	5.11%	$39.96
12/11/2015	12/31/2015	$0.510	5.75%	5.49%	$37.17
09/11/2015	09/30/2015	$0.510	5.68%	5.69%	$35.88
06/12/2015	06/30/2015	$0.510	4.55%	4.64%	$43.93
03/12/2015	03/31/2015	$0.480	3.94%	4.04%	$47.52
12/11/2014	12/31/2014	$0.480	3.6%	3.63%	$52.83
09/11/2014	09/30/2014	$0.480	3.62%	3.69%	$51.99
06/13/2014	06/30/2014	$0.480	3.24%	3.15%	$60.90
03/13/2014	03/31/2014	$0.450	3.43%	3.26%	$55.26
12/12/2013	12/31/2013	$0.450	3.82%	3.9%	$46.19
09/12/2013	09/30/2013	$0.450	4.25%	3.98%	$45.19
06/14/2013	06/28/2013	$0.450	5.34%	4.98%	$36.17
03/13/2013	03/29/2013	$0.450	5.19%	5.52%	$32.60
12/12/2012	12/31/2012	$0.450	4.38%	4.42%	$40.75
09/12/2012	09/28/2012	$0.450	4.39%	4.31%	$41.74
06/13/2012	06/29/2012	$0.450	4.69%	4.7%	$38.29
03/13/2012	03/30/2012	$0.400	3.36%	3.41%	$46.98
12/13/2011	12/30/2011	$0.400	1.04%	1%	$39.81
09/13/2011	09/30/2011	$0.400	1.22%	1.26%	$31.77
06/13/2011	06/30/2011	$0.800	2.46%	2.42%	$33.03
04/13/2010	04/30/2010	$1.501	4.12%	4.02%	$37.38
11/27/2009	12/15/2009	$0.750	2.42%	2.46%	$30.54
11/26/2008	12/15/2008	$0.750	4.41%	3.95%	$19.01
08/13/2007	09/14/2007	$0.750	0.75%	0.71%	$106.36
11/29/2006	12/15/2006	$0.500	1%	0.91%	$54.76
11/29/2005	12/15/2005	$0.250	3.58%	3.22%	$31.10
11/29/2004	12/15/2004	$0.250	3.44%	3.52%	$28.42
11/26/2003	12/15/2003	$0.250	3.57%	3.75%	$26.67

Projected Future Returns & Dividends for GRMN

Based on past 10-year performance, here are GRMN growth metrics:

Share price CAGR of +19.72%
Dividend CAGR of +7.49%

Using GRMN CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:

	GRMN (DRIP)	GRMN - No DRIP
Current Price	$290.93	$290.93
Start Shares	34.37	34.37
Start Value	$10,000	$10,000

After 10 years:
Final Share Count	37.73	34.37
Dividends Payment	$2.16	$2.16
Annual Dividends	$326	$297
Yield on cost	3.26%	2.97%
Share Price	$1,759.31	$1,759.31
Total Dividends	$2,166	$2,042
Final Value	$66,373	$62,513

Estimated Future Value + Dividends - GRMN

NOTE: Above numbers are our estimate based on GRMN's Dividend and Price CAGR over past 10 years. These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.

We cannot guarantee that your actual returns will meet these estimates.

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Company Info

Garmin Ltd. (GRMN) had its IPO on 2000-12-08, and is traded on NYSE stock exchange.

Garmin Ltd. specializes in the design, development, manufacturing, marketing, and global distribution of diverse wireless products and solutions. Its operations span across North and South America, the Asia Pacific region, the Australian Continent, Europe, the Middle East, and Africa. The company's offerings are organized into several key segments: Fitness: This division caters to athletes and active individuals with products like specialized running and multi-sport watches, cycling computers, activity trackers, smartwatches, and various fitness-related accessories. Additionally, it supports these offerings with its Garmin Connect web and mobile platforms, alongside Connect IQ, an ecosystem for app development. Outdoor: Garmin's Outdoor category features rugged adventure watches, portable GPS devices, golf-specific instruments and accompanying mobile applications, plus specialized dog tracking and training systems. Aviation: The Aviation sector delivers comprehensive avionics solutions for aircraft, encompassing integrated cockpit systems, advanced flight displays and instrumentation, navigation and communication tools, automated flight controls, safety enhancements, audio management, engine monitoring, traffic and weather avoidance systems, ADS-B transponders, data connectivity, portable GPS navigators, wearable aviation devices, and related support services. Marine: For the Marine market, Garmin provides a suite of solutions including chartplotters, multi-function displays, marine cartography, fish finders, sonar technology, autopilots, radar systems, compliant instrumentation and sensors, VHF radios, handheld and wearable marine devices, sailing-specific products, onboard entertainment, digital switching, and electric trolling motors. Auto: The Automotive segment focuses on in-vehicle computing and infotainment systems, personal navigation units, and various camera solutions. Garmin's products are distributed through a diverse network including independent and online retailers, authorized dealers, distributors, service and installation centers, original equipment manufacturers (OEMs), and directly via its official e-commerce platform, garmin.com. Established in 1989, Garmin Ltd. maintains its corporate headquarters in Schaffhausen, Switzerland.

GRMN website: https://www.garmin.com

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DCF Model — GRMN

Value from:

EPS (TTM)icompany profit per share over the last 12 months

EPS Growth %ihow fast profit per share grows each of the next 5 years — prefilled with what analysts expect

EPS growth after year 5 (forever)ithe slower pace once the fast 5 years are over — only drives years 6-10 of the price path below

Exit multiple (PE in 5 yrs)iwhat buyers pay per $1 of profit in 2031 — prefilled with today’s forward PE

Desired return %/yrithe yearly return you want from buying today — the S&P has done ~14%/yr, ask for more from a single stock

FCF growth %/yr (next 5 yrs)ihow fast free cash flow grows while the company is still expanding fast

Years of fast FCF growthihow many years the fast growth lasts before the business settles down

FCF growth after year 5 (forever)ithe slow, steady pace once the company is mature — usually 2-3%, near inflation. Must stay below your target return

Risk-free rate %iwhat a 10-yr US treasury pays with zero risk — the floor any risky stock must beat

Your target return %/yrithe yearly return you want for taking this risk — rule of thumb: risk-free rate + extra for risk

FCF base ($M, TTM)ilast 12 months of free cash flow, added up from reported quarters

Include dividends in returnidividends hand you part of the return in cash, so the share price needs to climb less

Pay up to today

—

vs current price $290.93

—

Cash flow & implied price by year

FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.

EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.

Free cash flow today

—

grows for the next years

Then mature

—

every future dollar counted back to today

Pile of today-dollars

—

÷ shares

Implied price path

Year	FCF	Implied price

Sensitivity — fair value: growth ↓ × target return →