The US Space Stock

Garmin Ltd Reputation&Rating Reviews

Contents

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: the same as the published date

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.

 
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The detailed data of “Garmin Ltd.”


 
Established date: October 1989
Location:
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/

 
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The map of “Garmin Ltd.”

 
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The stock weekly chart of “Garmin Ltd.”



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The stock weekly trading radar of “Garmin Ltd.”


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The annual filings of “Garmin Ltd.”

* Date: Feb 17, 2021

* Date: Feb 19, 2020

* Date: Feb 20, 2019

* In thousands, except per share information



Cutoff dateDecember 26, 2020December 28, 2019December 29, 2018December 30, 2017
Operating income1,054,240945,586778,343683,637
Net income attributable992,324952,486694,080709,007
Total current assets3,669,3513,057,8502,665,3682,346,138
Total current liabilities1,164,2171,035,933921,313792,115
Current ratio
(1.2 or more is the best)
3.152.952.892.96
Common stock and additional paid-in capital1,898,3331,853,6011,841,6171,846,365
Treasury stock(320,016)(345,040)(397,692)(468,818)
Retained earning, Accumulated deficit3,754,3723,229,0612,710,6192,418,444
Total stockholders' equity5,516,1164,793,4964,162,9743,852,419
Total equity and liabilities7,031,3736,166,7995,382,8584,948,289
Equity ratio
(20% or more is better)
(50% or more is the best)
78.45%77.73%77.33%77.85%
Cash flows from operating activities1,135,267698,549919,520660,842
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 flow874,743247,803612,017466,459

 
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The stock price of “Garmin Ltd.”

* Comment

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.



* Comment

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.



* Comment

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.



Term year2021202020192018
Entity min stock price in monthly chartN/Aapprox 72.1 (Apr)approx 62.0 (Jan)approx 58.28 (May)
Entity max stock price in monthly chartN/Aapprox 119.7 (Dec)approx 98.1 (Dec)approx 70.30 (Oct)
Stock price increase ratio
(50% or more is the best)
N/A66.0%58.2%20.6%

 
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