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A look at a High Market Cap Stock: Garmin Ltd., GRMN

Garmin Ltd., GRMN is in the exchange NASDAQ and its industry is Scientific & Technical Instruments in the sector of Technology. Based in Switzerland, Garmin Ltd., GRMN  has a market cap of 10121.66. Since its IPO date on the 12/8/2000, Garmin Ltd., GRMN performance year to date is 46.65%. Today Garmin Ltd., GRMN has gained 1.17%, with a current price of 53.78.

Ownership of the company is 0.40% for insider ownership while institutional ownership is 39.20%. The management of the company have seen the company have a payout ratio of 77.20%. Return of assets are at 11.20%, with return on investment at 13.10%.

In terms of debt levels and profit levels, Garmin Ltd., GRMN is seeing a long-term debt/equity of 0. While Total debt/equity is 0. With a profit margin of 17.30%, this is combined with a gross margin of 54.50%, and operating margin of 19.90%. Garmin Ltd. ability to meet debt levels, with a current ratio of 2.2, while the quick ratio is 1.7.

For the last year Garmin Ltd., GRMN has seen a EPS growth of 27.30%. A performance for the year of 46.51%. The 52-week high is -4.29%, and the 52-week low is 78.52%. The average volume for Garmin Ltd., GRMN is 573795.

With a target price of 48.83, can Garmin Ltd., GRMN reach this target? Looking at the value indicators of Garmin Ltd., GRMN. Garmin Ltd. has a P/E of 20.15 and a forward P/E of 20.78. Perhaps the more useful indicator than P/E, is PEG which has a value of 3.01. Garmin Ltd. also has a P/S and a P/B of 3.49 and 3.12 respectively. For P/cash, Garmin Ltd. has a value of 9.6, while it is 88.86 for P/free cash flow.

At the current price of 53.78, Garmin Ltd. has a dividend yield of 3.84%. We see a return on equity of 15.10%.

Looking more long-term Garmin Ltd., is projected to get an EPS growth for the next five years of 6.70%. In the short-term an EPS growth of 1.31% in the next year is forecasted. This is after a EPS growth of 27.30% for this year and for the last five years a -4.20% growth has been seen.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Mark Hines

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