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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 10322.77. Since its IPO date on the 12/8/2000, Garmin Ltd., GRMN performance year to date is 53.00%. Today Garmin Ltd., GRMN has gained -1.32%, with a current price of 54.73.

Ownership of the company is 0.30% for insider ownership while institutional ownership is 40.10%. 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 42.60%. The 52-week high is -2.60%, and the 52-week low is 81.68%. The average volume for Garmin Ltd., GRMN is 753990.

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 21.02 and a forward P/E of 21.89. Perhaps the more useful indicator than P/E, is PEG which has a value of 2.86. Garmin Ltd. also has a P/S and a P/B of 3.56 and 3.25 respectively. For P/cash, Garmin Ltd. has a value of 9.8, while it is 90.63 for P/free cash flow.

At the current price of 54.73, Garmin Ltd. has a dividend yield of 3.68%. 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 7.35%. In the short-term an EPS growth of 1.65% 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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Stephen Butters

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