GARMIN LTD's gross profit margin for the fourth quarter of its fiscal year 2014 is essentially unchanged when compared to the same period a year ago. The company managed to grow both sales and net income at a faster pace than the average competitor in its industry this quarter as compared to the same quarter a year ago. GARMIN LTD has strong liquidity. Currently, the Quick Ratio is 1.87 which shows the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.
During the same period, stockholders' equity ("net worth") has decreased by 7.00% from the same quarter last year. The key liquidity measurements indicate that the company is unlikely to face financial difficulties in the near future.
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|Income Statement||Q4 FY14||Q4 FY13|
|Net Sales ($mil)||803.31||759.7|
|Net Income ($mil)||210.25||163.59|
|Balance Sheet||Q4 FY14||Q4 FY13|
|Cash & Equiv. ($mil)||1364.26||1329.01|
|Total Assets ($mil)||4693.3||4879.6|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q4 FY14||Q4 FY13|
|Gross Profit Margin||55.2||53.48|
|Return on Assets||7.76||12.55|
|Return on Equity||10.7||16.73|
|Debt||Q4 FY14||Q4 FY13|
|Share Data||Q4 FY14||Q4 FY13|
|Shares outstanding (mil)||191.82||195.15|
|Div / share||0.48||0.45|
|Book value / share||17.74||18.75|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1610577.0||1660055.0|
BUY. The current P/E ratio indicates a discount compared to an average of 25.46 for the Household Durables industry and a premium compared to the S&P 500 average of 19.41. To use another comparison, its price-to-book ratio of 2.68 indicates valuation on par with the S&P 500 average of 2.74 and a discount versus the industry average of 3.34. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. Upon assessment of these and other key valuation criteria, GARMIN LTD proves to trade at a discount to investment alternatives within the industry.
|GRMN 25.39||Peers 25.46||GRMN 17.42||Peers 14.89|
Average. An average P/E ratio can signify an industry neutral price for a stock and an average growth expectation.
GRMN is trading at a valuation on par with its peers.
Premium. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.
GRMN is trading at a premium to its peers.
|GRMN 14.57||Peers 17.27||GRMN 0.39||Peers 0.91|
Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.
GRMN is trading at a discount to its peers.
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.
GRMN trades at a significant discount to its peers.
|GRMN 2.68||Peers 3.34||GRMN -40.07||Peers -43.22|
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
GRMN is trading at a discount to its peers.
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
However, GRMN is expected to significantly trail its peers on the basis of its earnings growth rate.
|GRMN 3.17||Peers 1.26||GRMN 9.07||Peers 15.69|
Premium. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.
GRMN is trading at a significant premium to its industry.
Lower. A sales growth rate that trails the industry implies that a company is losing market share.
GRMN significantly trails its peers on the basis of sales growth
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