GARMIN LTD's gross profit margin for the first quarter of its fiscal year 2015 is essentially unchanged when compared to the same period a year ago. Even though sales increased, the net income has decreased, representing a decrease to the bottom line. GARMIN LTD is extremely liquid. Currently, the Quick Ratio is 2.27 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has decreased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 7.32% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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|Income Statement||Q1 FY15||Q1 FY14|
|Net Sales ($mil)||585.39||583.22|
|Net Income ($mil)||66.79||118.82|
|Balance Sheet||Q1 FY15||Q1 FY14|
|Cash & Equiv. ($mil)||1441.6||1300.35|
|Total Assets ($mil)||4543.28||4738.91|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q1 FY15||Q1 FY14|
|Gross Profit Margin||60.88||58.73|
|Return on Assets||6.87||13.55|
|Return on Equity||8.97||17.12|
|Debt||Q1 FY15||Q1 FY14|
|Share Data||Q1 FY15||Q1 FY14|
|Shares outstanding (mil)||191.52||194.77|
|Div / share||0.48||0.45|
|Book value / share||18.16||19.27|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1277720.0||1641435.0|
HOLD. GARMIN LTD's P/E ratio indicates a premium compared to an average of 26.12 for the Household Durables industry and a premium compared to the S&P 500 average of 20.31. For additional comparison, its price-to-book ratio of 2.42 indicates a discount versus the S&P 500 average of 2.80 and a discount versus the industry average of 3.65. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium. The valuation analysis reveals that, GARMIN LTD seems to be trading at a premium to investment alternatives within the industry.
|GRMN 27.34||Peers 26.12||GRMN 15.80||Peers 18.49|
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.
Discount. 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 discount to its peers.
|GRMN 14.17||Peers 17.85||GRMN 0.43||Peers 1.00|
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 2.42||Peers 3.65||GRMN -50.92||Peers 25.25|
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 significant 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 2.93||Peers 1.30||GRMN 7.07||Peers 11.14|
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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