Garmin LtdFind Ratings Reports
GARMIN LTD's gross profit margin for the fourth quarter of its fiscal year 2016 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 is extremely liquid. Currently, the Quick Ratio is 2.10 which clearly shows the ability to cover any short-term cash needs. The company managed to increase its liquidity from the same period a year ago, despite already having strong liquidity to begin with. This would indicate improved cash flow.
At the same time, stockholders' equity ("net worth") has remained virtually unchanged only increasing by 2.17% 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||Q4 FY16||Q4 FY15|
|Net Sales ($mil)||860.77||781.36|
|Net Income ($mil)||136.61||132.38|
|Balance Sheet||Q4 FY16||Q4 FY15|
|Cash & Equiv. ($mil)||1113.84||1048.23|
|Total Assets ($mil)||4525.13||4499.39|
|Total Debt ($mil)||0.0||0.0|
|Profitability||Q4 FY16||Q4 FY15|
|Gross Profit Margin||56.49||54.59|
|Return on Assets||11.28||10.13|
|Return on Equity||14.94||13.63|
|Debt||Q4 FY16||Q4 FY15|
|Share Data||Q4 FY16||Q4 FY15|
|Shares outstanding (mil)||188.57||189.72|
|Div / share||0.51||0.51|
|Book value / share||18.13||17.63|
|Institutional Own %||n/a||n/a|
|Avg Daily Volume||1395085.0||1256296.0|
BUY. This stock's P/E ratio indicates a discount compared to an average of 20.85 for the Household Durables industry and a discount compared to the S&P 500 average of 26.52. For additional comparison, its price-to-book ratio of 2.99 indicates valuation on par with the S&P 500 average of 2.96 and a premium versus the industry average of 2.49. The price-to-sales ratio is well above both the S&P 500 average and the industry average, indicating a premium.
|GRMN 20.13||Peers 20.85||GRMN 14.47||Peers 16.22|
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 19.84||Peers 27.62||GRMN NM||Peers 1.24|
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 significant discount to its peers.
Neutral. 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's negative PEG ratio makes this valuation measure meaningless.
|GRMN 2.99||Peers 2.49||GRMN 12.08||Peers 11.51|
Premium. A higher price-to-book ratio makes a stock less attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.
GRMN is trading at a premium to its peers.
Average. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.
GRMN is expected to keep pace with its peers on the basis of earnings growth.
|GRMN 3.38||Peers 1.20||GRMN 7.03||Peers 23.00|
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