Skip to main content

Garmin Ltd (GRMN)

Household Durables
Otros
cíclico

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. The company offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, enables third parties to create applications that run on Garmin devices. It also provides adventure watches; outdoor handhelds and satellite communicators; golf devices; consumer automotive; dog devices; InReach and Gramin response communication device; and Dive devices. In addition, the company designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and portable GPS navigators and wearables, as well as service products to the aviation market. Further, it offers chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products, digital switching products, trolling motors, and lighting products; and domain controllers and infotainment units, as well as software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

Precio Actual

$212.25
-0.57% vs día anterior

Capitalización

41B

Desviación

+12.13%

Y/Y Growth

8.9%

EBIT Margin

24.8%

ROIC

17%

PEG Ratio

3.31

ROE

17.6%

3Y EPS Growth

7.5%

Dividend Yield

1.41%

Net Debt / EBITDA

-1.4x
Esta empresa tiene una posición de caja neta (más efectivo que deuda).

Proyecciones CAGR

Proyecciones de tasa de crecimiento anual compuesta basadas en diferentes modelos de valoración. CAGR EV/FCF es la métrica principal.

CAGR EV/FCF
5.8%
CAGR EV/FCF (2026):
-10.8%
CAGR Prom.:
6.2%
CAGR P/E:
7.7%
CAGR EV/EBITDA: 5.8%
CAGR EV/EBIT: 5.7%
Precio de compra para +15%:
$131.75

Múltiplos de Valoración

Múltiplos de valoración utilizados para las estimaciones de CAGR y precios objetivo.

P/E
25x
(Fair: 24x)
EV/FCF
25x
EV/EBITDA
18x
EV/EBIT
20x

Gráfico de Evolución del Precio

Precios Objetivo FCF

Precios futuros estimados de la acción basados en proyecciones de flujo de caja libre.

Calculadora de Sensibilidad

Compara el CAGR de tu valoración con el que resultaría al aplicar diferentes múltiplos (LTM y Fair P/E).

Mercado LTM P/E
23x
Fair P/E
24x
CAGR EV/FCF
Tu Múltiplo: 25x
5.8%
4.0%
4.9%
CAGR P/E
Tu Múltiplo: 25x
7.7%
6.0%
6.9%
Tu CAGR
CAGR con LTM
CAGR con Fair P/E

Notas

Rendimiento Histórico vs. Índices

Rendimiento anual (YTD) de la acción comparado con índices y materias primas de referencia.

Media vs. Bitcoin
-275.83%
Media vs. Gold
+9.35%
Media vs. Bono USA 7-10y
+20.45%
Media vs. Bono USA 1-3y
+19.59%
Media vs. Bono USA 20+y
+21.59%
Media vs. Dow Jones
+8.30%
Media vs. S&P 500
+6.07%
Media vs. NASDAQ 100
+0.14%
Media vs. MSCI World
+8.44%
Media vs. Russell 2000
+11.57%
Media vs. STOXX Europe 600
+14.58%
Rendimiento anual de cada inversión. La línea discontinua marca el 0% (punto de equilibrio).
Año
Rendimiento GRMN
Rendimiento Bitcoin
Rendimiento vs. Bitcoin
Rendimiento Gold
Rendimiento vs. Gold
Rendimiento Bono USA 7-10y
Rendimiento vs. Bono USA 7-10y
Rendimiento Bono USA 1-3y
Rendimiento vs. Bono USA 1-3y
Rendimiento Bono USA 20+y
Rendimiento vs. Bono USA 20+y
Rendimiento Dow Jones
Rendimiento vs. Dow Jones
Rendimiento S&P 500
Rendimiento vs. S&P 500
Rendimiento NASDAQ 100
Rendimiento vs. NASDAQ 100
Rendimiento MSCI World
Rendimiento vs. MSCI World
Rendimiento Russell 2000
Rendimiento vs. Russell 2000
Rendimiento STOXX Europe 600
Rendimiento vs. STOXX Europe 600
2026
YTD en Vivo
4.85%3.95%+0.90%4.06%+0.78%0.23%+4.62%-0.04%+4.88%1.03%+3.81%2.32%+2.53%1.57%+3.27%1.88%+2.97%1.62%+3.23%4.62%+0.22%2.27%+2.58%
2025
-0.83%110.77%-111.60%26.96%-27.79%-3.73%+2.90%0.05%-0.88%-11.17%+10.34%12.80%-13.64%24.01%-24.84%30.78%-31.61%17.88%-18.71%10.80%-11.63%5.50%-6.34%
2024
62.97%153.66%-90.68%11.76%+51.22%-0.15%+63.12%0.98%+61.99%-2.54%+65.52%13.74%+49.23%24.73%+38.24%44.52%+18.45%21.92%+41.05%15.78%+47.19%11.67%+51.30%
2023
37.37%-65.23%+102.60%0.78%+36.59%-15.93%+53.30%-5.00%+42.37%-31.00%+68.38%-9.40%+46.77%-19.95%+57.33%-33.89%+71.27%-19.70%+57.07%-22.50%+59.87%-13.29%+50.66%
2022
-30.89%60.33%-91.23%-6.24%-24.66%-4.15%-26.74%-0.98%-29.91%-5.94%-24.96%20.23%-51.13%28.79%-59.69%23.20%-54.10%21.22%-52.12%15.39%-46.28%21.66%-52.56%
2021
14.62%301.93%-287.30%23.90%-9.28%8.33%+6.29%2.02%+12.60%15.12%-0.50%6.02%+8.60%15.29%-0.67%41.75%-27.13%12.94%+1.68%18.48%-3.86%-4.64%+19.26%
2020
21.68%88.85%-67.17%17.78%+3.90%5.55%+16.13%1.20%+20.48%10.91%+10.77%21.91%-0.23%28.34%-6.66%34.60%-12.92%25.23%-3.55%23.05%-1.37%23.42%-1.74%
2019
56.05%-71.79%+127.84%-3.12%+59.16%-0.97%+57.02%-0.24%+56.28%-3.17%+59.22%-6.03%+62.07%-7.01%+63.06%-5.30%+61.35%-11.16%+67.21%-13.00%+69.04%-13.42%+69.47%
2018
6.35%1,184.56%-1,178.21%11.93%-5.58%0.76%+5.59%-0.63%+6.98%6.03%+0.31%24.33%-17.98%18.42%-12.07%27.16%-20.81%19.45%-13.11%12.45%-6.10%7.16%-0.81%
2017
21.10%1,184.56%-1,163.46%11.93%+9.17%-1.15%+22.25%-0.02%+21.13%-1.91%+23.01%24.33%-3.23%18.42%+2.69%27.16%-6.05%19.45%+1.65%12.45%+8.65%7.16%+13.94%
Media19.33%295.16%-275.83%9.97%+9.35%-1.12%+20.45%-0.27%+19.59%-2.26%+21.59%11.03%+8.30%13.26%+6.07%19.18%+0.14%10.89%+8.44%7.75%+11.57%4.75%+14.58%

Historial de Valoración

Historial de cambios significativos en los factores de valoración y precios objetivo a lo largo del tiempo. Los valores resaltados indican un cambio respecto a la valoración anterior.

Fecha de Valoración
Y/Y Growth
EBIT Margin
Net Debt/EBITDA
P/E
EV/FCF
EV/EBITDA
EV/EBIT
Objetivo 2025
Objetivo 2026
Objetivo 2027
Objetivo 2028
Objetivo 2029
10/12/20258.9%24.8%-1.4x25x(26x)25x18x20x$189.29$215.77$228.03$245.82$264.99

Historial de Dividendos

Evolución de los dividendos por acción pagados durante los últimos 10 años.

Dividend Yield Actual
1.41%
Basado en 2026
Crecimiento Promedio
4.38%
CAGR últimos 10 años
Años Consecutivos
1
Años de crecimiento continuo
AñoDividendo por AcciónCrecimiento
2026
Actual
$3.00+2.74%
2025$2.92+0.00%
2024$2.92+8.96%
2023$2.68+9.84%
2022$2.44+7.02%
2021$2.28+7.55%
2020$2.12+3.92%
2019$2.04+0.00%
2018$2.04+0.00%
2017$2.04-
CAGR de Dividendos (2017 - 2026)
4.38%

Análisis de Outperformance

Rendimiento histórico vs índices principales y métricas de consistencia

Outperformance Promedio vs Índices

Rendimiento promedio comparado con los principales índices del mercado

Outperformance
Underperformance

Evolución del Rendimiento Año a Año

Rendimiento histórico con marcadores de mejores y peores años

🏆Best Year
2024
+62.97%
📉Worst Year
2022
-30.89%

Consistencia de Rendimiento

Porcentaje de años con rendimientos positivos

80%
8 of 10 years positive
Consistent Outperformer
Consistency ScoreExcellent
0%50%70%100%

GRMN has demonstrated exceptional consistency with positive returns in 80% of years, qualifying as a Consistent Outperformer.