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Not financial advice. Analytical data for research only.
Intrinsiqq is a Netherlands-based company operating in Rotterdam, KvK 73238007.
Company Overview For more than 35 years, Garmin Ltd. and its subsidiaries (collectively, we, our, us, the Company or Garmin) have pioneered new products, many of which feature location technology such as Global Positioning System (GPS), services and applications that are designed for people who live an active lifestyle. Garmin serves five primary markets: fitness, outdoor, aviation, marine, and…
$275.17
$8.94 (-3.15%)
EOD Sep 1, 2026
Margins and capital returns are both well above average: 25.89% operating margin, ROIC at 17.76%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 15.1%, still solid.
At 31x earnings, the current multiple leaves limited room for execution misses or growth deceleration.
30.7x earnings, 36.7x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$7.46B
▲ +15.1% YoY
Net Income (TTM)
$1.74B
▲ +17.9% YoY
Op. Margin
26.46%
▲ +0.6pp YoY
ROIC
18.17%
▲ +0.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1.45B
▲ +10.0% YoY
Op. Cash Flow (TTM)
$1.75B
▲ +14.0% YoY
Net Debt
-$2.53B
Net Cash Position
Cash & Equiv.
$2.70B
5Y CAGR: +11.6%
5Y CAGR: +7.5%
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SourceComputed from the 10-Q filed 29 Apr 2026, covering the period ending 28 Mar 2026, as reported to the SEC. Data last refreshed 3 Aug 2026. How this is calculated.
Price from market data, last close as of 1 Sept 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
At a P/E of 30.7 and a price-to-free-cash-flow of 36.7, Garmin (GRMN) trades around a two-stage DCF intrinsic value of about $304.50 per share, so at $275.17 the stock looks around fair value (10.7% below estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Garmin scores 79/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 1.3%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology. This is analysis, not investment advice.
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $304.50 per share for GRMN, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $228.37. At today's $275.17, that puts the stock about 10.7% below estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Garmin scores 79 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 26.5% operating margin and a 18.2% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Yes, Garmin pays a regular dividend of about $3.58 per share per year (typically in quarterly installments), a yield of roughly 1.3% at the current price. That is a payout ratio of about 39.9% of earnings, so the dividend is amply covered by earnings. Garmin has grown the dividend at roughly 7.8% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For GRMN's full payout history, growth streak and dividend-safety score, see the dividends tab.
That depends on valuation and quality together, not either alone. GRMN currently trades around its estimated intrinsic value and scores 79/100 on quality (solid). It also yields about 1.3%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.