Company Garmin Ltd.

Equities

GRMN

CH0114405324

Communications & Networking

Market Closed - Nyse 04:00:02 2024-04-18 pm EDT 5-day change 1st Jan Change
140.7 USD -0.25% Intraday chart for Garmin Ltd. -3.67% +9.48%

Business Summary

Garmin Ltd. is one of the world's leaders in designing, producing, and marketing satellite geopositioning systems (GPS). The activity is organized around two families of products:

- marine and land geopositioning systems: tracers and sensors, pocket assistants, automobile guidance systems, sporting equipment (equipped with detectors for speed, distance traveled, heart rate, etc.);

- aerial geopositioning equipment: high-frequency communication transmitters, aerial display products, digital transponders (for transmitting altitude and flight number, broadcast by towers and control radar systems), beacon receivers, audio panels, etc.

Net sales break down by area of activity between outdoor activities (30.8%), sports and fitness (22.8%), marine (18.6%), aviation (16.3%), and automotive (11.5%).

At the end of 2022, the group had 9 production sites located in the United States (3), Taiwan (3), China, the Netherlands, and Poland.

Net sales are distributed geographically as follows: Americas (50%), Europe/Middle East/Africa (33.6%) and Asia/Pacific (16.4%).

Number of employees: 19,900

Sales per Business

USD in Million2022Weight2023Weight Delta
Outdoor
32.5 %
1,495 30.8 % 1,697 32.5 % +13.51%
Fitness
25.7 %
1,109 22.8 % 1,345 25.7 % +21.20%
Marine
17.5 %
904 18.6 % 917 17.5 % +1.43%
Aviation
16.2 %
793 16.3 % 846 16.2 % +6.75%
Auto Original Equipment Manufacturer
8.1 %
284 5.8 % 423 8.1 % +49.12%

Sales per region

USD in Million2022Weight2023Weight Delta
Americas
50.0 %
2,429 50.0 % 2,614 50.0 % +7.63%
EMEA
34.0 %
1,634 33.6 % 1,776 34.0 % +8.71%
APAC
16.0 %
798 16.4 % 838 16.0 % +5.05%

Managers

Managers TitleAgeSince
Chief Executive Officer 58 04-07-31
Director of Finance/CFO 61 14-06-30
Chairman 75 00-07-31
Chief Operating Officer - 10-12-31
Investor Relations Contact - -
Corporate Officer/Principal - -
Corporate Officer/Principal - 10-12-31
Corporate Officer/Principal - -
Human Resources Officer - -
General Counsel 68 00-07-31

Members of the board

Members of the board TitleAgeSince
Director/Board Member 60 18-05-31
Chief Executive Officer 58 04-07-31
Chairman 75 00-07-31
Director/Board Member 76 04-07-31
Director/Board Member 68 13-06-06
Director/Board Member 71 19-06-06

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 195,880,417 153,775,809 ( 78.50 %) 4,103,000 ( 2.095 %) 78.50 %

Shareholders

NameEquities%Valuation
18,446,160 9.619 % 2 746 M $
18,420,792 9.605 % 2 742 M $
Vanguard Fiduciary Trust Co.
9.278 %
17,793,841 9.278 % 2 649 M $
BlackRock Advisors LLC
6.301 %
12,084,062 6.301 % 1 799 M $
Artisan Partners Holdings LP
3.812 %
7,310,112 3.812 % 1 088 M $
6,585,066 3.434 % 980 M $
Geode Capital Management LLC
2.100 %
4,028,167 2.100 % 600 M $
BlackRock Life Ltd.
1.531 %
2,936,667 1.531 % 437 M $
JPMorgan Investment Management, Inc.
1.215 %
2,331,031 1.215 % 347 M $
First Trust Advisors LP
1.172 %
2,247,375 1.172 % 335 M $

Company contact information

Garmin Ltd.

Mühlentalstrasse 2

8200, Schaffhausen

+41 52 630 1600

http://www.garmin.com
address Garmin Ltd.(GRMN)

Group companies

NameCategory and Sector
Garmin Austria GmbH

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
B-
More Ratings
Sell
Consensus
Buy
Mean consensus
HOLD
Number of Analysts
11
Last Close Price
141.1 USD
Average target price
144.3 USD
Spread / Average Target
+2.27%
Consensus