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Garmin Ltd
NYSE:GRMN

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Garmin Ltd
NYSE:GRMN
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Price: 210.33 USD 0.58% Market Closed
Market Cap: 40.4B USD
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Garmin Ltd
Tax Provision

Last Value
3-Years 3-Y CAGR
5-Years 5-Y CAGR
10-Years 10-Y CAGR
Quarterly
Annual
TTM
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Garmin Ltd
Tax Provision Peer Comparison

Competitors Analysis
Latest Figures & CAGR of Competitors

Company Tax Provision CAGR 3Y CAGR 5Y CAGR 10Y
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Garmin Ltd
NYSE:GRMN
Tax Provision
-$44.5m
CAGR 3-Years
35%
CAGR 5-Years
22%
CAGR 10-Years
20%
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Garmin Ltd
Glance View

Market Cap
40.4B USD
Industry
Consumer products

Garmin Ltd. is a leading global provider of navigation, communication, and wearable technology solutions, with a rich history dating back to its founding in 1989. The company began its journey by focusing on GPS technology for aviation, and over the years, it has successfully diversified its product offerings. Today, Garmin operates in several key markets, including automotive, aviation, marine, outdoor, and fitness. This strategic diversification has not only solidified Garmin’s position as a household name in GPS technology but has also allowed it to thrive in the booming wearables market, appealing to health-conscious consumers with its innovative smartwatches and fitness trackers. As the world increasingly leans towards technology-driven solutions for safety, recreation, and health management, Garmin finds itself well-positioned to retain and expand its market share. Investors will appreciate Garmin's robust financial health and consistent revenue streams stemming from its diversified product lines. With a strong emphasis on research and development, Garmin continually innovates, ensuring its offerings remain competitive and relevant in the fast-paced tech landscape. The company's commitment to quality and customer satisfaction fosters brand loyalty, while its impressive track record of cash flow generation supports sustainable dividends—a significant draw for income-focused investors. By focusing on long-term value creation rather than short-term gains, Garmin aligns itself with investment philosophies akin to those of Warren Buffett and Charlie Munger, which favor companies with durable competitive advantages and clear pathways to growth. With global expansion and the rising demand for IoT and smart devices, Garmin's future remains bright, making it an intriguing consideration for potential investors seeking a blend of stability and growth.

GRMN Intrinsic Value
114.55 USD
Overvaluation 46%
Intrinsic Value
Price
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See Also

What is Garmin Ltd's Tax Provision?
Tax Provision
-44.5m USD

Based on the financial report for Sep 28, 2024, Garmin Ltd's Tax Provision amounts to -44.5m USD.

What is Garmin Ltd's Tax Provision growth rate?
Tax Provision CAGR 10Y
20%

Over the last year, the Tax Provision growth was 58%. The average annual Tax Provision growth rates for Garmin Ltd have been 35% over the past three years , 22% over the past five years , and 20% over the past ten years .

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