GARMIN LTD (GRMN)

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following segments: Marine, Outdoor, Fitness, Auto OEM, Consumer Auto, and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile, and Connect IQ. The Fitness segment refers to the products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Meters, Safety & Awareness, and Activity Tracking Devices. The Auto OEM and Consumer Auto segments offer products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions, and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was founded in 1989 and is headquartered in Schaffhausen, Switzerland.

Address

MUHLENTALSTRASSE 2
SCHAFFHAUSEN, V8 CH-8200

Founded

1989

Number of Employees

19,900

Buyback

Buyback Data 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
$ Amount Purchased
($ in 000s )
- $136,011 $79,250 $74,521 - - - - $207 $94 - $58,016
Average Price - $41.42 $44.15 $50.55 - - - - $91.42 $101.89 - $44.24
# Shares Purchased - 3,283,908 1,795,209 1,474,092 - - - - 2,259 918 - 1,311,277
Buyback Performance 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Average
Total Return to Date - 315.3% 289.6% 240.2% - - - - 88.1% 68.8% - 288.8%
S&P 500 Return to Date - 173.0% 168.6% 129.7% - - - - 37.3% 31.3% - 108.0%
Excess Total Return - 142.3% 121.0% 110.5% - - - - 50.9% 37.5% - 180.8%
Quartile Rank
Percentile Rank - 86% 84% 87% - - - - 90% 91% - 96%
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.

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