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Here's How Much a $1000 Investment in Garmin Made 10 Years Ago Would Be Worth Today
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Garmin (GRMN - Free Report) ten years ago? It may not have been easy to hold on to GRMN for all that time, but if you did, how much would your investment be worth today?
Garmin's Business In-Depth
With that in mind, let's take a look at Garmin's main business drivers.
Olathe, Kansas-based, Garmin, Ltd. is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.
The company’s diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system.
Garmin reported revenues of $5.23 billion in 2023. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation, which generated 32.5%, 25.8%, 17.4%, 8.1% and 16.2% of revenues, respectively.
Outdoor products currently include handhelds, wearables, golfing devices, dog tracking/training devices and action cameras. The Fitness segment offers running and cycling products of various kinds and includes platforms for connecting and sharing data with others. Marine products include chartplotters, fishfinders, sounders, autopilot systems, radars, instruments, radios, handhelds and wrist-worn devices, sailing and entertainment products. Auto offers personal navigation devices (PNDs), infotainment solutions and mobile applications. Aviation offers integrated avionics or flight decks; panel mounted navigation, traffic, audio, transponder, weather and other products; portable and wearable solutions; and mobile apps.
Products are manufactured at its Xizhi, Jhongli and LinKou facilities in Taiwan, its Yangzhou facility in China and its Olathe, Kansas and Salem, Oregon facilities in the U.S. They are sold through a big network of independent dealers across 100 countries globally.
Garmin products are distributed through a hybrid sales channel system that utilizes a network of distributors and retailers. They are also sold directly to OEMs that integrate the GPS capability into their end product.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Garmin a decade ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in November 2014 would be worth $3,572.10, or a 257.21% gain, as of November 4, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 183.88% and the price of gold increased 124.98% over the same time frame in comparison.
Analysts are anticipating more upside for GRMN.
Garmin is benefiting from strong momentum across the Fitness and Auto OEM segments. While strength in the Fitness segment is primarily attributed to advanced wearables demand, Auto OEM revenues are driven by increased shipments of domain controllers to BMW. Strong momentum across the Aviation and Marine segments is a positive. Improving demand scenario in the Outdoor segment is also a negative. Increasing demand in the Americas and EMEA regions is a plus. Garmin’s growing focus on continued innovation, diversification and market expansion to explore opportunities across all business segments is another positive. The stock has outperformed its industry year to date. However, weakness in the aftermarket product categories remains concerning for the Aviation segment. Rising macroeconomic uncertainties and inflationary pressure are concerns.
The stock is up 16.56% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 2 higher, for fiscal 2024. The consensus estimate has moved up as well.
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Here's How Much a $1000 Investment in Garmin Made 10 Years Ago Would Be Worth Today
For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Garmin (GRMN - Free Report) ten years ago? It may not have been easy to hold on to GRMN for all that time, but if you did, how much would your investment be worth today?
Garmin's Business In-Depth
With that in mind, let's take a look at Garmin's main business drivers.
Olathe, Kansas-based, Garmin, Ltd. is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.
The company’s diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system.
Garmin reported revenues of $5.23 billion in 2023. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation, which generated 32.5%, 25.8%, 17.4%, 8.1% and 16.2% of revenues, respectively.
Outdoor products currently include handhelds, wearables, golfing devices, dog tracking/training devices and action cameras. The Fitness segment offers running and cycling products of various kinds and includes platforms for connecting and sharing data with others. Marine products include chartplotters, fishfinders, sounders, autopilot systems, radars, instruments, radios, handhelds and wrist-worn devices, sailing and entertainment products. Auto offers personal navigation devices (PNDs), infotainment solutions and mobile applications. Aviation offers integrated avionics or flight decks; panel mounted navigation, traffic, audio, transponder, weather and other products; portable and wearable solutions; and mobile apps.
Products are manufactured at its Xizhi, Jhongli and LinKou facilities in Taiwan, its Yangzhou facility in China and its Olathe, Kansas and Salem, Oregon facilities in the U.S. They are sold through a big network of independent dealers across 100 countries globally.
Garmin products are distributed through a hybrid sales channel system that utilizes a network of distributors and retailers. They are also sold directly to OEMs that integrate the GPS capability into their end product.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Garmin a decade ago, you're probably feeling pretty good about your investment today.
According to our calculations, a $1000 investment made in November 2014 would be worth $3,572.10, or a 257.21% gain, as of November 4, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.
The S&P 500 rose 183.88% and the price of gold increased 124.98% over the same time frame in comparison.
Analysts are anticipating more upside for GRMN.
Garmin is benefiting from strong momentum across the Fitness and Auto OEM segments. While strength in the Fitness segment is primarily attributed to advanced wearables demand, Auto OEM revenues are driven by increased shipments of domain controllers to BMW. Strong momentum across the Aviation and Marine segments is a positive. Improving demand scenario in the Outdoor segment is also a negative. Increasing demand in the Americas and EMEA regions is a plus. Garmin’s growing focus on continued innovation, diversification and market expansion to explore opportunities across all business segments is another positive. The stock has outperformed its industry year to date. However, weakness in the aftermarket product categories remains concerning for the Aviation segment. Rising macroeconomic uncertainties and inflationary pressure are concerns.
The stock is up 16.56% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 2 higher, for fiscal 2024. The consensus estimate has moved up as well.