Added to YB: 2026-02-12
Pitch date: 2026-02-10
GRMN [bullish]
Garmin Ltd.
+41.77%
current return
Author Info
Company Info
Garmin Ltd. designs, develops, manufactures, markets, and distributes a diverse range of GPS-enabled products and navigation, communications, sensor-based, and information products and services worldwide.
Market Cap
$48.0B
Pitch Price
$206.74
Price Target
N/A
Dividend
1.69%
EV/EBITDA
19.64
P/E
27.75
EV/Sales
5.88
Sector
Household Durables
Category
growth
Garmin & Strava: Betting on CycleTech
GRMN: Fitness segment growing 30% annually, dominates cycling computers (33%+ market share) & premium smartwatches (6-10M units/yr). Hardware leader adding software via Garmin Connect for retention. Trading 26x P/E, 5x sales on 12% topline growth. Mature $40B cap limits upside. Strava IPO coming (50M MAU, 2x Garmin Connect users) offers higher growth potential in booming cycling micro-economy driven by affluent enthusiasts.
Read full article (8 min)