Added to YB: 2026-02-12
Pitch date: 2026-02-10
GRMN [bullish]
Garmin Ltd.
+15.06%
current return
Author Info
Company Info
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide.
Market Cap
$41.3B
Pitch Price
$208.41
Price Target
N/A
Dividend
1.68%
EV/EBITDA
18.54
P/E
26.49
EV/Sales
5.41
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)