Should You Think About Buying Garmin Ltd. (NYSE:GRMN) Now?
Should You Think About Buying Garmin Ltd. (NYSE:GRMN) Now?
Today we're going to take a look at the well-established Garmin Ltd. (NYSE:GRMN). The company's stock saw a significant share price rise of 22% in the past couple of months on the NYSE. The company's trading levels have reached its high for the past year, following the recent bounce in the share price. With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock's share price. However, could the stock still be trading at a relatively cheap price? Let's examine Garmin's valuation and outlook in more detail to determine if there's still a bargain opportunity.
我們今天將重點關注納斯達克上市公司佳明有限公司（NYSE：GRMN）。該公司的股票在過去幾個月中在納斯達克上漲了22%。該公司的交易水平已經達到了過去一年的最高點，這是由於股價最近反彈所導致的。由於許多分析師提供對這家大型上市公司的覆蓋，我們預計任何價格敏感的公告已經被計入了該股的股價。然而，該股票仍然可能以相對較便宜的價格交易嗎？讓我們更加詳細地研究佳明的估值和前景，以確定是否還存在便宜的投資機會。
What Is Garmin Worth?
佳明的實際價值是多少？
According to our price multiple model, where we compare the company's price-to-earnings ratio to the industry average, the stock currently looks expensive. We've used the price-to-earnings ratio in this instance because there's not enough visibility to forecast its cash flows. The stock's ratio of 23.97x is currently well-above the industry average of 11.45x, meaning that it is trading at a more expensive price relative to its peers. In addition to this, it seems like Garmin's share price is quite stable, which could mean two things: firstly, it may take the share price a while to fall back down to an attractive buying range, and secondly, there may be less chances to buy low in the future once it reaches that value. This is because the stock is less volatile than the wider market given its low beta.
根據我們的價格倍數模型，其中比較公司的市盈率與行業平均水平，該股票目前看起來比較昂貴。在這種情況下，我們使用市盈率，因爲沒有足夠的可見性來預測其現金流。股票的市盈率爲23.97倍，目前遠高於行業平均水平的11.45倍，這意味着相對於同行業而言，它在更昂貴的價格水平上交易。除此之外，佳明的股價似乎非常穩定，這可能意味着兩件事情：首先，股價可能需要一段時間才能回落到吸引人的買入區間，其次，一旦到達那個價值，未來買入的機會會更少，因爲由於其低beta值，股票比更廣泛的市場少波動。
Can we expect growth from Garmin?
我們能否期待佳明的增長？
Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Buying a great company with a robust outlook at a cheap price is always a good investment, so let's also take a look at the company's future expectations. However, with a relatively muted profit growth of 0.8% expected over the next couple of years, growth doesn't seem like a key driver for a buy decision for Garmin, at least in the short term.
未來前景是觀察購買股票時的一個重要方面，特別是如果您是尋求投資組合增長的投資者。以低廉的價格購買一家展望良好的偉大公司股票，總是一個不錯的投資，所以讓我們也來看看該公司的未來展望。然而，由於未來幾年預計利潤增長相對較少，僅爲0.8％，在短期內增長似乎不是購買佳明股票的主要推動因素。
What This Means For You
這對您意味着什麼？
Are you a shareholder? GRMN's future growth appears to have been factored into the current share price, with shares trading above industry price multiples. However, this brings up another question – is now the right time to sell? If you believe GRMN should trade below its current price, selling high and buying it back up again when its price falls towards the industry PE ratio can be profitable. But before you make this decision, take a look at whether its fundamentals have changed.
您是股東嗎？佳明的未來增長似乎已經計入了當前股價，股票交易價格高於行業價值倍數。然而，這又帶出了另一個問題 - 現在是賣出股票的正確時間嗎？如果您認爲佳明的股票應該交易低於其當前價格，那麼在其價格下降至行業市盈率時高價賣出並再次買入，則是有盈利的。但在做出這個決定之前，請查看其基本面是否發生了變化。
Are you a potential investor? If you've been keeping an eye on GRMN for a while, now may not be the best time to enter into the stock. The price has surpassed its industry peers, which means it is likely that there is no more upside from mispricing. However, the positive growth outlook may mean it's worth diving deeper into other factors in order to take advantage of the next price drop.
你是一位潛在的投資者嗎？如果您一直關注佳明，現在可能不是進入該股票的最佳時機。價格已經超過了同行業水平，這意味着不太可能出現錯價，但是積極的增長前景可能意味着值得深入研究其他因素，以便在下一個價格下跌時利用該股票。
It can be quite valuable to consider what analysts expect for Garmin from their most recent forecasts. So feel free to check out our free graph representing analyst forecasts.
考慮到分析師對佳明最近的預測，這可以是相當有價值的。因此，可以隨時查看我們表示分析師預測的免費圖表。
If you are no longer interested in Garmin, you can use our free platform to see our list of over 50 other stocks with a high growth potential.
如果您對佳明不再感興趣，則可以使用我們的免費平台查看我們列出的具有高增長潛力的其他50種股票清單。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋？對內容有任何疑慮？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。