Ratings Garmin Ltd. Deutsche Boerse AG

Equities

GEY

CH0114405324

Market Closed - Deutsche Boerse AG Other stock markets 03:05:00 2019-06-28 EDT			5-day change	1st Jan Change
70 ^EUR	-0.71%		-.--%	-.--%

07-02	Garmin Chosen as Independent Boat Builders' Marine Electronics, Audio Supplier	MT
06-26	Garmin Unveils the Approach Z30 Smart Laser Range Finder with Unparalleled Integration to the Garmin Golf Lineup	CI

Summary

The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
Overall, and from a short-term perspective, the company presents an interesting fundamental situation.

Strengths

The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Sales forecast by analysts have been recently revised upwards.
Over the past four months, analysts' average price target has been revised upwards significantly.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
Historically, the company has been releasing figures that are above expectations.

Weaknesses

The company's earnings growth outlook lacks momentum and is a weakness.
With an expected P/E ratio at 28.73 and 25.94 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
Based on current prices, the company has particularly high valuation levels.
The company appears highly valued given the size of its balance sheet.
The valuation of the company is particularly high given the cash flows generated by its activity.
The average consensus view of analysts covering the stock has deteriorated over the past four months.
Over the past twelve months, analysts' consensus has been significantly revised downwards.

Ratings chart - Surperformance

Sector: Communications & Networking

	1st Jan change	Capi.	ESG Refinitiv
GARMIN LTD.	-.--%	30.94B	-
CISCO SYSTEMS, INC.	-6.41%	191B	A-
ARISTA NETWORKS, INC.	+51.59%	112B	B
FOXCONN INDUSTRIAL INTERNET CO., LTD.	+80.95%	76.52B	B
MOTOROLA SOLUTIONS, INC.	+23.53%	64.44B	A-
ZHONGJI INNOLIGHT CO., LTD.	+80.55%	21.89B	C+
NOKIA OYJ	+18.48%	21.68B	D-
ERICSSON	+4.90%	21.03B	B-
ZTE CORPORATION	+4.72%	17.26B	A-
JUNIPER NETWORKS, INC.	+24.05%	11.94B	A-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes