Mulya.ai
Ticker
GRMN
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?projected
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?8.2%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.918
Beta (levered) ?0.918
Terminal OM% ?22.2%
Segment conc. ?33% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 3 · 11.2%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

GRMN · Garmin Ltd.

$232.512026-07-21
Sector: Technology; Industry: Hardware, Equipment & Parts; Sub-Industry: Consumer Electronics

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$213
-8.5% vs market
Base · active
$164
-29.6% vs market
Bear
$159
-31.8% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $159
Base $164
Bull $213
Market $233
Median $249
Market Price $233
Mulya.ai Base $164
Analysts Median $249
Mulya.ai IV range ($159 · $213)
Analysts Range ($238 · $325)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2024.Q1$5.2B24.8%0.0%$1.4B−$207MM$1.1B7.7%18.0%$7.5B$6.66
2024.Q4$5.2B0.0%24.8%16.7%$1.1B−$555MM$523MM8.6%14.0%$7.9B$6.66
2025.Q1$6.3B20.4%30.0%16.5%$1.6B−$632MM$947MM8.9%19.6%$8.2B$7.29
2025.Q4$6.3B0.0%30.0%17.4%$1.6B−$1.0B$531MM8.6%18.0%$9.1B$7.29
2026.Q1$7.5B18.5%31.4%17.2%$1.9B−$1.0B$907MM8.4%20.7%$9.6B$8.9719.2
italics below = DCF projection · 10yr Rev CAGR: 5.9%
2027.Q1$8.2B+10.0%31.1%17.5%$2.1B−$1.1B$963MM8.3%$890MM20.7%$10.8B$9.1925.3
2028.Q1$9.1B+11.3%31.1%17.8%$2.3B−$1.3B$1.0B8.3%$856MM20.4%$12.1B$10.1922.8
2029.Q1$9.7B+6.7%31.1%18.1%$2.5B−$834MM$1.7B8.3%$1.3B19.9%$12.9B$10.8321.5
2030.Q1$10.3B+5.3%31.1%18.4%$2.6B−$770MM$1.8B8.3%$1.3B19.6%$13.7B$11.3720.4
2031.Q1$10.7B+4.8%31.1%18.6%$2.7B−$745MM$2.0B8.4%$1.3B19.3%$14.5B$11.8719.6
Term. Yr+$13.8B4.1%22.2%20.0%$2.5B−$898MM$1.6B8.6%$15.5B11.2%
Active scenario IV: $164 (-29.6% vs market)