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 ?8.4%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?0.949
Beta (levered) ?0.952
Terminal OM% ?22.8%
Segment conc. ?33% dominant
Terminal growth ?4.1%
Bond rating ?AAA · 0.60%
ROIC option ?Opt 4 · 14.9%
Prob of failure ?0.0%
Pipeline validated · 2026-05-17

GRMN · Garmin Ltd.

$237.652026-05-17
Sector: Technology; Industry: Hardware, Equipment & Parts; Sub-Industry: Consumer Electronics

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$222
-6.7% vs market
Base · active
$187
-21.3% vs market
Bear
$171
-28.1% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $171
Base $187
Bull $222
Market $238
Median $252
Market Price $238
Mulya.ai Base $187
Analysts Median $252
Mulya.ai IV range ($171 · $222)
Analysts Range ($240 · $320)
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
2021.Q4$5.0B29.8%10.3%$1.3B−$830MM$502MM7.1%20.6%$6.5B$5.58
2022.Q4$4.9B-2.5%25.8%8.6%$1.1B−$660MM$486MM8.2%17.1%$7.0B$5.02
2023.Q4$5.2B7.6%25.5%0.0%$1.4B−$324MM$1.1B8.0%19.9%$7.4B$6.66
2024.Q4$6.3B20.4%30.9%16.7%$1.6B−$623MM$995MM8.6%20.8%$8.1B$7.28
2025.Q4$7.2B15.1%31.6%17.4%$1.9B−$1.1B$772MM8.6%21.6%$9.4B$8.5920.1
italics below = DCF projection · 10yr Rev CAGR: 7.3%
2026.Q4$8.0B+10.2%32.0%17.7%$2.1B−$974MM$1.1B8.4%$1.0B21.4%$10.3B$8.9126.7
2027.Q4$8.7B+9.4%31.7%17.9%$2.3B−$979MM$1.3B8.4%$1.1B21.0%$11.3B$9.6224.7
2028.Q4$9.9B+13.6%31.7%18.2%$2.6B−$1.5B$1.0B8.4%$808MM21.3%$12.9B$10.9021.8
2029.Q4$10.8B+8.4%31.7%18.4%$2.8B−$1.0B$1.7B8.4%$1.3B20.8%$13.9B$11.7820.2
2030.Q4$11.5B+6.5%31.7%18.7%$3.0B−$901MM$2.1B8.5%$1.4B20.6%$14.8B$12.5019.0
Term. Yr+$15.3B4.1%22.8%20.0%$2.8B−$764MM$2.0B8.6%$19.9B14.9%
Active scenario IV: $187 (-21.3% vs market)