If You Invested $1000 in Garmin a Decade Ago, This is How Much It'd Be Worth Now

How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.What if you'd invested in Garmin (GRMN) ten years ago? It may not have been easy to hold on to GRMN for all that time, but if you did, how much would your investment be worth today?Garmin's Business In-DepthWith that in mind, let's take a look at Garmin's main business drivers. Olathe, Kansas-based, Garmin, Ltd. is an original equipment manufacturer (OEM) of navigation and communication equipment that incorporate the global positioning system (GPS)-based technology.The company’s diverse portfolio of handheld, portable and fixed-mount GPS-enabled devices provides geographical location and navigation data using the GPS satellite system.Garmin reported revenues of $5.23 billion in 2023. The company reports operations under five segments: Outdoor, Fitness, Marine, Auto and Aviation, which generated 32.5%, 25.8%, 17.4%, 8.1% and 16.2% of revenues, respectively.Outdoor products currently include handhelds, wearables, golfing devices, dog tracking/training devices and action cameras. The Fitness segment offers running and cycling products of various kinds and includes platforms for connecting and sharing data with others. Marine products include chartplotters, fishfinders, sounders, autopilot systems, radars, instruments, radios, handhelds and wrist-worn devices, sailing and entertainment products. Auto offers personal navigation devices (PNDs), infotainment solutions and mobile applications. Aviation offers integrated avionics or flight decks; panel mounted navigation, traffic, audio, transponder, weather and other products; portable and wearable solutions; and mobile apps.Products are manufactured at its Xizhi, Jhongli and LinKou facilities in Taiwan, its Yangzhou facility in China and its Olathe, Kansas and Salem, Oregon facilities in the U.S. They are sold through a big network of independent dealers across 100 countries globally.Garmin products are distributed through a hybrid sales channel system that utilizes a network of distributors and retailers. They are also sold directly to OEMs that integrate the GPS capability into their end product.Bottom LineWhile anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Garmin ten years ago, you're probably feeling pretty good about your investment today.According to our calculations, a $1000 investment made in November 2014 would be worth $3,503.46, or a 250.35% gain, as of November 20, 2024. Investors should keep in mind that this return excludes dividends but includes price appreciation.In comparison, the S&P 500 gained 188.81% and the price of gold went up 111.78% over the same time frame.Analysts are forecasting more upside for GRMN too. Garmin is benefiting from strong momentum across the Fitness and Auto OEM segments. While strength in the Fitness segment is primarily attributed to advanced wearables demand, Auto OEM revenues are driven by increased shipments of domain controllers to BMW. Strong momentum across the Aviation and Marine segments is a positive. Improving demand scenario in the Outdoor segment is also a negative. Increasing demand in the Americas and EMEA regions is a plus. Garmin’s growing focus on continued innovation, diversification and market expansion to explore opportunities across all business segments is another positive. The stock has outperformed its industry year to date. However, weakness in the aftermarket product categories remains concerning for the Aviation segment. Rising macroeconomic uncertainties and inflationary pressure are concerns. The stock has jumped 27.22% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 3 higher, for fiscal 2024; the consensus estimate has moved up as well.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Garmin Ltd. (GRMN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks