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Garmin Intrinsic Value –
Tactical Air Support has selected Garmin(
$NYSE:GRMN)’s G3000 integrated flight deck for the US Department of Defense Avionics Reconfiguration and Tactical Enhancement/Modernization for Inventory Standardization program. The G3000 was first selected for Tactical Air’s F-5 adversary aircraft training fleet in 2018. This is a significant win for Garmin, as the G3000 is now the standard flight deck for all of Tactical Air Support’s aircraft. This could have a positive impact on Garmin’s market share and earnings in the long term, as more military and commercial operators adopt the G3000.
Price History
On Tuesday, GARMIN stock opened at $90.2 and closed at $88.8, down by 4.5% from previous closing price of 92.9.
VI Analysis – Garmin Intrinsic Value
A company’s fundamentals reflect its long term potential. The intrinsic value of a stock is the sum of all future cash flows, discounted at the required rate of return. The VI app makes it easy to calculate the intrinsic value of a stock. The intrinsic value of GARMIN stock is around $127.1. The stock is currently trading at $88.8, which means it is undervalued by 30%.
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Summary
The G3000 is a next-generation flight deck that features touch-screen controls, integrated voice and data communications, and enhanced situational awareness capabilities. Despite the news of this major contract win, Garmin’s stock price moved down slightly the same day. This could be due to a number of factors, including the current market conditions or investor concerns about the company’s long-term prospects. Nevertheless, Garmin remains a leading provider of aviation electronics and this latest contract win is a testament to the quality of its products.
