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Zebra Technologies

DB:ZT1A
Snowflake Description

Solid track record with reasonable growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ZT1A
DB
$12B
Market Cap
  1. Home
  2. DE
  3. Tech
Company description

Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide. The last earnings update was 68 days ago. More info.


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  • Zebra Technologies has significant price volatility in the past 3 months.
ZT1A Share Price and Events
7 Day Returns
-0.3%
DB:ZT1A
1.7%
DE Electronic
1.5%
DE Market
1 Year Returns
81.2%
DB:ZT1A
-2%
DE Electronic
-6.2%
DE Market
ZT1A Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Zebra Technologies (ZT1A) -0.3% 8.4% 37.2% 81.2% 267.3% 328.7%
DE Electronic 1.7% 8.1% 19.9% -2% 97.4% 104.1%
DE Market 1.5% 6% 8.5% -6.2% 10.7% 15.3%
1 Year Return vs Industry and Market
  • ZT1A outperformed the Electronic industry which returned -2% over the past year.
  • ZT1A outperformed the Market in Germany which returned -6.2% over the past year.
Price Volatility
ZT1A
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Zebra Technologies undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Zebra Technologies to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Zebra Technologies.

DB:ZT1A Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 8 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 6.9%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:ZT1A
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Electronic Unlevered Beta Simply Wall St/ S&P Global 1.07
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.066 (1 + (1- 21%) (12.79%))
1.116
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.12
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (1.116 * 5.96%)
6.88%

Discounted Cash Flow Calculation for DB:ZT1A using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Zebra Technologies is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

DB:ZT1A DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 6.88%)
2019 641.21 Analyst x4 599.93
2020 715.28 Analyst x4 626.15
2021 753.70 Analyst x1 617.31
2022 768.41 Est @ 1.95% 588.84
2023 779.43 Est @ 1.43% 558.83
2024 787.79 Est @ 1.07% 528.46
2025 794.24 Est @ 0.82% 498.49
2026 799.34 Est @ 0.64% 469.40
2027 803.48 Est @ 0.52% 441.45
2028 806.94 Est @ 0.43% 414.81
Present value of next 10 years cash flows $5,343.67
DB:ZT1A DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $806.94 × (1 + 0.23%) ÷ (6.88% – 0.23%)
$12,157.25
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $12,157.25 ÷ (1 + 6.88%)10
$6,249.50
DB:ZT1A Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $5,343.67 + $6,249.50
$11,593.16
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $11,593.16 / 53.95
$214.9
DB:ZT1A Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:ZT1A represents 0.88674x of NasdaqGS:ZBRA
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.88674x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 214.90 x 0.88674
€190.56
Value per share (EUR) From above. €190.56
Current discount Discount to share price of €207.00
= -1 x (€207.00 - €190.56) / €190.56
-8.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Zebra Technologies is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Zebra Technologies's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Zebra Technologies's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:ZT1A PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $7.86
NasdaqGS:ZBRA Share Price ** NasdaqGS (2019-04-23) in USD $233.44
Germany Electronic Industry PE Ratio Median Figure of 13 Publicly-Listed Electronic Companies 23.37x
Germany Market PE Ratio Median Figure of 424 Publicly-Listed Companies 19.6x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Zebra Technologies.

DB:ZT1A PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:ZBRA Share Price ÷ EPS (both in USD)

= 233.44 ÷ 7.86

29.72x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zebra Technologies is overvalued based on earnings compared to the DE Electronic industry average.
  • Zebra Technologies is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Zebra Technologies's expected growth come at a high price?
Raw Data
DB:ZT1A PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 29.72x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts
14.6%per year
Germany Electronic Industry PEG Ratio Median Figure of 12 Publicly-Listed Electronic Companies 2.1x
Germany Market PEG Ratio Median Figure of 269 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

DB:ZT1A PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 29.72x ÷ 14.6%

2.03x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zebra Technologies is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Zebra Technologies's assets?
Raw Data
DB:ZT1A PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $24.78
NasdaqGS:ZBRA Share Price * NasdaqGS (2019-04-23) in USD $233.44
Germany Electronic Industry PB Ratio Median Figure of 19 Publicly-Listed Electronic Companies 2.57x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.84x
DB:ZT1A PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:ZBRA Share Price ÷ Book Value per Share (both in USD)

= 233.44 ÷ 24.78

9.42x

* Primary Listing of Zebra Technologies.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Zebra Technologies is overvalued based on assets compared to the DE Electronic industry average.
X
Value checks
We assess Zebra Technologies's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check)
  5. Zebra Technologies has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Zebra Technologies expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Zebra Technologies expected to grow at an attractive rate?
  • Zebra Technologies's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Zebra Technologies's earnings growth is expected to exceed the Germany market average.
  • Zebra Technologies's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:ZT1A Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:ZT1A Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 8 Analysts 14.6%
DB:ZT1A Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 8 Analysts 4.9%
Germany Electronic Industry Earnings Growth Rate Market Cap Weighted Average 12.5%
Germany Electronic Industry Revenue Growth Rate Market Cap Weighted Average 7.8%
Germany Market Earnings Growth Rate Market Cap Weighted Average 11.6%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:ZT1A Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:ZT1A Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 4,856 828 651 2
2020-12-31 4,687 790 592 8
2019-12-31 4,485 710 532 8
DB:ZT1A Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 4,218 785 421
2018-09-29 4,107 728 310
2018-06-30 3,950 541 171
2018-03-31 3,834 477 118
2017-12-31 3,722 478 17
2017-09-30 3,638 338 30
2017-07-01 3,607 459 -41
2017-04-01 3,590 401 -103
2016-12-31 3,574 380 -137
2016-10-01 3,583 246 -181
2016-07-02 3,595 214 -127
2016-04-02 3,606 170 -159

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Zebra Technologies's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • Zebra Technologies's revenue is expected to grow by 4.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:ZT1A Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below

All data from Zebra Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZT1A Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 11.93 11.93 11.93 1.00
2020-12-31 10.75 11.77 8.86 6.00
2019-12-31 9.71 10.45 8.16 6.00
DB:ZT1A Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 7.86
2018-09-29 5.80
2018-06-30 3.18
2018-03-31 2.21
2017-12-31 0.32
2017-09-30 0.57
2017-07-01 -0.79
2017-04-01 -1.99
2016-12-31 -2.66
2016-10-01 -3.52
2016-07-02 -2.48
2016-04-02 -3.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Zebra Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Zebra Technologies's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Zebra Technologies has a total score of 4/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Zebra Technologies performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Zebra Technologies's growth in the last year to its industry (Electronic).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Zebra Technologies's year on year earnings growth rate has been positive over the past 5 years.
  • Zebra Technologies's 1-year earnings growth exceeds its 5-year average (2376.5% vs 19.6%)
  • Zebra Technologies's earnings growth has exceeded the DE Electronic industry average in the past year (2376.5% vs 18.1%).
Earnings and Revenue History
Zebra Technologies's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Zebra Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:ZT1A Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 4,218.00 421.00 798.00 444.00
2018-09-29 4,107.00 310.00 786.00 421.00
2018-06-30 3,950.00 171.00 775.00 404.00
2018-03-31 3,834.00 118.00 756.00 394.00
2017-12-31 3,722.00 17.00 749.00 389.00
2017-09-30 3,638.00 30.00 739.00 383.00
2017-07-01 3,607.00 -41.00 741.00 383.00
2017-04-01 3,590.00 -103.00 748.00 379.00
2016-12-31 3,574.00 -137.00 751.00 376.00
2016-10-01 3,583.00 -181.00 769.00 382.00
2016-07-02 3,595.00 -127.00 770.00 386.00
2016-04-02 3,606.00 -159.00 776.00 391.00
2015-12-31 3,650.00 -158.00 777.00 394.00
2015-10-03 3,490.04 -183.11 733.60 375.21
2015-07-04 2,877.31 -139.16 608.12 300.43
2015-04-04 2,275.73 -34.61 475.19 224.14
2014-12-31 1,671.00 32.00 351.00 151.00
2014-09-27 1,164.50 125.63 248.12 95.50
2014-06-28 1,124.75 149.29 243.45 92.66
2014-03-29 1,089.49 152.29 239.25 92.15
2013-12-31 1,038.00 134.00 234.00 91.00
2013-09-28 1,006.80 127.50 227.80 90.04
2013-06-29 995.31 115.48 225.75 89.67
2013-03-30 989.23 115.28 224.43 88.81
2012-12-31 996.17 121.90 222.07 87.36
2012-09-29 990.30 119.96 223.15 87.93
2012-06-30 991.60 127.56 219.26 88.51

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Zebra Technologies has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Zebra Technologies used its assets more efficiently than the DE Electronic industry average last year based on Return on Assets.
  • Zebra Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Zebra Technologies's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Zebra Technologies has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Zebra Technologies's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Zebra Technologies's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Zebra Technologies's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Zebra Technologies's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Zebra Technologies's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.7x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Zebra Technologies Company Filings, last reported 3 months ago.

DB:ZT1A Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 1,335.00 1,591.00 44.00
2018-09-29 1,213.00 1,903.00 45.00
2018-06-30 1,073.00 2,004.00 46.00
2018-03-31 981.00 2,138.00 64.00
2017-12-31 834.00 2,242.00 62.00
2017-09-30 814.00 2,508.00 88.00
2017-07-01 812.00 2,443.00 95.00
2017-04-01 795.00 2,597.00 180.00
2016-12-31 792.00 2,671.00 156.00
2016-10-01 748.00 2,825.00 163.00
2016-07-02 817.00 2,907.00 141.00
2016-04-02 861.00 2,962.00 194.00
2015-12-31 893.00 3,035.00 192.00
2015-10-03 914.03 3,063.32 258.02
2015-07-04 951.59 3,049.18 204.92
2015-04-04 1,026.00 3,158.08 329.53
2014-12-31 1,040.00 3,162.00 418.00
2014-09-27 1,076.75 3.47 541.92
2014-06-28 1,048.06 2.43 525.99
2014-03-29 1,008.94 0.00 465.57
2013-12-31 958.66 0.00 413.21
2013-09-28 910.34 0.00 463.74
2013-06-29 896.58 0.00 445.69
2013-03-30 886.36 0.00 414.12
2012-12-31 857.00 0.00 388.88
2012-09-29 833.03 0.00 212.94
2012-06-30 820.98 0.00 252.85
  • Zebra Technologies's level of debt (119.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 119.2% today).
  • Debt is well covered by operating cash flow (49.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.1x coverage).
X
Financial health checks
We assess Zebra Technologies's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Zebra Technologies has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Zebra Technologies's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Zebra Technologies dividends.
If you bought €2,000 of Zebra Technologies shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Zebra Technologies's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Zebra Technologies's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:ZT1A Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 8 Analyst Estimates (S&P Global) See Below
Germany Electronic Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 1.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 327 Stocks 3%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.4%
Germany Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:ZT1A Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31
2019-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Zebra Technologies has not reported any payouts.
  • Unable to verify if Zebra Technologies's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Zebra Technologies's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Zebra Technologies has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Zebra Technologies's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Zebra Technologies afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Zebra Technologies has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Zebra Technologies's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Anders Gustafsson
COMPENSATION $7,791,579
AGE 58
TENURE AS CEO 11.6 years
CEO Bio

Mr. Anders Gustafsson has been the Chief Executive Officer of Zebra Technologies Corporation, a holding company of Navis LLC since September 4, 2007. Mr. Gustafsson serves as the Chief Executive Officer at Zebra Enterprise Solutions Corp. He has been Director of International Paper Italia S.r.l. since March 2019. He serves as an Independent Director at International Paper Company since March 01, 2019. He served as the Chief Executive Officer of Spirent Communications Plc from July 2004 to March 6, 2007 and since July 28, 2007. He served as the Chief Executive Officer of Spirent Communications Inc., from August 2004 to 2007. He redirected that Spirent's growth strategy, divested non-core operations, integrated historic acquisitions and streamlined the organization to realize significant cost savings. He served as Senior Executive Vice President of Global Business Operations of Tellabs Inc., from 2000 to July 28, 2004. Mr. Gustafsson served as an Executive Vice President of Tellabs Inc. and President of Tellabs International, a subsidiary of Tellabs Inc. from August 2002 to February 2004 and served as its President of Global Sales from November 2000 to August 2002. He joined Tellabs in June 2000 as a Vice President and General Manager of the Tellabs EMEA sales region based in the UK until November 2000. Mr. Gustafsson spent eight years at Motorola, Inc. in Senior Sales and Management positions within the mobile infrastructure business in Europe and Asia. Earlier in his career, he held executive positions with Network Equipment Technologies. He has been a Director of Zebra Technologies Corporation since September 4, 2007 and Dycom Industries Inc since November 26, 2013. He served as an Executive Director at Spirent Communications PLC from January 2004 to March 6, 2007. He was Awarded a Fulbright Scholarship and received numerous fellowships and scholarships for academic excellence. He also serves as a trustee of the Shedd Aquarium and as a board member of Junior Achievement of Chicago. He studied at the University of Massachusetts. Mr. Gustafsson holds an M.B.A. degree from the Harvard Graduate School of Business and M.Sc. in Electrical Engineering from Chalmers University of Technology, Sweden.

CEO Compensation
  • Anders's compensation has increased by more than 20% in the past year.
  • Anders's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Zebra Technologies management team in years:

3.6
Average Tenure
52
Average Age
  • The tenure for the Zebra Technologies management team is about average.
Management Team

Anders Gustafsson

TITLE
CEO & Director
COMPENSATION
$8M
AGE
58
TENURE
11.6 yrs

Olivier Leonetti

TITLE
Chief Financial Officer
COMPENSATION
$3M
AGE
53
TENURE
2.4 yrs

Joe Heel

TITLE
Senior Vice President of Global Sales
COMPENSATION
$2M
AGE
52
TENURE
4.6 yrs

CJ Desai

TITLE
Independent Director
COMPENSATION
$251K
AGE
47
TENURE
3.3 yrs

Bill Burns

TITLE
Senior VP
COMPENSATION
$2M
AGE
50
TENURE
3.8 yrs

Bill Cate

TITLE
Vice President of Channel Strategy & Operations

Colleen O'Sullivan

TITLE
VP & Chief Accounting Officer
AGE
51
TENURE
2.7 yrs

Tom Bianculli

TITLE
Chief Technology Officer
TENURE
2.6 yrs

Deepak Kaul

TITLE
Chief Information Officer

Mike Terzich

TITLE
Senior VP & Chief Administrative Officer
COMPENSATION
$2M
AGE
56
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Zebra Technologies board of directors in years:

10.9
Average Tenure
63
Average Age
  • The average tenure for the Zebra Technologies board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Michael Smith

TITLE
Chairman of the Board
COMPENSATION
$336K
AGE
63
TENURE
11.6 yrs

Anders Gustafsson

TITLE
CEO & Director
COMPENSATION
$8M
AGE
58
TENURE
11.6 yrs

Richard Keyser

TITLE
Independent Director
COMPENSATION
$274K
AGE
75
TENURE
10.8 yrs

Ross Manire

TITLE
Independent Director
COMPENSATION
$263K
AGE
66
TENURE
15.8 yrs

Andy Ludwick

TITLE
Independent Director
COMPENSATION
$257K
AGE
72
TENURE
10.9 yrs

Janice Roberts

TITLE
Independent Director
COMPENSATION
$251K
AGE
62
TENURE
5.5 yrs

Frank Modruson

TITLE
Independent Director
COMPENSATION
$259K
AGE
58
TENURE
5.2 yrs
Who owns this company?
Recent Insider Trading
  • Zebra Technologies insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
14. Mar 19 Sell Richard Keyser Individual 12. Mar 19 12. Mar 19 -9,500 €186.89 €-1,775,450
01. Mar 19 Sell Jeffrey Schmitz Individual 27. Feb 19 27. Feb 19 -1,913 €177.39 €-339,347
27. Feb 19 Sell Anders Gustafsson Individual 25. Feb 19 25. Feb 19 -28,027 €181.32 €-5,081,982
26. Feb 19 Sell William Burns Individual 22. Feb 19 22. Feb 19 -764 €180.98 €-138,271
26. Feb 19 Sell Michael Smith Individual 22. Feb 19 22. Feb 19 -12,500 €181.76 €-2,265,632
21. Feb 19 Sell Michael Smith Individual 19. Feb 19 19. Feb 19 -12,011 €178.91 €-2,141,603
21. Feb 19 Sell Anders Gustafsson Individual 19. Feb 19 20. Feb 19 -13,073 €176.68 €-2,309,489
16. Nov 18 Sell Andrew Ludwick Individual 14. Nov 18 15. Nov 18 -34,000 €158.66 €-5,350,520
13. Nov 18 Sell Michael Cho Individual 08. Nov 18 08. Nov 18 -1,393 €160.23 €-223,197
13. Nov 18 Sell Joachim Heel Individual 08. Nov 18 09. Nov 18 -2,480 €160.90 €-398,838
27. Aug 18 Sell Hugh Gagnier Individual 23. Aug 18 23. Aug 18 -4,255 €145.92 €-620,894
14. Aug 18 Sell William Burns Individual 14. Aug 18 14. Aug 18 -3,000 €146.30 €-438,912
14. Aug 18 Sell Joachim Heel Individual 14. Aug 18 14. Aug 18 -1,500 €143.52 €-215,282
13. Aug 18 Sell Jim Kaput Individual 09. Aug 18 09. Aug 18 -3,174 €140.14 €-444,800
25. Jun 18 Sell Joachim Heel Individual 22. Jun 18 22. Jun 18 -3,000 €127.46 €-382,392
23. May 18 Sell Michael Cho Individual 22. May 18 22. May 18 -2,024 €131.72 €-266,595
22. May 18 Sell Michael Terzich Individual 21. May 18 21. May 18 -2,896 €131.09 €-379,634
17. May 18 Sell Jim Kaput Individual 16. May 18 16. May 18 -2,831 €132.56 €-375,281
14. May 18 Sell Hugh Gagnier Individual 11. May 18 11. May 18 -14,009 €128.87 €-1,805,345
X
Management checks
We assess Zebra Technologies's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Zebra Technologies has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide. The company operates through two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. It offers AIDC products, including mobile computers, barcode scanners, radio frequency identification device readers, specialty printers for barcode labeling and personal identification, and real-time location systems; related accessories and supplies, such as self-adhesive labels, receipts, ribbons, plastic cards, and wristbands; and software utilities and applications. The company also designs, integrates, markets, and sells rugged tablets. In addition, it offers a range of services, including maintenance, technical support, and repair, as well as managed and professional services, including cloud-based subscriptions. The company serves retail and e-commerce, transportation and logistics, manufacturing, health care, hospitality, warehouse and distribution, energy and utilities, government, and education enterprises. It sells its products, solutions, and services through distributors, value added resellers, independent software vendors, direct marketers, and original equipment manufacturers. Zebra Technologies Corporation was founded in 1969 and is headquartered in Lincolnshire, Illinois.

Details
Name: Zebra Technologies Corporation
ZT1A
Exchange: DB
Founded: 1969
$11,097,436,704
53,947,751
Website: http://www.zebra.com
Address: Zebra Technologies Corporation
3 Overlook Point,
Lincolnshire,
Illinois, 60069,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS ZBRA Class A Common Stock Nasdaq Global Select US USD 15. Aug 1991
DB ZT1A Class A Common Stock Deutsche Boerse AG DE EUR 15. Aug 1991
Number of employees
Current staff
Staff numbers
7,400
Zebra Technologies employees.
Industry
Electronic Equipment and Instruments
Tech
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/23 21:31
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/15
Last earnings filing: 2019/02/14
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.