Executive Summary
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide.
Rewards
Risk Analysis
Snowflake Analysis
Solid track record with mediocre balance sheet.
Similar Companies
Share Price & News
How has Zebra Technologies's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZT1A's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-0.7%
ZT1A
4.2%
DE Electronic
7.1%
DE Market
1 Year Return
-7.9%
ZT1A
-26.4%
DE Electronic
-17.5%
DE Market
Return vs Industry: ZT1A exceeded the German Electronic industry which returned -26.4% over the past year.
Return vs Market: ZT1A exceeded the German Market which returned -17.5% over the past year.
Shareholder returns
| ZT1A | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.7% | 4.2% | 7.1% |
| 30 Day | -8.1% | -23.5% | -20.0% |
| 90 Day | -24.8% | -23.7% | -26.1% |
| 1 Year | -7.9%-7.9% | -24.9%-26.4% | -15.0%-17.5% |
| 3 Year | 105.3%105.3% | -2.4%-5.6% | -18.8%-25.8% |
| 5 Year | 106.8%106.8% | 55.0%43.6% | -17.9%-29.2% |
Price Volatility Vs. Market
How volatile is Zebra Technologies's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Zebra Technologies undervalued compared to its fair value and its price relative to the market?
38.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ZT1A (€171.35) is trading below our estimate of fair value (€279.11)
Significantly Below Fair Value: ZT1A is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ZT1A is poor value based on its PE Ratio (18.3x) compared to the Electronic industry average (15.8x).
PE vs Market: ZT1A is poor value based on its PE Ratio (18.3x) compared to the German market (16.5x).
Price to Earnings Growth Ratio
PEG Ratio: ZT1A is poor value based on its PEG Ratio (1.9x)
Price to Book Ratio
PB vs Industry: ZT1A is overvalued based on its PB Ratio (5.4x) compared to the DE Electronic industry average (1.1x).
Next Steps
Future Growth
How is Zebra Technologies forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
11.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ZT1A's forecast earnings growth (9.7% per year) is above the savings rate (-0.4%).
Earnings vs Market: ZT1A's earnings (9.7% per year) are forecast to grow slower than the German market (14.2% per year).
High Growth Earnings: ZT1A's earnings are forecast to grow, but not significantly.
Revenue vs Market: ZT1A's revenue (3.4% per year) is forecast to grow slower than the German market (4.2% per year).
High Growth Revenue: ZT1A's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZT1A's Return on Equity is forecast to be high in 3 years time (24.2%)
Next Steps
Past Performance
How has Zebra Technologies performed over the past 5 years?
69.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZT1A has high quality earnings.
Growing Profit Margin: ZT1A's current net profit margins (12.1%) are higher than last year (10%).
Past Earnings Growth Analysis
Earnings Trend: ZT1A's earnings have grown significantly by 69.6% per year over the past 5 years.
Accelerating Growth: ZT1A's earnings growth over the past year (29.2%) is below its 5-year average (69.6% per year).
Earnings vs Industry: ZT1A earnings growth over the past year (29.2%) exceeded the Electronic industry -7.4%.
Return on Equity
High ROE: ZT1A's Return on Equity (29.6%) is considered high.
Next Steps
Financial Health
How is Zebra Technologies's financial position?
Financial Position Analysis
Short Term Liabilities: ZT1A's short term assets ($1.2B) do not cover its short term liabilities ($1.4B).
Long Term Liabilities: ZT1A's short term assets ($1.2B) do not cover its long term liabilities ($1.5B).
Debt to Equity History and Analysis
Debt Level: ZT1A's debt to equity ratio (70.1%) is considered high.
Reducing Debt: ZT1A's debt to equity ratio has reduced from 304.1% to 70.1% over the past 5 years.
Debt Coverage: ZT1A's debt is well covered by operating cash flow (53.1%).
Interest Coverage: ZT1A's interest payments on its debt are well covered by EBIT (8.4x coverage).
Balance Sheet
Inventory Level: ZT1A has a low level of unsold assets or inventory.
Debt Coverage by Assets: ZT1A's debt is not covered by short term assets (assets are 0.9x debt).
Next Steps
Dividend
What is Zebra Technologies's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate ZT1A's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate ZT1A's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if ZT1A's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if ZT1A's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of ZT1A's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.8yrs
Average management tenure
CEO
Anders Gustafsson (59yo)
12.5s
Tenure
US$9,496,092
Compensation
Mr. Anders Gustafsson has been the Chief Executive Officer of Zebra Technologies Corporation, a holding company of Navis LLC since September 4, 2007. Mr. Gustafsson serves as the Chief Executive Officer at ...
CEO Compensation Analysis
Compensation vs Market: Anders's total compensation ($USD9.50M) is above average for companies of similar size in the German market ($USD5.11M).
Compensation vs Earnings: Anders's compensation has increased by more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 12.5yrs | US$9.50m | 0.54% $48.3m | |
| Chief Financial Officer | 3.33yrs | US$3.09m | 0.037% $3.3m | |
| Senior VP & Chief Administrative Officer | 5.25yrs | US$1.78m | 0.059% $5.3m | |
| Senior Vice President of Global Sales | 5.5yrs | US$2.20m | 0.062% $5.6m | |
| Senior VP | 4.75yrs | US$2.60m | 0.038% $3.4m | |
| Vice President of Channel Strategy & Operations | no data | no data | no data | |
| VP & Chief Accounting Officer | 3.58yrs | no data | 0.0070% $633.8k | |
| Chief Technology Officer | 3.5yrs | no data | no data | |
| Chief Information Officer | no data | no data | no data | |
| Vice President of Investor Relations | no data | no data | no data |
4.8yrs
Average Tenure
53yo
Average Age
Experienced Management: ZT1A's management team is considered experienced (4.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 12.5yrs | US$9.50m | 0.54% $48.3m | |
| Independent Director | 6.42yrs | US$270.14k | 0.024% $2.1m | |
| Independent Director | 11.75yrs | US$287.64k | 0.076% $6.8m | |
| Independent Director | 11.83yrs | US$270.14k | 0.012% $1.1m | |
| Independent Director | 16.67yrs | US$277.64k | 0.042% $3.7m | |
| Independent Chairman of the Board | 12.5yrs | US$380.14k | 0.059% $5.3m | |
| Independent Director | 4.25yrs | US$270.14k | 0.0074% $661.7k | |
| Independent Director | 6yrs | US$270.14k | 0.030% $2.7m |
11.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: ZT1A's board of directors are seasoned and experienced ( 11.8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Zebra Technologies Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Zebra Technologies Corporation
- Ticker: ZT1A
- Exchange: DB
- Founded: 1969
- Industry: Electronic Equipment and Instruments
- Sector: Tech
- Market Cap: US$9.968b
- Listing Market Cap: US$8.990b
- Shares outstanding: 54.01m
- Website: https://www.zebra.com
Number of Employees
Location
- Zebra Technologies Corporation
- 3 Overlook Point
- Lincolnshire
- Illinois
- 60069
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| ZBRA | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Aug 1991 |
| ZT1A | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Aug 1991 |
| ZT1A | BRSE (Berne Stock Exchange) | Yes | Class A Common Stock | CH | CHF | Aug 1991 |
| ZBRA * | BMV (Bolsa Mexicana de Valores) | Yes | Class A Common Stock | MX | MXN | Aug 1991 |
Biography
Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. The company operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. It designs, manufactures, and sells a range of products that capture and move data, including mobile computers, barcode scanners and imagers, 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, healthcare, 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.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/03/29 22:22 |
| End of Day Share Price | 2020/03/27 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.