Zebra Technologies
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
1 Year Returns
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.
Value
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.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Zebra Technologies.
| 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.
| 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.
| 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 | ||
| 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 |
| 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 |
| 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.
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?
| 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.
| 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?
| 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 .
| 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?
| 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 |
| 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.
Value checks
We assess Zebra Technologies's value by looking at:- 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. )
- Is the PE ratio less than the market average, and/ or less than the Electronic industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Electronic industry average (and greater than 0)? (1 check) 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
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!
Earnings growth vs Low Risk Savings
- 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
| 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
| 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 |
| 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 |
| 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.
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.
| 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 |
| 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.
Future performance checks
We assess Zebra Technologies's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Germany market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
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
Past Earnings growth analysis
- 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
All data from Zebra Technologies Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| 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).
Past performance checks
We assess Zebra Technologies's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Electronic industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
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.
- 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
Assets
Liabilities and shares
- 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.
All data from Zebra Technologies Company Filings, last reported 3 months ago.
| 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).
Financial health checks
We assess Zebra Technologies's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Zebra Technologies has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- 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
If you bought
€2,000 of
Zebra Technologies
shares you are expected to receive
€0
in your first year as a dividend.
Dividend Amount
- 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.
| 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.
| 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.
Income/ dividend checks
We assess Zebra Technologies's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- 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) 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
CEO
| 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:
- The tenure for the Zebra Technologies management team is about average.
Management Team
Anders Gustafsson
CEO & Director
$8M
58
11.6 yrs
Olivier Leonetti
Chief Financial Officer
$3M
53
2.4 yrs
Joe Heel
Senior Vice President of Global Sales
$2M
52
4.6 yrs
CJ Desai
Independent Director
$251K
47
3.3 yrs
Bill Burns
Senior VP
$2M
50
3.8 yrs
Bill Cate
Vice President of Channel Strategy & Operations
Colleen O'Sullivan
VP & Chief Accounting Officer
51
2.7 yrs
Tom Bianculli
Chief Technology Officer
2.6 yrs
Deepak Kaul
Chief Information Officer
Mike Terzich
Senior VP & Chief Administrative Officer
$2M
56
4.3 yrs
Board of Directors Tenure
Average tenure and age of the Zebra Technologies board of directors in years:
- 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
Chairman of the Board
$336K
63
11.6 yrs
Anders Gustafsson
CEO & Director
$8M
58
11.6 yrs
Richard Keyser
Independent Director
$274K
75
10.8 yrs
Ross Manire
Independent Director
$263K
66
15.8 yrs
Andy Ludwick
Independent Director
$257K
72
10.9 yrs
Janice Roberts
Independent Director
$251K
62
5.5 yrs
Frank Modruson
Independent Director
$259K
58
5.2 yrs
Who owns this company?
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 | ||
Management checks
We assess Zebra Technologies's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) 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.
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
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.
