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ZBRA

Zebra TechnologiesNasdaqGS:ZBRA Stock Report

Market Cap

US$32.4b

7D

0.7%

1Y

60.5%

Updated

30 Nov, 2021

Data

Company Financials +
ZBRA fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance6/6
Financial Health5/6
Dividends0/6

ZBRA Stock Overview

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide.

Zebra Technologies Competitors

Intellicheck

NasdaqGM:IDN

US$94.8m

Samsung Electronics

KOSE:A005930

₩485.8t

Cisco Systems

NasdaqGS:CSCO

US$235.2b

Honeywell International

NasdaqGS:HON

US$143.0b

Price History & Performance

Summary of all time highs, changes and price drops for Zebra Technologies
Historical stock prices
Current Share PriceUS$607.20
52 Week HighUS$614.10
52 Week LowUS$363.00
Beta1.59
1 Month Change13.72%
3 Month Change3.41%
1 Year Change60.46%
3 Year Change234.79%
5 Year Change650.19%
Change since IPO14,872.05%

Recent News & Updates

Nov 02

Zebra Technologies: More To Come Despite The Premium Valuation

Zebra is the largest supplier of bar-code scanners and bar-code printers in the world, with growth drivers in RFID and an expanding software business. The company is starting to generate strong FCF, which will bring it to the next stage of maturity. Highly exposed to broader ecommerce growth and corresponding increases in global parcel shipping volume, ZBRA should have ample opportunities for reinvestment. Zebra successfully made 7 value accretive M&A deals over last 2 years which brings extra opportunities for further secular growth.

Shareholder Returns

ZBRAUS ElectronicUS Market
7D0.7%-1.3%-0.9%
1Y60.5%24.9%23.3%

Return vs Industry: ZBRA exceeded the US Electronic industry which returned 22.2% over the past year.

Return vs Market: ZBRA exceeded the US Market which returned 21.3% over the past year.

Price Volatility

Is ZBRA's price volatile compared to industry and market?
ZBRA volatility
ZBRA Average Weekly Movement3.9%
Electronic Industry Average Movement6.9%
Market Average Movement6.0%
10% most volatile stocks in US Market15.0%
10% least volatile stocks in US Market2.3%

Stable Share Price: ZBRA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ZBRA's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19698,800Anders Gustafssonhttps://www.zebra.com

Zebra Technologies Corporation, together with its subsidiaries, provides enterprise asset intelligence solutions in the automatic identification and data capture solutions industry worldwide. It operates in two segments, Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company designs, manufactures, and sells printers, which produce labels, wristbands, tickets, receipts, and plastic cards; RFID printers and encoders; accessories and options for its printers, including vehicle mounts and battery chargers; stock and customized thermal labels, receipts, ribbons, plastic cards, and RFID tags for printers; and temperature-monitoring labels primarily used in vaccine distribution, as well as self-laminating wristbands for use in laser printers.

Zebra Technologies Fundamentals Summary

How do Zebra Technologies's earnings and revenue compare to its market cap?
ZBRA fundamental statistics
Market CapUS$32.45b
Earnings (TTM)US$845.00m
Revenue (TTM)US$5.47b

38.4x

P/E Ratio

5.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZBRA income statement (TTM)
RevenueUS$5.47b
Cost of RevenueUS$2.89b
Gross ProfitUS$2.58b
ExpensesUS$1.73b
EarningsUS$845.00m

Last Reported Earnings

Oct 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)15.81
Gross Margin47.13%
Net Profit Margin15.45%
Debt/Equity Ratio36.2%

How did ZBRA perform over the long term?

See historical performance and comparison

Valuation

Is Zebra Technologies undervalued compared to its fair value and its price relative to the market?

38.4x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ZBRA ($607.2) is trading above our estimate of fair value ($424.6)

Significantly Below Fair Value: ZBRA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: ZBRA is poor value based on its PE Ratio (38.4x) compared to the US Electronic industry average (17.4x).

PE vs Market: ZBRA is poor value based on its PE Ratio (38.4x) compared to the US market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: ZBRA is poor value based on its PEG Ratio (3.4x)


Price to Book Ratio

PB vs Industry: ZBRA is overvalued based on its PB Ratio (11.5x) compared to the US Electronic industry average (2.5x).


Future Growth

How is Zebra Technologies forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

11.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZBRA's forecast earnings growth (11.4% per year) is above the savings rate (2%).

Earnings vs Market: ZBRA's earnings (11.4% per year) are forecast to grow slower than the US market (14.3% per year).

High Growth Earnings: ZBRA's earnings are forecast to grow, but not significantly.

Revenue vs Market: ZBRA's revenue (5.5% per year) is forecast to grow slower than the US market (10.1% per year).

High Growth Revenue: ZBRA's revenue (5.5% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ZBRA's Return on Equity is forecast to be high in 3 years time (27.3%)


Past Performance

How has Zebra Technologies performed over the past 5 years?

51.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: ZBRA has high quality earnings.

Growing Profit Margin: ZBRA's current net profit margins (15.5%) are higher than last year (11%).


Past Earnings Growth Analysis

Earnings Trend: ZBRA has become profitable over the past 5 years, growing earnings by 51.4% per year.

Accelerating Growth: ZBRA's earnings growth over the past year (77.6%) exceeds its 5-year average (51.4% per year).

Earnings vs Industry: ZBRA earnings growth over the past year (77.6%) exceeded the Electronic industry 52.7%.


Return on Equity

High ROE: ZBRA's Return on Equity (30%) is considered high.


Financial Health

How is Zebra Technologies's financial position?


Financial Position Analysis

Short Term Liabilities: ZBRA's short term assets ($1.5B) do not cover its short term liabilities ($1.6B).

Long Term Liabilities: ZBRA's short term assets ($1.5B) exceed its long term liabilities ($1.5B).


Debt to Equity History and Analysis

Debt Level: ZBRA's net debt to equity ratio (25.3%) is considered satisfactory.

Reducing Debt: ZBRA's debt to equity ratio has reduced from 376.7% to 36.2% over the past 5 years.

Debt Coverage: ZBRA's debt is well covered by operating cash flow (124.2%).

Interest Coverage: ZBRA's interest payments on its debt are well covered by EBIT (59.1x coverage).


Balance Sheet


Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate ZBRA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate ZBRA's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if ZBRA's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if ZBRA'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 ZBRA's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.5yrs

Average management tenure


CEO

Anders Gustafsson (61 yo)

14.17yrs

Tenure

US$10,077,727

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 ($USD10.08M) is about average for companies of similar size in the US market ($USD11.11M).

Compensation vs Earnings: Anders's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: ZBRA's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: ZBRA's board of directors are seasoned and experienced ( 10.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: ZBRA insiders have only sold shares 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 employee growth, exchange listings and data sources


Key Information

  • Name: Zebra Technologies Corporation
  • Ticker: ZBRA
  • Exchange: NasdaqGS
  • Founded: 1969
  • Industry: Electronic Equipment and Instruments
  • Sector: Tech
  • Market Cap: US$32.450b
  • Shares outstanding: 53.44m
  • Website: https://www.zebra.com

Number of Employees


Location

  • Zebra Technologies Corporation
  • 3 Overlook Point
  • Lincolnshire
  • Illinois
  • 60069
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/30 00:14
End of Day Share Price2021/11/29 00:00
Earnings2021/10/02
Annual Earnings2020/12/31


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.