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ZBRA

Zebra Technologies NasdaqGS:ZBRA Stock Report

Last Price

US$309.83

Market Cap

US$16.3b

7D

7.4%

1Y

-41.2%

Updated

27 Jun, 2022

Data

Company Financials +
ZBRA fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
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

Price History & Performance

Summary of all time highs, changes and price drops for Zebra Technologies
Historical stock prices
Current Share PriceUS$309.83
52 Week HighUS$615.00
52 Week LowUS$287.93
Beta1.6
1 Month Change-9.81%
3 Month Change-29.28%
1 Year Change-41.22%
3 Year Change48.26%
5 Year Change210.79%
Change since IPO7,539.64%

Recent News & Updates

Jun 27
Why The 22% Return On Capital At Zebra Technologies (NASDAQ:ZBRA) Should Have Your Attention

Why The 22% Return On Capital At Zebra Technologies (NASDAQ:ZBRA) Should Have Your Attention

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'll want to see a proven...

May 27

Zebra Technologies: A Great Business, Finally At A Cheap Valuation

Zebra Technologies checks almost all my checklist. Zebra delivers sustainable growth in an industry with increasing relevance. Track record of good capital allocation. Shares are trading at a cheap valuation considering the high quality of the business.

May 23
Is Zebra Technologies (NASDAQ:ZBRA) A Risky Investment?

Is Zebra Technologies (NASDAQ:ZBRA) A Risky Investment?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Shareholder Returns

ZBRAUS ElectronicUS Market
7D7.4%5.0%6.3%
1Y-41.2%-19.8%-18.8%

Return vs Industry: ZBRA underperformed the US Electronic industry which returned -19.7% over the past year.

Return vs Market: ZBRA underperformed the US Market which returned -18.4% over the past year.

Price Volatility

Is ZBRA's price volatile compared to industry and market?
ZBRA volatility
ZBRA Average Weekly Movement6.4%
Electronic Industry Average Movement7.4%
Market Average Movement8.1%
10% most volatile stocks in US Market16.7%
10% least volatile stocks in US Market3.2%

Stable Share Price: ZBRA is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: ZBRA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19699,800Anders 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; dye-sublimination thermal card printers, which produce images which are used for personal identification, access control, and financial transactions; RFID printers that encode data into passive RFID transponders; accessories and options for our 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.

Zebra Technologies Fundamentals Summary

How do Zebra Technologies's earnings and revenue compare to its market cap?
ZBRA fundamental statistics
Market CapUS$16.27b
Earnings (TTM)US$814.00m
Revenue (TTM)US$5.71b

20.0x

P/E Ratio

2.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ZBRA income statement (TTM)
RevenueUS$5.71b
Cost of RevenueUS$3.10b
Gross ProfitUS$2.61b
Other ExpensesUS$1.80b
EarningsUS$814.00m

Last Reported Earnings

Apr 02, 2022

Next Earnings Date

Aug 02, 2022

Earnings per share (EPS)15.50
Gross Margin45.69%
Net Profit Margin14.25%
Debt/Equity Ratio37.9%

How did ZBRA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is ZBRA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ZBRA?

Other financial metrics that can be useful for relative valuation.

ZBRA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA15.1x
PEG Ratio1.5x

Price to Earnings Ratio vs Peers

How does ZBRA's PE Ratio compare to its peers?

ZBRA PE Ratio vs Peers
The above table shows the PE ratio for ZBRA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.8x
TRMB Trimble
30.8x15.4%US$15.1b
TDY Teledyne Technologies
30.9x11.9%US$17.7b
KEYS Keysight Technologies
25x10.3%US$25.5b
CGNX Cognex
28.5x15.9%US$7.9b
ZBRA Zebra Technologies
20x13.5%US$16.3b

Price-To-Earnings vs Peers: ZBRA is good value based on its Price-To-Earnings Ratio (20x) compared to the peer average (28.8x).


Price to Earnings Ratio vs Industry

How does ZBRA's PE Ratio compare vs other companies in the US Electronic Industry?

Price-To-Earnings vs Industry: ZBRA is expensive based on its Price-To-Earnings Ratio (20x) compared to the US Electronic industry average (17.6x)


Price to Earnings Ratio vs Fair Ratio

What is ZBRA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ZBRA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio20x
Fair PE Ratio23.5x

Price-To-Earnings vs Fair Ratio: ZBRA is good value based on its Price-To-Earnings Ratio (20x) compared to the estimated Fair Price-To-Earnings Ratio (23.5x).


Share Price vs Fair Value

What is the Fair Price of ZBRA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ZBRA ($309.83) is trading below our estimate of fair value ($662.14)

Significantly Below Fair Value: ZBRA is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: ZBRA is poor value based on its PEG Ratio (1.5x)


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Future Growth

How is Zebra Technologies forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ZBRA's forecast earnings growth (13.5% per year) is above the savings rate (1.9%).

Earnings vs Market: ZBRA's earnings (13.5% per year) are forecast to grow slower than the US market (13.9% per year).

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

Revenue vs Market: ZBRA's revenue (6.3% per year) is forecast to grow slower than the US market (8.4% per year).

High Growth Revenue: ZBRA's revenue (6.3% 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 (28.4%)


Discover growth companies

Past Performance

How has Zebra Technologies performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


41.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ZBRA has high quality earnings.

Growing Profit Margin: ZBRA's current net profit margins (14.3%) are higher than last year (13.5%).


Past Earnings Growth Analysis

Earnings Trend: ZBRA has become profitable over the past 5 years, growing earnings by 41.9% per year.

Accelerating Growth: ZBRA's earnings growth over the past year (26.9%) is below its 5-year average (41.9% per year).

Earnings vs Industry: ZBRA earnings growth over the past year (26.9%) underperformed the Electronic industry 33%.


Return on Equity

High ROE: ZBRA's Return on Equity (28%) is considered high.


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Financial Health

How is Zebra Technologies's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ZBRA's short term assets ($1.6B) do not cover its short term liabilities ($1.8B).

Long Term Liabilities: ZBRA's short term assets ($1.6B) exceed its long term liabilities ($1.4B).


Debt to Equity History and Analysis

Debt Level: ZBRA's net debt to equity ratio (33%) is considered satisfactory.

Reducing Debt: ZBRA's debt to equity ratio has reduced from 326.1% to 37.9% over the past 5 years.

Debt Coverage: ZBRA's debt is well covered by operating cash flow (81.7%).

Interest Coverage: ZBRA earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

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.


Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as ZBRA has not reported any payouts.


Discover strong dividend paying companies

Management

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

6.1yrs

Average management tenure


CEO

Anders Gustafsson (61 yo)

14.75yrs

Tenure

US$13,589,616

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 ($USD13.59M) is about average for companies of similar size in the US market ($USD13.43M).

Compensation vs Earnings: Anders's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: ZBRA's management team is seasoned and experienced (6.1 years average tenure).


Board Members

Experienced Board: ZBRA's board of directors are considered experienced (8.7 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 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
  • Implied Market Cap: US$16.270b
  • Shares outstanding: 52.51m
  • 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 Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/04/02
Annual Earnings2021/12/31


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.