NasdaqGS:ZBRA

Stock Analysis Report

Executive Summary

Zebra Technologies Corporation, together with its subsidiaries, designs, manufactures, and sells a range of automatic identification and data capture (AIDC) products worldwide.

Snowflake

Fundamentals

Solid track record with limited growth.


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


Market Performance


7 Day Return

-0.7%

ZBRA

-2.3%

US Electronic

-0.6%

US Market


1 Year Return

16.3%

ZBRA

-2.9%

US Electronic

0.6%

US Market

ZBRA outperformed the Electronic industry which returned -1.9% over the past year.

ZBRA outperformed the Market in United States of America which returned 1.1% over the past year.


Share holder returns

ZBRAIndustryMarket
7 Day-0.7%-2.3%-0.6%
30 Day-1.0%4.4%2.2%
90 Day1.8%0.2%1.1%
1 Year16.3%16.3%-1.9%-2.9%2.9%0.6%
3 Year195.2%195.2%49.3%45.2%44.6%35.2%
5 Year176.1%176.1%69.8%61.4%61.9%44.2%

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

4 weeks ago | Simply Wall St

The Independent Director of Zebra Technologies Corporation (NASDAQ:ZBRA), Chirantan Desai, Just Sold 33.2% Of Their Holding

Valuation

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

5%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Zebra Technologies's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Zebra Technologies's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Zebra Technologies is overvalued based on earnings compared to the US Electronic industry average.

Zebra Technologies is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Zebra Technologies is poor value based on expected growth next year.


Price Based on Value of Assets

Zebra Technologies is overvalued based on assets compared to the US Electronic industry average.


Next Steps

Future Growth

How is Zebra Technologies expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

11.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Zebra Technologies's revenue is expected to grow by 4.4% yearly, however this is not considered high growth (20% yearly).

Zebra Technologies's earnings are expected to grow by 11.7% yearly, however this is not considered high growth (20% yearly).

Zebra Technologies's revenue growth is positive but not above the United States of America market average.

Zebra Technologies's earnings growth is positive but not above the United States of America market average.

Zebra Technologies's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Zebra Technologies is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).


Next Steps

Past Performance

How has Zebra Technologies performed over the past 5 years?

50.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Zebra Technologies has delivered over 20% year on year earnings growth in the past 5 years.

Zebra Technologies's 1-year earnings growth exceeds its 5-year average (182.2% vs 50.5%)

Zebra Technologies's earnings growth has exceeded the US Electronic industry average in the past year (182.2% vs 49.8%).


Return on Equity

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.


Return on Assets

Zebra Technologies used its assets more efficiently than the US Electronic industry average last year based on Return on Assets.


Return on Capital Employed

Zebra Technologies has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Zebra Technologies's financial position?


Financial Position Analysis

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.


Debt to Equity History and Analysis

Zebra Technologies's level of debt (111.2%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (0.2% vs 111.2% today).

Debt is well covered by operating cash flow (41.2%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6x coverage).


Balance Sheet

Low level of unsold assets.

Debt is not covered by short term assets, assets are 0.7x debt.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

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.

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

Unable to calculate sustainability of dividends as Zebra Technologies has not reported any payouts.


Future Payout to Shareholders

No need to calculate the sustainability of Zebra Technologies's dividends in 3 years as they are not expected to pay a notable one for United States of America.


Next Steps

Management

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

4.3yrs

Average management tenure


CEO

Anders Gustafsson (59yo)

12yrs

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

Anders's remuneration is about average for companies of similar size in United States of America.

Anders's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.3yrs

Average Tenure

53yo

Average Age

The tenure for the Zebra Technologies management team is about average.


Board Age and Tenure

11.3yrs

Average Tenure

63.5yo

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.


Insider Trading

Zebra Technologies individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$303,60413 Sep 19
Colleen O'Sullivan
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares1,549
Max PriceUS$196.00
SellUS$408,65521 Aug 19
Chirantan Desai
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares1,978
Max PriceUS$206.60
SellUS$913,61520 Jun 19
Michael Cho
EntityIndividual
Shares4,556
Max PriceUS$200.53
SellUS$1,005,25019 Jun 19
William Burns
EntityIndividual
Role
Senior Key Executive
Senior VP
Shares5,000
Max PriceUS$201.05
SellUS$552,12919 Jun 19
Olivier Leonetti
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares2,745
Max PriceUS$201.14
SellUS$247,43119 Jun 19
Cristen Kogl
EntityIndividual
Shares1,231
Max PriceUS$201.00
SellUS$4,009,00019 Jun 19
Anders Gustafsson
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares20,000
Max PriceUS$200.45
SellUS$773,13518 Jun 19
Jeffrey Schmitz
EntityIndividual
Shares4,019
Max PriceUS$192.37
SellUS$1,780,95912 Jun 19
Michael Terzich
EntityIndividual
Role
Chief Administrative Officer
Senior VP & Chief Administrative Officer
Shares9,175
Max PriceUS$194.11
SellUS$682,50012 Jun 19
Olivier Leonetti
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares3,500
Max PriceUS$195.00
SellUS$2,004,12014 Mar 19
Richard Keyser
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares9,500
Max PriceUS$210.96
SellUS$385,92901 Mar 19
Jeffrey Schmitz
EntityIndividual
Shares1,913
Max PriceUS$201.74
SellUS$5,767,11627 Feb 19
Anders Gustafsson
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares28,027
Max PriceUS$205.77
SellUS$2,569,03526 Feb 19
Michael Smith
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares12,500
Max PriceUS$206.10
SellUS$156,78826 Feb 19
William Burns
EntityIndividual
Role
Senior Key Executive
Senior VP
Shares764
Max PriceUS$205.22
SellUS$2,426,74521 Feb 19
Michael Smith
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares12,011
Max PriceUS$202.73
SellUS$2,623,82421 Feb 19
Anders Gustafsson
EntityIndividual
Role
Chief Executive Officer
CEO & Director
Shares13,073
Max PriceUS$200.73
SellUS$6,053,30916 Nov 18
Andrew Ludwick
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares34,000
Max PriceUS$179.50
SellUS$254,84913 Nov 18
Michael Cho
EntityIndividual
Shares1,393
Max PriceUS$182.95
SellUS$452,30013 Nov 18
Joachim Heel
EntityIndividual
Role
Head of Sales
Senior Vice President of Global Sales
Shares2,480
Max PriceUS$182.47

Ownership Breakdown


Management Team

  • Anders Gustafsson (59yo)

    CEO & Director

    • Tenure: 12yrs
    • Compensation: US$9.50m
  • Mike Terzich (57yo)

    Senior VP & Chief Administrative Officer

    • Tenure: 4.8yrs
    • Compensation: US$1.78m
  • Joe Heel (53yo)

    Senior Vice President of Global Sales

    • Tenure: 5yrs
    • Compensation: US$2.20m
  • Colleen O'Sullivan (52yo)

    VP & Chief Accounting Officer

    • Tenure: 3.1yrs
  • Mike Steele (46yo)

    Vice President of Investor Relations

    • Tenure: 0yrs
  • Olivier Leonetti (54yo)

    Chief Financial Officer

    • Tenure: 2.8yrs
    • Compensation: US$3.09m
  • Bill Burns (51yo)

    Senior VP

    • Tenure: 4.3yrs
    • Compensation: US$2.60m
  • Bill Cate

    Vice President of Channel Strategy & Operations

    • Tenure: 0yrs
  • Tom Bianculli

    Chief Technology Officer

    • Tenure: 3yrs
  • Deepak Kaul

    Chief Information Officer

    • Tenure: 0yrs

Board Members

  • Janice Roberts (63yo)

    Independent Director

    • Tenure: 5.9yrs
    • Compensation: US$270.14k
  • Richard Keyser (76yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$287.64k
  • Andy Ludwick (73yo)

    Independent Director

    • Tenure: 11.3yrs
    • Compensation: US$270.14k
  • Ross Manire (67yo)

    Independent Director

    • Tenure: 16.2yrs
    • Compensation: US$277.64k
  • Michael Smith (64yo)

    Chairman of the Board

    • Tenure: 12yrs
    • Compensation: US$380.14k
  • Anders Gustafsson (59yo)

    CEO & Director

    • Tenure: 12yrs
    • Compensation: US$9.50m
  • CJ Desai (48yo)

    Independent Director

    • Tenure: 3.8yrs
    • Compensation: US$270.14k
  • Frank Modruson (59yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$270.14k

Company Information

Zebra Technologies Corporation's company bio, 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$11.022b
  • Shares outstanding: 54.12m
  • Website: https://www.zebra.com

Number of Employees


Location

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

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ZBRANasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDAug 1991
ZT1ADB (Deutsche Boerse AG)YesClass A Common StockDEEURAug 1991

Biography

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 ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/20 23:47
End of Day Share Price2019/09/20 00:00
Earnings2019/06/29
Annual Earnings2018/12/31


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.