ZEBRA TECHNOLOGIES CORP-CL A (ZBRA)
US9892071054 - Common Stock
ZBRA gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 127 industry peers in the Electronic Equipment, Instruments & Components industry. While ZBRA has a great profitability rating, there are quite some concerns on its financial health. While showing a medium growth rate, ZBRA is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
In the past year ZBRA was profitable.
ZBRA had a negative operating cash flow in the past year.
Each year in the past 5 years ZBRA has been profitable.
Of the past 5 years ZBRA 4 years had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 4.05%, ZBRA is in the better half of the industry, outperforming 63.49% of the companies in the same industry.
Looking at the Return On Equity, with a value of 9.75%, ZBRA is in the better half of the industry, outperforming 69.84% of the companies in the same industry.
The Return On Invested Capital of ZBRA (8.90%) is better than 72.22% of its industry peers.
ZBRA had an Average Return On Invested Capital over the past 3 years of 14.81%. This is significantly above the industry average of 9.44%.
The last Return On Invested Capital (8.90%) for ZBRA is well below the 3 year average (14.81%), which needs to be investigated, but indicates that ZBRA had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.05% | ||
| ROE | 9.75% | ||
| ROIC | 8.9% |
ROA(3y)7.89%
ROA(5y)8.92%
ROE(3y)18.25%
ROE(5y)21.57%
ROIC(3y)14.81%
ROIC(5y)16.07%
1.3 Margins
ZBRA's Profit Margin of 6.46% is fine compared to the rest of the industry. ZBRA outperforms 73.81% of its industry peers.
In the last couple of years the Profit Margin of ZBRA has declined.
The Operating Margin of ZBRA (12.76%) is better than 84.13% of its industry peers.
ZBRA's Operating Margin has declined in the last couple of years.
ZBRA has a better Gross Margin (46.31%) than 83.33% of its industry peers.
ZBRA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 12.76% | ||
| PM (TTM) | 6.46% | ||
| GM | 46.31% |
OM growth 3Y-6.07%
OM growth 5Y-3.07%
PM growth 3Y-17.09%
PM growth 5Y-8.34%
GM growth 3Y0.94%
GM growth 5Y-0.28%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), ZBRA is creating some value.
ZBRA has less shares outstanding than it did 1 year ago.
ZBRA has less shares outstanding than it did 5 years ago.
The debt/assets ratio for ZBRA is higher compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.88 indicates that ZBRA is not in any danger for bankruptcy at the moment.
The Altman-Z score of ZBRA (3.88) is better than 70.63% of its industry peers.
A Debt/Equity ratio of 0.67 indicates that ZBRA is somewhat dependend on debt financing.
The Debt to Equity ratio of ZBRA (0.67) is worse than 80.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 3.88 |
ROIC/WACC0.98
WACC9.12%
2.3 Liquidity
A Current Ratio of 1.05 indicates that ZBRA should not have too much problems paying its short term obligations.
With a Current ratio value of 1.05, ZBRA is not doing good in the industry: 88.10% of the companies in the same industry are doing better.
A Quick Ratio of 0.54 indicates that ZBRA may have some problems paying its short term obligations.
ZBRA's Quick ratio of 0.54 is on the low side compared to the rest of the industry. ZBRA is outperformed by 90.48% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.54 |
3. Growth
3.1 Past
ZBRA shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -43.91%.
ZBRA shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -2.30% yearly.
ZBRA shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -20.71%.
The Revenue has been growing slightly by 1.68% on average over the past years.
EPS 1Y (TTM)-43.91%
EPS 3Y-8.51%
EPS 5Y-2.3%
EPS growth Q2Q-64%
Revenue 1Y (TTM)-20.71%
Revenue growth 3Y1.01%
Revenue growth 5Y1.68%
Revenue growth Q2Q-32.87%
3.2 Future
ZBRA is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.04% yearly.
Based on estimates for the next years, ZBRA will show a quite strong growth in Revenue. The Revenue will grow by 12.33% on average per year.
EPS Next Y15.25%
EPS Next 2Y21.16%
EPS Next 3Y19.22%
EPS Next 5Y25.04%
Revenue Next Year2.25%
Revenue Next 2Y5.17%
Revenue Next 3Y5.74%
Revenue Next 5Y12.33%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings ratio is 30.30, which means the current valuation is very expensive for ZBRA.
ZBRA's Price/Earnings is on the same level as the industry average.
ZBRA is valuated rather expensively when we compare the Price/Earnings ratio to 24.92, which is the current average of the S&P500 Index.
A Price/Forward Earnings ratio of 26.29 indicates a quite expensive valuation of ZBRA.
ZBRA's Price/Forward Earnings ratio is in line with the industry average.
The average S&P500 Price/Forward Earnings ratio is at 21.49. ZBRA is valued slightly more expensive when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.3 | ||
| Fwd PE | 26.29 |
4.2 Price Multiples
ZBRA's Enterprise Value to EBITDA is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 22.81 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates ZBRA does not grow enough to justify the current Price/Earnings ratio.
ZBRA has a very decent profitability rating, which may justify a higher PE ratio.
ZBRA's earnings are expected to grow with 19.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.99
PEG (5Y)N/A
EPS Next 2Y21.16%
EPS Next 3Y19.22%
5. Dividend
5.1 Amount
ZBRA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
ZEBRA TECHNOLOGIES CORP-CL A
NASDAQ:ZBRA (4/26/2024, 7:25:45 PM)
After market: 297.4 +0.19 (+0.06%)297.21
+4.68 (+1.6%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners
Inst Owner Change
Ins Owners
Ins Owner Change
Market Cap15.28B
Analysts
Price Target
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Dividend Growth(5Y)
DP
Div Incr Years
Div Non Decr Years
Ex-Date
Surprises & Revisions
EPS beat(2)
Avg EPS beat(2)
Min EPS beat(2)
Max EPS beat(2)
EPS beat(4)
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EPS beat(8)
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EPS beat(12)
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EPS beat(16)
Avg EPS beat(16)
Revenue beat(2)
Avg Revenue beat(2)
Min Revenue beat(2)
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Revenue beat(4)
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Revenue beat(8)
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Revenue beat(12)
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Revenue beat(16)
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PT rev (1m)
PT rev (3m)
EPS NQ rev (1m)
EPS NQ rev (3m)
EPS NY rev (1m)
EPS NY rev (3m)
Revenue NQ rev (1m)
Revenue NQ rev (3m)
Revenue NY rev (1m)
Revenue NY rev (3m)
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.3 | ||
| Fwd PE | 26.29 | ||
| P/S | |||
| P/FCF | |||
| P/OCF | |||
| P/B | |||
| P/tB | |||
| EV/EBITDA |
EPS(TTM)
EY
EPS(NY)
Fwd EY
FCF(TTM)
FCFY
OCF(TTM)
OCFY
SpS
BVpS
TBVpS
PEG (NY)1.99
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 4.05% | ||
| ROE | 9.75% | ||
| ROCE | |||
| ROIC | |||
| ROICexc | |||
| ROICexgc | |||
| OM | 12.76% | ||
| PM (TTM) | 6.46% | ||
| GM | 46.31% | ||
| FCFM |
ROA(3y)
ROA(5y)
ROE(3y)
ROE(5y)
ROIC(3y)
ROIC(5y)
ROICexc(3y)
ROICexc(5y)
ROICexgc(3y)
ROICexgc(5y)
ROCE(3y)
ROCE(5y)
ROICexcg growth 3Y
ROICexcg growth 5Y
ROICexc growth 3Y
ROICexc growth 5Y
OM growth 3Y
OM growth 5Y
PM growth 3Y
PM growth 5Y
GM growth 3Y
GM growth 5Y
F-Score
Asset Turnover0.63
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.67 | ||
| Debt/FCF | |||
| Debt/EBITDA | |||
| Cap/Depr | |||
| Cap/Sales | |||
| Interest Coverage | |||
| Cash Conversion | |||
| Profit Quality | |||
| Current Ratio | 1.05 | ||
| Quick Ratio | 0.54 | ||
| Altman-Z |
F-Score
WACC
ROIC/WACC
Cap/Depr(3y)
Cap/Depr(5y)
Cap/Sales(3y)
Cap/Sales(5y)
Profit Quality(3y)
Profit Quality(5y)
Growth
EPS 1Y (TTM)-43.91%
EPS 3Y-8.51%
EPS 5Y
EPS growth Q2Q
EPS Next Y15.25%
EPS Next 2Y
EPS Next 3Y
EPS Next 5Y
Revenue 1Y (TTM)-20.71%
Revenue growth 3Y1.01%
Revenue growth 5Y
Revenue growth Q2Q
Revenue Next Year
Revenue Next 2Y
Revenue Next 3Y
Revenue Next 5Y
EBIT growth 1Y
EBIT growth 3Y
EBIT growth 5Y
EBIT Next Year
EBIT Next 3Y
EBIT Next 5Y
FCF growth 1Y
FCF growth 3Y
FCF growth 5Y
OCF growth 1Y
OCF growth 3Y
OCF growth 5Y