ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) Stock Fundamental Analysis
USA - NASDAQ:ZBRA - US9892071054 - Common Stock
296.64 USD
-5.3 (-1.76%)
296.64 USD
0 (0%)
Overall ZBRA gets a fundamental rating of 6 out of 10. We evaluated ZBRA against 124 industry peers in the Electronic Equipment, Instruments & Components industry. While ZBRA belongs to the best of the industry regarding profitability, there are some minor concerns on its financial health. ZBRA has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
ZBRA had positive earnings in the past year.
ZBRA had a positive operating cash flow in the past year.
ZBRA had positive earnings in each of the past 5 years.
Of the past 5 years ZBRA 4 years had a positive operating cash flow.
1.2 Ratios
With an excellent Return On Assets value of 6.90%, ZBRA belongs to the best of the industry, outperforming 85.48% of the companies in the same industry.
ZBRA has a better Return On Equity (15.15%) than 84.68% of its industry peers.
ZBRA's Return On Invested Capital of 10.95% is amongst the best of the industry. ZBRA outperforms 86.29% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for ZBRA is above the industry average of 9.44%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.9% | ||
| ROE | 15.15% | ||
| ROIC | 10.95% |
ROA(3y)5.61%
ROA(5y)7.93%
ROE(3y)13.8%
ROE(5y)18.59%
ROIC(3y)11.59%
ROIC(5y)14.22%
1.3 Margins
ZBRA has a Profit Margin of 10.56%. This is amongst the best in the industry. ZBRA outperforms 85.48% of its industry peers.
ZBRA's Profit Margin has declined in the last couple of years.
With an excellent Operating Margin value of 15.59%, ZBRA belongs to the best of the industry, outperforming 89.52% of the companies in the same industry.
ZBRA's Operating Margin has been stable in the last couple of years.
With an excellent Gross Margin value of 48.59%, ZBRA belongs to the best of the industry, outperforming 83.87% of the companies in the same industry.
ZBRA's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.59% | ||
| PM (TTM) | 10.56% | ||
| GM | 48.59% |
OM growth 3Y-5.09%
OM growth 5Y-0.99%
PM growth 3Y-10.68%
PM growth 5Y-2.66%
GM growth 3Y1.23%
GM growth 5Y0.68%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so ZBRA is still creating some value.
Compared to 1 year ago, ZBRA has more shares outstanding
Compared to 5 years ago, ZBRA has less shares outstanding
ZBRA has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 4.13 indicates that ZBRA is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 4.13, ZBRA is doing good in the industry, outperforming 60.48% of the companies in the same industry.
The Debt to FCF ratio of ZBRA is 2.55, which is a good value as it means it would take ZBRA, 2.55 years of fcf income to pay off all of its debts.
With a decent Debt to FCF ratio value of 2.55, ZBRA is doing good in the industry, outperforming 75.00% of the companies in the same industry.
ZBRA has a Debt/Equity ratio of 0.59. This is a neutral value indicating ZBRA is somewhat dependend on debt financing.
With a Debt to Equity ratio value of 0.59, ZBRA is not doing good in the industry: 76.61% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 4.13 |
ROIC/WACC1.24
WACC8.82%
2.3 Liquidity
ZBRA has a Current Ratio of 1.46. This is a normal value and indicates that ZBRA is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Current ratio, with a value of 1.46, ZBRA is doing worse than 76.61% of the companies in the same industry.
ZBRA has a Quick Ratio of 1.03. This is a normal value and indicates that ZBRA is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.03, ZBRA is not doing good in the industry: 75.81% of the companies in the same industry are doing better.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.03 |
3. Growth
3.1 Past
ZBRA shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 75.81%, which is quite impressive.
ZBRA shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 0.88% yearly.
ZBRA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.12%.
The Revenue has been growing slightly by 2.12% on average over the past years.
EPS 1Y (TTM)75.81%
EPS 3Y-9.87%
EPS 5Y0.88%
EPS Q2Q%13.52%
Revenue 1Y (TTM)19.12%
Revenue growth 3Y-3.98%
Revenue growth 5Y2.12%
Sales Q2Q%6.24%
3.2 Future
ZBRA is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.88% yearly.
Based on estimates for the next years, ZBRA will show a small growth in Revenue. The Revenue will grow by 6.24% on average per year.
EPS Next Y16.67%
EPS Next 2Y14.49%
EPS Next 3Y12.83%
EPS Next 5Y14.88%
Revenue Next Year6.69%
Revenue Next 2Y7.23%
Revenue Next 3Y6.53%
Revenue Next 5Y6.24%
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
A Price/Earnings ratio of 19.62 indicates a rather expensive valuation of ZBRA.
Based on the Price/Earnings ratio, ZBRA is valued cheaper than 82.26% of the companies in the same industry.
ZBRA is valuated rather cheaply when we compare the Price/Earnings ratio to 27.90, which is the current average of the S&P500 Index.
ZBRA is valuated correctly with a Price/Forward Earnings ratio of 16.75.
ZBRA's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. ZBRA is cheaper than 79.84% of the companies in the same industry.
ZBRA's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 23.36.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.62 | ||
| Fwd PE | 16.75 |
4.2 Price Multiples
ZBRA's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. ZBRA is cheaper than 66.94% of the companies in the same industry.
ZBRA's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ZBRA is cheaper than 87.90% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 17.68 | ||
| EV/EBITDA | 16.99 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
The excellent profitability rating of ZBRA may justify a higher PE ratio.
A more expensive valuation may be justified as ZBRA's earnings are expected to grow with 12.83% in the coming years.
PEG (NY)1.18
PEG (5Y)22.26
EPS Next 2Y14.49%
EPS Next 3Y12.83%
5. Dividend
5.1 Amount
ZBRA does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
296.64
-5.3 (-1.76%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners95.75%
Inst Owner Change0%
Ins Owners0.7%
Ins Owner Change0.04%
Market Cap15.08B
Analysts78.33
Price Target369.68 (24.62%)
Short Float %2.39%
Short Ratio2.18
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)7.72%
Min EPS beat(2)6.47%
Max EPS beat(2)8.97%
EPS beat(4)3
Avg EPS beat(4)5.15%
Min EPS beat(4)-0.59%
Max EPS beat(4)8.97%
EPS beat(8)7
Avg EPS beat(8)6.45%
EPS beat(12)8
Avg EPS beat(12)3.24%
EPS beat(16)12
Avg EPS beat(16)3.69%
Revenue beat(2)0
Avg Revenue beat(2)-1.03%
Min Revenue beat(2)-1.45%
Max Revenue beat(2)-0.61%
Revenue beat(4)1
Avg Revenue beat(4)-0.4%
Min Revenue beat(4)-1.45%
Max Revenue beat(4)1.13%
Revenue beat(8)4
Avg Revenue beat(8)0%
Revenue beat(12)5
Avg Revenue beat(12)-1.49%
Revenue beat(16)7
Avg Revenue beat(16)-1.04%
PT rev (1m)0%
PT rev (3m)14.1%
EPS NQ rev (1m)0%
EPS NQ rev (3m)11.36%
EPS NY rev (1m)0.42%
EPS NY rev (3m)7.4%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)1.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.62 | ||
| Fwd PE | 16.75 | ||
| P/S | 2.91 | ||
| P/FCF | 17.68 | ||
| P/OCF | 16.31 | ||
| P/B | 4.17 | ||
| P/tB | N/A | ||
| EV/EBITDA | 16.99 |
EPS(TTM)15.12
EY5.1%
EPS(NY)17.71
Fwd EY5.97%
FCF(TTM)16.77
FCFY5.65%
OCF(TTM)18.19
OCFY6.13%
SpS102.06
BVpS71.13
TBVpS-14.04
PEG (NY)1.18
PEG (5Y)22.26
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.9% | ||
| ROE | 15.15% | ||
| ROCE | 12.75% | ||
| ROIC | 10.95% | ||
| ROICexc | 12.7% | ||
| ROICexgc | 60.9% | ||
| OM | 15.59% | ||
| PM (TTM) | 10.56% | ||
| GM | 48.59% | ||
| FCFM | 16.44% |
ROA(3y)5.61%
ROA(5y)7.93%
ROE(3y)13.8%
ROE(5y)18.59%
ROIC(3y)11.59%
ROIC(5y)14.22%
ROICexc(3y)12.35%
ROICexc(5y)15.17%
ROICexgc(3y)83.03%
ROICexgc(5y)N/A
ROCE(3y)13.49%
ROCE(5y)16.56%
ROICexcg growth 3Y-36.88%
ROICexcg growth 5Y-17.49%
ROICexc growth 3Y-16.79%
ROICexc growth 5Y-8.38%
OM growth 3Y-5.09%
OM growth 5Y-0.99%
PM growth 3Y-10.68%
PM growth 5Y-2.66%
GM growth 3Y1.23%
GM growth 5Y0.68%
F-Score9
Asset Turnover0.65
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 2.55 | ||
| Debt/EBITDA | 2.17 | ||
| Cap/Depr | 42.11% | ||
| Cap/Sales | 1.39% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 94.39% | ||
| Profit Quality | 155.66% | ||
| Current Ratio | 1.46 | ||
| Quick Ratio | 1.03 | ||
| Altman-Z | 4.13 |
F-Score9
WACC8.82%
ROIC/WACC1.24
Cap/Depr(3y)40.17%
Cap/Depr(5y)39.59%
Cap/Sales(3y)1.46%
Cap/Sales(5y)1.39%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)75.81%
EPS 3Y-9.87%
EPS 5Y0.88%
EPS Q2Q%13.52%
EPS Next Y16.67%
EPS Next 2Y14.49%
EPS Next 3Y12.83%
EPS Next 5Y14.88%
Revenue 1Y (TTM)19.12%
Revenue growth 3Y-3.98%
Revenue growth 5Y2.12%
Sales Q2Q%6.24%
Revenue Next Year6.69%
Revenue Next 2Y7.23%
Revenue Next 3Y6.53%
Revenue Next 5Y6.24%
EBIT growth 1Y68.19%
EBIT growth 3Y-8.88%
EBIT growth 5Y1.11%
EBIT Next Year21.56%
EBIT Next 3Y13.7%
EBIT Next 5Y11.57%
FCF growth 1Y484.25%
FCF growth 3Y-1.88%
FCF growth 5Y8.86%
OCF growth 1Y312.95%
OCF growth 3Y-1.78%
OCF growth 5Y8.14%