ZEBRA TECHNOLOGIES CORP-CL A (ZBRA) Stock Fundamental Analysis
USA - NASDAQ:ZBRA - US9892071054 - Common Stock
317.32 USD
-1.09 (-0.34%)
317.32 USD
0 (0%)
We assign a fundamental rating of 6 out of 10 to ZBRA. ZBRA was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. ZBRA scores excellent on profitability, but there are some minor concerns on its financial health. ZBRA has a correct valuation and a medium growth rate.
1. Profitability
1.1 Basic Checks
In the past year ZBRA was profitable.
ZBRA had a positive operating cash flow in the past year.
In the past 5 years ZBRA has always been profitable.
Of the past 5 years ZBRA 4 years had a positive operating cash flow.
1.2 Ratios
ZBRA's Return On Assets of 6.90% is amongst the best of the industry. ZBRA outperforms 85.60% of its industry peers.
ZBRA has a Return On Equity of 15.15%. This is amongst the best in the industry. ZBRA outperforms 84.80% of its industry peers.
The Return On Invested Capital of ZBRA (10.95%) is better than 85.60% of its industry peers.
ZBRA had an Average Return On Invested Capital over the past 3 years of 11.59%. This is above the industry average of 9.48%.
| 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
With an excellent Profit Margin value of 10.56%, ZBRA belongs to the best of the industry, outperforming 86.40% of the companies in the same industry.
ZBRA's Profit Margin has declined in the last couple of years.
ZBRA's Operating Margin of 15.59% is amongst the best of the industry. ZBRA outperforms 88.80% of its industry peers.
In the last couple of years the Operating Margin of ZBRA has remained more or less at the same level.
The Gross Margin of ZBRA (48.59%) is better than 84.00% of its industry peers.
In the last couple of years the Gross Margin of ZBRA has remained more or less at the same level.
| 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
ZBRA has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
Compared to 1 year ago, ZBRA has more shares outstanding
The number of shares outstanding for ZBRA has been reduced compared to 5 years ago.
The debt/assets ratio for ZBRA has been reduced compared to a year ago.
2.2 Solvency
ZBRA has an Altman-Z score of 4.25. This indicates that ZBRA is financially healthy and has little risk of bankruptcy at the moment.
ZBRA has a Altman-Z score of 4.25. This is in the better half of the industry: ZBRA outperforms 62.40% of its industry peers.
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.
Looking at the Debt to FCF ratio, with a value of 2.55, ZBRA is in the better half of the industry, outperforming 74.40% of the companies in the same industry.
A Debt/Equity ratio of 0.59 indicates that ZBRA is somewhat dependend on debt financing.
ZBRA has a Debt to Equity ratio of 0.59. This is in the lower half of the industry: ZBRA underperforms 75.20% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.59 | ||
| Debt/FCF | 2.55 | ||
| Altman-Z | 4.25 |
ROIC/WACC1.22
WACC8.97%
2.3 Liquidity
A Current Ratio of 1.46 indicates that ZBRA should not have too much problems paying its short term obligations.
The Current ratio of ZBRA (1.46) is worse than 76.00% of its industry peers.
A Quick Ratio of 1.03 indicates that ZBRA should not have too much problems paying its short term obligations.
The Quick ratio of ZBRA (1.03) is worse than 76.00% of its industry peers.
| 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.
Measured over the past 5 years, ZBRA shows a small growth in Earnings Per Share. The EPS has been growing by 0.88% on average per year.
ZBRA shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 19.12%.
ZBRA shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 2.12% yearly.
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.
ZBRA is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.24% yearly.
EPS Next Y16.18%
EPS Next 2Y14.49%
EPS Next 3Y12.83%
EPS Next 5Y14.88%
Revenue Next Year6.69%
Revenue Next 2Y7.01%
Revenue Next 3Y6.27%
Revenue Next 5Y6.24%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
ZBRA is valuated rather expensively with a Price/Earnings ratio of 20.99.
79.20% of the companies in the same industry are more expensive than ZBRA, based on the Price/Earnings ratio.
ZBRA's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 27.20.
The Price/Forward Earnings ratio is 17.92, which indicates a rather expensive current valuation of ZBRA.
Based on the Price/Forward Earnings ratio, ZBRA is valued a bit cheaper than the industry average as 75.20% of the companies are valued more expensively.
When comparing the Price/Forward Earnings ratio of ZBRA to the average of the S&P500 Index (22.70), we can say ZBRA is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.99 | ||
| Fwd PE | 17.92 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, ZBRA is valued a bit cheaper than 66.40% of the companies in the same industry.
Based on the Price/Free Cash Flow ratio, ZBRA is valued cheaply inside the industry as 85.60% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 18.92 | ||
| EV/EBITDA | 17.85 |
4.3 Compensation for Growth
ZBRA's 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.
ZBRA's earnings are expected to grow with 12.83% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.3
PEG (5Y)23.81
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 |
317.32
-1.09 (-0.34%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners92.77%
Inst Owner Change2.5%
Ins Owners0.7%
Ins Owner Change0.03%
Market Cap16.14B
Analysts78.33
Price Target369.68 (16.5%)
Short Float %2.04%
Short Ratio1.93
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)3.92%
PT rev (3m)13.83%
EPS NQ rev (1m)1.51%
EPS NQ rev (3m)11.33%
EPS NY rev (1m)6.8%
EPS NY rev (3m)6.58%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)1.36%
Revenue NY rev (1m)0.69%
Revenue NY rev (3m)0.75%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.99 | ||
| Fwd PE | 17.92 | ||
| P/S | 3.11 | ||
| P/FCF | 18.92 | ||
| P/OCF | 17.44 | ||
| P/B | 4.46 | ||
| P/tB | N/A | ||
| EV/EBITDA | 17.85 |
EPS(TTM)15.12
EY4.76%
EPS(NY)17.71
Fwd EY5.58%
FCF(TTM)16.77
FCFY5.29%
OCF(TTM)18.19
OCFY5.73%
SpS102.06
BVpS71.13
TBVpS-14.04
PEG (NY)1.3
PEG (5Y)23.81
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 | 4.25 |
F-Score9
WACC8.97%
ROIC/WACC1.22
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 Y16.18%
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 2Y7.01%
Revenue Next 3Y6.27%
Revenue Next 5Y6.24%
EBIT growth 1Y68.19%
EBIT growth 3Y-8.88%
EBIT growth 5Y1.11%
EBIT Next Year15.2%
EBIT Next 3Y11.42%
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%