Zebra Technologies Corp Stock Research

Market Summary

USD264.72+5.03

Delayed

1.94%

ZBRA Stock Price

ZBRA RSI Chart

ZBRA Valuation

Market Cap

14.9B

Price/Earnings (Trailing)

30.01

Price/Sales (Trailing)

2.57

EV/EBITDA

22.12

Price/Free Cashflow

24.1

ZBRA Price/Sales (Trailing)

ZBRA Profitability

EBT Margin

9.41%

Return on Equity

16.94%

Return on Assets

6.15%

Free Cashflow Yield

4.15%

ZBRA Fundamentals

ZBRA Revenue

Revenue (TTM)

5.8B

Revenue Y/Y

-1.89%

Revenue Q/Q

-6.52%

ZBRA Earnings

Earnings (TTM)

408.0M

Earnings Y/Y

-26.83%

Earnings Q/Q

-19.35%

Price Action

52 Week Range

224.87365.97

(Low)(High)

Last 7 days

-5.7%

Last 30 days

-5.6%

Last 90 days

-9.3%

Trailing 12 Months

-20.4%

ZBRA Financial Health

Current Ratio

0.81

Debt/Equity

0.77

Debt/Cashflow

0.23

ZBRA Investor Care

Diluted EPS (TTM)

7.84

Peers (Alternatives to Zebra Tech)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
KEYS	28.8B	5.6B	14.43%	14.42%	24.91	5.18	10.78%	21.45%
GLW	26.5B	13.7B	-2.20%	-8.33%	28.4	1.93	-5.42%	-50.77%
ZBRA	14.9B	5.8B	-5.60%	-20.38%	30.01	2.57	0.74%	-49.88%
JBL	12.2B	35.1B	18.57%	53.23%	12.67	0.35	14.26%	19.33%
MID-CAP
CGNX	9.5B	924.8M	16.59%	19.09%	54.44	10.23	-14.41%	-37.34%
COHR	-	-	-9.18%	-36.60%	-	-	-	-
DLB	7.9B	1.3B	0.20%	7.80%	32.48	6.16	1.65%	12.47%
LFUS	6.3B	2.5B	13.68%	3.27%	16.96	2.52	11.65%	0.27%
NOVT	6.0B	875.8M	8.69%	32.96%	81	6.8	17.02%	27.07%
IPGP	5.4B	1.4B	3.48%	14.60%	53.96	3.85	-5.29%	-64.10%
SMALL-CAP
OSIS	2.0B	1.2B	17.38%	45.18%	24.19	1.67	2.10%	-22.63%
KN	1.6B	707.6M	13.55%	-6.58%	-3.58	2.29	-18.53%	-390.64%
PAR	956.2M	375.9M	14.54%	-5.88%	-13.74	2.54	21.79%	16.36%
INVE	166.0M	113.9M	33.33%	-39.55%	-78.6	1.46	6.73%	-201.25%
KTCC	57.2M	551.7M	-19.47%	4.63%	11.3	0.1	2.51%	95.94%

Financials for Zebra Tech

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-0.5%	5,754	5,781	5,745	5,803	5,712
Gross Profit	1.1%	2,654	2,624	2,608	2,626	2,610
Operating Expenses	0.8%	2,112	2,095	2,116	2,099	1,691
S&GA Expenses	1.5%	616	607	609	608	605
R&D Expenses	1.6%	579	570	573	571	564
EBITDA	-1.9%	806	822	768	1,148	-
EBITDA Margin	-2.6%	0.14*	0.14*	0.13*	0.20*	-
Earnings Before Taxes	-11.9%	479	544	545	551	942
EBT Margin	-0.8%	0.09*	0.09*	0.09*	0.16*	-
Interest Expenses	-10.3%	52.00	58.00	68.00	42.00	38.00
Net Income	-11.9%	408	463	468	497	814
Net Income Margin	-1.7%	0.08*	0.08*	0.09*	0.14*	-
Free Cahsflow	8.1%	413	382	619	836	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-0.7%	7,474	7,529	7,448	7,385	6,129
Current Assets	-3.5%	1,818	1,883	1,871	1,806	1,569
Cash Equivalents	-11.4%	93.00	105	81.00	98.00	141
Inventory	-2.9%	835	860	814	632	469
Net PPE	0.7%	280	278	272	265	271
Goodwill	-0.1%	3,895	3,899	3,891	3,929	3,266
Liabilities	-4.4%	4,583	4,796	4,791	4,872	3,223
Current Liabilities	-11.1%	2,074	2,332	2,073	2,113	1,799
Long Term Debt	-3.3%	2,100	2,171	1,101	-	-
LT Debt, Current	0.5%	215	214	144	144	183
LT Debt, Non Current	3.9%	1,880	1,809	2,017	2,017	913
Shareholder's Equity	5.8%	2,891	2,733	2,657	2,513	2,906
Retained Earnings	3.7%	4,186	4,036	3,850	3,680	3,778
Additional Paid-In Capital	4.1%	584	561	542	512	487

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-26.6%	358	488	454	684	899
Share Based Compensation	1.1%	89.00	88.00	88.00	80.00	77.00
Cashflow From Investing	0.2%	-966	-968	-1,118	-1,399	-542
Cashflow From Financing	114.6%	543	253	450	476	-410
Buy Backs	-38.6%	461	751	687	637	362

Risks for ZBRA

What is the probability of a big loss on ZBRA?

61.9%

Probability that Zebra Tech stock will be more than 20% underwater in next one year

41.5%

Probability that Zebra Tech stock will be more than 30% underwater in next one year.

18.9%

Probability that Zebra Tech stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ZBRA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Zebra Tech was unfortunately bought at previous high price.

Drawdowns

Returns for ZBRA

Cumulative Returns on ZBRA

18.9%

10-Year Cumulative Returns

25.9%

7-Year Cumulative Returns

11.3%

5-Year Cumulative Returns

1.1%

3-Year Cumulative Returns

What are the long-term rolling returns for ZBRA?

FIve years rolling returns for Zebra Tech.

Annualized Returns

Which funds bought or sold ZBRA recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-23	MOUNTAIN PACIFIC INVESTMENT ADVISERS INC/ID	added	3.7	5,621,820	25,269,200	1.79%
2023-05-23	Front Row Advisors LLC	reduced	-8.7	1,000	7,000	-%
2023-05-23	Toroso Investments, LLC	added	105	911,000	1,500,000	0.03%
2023-05-22	PUTNAM INVESTMENTS LLC	reduced	-10.55	363,562	3,686,890	0.01%
2023-05-22	AMERIPRISE FINANCIAL INC	reduced	-7.47	45,804,800	356,118,000	0.12%
2023-05-22	FDx Advisors, Inc.	unchanged	-	-	1,040,000	0.04%
2023-05-22	Raleigh Capital Management Inc.	new	-	3,180	3,180	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-5.99	2,607,000	18,315,000	0.03%
2023-05-18	SkyView Investment Advisors, LLC	new	-	-	-	-%
2023-05-18	CENTAURUS FINANCIAL, INC.	added	8.8	54,000	208,000	0.02%

Latest Funds Activity

Are funds buying ZBRA calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ZBRA

No. of Funds

Zebra Tech News

Schedule 13G FIlings of Zebra Tech

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	11.45%	5,910,264	SC 13G/A
Feb 01, 2023	blackrock inc.	6.8%	3,531,638	SC 13G/A
Feb 10, 2022	vanguard group inc	11.05%	5,902,683	SC 13G/A
Feb 09, 2022	blackrock inc.	10.4%	5,570,434	SC 13G/A
Feb 01, 2022	blackrock inc.	9.9%	5,302,297	SC 13G/A
Feb 10, 2021	vanguard group inc	11.15%	5,944,724	SC 13G/A
Feb 08, 2021	fmr llc	-	0	SC 13G/A
Feb 01, 2021	blackrock inc.	7.4%	3,943,088	SC 13G/A
Feb 12, 2020	vanguard group inc	11.51%	6,210,971	SC 13G/A
Feb 07, 2020	fmr llc	-	0	SC 13G

ZBRA Fair Value

Recent SEC filings of Zebra Tech

View All Filings

Date Filed	Form Type	Document
May 23, 2023	SD	SD
May 15, 2023	4	Insider Trading
May 15, 2023	8-K	Current Report
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading
May 15, 2023	4	Insider Trading

Latest Insider Trading transactions for ZBRA

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-05-11	Modruson Frank Blaise	acquired	220,182	265	830	-
2023-05-11	Connors Nelda J	acquired	220,182	265	830	-
2023-05-11	Dhanasekaran Satish	acquired	220,182	265	830	-
2023-05-11	MANIRE ROSS W	acquired	220,182	265	830	-
2023-05-11	ROBERTS JANICE M	acquired	220,182	265	830	-
2023-05-11	Connly Linda	acquired	220,182	265	830	-
2023-05-11	KEYSER RICHARD L	acquired	220,182	265	830	-
2023-05-11	SMITH MICHAEL A	acquired	220,182	265	830	-
2023-05-06	Burns Bill	sold (taxes)	-88,985	273	-325	chief executive officer
2023-05-06	O'Sullivan Colleen M	sold (taxes)	-10,130	273	-37.00	chief accounting officer

About Zebra Tech

Anders Gustafsson

www.zebra.com

9800

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. It also provides various maintenance, technical support, repair, and managed and professional services; real-time location systems and services; and tags, sensors, exciters, middleware software, and application software; as well as physical inventory management solutions, and rugged tablets and enterprise-grade mobile computing products and accessories. In addition, the company offers barcode scanners, image capture devices, and RFID readers; and workforce management solutions, workflow execution and task management solutions, and prescriptive analytics solutions, as well as communications and collaboration solutions. It also provides services, including maintenance, technical support, repair, managed and professional services; as well as cloud-based software subscriptions and robotics automation solutions. The company serves retail and e-commerce, manufacturing, transportation and logistics, healthcare, public sector, and other industries through direct sales force, and network of channel partners. The company was founded in 1969 and is headquartered in Lincolnshire, Illinois.

ZBRA Income Statement

2023-04-01

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions	3 Months Ended
	Apr. 01, 2023	Apr. 02, 2022
Net sales:
Total Net sales	$ 1,405	$ 1,432
Cost of sales:
Total Cost of sales	738	795
Gross profit	667	637
Operating expenses:
Selling and marketing	161	152
Research and development	146	137
General and administrative	99	99
Amortization of intangible assets	26	33
Acquisition and integration costs	0	4
Exit and restructuring costs	10	0
Total Operating expenses	442	425
Operating income	225	212
Other income (loss), net:
Foreign exchange gain	1	8
Interest (expense) income, net	(37)	30
Other (expense), net	(4)	0
Total Other (expense) income, net	(40)	38
Income before income tax	185	250
Income tax expense	35	45
Net income	$ 150	$ 205
Basic earnings per share (in USD per share)	$ 2.92	$ 3.86
Diluted earnings per share (in USD per share)	$ 2.90	$ 3.83
Tangible Products
Net sales:
Total Net sales	$ 1,170	$ 1,207
Cost of sales:
Total Cost of sales	618	681
Services and software
Net sales:
Total Net sales	235	225
Cost of sales:
Total Cost of sales	$ 120	$ 114

ZBRA Balance Sheet

2023-04-01

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Apr. 01, 2023	Dec. 31, 2022
Current assets:
Cash and cash equivalents	$ 85	$ 105
Accounts receivable, net of allowances for doubtful accounts of $1 million each as of April 1, 2023 and December 31, 2022	736	768
Inventories, net	835	860
Income tax receivable	22	26
Prepaid expenses and other current assets	140	124
Total Current assets	1,818	1,883
Property, plant and equipment, net	280	278
Right-of-use lease assets	172	156
Goodwill	3,895	3,899
Other intangibles, net	604	630
Deferred income taxes	432	407
Other long-term assets	273	276
Total Assets	7,474	7,529
Current liabilities:
Current portion of long-term debt	215	214
Accounts payable	602	811
Accrued liabilities	671	744
Deferred revenue	447	425
Income taxes payable	139	138
Total Current liabilities	2,074	2,332
Long-term debt	1,880	1,809
Long-term lease liabilities	157	139
Deferred income taxes	75	75
Long-term deferred revenue	333	333
Other long-term liabilities	64	108
Total Liabilities	4,583	4,796
Stockholders’ Equity:
Preferred stock, $.01 par value; authorized 10,000,000 shares; none issued	0	0
Class A common stock, $.01 par value; authorized 150,000,000 shares; issued 72,151,857 shares	1	1
Additional paid-in capital	584	561
Treasury stock at cost, 20,726,888 and 20,700,357 shares as of April 1, 2023 and December 31, 2022, respectively	(1,814)	(1,799)
Retained earnings	4,186	4,036
Accumulated other comprehensive loss	(66)	(66)
Total Stockholders’ Equity	2,891	2,733
Total Liabilities and Stockholders’ Equity	$ 7,474	$ 7,529