(ZBRA) Zebra Technologies - NASDAQ
Sector: Technology | Industry: Communication Equipment | Exchange: NASDAQ (USA) | Market Cap: 11.056m USD | Total Return: -22% in 12m
Avg Turnover: 270M
EPS Trend: 43.7%
Qual. Beats: 1
Rev. Trend: 45.1%
Qual. Beats: 1
Warnings
Choppy Below Avwap Earnings
Tailwinds
Confidence
Zebra Technologies Corporation is a global provider of automatic identification and data capture (AIDC) solutions. The company operates through two primary segments: Connected Frontline and Asset Visibility and Automation. Its hardware portfolio includes thermal printers, rugged mobile computers, barcode scanners, and RFID readers, supported by specialized software for workflow optimization and asset tracking.
The business model relies heavily on a dual distribution strategy, utilizing a direct sales force alongside an extensive network of channel partners to reach industries such as retail, manufacturing, and healthcare. The AIDC sector is currently driven by the increasing integration of IoT devices and the demand for real-time supply chain visibility in e-commerce logistics.
For a more detailed analysis of the companys fundamentals, consider reviewing the data on ValueRay. Zebra Technologies was founded in 1969 and maintains its headquarters in Lincolnshire, Illinois.
- Inventory destocking cycles in retail and e-commerce impact hardware demand
- Enterprise transition to RFID and machine vision drives high-margin growth
- Global supply chain normalization reduces logistics costs and improves operating margins
- Capital expenditure shifts in manufacturing and transportation sectors influence revenue
- Expansion of software-as-a-service offerings increases recurring revenue and valuation multiples
| Net Income: 418.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA -2.64 > 1.0 |
| NWC/Revenue: -1.22% < 20% (prev 13.88%; Δ -15.10% < -1%) |
| CFO/TA 0.11 > 3% & CFO 915.0m > Net Income 418.0m |
| Net Debt (2.89b) to EBITDA (1.00b): 2.88 < 3 |
| Current Ratio: 0.96 > 1.5 & < 3 |
| Outstanding Shares: last quarter (50.7m) vs 12m ago -2.23% < -2% |
| Gross Margin: 47.47% > 18% (prev 48.79%; Δ -1.32% > 0.5%) |
| Asset Turnover: 68.79% > 50% (prev 64.74%; Δ 4.05% > 0%) |
| Interest Coverage Ratio: 3.68 > 6 (EBIT TTM 803.0m / Interest Expense TTM 218.0m) |
| A: -0.01 (Total Current Assets 1.70b - Total Current Liabilities 1.76b) / Total Assets 8.33b |
| B: 0.65 (Retained Earnings 5.41b / Total Assets 8.33b) |
| C: 0.10 (EBIT TTM 803.0m / Avg Total Assets 8.12b) |
| D: 0.71 (Book Value of Equity 3.47b / Total Liabilities 4.86b) |
| Altman-Z'' = 3.48 = A |
| DSRI: 1.05 (Receivables 733.0m/637.0m, Revenue 5.58b/5.11b) |
| GMI: 1.03 (GM 48.79% / 47.47%) |
| AQI: 1.13 (AQ_t 0.73 / AQ_t-1 0.65) |
| SGI: 1.09 (Revenue 5.58b / 5.11b) |
| TATA: -0.06 (NI 418.0m - CFO 915.0m) / TA 8.33b) |
| Beneish M = -2.82 (Cap -4..+1) = A |
As of June 09, 2026, the stock is trading at USD 233.04 with a total of 1,011,271 shares traded.
Over the past week, the price has changed by -6.77%,
over one month by +3.10%,
over three months by +9.01% and
over the past year by -21.96%.
Zebra Technologies has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy ZBRA.
- StrongBuy: 9
- Buy: 2
- Hold: 8
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 328.9 | 41.1% |
P/E Trailing = 27.9988
P/E Forward = 12.4533
P/S = 1.9803
P/B = 3.1862
P/EG = 0.4958
Revenue TTM = 5.58b USD
EBIT TTM = 803.0m USD
EBITDA TTM = 1.00b USD
Long Term Debt = 2.39b USD (from longTermDebt, last quarter)
Short Term Debt = 264.0m USD (from shortTermDebt, last quarter)
Debt = 3.01b USD (from shortLongTermDebtTotal, last quarter) + Leases 198.0m
Net Debt = 2.89b USD (calculated: Debt 3.01b - CCE 114.0m)
Enterprise Value = 13.9b USD (11.1b + Debt 3.01b - CCE 114.0m)
Interest Coverage Ratio = 3.68 (Ebit TTM 803.0m / Interest Expense TTM 218.0m)
EV/FCF = 16.69x (Enterprise Value 13.9b / FCF TTM 836.0m)
FCF Yield = 5.99% (FCF TTM 836.0m / Enterprise Value 13.9b)
FCF Margin = 14.97% (FCF TTM 836.0m / Revenue TTM 5.58b)
Net Margin = 7.49% (Net Income TTM 418.0m / Revenue TTM 5.58b)
Gross Margin = 47.47% ((Revenue TTM 5.58b - Cost of Revenue TTM 2.93b) / Revenue TTM)
Gross Margin QoQ = 49.63% (prev 44.61%)
Tobins Q-Ratio = 1.67 (Enterprise Value 13.9b / Total Assets 8.33b)
Interest Expense / Debt = 7.25% (Interest Expense 218.0m / Debt 3.01b)
Taxrate = 25.62% (144.0m / 562.0m)
NOPAT = 597.2m (EBIT 803.0m * (1 - 25.62%))
Current Ratio = 0.96 (Total Current Assets 1.70b / Total Current Liabilities 1.76b)
Debt / Equity = 0.87 (Debt 3.01b / totalStockholderEquity, last quarter 3.47b)
Debt / EBITDA = 2.88 (Net Debt 2.89b / EBITDA 1.00b)
Debt / FCF = 3.46 (Net Debt 2.89b / FCF TTM 836.0m)
Total Stockholder Equity = 3.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 5.15% (Net Income 418.0m / Total Assets 8.33b)
RoE = 11.59% (Net Income TTM 418.0m / Total Stockholder Equity 3.61b)
RoCE = 13.40% (EBIT 803.0m / Capital Employed (Equity 3.61b + L.T.Debt 2.39b))
RoIC = 8.89% (NOPAT 597.2m / Invested Capital 6.72b)
WACC = 10.91% (E(11.1b)/V(14.1b) * Re(12.41%) + D(3.01b)/V(14.1b) * Rd(7.25%) * (1-Tc(0.26)))
Discount Rate = 12.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -23.57 | Cagr: -0.90%
[DCF] Terminal Value 64.18% ; FCFF base≈902.0m ; Y1≈791.0m ; Y5≈639.1m
[DCF] Fair Price = 91.10 (EV 7.23b - Net Debt 2.89b = Equity 4.34b / Shares 47.6m; r=10.91% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: 43.71 | EPS CAGR: 11.33% | SUE: 2.66 | # QB: 1
Revenue Correlation: 45.09 | Revenue CAGR: 4.42% | SUE: 1.16 | # QB: 1
EPS current Quarter (2026-06-30): EPS=4.37 | Chg30d=+3.99% | Revisions=+62% | Analysts=16
EPS next Quarter (2026-09-30): EPS=4.55 | Chg30d=+0.70% | Revisions=+7% | Analysts=16
EPS current Year (2026-12-31): EPS=18.54 | Chg30d=+3.22% | Revisions=+79% | GrowthEPS=+17.1% | GrowthRev=+12.3%
EPS next Year (2027-12-31): EPS=20.71 | Chg30d=+3.27% | Revisions=+60% | GrowthEPS=+11.7% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: +79%