ZEBRA TECHNOLOGIES CORPORATION |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 297.2 USD | +1.60% |
|
+10.87% | +8.74% |
| Apr. 10 | EMEA Morning Briefing : Shares Set to Rise Ahead of U.S. CPI | DJ |
| Apr. 09 | Hamas says Israeli proposal failed to meet Palestinian demands, yet it is under review | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 13,774 | 20,491 | 31,808 | 13,238 | 14,038 | 15,276 | - | - |
| Enterprise Value (EV) 1 | 15,021 | 21,568 | 32,467 | 15,156 | 16,121 | 16,874 | 16,288 | 15,654 |
| P/E ratio | 25.6 x | 41.1 x | 38.4 x | 29.1 x | 47.8 x | 36.5 x | 26.8 x | 22.5 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 3.07 x | 4.61 x | 5.65 x | 2.29 x | 3.06 x | 3.26 x | 3.01 x | 2.82 x |
| EV / Revenue | 3.35 x | 4.85 x | 5.77 x | 2.62 x | 3.52 x | 3.6 x | 3.21 x | 2.89 x |
| EV / EBITDA | 15.5 x | 23.6 x | 25 x | 12.3 x | 19.6 x | 18.5 x | 15.1 x | 13 x |
| EV / FCF | 24.1 x | 23.9 x | 32.1 x | 36.7 x | -177 x | 27.5 x | 21.4 x | 18.1 x |
| FCF Yield | 4.15% | 4.18% | 3.11% | 2.72% | -0.56% | 3.64% | 4.67% | 5.52% |
| Price to Book | 7.5 x | 9.58 x | 10.7 x | 4.83 x | 4.63 x | 4.32 x | 3.7 x | 3.16 x |
| Nbr of stocks (in thousands) | 53,921 | 53,316 | 53,441 | 51,630 | 51,360 | 51,398 | - | - |
| Reference price 2 | 255.4 | 384.3 | 595.2 | 256.4 | 273.3 | 297.2 | 297.2 | 297.2 |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,485 | 4,448 | 5,627 | 5,791 | 4,584 | 4,688 | 5,080 | 5,415 |
| EBITDA 1 | 970 | 914 | 1,297 | 1,235 | 824 | 911.6 | 1,080 | 1,208 |
| EBIT 1 | 898 | 847 | 1,225 | 1,168 | 755 | 816 | 955.9 | 1,056 |
| Operating Margin | 20.02% | 19.04% | 21.77% | 20.17% | 16.47% | 17.41% | 18.82% | 19.5% |
| Earnings before Tax (EBT) 1 | 598 | 560 | 968 | 544 | 334 | 496.6 | 674.2 | 795.9 |
| Net income 1 | 544 | 504 | 837 | 463 | 296 | 422.5 | 572.9 | 680.2 |
| Net margin | 12.13% | 11.33% | 14.87% | 8% | 6.46% | 9.01% | 11.28% | 12.56% |
| EPS 2 | 9.970 | 9.350 | 15.52 | 8.800 | 5.720 | 8.138 | 11.10 | 13.24 |
| Free Cash Flow 1 | 624 | 901 | 1,010 | 413 | -91 | 613.9 | 760.9 | 864 |
| FCF margin | 13.91% | 20.26% | 17.95% | 7.13% | -1.99% | 13.1% | 14.98% | 15.96% |
| FCF Conversion (EBITDA) | 64.33% | 98.58% | 77.87% | 33.44% | - | 67.35% | 70.42% | 71.51% |
| FCF Conversion (Net income) | 114.71% | 178.77% | 120.67% | 89.2% | - | 145.3% | 132.81% | 127.03% |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,436 | 1,467 | 1,432 | 1,468 | 1,378 | 1,503 | 1,405 | 1,214 | 956 | 1,009 | 1,139 | 1,149 | 1,175 | 1,218 | 1,276 |
| EBITDA 1 | 312 | 319 | 285 | 321 | 291 | 338 | 301 | 257 | 111 | 155 | 208.1 | 216.3 | 234.9 | 257.1 | 269.5 |
| EBIT 1 | 294 | 301 | 266 | 301 | 275 | 322 | 284 | 239 | 94 | 138 | 188.4 | 192.5 | 209.7 | 226.8 | 242.2 |
| Operating Margin | 20.47% | 20.52% | 18.58% | 20.5% | 19.96% | 21.42% | 20.21% | 19.69% | 9.83% | 13.68% | 16.54% | 16.76% | 17.85% | 18.61% | 18.97% |
| Earnings before Tax (EBT) 1 | 228 | 226 | 250 | -153 | 222 | 225 | 185 | 171 | -24 | 2 | 99.23 | 112.1 | 131.9 | 152.9 | 165 |
| Net income 1 | 199 | 191 | 205 | -98 | 170 | 186 | 150 | 144 | -15 | 17 | 84.45 | 93.12 | 112.8 | 130.8 | 143.3 |
| Net margin | 13.86% | 13.02% | 14.32% | -6.68% | 12.34% | 12.38% | 10.68% | 11.86% | -1.57% | 1.68% | 7.41% | 8.11% | 9.61% | 10.74% | 11.22% |
| EPS 2 | 3.690 | 3.550 | 3.830 | -1.870 | 3.260 | 3.570 | 2.900 | 2.780 | -0.2800 | 0.3100 | 1.624 | 1.800 | 2.173 | 2.519 | 2.758 |
| Dividend per Share 2 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/2/21 | 2/10/22 | 5/3/22 | 8/2/22 | 11/1/22 | 2/16/23 | 5/2/23 | 8/1/23 | 10/31/23 | 2/15/24 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 1,247 | 1,077 | 659 | 1,918 | 2,083 | 1,598 | 1,012 | 378 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.286 x | 1.178 x | 0.5081 x | 1.553 x | 2.528 x | 1.753 x | 0.9368 x | 0.3127 x |
| Free Cash Flow 1 | 624 | 901 | 1,010 | 413 | -91 | 614 | 761 | 864 |
| ROE (net income / shareholders' equity) | 44.5% | 34.6% | 38.8% | 16.2% | 17.6% | 15.8% | 17.6% | 17.5% |
| ROA (Net income/ Total Assets) | 12% | 13.7% | 14.4% | 6.74% | 6.85% | 6.2% | 7.8% | 8.8% |
| Assets 1 | 4,525 | 3,679 | 5,795 | 6,872 | 4,322 | 6,815 | 7,345 | 7,729 |
| Book Value Per Share 2 | 34.10 | 40.10 | 55.90 | 53.10 | 59.10 | 68.80 | 80.40 | 94.00 |
| Cash Flow per Share | 12.50 | - | - | 9.280 | -0.0800 | - | - | - |
| Capex 1 | 61 | 67 | 59 | 75 | 87 | 83.3 | 84.1 | 87.1 |
| Capex / Sales | 1.36% | 1.51% | 1.05% | 1.3% | 1.9% | 1.78% | 1.66% | 1.61% |
| Announcement Date | 2/13/20 | 2/11/21 | 2/10/22 | 2/16/23 | 2/15/24 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
297.2
USD
Average target price
304.2
USD
Spread / Average Target
+2.36%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +8.74% | 15.28B | |
| +12.06% | 107B | |
| -0.62% | 29.43B | |
| +12.05% | 22.21B | |
| -16.05% | 17.75B | |
| -6.34% | 17.25B | |
| -4.89% | 12.2B | |
| -2.85% | 10.42B | |
| -8.86% | 9.04B | |
| -4.57% | 7.87B |
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