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ZBRA Zebra Technologies

technology · 2026-09-24

N/A
too hard · 63
Owner-earnings value$140.35
Price$371.02
Margin of safety -62.2%

Quality gate · 63/100

Returns on capital 7.6/30
Consistency 17.3/22
Margins / pricing power 13.7/16
Balance sheet 8.5/16
Cash conversion 10/10
Capital allocation 5.5/6

⚠ sub-hurdle returns (median roic 9% < 9%)

Median ROIC8.9%
Gross margin49.6%
Net debt / EBITDA2.4x
FCF conversion124%
Share count / yr-1.2%
Profitable years4/4

Moat & management

Owner-earnings inputs

Owner earnings (TTM)678.00M
Owner-earnings yield3.8%
Free-cash-flow yield5.1%
Growth used (normalized)0.0%
Market-implied growth (reverse DCF)25.0%
Terminal growth3.0%
Discount rate (hurdle)12.3%

Projected owner earnings

YrOwner earningsGrowthPV
1678.00M 0.0%603.50M
2680.26M 0.3%538.97M
3684.80M 0.7%482.94M
4691.64M 1.0%434.17M
5700.86M 1.3%391.61M
6712.55M 1.7%354.39M
7726.80M 2.0%321.75M
8743.76M 2.3%293.08M
9763.59M 2.7%267.83M
10786.50M 3.0%245.55M

Recent news

score · 8 articles

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⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.

History

DateQualityPriceValueMoSRating
2026-09-24 63 $371.02 $140.35 -62.2% N/A
2026-08-13 63 $378.37 $147.75 -61.0% N/A
2026-07-02 61 $267.85 $117.64 -56.1% N/A
2026-06-25 61 $247.78 $118.60 -52.1% N/A
2026-06-23 61 $237.72 $117.40 -50.6% N/A