Zebra Technologies Corporation
Find Ratings ReportsZEBRA TECHNOLOGIES CP's gross profit margin for the fourth quarter of its fiscal year 2023 is essentially unchanged when compared to the same period a year ago. Sales and net income fell significantly, underperforming compared to the average company in its subsector. ZEBRA TECHNOLOGIES CP has very weak liquidity. Currently, the Quick Ratio is 0.45 which clearly shows a lack of ability to cover short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has increased by 11.08% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop in the near future.
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Income Statement | Q4 FY23 | Q4 FY22 |
---|---|---|
Net Sales ($mil) | 1009.0 | 1503.0 |
EBITDA ($mil) | 136.0 | 318.0 |
EBIT ($mil) | 92.0 | 272.0 |
Net Income ($mil) | 17.0 | 186.0 |
Balance Sheet | Q4 FY23 | Q4 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 138.0 | 117.0 |
Total Assets ($mil) | 7306.0 | 7529.0 |
Total Debt ($mil) | 2414.0 | 2199.0 |
Equity ($mil) | 3036.0 | 2733.0 |
Profitability | Q4 FY23 | Q4 FY22 |
---|---|---|
Gross Profit Margin | 46.18 | 46.71 |
EBITDA Margin | 13.47 | 21.15 |
Operating Margin | 9.12 | 18.1 |
Sales Turnover | 0.63 | 0.77 |
Return on Assets | 4.05 | 6.14 |
Return on Equity | 9.75 | 16.94 |
Debt | Q4 FY23 | Q4 FY22 |
---|---|---|
Current Ratio | 1.05 | 0.81 |
Debt/Capital | 0.44 | 0.45 |
Interest Expense | 64.0 | 0.0 |
Interest Coverage | 1.44 | 0.0 |
Share Data | Q4 FY23 | Q4 FY22 |
---|---|---|
Shares outstanding (mil) | 51.38 | 51.45 |
Div / share | 0.0 | 0.0 |
EPS | 0.31 | 3.57 |
Book value / share | 59.09 | 53.12 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 397797.0 | 482074.0 |
HOLD. ZEBRA TECHNOLOGIES CP's P/E ratio indicates a discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant premium compared to the S&P 500 average of 27.95. To use another comparison, its price-to-book ratio of 4.77 indicates valuation on par with the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is above the S&P 500 average, but well below the subsector average. Upon assessment of these and other key valuation criteria, ZEBRA TECHNOLOGIES CP proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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ZBRA 49.35 | Peers 53.34 | ZBRA NM | Peers 44.47 | |||||||||||||||||||||
Average. An average P/E ratio can signify an subsector neutral price for a stock and an average growth expectation. ZBRA is trading at a valuation on par with its peers. |
Neutral. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. ZBRA's P/CF is negative making the measure meaningless. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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ZBRA 20.19 | Peers 26.06 | ZBRA 0.54 | Peers 1.95 | |||||||||||||||||||||
Average. An average price-to-projected earnings ratio can signify an subsector neutral stock price and average future growth expectations. ZBRA is trading at a valuation on par with its peers. |
Discount. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. ZBRA trades at a significant discount to its peers. |
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Price/Book |
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Earnings Growth |
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ZBRA 4.77 | Peers 23.59 | ZBRA -35.04 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. ZBRA is trading at a significant discount to its peers. |
Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. However, ZBRA is expected to significantly trail its peers on the basis of its earnings growth rate. |
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Price/Sales |
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Sales Growth |
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ZBRA 3.16 | Peers 14.13 | ZBRA -20.71 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. ZBRA is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. ZBRA significantly trails its peers on the basis of sales growth. |
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