Mulya.ai
Ticker
ZBRA
Scenario
Key Inputs
Revenue est.?Analyst
OP margin est.?Analyst
Reinvestment est.?avg_lt_ttm
R&D capitalizedYes · 5yr amort
Leases factoredNo
Key Assumptions
WACC ?10.3%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.392
Beta (levered) ?1.625
Terminal OM% ?21.0%
Segment conc. ?67% dominant
Terminal growth ?4.1%
Bond rating ?A- · 1.45%
ROIC option ?Opt 2 · 13.1%
Prob of failure ?0.0%
Pipeline validated · 2026-07-21

ZBRA · Zebra Technologies Corporation

$251.532026-07-21
Sector: Technology; Industry: Communication Equipment; Sub-Industry: Electronic Equipment & Instruments

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$286
+13.7% vs market
Base · active
$248
-1.3% vs market
Bear
$240
-4.5% vs market
Mulya.ai vs Analyst IV Comparison?
Bear $240
Base $248
Market $252
Bull $286
Median $317
Market Price $252
Mulya.ai Base $248
Analysts Median $317
Mulya.ai IV range ($240 · $286)
Analysts Range ($256 · $346)
Fundamentals · historical + forward · base
italics = DCF projection
PeriodRevenueRev Gr ?Ops M% ?Tax Rate ?NOPAT ?
Reinvest ?
FCFF ?WACC% ?PV FCFF ?ROIC ?Inv. Cap ?EPS ?P/E
2024.Q1$4.6B12.6%10.3%$517MM−$299MM$218MM10.7%7.8%$6.7B$5.84
2024.Q4$4.6B0.0%12.6%16.9%$480MM$222MM$702MM11.5%7.4%$6.4B$5.84
2025.Q1$5.0B8.7%17.9%16.6%$743MM$129MM$871MM11.7%11.5%$6.6B$10.42
2025.Q4$5.0B0.0%17.9%25.2%$666MM−$1.3B−$682MM11.5%9.3%$7.7B$10.42
2026.Q1$5.6B12.1%17.3%25.6%$716MM−$1.3B−$616MM11.5%9.3%$7.7B$8.2513.2
italics below = DCF projection · 10yr Rev CAGR: 5.2%
2027.Q1$6.2B+10.2%17.8%25.1%$821MM−$805MM$17MM10.2%$15MM10.1%$8.5B$13.5218.6
2028.Q1$6.5B+5.0%18.4%24.5%$899MM−$445MM$454MM10.0%$375MM10.3%$9.0B$14.7917.0
2029.Q1$6.8B+5.8%19.8%23.9%$1.0B−$544MM$485MM9.8%$365MM11.1%$9.5B$16.9514.8
2030.Q1$7.2B+4.8%19.8%23.4%$1.1B−$495MM$593MM9.7%$406MM11.1%$10.0B$17.9014.1
2031.Q1$7.5B+4.5%19.8%22.8%$1.1B−$492MM$653MM9.5%$408MM11.1%$10.5B$18.8513.3
Term. Yr+$9.6B4.1%21.0%20.0%$1.6B−$504MM$1.1B8.6%$10.0B13.1%
Active scenario IV: $248 (-1.3% vs market)