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 ?10.4%
ERP ?4.5%
Risk-free rate ?4.1%
Beta (blended) ?1.407
Beta (levered) ?1.679
Terminal OM% ?20.8%
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 · 2026-05-17

ZBRA · Zebra Technologies Corporation

$202.842026-05-17
Sector: Technology; Industry: Communication Equipment; Sub-Industry: Electronic Equipment & Instruments

Intrinsic Value Range Comparison · Mulya.ai

R&D capitalized (5yr)
Bull
$280
+38.1% vs market
Base · active
$248
+22.3% vs market
Bear
$231
+14.1% vs market
Mulya.ai vs Analyst IV Comparison?
Market $203
Bear $231
Base $248
Bull $280
Median $327
Market Price $203
Mulya.ai Base $248
Analysts Median $327
Mulya.ai IV range ($231 · $280)
Analysts Range ($291 · $335)
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
2021.Q4$5.6B20.7%13.5%$1.0B−$400MM$608MM11.3%19.0%$5.3B$16.52
2022.Q4$5.8B2.7%10.9%14.9%$536MM−$868MM−$332MM11.3%9.1%$6.5B$9.14
2023.Q4$4.6B-20.7%12.5%11.4%$508MM−$557MM−$49MM11.0%7.7%$6.6B$5.84
2024.Q4$5.0B8.7%17.7%16.9%$735MM$220MM$955MM11.5%11.2%$6.5B$10.42
2025.Q4$5.4B8.3%17.3%25.2%$697MM−$1.3B−$648MM11.5%9.7%$7.8B$8.2711.0
italics below = DCF projection · 10yr Rev CAGR: 5.9%
2026.Q4$6.0B+11.2%17.7%24.7%$799MM−$876MM−$77MM10.2%−$70MM9.7%$8.7B$13.2615.3
2027.Q4$6.3B+5.3%18.5%24.1%$888MM−$461MM$427MM10.1%$352MM9.9%$9.2B$14.7213.8
2028.Q4$6.7B+5.4%19.2%23.6%$979MM−$492MM$487MM9.9%$365MM10.4%$9.6B$16.2412.5
2029.Q4$7.2B+7.4%19.2%23.1%$1.1B−$710MM$349MM9.7%$238MM10.6%$10.4B$17.5611.6
2030.Q4$7.6B+5.9%19.2%22.6%$1.1B−$607MM$522MM9.6%$326MM10.6%$11.0B$18.7210.8
Term. Yr+$10.0B4.1%20.8%20.0%$1.7B−$520MM$1.1B8.6%$10.3B13.1%
Active scenario IV: $248 (+22.3% vs market)