Technology • NASDAQ
According to Zyberno, Zebra Technologies Corporation (ZBRA) shows a Value Trap signal — AVERAGE BUSINESS (53/100) with an apparent Margin of Safety of +34.8%, but a Brina Gap of +1.8% reveals the current price still assumes faster growth than the business can deliver.
According to Zyberno's DCF model, Zebra Technologies Corporation (ZBRA) trades at $355.60 against an estimated intrinsic value per share of $545.18 — a +34.8% Margin of Safety based on Owner Earnings of $836.00M TTM, projected at 30.2% growth for 10 years with a 2.5% terminal growth rate. The Brina Gap of +1.8% strengthens the case: based on the company's ROIC (8.4%) and reinvestment rate (180.5%), the business can fundamentally grow at 15.2% — but the current enterprise value implies the market expects 13.4%. This places ZBRA in the Value Trap quadrant of the Brina Matrix — a value-trap signal where the apparent discount is undermined by overpriced growth expectations. Zyberno's model translates this into a 5-year expected return of 30.7% annually.
Over the trailing twelve months, ZBRA generated $836.00M in Owner Earnings. Capital was deployed as follows: $300.00M returned via share buybacks, $79.00M invested in capital expenditures. Reinvestment rate: 180.5%. Owner Earnings have grown at 30.2% annually over the trailing five years using log-linear regression.