Viavi Solutions Inc. (VIAV) vs Zebra Technologies Corporation (ZBRA)

Viavi Solutions Inc. and Zebra Technologies Corporation are both Communication Equipment companies. Zebra Technologies Corporation is the larger, with a market value of $15.2B against $6.5B — 2.3× the size. Zebra Technologies Corporation trades at the lower P/E: 25.8× against 106×. Viavi Solutions Inc. grew revenue faster over the last twelve months: 47.4% against 16.9%. Zebra Technologies Corporation has the higher net margin (9.80% vs 3.97%) and the higher return on invested capital (9.57% vs 7.82%). Across the 22 metrics below, Zebra Technologies Corporation leads on 15 and Viavi Solutions Inc. on 7.

Valuation

Metric VIAV ZBRA Communication Equipment median
P/E 106.30 25.77 30.12
P/S 4.16 2.48 1.72
P/B 4.85 4.27 1.76
Price to free cash flow 35.13 15.41 22.49
EV/EBITDA 44.36 14.85 14.04
EV/Sales 4.23 2.87 1.80
Earnings yield 0.94% 3.88% (1.13%)
Free cash flow yield 2.85% 6.49% 0.66%

Profitability

Metric VIAV ZBRA Communication Equipment median
Gross margin 58.85% 48.90% 39.34%
Operating margin 10.61% 14.85% 2.43%
Net margin 3.97% 9.80% (0.95%)
Free cash flow margin 14.50% 16.09% 0.27%
Return on equity 6.54% 16.46% 0.00%
Return on assets 2.87% 7.13% (0.33%)
Return on invested capital 7.82% 9.57% 1.20%

Growth

Metric VIAV ZBRA Communication Equipment median
Revenue growth (TTM) 47.44% 16.86% 9.66%
EPS growth (last fiscal year) (186.67%) (19.65%) 31.29%
Revenue growth, 5-year CAGR 4.84% 3.94% 4.92%
Net income growth, 5-year CAGR 0.00% (3.63%) 0.00%

Health

Metric VIAV ZBRA Communication Equipment median
Debt to equity 0.49 0.72 0.02
Current ratio 1.65 0.57 1.99
Net debt to EBITDA (0.07) 2.56 0.93

Dividend

Metric VIAV ZBRA Communication Equipment median
Dividend yield — — 1.11%
Payout ratio — — 0.44

Size

Metric VIAV ZBRA Communication Equipment median
Market cap 6.47b 15.15b 452.35m

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