Motorola Solutions, Inc.

Technology
Radio And Television Broadcasting And Communications Equipment
www.motorolasolutions.com

Earnings Score
Safety Score

Market Cap $79.83B
PE 51
Debt $6.32B
Cash $1.40B
EV $84.75B
FCF $2.31B

Earnings

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Sales & Net Margins

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Earnings	$1.56B
EBIT	$2.61B
ROE	116%
ROA	19%
FCF	$2.31B
Equity	$1.34B
Growth Stability	-19%
PE	51.11
PEG	3.25
PB	59.53
P/FCF	34.5
P/S	7.49
Price/Cash	0.02
Debt/Equity	4.71
Debt/FCF	2.73
Net Margins	12%
Gross Margins	51%
Op. Margins	25%
Earnings CAGR	12%
Sales Growth YoY	9%
Sales Growth QoQ	6%
Sales CAGR	7%
FCF CAGR	12%
Equity CAGR	-3%
Earnings Stability	0.79
Earnings Growth YoY	21%
Earnings Growth QoQ	27%

Earnings CAGR 5Y	16%
Sales CAGR 5Y	8%
FCF CAGR 5Y	6%
Equity CAGR 5Y	12%
Earnings CAGR 3Y	11%
Sales CAGR 3Y	11%
FCF CAGR 3Y	28%
Equity CAGR 3Y	180%
Market Cap	$79.83B
Revenue	$10.66B
Dividend Yield	1%
Payout Ratio	41%
Assets	$13.89B
Total Debt	$6.32B
Cash	$1.40B
Shares Outstanding	166.7M
EV	84.75B
Earnings Score	92%
Safety Score	48%
Working Capital	1.14B
Current Ratio	1.25
Gross Profit	$5.42B
Shares Growth 3y	-0%
Equity Growth QoQ	64%
Equity Growth YoY	257%

Assets & ROA

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Stockholders Equity & ROE

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Motorola Solutions is a leading provider of communications and analytics, primarily serving public safety departments as well as schools, hospitals, and businesses. The bulk of the firm's revenue comes from sales of land mobile radios and radio network infrastructure, but the firm also sells surveillance equipment and dispatch software. Seventy-five percent of Motorola's revenue comes from government agencies, while 25% comes from its commercial customers. Motorola has customers in over 100 countries and in every state in the United States.

SEC Filings

Direct access to Motorola Solutions, Inc. (MSI) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 28
- 10-Q Jun 29
- 10-Q Mar 30
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jul 01
- 10-Q Apr 01
2022
- 10-K Dec 31
- 10-Q Oct 01
- 10-Q Jul 02
- 10-Q Apr 02

Sector Comparison

How does Motorola Solutions, Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Motorola Solutions, Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%

Stability 79%

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Motorola Solutions, Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Motorola Solutions, Inc..

Years

Calculation mode

= $52B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	$2.3B	$2.6B	$2.9B	$3.2B	$3.6B	$4B	$4.5B	$5B	$5.6B	$6.3B	$7B	$70B
DCF		$2.3B	$2.4B	$2.4B	$2.5B	$2.5B	$2.5B	$2.6B	$2.6B	$2.7B	$2.7B	$27B
Value	$52B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	22%	11%	9%	-2%	13%	11%	13%	15%	15%	17%	12%
ROA	-	13%	13%	16%	14%	15%	13%	14%	13%	17%	19%
ROE	-	-635%	-59%	9%	-76%	-127%	-175%	-5K%	1K%	231%	116%

Good Net Margins (12.38%)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	5.3	4.93	4.05	6.1	3.27	3.72	3.58	3.84	4.09	2.73
Debt over Equity	1.23	-45.83	-4.63	-2.62	-4.2	-7.54	-9.59	-247.83	45.92	9.92	4.71
Growth Stability	-	-	-	-19%	100%	100%	100%	100%	100%	100%	-19%

Neutral Debt/FCF ratio (2.73)

Net Margins are at a level that is not too high nor too low. They are not a competitive advantage but they are not a competitive disadvantage either.

Bad Debt/Equity ratio (4.71)

The company is overleveraged and has a bad balance between equity and debt.

Bad Graham’s Stability (-19%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-3%	6%	6%	15%	7%	-6%	10%	12%	10%	8%
Earnings YoY growth	-	-53%	-8%	-128%	-723%	-10%	9%	31%	9%	25%	16%
Equity YoY growth	-	-103%	892%	81%	-26%	-46%	-21%	-96%	-670%	464%	12%
FCF YoY growth	-	-196%	8%	25%	-22%	79%	-11%	14%	-2%	14%	6%