Motorola Solutions
Motorola Solutions, Inc. provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The last earnings update was 6 days ago. More info.
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MSI Share Price and Events
7 Day Returns
1 Year Returns
MSI Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Motorola Solutions (MSI) | 0.9% | 20.9% | 11.3% | 32.1% | 86.9% | 110% |
| US Communications | 3% | 11% | 11.2% | 12.9% | 77.5% | 78.8% |
| US Market | 1.4% | 5.6% | 5.7% | 2.3% | 44.2% | 40.9% |
1 Year Return vs Industry and Market
- MSI outperformed the Communications industry which returned 12.9% over the past year.
- MSI outperformed the Market in United States of America which returned 2.3% over the past year.
Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Motorola Solutions
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Motorola Solutions.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 13 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 11.6% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 7.3% |
| Communications Unlevered Beta | Simply Wall St/ S&P Global | 1.03 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.033 (1 + (1- 21%) (23.32%)) |
1.223 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.22 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.223 * 7.27%) |
11.62% |
Discounted Cash Flow Calculation for NYSE:MSI using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Motorola Solutions is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
| 2019 | 2020 | 2021 | 2022 | 2023 | |
| Levered FCF (USD, Millions) | 1,397.80 | 1,502.40 | 1,553.16 | 1,605.64 | 1,659.90 |
| Source | Analyst x5 | Analyst x5 | Est @ 3.38% | Est @ 3.38% | Est @ 3.38% |
|
Present Value Discounted (@ 11.62%) |
1,252.28 | 1,205.86 | 1,116.82 | 1,034.36 | 957.98 |
| Present value of next 5 years cash flows | $5,567.30 |
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2023
× (1 + g) ÷ (Discount Rate – g)
= $1,659.90 × (1 + 2.73%) ÷ (11.62% – 2.73%) |
$19,179.84 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)5
= $19,179.84 ÷ (1 + 11.62%)5 |
$11,069.35 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 5 years cash flows +
Terminal Value
= $5,567.30 + $11,069.35 |
$16,636.65 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $16,636.65 / 163.87 |
$101.52 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $101.52 |
| Current discount | Discount to share price of
$138.39
= -1 x ($138.39 - $101.52) / $101.52 |
-36.3% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Motorola Solutions is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Motorola Solutions's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Motorola Solutions's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $5.95 |
| NYSE:MSI Share Price ** | NYSE (2019-02-21) in USD | $138.39 |
| United States of America Communications Industry PE Ratio | Median Figure of 35 Publicly-Listed Communications Companies | 27.23x |
| United States of America Market PE Ratio | Median Figure of 3,045 Publicly-Listed Companies | 17.39x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Motorola Solutions.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:MSI Share Price ÷ EPS (both in USD) = 138.39 ÷ 5.95 |
23.27x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Motorola Solutions is good value based on earnings compared to the US Communications industry average.
- Motorola Solutions is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Motorola Solutions's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 23.27x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts |
11.7%per year |
| United States of America Communications Industry PEG Ratio | Median Figure of 22 Publicly-Listed Communications Companies | 1.6x |
| United States of America Market PEG Ratio | Median Figure of 2,118 Publicly-Listed Companies | 1.44x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 23.27x ÷ 11.7% |
1.99x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Motorola Solutions is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Motorola Solutions's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $-7.91 |
| NYSE:MSI Share Price * | NYSE (2019-02-21) in USD | $138.39 |
| United States of America Communications Industry PB Ratio | Median Figure of 67 Publicly-Listed Communications Companies | 1.87x |
| United States of America Market PB Ratio | Median Figure of 5,129 Publicly-Listed Companies | 1.87x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:MSI Share Price ÷ Book Value per Share (both in USD) = 138.39 ÷ -7.91 |
-17.5x |
* Primary Listing of Motorola Solutions.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Motorola Solutions has negative assets, we can't compare the value of its assets to the US Communications industry average.
Value checks
We assess Motorola Solutions's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Communications industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Communications industry average (and greater than 0)? (1 check) Motorola Solutions has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Motorola Solutions's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Motorola Solutions's earnings growth is positive but not above the United States of America market average.
- Motorola Solutions's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:MSI Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 13 Analysts | 11.7% |
| NYSE:MSI Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 13 Analysts | 4.7% |
| United States of America Communications Industry Earnings Growth Rate | Market Cap Weighted Average | 14.3% |
| United States of America Communications Industry Revenue Growth Rate | Market Cap Weighted Average | 4.9% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 12.7% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 9,112 | 1 | ||
| 2022-12-31 | 8,771 | 1 | ||
| 2021-12-31 | 8,641 | 1,395 | 3 | |
| 2020-12-31 | 8,193 | 1,734 | 1,239 | 13 |
| 2019-12-31 | 7,830 | 1,607 | 1,123 | 13 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 7,343 | 1,075 | 966 |
| 2018-09-29 | 7,046 | 1,024 | -31 |
| 2018-06-30 | 6,830 | 956 | -66 |
| 2018-03-31 | 6,567 | 704 | -115 |
| 2017-12-31 | 6,380 | 1,346 | -155 |
| 2017-09-30 | 6,306 | 1,098 | 663 |
| 2017-07-01 | 6,192 | 1,176 | 644 |
| 2017-04-01 | 6,126 | 1,294 | 620 |
| 2016-12-31 | 6,038 | 1,165 | 560 |
| 2016-10-01 | 5,837 | 1,066 | 594 |
| 2016-07-02 | 5,727 | 1,019 | 526 |
| 2016-04-02 | 5,665 | 878 | 570 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 month ago) | See Below |
| Future Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
All data from Motorola Solutions Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 8.24 | 8.24 | 8.24 | 1.00 |
| 2020-12-31 | 7.17 | 7.66 | 6.71 | 6.00 |
| 2019-12-31 | 6.54 | 7.04 | 6.30 | 6.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 5.95 |
| 2018-09-29 | -0.19 |
| 2018-06-30 | -0.41 |
| 2018-03-31 | -0.71 |
| 2017-12-31 | -0.95 |
| 2017-09-30 | 4.05 |
| 2017-07-01 | 3.90 |
| 2017-04-01 | 3.71 |
| 2016-12-31 | 3.30 |
| 2016-10-01 | 3.44 |
| 2016-07-02 | 2.92 |
| 2016-04-02 | 3.01 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Motorola Solutions will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Motorola Solutions's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Motorola Solutions has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Motorola Solutions performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Motorola Solutions's year on year earnings growth rate has been positive over the past 5 years.
- Motorola Solutions has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
- Motorola Solutions has become profitable in the last year making it difficult to compare the US Communications industry average.
Earnings and Revenue History
All data from Motorola Solutions Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 7,343.00 | 966.00 | 1,179.00 | 637.00 |
| 2018-09-29 | 7,046.00 | -31.00 | 1,115.00 | 627.00 |
| 2018-06-30 | 6,830.00 | -66.00 | 1,057.00 | 609.00 |
| 2018-03-31 | 6,567.00 | -115.00 | 1,014.00 | 585.00 |
| 2017-12-31 | 6,380.00 | -155.00 | 979.00 | 568.00 |
| 2017-09-30 | 6,306.00 | 663.00 | 1,002.00 | 555.00 |
| 2017-07-01 | 6,192.00 | 644.00 | 1,001.00 | 552.00 |
| 2017-04-01 | 6,126.00 | 620.00 | 1,010.00 | 553.00 |
| 2016-12-31 | 6,038.00 | 560.00 | 999.00 | 553.00 |
| 2016-10-01 | 5,837.00 | 594.00 | 974.00 | 563.00 |
| 2016-07-02 | 5,727.00 | 526.00 | 986.00 | 579.00 |
| 2016-04-02 | 5,665.00 | 570.00 | 999.00 | 596.00 |
| 2015-12-31 | 5,695.00 | 640.00 | 1,021.00 | 620.00 |
| 2015-10-03 | 5,836.00 | -563.00 | 1,051.00 | 633.00 |
| 2015-07-04 | 5,850.00 | -622.00 | 1,079.00 | 646.00 |
| 2015-04-04 | 5,876.00 | -695.00 | 1,133.00 | 666.00 |
| 2014-12-31 | 5,881.00 | -697.00 | 1,184.00 | 681.00 |
| 2014-09-27 | 5,875.00 | 521.00 | 1,248.00 | 712.00 |
| 2014-06-28 | 5,956.00 | 716.00 | 1,280.00 | 729.00 |
| 2014-03-29 | 6,059.00 | 861.00 | 1,311.00 | 748.00 |
| 2013-12-31 | 6,227.00 | 933.00 | 1,330.00 | 761.00 |
| 2013-09-28 | 4,422.00 | 769.00 | 1,002.00 | 570.00 |
| 2013-06-29 | 7,487.00 | 922.00 | 1,660.00 | 934.00 |
| 2013-03-30 | 8,138.00 | 876.00 | 1,817.00 | 1,008.00 |
| 2012-12-31 | 6,269.00 | 670.00 | 1,472.00 | 790.00 |
| 2012-09-29 | 8,557.00 | 719.00 | 1,952.00 | 1,051.00 |
| 2012-06-30 | 8,489.00 | 666.00 | 1,937.00 | 1,059.00 |
| 2012-03-31 | 8,325.00 | 539.00 | 1,923.00 | 1,050.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Motorola Solutions has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
- Motorola Solutions used its assets more efficiently than the US Communications industry average last year based on Return on Assets.
- Motorola Solutions has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Motorola Solutions's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Communications industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Motorola Solutions has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Motorola Solutions's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Motorola Solutions's finances.
The net worth of a company is the difference between its assets and liabilities.
- Motorola Solutions is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Motorola Solutions's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- Low level of unsold assets.
- Motorola Solutions has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Motorola Solutions Company Filings, last reported 1 month ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | -1,276.00 | 5,320.00 | 1,246.00 |
| 2018-09-29 | -1,395.00 | 5,432.00 | 839.00 |
| 2018-06-30 | -1,492.00 | 5,645.00 | 878.00 |
| 2018-03-31 | -1,539.00 | 5,796.00 | 795.00 |
| 2017-12-31 | -1,727.00 | 4,471.00 | 1,205.00 |
| 2017-09-30 | -818.00 | 4,470.00 | 653.00 |
| 2017-07-01 | -976.00 | 4,467.00 | 792.00 |
| 2017-04-01 | -1,037.00 | 4,458.00 | 811.00 |
| 2016-12-31 | -952.00 | 4,396.00 | 1,013.00 |
| 2016-10-01 | -648.00 | 5,049.00 | 1,732.00 |
| 2016-07-02 | -678.00 | 5,033.00 | 1,592.00 |
| 2016-04-02 | -137.00 | 5,027.00 | 1,987.00 |
| 2015-12-31 | -96.00 | 4,349.00 | 2,418.00 |
| 2015-10-03 | -298.00 | 4,390.00 | 2,200.00 |
| 2015-07-04 | 1,823.00 | 3,399.00 | 3,112.00 |
| 2015-04-04 | 2,094.00 | 3,398.00 | 3,353.00 |
| 2014-12-31 | 2,766.00 | 3,400.00 | 3,954.00 |
| 2014-09-27 | 3,242.00 | 3,405.00 | 2,845.00 |
| 2014-06-28 | 4,169.00 | 2,450.00 | 2,876.00 |
| 2014-03-29 | 3,747.00 | 2,466.00 | 3,141.00 |
| 2013-12-31 | 3,689.00 | 2,461.00 | 3,225.00 |
| 2013-09-28 | 2,705.00 | 2,462.00 | 2,890.00 |
| 2013-06-29 | 2,819.00 | 2,456.00 | 3,216.00 |
| 2013-03-30 | 3,122.00 | 2,454.00 | 3,718.00 |
| 2012-12-31 | 3,290.00 | 1,863.00 | 3,601.00 |
| 2012-09-29 | 3,897.00 | 1,864.00 | 3,539.00 |
| 2012-06-30 | 3,873.00 | 1,865.00 | 3,705.00 |
| 2012-03-31 | 4,110.00 | 1,530.00 | 3,767.00 |
- Motorola Solutions has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
- Irrelevant to check if Motorola Solutions's debt level has increased considering it has negative shareholder equity.
- Debt is well covered by operating cash flow (20.2%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 6.9x coverage).
Financial health checks
We assess Motorola Solutions's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Motorola Solutions has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Motorola Solutions's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Motorola Solutions
shares you are expected to receive
$33
in your first year as a dividend.
Dividend Amount
- Motorola Solutions's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Motorola Solutions's dividend is below the markets top 25% of dividend payers in United States of America (3.54%).
Upcoming dividend payment
Purchase Motorola Solutions on or before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 13 Analyst Estimates (S&P Global) | See Below |
| United States of America Communications Industry Average Dividend Yield | Market Cap Weighted Average of 13 Stocks | 2.6% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2001 Stocks | 2.5% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.5% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 2.85 | 2.00 |
| 2020-12-31 | 2.55 | 6.00 |
| 2019-12-31 | 2.31 | 6.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-02-14 | 2.280 | 1.646 |
| 2018-11-15 | 2.280 | 1.879 |
| 2018-08-28 | 2.080 | 1.658 |
| 2018-05-15 | 2.080 | 1.775 |
| 2018-02-15 | 2.080 | 1.934 |
| 2017-11-03 | 2.080 | 2.201 |
| 2017-08-22 | 1.880 | 2.150 |
| 2017-05-16 | 1.880 | 2.161 |
| 2017-02-16 | 1.880 | 2.260 |
| 2017-02-02 | 1.880 | 2.374 |
| 2016-11-04 | 1.880 | 2.300 |
| 2016-11-03 | 1.880 | 2.557 |
| 2016-08-18 | 1.640 | 2.179 |
| 2016-05-17 | 1.640 | 2.385 |
| 2016-02-18 | 1.640 | 2.245 |
| 2015-11-17 | 1.640 | 2.461 |
| 2015-08-18 | 1.360 | 2.010 |
| 2015-05-19 | 1.360 | 2.285 |
| 2015-02-12 | 1.360 | 2.130 |
| 2014-11-13 | 1.360 | 2.088 |
| 2014-07-31 | 1.360 | 2.203 |
| 2014-05-06 | 1.240 | 1.863 |
| 2014-01-30 | 1.240 | 1.915 |
| 2013-10-17 | 1.240 | 1.915 |
| 2013-05-07 | 1.040 | 1.803 |
| 2013-01-17 | 1.040 | 1.709 |
| 2012-10-26 | 1.040 | 1.905 |
| 2012-07-25 | 1.040 | 2.115 |
| 2012-05-01 | 0.880 | 1.838 |
| 2012-01-27 | 0.880 | 1.781 |
| 2011-11-09 | 0.880 | 1.905 |
| 2011-07-28 | 0.880 | 2.059 |
| 2011-01-27 | 0.000 | 0.000 |
| 2010-11-02 | 0.000 | 0.000 |
| 2010-10-28 | 0.000 | 0.000 |
| 2010-08-05 | 0.000 | 0.000 |
| 2010-07-29 | 0.000 | 0.000 |
| 2010-05-04 | 0.000 | 0.000 |
| 2010-04-29 | 0.000 | 0.000 |
| 2010-02-16 | 0.000 | 0.000 |
| 2010-01-28 | 0.000 | 0.000 |
| 2009-11-04 | 0.000 | 0.000 |
| 2009-10-29 | 0.000 | 0.000 |
| 2009-08-04 | 0.000 | 0.000 |
| 2009-07-30 | 0.000 | 0.000 |
| 2009-02-23 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Motorola Solutions's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are well covered by earnings (2.8x coverage).
- Dividends after 3 years are expected to be well covered by earnings (3.3x coverage).
Income/ dividend checks
We assess Motorola Solutions's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Motorola Solutions afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Motorola Solutions has a total score of 5/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $15,339,548 |
| AGE | 58 |
| TENURE AS CEO | 7.8 years |
CEO Bio
Mr. Gregory Q. Brown, also known as Greg, has been the Chief Executive Officer of Motorola Solutions, Inc. since May 3, 2011. Mr. Brown has been an Executive Director of Motorola Solutions, Inc., since July 25, 2007. He serves as the President of Motorola Ventures. Mr. Brown served as the Chief Executive Officer of Motorola Solutions Inc., from January 1, 2008 to August 3, 2008. He served as the President of Motorola Solutions, Inc., from March 2007 to August 2008 and again from January 2011 to May 2011. He served as Co-Chief Executive Officer of Motorola Solutions, Inc., from August 4, 2008 to January 4, 2011, Chief Operating Officer from March 2007 to January 2008 and an Executive Vice President from January 2003 to March 21, 2007. He served as the Chief Executive Officer of Broadband Mobility solutions at Motorola Solutions, Inc. since August 2008. He also served as Chief Executive Officer of Enterprise Mobility Solutions and Networks businesses. He has 25 years of high-tech experience includes leadership positions in the Telecommunications, Computing, Software and Wireless Industries. He has been an Executive Chairman of Motorola Solutions, Inc. since May 3, 2011 and also as its Head of Broadband Mobility Solutions Division since August 2008. Mr. Brown served as the Chief Executive Officer and President of Commercial Solutions at Government Solutions and Industrial Solutions at Motorola Solutions, Inc. from January 2003 to January 2005. He served as the President of Government & Enterprise Mobility Solutions (GEMS) Business Unit of Motorola from January 2005 to March 3, 2006 and the President of Motorola Networks & Enterprise from March 3, 2006 to March 21, 2007. From January 2003 to March 2007, he served as President of various Motorola businesses within Broadband Mobility Solutions. He served as the Chairman of RiverSoft, Inc. He served as the Chairman and Chief Executive Officer of Micromuse, Inc. (formerly, Riversoft PLC) from February 1999 to January 2003. Prior to Micromuse, he served as the President of Ameritech Custom Business Services of Ameritech Corporation from 1996 to 1999. He served as the President of Ameritech New Media Inc., from September 1996 to February 1999 and was responsible for all of its Consumer Cable TV Operations, Programming and Content Relationships. Mr. Brown served in a variety of General Management Positions, including 4 years as the President of two Ameritech Information System Divisions. Prior to Ameritech in 1987, he held a variety of Sales and Marketing positions with AT&T in Michigan for 5 years. He has been the Chair of Federal Reserve Bank Of Chicago since January 1, 2015. He served as the Deputy Chair of Federal Reserve Bank Of Chicagofrom January 1, 2013 to January 1, 2015. He has been Director of Xerox Corporation since January 26, 2017. He has been Director of Federal Reserve Bank Of Chicago since 2013. He serves as a Director for National Merit Scholarship Corporation. He serves as Member of the College of Engineering Advisory Council at the University of Notre Dame and serves as Member of the Board of Overseers at Rutgers University Foundation. He serves as a Member of Board of Directors at World Business Chicago and the Chicago Council on Foreign Relations. He served as Director of US-China Business Council, Inc. He served as a Director of R.R. Donnelley & Sons Company from 2001 to May 26, 2005 and Micromuse Inc. until June 2004. He served as a Director of Micromuse Systems, Inc. from January 31, 2013 to July 31, 2014. He is a member of the Business Council, the Business Roundtable, the Technology Chief Executive Officer Council, the Commercial Club of Chicago and the Northwestern Memorial Hospital board and US-China Business Council, Inc. He is a Member of the Northwestern University Memorial Foundation. He is a Member of the 2016 Chicago Olympic Committee. He was a member of the President of the United States’ Management Advisory Board. He was a Member of White House's on President Bush's National Security Telecommunications Advisory Committee (NSTAC) since May 2004. Mr. Brown received a BA in Economics from Rutgers University in June 1982.
CEO Compensation
- Greg's compensation has increased in line with Motorola Solutions recently becoming profitable.
- Greg's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Motorola Solutions management team in years:
- The tenure for the Motorola Solutions management team is about average.
Management Team
Greg Brown
Chairman & CEO
$15M
58
7.8 yrs
Gino Bonanotte
Executive VP & CFO
$4M
53
5.3 yrs
Mark Hacker
Executive VP
$3M
46
4.1 yrs
Jack Molloy
Executive Vice President of Products & Sales
$6M
46
1.6 yrs
Dan Pekofske
Corporate VP & Chief Accounting Officer
42
0.4 yrs
Paul Steinberg
CTO & Senior VP
55
Chris Kutsor
Vice President of Investor Relations
Cynthia Yazdi
Senior VP and Chief of Staff
53
0.5 yrs
Manuel Cuevas-Trisán
Chief Human Resources Officer and Corporate VP of Employment Law & Data Protection
Michael Annes
Senior Vice President of Business Development
54
Board of Directors Tenure
Average tenure and age of the Motorola Solutions board of directors in years:
- The tenure for the Motorola Solutions board of directors is about average.
Board of Directors
Greg Brown
Chairman & CEO
$15M
58
7.8 yrs
Judy Lewent
Independent Director
$313K
69
8.1 yrs
Anne Pramaggiore
Independent Director
$300K
59
6.1 yrs
Ken Denman
Independent Director
$282K
59
2 yrs
Sam Scott
Lead Independent Director
$330K
74
4.1 yrs
Clay Jones
Independent Director
$298K
69
4.1 yrs
Egon Durban
Independent Director
$290K
45
3.5 yrs
Greg Mondre
Independent Director
$295K
44
3.5 yrs
Joe Tucci
Independent Director
$257K
71
1.8 yrs
Egon Durban
Director
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 08. Nov 18 | Sell | Cynthia Yazdi | Individual | 06. Nov 18 | 06. Nov 18 | -735 | $124.70 | $-91,655 | ||
| 07. Nov 18 | Sell | Daniel Pekofske | Individual | 05. Nov 18 | 05. Nov 18 | -117 | $123.13 | $-14,406 | ||
| 14. Sep 18 | Sell | John Molloy | Individual | 12. Sep 18 | 12. Sep 18 | -332 | $125.93 | $-41,810 | ||
| 11. Sep 18 | Sell | Mark Hacker | Individual | 07. Sep 18 | 07. Sep 18 | -8,476 | $126.79 | $-1,074,686 | ||
| 14. Mar 18 | Sell | Gregory Brown | Individual | 13. Mar 18 | 13. Mar 18 | -22,000 | $109.53 | $-2,399,109 | ||
Management checks
We assess Motorola Solutions's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Motorola Solutions has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Is Motorola Solutions, Inc. (NYSE:MSI) Expensive For A Reason? A Look At The Intrinsic Value
by taking the expected future cash flows and discounting them to their present value. … discounted cash flows (DCF) … If you want to learn more about discounted cash flow, the basis for my calcs can be read in detail in the Simply Wall St analysis model.
Simply Wall St - – Full articleMotorola Solutions, Inc. (NYSE:MSI) Insiders Have Been Selling
As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … As a general rule we consider it to be discouraging when insiders are selling below the current price. … It's not particularly great to see insiders were selling shares around current prices
Simply Wall St - – Full articleShould You Like Motorola Solutions, Inc.’s (NYSE:MSI) High Return On Capital Employed?
Specifically, we're going to calculate its Return On Capital Employed (ROCE), in the hopes of getting some insight into the business. … What is Return On Capital Employed (ROCE)? … ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business.
Simply Wall St - – Full articleWhat Kind Of Shareholders Own Motorola Solutions Inc (NYSE:MSI)?
The big shareholder groups in Motorola Solutions Inc (NYSE:MSI) have power over the company. … Generally speaking, as a company grows, institutions will increase their ownership. … Taking a look at the our data on the ownership groups (below), it's seems that.
Simply Wall St - – Full articleIs Motorola Solutions Inc's (NYSE:MSI) CEO Salary Justified?
This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. … How Does Greg Brown's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Motorola Solutions Inc has a market cap of US$19.5b, and is paying total annual CEO compensation of US$15m.
Simply Wall St - – Full articleMotorola Solutions Inc (NYSE:MSI) Investors Are Paying Above The Intrinsic Value
by taking the expected future cash flows and discounting them to today's value. … discounted cash flows (DCF). … If you are reading this and its not July 2018 then I highly recommend you check out the latest calculation for Motorola Solutions by following the link below
Simply Wall St - – Full articleWhat Does Motorola Solutions Inc's (NYSE:MSI) Share Price Indicate?
saw a double-digit share price rise of over 10% in the past couple of months on the NYSE. … With many analysts covering the large-cap stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price
Simply Wall St - – Full articleMotorola Solutions Inc (NYSE:MSI): Ex-Dividend Is In 5 Days, Should You Buy?
Motorola Solutions Inc (NYSE:MSI) will be distributing its dividend of $0.52 per share on the 13 July 2018, and will start trading ex-dividend in 5 days time on the 14 June 2018. … Below, I will explain how holding Motorola Solutions can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
Simply Wall St - – Full articleWith A -118.57% Earnings Drop, Did Motorola Solutions Inc (NYSE:MSI) Really Underperform?
NYSE:MSI Income Statement May 25th 18 We can further evaluate Motorola Solutions's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past half a decade Motorola Solutions has seen an annual decline in revenue of -4.15%, on average. … I recommend you continue to research Motorola Solutions to get a better picture of the stock by looking at: Future Outlook: What are well-informed industry analysts predicting for MSI’s future growth?
Simply Wall St - – Full articleIs Motorola Solutions Inc (NYSE:MSI) Undervalued?
Let’s take a look at Motorola Solutions’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change. … This means that if you believe the current share price should move towards its intrinsic value over time, a low beta could suggest it is not likely to reach that level anytime soon, and once it’s there, it may be hard to fall back down into an attractive buying range again. … If you believe MSI should trade below its current price, selling high and buying it back up again when its price falls towards its real value can be profitable.
Simply Wall St - – Full articleCompany Info
Map
Description
Motorola Solutions, Inc. provides mission-critical communication solutions the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Services and Software. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video solutions, as well as the implementation, optimization, and integration of networks, devices, software, and applications for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers. Its products include two-way portable and vehicle-mounted radios, accessories, software features, and upgrades; video cameras; radio network core and central processing software, base stations, consoles, and repeaters; and video analytics, network video management hardware and software, and access control solutions. The Services segment provides repair, technical support, and hardware maintenance services. This segment also offers monitoring, software updates, and cybersecurity services; and public safety and enterprise command center software suite, unified communications applications, and video software solutions. It serves for government, public safety, and commercial communication networks. The company was formerly known as Motorola, Inc. and changed its name to Motorola Solutions, Inc. in January 2011. Motorola Solutions, Inc. was founded in 1928 and is headquartered in Chicago, Illinois.
Details
| Name: | Motorola Solutions, Inc. |
| MSI | |
| Exchange: | NYSE |
| Founded: | 1928 |
| $22,812,522,002 | |
| 163,871,288 | |
| Website: | http://www.motorolasolutions.com |
| Address: |
Motorola Solutions, Inc. 500 West Monroe Street, Suite 4400, Chicago, Illinois, 60661, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | MSI | Common Stock | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | MTLA | Common Stock | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| LSE | 0K3H | Common Stock | London Stock Exchange | GB | USD | 02. Jan 1968 |
Number of employees
Current staff
Industry
| Communications Equipment | |
| Tech |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/02/21 23:42 |
| End of day share price update: | 2019/02/21 00:00 |
| Last estimates confirmation: | 2019/02/12 |
| Last earnings filing: | 2019/02/15 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
