company background image
MSI

Motorola Solutions NYSE:MSI Stock Report

Last Price

US$225.66

Market Cap

US$37.7b

7D

-5.8%

1Y

-3.4%

Updated

27 Sep, 2022

Data

Company Financials +
MSI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth2/6
Past Performance2/6
Financial Health2/6
Dividends4/6

MSI Stock Overview

Motorola Solutions, Inc. provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally.

Motorola Solutions Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Motorola Solutions
Historical stock prices
Current Share PriceUS$225.66
52 Week HighUS$273.65
52 Week LowUS$195.18
Beta0.91
1 Month Change-9.13%
3 Month Change7.60%
1 Year Change-3.43%
3 Year Change36.40%
5 Year Change163.35%
Change since IPO534.19%

Recent News & Updates

Sep 19
Many Would Be Envious Of Motorola Solutions' (NYSE:MSI) Excellent Returns On Capital

Many Would Be Envious Of Motorola Solutions' (NYSE:MSI) Excellent Returns On Capital

If you're looking for a multi-bagger, there's a few things to keep an eye out for. Firstly, we'd want to identify a...

Sep 06
Is Now An Opportune Moment To Examine Motorola Solutions, Inc. (NYSE:MSI)?

Is Now An Opportune Moment To Examine Motorola Solutions, Inc. (NYSE:MSI)?

Motorola Solutions, Inc. ( NYSE:MSI ) led the NYSE gainers with a relatively large price hike in the past couple of...

Shareholder Returns

MSIUS CommunicationsUS Market
7D-5.8%-4.2%-5.8%
1Y-3.4%-20.7%-22.1%

Return vs Industry: MSI exceeded the US Communications industry which returned -22.3% over the past year.

Return vs Market: MSI exceeded the US Market which returned -23.7% over the past year.

Price Volatility

Is MSI's price volatile compared to industry and market?
MSI volatility
MSI Average Weekly Movement3.4%
Communications Industry Average Movement7.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.8%

Stable Share Price: MSI is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: MSI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
192818,700Greg Brownhttps://www.motorolasolutions.com

Motorola Solutions, Inc. provides mission critical communications and analytics in the United States, the United Kingdom, Canada, and internationally. The company operates in two segments, Products and Systems Integration, and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices and infrastructure, as well as the implementation, and integration of systems, devices, software, and applications for government, public safety, and commercial customers who operate private communications networks and video security solutions, as well as manage a mobile workforce.

Motorola Solutions Fundamentals Summary

How do Motorola Solutions's earnings and revenue compare to its market cap?
MSI fundamental statistics
Market CapUS$37.66b
Earnings (TTM)US$1.20b
Revenue (TTM)US$8.46b

31.3x

P/E Ratio

4.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MSI income statement (TTM)
RevenueUS$8.46b
Cost of RevenueUS$4.38b
Gross ProfitUS$4.08b
Other ExpensesUS$2.88b
EarningsUS$1.20b

Last Reported Earnings

Jul 02, 2022

Next Earnings Date

n/a

Earnings per share (EPS)7.21
Gross Margin48.26%
Net Profit Margin14.22%
Debt/Equity Ratio-1,397.9%

How did MSI perform over the long term?

See historical performance and comparison

Dividends

1.4%

Current Dividend Yield

43%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is MSI undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MSI?

Other financial metrics that can be useful for relative valuation.

MSI key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue5.1x
Enterprise Value/EBITDA19.4x
PEG Ratio2.7x

Price to Earnings Ratio vs Peers

How does MSI's PE Ratio compare to its peers?

MSI PE Ratio vs Peers
The above table shows the PE ratio for MSI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average28.5x
ANET Arista Networks
32.6x10.6%US$33.8b
UI Ubiquiti
46x20.1%US$17.4b
JNPR Juniper Networks
21.5x10.7%US$8.4b
CSCO Cisco Systems
14.1x5.0%US$166.5b
MSI Motorola Solutions
31.3x11.7%US$37.7b

Price-To-Earnings vs Peers: MSI is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the peer average (28.5x).


Price to Earnings Ratio vs Industry

How does MSI's PE Ratio compare vs other companies in the US Communications Industry?

Price-To-Earnings vs Industry: MSI is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the US Communications industry average (22.5x)


Price to Earnings Ratio vs Fair Ratio

What is MSI's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MSI PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio31.3x
Fair PE Ratio23.3x

Price-To-Earnings vs Fair Ratio: MSI is expensive based on its Price-To-Earnings Ratio (31.3x) compared to the estimated Fair Price-To-Earnings Ratio (23.3x).


Share Price vs Fair Value

What is the Fair Price of MSI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MSI ($225.66) is trading below our estimate of fair value ($323.68)

Significantly Below Fair Value: MSI is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


Discover undervalued companies

Future Growth

How is Motorola Solutions forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


11.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MSI's forecast earnings growth (11.7% per year) is above the savings rate (1.9%).

Earnings vs Market: MSI's earnings (11.7% per year) are forecast to grow slower than the US market (14.7% per year).

High Growth Earnings: MSI's earnings are forecast to grow, but not significantly.

Revenue vs Market: MSI's revenue (6% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: MSI's revenue (6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: MSI's Return on Equity is forecast to be very high in 3 years time (159.7%).


Discover growth companies

Past Performance

How has Motorola Solutions performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


27.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: MSI has high quality earnings.

Growing Profit Margin: MSI's current net profit margins (14.2%) are lower than last year (14.6%).


Past Earnings Growth Analysis

Earnings Trend: MSI's earnings have grown significantly by 27.3% per year over the past 5 years.

Accelerating Growth: MSI's earnings growth over the past year (4.4%) is below its 5-year average (27.3% per year).

Earnings vs Industry: MSI earnings growth over the past year (4.4%) underperformed the Communications industry 11.6%.


Return on Equity

High ROE: MSI's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Discover strong past performing companies

Financial Health

How is Motorola Solutions's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: MSI has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: MSI has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: MSI has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: MSI's has negative shareholder equity, so we do not need to check if its debt has reduced over time.

Debt Coverage: MSI's debt is well covered by operating cash flow (20.6%).

Interest Coverage: MSI's interest payments on its debt are well covered by EBIT (8.1x coverage).


Balance Sheet


Discover healthy companies

Dividend

What is Motorola Solutions's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


1.40%

Current Dividend Yield

Dividend Yield vs Market

Motorola Solutions Dividend Yield vs Market
How does Motorola Solutions dividend yield compare to the market?
SegmentDividend Yield
Company (Motorola Solutions)1.4%
Market Bottom 25% (US)1.7%
Market Top 25% (US)4.7%
Industry Average (Communications)3.7%
Analyst forecast in 3 Years (Motorola Solutions)1.6%

Notable Dividend: MSI's dividend (1.4%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.67%).

High Dividend: MSI's dividend (1.4%) is low compared to the top 25% of dividend payers in the US market (4.68%).


Stability and Growth of Payments

Stable Dividend: MSI's dividends per share have been stable in the past 10 years.

Growing Dividend: MSI's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (43.1%), MSI's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (52.8%), MSI's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

3.8yrs

Average management tenure


CEO

Greg Brown (62 yo)

15.17yrs

Tenure

US$19,980,639

Compensation

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 Jul...


CEO Compensation Analysis

Greg Brown's Compensation vs Motorola Solutions Earnings
How has Greg Brown's remuneration changed compared to Motorola Solutions's earnings?
DateTotal Comp.SalaryCompany Earnings
Jul 02 2022n/an/a

US$1b

Apr 02 2022n/an/a

US$1b

Dec 31 2021US$20mUS$1m

US$1b

Oct 02 2021n/an/a

US$1b

Jul 03 2021n/an/a

US$1b

Apr 03 2021n/an/a

US$996m

Dec 31 2020US$23mUS$938k

US$949m

Sep 26 2020n/an/a

US$780m

Jun 27 2020n/an/a

US$842m

Mar 28 2020n/an/a

US$914m

Dec 31 2019US$24mUS$1m

US$868m

Sep 28 2019n/an/a

US$1b

Jun 29 2019n/an/a

US$1b

Mar 30 2019n/an/a

US$1b

Dec 31 2018US$20mUS$1m

US$966m

Sep 29 2018n/an/a

-US$31m

Jun 30 2018n/an/a

-US$66m

Mar 31 2018n/an/a

-US$115m

Dec 31 2017US$15mUS$1m

-US$155m

Sep 30 2017n/an/a

US$663m

Jul 01 2017n/an/a

US$644m

Apr 01 2017n/an/a

US$620m

Dec 31 2016US$12mUS$1m

US$560m

Oct 01 2016n/an/a

US$594m

Jul 02 2016n/an/a

US$526m

Apr 02 2016n/an/a

US$570m

Dec 31 2015US$13mUS$1m

US$640m

Compensation vs Market: Greg's total compensation ($USD19.98M) is above average for companies of similar size in the US market ($USD13.05M).

Compensation vs Earnings: Greg's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MSI's management team is considered experienced (3.8 years average tenure).


Board Members

Experienced Board: MSI's board of directors are considered experienced (7.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: MSI insiders have only sold shares in the past 3 months.


Recent Insider Transactions

NYSE:MSI Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
12 Sep 22SellUS$645,279Cynthia YazdiIndividual2,546US$253.45
12 Aug 22SellUS$127,145Cynthia YazdiIndividual500US$254.29
10 Aug 22SellUS$224,849Cynthia YazdiIndividual886US$253.78
08 Aug 22SellUS$1,967,523Mark HackerIndividual7,900.11US$249.05
07 Jun 22SellUS$5,493,789Gregory BrownIndividual25,000US$220.99

Ownership Breakdown

What is the ownership structure of MSI?
Owner TypeNumber of SharesOwnership Percentage
State or Government72,8840.04%
Individual Insiders605,4830.4%
General Public20,519,34112.3%
Institutions145,687,41987.3%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 56.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
11.9%
The Vanguard Group, Inc.
19,865,556$4.5b0.19%0.11%
8.42%
BlackRock, Inc.
14,052,510$3.2b-2.11%0.08%
7.08%
Capital Research and Management Company
11,822,082$2.7b2.05%0.19%
4.28%
State Street Global Advisors, Inc.
7,135,890$1.6b-2.8%0.09%
2.16%
Macquarie Investment Management Business Trust
3,599,460$812.3m-1.64%0.91%
1.97%
Geode Capital Management, LLC
3,281,536$740.5m0.55%0.1%
1.92%
AllianceBernstein L.P.
3,197,638$721.6m45.99%0.3%
1.6%
Wellington Management Group LLP
2,669,980$602.5m-2.73%0.11%
1.48%
Neuberger Berman Investment Advisers LLC
2,462,789$555.8m-0.63%0.56%
1.26%
T. Rowe Price Group, Inc.
2,096,526$473.1m-35.2%0.06%
1.22%
Amundi Asset Management
2,040,227$460.4m-11.37%0.14%
1.19%
J.P. Morgan Asset Management, Inc.
1,979,072$446.6m12.05%0.08%
1.14%
Raymond James Financial Inc., Asset Management Arm
1,896,834$428.0m10.51%0.44%
1.14%
Northern Trust Global Investments
1,896,281$427.9m-2.64%0.09%
1.13%
Deutsche Asset & Wealth Management
1,890,165$426.5m-4.09%0.19%
1.1%
Invesco Ltd.
1,840,361$415.3m8.57%0.14%
0.96%
Norges Bank Investment Management
1,610,140$363.3m0%0.05%
0.87%
EdgePoint Investment Group Inc.
1,447,901$326.7m96.63%1.95%
0.87%
Legal & General Investment Management Limited
1,447,848$326.7m1.35%0.1%
0.87%
BNY Mellon Asset Management
1,443,965$325.8m-1.56%0.07%
0.78%
Santa Barbara Asset Management, LLC
1,303,661$294.2m0%3.11%
0.78%
Managed Account Advisors LLC
1,293,891$292.0m4.91%0.08%
0.77%
Victory Capital Management Inc.
1,281,853$289.3m3.84%0.33%
0.73%
California Public Employees' Retirement System
1,223,663$276.1m-2.54%0.26%
0.71%
UBS Asset Management
1,184,435$267.3m-4.2%0.05%

Company Information

Motorola Solutions, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Motorola Solutions, Inc.
  • Ticker: MSI
  • Exchange: NYSE
  • Founded: 1928
  • Industry: Communications Equipment
  • Sector: Tech
  • Implied Market Cap: US$37.659b
  • Shares outstanding: 166.89m
  • Website: https://www.motorolasolutions.com

Number of Employees


Location

  • Motorola Solutions, Inc.
  • 500 West Monroe Street
  • Suite 4400
  • Chicago
  • Illinois
  • 60661
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
MSINYSE (New York Stock Exchange)YesCommon StockUSUSDJan 1968
0K3HLSE (London Stock Exchange)YesCommon StockGBUSDJan 1968
MTLAXTRA (XETRA Trading Platform)YesCommon StockDEEURJan 1968
MSI *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNJan 1968
MTLADB (Deutsche Boerse AG)YesCommon StockDEEURJan 1968
MOT-UETLX (Eurotlx)YesCommon StockITEURJan 1968
MOSIWBAG (Wiener Boerse AG)YesCommon StockATEURJan 1968
MSIBASE (Buenos Aires Stock Exchange)CEDEAR EACH REP 1/5 ORD USD3ARARSSep 2000
M1SI34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 4 REPR 1 COMBRBRLJan 2020

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/27 00:00
End of Day Share Price2022/09/27 00:00
Earnings2022/07/02
Annual Earnings2021/12/31


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.