Projected Income Statement: Motorola Solutions, Inc.

Forecast Balance Sheet: Motorola Solutions, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Net Debt 1 3,819 4,689 4,313 3,895 7,997 6,829 5,511 4,284
Change - 22.78% -8.02% -9.69% 105.31% -14.61% -19.3% -22.26%
Announcement Date 09/02/22 09/02/23 08/02/24 13/02/25 11/02/26 - - -
1USD in Million
Estimates

Cash Flow Forecast: Motorola Solutions, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
CAPEX 1 243 256 253 257 265 271.5 293.3 312.2
Change - 5.35% -1.17% 1.58% 3.11% 2.44% 8.04% 6.45%
Free Cash Flow (FCF) 1 1,594 1,567 1,791 2,134 2,572 2,791 3,076 3,334
Change - -1.69% 14.29% 19.15% 20.52% 8.51% 10.2% 8.38%
Announcement Date 09/02/22 09/02/23 08/02/24 13/02/25 11/02/26 - - -
1USD in Million
Estimates

Forecast Financial Ratios: Motorola Solutions, Inc.

Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028

Profitability

        
EBITDA Margin (%) 28.38% 28% 29.7% 30.75% 31.91% 33.86% 34.2% 34.61%
EBIT Margin (%) 25.91% 25.99% 27.9% 29.05% 30.28% 31.35% 31.7% 32.07%
EBT Margin (%) 18.99% 16.63% 21.51% 18.23% 24.07% 23.78% 24.93% 25.64%
Net margin (%) 15.24% 14.96% 17.13% 14.58% 18.44% 18.49% 19.19% 19.83%
FCF margin (%) 19.51% 17.2% 17.95% 19.73% 22.02% 21.98% 22.89% 23.52%
FCF / Net Income (%) 128.03% 114.97% 104.8% 135.32% 119.41% 118.91% 119.32% 118.57%

Profitability

        
ROA 10.8% 14.24% 13.07% 11.29% 12.68% 12.78% 13.46% 13.5%
ROE - - 406.9% 129.95% 104.74% 92.15% 71.19% 65.22%

Financial Health

        
Leverage (Debt/EBITDA) 1.65x 1.84x 1.46x 1.17x 2.15x 1.59x 1.2x 0.87x
Debt / Free cash flow 2.4x 2.99x 2.41x 1.83x 3.11x 2.45x 1.79x 1.29x

Capital Intensity

        
CAPEX / Current Assets (%) 2.97% 2.81% 2.54% 2.38% 2.27% 2.14% 2.18% 2.2%
CAPEX / EBITDA (%) 10.48% 10.04% 8.54% 7.73% 7.11% 6.31% 6.38% 6.36%
CAPEX / FCF (%) 15.24% 16.34% 14.13% 12.04% 10.3% 9.73% 9.54% 9.37%

Items per share

        
Cash flow per share 1 10.58 10.6 11.88 14 16.79 18.88 20.11 -
Change - 0.22% 11.99% 17.87% 19.92% 12.47% 6.52% -
Dividend per Share 1 2.92 3.25 3.62 4.03 - 4.86 5.303 5.713
Change - 11.3% 11.38% 11.33% - - 9.12% 7.72%
Book Value Per Share 1 -0.2304 0.6748 4.207 9.971 - 21.17 29.5 36.95
Change - 392.88% 523.43% 137.01% - - 39.34% 25.27%
EPS 1 7.17 7.93 9.93 9.23 12.75 14 15.44 17.01
Change - 10.6% 25.22% -7.05% 38.14% 9.79% 10.28% 10.18%
Nbr of stocks (in thousands) 168,897 167,203 165,968 167,121 166,555 165,659 165,659 165,659
Announcement Date 09/02/22 09/02/23 08/02/24 13/02/25 11/02/26 - - -
1USD
Estimates
2026 *2027 *
P/E ratio 32.9x 29.8x
PBR 21.8x 15.6x
EV / Sales 6.63x 6.17x
Yield 1.05% 1.15%

EPS & Dividend

Y-o-Y evolution of P/E

Year-on-year evolution of the Yield

Trader
Investor
Global
Quality
ESG MSCI
AA
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
14
Last Close Price
467.16USD
Average target price
502.00USD
Spread / Average Target
+7.46%

Quarterly revenue - Rate of surprise

  1. Stock Market
  2. Equities
  3. MSI Stock
  4. Financials Motorola Solutions, Inc.