Intrinsic value of Motorola Solutions, Inc. - MSI

Previous Close

$143.36

  Intrinsic Value

$45.44

stock screener

  Rating & Target

str. sell

-68%

Previous close

$143.36

 
Intrinsic value

$45.44

 
Up/down potential

-68%

 
Rating

str. sell

We calculate the intrinsic value of MSI stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 23.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  15.20
  14.18
  13.26
  12.44
  11.69
  11.02
  10.42
  9.88
  9.39
  8.95
  8.56
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
Revenue, $m
  8,459
  9,659
  10,940
  12,300
  13,738
  15,252
  16,842
  18,506
  20,243
  22,056
  23,943
  25,906
  27,948
  30,070
  32,275
  34,567
  36,948
  39,424
  41,999
  44,678
  47,466
  50,369
  53,393
  56,545
  59,833
  63,262
  66,843
  70,581
  74,487
  78,569
Variable operating expenses, $m
  6,717
  7,631
  8,606
  9,642
  10,738
  11,891
  13,102
  14,369
  15,692
  17,073
  18,236
  19,731
  21,286
  22,902
  24,582
  26,327
  28,141
  30,027
  31,988
  34,028
  36,151
  38,362
  40,666
  43,067
  45,570
  48,183
  50,909
  53,757
  56,732
  59,841
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  6,717
  7,631
  8,606
  9,642
  10,738
  11,891
  13,102
  14,369
  15,692
  17,073
  18,236
  19,731
  21,286
  22,902
  24,582
  26,327
  28,141
  30,027
  31,988
  34,028
  36,151
  38,362
  40,666
  43,067
  45,570
  48,183
  50,909
  53,757
  56,732
  59,841
Operating income, $m
  1,742
  2,028
  2,333
  2,658
  3,000
  3,361
  3,740
  4,137
  4,551
  4,983
  5,707
  6,175
  6,662
  7,168
  7,693
  8,240
  8,807
  9,398
  10,011
  10,650
  11,314
  12,006
  12,727
  13,479
  14,262
  15,080
  15,933
  16,824
  17,755
  18,728
EBITDA, $m
  2,283
  2,607
  2,952
  3,319
  3,707
  4,116
  4,545
  4,994
  5,463
  5,952
  6,461
  6,991
  7,542
  8,115
  8,710
  9,328
  9,971
  10,639
  11,334
  12,057
  12,809
  13,593
  14,409
  15,260
  16,147
  17,072
  18,038
  19,047
  20,101
  21,203
Interest expense (income), $m
  191
  287
  236
  311
  391
  476
  565
  660
  759
  862
  971
  1,084
  1,201
  1,324
  1,451
  1,583
  1,720
  1,863
  2,012
  2,166
  2,326
  2,493
  2,667
  2,848
  3,036
  3,233
  3,437
  3,651
  3,874
  4,107
  4,350
Earnings before tax, $m
  1,455
  1,791
  2,022
  2,267
  2,525
  2,796
  3,080
  3,378
  3,689
  4,012
  4,624
  4,974
  5,338
  5,717
  6,110
  6,519
  6,944
  7,386
  7,845
  8,324
  8,821
  9,339
  9,880
  10,442
  11,030
  11,642
  12,282
  12,950
  13,648
  14,378
Tax expense, $m
  393
  484
  546
  612
  682
  755
  832
  912
  996
  1,083
  1,248
  1,343
  1,441
  1,544
  1,650
  1,760
  1,875
  1,994
  2,118
  2,247
  2,382
  2,522
  2,667
  2,819
  2,978
  3,143
  3,316
  3,497
  3,685
  3,882
Net income, $m
  1,062
  1,308
  1,476
  1,655
  1,843
  2,041
  2,249
  2,466
  2,693
  2,929
  3,375
  3,631
  3,897
  4,173
  4,461
  4,759
  5,069
  5,392
  5,727
  6,076
  6,439
  6,818
  7,212
  7,623
  8,052
  8,499
  8,966
  9,454
  9,963
  10,496

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  10,845
  12,383
  14,025
  15,769
  17,613
  19,554
  21,592
  23,725
  25,953
  28,276
  30,696
  33,213
  35,831
  38,551
  41,378
  44,316
  47,370
  50,544
  53,845
  57,279
  60,853
  64,575
  68,453
  72,494
  76,709
  81,106
  85,696
  90,489
  95,496
  100,730
Adjusted assets (=assets-cash), $m
  10,845
  12,383
  14,025
  15,769
  17,613
  19,554
  21,592
  23,725
  25,953
  28,276
  30,696
  33,213
  35,831
  38,551
  41,378
  44,316
  47,370
  50,544
  53,845
  57,279
  60,853
  64,575
  68,453
  72,494
  76,709
  81,106
  85,696
  90,489
  95,496
  100,730
Revenue / Adjusted assets
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
  0.780
Average production assets, $m
  2,318
  2,646
  2,997
  3,370
  3,764
  4,179
  4,615
  5,071
  5,547
  6,043
  6,560
  7,098
  7,658
  8,239
  8,843
  9,471
  10,124
  10,802
  11,508
  12,242
  13,006
  13,801
  14,630
  15,493
  16,394
  17,334
  18,315
  19,339
  20,409
  21,528
Working capital, $m
  -59
  -68
  -77
  -86
  -96
  -107
  -118
  -130
  -142
  -154
  -168
  -181
  -196
  -210
  -226
  -242
  -259
  -276
  -294
  -313
  -332
  -353
  -374
  -396
  -419
  -443
  -468
  -494
  -521
  -550
Total debt, $m
  4,379
  5,763
  7,241
  8,810
  10,470
  12,217
  14,051
  15,971
  17,976
  20,067
  22,244
  24,510
  26,866
  29,314
  31,859
  34,503
  37,251
  40,108
  43,078
  46,169
  49,386
  52,736
  56,225
  59,863
  63,656
  67,613
  71,744
  76,058
  80,564
  85,275
Total liabilities, $m
  9,761
  11,145
  12,623
  14,192
  15,852
  17,599
  19,433
  21,353
  23,358
  25,449
  27,626
  29,892
  32,248
  34,696
  37,241
  39,885
  42,633
  45,490
  48,460
  51,551
  54,768
  58,118
  61,607
  65,245
  69,038
  72,995
  77,126
  81,440
  85,946
  90,657
Total equity, $m
  1,085
  1,238
  1,403
  1,577
  1,761
  1,955
  2,159
  2,373
  2,595
  2,828
  3,070
  3,321
  3,583
  3,855
  4,138
  4,432
  4,737
  5,054
  5,384
  5,728
  6,085
  6,458
  6,845
  7,249
  7,671
  8,111
  8,570
  9,049
  9,550
  10,073
Total liabilities and equity, $m
  10,846
  12,383
  14,026
  15,769
  17,613
  19,554
  21,592
  23,726
  25,953
  28,277
  30,696
  33,213
  35,831
  38,551
  41,379
  44,317
  47,370
  50,544
  53,844
  57,279
  60,853
  64,576
  68,452
  72,494
  76,709
  81,106
  85,696
  90,489
  95,496
  100,730
Debt-to-equity ratio
  4.040
  4.650
  5.160
  5.590
  5.940
  6.250
  6.510
  6.730
  6.930
  7.100
  7.250
  7.380
  7.500
  7.600
  7.700
  7.790
  7.860
  7.940
  8.000
  8.060
  8.120
  8.170
  8.210
  8.260
  8.300
  8.340
  8.370
  8.410
  8.440
  8.470
Adjusted equity ratio
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100
  0.100

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,062
  1,308
  1,476
  1,655
  1,843
  2,041
  2,249
  2,466
  2,693
  2,929
  3,375
  3,631
  3,897
  4,173
  4,461
  4,759
  5,069
  5,392
  5,727
  6,076
  6,439
  6,818
  7,212
  7,623
  8,052
  8,499
  8,966
  9,454
  9,963
  10,496
Depreciation, amort., depletion, $m
  541
  579
  619
  662
  707
  755
  805
  857
  912
  969
  754
  816
  880
  947
  1,016
  1,089
  1,164
  1,242
  1,323
  1,407
  1,495
  1,586
  1,682
  1,781
  1,884
  1,992
  2,105
  2,223
  2,346
  2,474
Funds from operations, $m
  1,603
  1,886
  2,095
  2,316
  2,550
  2,796
  3,054
  3,323
  3,605
  3,898
  4,129
  4,447
  4,777
  5,120
  5,477
  5,848
  6,233
  6,633
  7,050
  7,483
  7,934
  8,404
  8,894
  9,404
  9,936
  10,491
  11,071
  11,677
  12,309
  12,970
Change in working capital, $m
  -8
  -8
  -9
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -15
  -16
  -17
  -17
  -18
  -19
  -20
  -20
  -21
  -22
  -23
  -24
  -25
  -26
  -27
  -29
Cash from operations, $m
  1,611
  1,895
  2,104
  2,326
  2,560
  2,806
  3,065
  3,335
  3,617
  3,911
  4,143
  4,461
  4,792
  5,135
  5,493
  5,864
  6,250
  6,651
  7,068
  7,502
  7,954
  8,424
  8,915
  9,426
  9,959
  10,515
  11,096
  11,703
  12,336
  12,999
Maintenance CAPEX, $m
  -231
  -266
  -304
  -345
  -387
  -433
  -480
  -530
  -583
  -638
  -695
  -754
  -816
  -880
  -947
  -1,016
  -1,089
  -1,164
  -1,242
  -1,323
  -1,407
  -1,495
  -1,586
  -1,682
  -1,781
  -1,884
  -1,992
  -2,105
  -2,223
  -2,346
New CAPEX, $m
  -307
  -329
  -351
  -373
  -394
  -415
  -435
  -456
  -476
  -497
  -517
  -538
  -559
  -581
  -604
  -628
  -653
  -678
  -705
  -734
  -764
  -795
  -829
  -864
  -901
  -940
  -981
  -1,024
  -1,070
  -1,119
Cash from investing activities, $m
  -538
  -595
  -655
  -718
  -781
  -848
  -915
  -986
  -1,059
  -1,135
  -1,212
  -1,292
  -1,375
  -1,461
  -1,551
  -1,644
  -1,742
  -1,842
  -1,947
  -2,057
  -2,171
  -2,290
  -2,415
  -2,546
  -2,682
  -2,824
  -2,973
  -3,129
  -3,293
  -3,465
Free cash flow, $m
  1,073
  1,300
  1,449
  1,609
  1,779
  1,959
  2,149
  2,349
  2,558
  2,777
  2,931
  3,169
  3,416
  3,674
  3,941
  4,219
  4,508
  4,809
  5,121
  5,445
  5,783
  6,134
  6,500
  6,881
  7,277
  7,691
  8,123
  8,573
  9,043
  9,535
Issuance/(repayment) of debt, $m
  -941
  1,384
  1,478
  1,570
  1,659
  1,747
  1,834
  1,920
  2,005
  2,091
  2,178
  2,266
  2,356
  2,448
  2,544
  2,644
  2,748
  2,857
  2,971
  3,091
  3,217
  3,350
  3,490
  3,637
  3,793
  3,957
  4,131
  4,314
  4,507
  4,710
Issuance/(repurchase) of shares, $m
  1,316
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  375
  1,384
  1,478
  1,570
  1,659
  1,747
  1,834
  1,920
  2,005
  2,091
  2,178
  2,266
  2,356
  2,448
  2,544
  2,644
  2,748
  2,857
  2,971
  3,091
  3,217
  3,350
  3,490
  3,637
  3,793
  3,957
  4,131
  4,314
  4,507
  4,710
Total cash flow (excl. dividends), $m
  1,447
  2,684
  2,927
  3,178
  3,438
  3,706
  3,983
  4,268
  4,563
  4,868
  5,108
  5,434
  5,772
  6,122
  6,486
  6,863
  7,256
  7,666
  8,092
  8,536
  9,000
  9,484
  9,989
  10,518
  11,071
  11,649
  12,254
  12,887
  13,550
  14,245
Retained Cash Flow (-), $m
  -2,378
  -154
  -164
  -174
  -184
  -194
  -204
  -213
  -223
  -232
  -242
  -252
  -262
  -272
  -283
  -294
  -305
  -317
  -330
  -343
  -357
  -372
  -388
  -404
  -421
  -440
  -459
  -479
  -501
  -523
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -931
  2,530
  2,763
  3,004
  3,254
  3,512
  3,779
  4,055
  4,340
  4,635
  4,866
  5,183
  5,510
  5,850
  6,203
  6,570
  6,951
  7,348
  7,762
  8,193
  8,642
  9,112
  9,602
  10,114
  10,649
  11,209
  11,795
  12,408
  13,049
  13,721
Discount rate, %
  12.20
  12.81
  13.45
  14.12
  14.83
  15.57
  16.35
  17.17
  18.02
  18.93
  19.87
  20.87
  21.91
  23.00
  24.16
  25.36
  26.63
  27.96
  29.36
  30.83
  32.37
  33.99
  35.69
  37.47
  39.35
  41.31
  43.38
  45.55
  47.83
  50.22
PV of cash for distribution, $m
  -829
  1,988
  1,892
  1,771
  1,630
  1,474
  1,309
  1,142
  977
  819
  663
  533
  419
  322
  242
  177
  126
  87
  58
  38
  24
  15
  9
  5
  3
  1
  1
  0
  0
  0
Current shareholders' claim on cash, %
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0
  50.0

Motorola Solutions, Inc. is a provider of communication infrastructure, devices, accessories, software and services. The Company operates through two segments: Products and Services. The Company's Products segment offers a portfolio of infrastructure, devices, accessories and software. The Products segment has two product lines: Devices and Systems. The primary customers of the Products segment are government, public safety and first-responder agencies, municipalities, and commercial and industrial customers operating private communications networks and manage a mobile workforce. The Company's Services segment provides a range of service offerings for government, public safety and commercial communication networks. The Services segment product lines include Integration services, Managed & Support services, and Integrated Digital Enhanced Network (iDEN) services.

FINANCIAL RATIOS  of  Motorola Solutions, Inc. (MSI)

Valuation Ratios
P/E Ratio 42.2
Price to Sales 3.9
Price to Book -24.5
Price to Tangible Book
Price to Cash Flow 20.3
Price to Free Cash Flow 26.4
Growth Rates
Sales Growth Rate 6%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 54.9%
Cap. Spend. - 3 Yr. Gr. Rate 9.9%
Financial Strength
Quick Ratio 269
Current Ratio 0
LT Debt to Equity -455.6%
Total Debt to Equity -456%
Interest Coverage 5
Management Effectiveness
Return On Assets 8.2%
Ret/ On Assets - 3 Yr. Avg. 9.4%
Return On Total Capital 14.6%
Ret/ On T. Cap. - 3 Yr. Avg. 15.8%
Return On Equity -104.7%
Return On Equity - 3 Yr. Avg. -5.9%
Asset Turnover 0.7
Profitability Ratios
Gross Margin 47.5%
Gross Margin - 3 Yr. Avg. 47.8%
EBITDA Margin 22%
EBITDA Margin - 3 Yr. Avg. 9.7%
Operating Margin 17.6%
Oper. Margin - 3 Yr. Avg. 5.7%
Pre-Tax Margin 14%
Pre-Tax Margin - 3 Yr. Avg. 3.4%
Net Profit Margin 9.3%
Net Profit Margin - 3 Yr. Avg. 14%
Effective Tax Rate 33.4%
Eff/ Tax Rate - 3 Yr. Avg. 34.4%
Payout Ratio 50%

MSI stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MSI stock intrinsic value calculation we used $7343 million for the last fiscal year's total revenue generated by Motorola Solutions, Inc.. The default revenue input number comes from 0001 income statement of Motorola Solutions, Inc.. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MSI stock valuation model: a) initial revenue growth rate of 15.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 12.2%, whose default value for MSI is calculated based on our internal credit rating of Motorola Solutions, Inc., is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Motorola Solutions, Inc..
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MSI stock the variable cost ratio is equal to 79.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for MSI stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Motorola Solutions, Inc..

Corporate tax rate of 27% is the nominal tax rate for Motorola Solutions, Inc.. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MSI stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MSI are equal to 27.4%.

Life of production assets of 8.7 years is the average useful life of capital assets used in Motorola Solutions, Inc. operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MSI is equal to -0.7%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $-1293 million for Motorola Solutions, Inc. - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 163.894 million for Motorola Solutions, Inc. is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Motorola Solutions, Inc. at the current share price and the inputted number of shares is $23.5 billion.

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