Motorola Solutions Inc. (NYSE:MSI)

The analysis of the financial data over the given time frame reveals several distinct trends in share price, operating profit per share, and the price-to-operating-profit ratio (P/OP).

Share Price

The share price exhibited significant volatility initially, decreasing sharply from 155.33 US$ in early 2006 to a low of 25.34 US$ in early 2009. Following this decline, the share price began a steady and sustained recovery, rising consistently over the subsequent years to reach 323.9 US$ by early 2024. This represents a more than tenfold increase from its lowest point, indicating strong market confidence and growth over the long term.

Operating Profit Per Share

Operating profit per share showed a negative trajectory in the years surrounding the 2008 financial crisis, with losses reported in 2008, 2009, and 2015, reaching a low of -7.35 US$ in early 2009. After this period, operating profit per share generally improved, moving into positive territory by 2010 and displaying a rising trend thereafter. By 2024, the operating profit per share reached 13.81 US$, marking a robust recovery and consistent operational profitability in recent years.

Price-to-Operating-Profit Ratio (P/OP)

The P/OP ratio data is incomplete but reveals some patterns. Initially, the ratio was relatively moderate around 11-12 in 2006-2007 but showed a gap in data during the years of negative operating profit. Upon resumption, the ratio increased significantly, climbing from around 13 in 2012-2014 to a peak near 26.92 in 2023, then slightly declining to 23.46 in 2024. The increased ratio suggests that the market placed a higher valuation on the operating profit, reflecting optimistic investor sentiment or expectations of future growth during these years.

Overall, the financial data indicates that the company experienced a challenging period during the late 2000s, likely impacted by broader economic conditions. However, it demonstrated considerable recovery and growth in both market valuation and operating profitability over the following decade. The rising share price coupled with improving operating profit per share and elevated valuation multiples underscores the enhancement in operational performance and market perception over this period.