MICRON TECHNOLOGY INC (MTE.DE) Stock Fundamental Analysis
FRA:MTE - Deutsche Boerse Ag - US5951121038 - Common Stock - Currency: EUR
Taking everything into account, MTE scores 4 out of 10 in our fundamental rating. MTE was compared to 58 industry peers in the Semiconductors & Semiconductor Equipment industry. MTE scores quite bad on profitability, while its financial health is fine. Not spectacular, but in line with the averages. MTE is growing strongly while it is still valued neutral. This is a good combination!
1. Profitability
1.1 Basic Checks
In the past year MTE was profitable.
MTE had a positive operating cash flow in the past year.
MTE had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MTE had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 5.43%, MTE is doing worse than 62.07% of the companies in the same industry.
Looking at the Return On Equity, with a value of 8.30%, MTE is doing worse than 63.79% of the companies in the same industry.
MTE's Return On Invested Capital of 4.45% is on the low side compared to the rest of the industry. MTE is outperformed by 70.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.43% | ||
| ROE | 8.3% | ||
| ROIC | 4.45% |
ROA(3y)1.72%
ROA(5y)4.02%
ROE(3y)1.97%
ROE(5y)5.23%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
With a Profit Margin value of 13.34%, MTE perfoms like the industry average, outperforming 51.72% of the companies in the same industry.
In the last couple of years the Profit Margin of MTE has declined.
MTE has a Operating Margin (15.00%) which is comparable to the rest of the industry.
MTE's Operating Margin has declined in the last couple of years.
With a Gross Margin value of 30.92%, MTE is not doing good in the industry: 87.93% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of MTE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15% | ||
| PM (TTM) | 13.34% | ||
| GM | 30.92% |
OM growth 3Y-44.62%
OM growth 5Y-33.31%
PM growth 3Y-47.29%
PM growth 5Y-35.13%
GM growth 3Y-16.06%
GM growth 5Y-13.34%
2. Health
2.1 Basic Checks
MTE has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
Compared to 1 year ago, MTE has more shares outstanding
MTE has more shares outstanding than it did 5 years ago.
The debt/assets ratio for MTE has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 4.16 indicates that MTE is not in any danger for bankruptcy at the moment.
MTE has a Altman-Z score (4.16) which is in line with its industry peers.
MTE has a debt to FCF ratio of 24.88. This is a negative value and a sign of low solvency as MTE would need 24.88 years to pay back of all of its debts.
MTE has a Debt to FCF ratio of 24.88. This is in the lower half of the industry: MTE underperforms 70.69% of its industry peers.
MTE has a Debt/Equity ratio of 0.28. This is a healthy value indicating a solid balance between debt and equity.
The Debt to Equity ratio of MTE (0.28) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 24.88 | ||
| Altman-Z | 4.16 |
ROIC/WACC0.42
WACC10.65%
2.3 Liquidity
A Current Ratio of 2.72 indicates that MTE has no problem at all paying its short term obligations.
MTE's Current ratio of 2.72 is fine compared to the rest of the industry. MTE outperforms 70.69% of its industry peers.
A Quick Ratio of 1.75 indicates that MTE should not have too much problems paying its short term obligations.
MTE has a Quick ratio of 1.75. This is in the better half of the industry: MTE outperforms 60.34% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.72 | ||
| Quick Ratio | 1.75 |
3. Growth
3.1 Past
MTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 199.75%, which is quite impressive.
The earnings per share for MTE have been decreasing by -27.38% on average. This is quite bad
MTE shows a strong growth in Revenue. In the last year, the Revenue has grown by 79.80%.
MTE shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 1.42% yearly.
EPS 1Y (TTM)199.75%
EPS 3Y-40.6%
EPS 5Y-27.38%
EPS Q2Q%288.42%
Revenue 1Y (TTM)79.8%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%84.28%
3.2 Future
Based on estimates for the next years, MTE will show a very strong growth in Earnings Per Share. The EPS will grow by 54.17% on average per year.
Based on estimates for the next years, MTE will show a quite strong growth in Revenue. The Revenue will grow by 12.96% on average per year.
EPS Next Y457.89%
EPS Next 2Y195.79%
EPS Next 3Y109.36%
EPS Next 5Y54.17%
Revenue Next Year39.2%
Revenue Next 2Y31.87%
Revenue Next 3Y21.37%
Revenue Next 5Y12.96%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 22.62 indicates a rather expensive valuation of MTE.
The rest of the industry has a similar Price/Earnings ratio as MTE.
When comparing the Price/Earnings ratio of MTE to the average of the S&P500 Index (29.35), we can say MTE is valued slightly cheaper.
The Price/Forward Earnings ratio is 8.16, which indicates a very decent valuation of MTE.
Based on the Price/Forward Earnings ratio, MTE is valued cheaper than 96.55% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of MTE to the average of the S&P500 Index (22.10), we can say MTE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.62 | ||
| Fwd PE | 8.16 |
4.2 Price Multiples
Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MTE indicates a somewhat cheap valuation: MTE is cheaper than 65.52% of the companies listed in the same industry.
Based on the Price/Free Cash Flow ratio, MTE is valued a bit more expensive than the industry average as 70.69% of the companies are valued more cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 182.28 | ||
| EV/EBITDA | 8.67 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MTE's earnings are expected to grow with 109.36% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)N/A
EPS Next 2Y195.79%
EPS Next 3Y109.36%
5. Dividend
5.1 Amount
MTE has a yearly dividend return of 0.52%, which is pretty low.
Compared to an average industry Dividend Yield of 1.50, MTE has a dividend in line with its industry peers.
With a Dividend Yield of 0.52, MTE pays less dividend than the S&P500 average, which is at 2.33.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.52% |
5.2 History
On average, the dividend of MTE grows each year by 72.66%, which is quite nice.
Dividend Growth(5Y)72.66%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
13.27% of the earnings are spent on dividend by MTE. This is a low number and sustainable payout ratio.
The dividend of MTE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP13.27%
EPS Next 2Y195.79%
EPS Next 3Y109.36%
FRA:MTE (3/7/2025, 7:00:00 PM)
83.48
-1.5 (-1.77%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners83.05%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap93.01B
Analysts82.17
Price Target125.01 (49.75%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.52% |
Yearly Dividend0.43
Dividend Growth(5Y)72.66%
DP13.27%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)0.48%
Min EPS beat(2)0.31%
Max EPS beat(2)0.66%
EPS beat(4)4
Avg EPS beat(4)71.16%
Min EPS beat(4)0.31%
Max EPS beat(4)265.31%
EPS beat(8)8
Avg EPS beat(8)43.73%
EPS beat(12)11
Avg EPS beat(12)15.11%
EPS beat(16)14
Avg EPS beat(16)11.76%
Revenue beat(2)0
Avg Revenue beat(2)-2.2%
Min Revenue beat(2)-2.93%
Max Revenue beat(2)-1.46%
Revenue beat(4)1
Avg Revenue beat(4)0.11%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)5.68%
Revenue beat(8)1
Avg Revenue beat(8)-0.55%
Revenue beat(12)2
Avg Revenue beat(12)-1.15%
Revenue beat(16)2
Avg Revenue beat(16)-1.36%
PT rev (1m)-0.46%
PT rev (3m)-8.81%
EPS NQ rev (1m)-0.27%
EPS NQ rev (3m)-26.78%
EPS NY rev (1m)-0.39%
EPS NY rev (3m)-22.73%
Revenue NQ rev (1m)-0.04%
Revenue NQ rev (3m)-12.74%
Revenue NY rev (1m)-0.26%
Revenue NY rev (3m)-8.62%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 22.62 | ||
| Fwd PE | 8.16 | ||
| P/S | 3.47 | ||
| P/FCF | 182.28 | ||
| P/OCF | 9.76 | ||
| P/B | 2.16 | ||
| P/tB | 2.23 | ||
| EV/EBITDA | 8.67 |
EPS(TTM)3.69
EY4.42%
EPS(NY)10.23
Fwd EY12.26%
FCF(TTM)0.46
FCFY0.55%
OCF(TTM)8.56
OCFY10.25%
SpS24.05
BVpS38.69
TBVpS37.39
PEG (NY)0.05
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 5.43% | ||
| ROE | 8.3% | ||
| ROCE | 6.99% | ||
| ROIC | 4.45% | ||
| ROICexc | 5.06% | ||
| ROICexgc | 5.21% | ||
| OM | 15% | ||
| PM (TTM) | 13.34% | ||
| GM | 30.92% | ||
| FCFM | 1.9% |
ROA(3y)1.72%
ROA(5y)4.02%
ROE(3y)1.97%
ROE(5y)5.23%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-49.51%
ROICexcg growth 5Y-37.89%
ROICexc growth 3Y-49.41%
ROICexc growth 5Y-37.69%
OM growth 3Y-44.62%
OM growth 5Y-33.31%
PM growth 3Y-47.29%
PM growth 5Y-35.13%
GM growth 3Y-16.06%
GM growth 5Y-13.34%
F-Score7
Asset Turnover0.41
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 24.88 | ||
| Debt/EBITDA | 1.08 | ||
| Cap/Depr | 124.08% | ||
| Cap/Sales | 33.67% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 84.43% | ||
| Profit Quality | 14.27% | ||
| Current Ratio | 2.72 | ||
| Quick Ratio | 1.75 | ||
| Altman-Z | 4.16 |
F-Score7
WACC10.65%
ROIC/WACC0.42
Cap/Depr(3y)125.44%
Cap/Depr(5y)136.66%
Cap/Sales(3y)40.67%
Cap/Sales(5y)39.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)199.75%
EPS 3Y-40.6%
EPS 5Y-27.38%
EPS Q2Q%288.42%
EPS Next Y457.89%
EPS Next 2Y195.79%
EPS Next 3Y109.36%
EPS Next 5Y54.17%
Revenue 1Y (TTM)79.8%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%84.28%
Revenue Next Year39.2%
Revenue Next 2Y31.87%
Revenue Next 3Y21.37%
Revenue Next 5Y12.96%
EBIT growth 1Y168.52%
EBIT growth 3Y-46.41%
EBIT growth 5Y-32.36%
EBIT Next Year924.73%
EBIT Next 3Y143.49%
EBIT Next 5Y72.84%
FCF growth 1Y-40.75%
FCF growth 3Y-63.25%
FCF growth 5Y-48.71%
OCF growth 1Y-15.07%
OCF growth 3Y-11.96%
OCF growth 5Y-8.4%