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MICRON TECHNOLOGY INC (MTE.DE) Stock Fundamental Analysis

FRA:MTE - Deutsche Boerse Ag - US5951121038 - Common Stock - Currency: EUR

97.91  +0.25 (+0.26%)

Fundamental Rating

5

Overall MTE gets a fundamental rating of 5 out of 10. We evaluated MTE against 54 industry peers in the Semiconductors & Semiconductor Equipment industry. While MTE seems to be doing ok healthwise, there are quite some concerns on its profitability. An interesting combination arises when we look at growth and value: MTE is growing strongly while it also seems undervalued.


Dividend Valuation Growth Profitability Health

3

1. Profitability

1.1 Basic Checks

MTE had positive earnings in the past year.
In the past year MTE had a positive cash flow from operations.
Of the past 5 years MTE 4 years were profitable.
In the past 5 years MTE always reported a positive cash flow from operatings.
MTE.DE Yearly Net Income VS EBIT VS OCF VS FCFMTE.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

1.2 Ratios

MTE's Return On Assets of 7.94% is in line compared to the rest of the industry. MTE outperforms 50.00% of its industry peers.
MTE has a Return On Equity (12.27%) which is in line with its industry peers.
Looking at the Return On Invested Capital, with a value of 7.18%, MTE is in line with its industry, outperforming 42.59% of the companies in the same industry.
Industry RankSector Rank
ROA 7.94%
ROE 12.27%
ROIC 7.18%
ROA(3y)1.72%
ROA(5y)4.02%
ROE(3y)1.97%
ROE(5y)5.23%
ROIC(3y)N/A
ROIC(5y)N/A
MTE.DE Yearly ROA, ROE, ROICMTE.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

1.3 Margins

MTE has a Profit Margin (18.41%) which is comparable to the rest of the industry.
MTE's Profit Margin has declined in the last couple of years.
MTE has a Operating Margin (22.77%) which is comparable to the rest of the industry.
In the last couple of years the Operating Margin of MTE has declined.
The Gross Margin of MTE (37.13%) is worse than 79.63% of its industry peers.
In the last couple of years the Gross Margin of MTE has declined.
Industry RankSector Rank
OM 22.77%
PM (TTM) 18.41%
GM 37.13%
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%
MTE.DE Yearly Profit, Operating, Gross MarginsMTE.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MTE is destroying value.
The number of shares outstanding for MTE has been increased compared to 1 year ago.
Compared to 5 years ago, MTE has more shares outstanding
The debt/assets ratio for MTE has been reduced compared to a year ago.
MTE.DE Yearly Shares OutstandingMTE.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
MTE.DE Yearly Total Debt VS Total AssetsMTE.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

2.2 Solvency

An Altman-Z score of 4.59 indicates that MTE is not in any danger for bankruptcy at the moment.
Looking at the Altman-Z score, with a value of 4.59, MTE is in line with its industry, outperforming 44.44% of the companies in the same industry.
MTE has a debt to FCF ratio of 8.26. This is a slightly negative value and a sign of low solvency as MTE would need 8.26 years to pay back of all of its debts.
The Debt to FCF ratio of MTE (8.26) is worse than 62.96% of its industry peers.
MTE has a Debt/Equity ratio of 0.30. This is a healthy value indicating a solid balance between debt and equity.
MTE has a Debt to Equity ratio of 0.30. This is comparable to the rest of the industry: MTE outperforms 46.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 8.26
Altman-Z 4.59
ROIC/WACC0.64
WACC11.13%
MTE.DE Yearly LT Debt VS Equity VS FCFMTE.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B

2.3 Liquidity

A Current Ratio of 2.75 indicates that MTE has no problem at all paying its short term obligations.
MTE's Current ratio of 2.75 is fine compared to the rest of the industry. MTE outperforms 70.37% of its industry peers.
A Quick Ratio of 1.89 indicates that MTE should not have too much problems paying its short term obligations.
MTE has a better Quick ratio (1.89) than 64.81% of its industry peers.
Industry RankSector Rank
Current Ratio 2.75
Quick Ratio 1.89
MTE.DE Yearly Current Assets VS Current LiabilitesMTE.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

7

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 757.14% over the past year.
Measured over the past years, MTE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -27.38% on average per year.
MTE shows a strong growth in Revenue. In the last year, the Revenue has grown by 58.22%.
The Revenue has been growing slightly by 1.42% on average over the past years.
EPS 1Y (TTM)757.14%
EPS 3Y-40.6%
EPS 5Y-27.38%
EPS Q2Q%208.06%
Revenue 1Y (TTM)58.22%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%36.56%

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 54.12% on average per year.
The Revenue is expected to grow by 13.70% on average over the next years. This is quite good.
EPS Next Y528.98%
EPS Next 2Y214.82%
EPS Next 3Y119.92%
EPS Next 5Y54.12%
Revenue Next Year46.66%
Revenue Next 2Y38.5%
Revenue Next 3Y26.91%
Revenue Next 5Y13.7%

3.3 Evolution

When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
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.
MTE.DE Yearly Revenue VS EstimatesMTE.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B 40B 50B
MTE.DE Yearly EPS VS EstimatesMTE.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 5 10

7

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 17.61, MTE is valued on the expensive side.
Based on the Price/Earnings ratio, MTE is valued cheaply inside the industry as 81.48% of the companies are valued more expensively.
Compared to an average S&P500 Price/Earnings ratio of 27.50, MTE is valued a bit cheaper.
Based on the Price/Forward Earnings ratio of 9.01, the valuation of MTE can be described as reasonable.
Based on the Price/Forward Earnings ratio, MTE is valued cheaply inside the industry as 92.59% of the companies are valued more expensively.
The average S&P500 Price/Forward Earnings ratio is at 36.44. MTE is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 17.61
Fwd PE 9.01
MTE.DE Price Earnings VS Forward Price EarningsMTE.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

83.33% of the companies in the same industry are more expensive than MTE, based on the Enterprise Value to EBITDA ratio.
MTE's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 67.45
EV/EBITDA 8.22
MTE.DE Per share dataMTE.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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 119.92% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.03
PEG (5Y)N/A
EPS Next 2Y214.82%
EPS Next 3Y119.92%

3

5. Dividend

5.1 Amount

MTE has a yearly dividend return of 0.37%, which is pretty low.
Compared to an average industry Dividend Yield of 1.19, MTE has a dividend in line with its industry peers.
With a Dividend Yield of 0.37, MTE pays less dividend than the S&P500 average, which is at 2.35.
Industry RankSector Rank
Dividend Yield 0.37%

5.2 History

The dividend of MTE is nicely growing with an annual growth rate of 72.66%!
Dividend Growth(5Y)72.66%
Div Incr Years0
Div Non Decr Years3
MTE.DE Yearly Dividends per shareMTE.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

8.37% 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.
DP8.37%
EPS Next 2Y214.82%
EPS Next 3Y119.92%
MTE.DE Yearly Income VS Free CF VS DividendMTE.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B
MTE.DE Dividend Payout.MTE.DE Dividend Payout, showing the Payout Ratio.MTE.DE Dividend Payout.PayoutRetained Earnings

MICRON TECHNOLOGY INC

FRA:MTE (7/18/2025, 5:24:55 PM)

97.91

+0.25 (+0.26%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)06-25 2025-06-25/amc
Earnings (Next)09-23 2025-09-23/amc
Inst Owners83.21%
Inst Owner ChangeN/A
Ins Owners0.22%
Ins Owner ChangeN/A
Market Cap109.57B
Analysts82.04
Price Target108.57 (10.89%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.37%
Yearly Dividend0.4
Dividend Growth(5Y)72.66%
DP8.37%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)11.11%
Min EPS beat(2)6.39%
Max EPS beat(2)15.83%
EPS beat(4)4
Avg EPS beat(4)5.8%
Min EPS beat(4)0.31%
Max EPS beat(4)15.83%
EPS beat(8)8
Avg EPS beat(8)40.5%
EPS beat(12)11
Avg EPS beat(12)16.21%
EPS beat(16)14
Avg EPS beat(16)12.73%
Revenue beat(2)1
Avg Revenue beat(2)0.42%
Min Revenue beat(2)-0.93%
Max Revenue beat(2)1.77%
Revenue beat(4)1
Avg Revenue beat(4)-0.89%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)1.77%
Revenue beat(8)2
Avg Revenue beat(8)-0.03%
Revenue beat(12)2
Avg Revenue beat(12)-0.88%
Revenue beat(16)3
Avg Revenue beat(16)-1.12%
PT rev (1m)0.44%
PT rev (3m)-7.12%
EPS NQ rev (1m)27.55%
EPS NQ rev (3m)30.16%
EPS NY rev (1m)11%
EPS NY rev (3m)11.34%
Revenue NQ rev (1m)9.49%
Revenue NQ rev (3m)10.13%
Revenue NY rev (1m)3.72%
Revenue NY rev (3m)3.86%
Valuation
Industry RankSector Rank
PE 17.61
Fwd PE 9.01
P/S 3.75
P/FCF 67.45
P/OCF 8.35
P/B 2.5
P/tB 2.58
EV/EBITDA 8.22
EPS(TTM)5.56
EY5.68%
EPS(NY)10.87
Fwd EY11.1%
FCF(TTM)1.45
FCFY1.48%
OCF(TTM)11.73
OCFY11.98%
SpS26.09
BVpS39.16
TBVpS37.95
PEG (NY)0.03
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 7.94%
ROE 12.27%
ROCE 11.28%
ROIC 7.18%
ROICexc 8.53%
ROICexgc 8.77%
OM 22.77%
PM (TTM) 18.41%
GM 37.13%
FCFM 5.56%
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 Turnover0.43
Health
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 8.26
Debt/EBITDA 0.94
Cap/Depr 162.65%
Cap/Sales 39.39%
Interest Coverage 250
Cash Conversion 95.66%
Profit Quality 30.22%
Current Ratio 2.75
Quick Ratio 1.89
Altman-Z 4.59
F-Score7
WACC11.13%
ROIC/WACC0.64
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)757.14%
EPS 3Y-40.6%
EPS 5Y-27.38%
EPS Q2Q%208.06%
EPS Next Y528.98%
EPS Next 2Y214.82%
EPS Next 3Y119.92%
EPS Next 5Y54.12%
Revenue 1Y (TTM)58.22%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%36.56%
Revenue Next Year46.66%
Revenue Next 2Y38.5%
Revenue Next 3Y26.91%
Revenue Next 5Y13.7%
EBIT growth 1Y518.48%
EBIT growth 3Y-46.41%
EBIT growth 5Y-32.36%
EBIT Next Year932.39%
EBIT Next 3Y141.38%
EBIT Next 5Y73.34%
FCF growth 1Y139.68%
FCF growth 3Y-63.25%
FCF growth 5Y-48.71%
OCF growth 1Y198.8%
OCF growth 3Y-11.96%
OCF growth 5Y-8.4%