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MICRON TECHNOLOGY INC (MTE.DE) Stock Fundamental Analysis

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

103.24  +1.38 (+1.35%)

Fundamental Rating

5

Taking everything into account, MTE scores 5 out of 10 in our fundamental rating. MTE was compared to 51 industry peers in the Semiconductors & Semiconductor Equipment industry. MTE has only an average score on both its financial health and profitability. MTE is growing strongly while it is still valued neutral. This is a good combination!


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

In the past year MTE was profitable.
In the past year MTE had a positive cash flow from operations.
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.
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

With a Return On Assets value of 7.94%, MTE perfoms like the industry average, outperforming 52.94% of the companies in the same industry.
Looking at the Return On Equity, with a value of 12.27%, MTE is in line with its industry, outperforming 50.98% of the companies in the same industry.
With a Return On Invested Capital value of 7.18%, MTE perfoms like the industry average, outperforming 43.14% 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's Profit Margin of 18.41% is fine compared to the rest of the industry. MTE outperforms 62.75% of its industry peers.
MTE's Profit Margin has declined in the last couple of years.
MTE has a better Operating Margin (22.77%) than 62.75% of its industry peers.
In the last couple of years the Operating Margin of MTE has declined.
The Gross Margin of MTE (37.13%) is worse than 78.43% of its industry peers.
MTE's Gross Margin has declined in the last couple of years.
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.
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.
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 4.74 indicates that MTE is not in any danger for bankruptcy at the moment.
MTE has a Altman-Z score of 4.74. This is comparable to the rest of the industry: MTE outperforms 47.06% of its industry peers.
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.
With a Debt to FCF ratio value of 8.26, MTE is not doing good in the industry: 64.71% of the companies in the same industry are doing better.
A Debt/Equity ratio of 0.30 indicates that MTE is not too dependend on debt financing.
MTE has a Debt to Equity ratio (0.30) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.3
Debt/FCF 8.26
Altman-Z 4.74
ROIC/WACC0.65
WACC11.03%
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 has a better Current ratio (2.75) than 70.59% of its industry peers.
MTE has a Quick Ratio of 1.89. This is a normal value and indicates that MTE is financially healthy and should not expect problems in meeting its short term obligations.
MTE has a better Quick ratio (1.89) than 62.75% 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

MTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 757.14%, which is quite impressive.
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%.
Measured over the past years, MTE shows a small growth in Revenue. The Revenue has been growing by 1.42% on average per year.
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

The Earnings Per Share is expected to grow by 54.12% on average over the next years. This is a very strong growth
Based on estimates for the next years, MTE will show a quite strong growth in Revenue. The Revenue will grow by 13.70% on average per year.
EPS Next Y468.51%
EPS Next 2Y198.11%
EPS Next 3Y109.24%
EPS Next 5Y54.12%
Revenue Next Year41.78%
Revenue Next 2Y33.54%
Revenue Next 3Y22.43%
Revenue Next 5Y13.7%

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
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

6

4. Valuation

4.1 Price/Earnings Ratio

MTE is valuated rather expensively with a Price/Earnings ratio of 18.81.
MTE's Price/Earnings ratio is a bit cheaper when compared to the industry. MTE is cheaper than 72.55% of the companies in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 27.29, MTE is valued a bit cheaper.
The Price/Forward Earnings ratio is 10.73, which indicates a very decent valuation of MTE.
MTE's Price/Forward Earnings ratio is rather cheap when compared to the industry. MTE is cheaper than 90.20% of the companies in the same industry.
MTE is valuated cheaply when we compare the Price/Forward Earnings ratio to 21.74, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 18.81
Fwd PE 10.73
MTE.DE Price Earnings VS Forward Price EarningsMTE.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

4.2 Price Multiples

MTE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MTE is cheaper than 76.47% of the companies in the same industry.
MTE's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 71.94
EV/EBITDA 8.66
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.
A more expensive valuation may be justified as MTE's earnings are expected to grow with 109.24% in the coming years.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y198.11%
EPS Next 3Y109.24%

3

5. Dividend

5.1 Amount

With a yearly dividend of 0.38%, MTE is not a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 1.12, MTE has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.37, MTE's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.38%

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 2Y198.11%
EPS Next 3Y109.24%
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 (7/8/2025, 10:28:49 AM)

103.24

+1.38 (+1.35%)

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 Cap115.38B
Analysts82.04
Price Target108.57 (5.16%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.38%
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)0.5%
PT rev (3m)-7.12%
EPS NQ rev (1m)29.95%
EPS NQ rev (3m)27.35%
EPS NY rev (1m)0.33%
EPS NY rev (3m)0.63%
Revenue NQ rev (1m)10.08%
Revenue NQ rev (3m)9.59%
Revenue NY rev (1m)0.27%
Revenue NY rev (3m)0.43%
Valuation
Industry RankSector Rank
PE 18.81
Fwd PE 10.73
P/S 4
P/FCF 71.94
P/OCF 8.9
P/B 2.67
P/tB 2.75
EV/EBITDA 8.66
EPS(TTM)5.49
EY5.32%
EPS(NY)9.62
Fwd EY9.32%
FCF(TTM)1.44
FCFY1.39%
OCF(TTM)11.6
OCFY11.23%
SpS25.8
BVpS38.72
TBVpS37.52
PEG (NY)0.04
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 4.74
F-Score7
WACC11.03%
ROIC/WACC0.65
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 Y468.51%
EPS Next 2Y198.11%
EPS Next 3Y109.24%
EPS Next 5Y54.12%
Revenue 1Y (TTM)58.22%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%36.56%
Revenue Next Year41.78%
Revenue Next 2Y33.54%
Revenue Next 3Y22.43%
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%