MICRON TECHNOLOGY INC (MTE.DE) Stock Fundamental Analysis
Europe - FRA:MTE - US5951121038 - Common Stock
168.16 EUR
-8.2 (-4.65%)
We assign a fundamental rating of 6 out of 10 to MTE. MTE was compared to 65 industry peers in the Semiconductors & Semiconductor Equipment industry. Both the profitability and the financial health of MTE get a neutral evaluation. Nothing too spectacular is happening here. MTE is not overvalued while it is showing excellent growth. This is an interesting 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.
Of the past 5 years MTE 4 years were profitable.
MTE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
MTE has a better Return On Assets (10.31%) than 61.54% of its industry peers.
MTE has a better Return On Equity (15.76%) than 63.08% of its industry peers.
MTE has a Return On Invested Capital (10.51%) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.31% | ||
| ROE | 15.76% | ||
| ROIC | 10.51% |
ROA(3y)0.79%
ROA(5y)5.08%
ROE(3y)1.42%
ROE(5y)7%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MTE has a Profit Margin of 22.84%. This is in the better half of the industry: MTE outperforms 70.77% of its industry peers.
MTE's Profit Margin has improved in the last couple of years.
MTE has a better Operating Margin (26.39%) than 64.62% of its industry peers.
MTE's Operating Margin has improved in the last couple of years.
MTE has a Gross Margin of 39.79%. This is in the lower half of the industry: MTE underperforms 69.23% of its industry peers.
In the last couple of years the Gross Margin of MTE has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.39% | ||
| PM (TTM) | 22.84% | ||
| GM | 39.79% |
OM growth 3Y-5.97%
OM growth 5Y12.95%
PM growth 3Y-6.83%
PM growth 5Y12.75%
GM growth 3Y-4.15%
GM growth 5Y5.42%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so 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
MTE has a better debt/assets ratio than last year.
2.2 Solvency
MTE has an Altman-Z score of 6.74. This indicates that MTE is financially healthy and has little risk of bankruptcy at the moment.
MTE has a Altman-Z score of 6.74. This is comparable to the rest of the industry: MTE outperforms 58.46% of its industry peers.
The Debt to FCF ratio of MTE is 8.74, which is on the high side as it means it would take MTE, 8.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MTE (8.74) is worse than 64.62% of its industry peers.
A Debt/Equity ratio of 0.26 indicates that MTE is not too dependend on debt financing.
MTE's Debt to Equity ratio of 0.26 is in line compared to the rest of the industry. MTE outperforms 47.69% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.74 | ||
| Altman-Z | 6.74 |
ROIC/WACC0.92
WACC11.42%
2.3 Liquidity
A Current Ratio of 2.52 indicates that MTE has no problem at all paying its short term obligations.
MTE has a better Current ratio (2.52) than 66.15% of its industry peers.
MTE has a Quick Ratio of 1.79. This is a normal value and indicates that MTE is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of MTE (1.79) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.52 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
MTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 552.76%, which is quite impressive.
The Earnings Per Share has been growing by 23.98% on average over the past years. This is a very strong growth
Looking at the last year, MTE shows a very strong growth in Revenue. The Revenue has grown by 48.85%.
The Revenue has been growing by 11.76% on average over the past years. This is quite good.
EPS 1Y (TTM)552.76%
EPS 3Y-0.2%
EPS 5Y23.98%
EPS Q2Q%156.78%
Revenue 1Y (TTM)48.85%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%46%
3.2 Future
MTE is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 10.58% yearly.
Based on estimates for the next years, MTE will show a quite strong growth in Revenue. The Revenue will grow by 10.14% on average per year.
EPS Next Y63.43%
EPS Next 2Y33.29%
EPS Next 3Y26.51%
EPS Next 5Y10.58%
Revenue Next Year42.92%
Revenue Next 2Y25.2%
Revenue Next 3Y15.59%
Revenue Next 5Y10.14%
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past 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 stable.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 23.62, the valuation of MTE can be described as rather expensive.
Based on the Price/Earnings ratio, MTE is valued a bit cheaper than the industry average as 66.15% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 27.40. MTE is around the same levels.
Based on the Price/Forward Earnings ratio of 14.46, the valuation of MTE can be described as correct.
MTE's Price/Forward Earnings ratio is rather cheap when compared to the industry. MTE is cheaper than 86.15% of the companies in the same industry.
MTE is valuated rather cheaply when we compare the Price/Forward Earnings ratio to 22.94, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.62 | ||
| Fwd PE | 14.46 |
4.2 Price Multiples
MTE's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. MTE is cheaper than 70.77% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of MTE indicates a slightly more expensive valuation: MTE is more expensive than 69.23% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 131.43 | ||
| EV/EBITDA | 12.82 |
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.
The decent profitability rating of MTE may justify a higher PE ratio.
MTE's earnings are expected to grow with 26.51% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.37
PEG (5Y)0.98
EPS Next 2Y33.29%
EPS Next 3Y26.51%
5. Dividend
5.1 Amount
MTE has a yearly dividend return of 0.24%, which is pretty low.
Compared to an average industry Dividend Yield of 1.13, MTE has a dividend in line with its industry peers.
With a Dividend Yield of 0.24, MTE pays less dividend than the S&P500 average, which is at 2.38.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
5.2 History
On average, the dividend of MTE grows each year by 44.07%, which is quite nice.
Dividend Growth(5Y)44.07%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
6.11% of the earnings are spent on dividend by MTE. This is a low number and sustainable payout ratio.
MTE's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP6.11%
EPS Next 2Y33.29%
EPS Next 3Y26.51%
FRA:MTE (10/17/2025, 7:00:00 PM)
168.16
-8.2 (-4.65%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners83.99%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap188.19B
Analysts81.51
Price Target151.97 (-9.63%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.24% |
Yearly Dividend0.41
Dividend Growth(5Y)44.07%
DP6.11%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)9.34%
Min EPS beat(2)2.85%
Max EPS beat(2)15.83%
EPS beat(4)4
Avg EPS beat(4)6.34%
Min EPS beat(4)0.31%
Max EPS beat(4)15.83%
EPS beat(8)8
Avg EPS beat(8)39.36%
EPS beat(12)11
Avg EPS beat(12)15.75%
EPS beat(16)14
Avg EPS beat(16)12.87%
Revenue beat(2)1
Avg Revenue beat(2)-0.17%
Min Revenue beat(2)-2.11%
Max Revenue beat(2)1.77%
Revenue beat(4)1
Avg Revenue beat(4)-1.05%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)1.77%
Revenue beat(8)2
Avg Revenue beat(8)-0.24%
Revenue beat(12)2
Avg Revenue beat(12)-0.77%
Revenue beat(16)3
Avg Revenue beat(16)-1.11%
PT rev (1m)21.38%
PT rev (3m)39.97%
EPS NQ rev (1m)24.2%
EPS NQ rev (3m)33.8%
EPS NY rev (1m)2.45%
EPS NY rev (3m)7.64%
Revenue NQ rev (1m)5.7%
Revenue NQ rev (3m)8.62%
Revenue NY rev (1m)8.05%
Revenue NY rev (3m)10.37%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 23.62 | ||
| Fwd PE | 14.46 | ||
| P/S | 5.87 | ||
| P/FCF | 131.43 | ||
| P/OCF | 12.51 | ||
| P/B | 4.05 | ||
| P/tB | 4.17 | ||
| EV/EBITDA | 12.82 |
EPS(TTM)7.12
EY4.23%
EPS(NY)11.63
Fwd EY6.92%
FCF(TTM)1.28
FCFY0.76%
OCF(TTM)13.44
OCFY7.99%
SpS28.67
BVpS41.55
TBVpS40.32
PEG (NY)0.37
PEG (5Y)0.98
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.31% | ||
| ROE | 15.76% | ||
| ROCE | 13.83% | ||
| ROIC | 10.51% | ||
| ROICexc | 12.28% | ||
| ROICexgc | 12.61% | ||
| OM | 26.39% | ||
| PM (TTM) | 22.84% | ||
| GM | 39.79% | ||
| FCFM | 4.46% |
ROA(3y)0.79%
ROA(5y)5.08%
ROE(3y)1.42%
ROE(5y)7%
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-6.71%
ROICexcg growth 5Y15.03%
ROICexc growth 3Y-6.48%
ROICexc growth 5Y15.36%
OM growth 3Y-5.97%
OM growth 5Y12.95%
PM growth 3Y-6.83%
PM growth 5Y12.75%
GM growth 3Y-4.15%
GM growth 5Y5.42%
F-Score7
Asset Turnover0.45
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.74 | ||
| Debt/EBITDA | 0.77 | ||
| Cap/Depr | 189.86% | ||
| Cap/Sales | 42.42% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 96.2% | ||
| Profit Quality | 19.53% | ||
| Current Ratio | 2.52 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z | 6.74 |
F-Score7
WACC11.42%
ROIC/WACC0.92
Cap/Depr(3y)132.21%
Cap/Depr(5y)145.52%
Cap/Sales(3y)41.74%
Cap/Sales(5y)40.13%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)552.76%
EPS 3Y-0.2%
EPS 5Y23.98%
EPS Q2Q%156.78%
EPS Next Y63.43%
EPS Next 2Y33.29%
EPS Next 3Y26.51%
EPS Next 5Y10.58%
Revenue 1Y (TTM)48.85%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%46%
Revenue Next Year42.92%
Revenue Next 2Y25.2%
Revenue Next 3Y15.59%
Revenue Next 5Y10.14%
EBIT growth 1Y828.91%
EBIT growth 3Y0.34%
EBIT growth 5Y26.24%
EBIT Next Year157.12%
EBIT Next 3Y48.54%
EBIT Next 5Y27.78%
FCF growth 1Y1278.51%
FCF growth 3Y-18.79%
FCF growth 5Y82.23%
OCF growth 1Y106.01%
OCF growth 3Y4.9%
OCF growth 5Y16.11%