MICRON TECHNOLOGY INC (MU) Fundamental Analysis & Valuation

NASDAQ:MU • US5951121038

Current stock price

377.82 USD
+11.58 (+3.16%)
Last:

This MU fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

8

1. MU Profitability Analysis

1.1 Basic Checks

  • MU had positive earnings in the past year.
  • MU had a positive operating cash flow in the past year.
  • Of the past 5 years MU 4 years were profitable.
  • In the past 5 years MU always reported a positive cash flow from operatings.
MU Yearly Net Income VS EBIT VS OCF VS FCFMU Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B 15B

1.2 Ratios

  • MU has a Return On Assets of 23.75%. This is amongst the best in the industry. MU outperforms 97.39% of its industry peers.
  • MU's Return On Equity of 33.28% is amongst the best of the industry. MU outperforms 93.91% of its industry peers.
  • The Return On Invested Capital of MU (24.56%) is better than 95.65% of its industry peers.
Industry RankSector Rank
ROA 23.75%
ROE 33.28%
ROIC 24.56%
ROA(3y)0.79%
ROA(5y)5.08%
ROE(3y)1.42%
ROE(5y)7%
ROIC(3y)N/A
ROIC(5y)N/A
MU Yearly ROA, ROE, ROICMU Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 10 -10 20 30 40

1.3 Margins

  • Looking at the Profit Margin, with a value of 41.49%, MU belongs to the top of the industry, outperforming 97.39% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MU has grown nicely.
  • With an excellent Operating Margin value of 48.50%, MU belongs to the best of the industry, outperforming 97.39% of the companies in the same industry.
  • In the last couple of years the Operating Margin of MU has grown nicely.
  • MU's Gross Margin of 58.44% is amongst the best of the industry. MU outperforms 82.61% of its industry peers.
  • MU's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 48.5%
PM (TTM) 41.49%
GM 58.44%
OM growth 3Y-5.79%
OM growth 5Y13.08%
PM growth 3Y-6.83%
PM growth 5Y12.75%
GM growth 3Y-4.15%
GM growth 5Y5.42%
MU Yearly Profit, Operating, Gross MarginsMU Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40

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7

2. MU Health Analysis

2.1 Basic Checks

  • MU has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • The number of shares outstanding for MU has been increased compared to 1 year ago.
  • MU has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, MU has an improved debt to assets ratio.
MU Yearly Shares OutstandingMU Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M 1B
MU Yearly Total Debt VS Total AssetsMU Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20B 40B 60B 80B

2.2 Solvency

  • An Altman-Z score of 11.24 indicates that MU is not in any danger for bankruptcy at the moment.
  • MU has a Altman-Z score of 11.24. This is in the better half of the industry: MU outperforms 76.52% of its industry peers.
  • MU has a debt to FCF ratio of 0.99. This is a very positive value and a sign of high solvency as it would only need 0.99 years to pay back of all of its debts.
  • MU has a Debt to FCF ratio of 0.99. This is in the better half of the industry: MU outperforms 75.65% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that MU is not too dependend on debt financing.
  • MU has a Debt to Equity ratio (0.13) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.99
Altman-Z 11.24
ROIC/WACC2.14
WACC11.47%
MU Yearly LT Debt VS Equity VS FCFMU Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20B 40B

2.3 Liquidity

  • A Current Ratio of 2.90 indicates that MU has no problem at all paying its short term obligations.
  • MU has a Current ratio (2.90) which is comparable to the rest of the industry.
  • MU has a Quick Ratio of 2.32. This indicates that MU is financially healthy and has no problem in meeting its short term obligations.
  • With a Quick ratio value of 2.32, MU perfoms like the industry average, outperforming 51.30% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.9
Quick Ratio 2.32
MU Yearly Current Assets VS Current LiabilitesMU Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B 25B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. MU Growth Analysis

3.1 Past

  • MU shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 325.63%, which is quite impressive.
  • MU shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.98% yearly.
  • The Revenue has grown by 85.55% in the past year. This is a very strong growth!
  • MU shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 11.76% yearly.
EPS 1Y (TTM)325.63%
EPS 3Y-0.2%
EPS 5Y23.98%
EPS Q2Q%682.05%
Revenue 1Y (TTM)85.55%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%196.29%

3.2 Future

  • MU is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 19.31% yearly.
  • Based on estimates for the next years, MU will show a quite strong growth in Revenue. The Revenue will grow by 17.91% on average per year.
EPS Next Y325.46%
EPS Next 2Y140.8%
EPS Next 3Y80.14%
EPS Next 5Y19.31%
Revenue Next Year192.14%
Revenue Next 2Y116.11%
Revenue Next 3Y65.13%
Revenue Next 5Y17.91%

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 stable.
  • 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.
MU Yearly Revenue VS EstimatesMU Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 50B 100B 150B
MU Yearly EPS VS EstimatesMU Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 10 20 30 40

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8

4. MU Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 17.24, MU is valued on the expensive side.
  • Based on the Price/Earnings ratio, MU is valued cheaply inside the industry as 92.17% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 26.17, MU is valued a bit cheaper.
  • The Price/Forward Earnings ratio is 7.86, which indicates a rather cheap valuation of MU.
  • Based on the Price/Forward Earnings ratio, MU is valued cheaply inside the industry as 100.00% of the companies are valued more expensively.
  • The average S&P500 Price/Forward Earnings ratio is at 23.05. MU is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 17.24
Fwd PE 7.86
MU Price Earnings VS Forward Price EarningsMU Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of MU indicates a rather cheap valuation: MU is cheaper than 89.57% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of MU indicates a somewhat cheap valuation: MU is cheaper than 76.52% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 41.36
EV/EBITDA 11.02
MU Per share dataMU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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.
  • MU has an outstanding profitability rating, which may justify a higher PE ratio.
  • MU's earnings are expected to grow with 80.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.05
PEG (5Y)0.72
EPS Next 2Y140.8%
EPS Next 3Y80.14%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. MU Dividend Analysis

5.1 Amount

  • MU has a yearly dividend return of 0.14%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.52, MU pays a bit more dividend than its industry peers.
  • With a Dividend Yield of 0.14, MU pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.14%

5.2 History

  • The dividend of MU is nicely growing with an annual growth rate of 44.19%!
  • MU has paid a dividend for at least 10 years, which is a reliable track record.
  • MU has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)44.19%
Div Incr Years0
Div Non Decr Years4
MU Yearly Dividends per shareMU Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 2.19% of the earnings are spent on dividend by MU. This is a low number and sustainable payout ratio.
  • The dividend of MU is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP2.19%
EPS Next 2Y140.8%
EPS Next 3Y80.14%
MU Yearly Income VS Free CF VS DividendMU Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 5B -5B 10B
MU Dividend Payout.MU Dividend Payout, showing the Payout Ratio.MU Dividend Payout.PayoutRetained Earnings

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MU Fundamentals: All Metrics, Ratios and Statistics

MICRON TECHNOLOGY INC

NASDAQ:MU (4/6/2026, 3:59:00 PM)

377.82

+11.58 (+3.16%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-18
Earnings (Next)06-23
Inst Owners82.22%
Inst Owner Change0%
Ins Owners0.21%
Ins Owner Change2.74%
Market Cap425.24B
Revenue(TTM)58.12B
Net Income(TTM)24.11B
Analysts84.62
Price Target511.82 (35.47%)
Short Float %2.62%
Short Ratio0.72
Dividend
Industry RankSector Rank
Dividend Yield 0.14%
Yearly Dividend0.47
Dividend Growth(5Y)44.19%
DP2.19%
Div Incr Years0
Div Non Decr Years4
Ex-Date03-30
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)22.34%
Min EPS beat(2)17.39%
Max EPS beat(2)27.28%
EPS beat(4)4
Avg EPS beat(4)15.84%
Min EPS beat(4)2.85%
Max EPS beat(4)27.28%
EPS beat(8)8
Avg EPS beat(8)11.14%
EPS beat(12)12
Avg EPS beat(12)31.99%
EPS beat(16)15
Avg EPS beat(16)15.34%
Revenue beat(2)2
Avg Revenue beat(2)9.28%
Min Revenue beat(2)3.12%
Max Revenue beat(2)15.43%
Revenue beat(4)3
Avg Revenue beat(4)4.55%
Min Revenue beat(4)-2.11%
Max Revenue beat(4)15.43%
Revenue beat(8)3
Avg Revenue beat(8)1.5%
Revenue beat(12)4
Avg Revenue beat(12)1.34%
Revenue beat(16)4
Avg Revenue beat(16)0.19%
PT rev (1m)36.86%
PT rev (3m)73.61%
EPS NQ rev (1m)94.97%
EPS NQ rev (3m)104.32%
EPS NY rev (1m)3.19%
EPS NY rev (3m)18.97%
Revenue NQ rev (1m)61.02%
Revenue NQ rev (3m)65.09%
Revenue NY rev (1m)41.99%
Revenue NY rev (3m)57.75%
Valuation
Industry RankSector Rank
PE 17.24
Fwd PE 7.86
P/S 7.32
P/FCF 41.36
P/OCF 13.87
P/B 5.87
P/tB 6
EV/EBITDA 11.02
EPS(TTM)21.92
EY5.8%
EPS(NY)48.07
Fwd EY12.72%
FCF(TTM)9.13
FCFY2.42%
OCF(TTM)27.23
OCFY7.21%
SpS51.64
BVpS64.38
TBVpS62.94
PEG (NY)0.05
PEG (5Y)0.72
Graham Number178.19
Profitability
Industry RankSector Rank
ROA 23.75%
ROE 33.28%
ROCE 32.32%
ROIC 24.56%
ROICexc 29.5%
ROICexgc 30.17%
OM 48.5%
PM (TTM) 41.49%
GM 58.44%
FCFM 17.69%
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
ROICexgc growth 3Y-6.53%
ROICexgc growth 5Y15.16%
ROICexc growth 3Y-6.3%
ROICexc growth 5Y15.49%
OM growth 3Y-5.79%
OM growth 5Y13.08%
PM growth 3Y-6.83%
PM growth 5Y12.75%
GM growth 3Y-4.15%
GM growth 5Y5.42%
F-Score7
Asset Turnover0.57
Health
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.99
Debt/EBITDA 0.26
Cap/Depr 233.06%
Cap/Sales 35.05%
Interest Coverage 250
Cash Conversion 83%
Profit Quality 42.64%
Current Ratio 2.9
Quick Ratio 2.32
Altman-Z 11.24
F-Score7
WACC11.47%
ROIC/WACC2.14
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)325.63%
EPS 3Y-0.2%
EPS 5Y23.98%
EPS Q2Q%682.05%
EPS Next Y325.46%
EPS Next 2Y140.8%
EPS Next 3Y80.14%
EPS Next 5Y19.31%
Revenue 1Y (TTM)85.55%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%196.29%
Revenue Next Year192.14%
Revenue Next 2Y116.11%
Revenue Next 3Y65.13%
Revenue Next 5Y17.91%
EBIT growth 1Y358%
EBIT growth 3Y0.54%
EBIT growth 5Y26.38%
EBIT Next Year466.25%
EBIT Next 3Y94.47%
EBIT Next 5Y34.79%
FCF growth 1Y410.7%
FCF growth 3Y-18.79%
FCF growth 5Y82.23%
OCF growth 1Y959.56%
OCF growth 3Y4.9%
OCF growth 5Y16.11%

MICRON TECHNOLOGY INC / MU Fundamental Analysis FAQ

What is the ChartMill fundamental rating of MICRON TECHNOLOGY INC (MU) stock?

ChartMill assigns a fundamental rating of 8 / 10 to MU.


Can you provide the valuation status for MICRON TECHNOLOGY INC?

ChartMill assigns a valuation rating of 9 / 10 to MICRON TECHNOLOGY INC (MU). This can be considered as Undervalued.


How profitable is MICRON TECHNOLOGY INC (MU) stock?

MICRON TECHNOLOGY INC (MU) has a profitability rating of 8 / 10.


What is the valuation of MICRON TECHNOLOGY INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for MICRON TECHNOLOGY INC (MU) is 17.24 and the Price/Book (PB) ratio is 5.87.


What is the financial health of MICRON TECHNOLOGY INC (MU) stock?

The financial health rating of MICRON TECHNOLOGY INC (MU) is 7 / 10.