237.22 USD
+10.57 (+4.66%)
237.22 USD
0 (0%)
Overall MU gets a fundamental rating of 6 out of 10. We evaluated MU against 112 industry peers in the Semiconductors & Semiconductor Equipment industry. While MU has a great profitability rating, there are some minor concerns on its financial health. MU is not priced too expensively while it is growing strongly. Keep and eye on this one! With these ratings, MU could be worth investigating further for growth investing!.
1. Profitability
1.1 Basic Checks
MU had positive earnings in the past year.
MU had a positive operating cash flow in the past year.
MU had positive earnings in 4 of the past 5 years.
Each year in the past 5 years MU had a positive operating cash flow.
1.2 Ratios
MU has a Return On Assets of 10.31%. This is in the better half of the industry: MU outperforms 79.46% of its industry peers.
Looking at the Return On Equity, with a value of 15.76%, MU belongs to the top of the industry, outperforming 80.36% of the companies in the same industry.
The Return On Invested Capital of MU (10.51%) is better than 82.14% of its industry peers.
| 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
With an excellent Profit Margin value of 22.84%, MU belongs to the best of the industry, outperforming 82.14% of the companies in the same industry.
MU's Profit Margin has improved in the last couple of years.
Looking at the Operating Margin, with a value of 26.40%, MU belongs to the top of the industry, outperforming 84.82% of the companies in the same industry.
In the last couple of years the Operating Margin of MU has grown nicely.
With a Gross Margin value of 39.79%, MU perfoms like the industry average, outperforming 42.86% of the companies in the same industry.
In the last couple of years the Gross Margin of MU has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 26.4% | ||
| PM (TTM) | 22.84% | ||
| GM | 39.79% |
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%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MU is creating some value.
Compared to 1 year ago, MU has more shares outstanding
MU has more shares outstanding than it did 5 years ago.
MU has a better debt/assets ratio than last year.
2.2 Solvency
MU has an Altman-Z score of 7.51. This indicates that MU is financially healthy and has little risk of bankruptcy at the moment.
MU has a Altman-Z score of 7.51. This is in the better half of the industry: MU outperforms 66.07% of its industry peers.
The Debt to FCF ratio of MU is 8.74, which is on the high side as it means it would take MU, 8.74 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of MU (8.74) is comparable to the rest of the industry.
A Debt/Equity ratio of 0.26 indicates that MU is not too dependend on debt financing.
MU has a Debt to Equity ratio (0.26) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 8.74 | ||
| Altman-Z | 7.51 |
ROIC/WACC1.02
WACC10.29%
2.3 Liquidity
A Current Ratio of 2.52 indicates that MU has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 2.52, MU is in line with its industry, outperforming 42.86% of the companies in the same industry.
A Quick Ratio of 1.79 indicates that MU should not have too much problems paying its short term obligations.
The Quick ratio of MU (1.79) is worse than 61.61% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.52 | ||
| Quick Ratio | 1.79 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an impressive 552.76% over the past year.
The Earnings Per Share has been growing by 23.98% on average over the past years. This is a very strong growth
MU shows a strong growth in Revenue. In the last year, the Revenue has grown by 48.85%.
Measured over the past years, MU shows a quite strong growth in Revenue. The Revenue has been growing by 11.76% on average per year.
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
The Earnings Per Share is expected to grow by 10.58% on average over the next years. This is quite good.
The Revenue is expected to grow by 12.59% on average over the next years. This is quite good.
EPS Next Y111.98%
EPS Next 2Y57.89%
EPS Next 3Y41.84%
EPS Next 5Y10.58%
Revenue Next Year47.38%
Revenue Next 2Y30.9%
Revenue Next 3Y22.28%
Revenue Next 5Y12.59%
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.
The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 28.62, the valuation of MU can be described as expensive.
Compared to the rest of the industry, the Price/Earnings ratio of MU indicates a somewhat cheap valuation: MU is cheaper than 79.46% of the companies listed in the same industry.
Compared to an average S&P500 Price/Earnings ratio of 26.49, MU is valued at the same level.
The Price/Forward Earnings ratio is 13.50, which indicates a correct valuation of MU.
Based on the Price/Forward Earnings ratio, MU is valued cheaper than 95.54% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 23.69. MU is valued slightly cheaper when compared to this.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.62 | ||
| Fwd PE | 13.5 |
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 82.14% of the companies listed in the same industry.
The rest of the industry has a similar Price/Free Cash Flow ratio as MU.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 160.04 | ||
| EV/EBITDA | 14.85 |
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 MU may justify a higher PE ratio.
A more expensive valuation may be justified as MU's earnings are expected to grow with 41.84% in the coming years.
PEG (NY)0.26
PEG (5Y)1.19
EPS Next 2Y57.89%
EPS Next 3Y41.84%
5. Dividend
5.1 Amount
MU has a yearly dividend return of 0.20%, which is pretty low.
Compared to an average industry Dividend Yield of 2.09, MU pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, MU's dividend is way lower than the S&P500 average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
5.2 History
The dividend of MU is nicely growing with an annual growth rate of 44.03%!
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)44.03%
Div Incr Years0
Div Non Decr Years3
5.3 Sustainability
MU pays out 6.11% of its income as dividend. This is a sustainable payout ratio.
The dividend of MU is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP6.11%
EPS Next 2Y57.89%
EPS Next 3Y41.84%
237.22
+10.57 (+4.66%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners82.82%
Inst Owner Change-0.24%
Ins Owners0.23%
Ins Owner Change-0.13%
Market Cap266.96B
Revenue(TTM)37.38B
Net Income(TTM)8.54B
Analysts82.64
Price Target222.35 (-6.27%)
Short Float %2.45%
Short Ratio1.03
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.2% |
Yearly Dividend0.47
Dividend Growth(5Y)44.03%
DP6.11%
Div Incr Years0
Div Non Decr Years3
Ex-Date
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)8.34%
PT rev (3m)50.2%
EPS NQ rev (1m)1.16%
EPS NQ rev (3m)27.05%
EPS NY rev (1m)2.78%
EPS NY rev (3m)32.88%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)6.92%
Revenue NY rev (1m)1.14%
Revenue NY rev (3m)12.15%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.62 | ||
| Fwd PE | 13.5 | ||
| P/S | 7.14 | ||
| P/FCF | 160.04 | ||
| P/OCF | 15.23 | ||
| P/B | 4.93 | ||
| P/tB | 5.08 | ||
| EV/EBITDA | 14.85 |
EPS(TTM)8.29
EY3.49%
EPS(NY)17.57
Fwd EY7.41%
FCF(TTM)1.48
FCFY0.62%
OCF(TTM)15.57
OCFY6.56%
SpS33.21
BVpS48.13
TBVpS46.71
PEG (NY)0.26
PEG (5Y)1.19
Graham Number94.75
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 10.31% | ||
| ROE | 15.76% | ||
| ROCE | 13.83% | ||
| ROIC | 10.51% | ||
| ROICexc | 12.28% | ||
| ROICexgc | 12.61% | ||
| OM | 26.4% | ||
| 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
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 Turnover0.45
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 | 23.6 | ||
| Cash Conversion | 96.2% | ||
| Profit Quality | 19.53% | ||
| Current Ratio | 2.52 | ||
| Quick Ratio | 1.79 | ||
| Altman-Z | 7.51 |
F-Score7
WACC10.29%
ROIC/WACC1.02
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 Y111.98%
EPS Next 2Y57.89%
EPS Next 3Y41.84%
EPS Next 5Y10.58%
Revenue 1Y (TTM)48.85%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%46%
Revenue Next Year47.38%
Revenue Next 2Y30.9%
Revenue Next 3Y22.28%
Revenue Next 5Y12.59%
EBIT growth 1Y829%
EBIT growth 3Y0.54%
EBIT growth 5Y26.38%
EBIT Next Year203.69%
EBIT Next 3Y54.92%
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%
MICRON TECHNOLOGY INC / MU FAQ
What is the ChartMill fundamental rating of MICRON TECHNOLOGY INC (MU) stock?
ChartMill assigns a fundamental rating of 7 / 10 to MU.
What is the valuation status of MICRON TECHNOLOGY INC (MU) stock?
ChartMill assigns a valuation rating of 7 / 10 to MICRON TECHNOLOGY INC (MU). This can be considered as Undervalued.
What is the profitability of 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 28.62 and the Price/Book (PB) ratio is 4.93.
Is the dividend of MICRON TECHNOLOGY INC sustainable?
The dividend rating of MICRON TECHNOLOGY INC (MU) is 5 / 10 and the dividend payout ratio is 6.11%.