MICRON TECHNOLOGY INC (MU) Fundamental Analysis & Valuation

NASDAQ:MU • US5951121038

Current stock price

422.9 USD
-21.37 (-4.81%)
At close:
425.5 USD
+2.6 (+0.61%)
After Hours:

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.
  • MU had a positive operating cash flow in each of the past 5 years.
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 better Return On Assets (13.85%) than 86.09% of its industry peers.
  • Looking at the Return On Equity, with a value of 20.25%, MU belongs to the top of the industry, outperforming 88.70% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 14.22%, MU belongs to the best of the industry, outperforming 87.83% of the companies in the same industry.
Industry RankSector Rank
ROA 13.85%
ROE 20.25%
ROIC 14.22%
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

  • With an excellent Profit Margin value of 28.15%, MU belongs to the best of the industry, outperforming 86.09% of the companies in the same industry.
  • In the last couple of years the Profit Margin of MU has grown nicely.
  • MU has a Operating Margin of 32.68%. This is amongst the best in the industry. MU outperforms 91.30% of its industry peers.
  • In the last couple of years the Operating Margin of MU has grown nicely.
  • MU has a Gross Margin (45.31%) which is comparable to the rest of the industry.
  • In the last couple of years the Gross Margin of MU has grown nicely.
Industry RankSector Rank
OM 32.68%
PM (TTM) 28.15%
GM 45.31%
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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5

2. MU Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) just above the Cost of Capital (WACC), MU is creating some 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.
  • The debt/assets ratio for MU has been reduced compared to a year ago.
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

  • MU has an Altman-Z score of 13.18. This indicates that MU is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of MU (13.18) is better than 76.52% of its industry peers.
  • The Debt to FCF ratio of MU is 2.53, which is a good value as it means it would take MU, 2.53 years of fcf income to pay off all of its debts.
  • With a decent Debt to FCF ratio value of 2.53, MU is doing good in the industry, outperforming 64.35% of the companies in the same industry.
  • A Debt/Equity ratio of 0.19 indicates that MU is not too dependend on debt financing.
  • MU has a Debt to Equity ratio (0.19) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.53
Altman-Z 13.18
ROIC/WACC1.24
WACC11.44%
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 2.46 indicates that MU has no problem at all paying its short term obligations.
  • The Current ratio of MU (2.46) is worse than 60.00% of its industry peers.
  • A Quick Ratio of 1.78 indicates that MU should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.78, MU is doing worse than 64.35% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.46
Quick Ratio 1.78
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.
  • The Earnings Per Share has been growing by 23.98% on average over the past years. This is a very strong growth
  • The Revenue has grown by 48.85% 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)48.85%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%196.29%

3.2 Future

  • The Earnings Per Share is expected to grow by 19.31% on average over the next years. This is quite good.
  • The Revenue is expected to grow by 17.91% on average over the next years. This is quite good.
EPS Next Y325.46%
EPS Next 2Y140.8%
EPS Next 3Y80.14%
EPS Next 5Y19.31%
Revenue Next Year121.88%
Revenue Next 2Y76.14%
Revenue Next 3Y43.64%
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 20B 40B 60B 80B 100B
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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7

4. MU Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 19.29, which indicates a rather expensive current valuation of MU.
  • Compared to the rest of the industry, the Price/Earnings ratio of MU indicates a rather cheap valuation: MU is cheaper than 88.70% of the companies listed in the same industry.
  • MU's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.23.
  • A Price/Forward Earnings ratio of 8.80 indicates a reasonable valuation of MU.
  • MU's Price/Forward Earnings ratio is rather cheap when compared to the industry. MU is cheaper than 99.13% of the companies in the same industry.
  • The average S&P500 Price/Forward Earnings ratio is at 23.28. MU is valued rather cheaply when compared to this.
Industry RankSector Rank
PE 19.29
Fwd PE 8.8
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 somewhat cheap valuation: MU is cheaper than 76.52% of the companies listed in the same industry.
  • The rest of the industry has a similar Price/Free Cash Flow ratio as MU.
Industry RankSector Rank
P/FCF 102.32
EV/EBITDA 22.4
MU Per share dataMU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30 40 50

4.3 Compensation for Growth

  • MU's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of MU 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)0.06
PEG (5Y)0.8
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

  • With a yearly dividend of 0.10%, MU is not a good candidate for dividend investing.
  • MU's Dividend Yield is a higher than the industry average which is at 0.50.
  • With a Dividend Yield of 0.10, MU pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.1%

5.2 History

  • On average, the dividend of MU grows each year by 44.19%, which is quite nice.
  • MU has been paying a dividend for at least 10 years, so it has 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 Years3
MU Yearly Dividends per shareMU Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

5.3 Sustainability

  • 4.41% of the earnings are spent on dividend by MU. This is a low number and sustainable payout ratio.
  • MU's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP4.41%
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 (3/20/2026, 8:11:33 PM)

After market: 425.5 +2.6 (+0.61%)

422.9

-21.37 (-4.81%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-18
Earnings (Next)06-23
Inst Owners82.22%
Inst Owner Change-1.33%
Ins Owners0.21%
Ins Owner Change2.51%
Market Cap475.98B
Revenue(TTM)37.38B
Net Income(TTM)11.91B
Analysts83.7
Price Target373.98 (-11.57%)
Short Float %2.62%
Short Ratio0.83
Dividend
Industry RankSector Rank
Dividend Yield 0.1%
Yearly Dividend0.47
Dividend Growth(5Y)44.19%
DP4.41%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)10.12%
Min EPS beat(2)2.85%
Max EPS beat(2)17.39%
EPS beat(4)4
Avg EPS beat(4)10.61%
Min EPS beat(4)2.85%
Max EPS beat(4)17.39%
EPS beat(8)8
Avg EPS beat(8)40.89%
EPS beat(12)12
Avg EPS beat(12)32.69%
EPS beat(16)15
Avg EPS beat(16)13.99%
Revenue beat(2)1
Avg Revenue beat(2)0.51%
Min Revenue beat(2)-2.11%
Max Revenue beat(2)3.12%
Revenue beat(4)2
Avg Revenue beat(4)0.46%
Min Revenue beat(4)-2.11%
Max Revenue beat(4)3.12%
Revenue beat(8)3
Avg Revenue beat(8)0.28%
Revenue beat(12)3
Avg Revenue beat(12)-0.22%
Revenue beat(16)4
Avg Revenue beat(16)-0.74%
PT rev (1m)4.8%
PT rev (3m)68.2%
EPS NQ rev (1m)2.26%
EPS NQ rev (3m)111.42%
EPS NY rev (1m)3.19%
EPS NY rev (3m)100.71%
Revenue NQ rev (1m)1.45%
Revenue NQ rev (3m)45.48%
Revenue NY rev (1m)2.08%
Revenue NY rev (3m)41%
Valuation
Industry RankSector Rank
PE 19.29
Fwd PE 8.8
P/S 11.25
P/FCF 102.32
P/OCF 20.98
P/B 8.09
P/tB 8.32
EV/EBITDA 22.4
EPS(TTM)21.92
EY5.18%
EPS(NY)48.07
Fwd EY11.37%
FCF(TTM)4.13
FCFY0.98%
OCF(TTM)20.16
OCFY4.77%
SpS37.59
BVpS52.25
TBVpS50.81
PEG (NY)0.06
PEG (5Y)0.8
Graham Number160.53
Profitability
Industry RankSector Rank
ROA 13.85%
ROE 20.25%
ROCE 18.71%
ROIC 14.22%
ROICexc 16.52%
ROICexgc 16.95%
OM 32.68%
PM (TTM) 28.15%
GM 45.31%
FCFM 10.99%
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 Turnover0.49
Health
Industry RankSector Rank
Debt/Equity 0.19
Debt/FCF 2.53
Debt/EBITDA 0.5
Cap/Depr 211.39%
Cap/Sales 42.64%
Interest Coverage 250
Cash Conversion 101.48%
Profit Quality 39.06%
Current Ratio 2.46
Quick Ratio 1.78
Altman-Z 13.18
F-Score7
WACC11.44%
ROIC/WACC1.24
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)48.85%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%196.29%
Revenue Next Year121.88%
Revenue Next 2Y76.14%
Revenue Next 3Y43.64%
Revenue Next 5Y17.91%
EBIT growth 1Y216.87%
EBIT growth 3Y0.54%
EBIT growth 5Y26.38%
EBIT Next Year466.25%
EBIT Next 3Y94.47%
EBIT Next 5Y34.79%
FCF growth 1Y192.93%
FCF growth 3Y-18.79%
FCF growth 5Y82.23%
OCF growth 1Y1025.04%
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 7 / 10 to MU.


Can you provide the valuation status for MICRON TECHNOLOGY INC?

ChartMill assigns a valuation rating of 7 / 10 to MICRON TECHNOLOGY INC (MU). This can be considered as Undervalued.


Can you provide the profitability details for MICRON TECHNOLOGY INC?

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


Can you provide the expected EPS growth for MU stock?

The Earnings per Share (EPS) of MICRON TECHNOLOGY INC (MU) is expected to grow by 325.46% in the next year.


Can you provide the dividend sustainability for MU stock?

The dividend rating of MICRON TECHNOLOGY INC (MU) is 5 / 10 and the dividend payout ratio is 4.41%.