MICRON TECHNOLOGY INC (MU) Fundamental Analysis & Valuation

NASDAQ:MU • US5951121038

Current stock price

455.07 USD
-2.16 (-0.47%)
At close:
452.7 USD
-2.37 (-0.52%)
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

  • In the past year MU was profitable.
  • In the past year MU had a positive cash flow from operations.
  • MU had positive earnings in 4 of the past 5 years.
  • 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 (23.75%) than 96.52% of its industry peers.
  • MU has a better Return On Equity (33.28%) than 93.91% of its industry peers.
  • With an excellent Return On Invested Capital value of 24.56%, MU belongs to the best of the industry, outperforming 95.65% of the companies in the same industry.
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.
  • MU's Profit Margin has improved in the last couple of years.
  • 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.
  • Looking at the Gross Margin, with a value of 58.44%, MU belongs to the top of the industry, outperforming 83.48% of the companies in the same industry.
  • 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

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so MU is creating value.
  • Compared to 1 year ago, MU has more shares outstanding
  • Compared to 5 years ago, MU has more shares outstanding
  • MU has a better debt/assets ratio than last year.
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 13.33 indicates that MU is not in any danger for bankruptcy at the moment.
  • With a decent Altman-Z score value of 13.33, MU is doing good in the industry, outperforming 73.91% of the companies in the same industry.
  • The Debt to FCF ratio of MU is 0.99, which is an excellent value as it means it would take MU, only 0.99 years of fcf income to pay off all of its debts.
  • The Debt to FCF ratio of MU (0.99) is better than 74.78% of its industry peers.
  • MU has a Debt/Equity ratio of 0.13. This is a healthy value indicating a solid balance between debt and equity.
  • MU has a Debt to Equity ratio of 0.13. This is comparable to the rest of the industry: MU outperforms 51.30% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.99
Altman-Z 13.33
ROIC/WACC2.06
WACC11.9%
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

  • MU has a Current Ratio of 2.90. This indicates that MU is financially healthy and has no problem in meeting its short term obligations.
  • MU has a Current ratio (2.90) which is comparable to the rest of the industry.
  • A Quick Ratio of 2.32 indicates that MU has no problem at all paying its short term obligations.
  • MU has a Quick ratio (2.32) which is comparable to the rest of the 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

  • The Earnings Per Share has grown by an impressive 325.63% over the past year.
  • MU shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 23.98% yearly.
  • MU shows a strong growth in Revenue. In the last year, the Revenue has grown by 85.55%.
  • The Revenue has been growing by 11.76% on average over the past years. This is quite good.
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

  • Based on estimates for the next years, MU will show a quite strong growth in Earnings Per Share. The EPS will grow by 19.31% on average per year.
  • MU is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 17.91% yearly.
EPS Next Y611.19%
EPS Next 2Y247.21%
EPS Next 3Y118.09%
EPS Next 5Y19.31%
Revenue Next Year192.29%
Revenue Next 2Y116.37%
Revenue Next 3Y66.05%
Revenue Next 5Y17.91%

3.3 Evolution

  • The EPS growth rate is stable: in the next years the growth will be about the same 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.
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 20 40 60 80

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8

4. MU Valuation Analysis

4.1 Price/Earnings Ratio

  • MU is valuated rather expensively with a Price/Earnings ratio of 20.76.
  • Based on the Price/Earnings ratio, MU is valued cheaply inside the industry as 90.43% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.89, MU is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 4.55, the valuation of MU can be described as very cheap.
  • Based on the Price/Forward Earnings ratio, MU is valued cheaply inside the industry as 99.13% of the companies are valued more expensively.
  • MU's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 38.50.
Industry RankSector Rank
PE 20.76
Fwd PE 4.55
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

  • 90.43% of the companies in the same industry are more expensive than MU, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, MU is valued a bit cheaper than 73.91% of the companies in the same industry.
Industry RankSector Rank
P/FCF 49.92
EV/EBITDA 13.76
MU Per share dataMU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60 80

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.
  • A more expensive valuation may be justified as MU's earnings are expected to grow with 118.09% in the coming years.
PEG (NY)0.03
PEG (5Y)0.87
EPS Next 2Y247.21%
EPS Next 3Y118.09%

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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 0.11%, which is pretty low.
  • MU's Dividend Yield is a higher than the industry average which is at 0.45.
  • With a Dividend Yield of 0.11, MU pays less dividend than the S&P500 average, which is at 1.82.
Industry RankSector Rank
Dividend Yield 0.11%

5.2 History

  • The dividend of MU is nicely growing with an annual growth rate of 44.19%!
  • 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 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.
  • MU's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP2.19%
EPS Next 2Y247.21%
EPS Next 3Y118.09%
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

More info and screens

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MU Fundamentals: All Metrics, Ratios and Statistics

MICRON TECHNOLOGY INC

NASDAQ:MU (4/17/2026, 8:00:02 PM)

After market: 452.7 -2.37 (-0.52%)

455.07

-2.16 (-0.47%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)03-18
Earnings (Next)06-23
Inst Owners82.37%
Inst Owner Change0.74%
Ins Owners0.21%
Ins Owner Change-6.47%
Market Cap513.20B
Revenue(TTM)58.12B
Net Income(TTM)24.11B
Analysts84.62
Price Target530.43 (16.56%)
Short Float %2.79%
Short Ratio0.74
Dividend
Industry RankSector Rank
Dividend Yield 0.11%
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)41.83%
PT rev (3m)65.86%
EPS NQ rev (1m)91.17%
EPS NQ rev (3m)102.77%
EPS NY rev (1m)67.16%
EPS NY rev (3m)72.05%
Revenue NQ rev (1m)58.83%
Revenue NQ rev (3m)63.81%
Revenue NY rev (1m)31.73%
Revenue NY rev (3m)44.32%
Valuation
Industry RankSector Rank
PE 20.76
Fwd PE 4.55
P/S 8.83
P/FCF 49.92
P/OCF 16.74
P/B 7.08
P/tB 7.24
EV/EBITDA 13.76
EPS(TTM)21.92
EY4.82%
EPS(NY)99.94
Fwd EY21.96%
FCF(TTM)9.12
FCFY2%
OCF(TTM)27.18
OCFY5.97%
SpS51.54
BVpS64.25
TBVpS62.82
PEG (NY)0.03
PEG (5Y)0.87
Graham Number178.014 (-60.88%)
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 13.33
F-Score7
WACC11.9%
ROIC/WACC2.06
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 Y611.19%
EPS Next 2Y247.21%
EPS Next 3Y118.09%
EPS Next 5Y19.31%
Revenue 1Y (TTM)85.55%
Revenue growth 3Y6.71%
Revenue growth 5Y11.76%
Sales Q2Q%196.29%
Revenue Next Year192.29%
Revenue Next 2Y116.37%
Revenue Next 3Y66.05%
Revenue Next 5Y17.91%
EBIT growth 1Y358%
EBIT growth 3Y0.54%
EBIT growth 5Y26.38%
EBIT Next Year741.68%
EBIT Next 3Y133.91%
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 8 / 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 20.76 and the Price/Book (PB) ratio is 7.08.


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

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