MICRON TECHNOLOGY INC (MU) Fundamental Analysis & Valuation

NASDAQ:MU • US5951121038

Current stock price

355.46 USD
-26.63 (-6.97%)
At close:
350 USD
-5.46 (-1.54%)
Pre-Market:

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.
  • Each year in the past 5 years MU had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 23.75%, MU belongs to the best of the industry, outperforming 97.39% of the companies in the same industry.
  • With an excellent Return On Equity value of 33.28%, MU belongs to the best of the industry, outperforming 93.91% of the companies in the same industry.
  • MU's Return On Invested Capital of 24.56% is amongst the best of the industry. MU outperforms 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

  • MU has a better Profit Margin (41.49%) than 97.39% of its industry peers.
  • In the last couple of years the Profit Margin of MU has grown nicely.
  • The Operating Margin of MU (48.50%) is better than 97.39% of its industry peers.
  • MU's Operating Margin has improved in the last couple of years.
  • MU has a Gross Margin of 58.44%. This is amongst the best in the industry. MU outperforms 83.48% of its industry peers.
  • In the last couple of years the Gross Margin of MU has grown nicely.
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.
  • MU has more shares outstanding than it did 1 year ago.
  • 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 10.99 indicates that MU is not in any danger for bankruptcy at the moment.
  • MU's Altman-Z score of 10.99 is fine compared to the rest of the industry. MU outperforms 74.78% of its industry peers.
  • 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.
  • Looking at the Debt to FCF ratio, with a value of 0.99, MU is in the better half of the industry, outperforming 74.78% of the companies in the same industry.
  • 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 10.99
ROIC/WACC2.15
WACC11.43%
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 in line with its industry peers.
  • 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 in line with its industry peers.
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.
  • Measured over the past years, MU shows a very strong growth in Earnings Per Share. The EPS has been growing by 23.98% on average per year.
  • Looking at the last year, MU shows a very strong growth in Revenue. The Revenue has grown by 85.55%.
  • 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

  • The Earnings Per Share is expected to grow by 19.31% on average over the next years. This is quite good.
  • 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 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

  • The EPS growth rate is stable: in the next years the growth will be about the same than in the last 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 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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9

4. MU Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 16.22, the valuation of MU can be described as correct.
  • Based on the Price/Earnings ratio, MU is valued cheaply inside the industry as 93.91% of the companies are valued more expensively.
  • When comparing the Price/Earnings ratio of MU to the average of the S&P500 Index (25.23), we can say MU is valued slightly cheaper.
  • Based on the Price/Forward Earnings ratio of 7.39, the valuation of MU can be described as very cheap.
  • 99.13% of the companies in the same industry are more expensive than MU, based on the Price/Forward Earnings ratio.
  • MU's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.51.
Industry RankSector Rank
PE 16.22
Fwd PE 7.39
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

  • Based on the Enterprise Value to EBITDA ratio, MU is valued cheaply inside the industry as 91.30% of the companies are valued more expensively.
  • 77.39% of the companies in the same industry are more expensive than MU, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 38.91
EV/EBITDA 10.69
MU Per share dataMU EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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 80.14% in the coming years.
PEG (NY)0.05
PEG (5Y)0.68
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 0.14%, MU is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.50, 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 1.90.
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 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

  • 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 (3/26/2026, 8:00:02 PM)

Premarket: 350 -5.46 (-1.54%)

355.46

-26.63 (-6.97%)

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 Change2.91%
Market Cap400.07B
Revenue(TTM)58.12B
Net Income(TTM)24.11B
Analysts83.7
Price Target511.82 (43.99%)
Short Float %2.62%
Short Ratio0.83
Dividend
Industry RankSector Rank
Dividend Yield 0.14%
Yearly Dividend0.47
Dividend Growth(5Y)44.19%
DP2.19%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
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)4.8%
PT rev (3m)26.85%
EPS NQ rev (1m)6.07%
EPS NQ rev (3m)12.03%
EPS NY rev (1m)3.19%
EPS NY rev (3m)18.97%
Revenue NQ rev (1m)3.14%
Revenue NQ rev (3m)9.28%
Revenue NY rev (1m)8.99%
Revenue NY rev (3m)19.81%
Valuation
Industry RankSector Rank
PE 16.22
Fwd PE 7.39
P/S 6.88
P/FCF 38.91
P/OCF 13.05
P/B 5.52
P/tB 5.65
EV/EBITDA 10.69
EPS(TTM)21.92
EY6.17%
EPS(NY)48.07
Fwd EY13.52%
FCF(TTM)9.13
FCFY2.57%
OCF(TTM)27.23
OCFY7.66%
SpS51.64
BVpS64.38
TBVpS62.94
PEG (NY)0.05
PEG (5Y)0.68
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 10.99
F-Score7
WACC11.43%
ROIC/WACC2.15
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 Year121.88%
Revenue Next 2Y76.14%
Revenue Next 3Y43.64%
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.


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 2.19%.