MICRON TECHNOLOGY INC (MU) Fundamental Analysis & Valuation

NASDAQ:MU • US5951121038

Current stock price

542.21 USD
+25.05 (+4.84%)
At close:
539.91 USD
-2.3 (-0.42%)
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.
  • In the past year MU had a positive cash flow from operations.
  • 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's Return On Assets of 23.75% is amongst the best of the industry. MU outperforms 96.52% 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.
  • MU has a Return On Invested Capital of 24.56%. This is amongst the best in 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's Profit Margin of 41.49% is amongst the best of the industry. MU outperforms 96.52% of its industry peers.
  • MU's Profit Margin has improved in the last couple of years.
  • MU has a better Operating Margin (48.50%) than 97.39% of its industry peers.
  • MU's Operating Margin has improved in the last couple of years.
  • MU has a better Gross Margin (58.44%) than 84.35% 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.
  • Compared to 5 years ago, MU has more shares outstanding
  • 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 15.36. This indicates that MU is financially healthy and has little risk of bankruptcy at the moment.
  • MU's Altman-Z score of 15.36 is fine compared to the rest of the industry. MU outperforms 75.65% 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.
  • MU has a better Debt to FCF ratio (0.99) than 74.78% of its industry peers.
  • A Debt/Equity ratio of 0.13 indicates that MU is not too dependend on debt financing.
  • With a Debt to Equity ratio value of 0.13, MU perfoms like the industry average, outperforming 51.30% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.13
Debt/FCF 0.99
Altman-Z 15.36
ROIC/WACC1.92
WACC12.82%
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's Current ratio of 2.90 is in line compared to the rest of the industry. MU outperforms 49.57% of its industry peers.
  • 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

9

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 very strong growth in Earnings Per Share. The EPS will grow by 29.40% on average per year.
  • MU is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 23.83% yearly.
EPS Next Y611.19%
EPS Next 2Y247.21%
EPS Next 3Y118.09%
EPS Next 5Y29.4%
Revenue Next Year192.29%
Revenue Next 2Y116.37%
Revenue Next 3Y66.05%
Revenue Next 5Y23.83%

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 accelerating.
  • 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

  • With a Price/Earnings ratio of 24.74, MU is valued on the expensive side.
  • MU's Price/Earnings ratio is rather cheap when compared to the industry. MU is cheaper than 88.70% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of MU to the average of the S&P500 Index (26.51), we can say MU is valued inline with the index average.
  • A Price/Forward Earnings ratio of 5.43 indicates a rather cheap valuation of MU.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of MU indicates a rather cheap valuation: MU is cheaper than 99.13% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 21.41, MU is valued rather cheaply.
Industry RankSector Rank
PE 24.74
Fwd PE 5.43
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

  • 88.70% of the companies in the same industry are more expensive than MU, based on the Enterprise Value to EBITDA ratio.
  • 68.70% 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 59.48
EV/EBITDA 16.42
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.
  • MU has an outstanding profitability rating, which 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)0.04
PEG (5Y)1.03
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 0.10%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.45, MU pays a bit more dividend than its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, MU's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.1%

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

  • MU pays out 2.19% 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.
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

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MU Fundamentals: All Metrics, Ratios and Statistics

MICRON TECHNOLOGY INC

NASDAQ:MU (5/1/2026, 8:00:01 PM)

After market: 539.91 -2.3 (-0.42%)

542.21

+25.05 (+4.84%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength93.17
Industry Growth93.17
Earnings (Last)03-18
Earnings (Next)06-23
Inst Owners82.37%
Inst Owner Change0.51%
Ins Owners0.21%
Ins Owner Change-2.35%
Market Cap611.47B
Revenue(TTM)58.12B
Net Income(TTM)24.11B
Analysts84.62
Price Target530.83 (-2.1%)
Short Float %3.23%
Short Ratio0.88
Dividend
Industry RankSector Rank
Dividend Yield 0.1%
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)3.71%
PT rev (3m)65.98%
EPS NQ rev (1m)0.26%
EPS NQ rev (3m)102.77%
EPS NY rev (1m)67.16%
EPS NY rev (3m)72.05%
Revenue NQ rev (1m)0.16%
Revenue NQ rev (3m)63.81%
Revenue NY rev (1m)0.05%
Revenue NY rev (3m)43.48%
Valuation
Industry RankSector Rank
PE 24.74
Fwd PE 5.43
P/S 10.52
P/FCF 59.48
P/OCF 19.95
P/B 8.44
P/tB 8.63
EV/EBITDA 16.42
EPS(TTM)21.92
EY4.04%
EPS(NY)99.94
Fwd EY18.43%
FCF(TTM)9.12
FCFY1.68%
OCF(TTM)27.18
OCFY5.01%
SpS51.54
BVpS64.25
TBVpS62.82
PEG (NY)0.04
PEG (5Y)1.03
Graham Number178.014 (-67.17%)
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 15.36
F-Score7
WACC12.82%
ROIC/WACC1.92
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 5Y29.4%
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 5Y23.83%
EBIT growth 1Y358%
EBIT growth 3Y0.54%
EBIT growth 5Y26.38%
EBIT Next Year741.68%
EBIT Next 3Y133.91%
EBIT Next 5Y38.63%
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 24.74 and the Price/Book (PB) ratio is 8.44.


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

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