Financials Micron Technology, Inc.

Equities

MU

US5951121038

Semiconductors

Market Closed - Nasdaq 04:00:00 2024-04-26 pm EDT 5-day change 1st Jan Change
114.8 USD +2.92% Intraday chart for Micron Technology, Inc. +7.56% +34.57%

Valuation

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,969 50,562 82,968 62,361 76,605 127,170 - -
Enterprise Value (EV) 1 47,865 47,949 79,280 58,212 80,341 130,504 127,921 126,279
P/E ratio 8.22 x 19.2 x 14.3 x 7.29 x -13.1 x 279 x 15.6 x 12.5 x
Yield - - 0.14% 0.76% 0.66% 0.4% 0.43% 0.45%
Capitalization / Revenue 2.13 x 2.36 x 2.99 x 2.03 x 4.93 x 5.18 x 3.69 x 3.26 x
EV / Revenue 2.04 x 2.24 x 2.86 x 1.89 x 5.17 x 5.32 x 3.71 x 3.23 x
EV / EBITDA 3.73 x 5.54 x 6.34 x 3.46 x 40 x 15.8 x 7.78 x 6.71 x
EV / FCF 14 x 578 x 32.5 x 18.7 x -13.1 x 83.8 x 24.3 x 21.3 x
FCF Yield 7.12% 0.17% 3.08% 5.35% -7.61% 1.19% 4.12% 4.69%
Price to Book 1.45 x 1.32 x 1.91 x 1.27 x 1.73 x 2.89 x 2.52 x 2.26 x
Nbr of stocks (in thousands) 1,103,803 1,110,998 1,125,754 1,103,145 1,095,302 1,107,368 - -
Reference price 2 45.27 45.51 73.70 56.53 69.94 114.8 114.8 114.8
Announcement Date 9/26/19 9/29/20 9/28/21 9/29/22 9/27/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,406 21,435 27,705 30,758 15,540 24,536 34,471 39,059
EBITDA 1 12,849 8,653 12,497 16,818 2,011 8,267 16,437 18,826
EBIT 1 7,801 3,419 7,667 10,281 -4,819 1,392 9,983 12,985
Operating Margin 33.33% 15.95% 27.67% 33.43% -31.01% 5.67% 28.96% 33.25%
Earnings before Tax (EBT) 1 7,048 2,983 6,218 9,571 -5,658 617.9 9,125 11,552
Net income 1 6,313 2,687 5,861 8,687 -5,833 579.7 8,218 10,955
Net margin 26.97% 12.54% 21.16% 28.24% -37.54% 2.36% 23.84% 28.05%
EPS 2 5.510 2.370 5.140 7.750 -5.340 0.4123 7.371 9.163
Free Cash Flow 1 3,409 83 2,438 3,114 -6,117 1,558 5,269 5,917
FCF margin 14.56% 0.39% 8.8% 10.12% -39.36% 6.35% 15.29% 15.15%
FCF Conversion (EBITDA) 26.53% 0.96% 19.51% 18.52% - 18.85% 32.06% 31.43%
FCF Conversion (Net income) 54% 3.09% 41.6% 35.85% - 268.79% 64.12% 54.01%
Dividend per Share 2 - - 0.1000 0.4300 0.4600 0.4620 0.4938 0.5144
Announcement Date 9/26/19 9/29/20 9/28/21 9/29/22 9/27/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 7,687 7,786 8,642 6,643 4,085 3,693 3,752 4,010 4,726 5,824 6,590 7,386 8,055 8,521 9,158
EBITDA 1 4,302 4,288 4,825 3,403 1,712 -361 195 465 787 2,115 2,412 2,941 3,421 4,109 -
EBIT 1 2,725 2,750 3,144 1,662 -65 -2,077 -1,469 -1,208 -955 204 786.4 1,358 1,960 2,404 2,893
Operating Margin 35.45% 35.32% 36.38% 25.02% -1.59% -56.24% -39.15% -30.12% -20.21% 3.5% 11.93% 18.39% 24.33% 28.21% 31.6%
Earnings before Tax (EBT) 1 2,521 2,509 2,988 1,553 -176 -2,271 -1,753 -1,458 -1,155 170 559.5 1,176 1,637 2,461 2,993
Net income 1 2,306 2,263 2,626 1,492 -195 -2,312 -1,896 -1,430 -1,234 793 298.6 904.9 1,602 2,087 2,505
Net margin 30% 29.06% 30.39% 22.46% -4.77% -62.6% -50.53% -35.66% -26.11% 13.62% 4.53% 12.25% 19.9% 24.49% 27.35%
EPS 2 2.040 2.000 2.340 1.350 -0.1800 -2.120 -1.730 -1.310 -1.120 0.7100 0.2408 0.8172 1.430 1.841 2.214
Dividend per Share 2 0.1000 0.1000 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1142 0.1142 0.1163 0.1163 0.1166
Announcement Date 12/20/21 3/29/22 6/30/22 9/29/22 12/21/22 3/28/23 6/28/23 9/27/23 12/20/23 3/20/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 3,736 3,334 751 -
Net Cash position 1 2,104 2,613 3,688 4,149 - - - 891
Leverage (Debt/EBITDA) - - - - 1.858 x 0.4033 x 0.0457 x -
Free Cash Flow 1 3,409 83 2,438 3,114 -6,117 1,558 5,269 5,917
ROE (net income / shareholders' equity) 21.5% 8.64% 16.8% 18.5% -10.3% 0.28% 13.4% 17%
ROA (Net income/ Total Assets) 15.9% 6.31% 12.4% 13.9% -7.45% 1.17% 12% 12.5%
Assets 1 39,817 42,595 47,270 62,566 78,303 49,688 68,376 87,452
Book Value Per Share 2 31.20 34.50 38.50 44.50 40.40 39.80 45.50 50.80
Cash Flow per Share 2 11.50 7.340 10.90 13.50 1.430 7.950 15.10 15.80
Capex 1 9,780 8,223 10,030 12,067 7,676 7,786 10,173 11,000
Capex / Sales 41.78% 38.36% 36.2% 39.23% 49.4% 31.73% 29.51% 28.16%
Announcement Date 9/26/19 9/29/20 9/28/21 9/29/22 9/27/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
38
Last Close Price
114.8 USD
Average target price
127.8 USD
Spread / Average Target
+11.27%
Consensus
  1. Stock Market
  2. Equities
  3. MU Stock
  4. Financials Micron Technology, Inc.