Micron Technology, Inc.

BUL:MTE Stock Report

Market Cap: €103.4b

Micron Technology Valuation

Is MTE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of MTE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MTE (€100.54) is trading below our estimate of fair value (€148.45)

Significantly Below Fair Value: MTE is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for MTE?

Key metric: As MTE is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for MTE. This is calculated by dividing MTE's market cap by their current earnings.
What is MTE's PE Ratio?
PE Ratio140.2x
EarningsUS$778.00m
Market CapUS$109.07b

Price to Earnings Ratio vs Peers

How does MTE's PE Ratio compare to its peers?

The above table shows the PE ratio for MTE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.6x
A000660 SK hynix
11.1x35.3%₩116.2t
ADI Analog Devices
64.2x25.7%US$104.8b
TXN Texas Instruments
36.6x15.4%US$180.8b
2454 MediaTek
18.6x8.0%NT$2.0t
MTE Micron Technology
140.2x31.5%€109.1b

Price-To-Earnings vs Peers: MTE is expensive based on its Price-To-Earnings Ratio (140.2x) compared to the peer average (32.4x).

Price to Earnings Ratio vs Industry

How does MTE's PE Ratio compare vs other companies in the European Semiconductor Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
MTE 140.2xIndustry Avg. 13.7xNo. of Companies7PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTE is expensive based on its Price-To-Earnings Ratio (140.2x) compared to the European Semiconductor industry average (13.7x).

Price to Earnings Ratio vs Fair Ratio

What is MTE's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

MTE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio140.2x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MTE's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst MTE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€138.61
0%
20.1%€237.48€66.49n/a33
Nov ’25€100.76
€135.32
+34.3%
20.1%€231.60€64.85n/a33
Oct ’25€100.52
€130.85
+30.2%
20.3%€223.90€62.69n/a32
Sep ’25€87.69
€143.29
+63.4%
13.6%€201.17€98.35n/a31
Aug ’25€100.88
€150.90
+49.6%
13.0%€207.88€101.63n/a31
Jul ’25n/a
€147.48
0%
16.9%€210.04€84.02n/a33
Jun ’25n/a
€123.62
0%
19.0%€207.41€73.74n/a34
May ’25n/a
€117.71
0%
19.8%€207.25€73.69n/a34
Apr ’25n/a
€118.15
0%
19.5%€209.48€74.48n/a34
Mar ’25n/a
€89.31
0%
13.2%€129.53€64.76n/a34
Feb ’25n/a
€88.40
0%
13.1%€128.65€64.32n/a34
Jan ’25n/a
€84.02
0%
14.9%€126.78€59.14n/a35
Dec ’24n/a
€75.84
0%
9.7%€91.88€60.00n/a35
Nov ’24n/a
€75.19
0%
11.7%€94.30€55.17€100.7635
Oct ’24n/a
€75.42
0%
11.7%€94.68€55.39€100.5235
Sep ’24n/a
€69.80
0%
12.8%€90.87€41.80€87.6934
Aug ’24n/a
€68.36
0%
12.8%€89.28€41.07€100.8834
Jul ’24n/a
€70.20
0%
13.1%€91.64€42.15n/a32
Jun ’24n/a
€66.13
0%
16.8%€93.22€41.95n/a31
May ’24n/a
€64.00
0%
16.7%€90.75€40.84n/a31
Apr ’24€58.02
€63.02
+8.6%
15.0%€92.25€41.51n/a34
Mar ’24n/a
€61.96
0%
15.9%€94.34€42.45n/a32
Feb ’24€58.12
€59.55
+2.5%
16.7%€91.99€41.40n/a32
Jan ’24€46.52
€61.27
+31.7%
17.2%€94.19€42.39n/a33
Dec ’23€53.34
€65.27
+22.4%
16.1%€96.85€43.58n/a34
Nov ’23n/a
€67.77
0%
16.8%€101.22€45.55n/a33

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Intel

US$103.6b

Designs, develops, manufactures, markets, and sells computing and related products and services worldwide.

INL

US$24.08

7D

0%

1Y

n/a

Advanced Micro Devices

US$223.3b

Operates as a semiconductor company worldwide.

AMD

US$129.52

7D

-6.8%

1Y

n/a

Infineon Technologies

€37.8b

Designs, develops, manufactures, and markets semiconductors and semiconductor-based solutions worldwide.

IFX

€30.31

7D

1.9%

1Y

n/a