Micron Technology
Market Cap
€59.3b
Last Updated
2020/11/26 20:07 UTC
Data Sources
Company Financials +
Executive Summary
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. More Details
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Micron Technology's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MTE is not significantly more volatile than the rest of German stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MTE's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
5.0%
MTE
6.7%
DE Semiconductor
0.7%
DE Market
1 Year Return
24.0%
MTE
37.5%
DE Semiconductor
0.6%
DE Market
Return vs Industry: MTE underperformed the German Semiconductor industry which returned 37.5% over the past year.
Return vs Market: MTE exceeded the German Market which returned 0.6% over the past year.
Shareholder returns
| MTE | Industry | Market | |
|---|---|---|---|
| 7 Day | 5.0% | 6.7% | 0.7% |
| 30 Day | 23.7% | 10.5% | 7.8% |
| 90 Day | 41.6% | 21.2% | 1.7% |
| 1 Year | 24.0%24.0% | 39.1%37.5% | 3.9%0.6% |
| 3 Year | 47.1%47.1% | 24.0%19.1% | 4.0%-5.0% |
| 5 Year | 265.6%265.6% | 103.3%91.9% | 21.4%4.2% |
Long-Term Price Volatility Vs. Market
How volatile is Micron Technology's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Micron Technology undervalued compared to its fair value and its price relative to the market?
26.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MTE (€54) is trading above our estimate of fair value (€46.31)
Significantly Below Fair Value: MTE is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MTE is good value based on its PE Ratio (26.2x) compared to the DE Semiconductor industry average (59.6x).
PE vs Market: MTE is poor value based on its PE Ratio (26.2x) compared to the German market (23.2x).
Price to Earnings Growth Ratio
PEG Ratio: MTE is good value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: MTE is good value based on its PB Ratio (1.8x) compared to the DE Semiconductor industry average (2.7x).
Next Steps
Future Growth
How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?
26.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MTE's forecast earnings growth (26.4% per year) is above the savings rate (0.2%).
Earnings vs Market: MTE's earnings (26.4% per year) are forecast to grow slower than the German market (27.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MTE's revenue (10.9% per year) is forecast to grow faster than the German market (5.8% per year).
High Growth Revenue: MTE's revenue (10.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MTE's Return on Equity is forecast to be low in 3 years time (13.1%).
Next Steps
Past Performance
How has Micron Technology performed over the past 5 years?
22.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MTE has high quality earnings.
Growing Profit Margin: MTE's current net profit margins (12.5%) are lower than last year (26.4%).
Past Earnings Growth Analysis
Earnings Trend: MTE's earnings have grown significantly by 22.1% per year over the past 5 years.
Accelerating Growth: MTE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MTE had negative earnings growth (-56.2%) over the past year, making it difficult to compare to the Semiconductor industry average (-58.1%).
Return on Equity
High ROE: MTE's Return on Equity (6.9%) is considered low.
Next Steps
Financial Health
How is Micron Technology's financial position?
Financial Position Analysis
Short Term Liabilities: MTE's short term assets ($18.0B) exceed its short term liabilities ($6.6B).
Long Term Liabilities: MTE's short term assets ($18.0B) exceed its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: MTE's debt to equity ratio (15.8%) is considered satisfactory.
Reducing Debt: MTE's debt to equity ratio has reduced from 49.9% to 15.8% over the past 5 years.
Debt Coverage: MTE's debt is well covered by operating cash flow (134.9%).
Interest Coverage: MTE's interest payments on its debt are well covered by EBIT (38.3x coverage).
Balance Sheet
Next Steps
Dividend
What is Micron Technology current dividend yield, its reliability and sustainability?
0.11%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MTE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MTE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MTE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MTE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MTE's dividend in 3 years as they are not forecast to pay a notable one for the German market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.4yrs
Average management tenure
CEO
Sanjay Mehrotra (61 yo)
3.5yrs
Tenure
US$16,944,751
Compensation
Mr. Sanjay Mehrotra has been the Chief Executive Officer, President and Director at Micron Technology, Inc. since May 8, 2017. He serves as an Advisor at Bow Capital. Mr. Mehrotra has experience in the non...
CEO Compensation Analysis
Compensation vs Market: Sanjay's total compensation ($USD16.94M) is above average for companies of similar size in the German market ($USD5.19M).
Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.5yrs | US$16.94m | 0.065% $ 38.5m | |
| Senior VP & CFO | 2.75yrs | US$4.31m | 0.015% $ 8.7m | |
| Executive Vice President of Global Operations | 3.08yrs | US$6.63m | 0.024% $ 14.5m | |
| Executive Vice President of Technology & Products | 3.42yrs | US$4.35m | 0.014% $ 8.6m | |
| Executive VP & Chief Business Officer | 3.42yrs | US$6.22m | 0.020% $ 12.1m | |
| Corporate VP & Chief Accounting Officer | 0.083yr | no data | no data | |
| Chief Information Officer & VP of Information Systems | 5.33yrs | no data | no data | |
| Senior Director of Investor Relations | no data | no data | no data | |
| Senior VP of Legal Affairs | 6.92yrs | US$2.98m | 0.027% $ 16.2m | |
| Senior Vice President of Worldwide Sales | 2.08yrs | no data | 0.010% $ 6.0m | |
| Head of Global Marketing | 1.67yrs | no data | no data | |
| Senior VP & Chief People Officer | 3.42yrs | no data | 0.0093% $ 5.5m |
3.4yrs
Average Tenure
53yo
Average Age
Experienced Management: MTE's management team is considered experienced (3.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO, President & Director | 3.5yrs | US$16.94m | 0.065% $ 38.5m | |
| Independent Chairman of the Board | 8.75yrs | US$543.67k | 0.0055% $ 3.3m | |
| Independent Director | 13.83yrs | US$375.02k | 0.010% $ 6.0m | |
| Independent Director | 7.83yrs | US$395.02k | 0.0082% $ 4.9m | |
| Independent Director | 2.08yrs | US$349.84k | 0.0014% $ 818.4k | |
| Independent Director | 1.33yrs | US$62.05k | 0.0010% $ 599.0k | |
| Director | 0.25yr | no data | 0.00050% $ 296.5k | |
| Independent Director | 2.08yrs | US$340.51k | 0.0014% $ 818.4k |
2.8yrs
Average Tenure
63.5yo
Average Age
Experienced Board: MTE's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Micron Technology, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Micron Technology, Inc.
- Ticker: MTE
- Exchange: XTRA
- Founded: 1978
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$70.612b
- Listing Market Cap: US$59.307b
- Shares outstanding: 1.11b
- Website: https://www.micron.com
Number of Employees
Location
- Micron Technology, Inc.
- 8000 South Federal Way
- Boise
- Idaho
- 83716-9632
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| MU | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 1984 |
| MU * | BMV (Bolsa Mexicana de Valores) | Yes | Common Stock | MX | MXN | Jun 1984 |
| MTE | XTRA (XETRA Trading Platform) | Yes | Common Stock | DE | EUR | Jun 1984 |
| MTE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 1984 |
| MU | SWX (SIX Swiss Exchange) | Yes | Common Stock | CH | CHF | Jun 1984 |
| 0R2T | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 1984 |
| MU | BIT (Borsa Italiana) | Yes | Common Stock | IT | EUR | Jun 1984 |
| MU | WBAG (Wiener Boerse AG) | Yes | Common Stock | AT | EUR | Jun 1984 |
| MU | BVL (Bolsa de Valores de Lima) | Yes | Common Stock | PE | USD | Jun 1984 |
| MUTC34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH 1 REP 1 COM USD0.10 | BR | BRL | May 2019 |
Biography
Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Stora...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 20:07 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/09/03 |
| Annual Earnings | 2020/09/03 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.