Micron Technology, Inc.

BATS-CHIXE:MTED Stock Report

Market Cap: €95.1b

Micron Technology Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • 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 MTED when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MTED (€83.73) is trading below our estimate of fair value (€104.81)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MTED. This is calculated by dividing MTED's market cap by their current earnings.
What is MTED's PE Ratio?
PE Ratio25.4x
EarningsUS$3.88b
Market CapUS$98.75b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTED vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.9x
ADI Analog Devices
64.5x22.8%US$107.7b
A000660 SK hynix
11.5x34.8%₩119.8t
2454 MediaTek
20.9x7.9%NT$2.3t
TXN Texas Instruments
34.7x15.2%US$174.4b
MTED Micron Technology
25.4x26.4%€98.7b

Price-To-Earnings vs Peers: MTED is good value based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (33.4x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTED is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the European Semiconductor industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is MTED'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.

MTED PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ratio48.5x

Price-To-Earnings vs Fair Ratio: MTED is good value based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (48.5x).

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 MTED forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€83.73
€126.35
+50.9%
22.2%€239.78€67.14n/a33
Dec ’25€92.42
€138.61
+50.0%
20.1%€237.48€66.49n/a33
Nov ’25€92.51
€135.32
+46.3%
20.1%€231.60€64.85n/a33
Oct ’25€95.96
€130.85
+36.4%
20.3%€223.90€62.69n/a32
Sep ’25€87.58
€143.29
+63.6%
13.6%€201.17€98.35n/a31
Aug ’25€101.36
€150.90
+48.9%
13.0%€207.88€101.63n/a31
Jul ’25€122.72
€147.48
+20.2%
16.9%€210.04€84.02n/a33
Jun ’25€116.10
€123.62
+6.5%
19.0%€207.41€73.74n/a34
May ’25€108.06
€117.71
+8.9%
19.8%€207.25€73.69n/a34
Apr ’25n/a
€118.15
0%
19.5%€209.48€74.48n/a34
Mar ’25€87.64
€89.31
+1.9%
13.2%€129.53€64.76n/a34
Feb ’25€78.48
€88.40
+12.6%
13.1%€128.65€64.32n/a34
Jan ’25€77.78
€84.02
+8.0%
14.9%€126.78€59.14n/a35
Dec ’24€70.32
€75.84
+7.8%
9.7%€91.88€60.00€92.4235
Nov ’24€65.38
€75.19
+15.0%
11.7%€94.30€55.17€92.5135
Oct ’24€64.64
€75.42
+16.7%
11.7%€94.68€55.39€95.9635
Sep ’24€65.08
€69.80
+7.2%
12.8%€90.87€41.80€87.5834
Aug ’24€64.16
€68.36
+6.6%
12.8%€89.28€41.07€101.3634
Jul ’24n/a
€70.20
0%
13.1%€91.64€42.15€122.7232
Jun ’24n/a
€66.13
0%
16.8%€93.22€41.95€116.1031
May ’24n/a
€64.00
0%
16.7%€90.75€40.84€108.0631
Apr ’24n/a
€63.02
0%
15.0%€92.25€41.51n/a34
Mar ’24n/a
€61.96
0%
15.9%€94.34€42.45€87.6432
Feb ’24n/a
€59.55
0%
16.7%€91.99€41.40€78.4832
Jan ’24n/a
€61.27
0%
17.2%€94.19€42.39€77.7833
Dec ’23n/a
€65.27
0%
16.1%€96.85€43.58€70.3234

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.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 10:20
End of Day Share Price 2024/12/30 00:00
Earnings2024/11/28
Annual Earnings2024/08/29

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Micron Technology, Inc. is covered by 76 analysts. 31 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Warren LauAletheia Analyst Network Limited
Nam Hyung KimArete Research Services LLP
James KelleherArgus Research Company