Micron Technology, Inc.

BATS-CHIXE:MTED Stock Report

Market Cap: €102.8b

Micron Technology Valuation

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

Below Fair Value: MTED (€92.53) is trading below our estimate of fair value (€143.01)

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 Ratio140.2x
EarningsUS$778.00m
Market CapUS$108.36b

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 Average32x
A000660 SK hynix
11.1x35.3%₩116.2t
ADI Analog Devices
63.3x25.7%US$104.5b
TXN Texas Instruments
36.6x15.4%US$183.4b
QCOM QUALCOMM
17x7.3%US$183.0b
MTED Micron Technology
140.2x31.5%€108.4b

Price-To-Earnings vs Peers: MTED is expensive based on its Price-To-Earnings Ratio (140.2x) compared to the peer average (32x).

Price to Earnings Ratio vs Industry

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

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
No. of Companies7PE01632486480+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: MTED is expensive based on its Price-To-Earnings Ratio (140.2x) compared to the European Semiconductor industry average (14x).

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 Ratio140.2x
Fair PE Ratio52.1x

Price-To-Earnings vs Fair Ratio: MTED is expensive based on its Price-To-Earnings Ratio (140.2x) compared to the estimated Fair Price-To-Earnings Ratio (52.1x).

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€94.44
€138.61
+46.8%
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€60.00n/a35
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
Nov ’23n/a
€67.77
0%
16.8%€101.22€45.55€65.3833

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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