Micron Technology, Inc.

BIT:1MU Stock Report

Market Cap: €95.7b

Micron Technology Valuation

Is 1MU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 1MU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 1MU (€85.63) is trading below our estimate of fair value (€104.06)

Significantly Below Fair Value: 1MU is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1MU?

Key metric: As 1MU is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 1MU. This is calculated by dividing 1MU's market cap by their current earnings.
What is 1MU's PE Ratio?
PE Ratio25.6x
EarningsUS$3.88b
Market CapUS$99.47b

Price to Earnings Ratio vs Peers

How does 1MU's PE Ratio compare to its peers?

The above table shows the PE ratio for 1MU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.4x
ADI Analog Devices
66.2x22.8%US$108.2b
A000660 SK hynix
11.1x34.8%₩116.1t
2454 MediaTek
20.8x7.9%NT$2.2t
TXN Texas Instruments
35.5x15.2%US$175.5b
1MU Micron Technology
25.6x26.6%€99.5b

Price-To-Earnings vs Peers: 1MU is good value based on its Price-To-Earnings Ratio (25.6x) compared to the peer average (33.4x).

Price to Earnings Ratio vs Industry

How does 1MU's PE Ratio compare vs other companies in the European Semiconductor Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
1MU 25.6xIndustry Avg. 17.2xNo. of Companies7PE01632486480+
0 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1MU is expensive based on its Price-To-Earnings Ratio (25.6x) compared to the European Semiconductor industry average (17.1x).

Price to Earnings Ratio vs Fair Ratio

What is 1MU'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.

1MU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.6x
Fair PE Ratio74.2x

Price-To-Earnings vs Fair Ratio: 1MU is good value based on its Price-To-Earnings Ratio (25.6x) compared to the estimated Fair Price-To-Earnings Ratio (74.2x).

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 1MU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€85.63
€126.98
+48.3%
22.0%€240.48€67.33n/a33
Dec ’25€92.58
€138.61
+49.7%
20.1%€237.48€66.49n/a33
Nov ’25€92.63
€135.32
+46.1%
20.1%€231.60€64.85n/a33
Oct ’25€90.44
€130.85
+44.7%
20.3%€223.90€62.69n/a32
Sep ’25€86.55
€143.29
+65.6%
13.6%€201.17€98.35n/a31
Aug ’25€95.91
€150.90
+57.3%
13.0%€207.88€101.63n/a31
Jul ’25€121.94
€147.48
+20.9%
16.9%€210.04€84.02n/a33
Jun ’25€112.88
€123.62
+9.5%
19.0%€207.41€73.74n/a34
May ’25€108.34
€117.71
+8.6%
19.8%€207.25€73.69n/a34
Apr ’25€109.40
€118.15
+8.0%
19.5%€209.48€74.48n/a34
Mar ’25€88.12
€89.31
+1.3%
13.2%€129.53€64.76n/a34
Feb ’25€78.10
€88.40
+13.2%
13.1%€128.65€64.32n/a34
Jan ’25€77.08
€84.02
+9.0%
14.9%€126.78€59.14n/a35
Dec ’24€69.58
€75.84
+9.0%
9.7%€91.88€60.00€92.5835
Nov ’24€65.46
€75.19
+14.9%
11.7%€94.30€55.17€92.6335
Oct ’24€64.54
€75.42
+16.9%
11.7%€94.68€55.39€90.4435
Sep ’24€64.92
€69.80
+7.5%
12.8%€90.87€41.80€86.5534
Aug ’24€64.56
€68.36
+5.9%
12.8%€89.28€41.07€95.9134
Jul ’24€57.94
€70.20
+21.2%
13.1%€91.64€42.15€121.9432
Jun ’24€63.82
€66.13
+3.6%
16.8%€93.22€41.95€112.8831
May ’24€57.36
€64.00
+11.6%
16.7%€90.75€40.84€108.3431
Apr ’24€56.30
€63.02
+11.9%
15.0%€92.25€41.51€109.4034
Mar ’24€53.93
€61.96
+14.9%
15.9%€94.34€42.45€88.1232
Feb ’24€56.40
€59.55
+5.6%
16.7%€91.99€41.40€78.1032
Jan ’24€46.46
€61.27
+31.9%
17.2%€94.19€42.39€77.0833
Dec ’23€53.33
€65.27
+22.4%
16.1%€96.85€43.58€69.5834

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 Analysis2024/12/24 21:18
End of Day Share Price 2024/12/23 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 77 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