Micron Technology, Inc.

BIT:1MU Stock Report

Market Cap: €109.3b

Micron Technology Valuation

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

Below Fair Value: 1MU (€98.13) is trading below our estimate of fair value (€143.11)

Significantly Below Fair Value: 1MU is trading below fair value by more than 20%.

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 Ratio146.3x
EarningsUS$778.00m
Market CapUS$113.80b

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 Average32.5x
A000660 SK hynix
11.7x35.3%₩121.6t
TXN Texas Instruments
36.6x15.3%US$180.6b
ADI Analog Devices
64.4x25.7%US$106.5b
QCOM QUALCOMM
17.2x7.1%US$174.2b
1MU Micron Technology
146.3x31.5%€113.8b

Price-To-Earnings vs Peers: 1MU is expensive based on its Price-To-Earnings Ratio (146.3x) compared to the peer average (32.5x).

Price to Earnings Ratio vs Industry

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

1 CompanyPrice / EarningsEstimated GrowthMarket Cap
1MU 146.3xIndustry Avg. 14.8xNo. of Companies7PE01632486480+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 1MU is expensive based on its Price-To-Earnings Ratio (146.3x) compared to the European Semiconductor industry average (14.8x).

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 Ratio146.3x
Fair PE Ratio78x

Price-To-Earnings vs Fair Ratio: 1MU is expensive based on its Price-To-Earnings Ratio (146.3x) compared to the estimated Fair Price-To-Earnings Ratio (78x).

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€98.13
€138.61
+41.2%
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€60.00n/a35
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
Nov ’23€55.61
€67.77
+21.9%
16.8%€101.22€45.55€65.4633

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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