Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide. More Details
Flawless balance sheet with solid track record.
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: MU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: MU's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: MU underperformed the US Semiconductor industry which returned 54.5% over the past year.
Return vs Market: MU exceeded the US Market which returned 37.8% over the past year.
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
3 days ago | Simply Wall StIs Micron Technology, Inc. (NASDAQ:MU) Expensive For A Reason? A Look At Its Intrinsic Value
2 weeks ago | Simply Wall StMicron Technology Inc. (NASDAQ:MU) Has Some Moat vs the Semiconductor Industry
3 weeks ago | Simply Wall StMicron Technology (NASDAQ:MU) Could Easily Take On More Debt
Is Micron Technology undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MU ($74.22) is trading above our estimate of fair value ($57.97)
Significantly Below Fair Value: MU is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MU is good value based on its PE Ratio (20.1x) compared to the US Semiconductor industry average (32.8x).
PE vs Market: MU is poor value based on its PE Ratio (20.1x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: MU is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: MU is good value based on its PB Ratio (2x) compared to the US Semiconductor industry average (4.4x).
How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MU's forecast earnings growth (26.6% per year) is above the savings rate (2%).
Earnings vs Market: MU's earnings (26.6% per year) are forecast to grow faster than the US market (14.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MU's revenue (16.2% per year) is forecast to grow faster than the US market (9.2% per year).
High Growth Revenue: MU's revenue (16.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MU's Return on Equity is forecast to be high in 3 years time (25.2%)
How has Micron Technology performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MU has high quality earnings.
Growing Profit Margin: MU's current net profit margins (16.2%) are higher than last year (11.2%).
Past Earnings Growth Analysis
Earnings Trend: MU's earnings have grown by 5.5% per year over the past 5 years.
Accelerating Growth: MU's earnings growth over the past year (80.6%) exceeds its 5-year average (5.5% per year).
Earnings vs Industry: MU earnings growth over the past year (80.6%) exceeded the Semiconductor industry 51.1%.
Return on Equity
High ROE: MU's Return on Equity (9.8%) is considered low.
How is Micron Technology's financial position?
Financial Position Analysis
Short Term Liabilities: MU's short term assets ($18.6B) exceed its short term liabilities ($5.5B).
Long Term Liabilities: MU's short term assets ($18.6B) exceed its long term liabilities ($8.2B).
Debt to Equity History and Analysis
Debt Level: MU's debt to equity ratio (14.5%) is considered satisfactory.
Reducing Debt: MU's debt to equity ratio has reduced from 65% to 14.5% over the past 5 years.
Debt Coverage: MU's debt is well covered by operating cash flow (177.5%).
Interest Coverage: MU's interest payments on its debt are well covered by EBIT (34.5x coverage).
What is Micron Technology current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MU's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MU's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MU's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Sanjay Mehrotra (62 yo)
Mr. Sanjay Mehrotra serves as Independent Director at CDW Corporation since March 24, 2021. He has been the Chief Executive Officer, President and Director at Micron Technology, Inc. since May 8, 2017. He ...
CEO Compensation Analysis
Compensation vs Market: Sanjay's total compensation ($USD20.00M) is above average for companies of similar size in the US market ($USD11.26M).
Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.
Experienced Management: MU's management team is considered experienced (4.1 years average tenure).
Experienced Board: MU's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MU insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Micron Technology, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Micron Technology, Inc.
- Ticker: MU
- Exchange: NasdaqGS
- Founded: 1978
- Industry: Semiconductors
- Sector: Semiconductors
- Market Cap: US$83.553b
- Shares outstanding: 1.13b
- Website: https://www.micron.com
Number of Employees
- Micron Technology, Inc.
- 8000 South Federal Way
- United States
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||2021/07/28 02:44|
|End of Day Share Price||2021/07/27 00:00|
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.