MU

Micron TechnologyNasdaqGS:MU Stock Report

Market Cap

US$81.2b

7D

-1.8%

1Y

45.2%

Updated

22 Sep, 2021

Data

Company Financials +
MU fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance5/6
Financial Health6/6
Dividends0/6

MU Overview

Micron Technology, Inc. designs, manufactures, and sells memory and storage products worldwide.

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 +/- 4% a week.

Volatility Over Time: MU's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-1.8%

MU

-3.1%

US Semiconductor

-1.8%

US Market


1 Year Return

45.2%

MU

49.2%

US Semiconductor

31.5%

US Market

Return vs Industry: MU underperformed the US Semiconductor industry which returned 50.7% over the past year.

Return vs Market: MU exceeded the US Market which returned 33% over the past year.


Shareholder returns

MUIndustryMarket
7 Day-1.8%-3.1%-1.8%
30 Day2.7%2.5%-0.9%
90 Day-8.7%4.9%0.8%
1 Year45.2%45.2%51.0%49.2%33.5%31.5%
3 Year61.6%61.6%133.6%122.1%57.5%47.8%
5 Year300.8%300.8%283.2%248.1%119.1%95.3%

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

Micron Technology Fundamentals Summary

How do Micron Technology's earnings and revenue compare to its market cap?
MU fundamental statistics
Market CapUS$81.21b
Earnings (TTM)US$4.13b
Revenue (TTM)US$25.49b

19.7x

P/E Ratio

3.2x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MU income statement (TTM)
RevenueUS$25.49b
Cost of RevenueUS$16.91b
Gross ProfitUS$8.58b
ExpensesUS$4.45b
EarningsUS$4.13b

Last Reported Earnings

Jun 03, 2021

Next Earnings Date

Sep 28, 2021

Earnings per share (EPS)3.70
Gross Margin33.66%
Net Profit Margin16.20%
Debt/Equity Ratio14.5%

How did MU perform over the long term?

See historical performance and comparison

Dividends

0.6%

Current Dividend Yield

n/a

Payout Ratio

Does MU pay a reliable dividends?

See MU dividend history and benchmarks
When do you need to buy MU by to receive an upcoming dividend?
Micron Technology dividend dates
Ex Dividend DateSep 30 2021
Dividend Pay DateOct 18 2021
Days until Ex dividend8 days
Days until Dividend pay date26 days

Does MU pay a reliable dividends?

See MU dividend history and benchmarks

Valuation

Is Micron Technology undervalued compared to its fair value and its price relative to the market?

19.67x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MU ($72.14) is trading above our estimate of fair value ($58.13)

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 (19.7x) compared to the US Semiconductor industry average (28.2x).

PE vs Market: MU is poor value based on its PE Ratio (19.7x) compared to the US market (17.5x).


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 (1.9x) compared to the US Semiconductor industry average (4.5x).


Future Growth

How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 29 analysts?

25.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU's forecast earnings growth (25% per year) is above the savings rate (2%).

Earnings vs Market: MU's earnings (25% 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 (15.6% per year) is forecast to grow faster than the US market (9.8% per year).

High Growth Revenue: MU's revenue (15.6% 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 (23.3%)


Past Performance

How has Micron Technology performed over the past 5 years?

5.5%

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 70.6%.


Return on Equity

High ROE: MU's Return on Equity (9.8%) is considered low.


Financial Health

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).


Balance Sheet


Dividend

What is Micron Technology current dividend yield, its reliability and sustainability?

0.55%

Current Dividend Yield


Upcoming Dividend Payment

TodaySep 22 2021Ex Dividend DateSep 30 2021Dividend Pay DateOct 18 202118 days from Ex DividendBuy in the next 8 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MU's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: MU's dividend (0.55%) is low compared to the top 25% of dividend payers in the US market (3.65%).


Stability and Growth of Payments

Stable Dividend: MU is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: MU is not paying a notable dividend for the US market, therefore no need to check if payments are 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.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Sanjay Mehrotra (62 yo)

4.33yrs

Tenure

US$19,995,488

Compensation

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 ($USD20.00M) is above average for companies of similar size in the US market ($USD11.33M).

Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: MU's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: MU's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Micron Technology, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Micron Technology, Inc.
  • Ticker: MU
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: US$81.212b
  • Shares outstanding: 1.13b
  • Website: https://www.micron.com

Number of Employees


Location

  • Micron Technology, Inc.
  • 8000 South Federal Way
  • Boise
  • Idaho
  • 83716-9632
  • United States

Listings


Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/22 00:11
End of Day Share Price2021/09/21 00:00
Earnings2021/06/03
Annual Earnings2020/09/03


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.