Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide.
Flawless balance sheet and undervalued.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: MU underperformed the US Semiconductor industry which returned 41.1% over the past year.
Return vs Market: MU exceeded the US Market which returned 20.1% over the past year.
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
1 week ago | Simply Wall StDo Institutions Own Shares In Micron Technology, Inc. (NASDAQ:MU)?
3 weeks ago | Simply Wall StIs Micron Technology, Inc.'s (NASDAQ:MU) 9.8% ROE Better Than Average?
1 month ago | Simply Wall StAre Investors Undervaluing Micron Technology, Inc. (NASDAQ:MU) By 38%?
Is Micron Technology undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: MU ($58.5) is trading below our estimate of fair value ($92.65)
Significantly Below Fair Value: MU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: MU is good value based on its PE Ratio (18.5x) compared to the Semiconductor industry average (36.4x).
PE vs Market: MU is poor value based on its PE Ratio (18.5x) compared to the US market (18.4x).
Price to Earnings Growth Ratio
PEG Ratio: MU is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: MU is good value based on its PB Ratio (1.8x) compared to the US Semiconductor industry average (3.2x).
How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 30 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MU's forecast earnings growth (61.2% per year) is above the savings rate (1.7%).
Earnings vs Market: MU's earnings (61.2% per year) are forecast to grow faster than the US market (14.5% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: MU's revenue (18.1% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: MU's revenue (18.1% 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 low in 3 years time (14.1%).
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 (17%) are lower than last year (46.8%).
Past Earnings Growth Analysis
Earnings Trend: MU's earnings have grown significantly by 35.5% per year over the past 5 years.
Accelerating Growth: MU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: MU had negative earnings growth (-76.2%) over the past year, making it difficult to compare to the Semiconductor industry average (-27.7%).
Return on Equity
High ROE: MU's Return on Equity (9.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Micron Technology's financial position?
Financial Position Analysis
Short Term Liabilities: MU's short term assets ($16.2B) exceed its short term liabilities ($6.3B).
Long Term Liabilities: MU's short term assets ($16.2B) exceed its long term liabilities ($6.7B).
Debt to Equity History and Analysis
Debt Level: MU's debt to equity ratio (14%) is considered satisfactory.
Reducing Debt: MU's debt to equity ratio has reduced from 40.8% to 14% over the past 5 years.
Debt Coverage: MU's debt is well covered by operating cash flow (202.9%).
Interest Coverage: MU earns more interest than it pays, so coverage of interest payments is not a concern.
Inventory Level: MU has a high level of physical assets or inventory.
Debt Coverage by Assets: MU's debt is covered by short term assets (assets are 3.2x debt).
What is Micron Technology's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: Unable to evaluate MU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate MU's dividend yield against the top 25% of dividend payers, as the company has not reported any 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 (60yo)
Mr. Sanjay Mehrotra serves as an Advisor at Bow Capital. He has been the Chief Executive Officer, President and Director at Micron Technology, Inc. since May 8, 2017. Mr. Mehrotra has several years of expe ...
CEO Compensation Analysis
Compensation vs Market: Sanjay's total compensation ($USD16.94M) is above average for companies of similar size in the US market ($USD10.81M).
Compensation vs Earnings: Sanjay's compensation has been consistent with company performance over the past year.
|CEO, President & Director||2.8yrs||US$16.94m||0.049% $31.8m|
|Senior VP & CFO||2yrs||US$4.31m||0.011% $7.0m|
|Executive Vice President of Global Operations||2.3yrs||US$6.63m||0.018% $11.9m|
|Executive Vice President of Technology & Products||2.7yrs||US$4.35m||0.013% $8.7m|
|Executive VP & Chief Business Officer||2.7yrs||US$6.22m||0.014% $9.1m|
|VP & Chief Accounting Officer||0.3yrs||no data||0.00050% $324.9k|
|Chief Information Officer & VP of Information Systems||4.6yrs||no data||no data|
|Senior Director of Investor Relations||0yrs||no data||no data|
|Senior VP of Legal Affairs||6.2yrs||US$2.98m||0.025% $16.5m|
|Senior Vice President of Worldwide Sales||1.3yrs||no data||0.0063% $4.1m|
Experienced Management: MU's management team is considered experienced (2.7 years average tenure).
|CEO, President & Director||2.8yrs||US$16.94m||0.049% $31.8m|
|Independent Chairman of the Board||8yrs||US$543.67k||0.0051% $3.3m|
|Independent Director||13.1yrs||US$375.02k||0.0097% $6.3m|
|Independent Director||7.1yrs||US$395.02k||0.0078% $5.0m|
|Independent Director||1.3yrs||US$349.84k||0.00095% $617.4k|
|Independent Director||0.6yrs||US$62.05k||0.00058% $376.9k|
|Independent Director||1.3yrs||US$340.51k||0.00095% $617.4k|
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: Insufficient data to determine if insiders have bought more shares than they have sold 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$64.986b
- Shares outstanding: 1.11b
- Website: https://www.micron.com
Number of Employees
- Micron Technology, Inc.
- 8000 South Federal Way
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MU||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Jun 1984|
|MU *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Jun 1984|
|MTE||XTRA (XETRA Trading Platform)||Yes||Common Stock||DE||EUR||Jun 1984|
|MTE||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Jun 1984|
|MU||SWX (SIX Swiss Exchange)||Yes||Common Stock||CH||CHF||Jun 1984|
|0R2T||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Jun 1984|
|MU||BIT (Borsa Italiana)||Yes||Common Stock||IT||EUR||Jun 1984|
|MU||WBAG (Wiener Boerse AG)||Yes||Common Stock||AT||EUR||Jun 1984|
|MUTC34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 1 REP 1 COM USD0.10||BR||BRL||May 2019|
Micron Technology, Inc. manufactures and sells memory and storage solutions worldwide. The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit. It offers memory and storage technologies, including DRAM, NAND, NOR Flash, and 3D XPoint memory under the Micron, Crucial, and Ballistix brands, as well as private labels. The company provides memory products for the cloud server, enterprise, client, graphics, and networking markets; memory products for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafer forms for the removable storage markets, as well as 3D XPoint memory products; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its internal sales force, independent sales representatives, distributors, and e-tailers; and Web-based customer direct sales channel, as well as through channel and distribution partners primarily to original equipment manufacturers and retailers. The company has strategic collaboration with BMW Group. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/16 23:47|
|End of Day Share Price||2020/02/14 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.