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MU

Micron TechnologyNasdaqGS:MU Stock Report

Last Price

US$81.93

Market Cap

US$91.7b

7D

-15.8%

1Y

-0.4%

Updated

21 Jan, 2022

Data

Company Financials +
MU fundamental analysis
Snowflake Score
Valuation4/6
Future Growth4/6
Past Performance5/6
Financial Health6/6
Dividends0/6

MU Stock Overview

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

Micron Technology Competitors

NVIDIA

NasdaqGS:NVDA

US$584.4b

Broadcom

NasdaqGS:AVGO

US$220.2b

Intel

NasdaqGS:INTC

US$211.6b

QUALCOMM

NasdaqGS:QCOM

US$184.7b

Price History & Performance

Summary of all time highs, changes and price drops for Micron Technology
Historical stock prices
Current Share PriceUS$81.93
52 Week HighUS$98.45
52 Week LowUS$65.67
Beta1.15
1 Month Change-9.31%
3 Month Change21.36%
1 Year Change-0.43%
3 Year Change110.29%
5 Year Change241.80%
Change since IPO8,093.00%

Recent News & Updates

Jan 14

Micron Technology Stock Forecast: What To Watch For In 2022

Micron benefits from macro tailwinds and the oligopoly in its industry. The current year will be very profitable for Micron, and earnings will likely be even higher in the following two years. Shares are not expensive, but the risk-reward setup is not as great as it was last fall when shares were even cheaper.

Shareholder Returns

MUUS SemiconductorUS Market
7D-15.8%-12.1%-6.1%
1Y-0.4%15.6%4.2%

Return vs Industry: MU underperformed the US Semiconductor industry which returned 15.7% over the past year.

Return vs Market: MU underperformed the US Market which returned 6.6% over the past year.

Price Volatility

Is MU's price volatile compared to industry and market?
MU volatility
MU Average Weekly Movement6.0%
Semiconductor Industry Average Movement7.8%
Market Average Movement6.7%
10% most volatile stocks in US Market15.6%
10% least volatile stocks in US Market2.4%

Stable Share Price: MU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: MU's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197843,000Sanjay Mehrotrahttps://www.micron.com

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, Storage Business Unit, and Embedded Business Unit. It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.

Micron Technology Fundamentals Summary

How do Micron Technology's earnings and revenue compare to its market cap?
MU fundamental statistics
Market CapUS$91.74b
Earnings (TTM)US$7.36b
Revenue (TTM)US$29.62b

12.5x

P/E Ratio

3.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
MU income statement (TTM)
RevenueUS$29.62b
Cost of RevenueUS$17.32b
Gross ProfitUS$12.30b
ExpensesUS$4.94b
EarningsUS$7.36b

Last Reported Earnings

Dec 02, 2021

Next Earnings Date

n/a

Earnings per share (EPS)6.58
Gross Margin41.53%
Net Profit Margin24.86%
Debt/Equity Ratio13.3%

How did MU perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

3%

Payout Ratio

Valuation

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

12.46x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: MU ($81.93) is trading above our estimate of fair value ($72.18)

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 (12.5x) compared to the US Semiconductor industry average (28.1x).

PE vs Market: MU is good value based on its PE Ratio (12.5x) compared to the US market (16.7x).


Price to Earnings Growth Ratio

PEG Ratio: MU is good value based on its PEG Ratio (0.9x)


Price to Book Ratio

PB vs Industry: MU is good value based on its PB Ratio (2x) compared to the US Semiconductor industry average (4.1x).


Future Growth

How is Micron Technology forecast to perform in the next 1 to 3 years based on estimates from 33 analysts?

13.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MU's forecast earnings growth (13.3% per year) is above the savings rate (2%).

Earnings vs Market: MU's earnings (13.3% per year) are forecast to grow faster than the US market (13.1% per year).

High Growth Earnings: MU's earnings are forecast to grow, but not significantly.

Revenue vs Market: MU's revenue (10.6% per year) is forecast to grow faster than the US market (9.2% per year).

High Growth Revenue: MU's revenue (10.6% 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 (22.9%)


Past Performance

How has Micron Technology performed over the past 5 years?

-3.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: MU has high quality earnings.

Growing Profit Margin: MU's current net profit margins (24.9%) are higher than last year (13.6%).


Past Earnings Growth Analysis

Earnings Trend: MU has become profitable over the past 5 years, growing earnings by -3.9% per year.

Accelerating Growth: MU's earnings growth over the past year (145.8%) exceeds its 5-year average (-3.9% per year).

Earnings vs Industry: MU earnings growth over the past year (145.8%) exceeded the Semiconductor industry 80.5%.


Return on Equity

High ROE: MU's Return on Equity (16%) is considered low.


Financial Health

How is Micron Technology's financial position?


Financial Position Analysis

Short Term Liabilities: MU's short term assets ($20.2B) exceed its short term liabilities ($6.5B).

Long Term Liabilities: MU's short term assets ($20.2B) exceed its long term liabilities ($8.8B).


Debt to Equity History and Analysis

Debt Level: MU has more cash than its total debt.

Reducing Debt: MU's debt to equity ratio has reduced from 64.1% to 13.3% over the past 5 years.

Debt Coverage: MU's debt is well covered by operating cash flow (236.9%).

Interest Coverage: MU's interest payments on its debt are well covered by EBIT (60.1x coverage).


Balance Sheet


Dividend

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

0.49%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: MU's dividend (0.49%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.36%).

High Dividend: MU's dividend (0.49%) is low compared to the top 25% of dividend payers in the US market (3.55%).


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: MU is not paying a notable dividend for the US market.


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)

4.67yrs

Tenure

US$25,316,709

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 ($USD25.32M) is above average for companies of similar size in the US market ($USD11.42M).

Compensation vs Earnings: Sanjay's compensation has increased by more than 20% in 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 considered experienced (3.3 years average tenure).


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 employee growth, exchange listings and data sources


Key Information

  • Name: Micron Technology, Inc.
  • Ticker: MU
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Implied Market Cap: US$91.743b
  • Shares outstanding: 1.12b
  • Website: https://www.micron.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/21 23:36
End of Day Share Price2022/01/21 00:00
Earnings2021/12/02
Annual Earnings2021/09/02


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.