Financials Micron Technology, Inc.

Equities

MU

US5951121038

Semiconductors

Real-time Estimate Cboe BZX 02:55:06 2024-05-28 pm EDT 5-day change 1st Jan Change
131.1 USD +1.22% Intraday chart for Micron Technology, Inc. +2.65% +53.36%

Valuation

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 49,969 50,562 82,968 62,361 76,605 143,393 - -
Enterprise Value (EV) 1 47,865 47,949 79,280 58,212 80,341 146,727 144,251 142,512
P/E ratio 8.22 x 19.2 x 14.3 x 7.29 x -13.1 x 320 x 16.8 x 13.7 x
Yield - - 0.14% 0.76% 0.66% 0.36% 0.38% 0.4%
Capitalization / Revenue 2.13 x 2.36 x 2.99 x 2.03 x 4.93 x 5.81 x 4.08 x 3.57 x
EV / Revenue 2.04 x 2.24 x 2.86 x 1.89 x 5.17 x 5.95 x 4.11 x 3.55 x
EV / EBITDA 3.73 x 5.54 x 6.34 x 3.46 x 40 x 17.1 x 8.17 x 7.19 x
EV / FCF 14 x 578 x 32.5 x 18.7 x -13.1 x 86.6 x 27.1 x 25.1 x
FCF Yield 7.12% 0.17% 3.08% 5.35% -7.61% 1.15% 3.7% 3.98%
Price to Book 1.45 x 1.32 x 1.91 x 1.27 x 1.73 x 3.23 x 2.76 x 2.43 x
Nbr of stocks (in thousands) 1,103,803 1,110,998 1,125,754 1,103,145 1,095,302 1,107,368 - -
Reference price 2 45.27 45.51 73.70 56.53 69.94 129.5 129.5 129.5
Announcement Date 9/26/19 9/29/20 9/28/21 9/29/22 9/27/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,406 21,435 27,705 30,758 15,540 24,665 35,123 40,140
EBITDA 1 12,849 8,653 12,497 16,818 2,011 8,587 17,664 19,810
EBIT 1 7,801 3,419 7,667 10,281 -4,819 1,457 10,393 13,331
Operating Margin 33.33% 15.95% 27.67% 33.43% -31.01% 5.91% 29.59% 33.21%
Earnings before Tax (EBT) 1 7,048 2,983 6,218 9,571 -5,658 666.1 9,838 11,958
Net income 1 6,313 2,687 5,861 8,687 -5,833 566.1 8,568 11,210
Net margin 26.97% 12.54% 21.16% 28.24% -37.54% 2.3% 24.39% 27.93%
EPS 2 5.510 2.370 5.140 7.750 -5.340 0.4044 7.716 9.435
Free Cash Flow 1 3,409 83 2,438 3,114 -6,117 1,694 5,332 5,671
FCF margin 14.56% 0.39% 8.8% 10.12% -39.36% 6.87% 15.18% 14.13%
FCF Conversion (EBITDA) 26.53% 0.96% 19.51% 18.52% - 19.73% 30.19% 28.63%
FCF Conversion (Net income) 54% 3.09% 41.6% 35.85% - 299.29% 62.23% 50.59%
Dividend per Share 2 - - 0.1000 0.4300 0.4600 0.4620 0.4938 0.5144
Announcement Date 9/26/19 9/29/20 9/28/21 9/29/22 9/27/23 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: August 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2 2025 Q3
Net sales 1 7,687 7,786 8,642 6,643 4,085 3,693 3,752 4,010 4,726 5,824 6,636 7,411 8,089 8,551 9,218
EBITDA 1 4,302 4,288 4,825 3,403 1,712 -361 195 465 787 2,115 2,412 2,941 3,421 4,109 -
EBIT 1 2,725 2,750 3,144 1,662 -65 -2,077 -1,469 -1,208 -955 204 798.8 1,395 2,020 2,455 2,988
Operating Margin 35.45% 35.32% 36.38% 25.02% -1.59% -56.24% -39.15% -30.12% -20.21% 3.5% 12.04% 18.82% 24.97% 28.72% 32.41%
Earnings before Tax (EBT) 1 2,521 2,509 2,988 1,553 -176 -2,271 -1,753 -1,458 -1,155 170 577.1 1,255 1,794 2,660 3,332
Net income 1 2,306 2,263 2,626 1,492 -195 -2,312 -1,896 -1,430 -1,234 793 301.9 938.5 1,657 2,152 2,632
Net margin 30% 29.06% 30.39% 22.46% -4.77% -62.6% -50.53% -35.66% -26.11% 13.62% 4.55% 12.66% 20.48% 25.17% 28.55%
EPS 2 2.040 2.000 2.340 1.350 -0.1800 -2.120 -1.730 -1.310 -1.120 0.7100 0.2429 0.8480 1.483 1.901 2.328
Dividend per Share 2 0.1000 0.1000 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1150 0.1142 0.1142 0.1163 0.1163 0.1166
Announcement Date 12/20/21 3/29/22 6/30/22 9/29/22 12/21/22 3/28/23 6/28/23 9/27/23 12/20/23 3/20/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: August 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - 3,736 3,334 858 -
Net Cash position 1 2,104 2,613 3,688 4,149 - - - 881
Leverage (Debt/EBITDA) - - - - 1.858 x 0.3882 x 0.0486 x -
Free Cash Flow 1 3,409 83 2,438 3,114 -6,117 1,694 5,332 5,671
ROE (net income / shareholders' equity) 21.5% 8.64% 16.8% 18.5% -10.3% 0.39% 14.5% 16.9%
ROA (Net income/ Total Assets) 15.9% 6.31% 12.4% 13.9% -7.45% 1.02% 12.1% 12.6%
Assets 1 39,817 42,595 47,270 62,566 78,303 55,497 70,602 89,215
Book Value Per Share 2 31.20 34.50 38.50 44.50 40.40 40.10 46.90 53.20
Cash Flow per Share 2 11.50 7.340 10.90 13.50 1.430 7.950 15.10 15.80
Capex 1 9,780 8,223 10,030 12,067 7,676 7,802 10,228 11,048
Capex / Sales 41.78% 38.36% 36.2% 39.23% 49.4% 31.63% 29.12% 27.52%
Announcement Date 9/26/19 9/29/20 9/28/21 9/29/22 9/27/23 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
38
Last Close Price
129.5 USD
Average target price
134 USD
Spread / Average Target
+3.45%
Consensus
  1. Stock Market
  2. Equities
  3. MU Stock
  4. Financials Micron Technology, Inc.