Micron Technology Inc
NASDAQ:MU

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Micron Technology Inc Logo
Micron Technology Inc
NASDAQ:MU
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Price: 96.34 USD -2.86% Market Closed
Market Cap: 106.8B USD
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Intrinsic Value

The intrinsic value of one MU stock under the Base Case scenario is 134.47 USD. Compared to the current market price of 96.34 USD, Micron Technology Inc is Undervalued by 28%.

The Intrinsic Value is calculated as the average of DCF and Relative values:

MU Intrinsic Value
134.47 USD
Undervaluation 28%
Intrinsic Value
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Micron Technology Inc

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Backtest Conclusion
Very Attractive
Current Valuation
+45%
Avg Valuation
-12%
Worst Valuation
-49%
Best Valuation
+45%

Stock is trading at its lowest valuation over the past 5 years.

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Business Breakdown

Micron Technology Inc., a leader in the semiconductor industry, specializes in the design and manufacture of innovative memory and storage solutions that power a wide array of electronic devices. Founded in 1978 and headquartered in Boise, Idaho, Micron has pioneered cutting-edge technologies in dynamic random-access memory (DRAM) and NAND flash memory, essential components in everything from smartphones to data centers. As the world increasingly shifts towards digitalization and data-driven applications, Micron's expertise positions it as a crucial player in the tech landscape, benefiting from the growth in artificial intelligence, cloud computing, and autonomous vehicles. The company's com...

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Financials
Annual
Quarterly
TTM
Annual
Quarterly
TTM

Balance Sheet Decomposition
Micron Technology Inc

Current Assets 24.4B
Cash & Short-Term Investments 8.1B
Receivables 6.6B
Other Current Assets 9.7B
Non-Current Assets 45B
Long-Term Investments 1.2B
PP&E 40.4B
Intangibles 1.6B
Other Non-Current Assets 1.8B
Current Liabilities 9.2B
Accounts Payable 3B
Accrued Liabilities 1.2B
Other Current Liabilities 5.1B
Non-Current Liabilities 15B
Long-Term Debt 13B
Other Non-Current Liabilities 2.1B
Efficiency

Earnings Waterfall
Micron Technology Inc

Revenue
25.1B USD
Cost of Revenue
-19.5B USD
Gross Profit
5.6B USD
Operating Expenses
-4.6B USD
Operating Income
1B USD
Other Expenses
-268m USD
Net Income
778m USD

Free Cash Flow Analysis
Micron Technology Inc

Last Value
3-Years Average
FCF Margin
Conversion Rate
Earnings Calls

Micron closed fiscal 2024 with record revenues of $25.1 billion, up 62% year-over-year. The fourth quarter alone saw revenues of $7.8 billion, marking a 93% year-over-year increase. The company's DRAM and NAND segments performed exceptionally well, with DRAM revenue growing 60% year-over-year to $17.6 billion, and NAND revenue increasing 72% to $7.2 billion. Looking forward, Micron projects revenue of $8.7 billion for Q1 of fiscal 2025, supported by robust demand in data centers and AI-driven markets. Gross margins are expected to improve, driven by favorable pricing and product mix, and operating expenses are anticipated to grow by mid-teens percentages .

What is Earnings Call?
Fundamental Scores

MU Profitability Score
Profitability Due Diligence

Micron Technology Inc's profitability score is 44/100. The higher the profitability score, the more profitable the company is.

Exceptional 1-Year Revenue Growth
Exceptional Revenue Growth Forecast
Positive Gross Profit
Negative 3-Years Revenue Growth
44/100
Profitability
Score

Micron Technology Inc's profitability score is 44/100. The higher the profitability score, the more profitable the company is.

MU Solvency Score
Solvency Due Diligence

Micron Technology Inc's solvency score is 58/100. The higher the solvency score, the more solvent the company is.

High Altman Z-Score
Low D/E
Long-Term Solvency
Short-Term Solvency
58/100
Solvency
Score

Micron Technology Inc's solvency score is 58/100. The higher the solvency score, the more solvent the company is.

Wall St
Price Targets

MU Price Targets Summary
Micron Technology Inc

Wall Street analysts forecast MU stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for MU is 144.88 USD with a low forecast of 70.7 USD and a high forecast of 262.5 USD.

Lowest
Price Target
70.7 USD
27% Downside
Average
Price Target
144.88 USD
50% Upside
Highest
Price Target
262.5 USD
172% Upside
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Dividends

Dividend Yield
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Average
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Dividend Per Share
N/A
Growth 3Y
Growth 5Y
Growth 10Y
Dividend Safety Score
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Safe
0
25
50
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100
Shareholder Yield

Current shareholder yield for MU is .

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Shareholder Yield
Dividend Yield
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Buyback Yield
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Debt Paydown Yield
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Micron Technology Inc Logo
Micron Technology Inc

Country

United States of America

Industry

Semiconductors

Market Cap

106.8B USD

Dividend Yield

0.48%

Description

Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. The company is headquartered in Boise, Idaho and currently employs 43,000 full-time employees. The firm's portfolio of memory and storage technologies, including dynamic random-access memory (DRAM), negative-AND (NAND), three-dimensional (3D) XPoint memory, and NOR. Its brands include Micron and Crucial. Its business segments include Compute and Networking Business Unit (CNBU), which includes memory products sold into client, cloud server, enterprise, graphics, and networking markets; Mobile Business Unit (MBU), which includes memory products sold into smartphone and other mobile-device markets; Storage Business Unit (SBU), which includes solid state drives (SSDs) and solutions sold into enterprise, cloud, client, and consumer storage markets, other storage products sold in component and wafer form, and Embedded Business Unit (EBU), which includes memory and storage products sold into automotive, industrial, and consumer markets.

Contact

IDAHO
Boise
8000 S Federal Way, Po Box 6
+12083684000.0
www.micron.com

IPO

1984-06-01

Employees

43 000

Officers

CEO, President & Director
Mr. Sanjay Mehrotra
Executive VP & CFO
Mr. Mark J. Murphy
Executive Vice President of Global Operations
Mr. Manish H. Bhatia
Executive VP and Chief Technology & Products Officer
Dr. Scott J. DeBoer
Executive VP & Chief Business Officer
Mr. Sumit Sadana
Corporate VP & Chief Accounting Officer
Mr. Scott R. Allen
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Corp. VP & Chief Information Officer
Mr. Anand Bahl
Corporate VP of Investor Relations & Treasurer
Mr. Satya Kumar
Senior VP, Chief Legal Officer & Corporate Secretary
Mr. Michael Charles Ray Ph.D.
Corporate Vice President of Public Affairs
Ms. Courtney C. Geduldig J.D.
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See Also

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What is the Intrinsic Value of one MU stock?

The intrinsic value of one MU stock under the Base Case scenario is 134.47 USD.

Is MU stock undervalued or overvalued?

Compared to the current market price of 96.34 USD, Micron Technology Inc is Undervalued by 28%.

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