Micron Technology, Inc. [MU]

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Stock Summary

Earnings have grown 29.25% per last year.

MU's dividend payments are well covered by cash flows with cash payout ratio of 4.67%.

Earnings are expected to fall -4.82% next year

MU has less than 1 year of cash runway

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In the News

04:25 13 Aug 2022 MU

Why GlobalFoundries, Micron Technology, and Applied Materials Soared Today

Electric vehicles will be getting big incentives and need lots of semiconductors, while a recent report on Apple put some market fears to rest.

02:19 13 Aug 2022 MU

Wolfe Research's Chris Senyek on buyback tax: Big companies may turn more domestic

Chris Senyek, Wolfe Research chief investment strategist, joins 'The Exchange' to discuss which companies will be hit the most from the Inflation Reduction Act tax on buybacks.

06:05 13 Aug 2022 MU

Better Buy: AMD vs. Micron Technology

Both semiconductor stocks have rallied of late, but which one should you be buying?

05:29 13 Aug 2022 MU

Semiconductor Earnings Season Shows Strong Buys, Sells

TSM and AMD strong earnings and guidance. INTC and NVDA had disastrous earnings.

12:47 13 Aug 2022 MU

Semiconductor ETFs Tumble: What Lies Ahead?

The semiconductor space saw brutal trading on Aug 9, on concerns that the industry might be heading into the worst downturn in at least a decade. However, the outlook looks promising provided the CHIPS and Science Act is signed into law by President Joe Biden.

12:02 13 Aug 2022 MU

Semiconductor Stock Plunge: Buy, Sell or Hold?

This has been a bad week for semiconductor stocks so far, with NVDA and MU warning of significant demand destruction.

11:45 13 Aug 2022 MU

Did Micron Technology and Nvidia Break the Semiconductor Market?

These semiconductor giants made a significant impact this week.

11:23 13 Aug 2022 MU

Jim Cramer breaks down shares of Meta, Micron, Eli Lilly and more

'Mad Money' host Jim Cramer and the 'Squawk on the Street' team break down stocks to watch following the opening bell on Wednesday.

10:40 13 Aug 2022 MU

Micron Warning Rattles Chip Stocks

It's been a tough week for chip stocks. On Monday, Nvidia had warned its revenues would be well below its guidance as gaming revenue slowed.

11:15 13 Aug 2022 MU

Micron Warning Adds to Evidence of Chip Demand Collapse

Semiconductors are under a lot of pressure as Micron Technology Inc.'s latest warning spooks the market. Su Keenan reports on Bloomberg Television.

Financial details

Company Rating

Buy

Market Cap

68.9B

Income

9.92B

Revenue

32.39B

Book val./share

44.32

Cash/share

9.2

Dividend

0.42

Dividend %

0.64%

Employees

45K

Optionable

Yes

Shortable

Yes

Earnings

26 Sep 2022

P/E

7.11

Forward P/E

22.2

PEG

0.27

P/S

2.23

P/B

1.47

P/C

7.07

P/FCF

15.01

Quick Ratio

2.35

Current Ratio

3.24

Debt / Equity

0.15

LT Debt / Equity

0.15

EPS (TTM)

8.86

EPS next Y

2.93

EPS next Q

0.58

EPS this Y

116.12%

EPS next Y

-66.99%

EPS next 5Y

-66.99%

EPS last 5Y

2.29%

Revenue last 5Y

6.39%

Revenue Q/Q

10.99%

EPS Q/Q

16.83%

SMA20

5.8%

SMA50

-11.92%

SMA100

-18.13%

Inst Own

78.15%

Inst Trans

-1.34%

ROA

15%

ROE

21%

ROC

0.19%

Gross Margin

47%

Oper. Margin

34%

Profit Margin

31%

Payout

Shs Outstand

1.1B

Shs Float

1.1B

Target Price

81.38

52W Range

51.4-98.45

52W High

-33.63%

52W Low

+27.53%

RSI

58.92

Rel Volume

0.89

Avg Volume

17.98M

Volume

16.06M

Perf Week

1.23%

Perf Month

17.66%

Perf Quarter

-28.37%

Perf Half Y

-26.19%

Beta

1.27799

Volatility

1.91%, 2.5%

Prev Close

4.36%

Price

65.04

Change

4.9%

Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2021-09-02

Metric	2017-08-31	2018-08-30	2019-08-29	2020-09-03	2021-09-02
Revenue per share	18.66	26.38	21.01	19.31	24.74
Net income per share	4.67	12.27	5.67	2.42	5.23
Operating cash flow per share	7.49	15.1	11.84	7.48	11.13
Free cash flow per share	3.14	7.4	3.06	0.07	2.18
Cash per share	4.98	5.9	7.14	7.34	7.71
Book value per share	17.1	28.03	32.21	35.13	39.23
Tangible book value per share	16.4	26.68	30.8	33.72	37.82
Share holders equity per share	17.1	28.03	32.21	35.13	39.23
Interest debt per share	9.7	3.58	4.19	6.64	6.66
Market cap	42.83B	52.1B	48.14B	51.67B	79.51B
Enterprise value	47.69B	49.38B	45.52B	51.22B	79.03B
P/E ratio	8.42	3.69	7.62	19.23	13.57
Price to sales ratio	2.11	1.71	2.06	2.41	2.87
POCF ratio	5.25	2.99	3.65	6.22	6.38
PFCF ratio	12.53	6.11	14.12	622.54	32.61
P/B Ratio	2.3	1.61	1.34	1.33	1.81
PTB ratio	2.3	1.61	1.34	1.33	1.81
EV to sales	2.35	1.62	1.95	2.39	2.85
Enterprise value over EBITDA	4.93	2.54	3.62	5.81	6.25
EV to operating cash flow	5.85	2.84	3.45	6.17	6.34
EV to free cash flow	13.95	5.79	13.35	617.14	32.41
Earnings yield	0.12	0.27	0.13	0.05	0.07
Free cash flow yield	0.08	0.16	0.07	0	0.03
Debt to equity	0.49	0.12	0.13	0.18	0.16
Debt to assets	0.45	0.26	0.27	0.27	0.25
Net debt to EBITDA	0.5	-0.14	-0.21	-0.05	-0.04
Current ratio	2.34	2.79	2.58	2.71	3.1
Interest coverage	9.76	43.84	57.63	15.48	34.33
Income quality	1.6	1.23	2.09	3.09	2.13
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0	0	0
Sales general and administrative to revenue	0.04	0.03	0.04	0	0
Research and developement to revenue	0.09	0.07	0.1	0.12	0.1
Intangibles to total assets	0.05	0.04	0.03	0.03	0.03
Capex to operating cash flow	-0.58	-0.51	-0.74	-0.99	-0.8
Capex to revenue	-0.23	-0.29	-0.42	-0.38	-0.36
Capex to depreciation	-1.23	-1.87	-1.8	-1.46	-1.61
Stock based compensation to revenue	0.01	0.01	0.01	0.02	0.01
Graham number	42.4	87.97	64.08	43.74	67.96
ROIC	0.2	0.4	0.17	0.06	0.12
Return on tangible assets	0.15	0.34	0.13	0.05	0.1
Graham Net	-5.56	1.41	-0.09	-0.72	-0.05
Working capital	7.12B	10.29B	10.11B	11.33B	13.48B
Tangible asset value	17.86B	30.74B	34.31B	37.43B	42.36B
Net current asset value	-3.41B	4.96B	3.5B	3.28B	4.99B
Invested capital	0.54	0.12	0.13	0.18	0.17
Average receivables	3.84B	4.7B	3.55B	3.91B	4.61B
Average payables	1.76B	1.94B	1.93B	2.19B	1.97B
Average inventory	4.37B	4.6B	5.36B	5.61B	5.05B
Days sales outstanding	67.51	65.79	49.79	66.61	69.97
Days payables outstanding	40.93	49.41	48.18	53.73	36.83
Days of inventory on hand	95.9	104.97	147.05	137.51	94.77
Receivables turnover	5.41	5.55	7.33	5.48	5.22
Payables turnover	8.92	7.39	7.58	6.79	9.91
Inventory turnover	3.81	3.48	2.48	2.65	3.85
ROE	0.27	0.44	0.18	0.07	0.13
Capex per share	-4.35	-7.71	-8.78	-7.41	-8.96

Quarterly Fundamentals Overview

Last date of statement is 2022-06-02 for Q3

Metric	2021-06-03	2021-09-02	2021-12-02	2022-03-03	2022-06-02
Revenue per share	6.62	7.37	6.87	6.96	7.77
Net income per share	1.55	2.42	2.06	2.02	2.36
Operating cash flow per share	3.18	3.46	3.52	3.24	3.45
Free cash flow per share	1.16	1.66	0.6	0.91	1.13
Cash per share	7.45	7.69	8.56	9.05	9.2
Book value per share	37.7	39.12	41.03	42.76	44.32
Tangible book value per share	36.29	37.72	39.62	41.29	42.84
Share holders equity per share	37.7	39.12	41.03	42.76	44.32
Interest debt per share	6.49	6.52	6.78	6.85	6.87
Market cap	91.96B	83.09B	92.74B	99.79B	83.81B
Enterprise value	91.42B	82.61B	91.61B	98.29B	82.25B
P/E ratio	13.25	7.64	10.05	11.02	7.98
Price to sales ratio	12.39	10.04	12.06	12.82	9.7
POCF ratio	25.83	21.39	23.55	27.51	21.84
PFCF ratio	70.68	44.46	137.8	98.12	66.52
P/B Ratio	2.18	1.89	2.02	2.09	1.7
PTB ratio	2.18	1.89	2.02	2.09	1.7
EV to sales	12.32	9.98	11.92	12.62	9.52
Enterprise value over EBITDA	26.87	17.89	21.6	22.78	16.96
EV to operating cash flow	25.68	21.27	23.26	27.09	21.43
EV to free cash flow	70.27	44.2	136.12	96.64	65.27
Earnings yield	0.02	0.03	0.02	0.02	0.03
Free cash flow yield	0.01	0.02	0.01	0.01	0.02
Debt to equity	0.16	0.16	0.16	0.16	0.15
Debt to assets	0.24	0.25	0.25	0.25	0.25
Net debt to EBITDA	-0.16	-0.1	-0.27	-0.35	-0.32
Current ratio	3.4	3.1	3.1	3.11	3.24
Interest coverage	39.11	62.87	58.47	46.29	68.27
Income quality	2.05	1.43	1.71	1.6	1.46
Dividend Yield	0	0	0	0	0
Payout ratio	0	0	0.05	0.05	0.04
Sales general and administrative to revenue	0	0	0	0	0
Research and developement to revenue	0.09	0.09	0.09	0.1	0.09
Intangibles to total assets	0.03	0.03	0.03	0.03	0.03
Capex to operating cash flow	-0.63	-0.52	-0.83	-0.72	-0.67
Capex to revenue	-0.3	-0.24	-0.42	-0.34	-0.3
Capex to depreciation	-1.45	-1.24	-1.95	-1.5	-1.42
Stock based compensation to revenue	0.01	0.01	0.02	0.02	0.02
Graham number	36.23	46.17	43.61	44.11	48.53
ROIC	0.04	0.06	0.05	0.04	0.05
Return on tangible assets	0.03	0.05	0.04	0.04	0.04
Graham Net	0.1	-0.05	0.53	0.89	1.53
Working capital	13.1B	13.48B	13.68B	14.58B	15.7B
Tangible asset value	40.68B	42.36B	44.33B	46.2B	47.64B
Net current asset value	4.88B	4.99B	4.85B	5.65B	6.69B
Invested capital	0.17	0.17	0.16	0.16	0.15
Average receivables	4.81B	5.35B	5.32B	5.38B	5.81B
Average payables	1.78B	1.83B	1.91B	1.92B	1.97B
Average inventory	4.96B	4.94B	5.11B	5.38B	5.51B
Days sales outstanding	51.31	57.77	61.47	62.23	64.87
Days payables outstanding	34.36	35.98	41.4	42.13	39.44
Days of inventory on hand	95.05	92.58	105.39	117.88	109.97
Receivables turnover	1.75	1.56	1.46	1.45	1.39
Payables turnover	2.62	2.5	2.17	2.14	2.28
Inventory turnover	0.95	0.97	0.85	0.76	0.82
ROE	0.04	0.06	0.05	0.05	0.05
Capex per share	-2.02	-1.79	-2.92	-2.33	-2.32

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Company Profile

Volume Average 17.98M
Market Capitalization 68.9B
Employee 45K
CEO Mr. Sanjay Mehrotra
Headquarters Boise,IDAHO,US
IPO Date 1984-06-01
Website https://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. The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as 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 wafers; and memory and storage products for the automotive, industrial, and consumer markets. It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.