Micron Technology Inc
NASDAQ:MU
Intrinsic Value
Micron Technology, Inc. engages in the provision of innovative memory and storage solutions. [ Read More ]
The intrinsic value of one MU stock under the Base Case scenario is 107.1 USD. Compared to the current market price of 93.78 USD, Micron Technology Inc is Undervalued by 12%.
Valuation Backtest
Micron Technology Inc
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Fundamental Analysis
Company Sees Revenue Growth and Margin Improvement
2024-Q1 Earnings Call
The company anticipates a revenue of $5.3 billion with a possible variation of $200 million and expects gross margin to improve to about 13%, signaling an upward trajectory from the previous quarter's breakeven margin. Operating expenses are projected at approximately $950 million. Loss per share is estimated at $0.28, subject to a $0.07 deviation. Revenue is expected to ramp up in the latter half of fiscal year '24 and continue to rise into '25, predominantly due to increasing production volumes and customer shipments. This growth trajectory aligns with the company's expectations of improved pricing and lower underutilization charges contributing to gross margin expansion throughout '24, with further margin growth anticipated in the subsequent quarters.
Balance Sheet Decomposition
Micron Technology Inc
Current Assets | 21.1B |
Cash & Short-Term Investments | 9B |
Receivables | 2.9B |
Other Current Assets | 9.1B |
Non-Current Assets | 42.7B |
Long-Term Investments | 908m |
PP&E | 38.3B |
Intangibles | 1.6B |
Other Non-Current Assets | 1.9B |
Current Liabilities | 6B |
Accounts Payable | 2B |
Accrued Liabilities | 683m |
Other Current Liabilities | 3.3B |
Non-Current Liabilities | 14.9B |
Long-Term Debt | 12.6B |
Other Non-Current Liabilities | 2.3B |
Earnings Waterfall
Micron Technology Inc
Revenue
|
16.2B
USD
|
Cost of Revenue
|
-18.5B
USD
|
Gross Profit
|
-2.3B
USD
|
Operating Expenses
|
-4B
USD
|
Operating Income
|
-6.4B
USD
|
Other Expenses
|
-503m
USD
|
Net Income
|
-6.9B
USD
|
Free Cash Flow Analysis
Micron Technology Inc
What is Free Cash Flow?
MU Profitability Score
Profitability Due Diligence
Micron Technology Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.
Score
Micron Technology Inc's profitability score is 39/100. The higher the profitability score, the more profitable the company is.
MU Solvency Score
Solvency Due Diligence
Micron Technology Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.
Score
Micron Technology Inc's solvency score is 69/100. The higher the solvency score, the more solvent the company is.
Wall St
Price Targets
MU Price Targets Summary
Micron Technology Inc
According to Wall Street analysts, the average 1-year price target for MU is 101.35 USD with a low forecast of 42.85 USD and a high forecast of 147 USD.
Ownership
MU Insider Trading
Buy and sell transactions by insiders
Period | Sold | Bought | Net |
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9 Months |
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Shareholder Return
MU Price
Micron Technology Inc
Average Annual Return | 13.38% |
Standard Deviation of Annual Returns | 40.36% |
Max Drawdown | -26% |
Market Capitalization | 103.5B USD |
Shares Outstanding | 1 100 000 000 |
Percentage of Shares Shorted | 2.01% |
MU News
Last Important Events
Micron Technology Inc
Significant happenings or occurrences that are of interest to investors. These could be company-specific developments or market-wide shifts.
Sentiment Analysis
Micron Technology Inc
Company Profile
Country
Industry
Market Cap
Dividend Yield
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
IPO
Employees
Officers
The intrinsic value of one MU stock under the Base Case scenario is 107.1 USD.
Compared to the current market price of 93.78 USD, Micron Technology Inc is Undervalued by 12%.