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Micron Technology Inc
NASDAQ:MU

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Micron Technology Inc Logo
Micron Technology Inc
NASDAQ:MU
Watchlist
Price: 90.61 USD 1% Market Closed
Updated: Mar 1, 2024

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 104.29 USD. Compared to the current market price of 90.61 USD, Micron Technology Inc is Undervalued by 13%.

Key Points:
MU Intrinsic Value
Base Case
104.29 USD
Undervaluation 13%
Intrinsic Value
Price
Worst Case
Base Case
Best Case

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Micron Technology Inc

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Fundamental Analysis

Company Sees Revenue Growth and Margin Improvement
2024-Q1 Earnings Call

Company Sees Revenue Growth and Margin Improvement

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.

Financials

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
Efficiency
Fundamental Scores

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.

Exceptional Revenue Growth Forecast
Negative Gross Profit
Negative Operating Income
Negative Net Income
39/100
Profitability
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.

Short-Term Solvency
Low D/E
Long-Term Solvency
High Altman Z-Score
69/100
Solvency
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

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 97.62 USD with a low forecast of 42.85 USD and a high forecast of 147 USD.

Lowest
Price Target
42.85 USD
53% Downside
Average
Price Target
97.62 USD
8% Upside
Highest
Price Target
147 USD
62% Upside
View Analyst Estimates
View Analyst Estimates

Competitive Landscape

Ownership

MU Insider Trading
Buy and sell transactions by insiders

Cumulative Transactions Amount
Period Sold Bought Net
3 Months
6 Months
9 Months
12 Months
Why is insider trading important?

Shareholder Return

MU Price
Micron Technology Inc

1M 1M
+6%
6M 6M
+29%
1Y 1Y
+58%
3Y 3Y
-3%
5Y 5Y
+121%
10Y 10Y
+275%
Annual Price Range
90.61
52w Low
53.79
52w High
91.85
Price Metrics
Average Annual Return 12.38%
Standard Deviation of Annual Returns 39.61%
Max Drawdown -50%
Shares Statistics
Market Capitalization 100B USD
Shares Outstanding 1 103 910 000
Percentage of Shares Shorted 2.01%

MU Return Decomposition
Main factors of price return

What is price return decomposition?

MU News

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Last Important Events
Micron Technology Inc

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Sentiment Analysis
Micron Technology Inc

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Company Profile

Micron Technology Inc Logo
Micron Technology Inc

Country

United States of America

Industry

Semiconductors

Market Cap

100B USD

Dividend Yield

0.5%

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
https://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 Vice President of Technology & Products
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
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.
Senior Vice President of Worldwide Sales
Mr. Michael W. Bokan
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See Also

Discover More
What is the Intrinsic Value of one MU stock?

The intrinsic value of one MU stock under the Base Case scenario is 104.29 USD.

Is MU stock undervalued or overvalued?

Compared to the current market price of 90.61 USD, Micron Technology Inc is Undervalued by 13%.