MICRON TECHNOLOGY INC (MTE.DE) Stock Fundamental Analysis
FRA:MTE - Deutsche Boerse Ag - US5951121038 - Common Stock - Currency: EUR
MTE gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 51 industry peers in the Semiconductors & Semiconductor Equipment industry. The financial health of MTE is average, but there are quite some concerns on its profitability. MTE is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one!
1. Profitability
1.1 Basic Checks
In the past year MTE was profitable.
In the past year MTE had a positive cash flow from operations.
MTE had positive earnings in 4 of the past 5 years.
MTE had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a Return On Assets value of 6.40%, MTE perfoms like the industry average, outperforming 45.10% of the companies in the same industry.
MTE has a Return On Equity of 9.61%. This is comparable to the rest of the industry: MTE outperforms 41.18% of its industry peers.
The Return On Invested Capital of MTE (6.01%) is worse than 62.75% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.4% | ||
| ROE | 9.61% | ||
| ROIC | 6.01% |
ROA(3y)1.72%
ROA(5y)4.02%
ROE(3y)1.97%
ROE(5y)5.23%
ROIC(3y)N/A
ROIC(5y)N/A
1.3 Margins
MTE has a Profit Margin of 14.92%. This is comparable to the rest of the industry: MTE outperforms 49.02% of its industry peers.
In the last couple of years the Profit Margin of MTE has declined.
With a Operating Margin value of 19.65%, MTE perfoms like the industry average, outperforming 54.90% of the companies in the same industry.
MTE's Operating Margin has declined in the last couple of years.
The Gross Margin of MTE (34.73%) is worse than 78.43% of its industry peers.
In the last couple of years the Gross Margin of MTE has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 19.65% | ||
| PM (TTM) | 14.92% | ||
| GM | 34.73% |
OM growth 3Y-44.62%
OM growth 5Y-33.31%
PM growth 3Y-47.29%
PM growth 5Y-35.13%
GM growth 3Y-16.06%
GM growth 5Y-13.34%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), MTE is destroying value.
Compared to 1 year ago, MTE has more shares outstanding
MTE has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, MTE has an improved debt to assets ratio.
2.2 Solvency
MTE has an Altman-Z score of 4.47. This indicates that MTE is financially healthy and has little risk of bankruptcy at the moment.
MTE has a Altman-Z score (4.47) which is comparable to the rest of the industry.
The Debt to FCF ratio of MTE is 23.69, which is on the high side as it means it would take MTE, 23.69 years of fcf income to pay off all of its debts.
MTE's Debt to FCF ratio of 23.69 is on the low side compared to the rest of the industry. MTE is outperformed by 66.67% of its industry peers.
A Debt/Equity ratio of 0.28 indicates that MTE is not too dependend on debt financing.
MTE has a Debt to Equity ratio (0.28) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 23.69 | ||
| Altman-Z | 4.47 |
ROIC/WACC0.56
WACC10.74%
2.3 Liquidity
A Current Ratio of 3.13 indicates that MTE has no problem at all paying its short term obligations.
Looking at the Current ratio, with a value of 3.13, MTE is in the better half of the industry, outperforming 68.63% of the companies in the same industry.
A Quick Ratio of 1.99 indicates that MTE should not have too much problems paying its short term obligations.
MTE has a better Quick ratio (1.99) than 66.67% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 3.13 | ||
| Quick Ratio | 1.99 |
3. Growth
3.1 Past
MTE shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 269.97%, which is quite impressive.
Measured over the past years, MTE shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -27.38% on average per year.
The Revenue has grown by 71.05% in the past year. This is a very strong growth!
The Revenue has been growing slightly by 1.42% on average over the past years.
EPS 1Y (TTM)269.97%
EPS 3Y-40.6%
EPS 5Y-27.38%
EPS Q2Q%271.43%
Revenue 1Y (TTM)71.05%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%38.27%
3.2 Future
Based on estimates for the next years, MTE will show a very strong growth in Earnings Per Share. The EPS will grow by 54.12% on average per year.
The Revenue is expected to grow by 13.70% on average over the next years. This is quite good.
EPS Next Y466.64%
EPS Next 2Y197.11%
EPS Next 3Y105.58%
EPS Next 5Y54.12%
Revenue Next Year41.4%
Revenue Next 2Y33.17%
Revenue Next 3Y22.11%
Revenue Next 5Y13.7%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 19.44 indicates a rather expensive valuation of MTE.
Compared to the rest of the industry, the Price/Earnings ratio of MTE indicates a somewhat cheap valuation: MTE is cheaper than 64.71% of the companies listed in the same industry.
The average S&P500 Price/Earnings ratio is at 26.17. MTE is valued slightly cheaper when compared to this.
The Price/Forward Earnings ratio is 8.93, which indicates a very decent valuation of MTE.
Based on the Price/Forward Earnings ratio, MTE is valued cheaper than 88.24% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.10, MTE is valued rather cheaply.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 8.93 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, MTE is valued a bit cheaper than the industry average as 72.55% of the companies are valued more expensively.
MTE's Price/Free Cash Flow ratio is a bit more expensive when compared to the industry. MTE is more expensive than 66.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 184.64 | ||
| EV/EBITDA | 7.98 |
4.3 Compensation for Growth
MTE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
MTE's earnings are expected to grow with 105.58% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y197.11%
EPS Next 3Y105.58%
5. Dividend
5.1 Amount
With a yearly dividend of 0.48%, MTE is not a good candidate for dividend investing.
MTE's Dividend Yield is comparable with the industry average which is at 1.40.
With a Dividend Yield of 0.48, MTE pays less dividend than the S&P500 average, which is at 2.40.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
5.2 History
On average, the dividend of MTE grows each year by 72.66%, which is quite nice.
Dividend Growth(5Y)72.66%
Div Incr Years2
Div Non Decr Years2
5.3 Sustainability
11.09% of the earnings are spent on dividend by MTE. This is a low number and sustainable payout ratio.
The dividend of MTE is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP11.09%
EPS Next 2Y197.11%
EPS Next 3Y105.58%
FRA:MTE (5/29/2025, 10:25:38 AM)
88.47
+3.2 (+3.75%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)
Earnings (Next)
Inst Owners83.05%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap98.87B
Analysts82.08
Price Target108.03 (22.11%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.48% |
Yearly Dividend0.41
Dividend Growth(5Y)72.66%
DP11.09%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.35%
Min EPS beat(2)0.31%
Max EPS beat(2)6.39%
EPS beat(4)4
Avg EPS beat(4)6.43%
Min EPS beat(4)0.31%
Max EPS beat(4)18.38%
EPS beat(8)8
Avg EPS beat(8)40.07%
EPS beat(12)11
Avg EPS beat(12)15.17%
EPS beat(16)14
Avg EPS beat(16)12.13%
Revenue beat(2)0
Avg Revenue beat(2)-1.93%
Min Revenue beat(2)-2.93%
Max Revenue beat(2)-0.93%
Revenue beat(4)0
Avg Revenue beat(4)-1.55%
Min Revenue beat(4)-2.93%
Max Revenue beat(4)-0.86%
Revenue beat(8)1
Avg Revenue beat(8)-0.27%
Revenue beat(12)1
Avg Revenue beat(12)-1.26%
Revenue beat(16)2
Avg Revenue beat(16)-1.26%
PT rev (1m)-7.59%
PT rev (3m)-13.99%
EPS NQ rev (1m)0.53%
EPS NQ rev (3m)2.11%
EPS NY rev (1m)0.44%
EPS NY rev (3m)1.57%
Revenue NQ rev (1m)0.22%
Revenue NQ rev (3m)3.19%
Revenue NY rev (1m)0.12%
Revenue NY rev (3m)1.54%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 19.44 | ||
| Fwd PE | 8.93 | ||
| P/S | 3.57 | ||
| P/FCF | 184.64 | ||
| P/OCF | 8.56 | ||
| P/B | 2.3 | ||
| P/tB | 2.38 | ||
| EV/EBITDA | 7.98 |
EPS(TTM)4.55
EY5.14%
EPS(NY)9.91
Fwd EY11.2%
FCF(TTM)0.48
FCFY0.54%
OCF(TTM)10.34
OCFY11.68%
SpS24.77
BVpS38.45
TBVpS37.21
PEG (NY)0.04
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 6.4% | ||
| ROE | 9.61% | ||
| ROCE | 9.44% | ||
| ROIC | 6.01% | ||
| ROICexc | 6.88% | ||
| ROICexgc | 7.07% | ||
| OM | 19.65% | ||
| PM (TTM) | 14.92% | ||
| GM | 34.73% | ||
| FCFM | 1.93% |
ROA(3y)1.72%
ROA(5y)4.02%
ROE(3y)1.97%
ROE(5y)5.23%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3Y-49.51%
ROICexcg growth 5Y-37.89%
ROICexc growth 3Y-49.41%
ROICexc growth 5Y-37.69%
OM growth 3Y-44.62%
OM growth 5Y-33.31%
PM growth 3Y-47.29%
PM growth 5Y-35.13%
GM growth 3Y-16.06%
GM growth 5Y-13.34%
F-Score7
Asset Turnover0.43
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.28 | ||
| Debt/FCF | 23.69 | ||
| Debt/EBITDA | 0.98 | ||
| Cap/Depr | 154.87% | ||
| Cap/Sales | 39.8% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 92.03% | ||
| Profit Quality | 12.97% | ||
| Current Ratio | 3.13 | ||
| Quick Ratio | 1.99 | ||
| Altman-Z | 4.47 |
F-Score7
WACC10.74%
ROIC/WACC0.56
Cap/Depr(3y)125.44%
Cap/Depr(5y)136.66%
Cap/Sales(3y)40.67%
Cap/Sales(5y)39.32%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)269.97%
EPS 3Y-40.6%
EPS 5Y-27.38%
EPS Q2Q%271.43%
EPS Next Y466.64%
EPS Next 2Y197.11%
EPS Next 3Y105.58%
EPS Next 5Y54.12%
Revenue 1Y (TTM)71.05%
Revenue growth 3Y-3.22%
Revenue growth 5Y1.42%
Sales Q2Q%38.27%
Revenue Next Year41.4%
Revenue Next 2Y33.17%
Revenue Next 3Y22.11%
Revenue Next 5Y13.7%
EBIT growth 1Y247.6%
EBIT growth 3Y-46.41%
EBIT growth 5Y-32.36%
EBIT Next Year932.39%
EBIT Next 3Y141.38%
EBIT Next 5Y73.34%
FCF growth 1Y131.17%
FCF growth 3Y-63.25%
FCF growth 5Y-48.71%
OCF growth 1Y46.87%
OCF growth 3Y-11.96%
OCF growth 5Y-8.4%