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MICRON TECHNOLOGY INC (MTE.DE) Stock Fundamental Analysis

FRA:MTE - Deutsche Boerse Ag - US5951121038 - Common Stock - Currency: EUR

88.47  +3.2 (+3.75%)

Fundamental Rating

5

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!


Dividend Valuation Growth Profitability Health

3

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.
MTE.DE Yearly Net Income VS EBIT VS OCF VS FCFMTE.DE Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B 15B

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 RankSector 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
MTE.DE Yearly ROA, ROE, ROICMTE.DE Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 20 30 40

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 RankSector 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%
MTE.DE Yearly Profit, Operating, Gross MarginsMTE.DE Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40

5

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.
MTE.DE Yearly Shares OutstandingMTE.DE Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B
MTE.DE Yearly Total Debt VS Total AssetsMTE.DE Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20B 40B 60B

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 RankSector Rank
Debt/Equity 0.28
Debt/FCF 23.69
Altman-Z 4.47
ROIC/WACC0.56
WACC10.74%
MTE.DE Yearly LT Debt VS Equity VS FCFMTE.DE Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B

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 RankSector Rank
Current Ratio 3.13
Quick Ratio 1.99
MTE.DE Yearly Current Assets VS Current LiabilitesMTE.DE Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

7

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.
MTE.DE Yearly Revenue VS EstimatesMTE.DE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B 40B
MTE.DE Yearly EPS VS EstimatesMTE.DE Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 5 10

6

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 RankSector Rank
PE 19.44
Fwd PE 8.93
MTE.DE Price Earnings VS Forward Price EarningsMTE.DE Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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 RankSector Rank
P/FCF 184.64
EV/EBITDA 7.98
MTE.DE Per share dataMTE.DE EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 10 20 30

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%

3

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 RankSector 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
MTE.DE Yearly Dividends per shareMTE.DE Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 0.1 0.2 0.3 0.4

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%
MTE.DE Yearly Income VS Free CF VS DividendMTE.DE Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B -5B 10B
MTE.DE Dividend Payout.MTE.DE Dividend Payout, showing the Payout Ratio.MTE.DE Dividend Payout.PayoutRetained Earnings

MICRON TECHNOLOGY INC

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)03-20 2025-03-20/amc
Earnings (Next)06-25 2025-06-25/amc
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 RankSector 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 RankSector 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 RankSector 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 RankSector 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%