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MICRON TECHNOLOGY, INC. |
Market Closed -
Other stock markets
|
|
5-day change | 1st Jan Change | |
| 76.12 USD | -0.74% | -1.27% | +52.30% | |
| Nov. 30 | ASML boss Wennink to retire in April; veteran Fouquet to step up | RE |
| Nov. 29 | Raymond James Adjusts Price Target on Micron Technology to $82 From $76, Maintains Outperform Rating | MT |
Valuation
| Fiscal Period : August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 49 969 | 50 562 | 82 968 | 62 361 | 76 605 | 84 645 | - | - |
| Enterprise Value (EV) 1 | 47 865 | 47 949 | 79 280 | 58 212 | 80 341 | 90 251 | 84 034 | 82 812 |
| P/E ratio | 8,22x | 19,2x | 14,3x | 7,29x | -13,1x | -41,3x | 13,9x | 9,98x |
| Yield | - | - | 0,14% | 0,76% | 0,66% | 0,61% | 0,62% | 0,77% |
| Capitalization / Revenue | 2,13x | 2,36x | 2,99x | 2,03x | 4,93x | 3,87x | 2,78x | 2,48x |
| EV / Revenue | 2,04x | 2,24x | 2,86x | 1,89x | 5,17x | 4,13x | 2,76x | 2,43x |
| EV / EBITDA | 3,73x | 5,54x | 6,34x | 3,46x | 40,0x | 13,5x | 5,72x | 4,76x |
| EV / FCF | 14,0x | 578x | 32,5x | 18,7x | -13,1x | -125x | 21,5x | 23,6x |
| FCF Yield | 7,12% | 0,17% | 3,08% | 5,35% | -7,61% | -0,80% | 4,64% | 4,23% |
| Price to Book | 1,45x | 1,32x | 1,91x | 1,27x | 1,73x | 2,01x | 1,77x | 1,56x |
| Nbr of stocks (in thousands) | 1 103 803 | 1 110 998 | 1 125 754 | 1 103 145 | 1 095 302 | 1 103 734 | - | - |
| Reference price 2 | 45,3 | 45,5 | 73,7 | 56,5 | 69,9 | 76,1 | 76,1 | 76,1 |
| Announcement Date | 09/26/19 | 09/29/20 | 09/28/21 | 09/29/22 | 09/27/23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period : August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 23 406 | 21 435 | 27 705 | 30 758 | 15 540 | 21 865 | 30 441 | 34 138 |
| EBITDA 1 | 12 849 | 8 653 | 12 497 | 16 818 | 2 011 | 6 681 | 14 685 | 17 392 |
| EBIT 1 | 7 801 | 3 419 | 7 667 | 10 281 | -4 819 | -1 424 | 6 309 | 9 703 |
| Operating Margin | 33,3% | 16,0% | 27,7% | 33,4% | -31,0% | -6,51% | 20,7% | 28,4% |
| Earnings before Tax (EBT) 1 | 7 048 | 2 983 | 6 218 | 9 571 | -5 658 | -1 599 | 5 564 | 8 501 |
| Net income 1 | 6 313 | 2 687 | 5 861 | 8 687 | -5 833 | -2 030 | 5 932 | 7 692 |
| Net margin | 27,0% | 12,5% | 21,2% | 28,2% | -37,5% | -9,28% | 19,5% | 22,5% |
| EPS 2 | 5,51 | 2,37 | 5,14 | 7,75 | -5,34 | -1,84 | 5,47 | 7,62 |
| Free Cash Flow 1 | 3 409 | 83,0 | 2 438 | 3 114 | -6 117 | -721 | 3 900 | 3 504 |
| FCF margin | 14,6% | 0,39% | 8,80% | 10,1% | -39,4% | -3,30% | 12,8% | 10,3% |
| FCF Conversion (EBITDA) | 26,5% | 0,96% | 19,5% | 18,5% | - | - | 26,6% | 20,1% |
| FCF Conversion (Net income) | 54,0% | 3,09% | 41,6% | 35,8% | - | - | 65,8% | 45,6% |
| Dividend per Share 2 | - | - | 0,10 | 0,43 | 0,46 | 0,46 | 0,47 | 0,58 |
| Announcement Date | 26.09.19 | 29.09.20 | 28.09.21 | 29.09.22 | 27.09.23 | - | - | - |
1USD in Million2USD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period : August | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 7 422 | 8 274 | 7 687 | 7 786 | 8 642 | 6 643 | 4 085 | 3 693 | 3 752 | 4 010 | 4 587 | 4 935 | 5 678 | 6 606 | 7 120 |
| EBITDA 1 | 3 356 | 4 576 | 4 302 | 4 288 | 4 825 | 3 403 | 1 712 | -361 | 195 | 465 | 868 | 1 356 | 1 885 | 2 688 | 3 753 |
| EBIT 1 | 2 364 | 3 073 | 2 725 | 2 750 | 3 144 | 1 662 | -65,0 | -2 077 | -1 469 | -1 208 | -1 004 | -732 | -196 | 554 | 1 111 |
| Operating Margin | 31,9% | 37,1% | 35,4% | 35,3% | 36,4% | 25,0% | -1,59% | -56,2% | -39,2% | -30,1% | -21,9% | -14,8% | -3,46% | 8,39% | 15,6% |
| Earnings before Tax (EBT) 1 | 1 806 | 2 936 | 2 521 | 2 509 | 2 988 | 1 553 | -176 | -2 271 | -1 753 | -1 458 | -1 195 | -790 | -168 | 621 | 1 144 |
| Net income 1 | 1 735 | 2 720 | 2 306 | 2 263 | 2 626 | 1 492 | -195 | -2 312 | -1 896 | -1 430 | -1 273 | -837 | -292 | 466 | 997 |
| Net margin | 23,4% | 32,9% | 30,0% | 29,1% | 30,4% | 22,5% | -4,77% | -62,6% | -50,5% | -35,7% | -27,8% | -17,0% | -5,15% | 7,06% | 14,0% |
| EPS 2 | 1,52 | 2,39 | 2,04 | 2,00 | 2,34 | 1,35 | -0,18 | -2,12 | -1,73 | -1,31 | -1,15 | -0,78 | -0,25 | 0,41 | 0,87 |
| Dividend per Share 2 | - | 0,10 | 0,10 | 0,10 | 0,12 | 0,12 | 0,12 | 0,12 | 0,12 | 0,12 | 0,11 | 0,11 | 0,11 | 0,11 | 0,13 |
| Announcement Date | 06/30/21 | 09/28/21 | 12/20/21 | 03/29/22 | 06/30/22 | 09/29/22 | 12/21/22 | 03/28/23 | 06/28/23 | 09/27/23 | - | - | - | - | - |
1USD in Million2USD
Estimates
Balance Sheet Analysis
| Fiscal Period : August | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | 3 736 | 5 606 | - | - |
| Net Cash position 1 | 2 104 | 2 613 | 3 688 | 4 149 | - | - | 611 | 1 833 |
| Leverage (Debt/EBITDA) | - | - | - | - | 1,86x | 0,84x | - | - |
| Free Cash Flow 1 | 3 409 | 83,0 | 2 438 | 3 114 | -6 117 | -721 | 3 900 | 3 504 |
| ROE (net income / shareholders' equity) | 21,5% | 8,64% | 16,8% | 18,5% | -10,3% | -3,11% | 14,2% | 16,4% |
| Shareholders' equity 1 | 29 422 | 31 097 | 34 845 | 46 920 | 56 403 | 65 253 | 41 652 | 46 872 |
| ROA (Net income/ Total Assets) | 15,9% | 6,31% | 12,4% | 13,9% | -7,45% | -1,74% | 8,42% | 10,7% |
| Assets 1 | 39 817 | 42 595 | 47 270 | 62 566 | 78 303 | 116 922 | 70 405 | 71 827 |
| Book Value Per Share 2 | 31,2 | 34,5 | 38,5 | 44,5 | 40,4 | 37,8 | 43,0 | 48,9 |
| Cash Flow per Share 2 | 11,5 | 7,34 | 10,9 | 13,5 | 1,43 | 6,21 | 12,3 | 13,9 |
| Capex 1 | 9 780 | 8 223 | 10 030 | 12 067 | 7 676 | 7 804 | 9 232 | 9 942 |
| Capex / Sales | 41,8% | 38,4% | 36,2% | 39,2% | 49,4% | 35,7% | 30,3% | 29,1% |
| Announcement Date | 09/26/19 | 09/29/20 | 09/28/21 | 09/29/22 | 09/27/23 | - | - | - |
1USD in Million2USD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating :
Investor Rating :
ESG Refinitiv :
B+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
37
Last Close Price
76.12USD
Average target price
82.22USD
Spread / Average Target
+8.01%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +52.30% | 84 208 M $ | |
| +220.04% | 1189 B $ | |
| +28.65% | 476 B $ | |
| +65.57% | 388 B $ | |
| +87.06% | 200 B $ | |
| +69.13% | 189 B $ | |
| +17.38% | 142 B $ | |
| -7.57% | 139 B $ | |
| +11.80% | 90 672 M $ | |
| +78.53% | 69 446 M $ |
- Stock
- Equities
- Stock Micron Technology, Inc. - Nasdaq
- Financials Micron Technology, Inc.
