Financials Micron Technology, Inc.

Equities

MU

US5951121038

Semiconductors

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103.20 ^USD	+3.37%		102.96	-0.24%

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Projected Income Statement: Micron Technology, Inc.

income-statement-evolution-chart MICRON-TECHNOLOGY-INC

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	21,435	27,705	30,758	15,540	25,111	38,197	46,126	44,832
Change	-	29.25%	11.02%	-49.48%	61.59%	52.11%	20.76%	-2.81%
EBITDA ¹	8,653	12,497	16,818	2,011	9,084	19,263	25,010	24,447
Change	-	44.42%	34.58%	-88.04%	351.72%	112.05%	29.84%	-2.25%
EBIT ¹	3,419	7,667	10,281	-4,819	1,935	12,021	17,405	14,372
Change	-	124.25%	34.09%	-	-	521.22%	44.79%	-17.43%
Interest Paid ¹	-80	-146	-93	80	-33	-42.17	-107.1	-48.96
Earnings before Tax (EBT) ¹	2,983	6,218	9,571	-5,658	1,240	10,742	14,062	13,676
Change	-	108.45%	53.92%	-	-	766.26%	30.91%	-2.75%
Net income ¹	2,687	5,861	8,687	-5,833	778	8,986	12,430	11,879
Change	-	118.12%	48.22%	-	-	1,055.06%	38.32%	-4.43%
Announcement Date	9/29/20	9/28/21	9/29/22	9/27/23	9/25/24	-	-	-

¹USD in Million

Estimates

Fiscal Period: August	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	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	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	5,144	4,797	5,438	6,056	5,773	6,236	7,422	8,274	7,687	7,786	8,642	6,643	4,085	3,693	3,752	4,010	4,726	5,824	6,811	7,750	8,706	9,048	9,759	10,715	11,433	11,440	11,732	12,178
Change	-	-6.75%	13.36%	11.36%	-4.67%	8.02%	19.02%	11.48%	-7.09%	1.29%	10.99%	-23.13%	-38.51%	-9.6%	1.6%	6.88%	17.86%	23.23%	16.95%	13.79%	12.34%	3.92%	7.86%	9.8%	6.7%	0.06%	2.56%	3.8%
EBITDA ¹	1,824	1,795	2,310	2,724	2,353	2,212	3,356	4,576	4,302	4,288	4,825	3,403	1,712	-361	195	465	787	2,115	2,674	3,508	4,172	4,523	5,364	6,602	7,598	7,496	7,146	7,042
Change	-	-1.59%	28.69%	17.92%	-13.62%	-5.99%	51.72%	36.35%	-5.99%	-0.33%	12.52%	-29.47%	-49.69%	-	-	138.46%	69.25%	168.74%	26.43%	31.19%	18.94%	8.39%	18.6%	23.09%	15.09%	-1.34%	-4.67%	-1.46%
EBIT ¹	594	542	981	1,302	973	1,257	2,364	3,073	2,725	2,750	3,144	1,662	-65	-2,077	-1,469	-1,208	-955	204	941	1,745	2,349	2,627	3,249	3,860	4,325	4,438	4,774	5,155
Change	-	-8.75%	81%	32.72%	-25.27%	29.19%	88.07%	29.99%	-11.32%	0.92%	14.33%	-47.14%	-	3,095.38%	-29.27%	-17.77%	-20.94%	-	361.27%	85.44%	34.63%	11.82%	23.66%	18.81%	12.06%	2.61%	7.58%	7.99%
Charge d'intérêts ¹	-3	-12	-28	-37	-38	-32	-38	-38	-35	-43	-24	9	37	30	8	5	-	-21	-14	-5	-9.333	-7.667	-8.333	-10	-12.5	-9	-9	-11
Earnings before Tax (EBT) ¹	561	427	870	1,125	841	635	1,806	2,936	2,521	2,509	2,988	1,553	-176	-2,271	-1,753	-1,458	-1,155	170	715	1,510	2,140	2,466	3,085	4,021	4,091	4,439	4,176	3,988
Change	-	-23.89%	103.75%	29.31%	-25.24%	-24.49%	184.41%	62.57%	-14.13%	-0.48%	19.09%	-48.03%	-	1,190.34%	-22.81%	-16.83%	-20.78%	-	320.59%	111.19%	41.7%	15.25%	25.12%	30.33%	1.74%	8.5%	-5.93%	-4.5%
Net income ¹	491	405	803	988	803	603	1,735	2,720	2,306	2,263	2,626	1,492	-195	-2,312	-1,896	-1,430	-1,234	793	332	887	1,742	1,892	2,276	2,839	3,501	3,457	3,351	3,289
Change	-	-17.52%	98.27%	23.04%	-18.72%	-24.91%	187.73%	56.77%	-15.22%	-1.86%	16.04%	-43.18%	-	1,085.64%	-17.99%	-24.58%	-13.71%	-	-58.13%	167.17%	96.44%	8.6%	20.28%	24.73%	23.32%	-1.27%	-3.04%	-1.87%
Announcement Date	12/18/19	3/25/20	6/29/20	9/29/20	1/7/21	3/31/21	6/30/21	9/28/21	12/20/21	3/29/22	6/30/22	9/29/22	12/21/22	3/28/23	6/28/23	9/27/23	12/20/23	3/20/24	6/26/24	9/25/24	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Micron Technology, Inc.

balance-sheet-analysis-chart MICRON-TECHNOLOGY-INC

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-2,613	-3,688	-4,149	3,736	5,291	1,744	-3,506	-4,838
Change	-	-241.14%	-212.5%	-9.95%	41.62%	-67.04%	-301.03%	-237.99%
Announcement Date	9/29/20	9/28/21	9/29/22	9/27/23	9/25/24	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Micron Technology, Inc.

Fiscal Period: August	2020	2021	2022	2023	2025	2026	2027
CAPEX ¹	8,223	10,030	12,067	7,676	13,465	13,845	12,723
Change	-	21.97%	20.31%	-36.39%	-	2.82%	-8.1%
Free Cash Flow (FCF) ¹	83	2,438	3,114	-6,117	3,185	7,349	5,617
Change	-	2,837.35%	27.73%	-296.44%	-	130.76%	-23.57%
Announcement Date	9/29/20	9/28/21	9/29/22	9/27/23	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Micron Technology, Inc.

Fiscal Period: August	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	40.37%	45.11%	54.68%	12.94%	36.18%	50.43%	54.22%	54.53%
EBIT Margin (%)	15.95%	27.67%	33.43%	-31.01%	7.71%	31.47%	37.73%	32.06%
EBT Margin (%)	13.92%	22.44%	31.12%	-36.41%	4.94%	28.12%	30.49%	30.5%
Net margin (%)	12.54%	21.16%	28.24%	-37.54%	3.1%	23.53%	26.95%	26.5%
FCF margin (%)	0.39%	8.8%	10.12%	-39.36%	-	8.34%	15.93%	12.53%
FCF / Net Income (%)	3.09%	41.6%	35.85%	104.87%	-	35.44%	59.12%	47.28%
Profitability
ROA	6.31%	12.4%	13.88%	-7.45%	-	14.13%	16.47%	-
ROE	8.64%	16.82%	18.51%	-10.34%	-	18.81%	22.24%	15.58%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	1.86x	0.58x	0.09x	-	-
Debt / Free cash flow	-	-	-	-0.61x	-	0.55x	-	-
Capital Intensity
CAPEX / Current Assets (%)	38.36%	36.2%	39.23%	49.4%	-	35.25%	30.02%	28.38%
CAPEX / EBITDA (%)	95.03%	80.26%	71.75%	381.7%	-	69.9%	55.36%	52.04%
CAPEX / FCF (%)	9,907.23%	411.4%	387.51%	-125.49%	-	422.83%	188.41%	226.52%
Items per share
Cash flow per share ¹	7.344	10.93	13.53	1.426	-	14.95	17.74	16.19
Change	-	48.83%	23.79%	-89.46%	-	-	18.63%	-8.72%
Dividend per Share ¹	-	0.1	0.43	0.46	-	0.4696	0.543	0.5456
Change	-	-	330%	6.98%	-	-	15.62%	0.48%
Book Value Per Share ¹	34.48	38.5	44.48	40.37	-	48.3	58.13	61.19
Change	-	11.66%	15.53%	-9.25%	-	-	20.36%	5.27%
EPS ¹	2.37	5.14	7.75	-5.34	0.7	7.93	11.02	10.51
Change	-	116.88%	50.78%	-168.9%	-113.11%	1,032.83%	39.02%	-4.68%
Nbr of stocks (in thousands)	1,110,998	1,125,754	1,103,145	1,095,302	1,108,841	1,108,743	1,108,743	1,108,743
Announcement Date	9/29/20	9/28/21	9/29/22	9/27/23	9/25/24	-	-	-