About Micron Technology, Inc.
Micron Technology, Inc. designs, develops, manufactures, and sells memory and storage products in the United States, Taiwan, Japan, Mainland China, Hong Kong, Europe, and internationally. It operates through the Cloud Memory Business Unit; Core Data Center Business Unit; Mobile and Client Business Unit; and Automotive and Embedded Business Unit segments. The company provides memory products, including dynamic random access memory components and modules, CXL-based memory, LPDDR components and modules, graphics memory, high-bandwidth memory, and data center memory products; multichip packages (MCP) comprising embedded multimedia card-based, universal flash storage-based, and NAND-based MCPs; and technology leadership products that include 1y DRAM and G9 NAND technologies. It also offers storage products, such as data center solid-state drives (SSD), client SSD storage, and auto and industrial SSD storage; managed NAND; NAND flash; NOR flash; and memory cards. In addition, the company provides design tools, including FBGA and part decoders; DRAM power calculators; NAND power calculators; simulation models; chipset compatibility guides; serial presence-detection tools; cross-reference tools; UFSparm; SSD firmware; software and drivers; storage executive software; and obsolete part catalogs. It markets its semiconductor memory and storage products under the Micron and Crucial brands. The company serves the data center, PC, graphics, networking, automotive, industrial, and consumer embedded markets, as well as the smartphone and other mobile-device markets. It sells its products through its direct sales force, independent sales representatives, distributors, and retailers; web-based customer direct sales channel; and channel and distribution partners. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.
Micron Technology, Inc. (MU) is a Technology company in the Semiconductors industry with a market capitalisation of $1.1T. The stock trades at 22.02x trailing earnings and yields 0.05%.
- Sector
- Technology
- Industry
- Semiconductors
- Market cap
- $1.1T
- P/E ratio
- 22.02
- Forward P/E
- 6.25
- EPS (TTM)
- $44.28
- Revenue (TTM)
- $90.3B
- Free cash flow
- $7.6B
- Profit margin
- 55.9%
- Dividend yield
- 0.05%
- Beta
- 2.22
- Shares outstanding
- 1.1B
Financial health: Strong10/10
11 strengths, 0 concerns. No red flags against these benchmarks.
- Debt to equity: 0.21 (Strong, benchmark < 0.5) — Debt of 0.21x equity is conservative against the 0.5x benchmark. It has deteriorated over the last 4 years.
- Net debt vs cash flow: 0.7y (Strong, benchmark < 4 years) — Net debt of $1.2B is 0.7x annual free cash flow — under a year of cash flow to repay.
- Current ratio: 2.52 (Strong, benchmark > 1.5) — Short-term assets cover 2.52x short-term liabilities, against Graham's 1.5x floor. It has deteriorated over the last 4 years.
- Return on equity: 66.6% (Strong, benchmark > 15%) — Earns 66.6% on shareholder equity, comfortably past the > 15% mark.
- Gross margin: 72.6% (Strong, benchmark > 40%) — Keeps 72.6% of revenue after the direct cost of sales, comfortably past the > 40% mark.
- Net margin: 55.9% (Strong, benchmark > 10%) — Turns 55.9% of revenue into profit, comfortably past the > 10% mark.
- Free cash flow: $1.7B (Strong, benchmark positive) — Generated $1.7B of free cash flow after capital spending. It has deteriorated over the last 4 years.
- Revenue growth: 345.7% (Strong, benchmark > 10%) — Revenue changed 345.7% year on year, comfortably past the > 10% mark.
- Earnings growth: 1368.5% (Strong, benchmark > 10%) — Earnings changed 1368.5% year on year, comfortably past the > 10% mark.
- PEG ratio: 0.14 (Strong, benchmark < 1) — At 0.14, the price looks cheap relative to expected growth — Lynch treated 1.0 as fair value.
- Payout ratio: 1.1% (Strong, benchmark < 60%) — Pays out 1.1% of earnings as dividends, leaving room to keep paying.