(MU) Micron Technology - Ratings and Ratios
DRAM, NAND, SSD, MCP, HBM
Dividends
| Dividend Yield | 0.19% |
| Yield on Cost 5y | 0.66% |
| Yield CAGR 5y | 32.00% |
| Payout Consistency | 25.9% |
| Payout Ratio | 5.6% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 65.9% |
| Value at Risk 5%th | 105% |
| Relative Tail Risk | -3.15% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 1.61 |
| Alpha | 120.45 |
| CAGR/Max DD | 1.19 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.573 |
| Beta | 2.160 |
| Beta Downside | 2.639 |
| Drawdowns 3y | |
|---|---|
| Max DD | 57.63% |
| Mean DD | 16.38% |
| Median DD | 10.26% |
Description: MU Micron Technology December 01, 2025
Micron Technology (NASDAQ: MU) designs, manufactures, and sells a broad portfolio of memory and storage solutions-including DRAM, LPDDR, CXL-based memory, high-bandwidth memory, NAND flash, SSDs, and embedded multichip packages-through four business units: Cloud Memory (CMBU), Core Data Center (CDCBU), Mobile & Client (MCBU), and Automotive & Embedded (AEBU). The company serves data-center, PC, graphics, networking, automotive, industrial, and mobile markets under the Micron and Crucial brands, distributing products via direct sales, distributors, retailers, and online channels.
Key recent metrics: FY 2023 revenue reached $31.5 billion, with DRAM accounting for roughly 55 % of sales and NAND for 40 % (the remainder from specialty embedded products). Micron’s DRAM average selling price (ASP) fell to $5.30 per GB in Q3 2024, reflecting a cyclical inventory correction, while its NAND ASP held near $0.45 per GB due to sustained AI-driven demand for high-capacity storage. The company’s capacity utilization in 2024 is estimated at ≈ 85 % across its fab sites, a level that supports margin expansion if demand rebounds. Macro drivers include the acceleration of AI workloads in hyperscale data centers (boosting demand for high-bandwidth memory), a gradual recovery in smartphone shipments, and tightening semiconductor supply chains that can create short-term pricing power for memory manufacturers.
For a data-driven deep-dive into Micron’s valuation dynamics and scenario analysis, you might find ValueRay’s interactive model a useful next step.
Piotroski VR‑10 (Strict, 0-10) 8.0
| Net Income (8.54b TTM) > 0 and > 6% of Revenue (6% = 2.24b TTM) |
| FCFTA 0.11 (>2.0%) and ΔFCFTA 10.61pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 46.52% (prev 60.23%; Δ -13.71pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.21 (>3.0%) and CFO 17.52b > Net Income 8.54b (YES >=105%, WARN >=100%) |
| Net Debt (5.64b) to EBITDA (18.30b) ratio: 0.31 <= 3.0 (WARN <= 3.5) |
| Current Ratio 2.52 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (1.12b) change vs 12m ago 0.0% (target <= -2.0% for YES) |
| Gross Margin 39.79% (prev 22.35%; Δ 17.44pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 49.11% (prev 36.17%; Δ 12.94pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 20.85 (EBITDA TTM 18.30b / Interest Expense TTM 477.0m) >= 6 (WARN >= 3) |
Altman Z'' 5.95
| (A) 0.21 = (Total Current Assets 28.84b - Total Current Liabilities 11.45b) / Total Assets 82.80b |
| (B) 0.59 = Retained Earnings (Balance) 48.58b / Total Assets 82.80b |
| (C) 0.13 = EBIT TTM 9.94b / Avg Total Assets 76.11b |
| (D) 1.70 = Book Value of Equity 48.68b / Total Liabilities 28.63b |
| Total Rating: 5.95 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 71.87
| 1. Piotroski 8.0pt |
| 2. FCF Yield 3.43% |
| 3. FCF Margin 23.89% |
| 4. Debt/Equity 0.28 |
| 5. Debt/Ebitda 0.31 |
| 6. ROIC - WACC (= 0.97)% |
| 7. RoE 17.05% |
| 8. Rev. Trend 36.23% |
| 9. EPS Trend 18.82% |
What is the price of MU shares?
Over the past week, the price has changed by +1.65%, over one month by -1.54%, over three months by +53.46% and over the past year by +146.49%.
Is MU a buy, sell or hold?
- Strong Buy: 25
- Buy: 6
- Hold: 5
- Sell: 1
- Strong Sell: 0
What are the forecasts/targets for the MU price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 224.1 | -7.1% |
| Analysts Target Price | 224.1 | -7.1% |
| ValueRay Target Price | 335.3 | 39% |
MU Fundamental Data Overview December 06, 2025
P/E Trailing = 29.8617
P/E Forward = 14.7059
P/S = 6.8238
P/B = 4.865
P/EG = 0.2088
Beta = 1.548
Revenue TTM = 37.38b USD
EBIT TTM = 9.94b USD
EBITDA TTM = 18.30b USD
Long Term Debt = 11.53b USD (from longTermDebt, last quarter)
Short Term Debt = 634.0m USD (from shortTermDebt, last quarter)
Debt = 15.28b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 5.64b USD (from netDebt column, last quarter)
Enterprise Value = 260.03b USD (255.06b + Debt 15.28b - CCE 10.31b)
Interest Coverage Ratio = 20.85 (Ebit TTM 9.94b / Interest Expense TTM 477.0m)
FCF Yield = 3.43% (FCF TTM 8.93b / Enterprise Value 260.03b)
FCF Margin = 23.89% (FCF TTM 8.93b / Revenue TTM 37.38b)
Net Margin = 22.84% (Net Income TTM 8.54b / Revenue TTM 37.38b)
Gross Margin = 39.79% ((Revenue TTM 37.38b - Cost of Revenue TTM 22.50b) / Revenue TTM)
Gross Margin QoQ = 44.67% (prev 37.72%)
Tobins Q-Ratio = 3.14 (Enterprise Value 260.03b / Total Assets 82.80b)
Interest Expense / Debt = 0.81% (Interest Expense 124.0m / Debt 15.28b)
Taxrate = 11.80% (429.0m / 3.64b)
NOPAT = 8.77b (EBIT 9.94b * (1 - 11.80%))
Current Ratio = 2.52 (Total Current Assets 28.84b / Total Current Liabilities 11.45b)
Debt / Equity = 0.28 (Debt 15.28b / totalStockholderEquity, last quarter 54.16b)
Debt / EBITDA = 0.31 (Net Debt 5.64b / EBITDA 18.30b)
Debt / FCF = 0.63 (Net Debt 5.64b / FCF TTM 8.93b)
Total Stockholder Equity = 50.09b (last 4 quarters mean from totalStockholderEquity)
RoA = 10.31% (Net Income 8.54b / Total Assets 82.80b)
RoE = 17.05% (Net Income TTM 8.54b / Total Stockholder Equity 50.09b)
RoCE = 16.14% (EBIT 9.94b / Capital Employed (Equity 50.09b + L.T.Debt 11.53b))
RoIC = 14.20% (NOPAT 8.77b / Invested Capital 61.79b)
WACC = 13.22% (E(255.06b)/V(270.34b) * Re(13.97%) + D(15.28b)/V(270.34b) * Rd(0.81%) * (1-Tc(0.12)))
Discount Rate = 13.97% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.13%
[DCF Debug] Terminal Value 48.85% ; FCFE base≈5.41b ; Y1≈3.55b ; Y5≈1.62b
Fair Price DCF = 14.42 (DCF Value 16.22b / Shares Outstanding 1.13b; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 18.82 | EPS CAGR: -17.33% | SUE: -4.0 | # QB: 0
Revenue Correlation: 36.23 | Revenue CAGR: 10.86% | SUE: 0.53 | # QB: 0
EPS next Quarter (2026-02-28): EPS=4.12 | Chg30d=+0.134 | Revisions Net=+5 | Analysts=25
EPS current Year (2026-08-31): EPS=17.05 | Chg30d=+0.338 | Revisions Net=+6 | Growth EPS=+105.6% | Growth Revenue=+48.0%
EPS next Year (2027-08-31): EPS=19.89 | Chg30d=+1.101 | Revisions Net=+5 | Growth EPS=+16.7% | Growth Revenue=+15.9%
Additional Sources for MU Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle