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Also traded in: Germany, Mexico, Switzerland

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.44
MU's Cash to Debt is ranked lower than
73% of the 862 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.57 vs. MU: 0.44 )
Ranked among companies with meaningful Cash to Debt only.
MU' s Cash to Debt Range Over the Past 10 Years
Min: 0.44  Med: 0.92 Max: 5.39
Current: 0.44
0.44
5.39
Equity to Asset 0.44
MU's Equity to Asset is ranked lower than
74% of the 858 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.62 vs. MU: 0.44 )
Ranked among companies with meaningful Equity to Asset only.
MU' s Equity to Asset Range Over the Past 10 Years
Min: 0.43  Med: 0.57 Max: 0.85
Current: 0.44
0.43
0.85
Interest Coverage 0.38
MU's Interest Coverage is ranked lower than
99% of the 656 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 55.25 vs. MU: 0.38 )
Ranked among companies with meaningful Interest Coverage only.
MU' s Interest Coverage Range Over the Past 10 Years
Min: 0.38  Med: 7.11 Max: 8.93
Current: 0.38
0.38
8.93
F-Score: 3
Z-Score: 1.70
M-Score: -3.15
WACC vs ROIC
13.40%
0.98%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry
vs
history
Operating margin (%) 1.35
MU's Operating margin (%) is ranked lower than
63% of the 859 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.15 vs. MU: 1.35 )
Ranked among companies with meaningful Operating margin (%) only.
MU' s Operating margin (%) Range Over the Past 10 Years
Min: -34.89  Med: 1.98 Max: 18.87
Current: 1.35
-34.89
18.87
Net-margin (%) -2.23
MU's Net-margin (%) is ranked lower than
70% of the 858 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.69 vs. MU: -2.23 )
Ranked among companies with meaningful Net-margin (%) only.
MU' s Net-margin (%) Range Over the Past 10 Years
Min: -39.18  Med: -0.17 Max: 21.81
Current: -2.23
-39.18
21.81
ROE (%) -2.26
MU's ROE (%) is ranked lower than
70% of the 843 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 3.90 vs. MU: -2.26 )
Ranked among companies with meaningful ROE (%) only.
MU' s ROE (%) Range Over the Past 10 Years
Min: -33.82  Med: -0.12 Max: 30.6
Current: -2.26
-33.82
30.6
ROA (%) -1.08
MU's ROA (%) is ranked lower than
68% of the 866 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.00 vs. MU: -1.08 )
Ranked among companies with meaningful ROA (%) only.
MU' s ROA (%) Range Over the Past 10 Years
Min: -15.12  Med: 0.03 Max: 14.66
Current: -1.08
-15.12
14.66
ROC (Joel Greenblatt) (%) 1.13
MU's ROC (Joel Greenblatt) (%) is ranked lower than
64% of the 865 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 7.28 vs. MU: 1.13 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
MU' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: -19.21  Med: 4.54 Max: 27.9
Current: 1.13
-19.21
27.9
Revenue Growth (3Y)(%) 11.70
MU's Revenue Growth (3Y)(%) is ranked higher than
78% of the 737 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.90 vs. MU: 11.70 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
MU' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -21.5  Med: 3.2 Max: 20.5
Current: 11.7
-21.5
20.5
EBITDA Growth (3Y)(%) -1.20
MU's EBITDA Growth (3Y)(%) is ranked lower than
58% of the 542 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 3.50 vs. MU: -1.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
MU' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -76.3  Med: 16.2 Max: 216
Current: -1.2
-76.3
216
» MU's 10-Y Financials

Financials (Next Earnings Date: 2016-12-21)


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow
Oprt. Cash Flow & Net Income

» Details

Guru Trades

Q4 2015

MU Guru Trades in Q4 2015

Steven Cohen 542,600 sh (New)
Paul Tudor Jones 26,442 sh (New)
Jerome Dodson 2,000,000 sh (New)
Lee Ainslie 101,840 sh (+17.21%)
PRIMECAP Management 51,181,144 sh (+16.22%)
Seth Klarman 1,000,000 sh (unchged)
David Dreman Sold Out
David Einhorn Sold Out
Joel Greenblatt Sold Out
Donald Smith 14,122,146 sh (-0.32%)
Pioneer Investments 1,608,770 sh (-19.19%)
Ray Dalio 414,949 sh (-56.54%)
» More
Q1 2016

MU Guru Trades in Q1 2016

Richard Snow 372,600 sh (New)
Chris Davis 19,300 sh (New)
Jim Simons 231,900 sh (New)
Ray Dalio 2,256,761 sh (+443.86%)
Pioneer Investments 2,312,376 sh (+43.74%)
Jerome Dodson 2,250,400 sh (+12.52%)
PRIMECAP Management 57,143,016 sh (+11.65%)
Donald Smith 14,620,639 sh (+3.53%)
Seth Klarman Sold Out
Lee Ainslie Sold Out
Paul Tudor Jones Sold Out
Steven Cohen Sold Out
» More
Q2 2016

MU Guru Trades in Q2 2016

First Eagle Investment 205,000 sh (New)
RS Investment Management 95,780 sh (New)
Caxton Associates 308,600 sh (New)
John Burbank 39,124 sh (New)
Paul Tudor Jones 172,272 sh (New)
Steven Cohen 332,783 sh (New)
Jim Simons 3,982,800 sh (+1617.46%)
Chris Davis 32,055 sh (+66.09%)
Richard Snow 587,710 sh (+57.73%)
Pioneer Investments 2,761,757 sh (+19.43%)
Donald Smith 15,249,832 sh (+4.30%)
PRIMECAP Management 59,025,600 sh (+3.29%)
Jerome Dodson 2,300,000 sh (+2.20%)
Paul Singer 3,500,000 sh (unchged)
Ray Dalio Sold Out
» More
Q3 2016

MU Guru Trades in Q3 2016

Ken Heebner 3,560,000 sh (New)
Stanley Druckenmiller 927,200 sh (New)
NWQ Managers 12,636 sh (New)
Steven Cohen 2,829,900 sh (+750.37%)
Pioneer Investments 3,133,067 sh (+13.44%)
PRIMECAP Management 62,133,100 sh (+5.26%)
Jerome Dodson 2,300,000 sh (unchged)
First Eagle Investment 205,000 sh (unchged)
Chris Davis 32,055 sh (unchged)
Louis Moore Bacon 200,000 sh (unchged)
Paul Singer 4,060,000 sh (unchged)
John Burbank Sold Out
Donald Smith 15,248,006 sh (-0.01%)
Caxton Associates 228,200 sh (-26.05%)
Paul Tudor Jones 99,910 sh (-42.00%)
Richard Snow 121,050 sh (-79.40%)
Jim Simons 52,300 sh (-98.69%)
» More
» Details

Insider Trades

Latest Guru Trades with MU

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Business Description

Industry: Semiconductors » Semiconductor Memory
Compare:NAS:RMBS, NAS:NLST, NAS:IOTS » details
Traded in other countries:MTE.Germany, MU.Mexico, MU.Switzerland,
Micron Technology Inc and its subsidiaries manufactures semiconductor systems. The Company's products include DRAM, NAND Flash, and NOR Flash, is the basis for solid-state drives, modules, multi-chip packages, and other system solutions.

Micron Technology Inc was incorporated in October 1978. The Company manufactures and markets a range of DRAM, NAND Flash and NOR Flash memory, as well as other memory technologies, packaging solutions and semiconductor systems for use in computing, consumer, networking, automotive, industrial, embedded and mobile products. It markets its products through its internal sales force, independent sales representatives and distributors to Original Equipment Manufacturers and retailers located around the world. The Company's segments include Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit and Embedded Business Unit. CNBU includes DRAM and NOR Flash products sold to the compute, networking, graphics and cloud server markets. MBU includes DRAM, NAND Flash and NOR Flash products sold to the smartphone, feature phone and tablet mobile-device market. SBU includes NAND Flash components and SSDs sold into enterprise and client storage, cloud and removable storage markets. SBU also includes NAND Flash products sold to Intel. EBU includes DRAM, NAND Flash and NOR Flash products sold into automotive and industrial applications, as well as the connected home and consumer electronics markets. Its manufacturing facilities are located in the United States, China, Japan, Malaysia, Puerto Rico, Singapore and Taiwan. It sells semiconductor products in both packaged and unpackaged forms. Its packaged products include memory modules, SSDs, MCPs, managed NAND, memory cards and USB devices. The semiconductor memory products are offered under the Micron, Lexar, Crucial, SpecTek, JumpDrive and Elpida brand names and private labels. The Company faces intense competition in the semiconductor memory market from a number of companies, including Intel; Samsung Electronics Co., Ltd.; SK Hynix Inc.; Toshiba Corporation; and Western Digital Corporation.

Guru Investment Theses on Micron Technology Inc

Jerome Dodson Comments on Micron Technology - Nov 01, 2016

Micron Technology (NASDAQ:MU) was the Fund’s best performer for the second consecutive quarter, adding 119 basis points to the Fund’s return, as its stock soared 29.2% from $13.76 to $17.78. Micron makes semiconductor memory chips, and its stock climbed higher as prices for dynamic random access memory (also known as DRAM) continued to rise, spurred by a recovery in demand for personal computers and strong smartphone growth. Since production capacity is growing at a slower rate than demand, we think DRAM prices have further to run, so we’re holding onto the stock.



From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund third-quarter 2016 commentary.

Check out Jerome Dodson latest stock trades

Jerome Dodson Comments on Micron Technology - Jul 26, 2016

Our biggest winner was Micron Technology (NASDAQ:MU), which boosted the Fund’s return by 101 basis points, as its stock rose 31.4% from $10.47 to $13.76. Micron makes semiconductor memory chips, and its stock jumped as prices for dynamic random access memory (also known as DRAM) increased in June for the first time in two years. Just last quarter, Micron was our biggest loser, as DRAM prices continued their fall and investors fretted that there was no end in sight. Since production capacity is growing at a slower rate than demand, we were confident DRAM prices would eventually stabilize, but we didn’t know precisely when. While we were early with our initial investment, we added to our position on the weakness, and we’re happy our conviction is beginning to pay off. We expect demand growth to continue as computing becomes even more integral to the global economy, which should push Micron’s earnings, and its stock, higher.


From Jerome Dodson (Trades, Portfolio)'s Parnassus Fund second quarter 2016 commentary.

Check out Jerome Dodson latest stock trades

Parnassus Fund Comments on Micron Technology - May 09, 2016

Micron Technology (NASDAQ:MU) was our worst performer, as its stock fell 26.1% from $14.16 to $10.47 and reduced the return by 114 basis points. Micron makes semiconductor memory chips, and its stock fell after weaker-than-expected demand for personal computers caused memory chip prices—and Micron’s earnings—to decline. This issue has been affecting the company for over a year now, and the stock has fallen dramatically from its peak of $36.49 in December of 2014. We don’t know precisely when memory chip prices will stabilize, but we’re confident they eventually will. Memory chips benefit from the long-term trends of increasing smartphone penetration in emerging markets; the proliferation of Internet-connected devices, such as watches, cars and industrial machines; and the rapid growth of data centers. Micron is now trading below its book value of $11.80, and we took advantage of the deeply discounted price to add to our position.



From the Parnassus Fund first quarter 2016 shareholder letter.



Check out Jerome Dodson latest stock trades

David Einhorn Comments on Micron Technology - Jan 19, 2016

MU (NASDAQ:MU) was our biggest winner in 2014 and our biggest loser in 2015. We have written a lotabout it and have exited the position. When all the dust settled, our average purchase was at$19.93 and our average sale was at $22.14, generating an IRR of 14%. The coulda-woulda-shoulda perspective that this was a disaster is belied by the overall decent return we made onthe investment.

From David Einhorn (Trades, Portfolio)'s Green Light Capital fourth quarter 2015 shareholder letter.

Check out David Einhorn latest stock trades

David Einhorn Comments on Micron Technology - Nov 19, 2015

Micron Technology (NASDAQ:MU) was our biggest winner in 2014. Unfortunately, we overstayed our welcome and gave back much of those gains this year. The shares peaked at over $36 last December before collapsing to $14.98 on Sept. 30. Our thesis has been that Micron Technology’s primary product, DRAM, has consolidated to three players, who are likely to create more industry profits compared to when DRAM production was highly fragmented.

The problem is that structural industry improvement doesn’t make DRAM less cyclical. The large capital requirements force participants to make large investments in anticipation of future demand. If the industry overestimates demand, it still makes sense to operate at full capacity and oversupply ensues. This year, demand came up short, DRAM prices collapsed, and despite our concerns about PC demand, we missed the turn of the cycle. Those PC demand worries led us to sell LAM Research and Marvell Technology at good prices prior to a sell-off in each security and we shorted (and subsequently covered) Best Buy (NYSE:BBY), IBM (NYSE:IBM) and Intel (NASDAQ:INTC). Although all of these moves helped, we underestimated the extent of Micron Technology’s exposure to the PC demand shortfall.

Micron Technology’s other business is flash memory or NAND. We anticipated a significant recovery in NAND this year that failed to materialize. Micron Technology is set to earn far less than we expected, and earnings will remain low until supply and demand come into balance.

Two other problems with our thesis have emerged. First, the Chinese have expressed interest in getting into DRAM. Our prior view was that the consolidated industry would not face new entrants. While the Chinese threat is distant, we judge it relevant. Second, Micron Technology announced a much more aggressive capital spending plan for NAND than we envisioned. While management believes that the extra investment will generate adequate returns, we are unconvinced. With separate problems clouding both the short term and long term, we determined that there is enough risk to the thesis to reduce the position. The three large problem positions tell only a part of the portfolio story. The trouble started toward the end of the second quarter. In early June we were up a little for the year, which wasn’t exciting, but we were about even with the market. We had noted it was hard to find things to buy. Then, between June 4 and Aug. 18, we lost more than 14% (41 losing days and 13 winning days) in a flat market. It was a period when cheap stocks got cheaper and expensive stocks became ever dearer.

Notably, we suffered most of our losses prior to the market decline that commenced in late August. As the market fell, our portfolio performed only slightly worse than we would have expected. Our shorts fell almost as much as our longs and we lost only a little more than our net exposure during the correction.

The following table provides additional detail of what happened starting on June 4:

As both the environment and our performance have been challenging, we decided to try to swing a little less hard so we reduced our gross exposure by about 30 points during the quarter. At the same time, we decided not to give up on promising investments. We looked at the entire portfolio and added, held, trimmed or exited depending on the strength of our thesis in conjunction with changing market prices. With the market and our long book cheaper, we decided to modestly increase our net long exposure with most of the change coming from short covering.

In addition to reunderwriting the existing portfolio, we also found two medium-sized new long ideas.





From David Einhorn (Trades, Portfolio)'s third quarter 2015 Greenlight Capital shareholder commentary.

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David Einhorn Continues to Add Micron Technology to His Position - Should You? - Sep 16, 2015

Let's take a look at Micron Technology Inc. (NASDAQ:MU), a $27.18 billion market cap company, which provides semiconductor solutions worldwide. The stock delivers a negative return of more than 52% on a year-to-date basis. This crash is alarming for me, but it seems that some hedge fund managers take the opposite direction. Perhaps the reason behind this bullish sentiment is the fact that the stock has outperformed the market in 2013 and 2014.





Bullish sentiment



The two largest investors as of the end of the second quarter of 2015 were David Einhorn (Trades, Portfolio)´s Greenlight Capital and Seth Klarman (Trades, Portfolio)´s Baupost Group.



Although the stock plummeted 30.5% in the second quarter, Einhorn has increased the stake by 14% in the quarter to 37.95 million shares, the value of the stake amounts to $714.97 million.



The second largest shareholder of the company is Seth Klarman (Trades, Portfolio), who maintains his position intact, with 19.7 million shares, valued at $371.26 billion, held as of the end of the Q2 2015.



DRAM market



Micron is a commodity producer of DRAM, but it is transforming into a producer of more high-end products. Despite this, the firm should benefit from a higher demand in mobile DRAM. Although, we believe in mobile DRAM opportunities for the future, the company´s earnings volatility is still high. But according to its valuation metrics, the stock is undervalued. It sells at a trailing P/E of 5.5x, trading at a discount compared to an average of 17.5x for the industry. To use another metric, its price-to-book ratio of 1.43x indicates a discount versus the industry average of 1.45x while the price-to-sales ratio of 1.17x is below the industry average of 1.31x. We must mention that the forward P/E is higher than trailing P/E, which means that the earnings are in decline.



Earnings volatility



Looking at profitability, revenues decreased by 3.24% and led earnings per share declined by 38% in the second quarter compared to the same quarter a year ago (42 cents vs. 68 cents). During the past fiscal year, the company increased its bottom line. It earned $2.55 versus $1.00 in the previous year. This year, Wall Street expects an improvement in earnings ($2.67 versus $2.55).



Final comment



We still believe the company has revenue growth potential using the correct technology while reducing the cost per bit. At current levels, Micron seems to be a nice bet, but the company faces the risk of lower-than-expected sales of computers or the incapacity of making the cost reductions.



Disclosure: Omar Venerio holds no position in any stocks mentioned



Check out David Einhorn,Seth Klarman, latest stock trades

Top Ranked Articles about Micron Technology Inc

Ken Heebner Cuts Lennar, Buys Western Digital, Micron An overview of the guru's largest trades in the 3rd quarter
Ken Heebner (Trades, Portfolio) is the co-founder of Capital Growth Management, a money manager with more than $6 billion under management. During the third quarter the guru’s largest trades were as follows: Read more...
Jerome Dodson Comments on Micron Technology Guru stock highlight
Micron Technology (NASDAQ:MU) was the Fund’s best performer for the second consecutive quarter, adding 119 basis points to the Fund’s return, as its stock soared 29.2% from $13.76 to $17.78. Micron makes semiconductor memory chips, and its stock climbed higher as prices for dynamic random access memory (also known as DRAM) continued to rise, spurred by a recovery in demand for personal computers and strong smartphone growth. Since production capacity is growing at a slower rate than demand, we think DRAM prices have further to run, so we’re holding onto the stock. Read more...
Jerome Dodson's Best Investments eBay, Micron Technology his largest gains
Jerome L. Dodson is the founder and president of Parnassus Investments. He manages a portfolio composed of 37stocks with total value of $684 million. During the second quarter of 2016, the guru increased several stakes. The following are the ones with the highest performance since that buy. Read more...
Jerome Dodson Comments on Micron Technology Guru stock highlight
Our biggest winner was Micron Technology (NASDAQ:MU), which boosted the Fund’s return by 101 basis points, as its stock rose 31.4% from $10.47 to $13.76. Micron makes semiconductor memory chips, and its stock jumped as prices for dynamic random access memory (also known as DRAM) increased in June for the first time in two years. Just last quarter, Micron was our biggest loser, as DRAM prices continued their fall and investors fretted that there was no end in sight. Since production capacity is growing at a slower rate than demand, we were confident DRAM prices would eventually stabilize, but we didn’t know precisely when. While we were early with our initial investment, we added to our position on the weakness, and we’re happy our conviction is beginning to pay off. We expect demand growth to continue as computing becomes even more integral to the global economy, which should push Micron’s earnings, and its stock, higher.
Read more...
Donald Smith Adds to Stake in Micron Technology Company is trading below Peter Lynch earnings line
During the first quarter, guru Donald Smith (Trades, Portfolio) added to his stake in Micron Technology Inc. (NASDAQ:MU). Read more...
Parnassus Fund Comments on Micron Technology Guru stock highlight
Micron Technology (NASDAQ:MU) was our worst performer, as its stock fell 26.1% from $14.16 to $10.47 and reduced the return by 114 basis points. Micron makes semiconductor memory chips, and its stock fell after weaker-than-expected demand for personal computers caused memory chip prices—and Micron’s earnings—to decline. This issue has been affecting the company for over a year now, and the stock has fallen dramatically from its peak of $36.49 in December of 2014. We don’t know precisely when memory chip prices will stabilize, but we’re confident they eventually will. Memory chips benefit from the long-term trends of increasing smartphone penetration in emerging markets; the proliferation of Internet-connected devices, such as watches, cars and industrial machines; and the rapid growth of data centers. Micron is now trading below its book value of $11.80, and we took advantage of the deeply discounted price to add to our position. Read more...
Primecap Management Adds to Stake in Micron Technology Micron is currently at a 2-year price low
PRIMECAP Management added 4,477,472 shares to its stake in Micron Technology Inc. (NASDAQ:MU) in the first quarter Read more...
David Einhorn Sells Apple, Micron Technology Greenlight Capital investor trims several holdings
David Einhorn (Trades, Portfolio) is president of Greenlight Capital, a value-oriented investment advisor. He sold many stocks during the fourth quarter and the following are the sales with the highest impact on his portfolio. Read more...
Greenblatt Sells Stake in Twenty-First Century Fox Guru invests in Polaris Industries and Owens-Corning in 4th quarter
Joel Greenblatt (Trades, Portfolio), founder and managing partner of Gotham Asset Management, acquired more than 200 new stakes in the fourth quarter, but it was his divestiture in Twenty-First Century Fox Inc. (NASDAQ:FOXA) that got the most attention. Read more...
David Einhorn Comments on Micron Technology Guru stock highlight
MU (NASDAQ:MU) was our biggest winner in 2014 and our biggest loser in 2015. We have written a lotabout it and have exited the position. When all the dust settled, our average purchase was at$19.93 and our average sale was at $22.14, generating an IRR of 14%. The coulda-woulda-shoulda perspective that this was a disaster is belied by the overall decent return we made onthe investment. Read more...

Ratios

vs
industry
vs
history
Forward P/E 20.92
MU's Forward P/E is ranked lower than
67% of the 97 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 17.86 vs. MU: 20.92 )
Ranked among companies with meaningful Forward P/E only.
N/A
P/B 1.71
MU's P/B is ranked lower than
53% of the 838 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.60 vs. MU: 1.71 )
Ranked among companies with meaningful P/B only.
MU' s P/B Range Over the Past 10 Years
Min: 0.26  Med: 1.17 Max: 3.63
Current: 1.71
0.26
3.63
P/S 1.60
MU's P/S is ranked lower than
53% of the 846 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.42 vs. MU: 1.60 )
Ranked among companies with meaningful P/S only.
MU' s P/S Range Over the Past 10 Years
Min: 0.25  Med: 1.23 Max: 2.63
Current: 1.6
0.25
2.63
POCF 6.31
MU's POCF is ranked higher than
73% of the 502 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 10.88 vs. MU: 6.31 )
Ranked among companies with meaningful POCF only.
MU' s POCF Range Over the Past 10 Years
Min: 1.31  Med: 5.06 Max: 10.63
Current: 6.31
1.31
10.63
EV-to-EBIT 167.08
MU's EV-to-EBIT is ranked lower than
96% of the 568 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 16.57 vs. MU: 167.08 )
Ranked among companies with meaningful EV-to-EBIT only.
MU' s EV-to-EBIT Range Over the Past 10 Years
Min: -256.6  Med: 8.1 Max: 174.5
Current: 167.08
-256.6
174.5
EV-to-EBITDA 8.33
MU's EV-to-EBITDA is ranked higher than
67% of the 629 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 11.57 vs. MU: 8.33 )
Ranked among companies with meaningful EV-to-EBITDA only.
MU' s EV-to-EBITDA Range Over the Past 10 Years
Min: 2  Med: 6.1 Max: 45.5
Current: 8.33
2
45.5
Shiller P/E 119.07
MU's Shiller P/E is ranked lower than
85% of the 100 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 40.58 vs. MU: 119.07 )
Ranked among companies with meaningful Shiller P/E only.
MU' s Shiller P/E Range Over the Past 10 Years
Min: 42.42  Med: 103.19 Max: 848.5
Current: 119.07
42.42
848.5
Current Ratio 1.96
MU's Current Ratio is ranked lower than
59% of the 863 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.34 vs. MU: 1.96 )
Ranked among companies with meaningful Current Ratio only.
MU' s Current Ratio Range Over the Past 10 Years
Min: 1.77  Med: 2.47 Max: 4.57
Current: 1.96
1.77
4.57
Quick Ratio 1.37
MU's Quick Ratio is ranked lower than
62% of the 862 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.79 vs. MU: 1.37 )
Ranked among companies with meaningful Quick Ratio only.
MU' s Quick Ratio Range Over the Past 10 Years
Min: 1.25  Med: 1.73 Max: 3.85
Current: 1.37
1.25
3.85
Days Inventory 97.33
MU's Days Inventory is ranked lower than
62% of the 826 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 78.21 vs. MU: 97.33 )
Ranked among companies with meaningful Days Inventory only.
MU' s Days Inventory Range Over the Past 10 Years
Min: 79.29  Med: 91.92 Max: 112.67
Current: 97.33
79.29
112.67
Days Sales Outstanding 51.96
MU's Days Sales Outstanding is ranked higher than
63% of the 782 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 63.29 vs. MU: 51.96 )
Ranked among companies with meaningful Days Sales Outstanding only.
MU' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.36  Med: 52.62 Max: 83.23
Current: 51.96
41.36
83.23
Days Payable 43.75
MU's Days Payable is ranked lower than
58% of the 756 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 50.75 vs. MU: 43.75 )
Ranked among companies with meaningful Days Payable only.
MU' s Days Payable Range Over the Past 10 Years
Min: 33.29  Med: 41.09 Max: 67.77
Current: 43.75
33.29
67.77

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio 0.20
MU's 3-Year Average Share Buyback Ratio is ranked higher than
80% of the 600 Companies
in the Global Semiconductor Memory industry.

( Industry Median: -2.70 vs. MU: 0.20 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
MU' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -11.9  Med: -5 Max: 0.2
Current: 0.2
-11.9
0.2

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.75
MU's Price/Tangible Book is ranked lower than
51% of the 808 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.73 vs. MU: 1.75 )
Ranked among companies with meaningful Price/Tangible Book only.
MU' s Price/Tangible Book Range Over the Past 10 Years
Min: 0.56  Med: 1.56 Max: 7.2
Current: 1.75
0.56
7.2
Price/Projected FCF 1.36
MU's Price/Projected FCF is ranked lower than
53% of the 479 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.31 vs. MU: 1.36 )
Ranked among companies with meaningful Price/Projected FCF only.
MU' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.73  Med: 2.12 Max: 13.47
Current: 1.36
0.73
13.47
Price/Median PS Value 1.29
MU's Price/Median PS Value is ranked lower than
67% of the 746 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.05 vs. MU: 1.29 )
Ranked among companies with meaningful Price/Median PS Value only.
MU' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.46  Med: 1.31 Max: 6.23
Current: 1.29
0.46
6.23
Earnings Yield (Greenblatt) (%) 0.60
MU's Earnings Yield (Greenblatt) (%) is ranked lower than
64% of the 853 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.70 vs. MU: 0.60 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
MU' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.59  Med: 8.3 Max: 26
Current: 0.6
0.59
26
Forward Rate of Return (Yacktman) (%) 22.58
MU's Forward Rate of Return (Yacktman) (%) is ranked higher than
81% of the 361 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 6.37 vs. MU: 22.58 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
MU' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -55.9  Med: 5.1 Max: 40.8
Current: 22.58
-55.9
40.8

More Statistics

Revenue (TTM) (Mil) $12,399
EPS (TTM) $ -0.28
Beta1.96
Short Percentage of Float5.66%
52-Week Range $9.31 - 20.44
Shares Outstanding (Mil)1,041.54

Analyst Estimate

Aug17 Aug18 Aug19
Revenue (Mil $) 14,831 16,395 17,351
EPS ($) 1.05 1.78 1.65
EPS w/o NRI ($) 1.05 1.78 1.65
EPS Growth Rate
(3Y to 5Y Estimate)
103.25%
Dividends Per Share ($)
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