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Also traded in: Austria, 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 0.37
MU's Cash-to-Debt is ranked lower than
77% of the 848 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.76 vs. MU: 0.37 )
Ranked among companies with meaningful Cash-to-Debt only.
MU' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.05  Med: 0.85 Max: N/A
Current: 0.37
Equity-to-Asset 0.49
MU's Equity-to-Asset is ranked lower than
69% of the 844 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 0.63 vs. MU: 0.49 )
Ranked among companies with meaningful Equity-to-Asset only.
MU' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.4  Med: 0.66 Max: 0.86
Current: 0.49
0.4
0.86
Interest Coverage 5.67
MU's Interest Coverage is ranked lower than
81% of the 649 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 59.27 vs. MU: 5.67 )
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: 5.67
0.38
8.93
Piotroski F-Score: 7
Altman Z-Score: 2.64
Beneish M-Score: -2.52
WACC vs ROIC
12.51%
15.25%
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 : 7/10

vs
industry
vs
history
Operating Margin % 19.16
MU's Operating Margin % is ranked higher than
87% of the 849 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.48 vs. MU: 19.16 )
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: 19.16
Current: 19.16
-34.89
19.16
Net Margin % 14.66
MU's Net Margin % is ranked higher than
83% of the 849 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 3.98 vs. MU: 14.66 )
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: 14.66
-39.18
21.81
ROE % 19.02
MU's ROE % is ranked higher than
87% of the 828 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 4.85 vs. MU: 19.02 )
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: 19.02
-33.82
30.6
ROA % 8.62
MU's ROA % is ranked higher than
78% of the 856 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.71 vs. MU: 8.62 )
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: 8.62
-15.12
14.66
ROC (Joel Greenblatt) % 18.45
MU's ROC (Joel Greenblatt) % is ranked higher than
65% of the 853 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 9.85 vs. MU: 18.45 )
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: 18.45
-19.21
27.9
3-Year Revenue Growth Rate 11.70
MU's 3-Year Revenue Growth Rate is ranked higher than
74% of the 734 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.40 vs. MU: 11.70 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
MU' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: -21.5  Med: 7.9 Max: 64.5
Current: 11.7
-21.5
64.5
3-Year EBITDA Growth Rate -1.20
MU's 3-Year EBITDA Growth Rate is ranked lower than
62% of the 563 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 5.30 vs. MU: -1.20 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
MU' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -76.3  Med: 16.2 Max: 216
Current: -1.2
-76.3
216
GuruFocus has detected 5 Warning Signs with Micron Technology Inc $MU.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» MU's 30-Y Financials

Financials (Next Earnings Date: 2017-09-29 Est.)


Revenue & Net Income
Cash & Debt
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Details

Guru Trades

Q3 2016

MU Guru Trades in Q3 2016

Ken Heebner 3,560,000 sh (New)
NWQ Managers 12,636 sh (New)
Stanley Druckenmiller 927,200 sh (New)
Signature Select Canadian Fund 732,000 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%)
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)
Jerome Dodson 2,300,000 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
Q4 2016

MU Guru Trades in Q4 2016

David Tepper 3,250,000 sh (New)
Jeremy Grantham 9,900 sh (New)
Jim Simons 844,736 sh (+1515.17%)
Steven Cohen 5,042,400 sh (+78.18%)
Caxton Associates 342,475 sh (+50.08%)
Chris Davis 32,055 sh (unchged)
NWQ Managers 12,636 sh (unchged)
Paul Singer 780,000 sh (unchged)
First Eagle Investment Sold Out
Richard Snow Sold Out
Stanley Druckenmiller Sold Out
PRIMECAP Management 62,122,100 sh (-0.02%)
Donald Smith 14,779,020 sh (-3.08%)
Jerome Dodson 2,000,000 sh (-13.04%)
Ken Heebner 3,060,000 sh (-14.04%)
Paul Tudor Jones 23,914 sh (-76.06%)
Pioneer Investments 616,386 sh (-80.33%)
» More
Q1 2017

MU Guru Trades in Q1 2017

David Einhorn 1,600,000 sh (New)
John Hussman 200,000 sh (New)
Ray Dalio 405,342 sh (New)
Jeremy Grantham 670,400 sh (+6671.72%)
Paul Tudor Jones 100,969 sh (+322.22%)
David Tepper 6,690,000 sh (+105.85%)
Caxton Associates 472,542 sh (+37.98%)
Pioneer Investments 650,097 sh (+5.47%)
PRIMECAP Management 62,155,800 sh (+0.05%)
NWQ Managers 12,636 sh (unchged)
Jim Simons Sold Out
Donald Smith 13,782,244 sh (-6.74%)
Ken Heebner 2,630,000 sh (-14.05%)
Signature Select Canadian Fund 611,100 sh (-16.52%)
Chris Davis 16,028 sh (-50.00%)
Steven Cohen 1,444,200 sh (-71.36%)
Jerome Dodson 100,000 sh (-95.00%)
» More
Q2 2017

MU Guru Trades in Q2 2017

Jerome Dodson 700,000 sh (+600.00%)
» More
» Details

Insider Trades

Latest Guru Trades with MU

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Business Description

Industry: Semiconductors » Semiconductor Memory    NAICS: 334413    SIC: 3674
Compare:NAS:RMBS, NAS:MRAM, NAS:IOTS, NAS:NLST » details
Traded in other countries:MU.Austria, MTE.Germany, MU.Mexico, MU.Switzerland,
Headquarter Location:USA
Micron Technology Inc along with its subsidiaries manufactures semiconductor systems. Its product portfolio consists of memory and storage technologies such as DRAM, NAND, NOR and 3D XPoint memory.

Micron Technology has historically focused on providing dynamic random-access memory for PCs and servers. The firm has expanded into the NAND flash memory market over the past decade. It has also gained a meaningful presence in the NOR flash market with its 2010 Numonyx acquisition and is increasing its DRAM scale with the purchase of Elpida (completed in mid-2013) and Inotera (completed in December 2016).

Guru Investment Theses on Micron Technology Inc

Jerome Dodson Comments on Micron Technology - Apr 26, 2017

Micron Technology (NASDAQ:MU) was the Fund’s best performer for an impressive fourth consecutive quarter, adding 67 basis points to the return, as its stock soared 31.8% from $21.92 to $28.90. Micron makes two kinds of memory chips, DRAMs (dynamic random access memory) and NAND flash. Prices for both memory chips continue to rise, and the company expects its earnings to reach an all-time high next quarter. Micron has worked hard to move down the cost curve and qualify its products for higher-value uses, which has led to an amazing increase in earnings per share, from a loss of $0.05 only three quarters ago to next quarter’s forecasted gain of $1.50.

Jerome Dodson (Trades, Portfolio)'s first quarter 2017 Parnassus Funds commentary.

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Jerome Dodson Comments on Micron Technology - Jan 25, 2017

Micron Technology (NASDAQ:MU) was right on Applied Materials’ heels, adding an amazing 215 basis points to the Fund’s return, as the stock raced higher by 54.8%, from $14.16 to $21.92. It was a rollercoaster year for Micron, as prices of its main product, dynamic random access memory semiconductor chips (also known as DRAMS), were falling sharply to begin the year. DRAM chips are commodities, and their pricing is volatile, going up sharply when demand exceeds supply and dropping suddenly when the balance tilts in the other direction. We invested because production capacity growth had slowed below demand, and we were confident that DRAM prices would eventually rise. Sure enough, in the second half of the year DRAM prices rose sharply, and we’re enjoying the upside.



From the Parnassus Fund fourth quarter 2016 commentary.



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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.

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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.

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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.



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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.

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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



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Top Ranked Articles about Micron Technology Inc

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Micron Technology to Report Fiscal Third Quarter Results on June 29, 2017
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David Einhorn (Trades, Portfolio), president of Greenlight Capital, seeks long-term capital appreciation through an emphasis on intrinsic value. During the first quarter, the activist investor made a big bet on General Motors Co. (NYSE:GM) and added two new positions: Conduent Inc. (NYSE:CNDT) and Micron Technology Inc. (NASDAQ:MU). Read more...
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David Tepper Invests in Symantec, Snap in 1st Quarter Guru initiates positions in 2 technology stocks, adds to several others
Appaloosa Management founder David Tepper (Trades, Portfolio) gained 10 new holdings during the first quarter. Among his purchases were two technology stocks, Symantec Corp. (NASDAQ:SYMC) and Snap Inc. (NYSE:SNAP). Read more...
Micron Accelerates All-Flash Storage Speed, Performance and Value with New Flexible Petabyte-Scale Enterprise Data Center Solution

Ratios

vs
industry
vs
history
PE Ratio 14.73
MU's PE Ratio is ranked higher than
80% of the 573 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 22.85 vs. MU: 14.73 )
Ranked among companies with meaningful PE Ratio only.
MU' s PE Ratio Range Over the Past 10 Years
Min: 3.54  Med: 11.8 Max: 64.71
Current: 14.73
3.54
64.71
Forward PE Ratio 5.27
MU's Forward PE Ratio is ranked higher than
96% of the 111 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 18.83 vs. MU: 5.27 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 14.73
MU's PE Ratio without NRI is ranked higher than
80% of the 574 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 23.03 vs. MU: 14.73 )
Ranked among companies with meaningful PE Ratio without NRI only.
MU' s PE Ratio without NRI Range Over the Past 10 Years
Min: 3.54  Med: 11.8 Max: 64.71
Current: 14.73
3.54
64.71
Price-to-Owner-Earnings 13.80
MU's Price-to-Owner-Earnings is ranked higher than
54% of the 372 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 20.51 vs. MU: 13.80 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
MU' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 4  Med: 9.54 Max: 205.12
Current: 13.8
4
205.12
PB Ratio 2.18
MU's PB Ratio is ranked lower than
56% of the 825 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.88 vs. MU: 2.18 )
Ranked among companies with meaningful PB Ratio only.
MU' s PB Ratio Range Over the Past 10 Years
Min: 0.26  Med: 1.18 Max: 3.63
Current: 2.18
0.26
3.63
PS Ratio 2.06
MU's PS Ratio is ranked lower than
54% of the 832 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.75 vs. MU: 2.06 )
Ranked among companies with meaningful PS Ratio only.
MU' s PS Ratio Range Over the Past 10 Years
Min: 0.25  Med: 1.24 Max: 2.68
Current: 2.06
0.25
2.68
Price-to-Free-Cash-Flow 119.62
MU's Price-to-Free-Cash-Flow is ranked lower than
59% of the 389 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 21.26 vs. MU: 119.62 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
MU' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 2.77  Med: 14.31 Max: 119.62
Current: 119.62
2.77
119.62
Price-to-Operating-Cash-Flow 6.17
MU's Price-to-Operating-Cash-Flow is ranked higher than
85% of the 483 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 13.89 vs. MU: 6.17 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
MU' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 1.31  Med: 5.15 Max: 11.06
Current: 6.17
1.31
11.06
EV-to-EBIT 13.24
MU's EV-to-EBIT is ranked higher than
68% of the 583 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 18.38 vs. MU: 13.24 )
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: 159.2
Current: 13.24
-256.6
159.2
EV-to-EBITDA 6.41
MU's EV-to-EBITDA is ranked higher than
76% of the 647 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 13.38 vs. MU: 6.41 )
Ranked among companies with meaningful EV-to-EBITDA only.
MU' s EV-to-EBITDA Range Over the Past 10 Years
Min: 2.2  Med: 6.3 Max: 45.5
Current: 6.41
2.2
45.5
PEG Ratio 1.18
MU's PEG Ratio is ranked higher than
73% of the 223 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.03 vs. MU: 1.18 )
Ranked among companies with meaningful PEG Ratio only.
MU' s PEG Ratio Range Over the Past 10 Years
Min: 0.31  Med: 0.95 Max: 19.83
Current: 1.18
0.31
19.83
Shiller PE Ratio 76.14
MU's Shiller PE Ratio is ranked lower than
75% of the 139 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 44.47 vs. MU: 76.14 )
Ranked among companies with meaningful Shiller PE Ratio only.
MU' s Shiller PE Ratio Range Over the Past 10 Years
Min: 42.42  Med: 103.72 Max: 848.5
Current: 76.14
42.42
848.5
Current Ratio 2.14
MU's Current Ratio is ranked lower than
55% of the 850 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.39 vs. MU: 2.14 )
Ranked among companies with meaningful Current Ratio only.
MU' s Current Ratio Range Over the Past 10 Years
Min: 1.32  Med: 2.36 Max: 5.29
Current: 2.14
1.32
5.29
Quick Ratio 1.55
MU's Quick Ratio is ranked lower than
57% of the 849 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.84 vs. MU: 1.55 )
Ranked among companies with meaningful Quick Ratio only.
MU' s Quick Ratio Range Over the Past 10 Years
Min: 0.96  Med: 1.7 Max: 4.32
Current: 1.55
0.96
4.32
Days Inventory 92.84
MU's Days Inventory is ranked lower than
61% of the 816 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 78.87 vs. MU: 92.84 )
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: 92.84
79.29
112.67
Days Sales Outstanding 66.87
MU's Days Sales Outstanding is ranked lower than
60% of the 771 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 61.39 vs. MU: 66.87 )
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: 66.87
41.36
83.23
Days Payable 47.43
MU's Days Payable is ranked lower than
61% of the 751 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 52.14 vs. MU: 47.43 )
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: 47.43
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 573 Companies
in the Global Semiconductor Memory industry.

( Industry Median: -3.30 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: -12.7  Med: -2.9 Max: 0.2
Current: 0.2
-12.7
0.2

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 2.43
MU's Price-to-Tangible-Book is ranked lower than
53% of the 796 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 2.05 vs. MU: 2.43 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
MU' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.41  Med: 1.66 Max: 8.56
Current: 2.43
0.41
8.56
Price-to-Intrinsic-Value-Projected-FCF 1.86
MU's Price-to-Intrinsic-Value-Projected-FCF is ranked higher than
50% of the 484 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 9999.00 vs. MU: 1.86 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
MU' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.47  Med: 2.1 Max: 14.19
Current: 1.86
0.47
14.19
Price-to-Intrinsic-Value-DCF (Earnings Based) 1.38
MU's Price-to-Intrinsic-Value-DCF (Earnings Based) is ranked higher than
70% of the 30 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.82 vs. MU: 1.38 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-DCF (Earnings Based) only.
N/A
Price-to-Median-PS-Value 1.65
MU's Price-to-Median-PS-Value is ranked lower than
72% of the 805 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.16 vs. MU: 1.65 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
MU' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.3  Med: 1.34 Max: 7.89
Current: 1.65
0.3
7.89
Price-to-Peter-Lynch-Fair-Value 0.62
MU's Price-to-Peter-Lynch-Fair-Value is ranked higher than
86% of the 154 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.31 vs. MU: 0.62 )
Ranked among companies with meaningful Price-to-Peter-Lynch-Fair-Value only.
MU' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 0.27  Med: 0.88 Max: 7.18
Current: 0.62
0.27
7.18
Price-to-Graham-Number 1.26
MU's Price-to-Graham-Number is ranked higher than
68% of the 530 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 1.53 vs. MU: 1.26 )
Ranked among companies with meaningful Price-to-Graham-Number only.
MU' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.36  Med: 1.33 Max: 3.93
Current: 1.26
0.36
3.93
Earnings Yield (Greenblatt) % 7.55
MU's Earnings Yield (Greenblatt) % is ranked higher than
78% of the 852 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 3.30 vs. MU: 7.55 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
MU' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -33  Med: 3.5 Max: 24.1
Current: 7.55
-33
24.1
Forward Rate of Return (Yacktman) % 25.54
MU's Forward Rate of Return (Yacktman) % is ranked higher than
83% of the 381 Companies
in the Global Semiconductor Memory industry.

( Industry Median: 7.27 vs. MU: 25.54 )
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: -55.6  Med: 10.3 Max: 40.7
Current: 25.54
-55.6
40.7

More Statistics

Revenue (TTM) (Mil) $17,401.00
EPS (TTM) $ 2.16
Beta2.00
Short Percentage of Float4.19%
52-Week Range $13.02 - 32.96
Shares Outstanding (Mil)1,106.31

Analyst Estimate

Aug17 Aug18 Aug19
Revenue (Mil $) 20,135 21,781 20,619
EPS ($) 4.74 5.80 5.19
EPS without NRI ($) 4.74 5.80 5.19
EPS Growth Rate
(Future 3Y To 5Y Estimate)
109.23%
Dividends per Share ($)
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