-1.36%
4.48%
-8.51%
-1.57%
5.50%
7.96%
69.65%

Company Description

Micron Technology, Inc.designs, manufactures, and sells memory and storage products worldwide.The company operates through four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.


It provides memory and storage technologies comprises DRAM products, which are dynamic random access memory semiconductor devices with low latency that provide high-speed data retrieval; NAND products that are non-volatile and re-writeable semiconductor storage devices; and NOR memory products, which are non-volatile re-writable semiconductor memory devices that provide fast read speeds under the Micron and Crucial brands, as well as through private labels.The company offers memory products for the cloud server, enterprise, client, graphics, and networking markets, as well as for smartphone and other mobile-device markets; SSDs and component-level solutions for the enterprise and cloud, client, and consumer storage markets; other discrete storage products in component and wafers; and memory and storage products for the automotive, industrial, and consumer markets.It markets its products through its direct sales force, independent sales representatives, distributors, and retailers; and web-based customer direct sales channel, as well as through channel and distribution partners.


Micron Technology, Inc.was founded in 1978 and is headquartered in Boise, Idaho.

Market Data

Last Price 91.24
Change Percentage -1.36%
Open 91.43
Previous Close 92.5
Market Cap ( Millions) 101657
Volume 19096930
Year High 157.54
Year Low 79.15
M A 50 97.87
M A 200 108.7

Financial Ratios

FCF Yield 0.54%
Dividend Yield 0.50%
ROE 8.63%
Debt / Equity 29.57%
Net Debt / EBIDTA 55.02%
Price To Book 2.17
Price Earnings Ratio 26.11
Price To FCF 183.5
Price To sales 3.49
EV / EBITDA 8.38

News

Business Breakdown

Expected Mid-Term Growth

Segment nΒ°1 -> Compute and Networking Business Unit

Expected Growth : 12.4 %

What the company do ?

The Compute and Networking Business Unit from Micron Technology, Inc. develops and sells memory and storage products for cloud, enterprise, and networking applications.

Why we expect these perspectives ?

Growing demand for cloud computing, increasing adoption of 5G networks, and rising need for high-performance storage in enterprise applications drive the growth of Micron's Compute and Networking Business Unit.

Segment nΒ°2 -> Embedded Business Unit

Expected Growth : 8.3 %

What the company do ?

Micron's Embedded Business Unit provides memory and storage solutions for automotive, industrial, and consumer electronics applications, enabling advanced features and functionality.

Why we expect these perspectives ?

Growing demand for advanced features in automotive, industrial, and consumer electronics drives growth. Increasing adoption of autonomous vehicles, Industry 4.0, and IoT devices fuels need for high-performance memory and storage solutions.

Segment nΒ°3 -> Mobile Business Unit

Expected Growth : 12.3 %

What the company do ?

Micron's Mobile Business Unit focuses on developing and manufacturing memory and storage solutions for mobile devices, such as smartphones and tablets.

Why we expect these perspectives ?

Growing demand for high-performance and low-power memory solutions in smartphones and tablets, driven by increasing adoption of 5G, AI, and IoT technologies, will fuel Micron's Mobile Business Unit growth.

Segment nΒ°4 -> Storage Business Unit

Expected Growth : 12.2 %

What the company do ?

Micron's Storage Business Unit focuses on developing and manufacturing flash storage products, including SSDs, storage controllers, and other memory solutions for cloud, enterprise, and client markets.

Why we expect these perspectives ?

Growing demand for cloud storage, increasing adoption of SSDs in enterprise and client markets, and rising need for high-performance memory solutions drive Micron's Storage Business Unit growth.

Segment nΒ°5 -> All Other

Expected Growth : 10.5 %

What the company do ?

All Other from Micron Technology, Inc. refers to the company's non-memory products and services, including storage, networking, and other emerging technologies.

Why we expect these perspectives ?

Driven by increasing demand for storage and networking solutions, emerging technologies such as AI, 5G, and IoT, and Micron's strategic investments in these areas, the 'All Other' segment is expected to experience significant growth.

Micron Technology, Inc. Products

Product Range What is it ?
DRAM Dynamic Random Access Memory, a type of RAM that stores data in capacitors and is widely used in computers, laptops, and other electronic devices
NAND Flash A type of non-volatile memory that stores data even when power is turned off, used in solid-state drives, smartphones, and other devices
3D XPoint A type of non-volatile memory that provides high performance and low latency, used in storage devices and data centers
SSDs Solid-State Drives that use flash memory to store data, providing faster performance and lower latency than traditional hard disk drives
Memory and Storage Modules Modules that combine DRAM and NAND Flash to provide high-performance and high-capacity storage solutions
Cloud and Enterprise Storage Storage solutions designed for cloud and enterprise environments, providing high-performance and high-capacity storage
Client SSDs Solid-State Drives designed for client devices such as laptops and desktops, providing fast storage for operating systems and applications
Mobile Storage Storage solutions designed for mobile devices such as smartphones and tablets, providing high-performance and low-power storage

Micron Technology, Inc.'s Porter Forces

Micron Technology, Inc. faces moderate threat from substitutes due to the presence of alternative memory technologies such as flash storage and emerging technologies like phase-change memory.

Micron Technology, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's products are often customized, making it difficult for customers to switch suppliers.

Micron Technology, Inc. relies on a few key suppliers for critical components, which gives them some bargaining power. However, the company's large scale and diversified supply chain mitigate this risk to some extent.

The memory industry has high barriers to entry, including significant capital requirements and technological expertise. This makes it difficult for new entrants to challenge Micron Technology, Inc.'s position.

The memory industry is highly competitive, with several established players competing for market share. Micron Technology, Inc. faces intense rivalry from companies like Samsung, SK Hynix, and Western Digital.

Capital Structure

Value
Debt Weight 24.00%
Debt Cost 4.24%
Equity Weight 76.00%
Equity Cost 9.92%
WACC 8.56%
Leverage 31.58%

Historical Valuation

Price/Earnings Ratio

Margin Valuation

Peers Valuation

Competitors

Company Rational
ON ON Semiconductor Corporation provides intelligent sensing and power solutions worldwide. Its intelligent power technologies enable the electrification of the automotive industry that allows for lighter and longer-range electric vehicles, empowers …
ADI Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company provides data converter products, which …
AMD Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as …
INTC Intel Corporation engages in the design, manufacture, and sale of computer products and technologies worldwide. The company operates through CCG, DCG, IOTG, Mobileye, NSG, PSG, and All Other segments. It …
GFS GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. It manufactures integrated circuits, which enable various electronic devices that are pervasive. The company manufactures a range of semiconductor devices, including microprocessors, …

Peers Metrics

DCF BETA

Parameters

Short Term Growth
Short term Time
Long-Term Growth
WACC
Target Price
91.24$
Current Price
91.24$
Potential
-0.00%

Expected Cash-Flows

Scoring Insights

Peers Group Analysis

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