Micron Technology Inc

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MU : NASDAQ : Technology
$17.53 -0.11 | -0.62%
Today's Range: 17.40 - 17.90
Avg. Daily Volume: 24,945,300
10/27/16 - 4:00 PM ET

Financial Analysis

MICRON TECHNOLOGY INC's gross profit margin for the fourth quarter of its fiscal year 2016 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its industry. MICRON TECHNOLOGY INC has average liquidity. Currently, the Quick Ratio is 1.34 which shows that technically this company has the ability to cover short-term cash needs. The company's liquidity has decreased from the same period last year, indicating deteriorating cash flow.

During the same period, stockholders' equity ("net worth") has remained virtually unchanged only decreasing by 2.19% from the same quarter last year. Together, the key liquidity measurements indicate that it is relatively unlikely that the company will face financial difficulties in the near future.

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Income Statement Q4 FY16 Q4 FY15
Net Sales ($mil)3217.03600.0
EBITDA ($mil)0.01131.0
EBIT ($mil)11.0421.0
Net Income ($mil)-170.0471.0

Balance Sheet Q4 FY16 Q4 FY15
Cash & Equiv. ($mil)4398.03521.0
Total Assets ($mil)27540.024143.0
Total Debt ($mil)9910.07341.0
Equity ($mil)12080.012351.0

Profitability Q4 FY16 Q4 FY15
Gross Profit Margin18.046.67
EBITDA Margin0.031.41
Operating Margin0.3411.69
Sales Turnover0.450.67
Return on Assets-1.012.0
Return on Equity-2.2823.47
Debt Q4 FY16 Q4 FY15
Current Ratio1.962.2
Interest Expense0.0101.0
Interest Coverage0.04.17

Share Data Q4 FY16 Q4 FY15
Shares outstanding (mil)1037.01039.0
Div / share0.00.0
Book value / share11.6511.89
Institutional Own % n/a n/a
Avg Daily Volume2.5787424E72.9726872E7


HOLD. The current P/E ratio is negative, which has no meaningful value in the assessment of premium or discount valuation, it simply displays that the company has negative earnings. To use another comparison, its price-to-book ratio of 1.48 indicates a discount versus the S&P 500 average of 2.73 and a significant discount versus the industry average of 4.08. The price-to-sales ratio is below the S&P 500 average and is well below the industry average, indicating a discount. After reviewing these and other key valuation criteria, MICRON TECHNOLOGY INC proves to trade at a discount to investment alternatives within the industry.

1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MU NM Peers 26.00   MU 5.63 Peers 18.02

Neutral. The absence of a valid P/E ratio happens when a stock can not be valued on the basis of a negative stream of earnings.

MU's P/E is negative making this valuation measure meaningless.


Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures.

MU is trading at a significant discount to its peers.

1 2 3 4 5
premium   discount
  Price to
1 2 3 4 5
premium   discount
MU 10.12 Peers 18.52   MU NA Peers 2.79

Discount. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth expectations.

MU is trading at a discount to its peers.


Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples.

Ratio not available.

1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MU 1.48 Peers 4.08   MU -110.97 Peers 16.01

Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet.

MU is trading at a significant discount to its peers.


Lower. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios.

However, MU is expected to significantly trail its peers on the basis of its earnings growth rate.

1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MU 1.44 Peers 4.50   MU -23.43 Peers 8.28

Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales.

MU is trading at a significant discount to its industry on this measurement.


Lower. A sales growth rate that trails the industry implies that a company is losing market share.

MU significantly trails its peers on the basis of sales growth



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