Micron Technology Inc

Find Ratings Reports
MU : NASDAQ : Technology
$26.57 -0.75 | -2.75%
Today's Range: 26.52 - 27.76
Avg. Daily Volume: 2.69645E7
04/24/17 - 4:00 PM ET

Financial Analysis


MICRON TECHNOLOGY INC's gross profit margin for the second quarter of its fiscal year 2017 has significantly increased when compared to the same period a year ago. The company grew its sales and net income significantly quarter versus same quarter a year prior, and was able to outpace the average competitor in the industry when comparing revenue growth, but not when comparing net income growth. MICRON TECHNOLOGY INC has average liquidity. Currently, the Quick Ratio is 1.30 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.

During the same period, stockholders' equity ("net worth") has increased by 16.12% 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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. To learn more visit www.TheStreetRatings.com.



Income Statement Q2 FY17 Q2 FY16
Net Sales ($mil)4648.02934.0
EBITDA ($mil)2119.0775.0
EBIT ($mil)1116.01.0
Net Income ($mil)894.0-97.0


Balance Sheet Q2 FY17 Q2 FY16
Cash & Equiv. ($mil)3898.04035.0
Total Assets ($mil)32355.024819.0
Total Debt ($mil)12453.07619.0
Equity ($mil)14287.012303.0


Profitability Q2 FY17 Q2 FY16
Gross Profit Margin59.5346.11
EBITDA Margin45.5826.41
Operating Margin24.010.03
Sales Turnover0.460.55
Return on Assets2.124.31
Return on Equity4.828.7
Debt Q2 FY17 Q2 FY16
Current Ratio1.912.0
Debt/Capital0.470.38
Interest Expense161.097.0
Interest Coverage6.930.01


Share Data Q2 FY17 Q2 FY16
Shares outstanding (mil)1106.01037.0
Div / share0.00.0
EPS0.77-0.09
Book value / share12.9211.86
Institutional Own % n/a n/a
Avg Daily Volume2.6774846E72.5831108E7

Valuation


BUY. MICRON TECHNOLOGY INC's P/E ratio indicates a significant premium compared to an average of 34.98 for the Semiconductors & Semiconductor Equipment industry and a significant premium compared to the S&P 500 average of 24.92. To use another comparison, its price-to-book ratio of 2.16 indicates a discount versus the S&P 500 average of 2.99 and a significant discount versus the industry average of 4.74. The price-to-sales ratio is similar to the S&P 500 average, but it is significantly below the industry average, indicating a discount.


Price/Earnings
1 2 3 4 5
premium   discount
  Price/Cash Flow
1 2 3 4 5
premium   discount
MU 49.93 Peers 34.98   MU 7.92 Peers 17.85

Premium. A higher P/E ratio than its peers can signify a more expensive stock or higher growth expectations.

MU is trading at a significant premium to its peers.

 

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.

 
Price/Projected
Earnings
1 2 3 4 5
premium   discount
  Price to
Earnings/Growth
1 2 3 4 5
premium   discount
MU 5.18 Peers 19.92   MU NM Peers 1.39

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 significant 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.

MU's negative PEG ratio makes this valuation measure meaningless.

 
Price/Book
1 2 3 4 5
premium   discount
  Earnings Growth
1 2 3 4 5
lower   higher
MU 2.16 Peers 4.74   MU -40.43 Peers 0.42

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.

 
Price/Sales
1 2 3 4 5
premium   discount
  Sales Growth
1 2 3 4 5
premium   discount
MU 2.10 Peers 4.62   MU 7.25 Peers 23.82

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

 

 

Latest Stock Upgrades/Downgrades