MU

Micron Technology, Inc.Technology / SemiconductorsINTACT

Micron Technology, Inc. engages in the provision of semiconductor memory and storage products in the United States, Taiwan, Mainland China, other Asia Pacific countries, Japan, Europe, and internationally. It operates through Cloud Memory Business Unit, Core Data Center Business Unit, Mobile and Client Business Unit, and Automotive and Embedded Business Unit segments. The company provides dynamic random access memory (DRAM) products, including High-Bandwidth Memory, doublie data rate, low-power DRAM, and graphics DRAM products; NAND products comprising solid state drives, managed NAND, and multi-chip packages; and NOR products. The company sells its products under the Micron brand name and private labels through its own direct sales force, sales or representative offices, as well as through distributors, retailers, and independent sales representatives. Micron Technology, Inc. was founded in 1978 and is headquartered in Boise, Idaho.

Share Price
$903.70
52W: $192.59 - $1255
DCF Fair Value
$856.35
-5.5% Premium
P/E (TTM)
11.8x
ROIC
60.5%
Operating Margin
80.7%
FCF Yield
2.8%
Debt / Equity
0.04x
Piotroski Score
8/9
Altman Z-Score
3.39
Market Cap
$1022.5B

Price vs. Intrinsic Value Corridor

Overvalued vs DCF ($856.35)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)
—()
Period Range
$— - $—
DCF Fair Value
$856.35
MOS Buy Target (-25%)
$642.26
Valuation Overlays:

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price
$903.70
DCF Fair Value
$856.62
-5.5% Premium
$29,140M
$100M$29,140M (Reported)$72,850M
18.0%
-5%10% (Target)35%
4.5%
0%5%20%
9.0%
6%9% (Standard)15% (High Risk)
2.5%
1% (GDP Floor)2.5% (Inflation)4.0%
-$38,200M (Net Cash)
-$100B CashBalance Sheet+$150B Debt
10-Yr PV of Cash Flows
$377.3B
PV of Terminal Value
$553.4B
Implied Enterprise Value
$930.6B
Implied Equity Value
$968.8B
YearYr 1Yr 2Yr 3Yr 4Yr 5Yr 6Yr 7Yr 8Yr 9Yr 10
Projected FCF ($M)$34,385$40,575$47,878$56,496$66,665$69,665$72,800$76,076$79,500$83,077
Present Value (PV)$31,546$34,151$36,971$40,023$43,328$41,539$39,824$38,180$36,604$35,093

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-96.9% Premium
$459.06

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $76.55BVPS: $122.35
Revised Graham Formula+66.5% MoS
$2701.58

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Buffett Owner Earnings2.7% Yield
$24.48 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $27.7BYield: 2.7%

Reverse DCF: Market Growth Expectation

FAIR BARRIER
13.1% CAGR (Next 10 Yrs)

At the current price of $903.70, the market is assuming the business will compound Free Cash Flow at 13.1% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict
ℹ Fair expectations: Requires steady execution.
Autonomous Thesis Underwriting

Surveil MU with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for Micron Technology, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 80.7% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

Frequently Asked Questions: Micron Technology, Inc. (MU) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for Micron Technology, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, Micron Technology, Inc. has an estimated DCF intrinsic fair value of $856.35 per share compared to its current market price of $903.70. This represents an estimated 5.5% premium over fair value. Additionally, its classic Benjamin Graham Number stands at $459.06.

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