Stock Analysis on Net
Stock Analysis on Net

Micron Technology Inc. (NASDAQ:MU)

$24.99

Enterprise Value to FCFF (EV/FCFF)

Microsoft Excel

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Free Cash Flow to The Firm (FCFF)

Micron Technology Inc., FCFF calculation

US$ in millions

Microsoft Excel
12 months ended: Aug 31, 2023 Sep 1, 2022 Sep 2, 2021 Sep 3, 2020 Aug 29, 2019 Aug 30, 2018
Net income (loss) attributable to Micron
Net income attributable to noncontrolling interests
Net noncash charges
Change in operating assets and liabilities
Net cash provided by operating activities
Interest paid, net of amounts capitalized, net of tax1
Interest capitalized as part of the cost of property, plant, and equipment, net of tax2
Expenditures for property, plant, and equipment
Noncash acquisitions of right-of-use assets, finance leases
Free cash flow to the firm (FCFF)

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).

1, 2 See details »

Item Description The company
FCFF Free cash flow to the firm is the cash flow available to the Micron Technology Inc. suppliers of capital after all operating expenses have been paid and necessary investments in working and fixed capital have been made. Micron Technology Inc. FCFF increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Interest Paid, Net of Tax

Micron Technology Inc., interest paid, net of tax calculation

US$ in millions

Microsoft Excel
12 months ended: Aug 31, 2023 Sep 1, 2022 Sep 2, 2021 Sep 3, 2020 Aug 29, 2019 Aug 30, 2018
Effective Income Tax Rate (EITR)
EITR1
Interest Paid, Net of Tax
Interest paid, net of amounts capitalized, before tax
Less: Interest paid, net of amounts capitalized, tax2
Interest paid, net of amounts capitalized, net of tax
Interest Costs Capitalized, Net of Tax
Interest capitalized as part of the cost of property, plant, and equipment, before tax
Less: Interest capitalized as part of the cost of property, plant, and equipment, tax3
Interest capitalized as part of the cost of property, plant, and equipment, net of tax

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).

1 See details »

2 2023 Calculation
Interest paid, net of amounts capitalized, tax = Interest paid, net of amounts capitalized × EITR
= × =

3 2023 Calculation
Interest capitalized as part of the cost of property, plant, and equipment, tax = Interest capitalized as part of the cost of property, plant, and equipment × EITR
= × =

Enterprise Value to FCFF Ratio, Current

Micron Technology Inc., current EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in millions)
Enterprise value (EV)
Free cash flow to the firm (FCFF)
Valuation Ratio
EV/FCFF
Benchmarks
EV/FCFF, Competitors1
Advanced Micro Devices Inc.
Analog Devices Inc.
Applied Materials Inc.
Broadcom Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
NVIDIA Corp.
ON Semiconductor Corp.
Qualcomm Inc.
Texas Instruments Inc.
EV/FCFF, Sector
Semiconductors & Semiconductor Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-08-31).

1 Click competitor name to see calculations.

If the company EV/FCFF is lower then the EV/FCFF of benchmark then company is relatively undervalued.
Otherwise, if the company EV/FCFF is higher then the EV/FCFF of benchmark then company is relatively overvalued.

Enterprise Value to FCFF Ratio, Historical

Micron Technology Inc., historical EV/FCFF calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Sep 1, 2022 Sep 2, 2021 Sep 3, 2020 Aug 29, 2019 Aug 30, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)1
Free cash flow to the firm (FCFF)2
Valuation Ratio
EV/FCFF3
Benchmarks
EV/FCFF, Competitors4
Advanced Micro Devices Inc.
Analog Devices Inc.
Applied Materials Inc.
Broadcom Inc.
Intel Corp.
KLA Corp.
Lam Research Corp.
NVIDIA Corp.
ON Semiconductor Corp.
Qualcomm Inc.
Texas Instruments Inc.
EV/FCFF, Sector
Semiconductors & Semiconductor Equipment
EV/FCFF, Industry
Information Technology

Based on: 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30).

1 See details »

2 See details »

3 2023 Calculation
EV/FCFF = EV ÷ FCFF
= ÷ =

4 Click competitor name to see calculations.