Paying user area
Try for free
Micron Technology Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Micron Technology Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Oct 4, 2024 | = | ÷ | = | ÷ | |||||||
Oct 6, 2023 | = | ÷ | = | ÷ | |||||||
Oct 7, 2022 | = | ÷ | = | ÷ | |||||||
Oct 8, 2021 | = | ÷ | = | ÷ | |||||||
Oct 19, 2020 | = | ÷ | = | ÷ | |||||||
Oct 17, 2019 | = | ÷ | = | ÷ | |||||||
Oct 15, 2018 | = | ÷ | = | ÷ | |||||||
Oct 26, 2017 | = | ÷ | = | ÷ | |||||||
Oct 28, 2016 | = | ÷ | = | ÷ | |||||||
Oct 27, 2015 | = | ÷ | = | ÷ | |||||||
Oct 27, 2014 | = | ÷ | = | ÷ | |||||||
Oct 28, 2013 | = | ÷ | = | ÷ | |||||||
Oct 29, 2012 | = | ÷ | = | ÷ | |||||||
Oct 25, 2011 | = | ÷ | = | ÷ | |||||||
Oct 26, 2010 | = | ÷ | = | ÷ | |||||||
Oct 28, 2009 | = | ÷ | = | ÷ | |||||||
Oct 27, 2008 | = | ÷ | = | ÷ | |||||||
Oct 26, 2007 | = | ÷ | = | ÷ | |||||||
Nov 8, 2006 | = | ÷ | = | ÷ | |||||||
Nov 4, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2024-08-29), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-09-01), 10-K (reporting date: 2021-09-02), 10-K (reporting date: 2020-09-03), 10-K (reporting date: 2019-08-29), 10-K (reporting date: 2018-08-30), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Micron Technology Inc. Annual Report.
The share price exhibited significant volatility over the analyzed period. Initially, it showed a modest increase from $13.92 in 2005 to $14 in 2006, followed by a sharp decline to $3.39 in 2008. Subsequently, the share price experienced a general upward trend, with notable peaks in 2014 ($32.3) and 2021 ($70.12). The highest recorded value was $102.25 in 2024, indicating strong price appreciation in recent years despite some fluctuations, such as the dip in 2022 to $52.91.
Operating profit per share (OPPS) revealed fluctuating profitability with several periods of negative results. From positive $0.35 in 2005, the OPPS turned negative in 2007 (-$0.37) and hit a low of -$2.09 in 2008, reflective of challenging operational conditions. Recovery phases were intermittent, with strong positive OPPS recorded in 2018 ($13.22) and 2019 ($6.66). However, the figure again declined to a negative value in 2023 (-$5.23) before a modest recovery to $1.18 in 2024. Overall, OPPS demonstrates a cyclical pattern with periods of both profitability and losses.
The price to operating profit ratio (P/OP) showed considerable variation and gaps in data, complicating a continuous trend analysis. Early data points indicated relatively high ratios, such as 39.55 in 2005 and 30.18 in 2006, suggesting the share price was high relative to operating profits. Mid-decade ratios fluctuated widely, with an extreme peak at 106.63 in 2016 and a notably low ratio of 3.2 in 2018, implying significant shifts in market valuation relative to operating profit. The latter years display moderately lower ratios, with a jump again to 86.94 in 2024, signaling a high valuation relative to earnings in the most recent period.
In summary, the financial data reveals a cyclical nature in operating profitability accompanied by substantial share price growth over the long term. Valuation measured by P/OP has been highly variable, reflecting changes in market perception and operating performance. The recent years suggest strong market confidence notwithstanding fluctuating profitability, as evidenced by the elevated share prices and high relative valuation metrics in 2024.
Comparison to Competitors
Micron Technology Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | Lam Research Corp. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
---|---|---|---|---|---|---|---|---|---|---|
Oct 4, 2024 | ||||||||||
Oct 6, 2023 | ||||||||||
Oct 7, 2022 | ||||||||||
Oct 8, 2021 | ||||||||||
Oct 19, 2020 | ||||||||||
Oct 17, 2019 | ||||||||||
Oct 15, 2018 | ||||||||||
Oct 26, 2017 | ||||||||||
Oct 28, 2016 | ||||||||||
Oct 27, 2015 | ||||||||||
Oct 27, 2014 | ||||||||||
Oct 28, 2013 | ||||||||||
Oct 29, 2012 | ||||||||||
Oct 25, 2011 | ||||||||||
Oct 26, 2010 | ||||||||||
Oct 28, 2009 | ||||||||||
Oct 27, 2008 | ||||||||||
Oct 26, 2007 | ||||||||||
Nov 8, 2006 | ||||||||||
Nov 4, 2005 |
Based on: 10-K (reporting date: 2024-08-29), 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), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-09-01), 10-K (reporting date: 2015-09-03), 10-K (reporting date: 2014-08-28), 10-K (reporting date: 2013-08-29), 10-K (reporting date: 2012-08-30), 10-K (reporting date: 2011-09-01), 10-K (reporting date: 2010-09-02), 10-K (reporting date: 2009-09-03), 10-K (reporting date: 2008-08-28), 10-K (reporting date: 2007-08-30), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-09-01).