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Micron Technology Inc. (MU)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Micron Technology Inc., current enterprise value calculation

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Current share price (P) $57.75
No. shares of common stock outstanding 1,110,873,554
US$ in millions
Common equity (market value)1 64,153 
Add: Noncontrolling interests in subsidiaries (per books) 889 
Total equity 65,042 
Add: Current debt (per books) 1,310 
Add: Long-term debt (per books) 4,541 
Total equity and debt 70,893 
Less: Cash and equivalents 7,152 
Less: Short-term investments 803 
Enterprise value (EV) 62,938 

Based on: 10-K (filing date: 2019-10-17).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 57.75 × 1,110,873,554

Historical Enterprise Value (EV)

Micron Technology Inc., EV calculation

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Aug 29, 2019 Aug 30, 2018 Aug 31, 2017 Sep 1, 2016 Sep 3, 2015 Aug 28, 2014
Share price1, 2 $45.50 $42.34 $40.60 $17.20 $16.68 $32.30
No. shares of common stock outstanding1 1,107,050,823 1,134,255,375 1,153,255,224 1,041,537,057 1,085,753,663 1,073,455,204
US$ in millions
Common equity (market value)3 50,371  48,024  46,822  17,914  18,110  34,673 
Add: Noncontrolling interests in subsidiaries (book value) 889  870  849  848  937  802 
Total equity 51,260  48,894  47,671  18,762  19,047  35,475 
Add: Current debt (book value) 1,310  859  1,262  756  1,089  1,638 
Add: Long-term debt (book value) 4,541  3,777  9,872  9,154  6,252  4,955 
Total equity and debt 57,111  53,530  58,805  28,672  26,388  42,068 
Less: Cash and equivalents 7,152  6,506  5,109  4,140  2,287  4,150 
Less: Short-term investments 803  296  319  258  1,234  384 
Enterprise value (EV) 49,156  46,728  53,377  24,274  22,867  37,534 

Based on: 10-K (filing date: 2019-10-17), 10-K (filing date: 2018-10-15), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-27), 10-K (filing date: 2014-10-27).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Micron Technology Inc.’s Annual Report.

3 2019 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 45.50 × 1,107,050,823

1 Data adjusted for splits and stock dividends.
2

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Micron Technology Inc.’s EV decreased from 2017 to 2018 but then slightly increased from 2018 to 2019.