Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Micron Technology Inc. (NASDAQ: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) $50.70
No. shares of common stock outstanding 1,110,998,472
US$ in millions
Common equity (market value)1 56,328 
Add: Noncontrolling interests in subsidiaries (per books) 889 
Total equity 57,217 
Add: Current debt (per books) 1,310 
Add: Long-term debt (per books) 4,541 
Total equity and debt 63,068 
Less: Cash and equivalents 7,152 
Less: Short-term investments 803 
Enterprise value (EV) 55,113 

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

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 50.70 × 1,110,998,472

Historical Enterprise Value (EV)

Micron Technology Inc., EV calculation

Microsoft Excel LibreOffice Calc
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

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.