Enterprise Value (EV)
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Micron Technology Inc. pages available for free this week:
- Balance Sheet: Assets
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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Current Enterprise Value (EV)
Micron Technology Inc., current enterprise value calculation
| Current share price (P) | |
| No. shares of common stock outstanding | |
| US$ in millions | |
| Common equity (market value)1 | |
| Add: Noncontrolling interest in subsidiary (per books) | |
| Total equity | |
| Add: Current debt (per books) | |
| Add: Long-term debt (per books) | |
| Total equity and debt | |
| Less: Cash and equivalents | |
| Less: Short-term investments | |
| Enterprise value (EV) | |
Based on: 10-K (reporting date: 2024-08-29).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
Historical Enterprise Value (EV)
Micron Technology Inc., EV calculation
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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Micron Technology Inc. Annual Report.
3 2024 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= ×
- Common Equity (Market Value) and Total Equity
- The common equity, measured at market value, exhibited a general upward trend over the examined periods. Beginning at 50,371 million US dollars in August 2019, it increased steadily, reaching 78,438 million US dollars in September 2021. There was a notable decline to 57,522 million US dollars in September 2022, followed by a recovery to 76,818 million US dollars in August 2023 and a further significant rise to 113,369 million US dollars by August 2024. This pattern is mirrored exactly by total equity values, indicating these figures are reported consistently without divergence between common equity and total equity.
- Total Equity and Debt
- Total equity and debt figures reveal a similar cyclical yet overall upward movement. Starting at 57,111 million US dollars in August 2019, the amount increased to 85,214 million US dollars by September 2021. This was followed by a decrease to 64,428 million US dollars in September 2022. Subsequently, the total equity and debt rose markedly to 90,148 million US dollars in August 2023 and again to 126,766 million US dollars in August 2024. The peak values in the latest period indicate an expansion in the company’s capital structure, possibly from higher borrowing or equity issuance.
- Enterprise Value (EV)
- Enterprise value follows a trajectory consistent with other financial metrics: increasing from 49,156 million US dollars in August 2019 to 76,581 million US dollars in September 2021, descending to 55,097 million US dollars in September 2022, then rising again to 80,554 million US dollars in August 2023, and climbing further to 118,660 million US dollars in August 2024. These fluctuations suggest varying market conditions affecting valuation and company performance, with the recent substantial increase indicating enhanced market capitalization or perceived enterprise worth.
- Summary of Trends and Insights
- Over the six-year span, the company experiences substantial growth in equity and enterprise value, especially notable in the latest year. The dip in 2022 across all major financial figures may reflect temporary challenges or market conditions impacting valuation and capital structure. The recovery and subsequent growth suggest strategic initiatives, improved performance, or favorable market dynamics post-2022. The parity between common equity and total equity implies no significant preferred equity or minority interest impact during the period. The expanding total equity and debt levels point to an increased use of leverage or capital injection, aligning with the observed rise in enterprise value. Overall, the data portrays a company with growing financial strength, punctuated by a brief period of contraction before renewed expansion.