MU Micron Technology
too hard · 44
Owner-earnings value$243.63
Price$1,029.00
Margin of safety
-76.3%
Quality gate · 44/100
⚠ sub-hurdle returns (median roic 8% < 9%)
Median ROIC8.2%
Gross margin72.6%
Net debt / EBITDA0.1x
FCF conversion-10%
Share count / yr+0.9%
Profitable years3/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 26.17B |
| Owner-earnings yield | 2.2% |
| Free-cash-flow yield | 2.2% |
| Growth used (normalized) | 6.7% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 14.2% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 27.93B | 6.7% | 24.45B |
| 2 | 29.69B | 6.3% | 22.75B |
| 3 | 31.44B | 5.9% | 21.08B |
| 4 | 33.16B | 5.5% | 19.47B |
| 5 | 34.84B | 5.1% | 17.90B |
| 6 | 36.46B | 4.7% | 16.40B |
| 7 | 38.00B | 4.2% | 14.96B |
| 8 | 39.46B | 3.8% | 13.60B |
| 9 | 40.80B | 3.4% | 12.31B |
| 10 | 42.03B | 3.0% | 11.10B |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 7%.