Micron Technology Inc. MU

Name: MU Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored March 14, 2026

Price at analysis: $367.65

Crucible Score

57.4

Quality × Value Composite

KQI — Quality

64.7

B-

Fundamental Quality Index

KVI — Value

48.5

D+

Valuation Attractiveness Index

Crucible Verdict — MU

Micron Technology Inc. (MU) shows solid fundamentals with strong Financial Quality (76) and Market Position (76) scores, but trades at fair value with limited upside potential. The memory chipmaker's biggest weakness lies in poor Diversification & Resilience (47), making MU vulnerable to cyclical downturns despite CEO Mehrotra's strong track record. Investors should monitor memory pricing cycles for entry opportunities.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

76.2

Growth Profile

67.8

Moat Durability

49.9

Management Effectiveness

70.0

Diversification & Resilience

47.2

Market Position

76.0

Weakest dimension: Diversification & Resilience (47.2)

◆ KVI Value Dimensions

DCF Margin of Safety

44.8

FCF Yield & Cash Returns

45.7

Relative Valuation

78.9

Growth-Adjusted Value

17.1

Historical Valuation

50.0

Macro Context

87.0

◆ DCF Valuation Scenarios

Bear Case

$198.42

Base Case

$372.18

Bull Case

$588.75

Price at Analysis

$367.65

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$198.42	6.0%	22.0%	12.8%
🟢 Base	$372.18	10.0%	27.0%	12.3%
🟢 Bull	$588.75	14.0%	32.0%	11.8%

Key Assumptions: WACC derived using CAPM with 4.39% risk-free rate, 1.54 beta, and 5.5% ERP (base), yielding ~12.3% base WACC; bear/bull shift WACC by ~50bps. Capex intensity anchored at ~38% of revenue reflecting MU's heavy fab investment cycle (historical range 35-42%). Operating margins mean-revert from the cyclical peak of 31.5% toward a sustainable mid-cycle range of 22-32%, recognizing HBM/AI tailwinds in the bull case and potential DRAM/NAND oversupply risk in the bear case.

◆ Financial Snapshot

Profitability

Gross Margin45.3%

Operating Margin32.7%

Net Margin28.1%

ROIC10.0%

ROE12.8%

Balance Sheet

Balance SheetCR: 2.46

Cash ConversionFCF/EPS: 1.00x

Capital IntensityCapex/Rev: 42.4%

Altman Z-Score12.22 (Safe)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR7.8% CAGR

Earnings CAGR9.9% CAGR

Growth ConsistencyCV: 1.87

Segment Breadth2/2 growing (100%)

Quarterly TrendRev↑, Margin↑

Earnings CredibilityConsistent Beater

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOSanjay Mehrotra · 9 years

CEO Ownership< 1%

Compensation99% performance-based

Insider ActivityStrong Buying

Capital AllocationROIC 10.0% vs WACC 2.5%

Earnings Beat Rate95% (20/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 14, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.