Micron Technology Net Income vs. Price To Sales

MU Stock  USD 98.24  3.82  3.74%   
Based on the key profitability measurements obtained from Micron Technology's financial statements, Micron Technology may not be well positioned to generate adequate gross income at this time. It has a very high probability of underperforming in January. Profitability indicators assess Micron Technology's ability to earn profits and add value for shareholders.
 
Net Income  
First Reported
1988-11-30
Previous Quarter
332 M
Current Value
887 M
Quarterly Volatility
936 M
 
Oil Shock
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
At this time, Micron Technology's Price To Sales Ratio is comparatively stable compared to the past year. EV To Sales is likely to gain to 5.26 in 2024, whereas Days Of Sales Outstanding is likely to drop 57.38 in 2024. At this time, Micron Technology's Operating Income is comparatively stable compared to the past year. Income Before Tax is likely to gain to about 1.4 B in 2024, despite the fact that Net Loss is likely to grow to (6.4 B).
For Micron Technology profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Micron Technology to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Micron Technology utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Micron Technology's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Micron Technology over time as well as its relative position and ranking within its peers.
  

Micron Technology's Revenue Breakdown by Earning Segment

Check out Correlation Analysis.
For more information on how to buy Micron Stock please use our How to Invest in Micron Technology guide.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Micron Technology. If investors know Micron will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Micron Technology listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.43)
Dividend Share
0.46
Earnings Share
0.7
Revenue Per Share
22.725
Quarterly Revenue Growth
0.933
The market value of Micron Technology is measured differently than its book value, which is the value of Micron that is recorded on the company's balance sheet. Investors also form their own opinion of Micron Technology's value that differs from its market value or its book value, called intrinsic value, which is Micron Technology's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Micron Technology's market value can be influenced by many factors that don't directly affect Micron Technology's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Micron Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Micron Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Micron Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Micron Technology Price To Sales vs. Net Income Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Micron Technology's current stock value. Our valuation model uses many indicators to compare Micron Technology value to that of its competitors to determine the firm's financial worth.
Micron Technology is rated below average in net income category among its peers. It is rated below average in price to sales category among its peers . The ratio of Net Income to Price To Sales for Micron Technology is about  171,834,968 . At this time, Micron Technology's Net Income is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Micron Technology by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Micron Price To Sales vs. Net Income

Net income is the profit of a company for the reporting period, which is derived after taking revenues and gains and subtracting all expenses and losses. Net income is one of the most-watched numbers by money managers as well as individual investors.

Micron Technology

Net Income

 = 

(Rev + Gain)

-

(Exp + Loss)

 = 
778 M
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
Price to Sales ratio is typically used for valuing equity relative to its own past performance as well as to performance of other companies or market indexes. In most cases, the lower the ratio, the better it is for investors. However, it is advisable for investors to exercise caution when looking at price-to-sales ratios across different industries.

Micron Technology

P/S

 = 

MV Per Share

Revenue Per Share

 = 
4.53 X
The most critical factor to remember is that the price of equity takes a firm's debt into account, whereas the sales indicators do not consider financial leverage. Generally speaking, Price to Sales ratio shows how much market values every dollar of the company's sales.

Micron Price To Sales Comparison

Micron Technology is currently under evaluation in price to sales category among its peers.

Micron Technology Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Micron Technology, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Micron Technology will eventually generate negative long term returns. The profitability progress is the general direction of Micron Technology's change in net profit over the period of time. It can combine multiple indicators of Micron Technology, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income-134 M-140.7 M
Operating Income1.3 B1.4 B
Income Before Tax1.2 B1.4 B
Total Other Income Expense Net-64 M-60.8 M
Net Income778 M1.3 B
Income Tax Expense451 M473.6 M
Net Loss-6.7 B-6.4 B
Net Income From Continuing Ops778 M739.1 M
Non Operating Income Net Other55.8 M92.1 M
Interest Income529 M555.5 M
Net Interest Income-33 M-34.6 M
Change To Netincome2.9 B3.1 B
Net Loss 0.70 (5.34)
Income Quality 10.93 (0.27)
Net Income Per E B T 0.63  1.03 

Micron Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Micron Technology. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Micron Technology position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Micron Technology's important profitability drivers and their relationship over time.

Use Micron Technology in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Micron Technology position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Micron Technology will appreciate offsetting losses from the drop in the long position's value.

Micron Technology Pair Trading

Micron Technology Pair Trading Analysis

The ability to find closely correlated positions to Micron Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Micron Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Micron Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Micron Technology to buy it.
The correlation of Micron Technology is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Micron Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Micron Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Micron Technology can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Micron Technology position

In addition to having Micron Technology in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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Video Games
Video Games Theme
Companies that are involved in the building and marketing of video games or gaming software. The Video Games theme has 24 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Video Games Theme or any other thematic opportunities.
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Additional Tools for Micron Stock Analysis

When running Micron Technology's price analysis, check to measure Micron Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Micron Technology is operating at the current time. Most of Micron Technology's value examination focuses on studying past and present price action to predict the probability of Micron Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Micron Technology's price. Additionally, you may evaluate how the addition of Micron Technology to your portfolios can decrease your overall portfolio volatility.