| Intrinsic Valuation of: MU | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 21 | Market Cap | $817B | |||||
| 2021 | - | - (-) | P/E Ratio | 34 | Total Asset | $83B | |||||
| 2022 | $3B | - (-) | Net Income | $9B | Total Debt | $12B | |||||
| 2023 | $-6B | -296.4% (-488.8%) | EBITDA | $18B | Total Liab | $29B | |||||
| 2024 | $121M | 102.0% (101.2%) | Opr Margin | 26.24 | Debt/Equity | 0.21 | |||||
| 2025 | $2B | 1278.5% (826.1%) | PreTax Margin | 24.97 | BV/Share | 47 | |||||
| 5Y Average FCF | $-304M | 15.0% (146.2%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.48% | Historical US Bond Yield: | 4.40% | ||||||||
| Discount Rate (WACC): | 13.89% | Current US Bond Yield: | 3.48% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (15.0%) | ||||||||||
| 2026 | $2B | MBG Intrinsic Value | $191 | ||||||||
| 2027 | $2B | ||||||||||
| 2028 | $2B | ||||||||||
| 2029 | $3B | ||||||||||
| 2030 | $3B | ||||||||||
| 2031 | $3B | ||||||||||
| Terminal Value | $24B | Net Worth/Share | $48 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $20B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $10B | $16 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $12B | WACC | 11.9% | 19 | 20 | 20 | 21 | 22 | |||
| Equity Value | $18B | 12.4% | 18 | 18 | 19 | 20 | 21 | ||||
| Shares Outstanding | 1,127,734,051 | 12.9% | 17 | 17 | 18 | 19 | 19 | ||||
| 13.5% | 16 | 17 | 17 | 18 | 18 | ||||||
| DCF Intrinsic Value | $16 | 14.0% | 15 | 16 | 16 | 17 | 17 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||