| Intrinsic Valuation of: MU | |||||||||||
| Free Cash Flow Average and Growth over past 5Y | Key Statistics | ||||||||||
| Year | FCF | FCF (FCF/Revenue) | |||||||||
| 2020 | - | - | EPS (FY) | 5 | Market Cap | $138B | |||||
| 2021 | - | - (-) | P/E Ratio | 22 | Total Asset | $69B | |||||
| 2022 | $2B | - (-) | Net Income | $778M | Total Debt | $11B | |||||
| 2023 | $3B | 27.7% (15.0%) | EBITDA | $10B | Total Liab | $24B | |||||
| 2024 | $-6B | -296.4% (-488.8%) | Opr Margin | 0.05 | Debt/Equity | 0.25 | |||||
| 2025 | $121M | 102.0% (101.2%) | PreTax Margin | 2.72 | BV/Share | 39 | |||||
| 5Y Average FCF | $-111M | -55.6% (-124.2%) | |||||||||
| Overall Market Assumptions: | |||||||||||
| Assumptions: | P/E for No-Growth Company: | 7.0 | |||||||||
| Perpetual Growth Rate (g): | 2.5% | Historical US Bond Yield: | 4.4% | ||||||||
| Discount Rate (WACC): | 7.4% | Current US Bond Yield: | 3.5% | ||||||||
| Forcasting Future Free Cash Flow for next 6Y | Modified Benjamin Graham's Intrinsic Value | ||||||||||
| Year | FCF Projection (4.0%) | ||||||||||
| 2026 | $126M | MBG Intrinsic Value | $49 | ||||||||
| 2027 | $131M | ||||||||||
| 2028 | $136M | ||||||||||
| 2029 | $142M | ||||||||||
| 2030 | $147M | ||||||||||
| 2031 | $153M | ||||||||||
| Terminal Value | $3B | Net Worth/Share | $40 | ||||||||
| DCF Valuation | DCF Valuation "What If" Scenario Table | ||||||||||
| Enterprise Value | $3B | Growth Rate | |||||||||
| (+) Cash & Cash Equivalents | $7B | $-1 | 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | ||||
| (-) Total Debt | $11B | WACC | 7.3% | -2 | -1 | -1 | -1 | -1 | |||
| Equity Value | $-1B | 7.4% | -2 | -1 | -1 | -1 | -1 | ||||
| Shares Outstanding | 1,119,129,984 | 7.4% | -2 | -1 | -1 | -1 | -1 | ||||
| 7.9% | -2 | -2 | -2 | -1 | -1 | ||||||
| DCF Intrinsic Value | $-1 | 8.4% | -2 | -2 | -2 | -2 | -1 | ||||
| Analyzed by QuantJuice (2025) | |||||||||||