# Micron CDR (CAD Hedged) (MU.TO) fundamentals

Data as of 2026-11-04. TSX, Canada. Sector: Technology / Semiconductors & Chip Equipment. Price C$37.41, market value C$249.1 billion.

## Valuation
- **P/E (trailing): 11.8×**. Micron CDR (CAD Hedged) trades at 11.8× trailing earnings. The Technology median in the September 2026 study was 32.1×.
- **Price / sales: 1.9×**. Each dollar of revenue is priced at 1.9×.
- **Price / book: 6.8×**. The shares trade at 6.8× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **EV / EBITDA: 1.9×**. Enterprise value is 1.9× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: 23.7%**. Free cash flow equals 23.7% of the market value. Above 5% is generally attractive.
- **Earnings yield: 8.4%**. The inverse of the P/E: 8.4% of the price is earned each year.

## Profitability
- **Gross margin: 80.7%**. Micron CDR (CAD Hedged) keeps 80.7% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 74.6%**. 74.6% of revenue is left after running the business, an exceptional level.
- **Net margin: 63.8%**. 63.8% of each dollar of sales reaches the bottom line.
- **Return on equity: 61.4%**. A 61.4% return on equity is extremely high; check whether buybacks or debt have shrunk the equity base, which flatters the ratio.
- **Return on invested capital: 84.5%**. Return on all capital, debt included, is 84.5%: comfortably above what that capital costs.
- **Return on assets: 43.4%**. Each dollar of assets produces 43.4% of profit.

## Growth
- **Revenue growth (1 yr): 256.3%** (3-yr 104.6%/yr). Revenue grew 256.3% over the last year.

## Financial health
- **Debt to equity: 0.04**. Debt is 0.04 times equity: a conservative balance sheet.
- **Net debt / EBITDA: net cash**. Micron CDR (CAD Hedged) holds more cash than debt.
- **Current ratio: 3.31** (quick 2.94). Current assets cover the next year's liabilities 3.31 times.
- **Altman Z-score: 6.42**. A Z-score of 6.42 places the company in the safe zone for bankruptcy risk.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend: none**. Micron CDR (CAD Hedged) does not currently pay a dividend.

## Price and momentum
- **Total return (1 yr): 284.8%** (YTD 203.6%, 3-mo 7.0%). The shares are up 284.8% over twelve months including dividends.
- **From 52-week high: -32.4%** (333.6% above the low). Trading 32% below its 52-week high, deep in a drawdown.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 42**. An RSI of 42 is neutral.
- **Beta (1 yr): 1.80** (volatility 82%). Beta of 1.80 against the S&P/TSX Composite: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=MU.TO · Page: https://foliofundamentals.com/stocks/mu.to

Not investment advice.