Analog Devices, Inc. (ADI) vs Micron Technology, Inc. (MU)

Analog Devices, Inc. and Micron Technology, Inc. are both Semiconductors companies. Micron Technology, Inc. is the larger, with a market value of $1.05T against $195.7B — 5.4× the size. Micron Technology, Inc. trades at the lower P/E: 12.4× against 47.7×. Micron Technology, Inc. grew revenue faster over the last twelve months: 256.3% against 33.7%. Micron Technology, Inc. has the higher net margin (63.8% vs 29.8%) and the higher return on invested capital (62.0% vs 7.84%). Only Micron Technology, Inc. pays a dividend (0.06%). Across the 23 metrics below, Micron Technology, Inc. leads on 22 and Analog Devices, Inc. on 1.

Valuation

Metric ADI MU Semiconductors median
P/E 47.69 12.37 47.02
P/S 14.14 7.88 7.87
P/B 5.85 7.58 4.92
Price to free cash flow 39.76 17.80 49.11
EV/EBITDA 29.27 9.29 29.43
EV/Sales 14.56 7.59 7.59
Earnings yield 2.10% 8.09% 0.70%
Free cash flow yield 2.51% 5.62% 0.63%

Profitability

Metric ADI MU Semiconductors median
Gross margin 65.80% 80.72% 52.28%
Operating margin 35.55% 74.59% 4.76%
Net margin 29.79% 63.80% 4.26%
Free cash flow margin 35.57% 44.27% 8.47%
Return on equity 12.23% 88.26% 2.59%
Return on assets 8.56% 60.98% 1.78%
Return on invested capital 7.84% 62.01% 2.27%

Growth

Metric ADI MU Semiconductors median
Revenue growth (TTM) 33.65% 256.33% 16.92%
EPS growth (last fiscal year) 39.02% 879.31% 27.17%
Revenue growth, 5-year CAGR 14.49% 36.89% 5.83%
Net income growth, 5-year CAGR 13.18% 70.71% 0.00%

Health

Metric ADI MU Semiconductors median
Debt to equity 0.24 0.04 0.05
Current ratio 1.25 3.31 3.28
Net debt to EBITDA 0.91 (0.35) 0.58

Dividend

Metric ADI MU Semiconductors median
Dividend yield 0.00% 0.06% 1.16%
Payout ratio 0.00 0.01 0.40

Size

Metric ADI MU Semiconductors median
Market cap 195.74b 1.05t 5.41b

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