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← @eldaminato

$MU

BEARISH2026-07-17
Price around the call
↓ 2026-07-17
By horizonMaturing · ~15 trading days to go
1d
✗ +11.3%
5d
…
21d
…
Original post
Damian Brik · 2026-07-17

Así se ve el P/E de $MU pero en lugar de usar el Forward (que implica que se cumplan las estimaciones del consenso), usamos el LTM que son los resultados reales que tuvo la compañía en los últimos 4 trimestres. Notar que hubo momentos desde el 2015 a esta parte donde el P/E LTM era negativo porque $MU tenía pérdidas en la última línea. Esa parte baja del ciclo generaba margen bruto negativo del 9% con pérdida neta. LTM $MU tiene un margen operativo del 72.6% (Agosto del 2025 fue del 44.7%, saltó al 56% en Noviembre, pasó al 74.4% en Febrero 2026 y del 84.6% el último trimestre cerrado en Mayo). Para el próximo trimestre la empresa guió margen bruto del 86%. En color naranja podemos ver el resultado neto trimestral. Claramente esta etapa aparenta bastante diferente a los ciclos anterior

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