MU vs TSM

$TSM vs $MU — ACCE Verdict

$TSM wins this matchup, and the data makes the case cleanly.

$TSM carries an ACCE score of 89/100 versus $MU's 82/100, with a perfect Quality score of 100 compared to $MU's 96. The standout figure: $TSM's FCF yield of 45.8%, which is extraordinary for a $2.40T market-cap company and signals genuine cash generation, not just accounting profit. A 46.5% net margin and 0.19 debt-to-equity ratio round out a fortress balance sheet.

$MU's story is harder to dismiss — a 1Y return of +830.9%, ROE of 39.8%, and a forward P/E of just 10.5x suggest the market is pricing in a sharp earnings recovery. Revenue grew 196.3% and earnings grew 756.0% year-over-year, which is explosive. But the trailing P/E of 53.4x, EV/EBITDA of 34.41, and Value score of just 34/100 reflect how much of that recovery is already priced in. The analyst target of $945.60 sits below $MU's current price of $1,133.99 — a rare red flag.

$TSM trades near its analyst target of $473.40 at $462.12, offers a more defensible valuation at 29.7x forward earnings, and generates cash at a scale $MU cannot match today. $TSM is the cleaner long.