LAM RESEARCH CORP (1LRCX.MI) Fundamental Analysis & Valuation

BIT:1LRCX • US5128073062

Current stock price

230.85 EUR
+6.9 (+3.08%)
Last:

This 1LRCX.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

9

1. 1LRCX.MI Profitability Analysis

1.1 Basic Checks

  • In the past year 1LRCX was profitable.
  • 1LRCX had a positive operating cash flow in the past year.
  • 1LRCX had positive earnings in each of the past 5 years.
  • In the past 5 years 1LRCX always reported a positive cash flow from operatings.
1LRCX.MI Yearly Net Income VS EBIT VS OCF VS FCF1LRCX.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B

1.2 Ratios

  • Looking at the Return On Assets, with a value of 32.26%, 1LRCX belongs to the top of the industry, outperforming 95.45% of the companies in the same industry.
  • 1LRCX's Return On Equity of 63.38% is amongst the best of the industry. 1LRCX outperforms 93.94% of its industry peers.
  • 1LRCX has a Return On Invested Capital of 42.45%. This is amongst the best in the industry. 1LRCX outperforms 92.42% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1LRCX is significantly above the industry average of 14.97%.
  • The last Return On Invested Capital (42.45%) for 1LRCX is above the 3 year average (31.47%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 32.26%
ROE 63.38%
ROIC 42.45%
ROA(3y)23.18%
ROA(5y)24.18%
ROE(3y)51.37%
ROE(5y)58.46%
ROIC(3y)31.47%
ROIC(5y)32.89%
1LRCX.MI Yearly ROA, ROE, ROIC1LRCX.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • The Profit Margin of 1LRCX (30.94%) is better than 84.85% of its industry peers.
  • In the last couple of years the Profit Margin of 1LRCX has grown nicely.
  • Looking at the Operating Margin, with a value of 34.26%, 1LRCX belongs to the top of the industry, outperforming 81.82% of the companies in the same industry.
  • 1LRCX's Operating Margin has improved in the last couple of years.
  • 1LRCX's Gross Margin of 49.98% is in line compared to the rest of the industry. 1LRCX outperforms 48.48% of its industry peers.
  • 1LRCX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 34.26%
PM (TTM) 30.94%
GM 49.98%
OM growth 3Y0.81%
OM growth 5Y3.76%
PM growth 3Y2.83%
PM growth 5Y5.33%
GM growth 3Y2.15%
GM growth 5Y1.2%
1LRCX.MI Yearly Profit, Operating, Gross Margins1LRCX.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10 20 30 40

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6

2. 1LRCX.MI Health Analysis

2.1 Basic Checks

  • 1LRCX has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, 1LRCX has less shares outstanding
  • Compared to 5 years ago, 1LRCX has less shares outstanding
  • The debt/assets ratio for 1LRCX has been reduced compared to a year ago.
1LRCX.MI Yearly Shares Outstanding1LRCX.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B
1LRCX.MI Yearly Total Debt VS Total Assets1LRCX.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B 20B

2.2 Solvency

  • The Debt to FCF ratio of 1LRCX is 0.62, which is an excellent value as it means it would take 1LRCX, only 0.62 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.62, 1LRCX is in the better half of the industry, outperforming 72.73% of the companies in the same industry.
  • A Debt/Equity ratio of 0.35 indicates that 1LRCX is not too dependend on debt financing.
  • The Debt to Equity ratio of 1LRCX (0.35) is worse than 63.64% of its industry peers.
  • Although 1LRCX's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 0.62
Altman-Z N/A
ROIC/WACC3.3
WACC12.88%
1LRCX.MI Yearly LT Debt VS Equity VS FCF1LRCX.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B

2.3 Liquidity

  • 1LRCX has a Current Ratio of 2.54. This indicates that 1LRCX is financially healthy and has no problem in meeting its short term obligations.
  • The Current ratio of 1LRCX (2.54) is comparable to the rest of the industry.
  • A Quick Ratio of 1.77 indicates that 1LRCX should not have too much problems paying its short term obligations.
  • 1LRCX has a Quick ratio (1.77) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 2.54
Quick Ratio 1.77
1LRCX.MI Yearly Current Assets VS Current Liabilites1LRCX.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B

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8

3. 1LRCX.MI Growth Analysis

3.1 Past

  • 1LRCX shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 46.80%, which is quite impressive.
  • The Earnings Per Share has been growing by 21.02% on average over the past years. This is a very strong growth
  • 1LRCX shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.53%.
  • Measured over the past years, 1LRCX shows a quite strong growth in Revenue. The Revenue has been growing by 12.91% on average per year.
EPS 1Y (TTM)46.8%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%40.38%
Revenue 1Y (TTM)26.53%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%23.76%

3.2 Future

  • 1LRCX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.46% yearly.
  • Based on estimates for the next years, 1LRCX will show a quite strong growth in Revenue. The Revenue will grow by 16.48% on average per year.
EPS Next Y30.91%
EPS Next 2Y30.83%
EPS Next 3Y25.29%
EPS Next 5Y21.46%
Revenue Next Year23.39%
Revenue Next 2Y24.38%
Revenue Next 3Y20.65%
Revenue Next 5Y16.48%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
1LRCX.MI Yearly Revenue VS Estimates1LRCX.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 10B 20B 30B
1LRCX.MI Yearly EPS VS Estimates1LRCX.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2 4 6 8 10

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3

4. 1LRCX.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 50.74 indicates a quite expensive valuation of 1LRCX.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1LRCX is on the same level as its industry peers.
  • When comparing the Price/Earnings ratio of 1LRCX to the average of the S&P500 Index (26.51), we can say 1LRCX is valued expensively.
  • Based on the Price/Forward Earnings ratio of 38.12, the valuation of 1LRCX can be described as expensive.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of 1LRCX is on the same level as its industry peers.
  • 1LRCX's Price/Forward Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 21.41.
Industry RankSector Rank
PE 50.74
Fwd PE 38.12
1LRCX.MI Price Earnings VS Forward Price Earnings1LRCX.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1LRCX indicates a slightly more expensive valuation: 1LRCX is more expensive than 69.70% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1LRCX is valued a bit cheaper than 60.61% of the companies in the same industry.
Industry RankSector Rank
P/FCF 56.18
EV/EBITDA 42.86
1LRCX.MI Per share data1LRCX.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 5 10

4.3 Compensation for Growth

  • 1LRCX's PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • 1LRCX has an outstanding profitability rating, which may justify a higher PE ratio.
  • 1LRCX's earnings are expected to grow with 25.29% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.64
PEG (5Y)2.41
EPS Next 2Y30.83%
EPS Next 3Y25.29%

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4

5. 1LRCX.MI Dividend Analysis

5.1 Amount

  • With a yearly dividend of 0.40%, 1LRCX is not a good candidate for dividend investing.
  • Compared to an average industry Dividend Yield of 0.50, 1LRCX has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.80, 1LRCX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.4%

5.2 History

  • The dividend of 1LRCX is nicely growing with an annual growth rate of 14.54%!
Dividend Growth(5Y)14.54%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

  • 1LRCX pays out 18.49% of its income as dividend. This is a sustainable payout ratio.
  • 1LRCX's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP18.49%
EPS Next 2Y30.83%
EPS Next 3Y25.29%
1LRCX.MI Yearly Income VS Free CF VS Dividend1LRCX.MI Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B 5B
1LRCX.MI Dividend Payout.1LRCX.MI Dividend Payout, showing the Payout Ratio.1LRCX.MI Dividend Payout.PayoutRetained Earnings

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1LRCX.MI Fundamentals: All Metrics, Ratios and Statistics

LAM RESEARCH CORP

BIT:1LRCX (4/24/2026, 7:00:00 PM)

230.85

+6.9 (+3.08%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Industry Strength100
Industry Growth73.29
Earnings (Last)04-22
Earnings (Next)07-28
Inst Owners89.05%
Inst Owner ChangeN/A
Ins Owners0.26%
Ins Owner ChangeN/A
Market Cap288.28B
Revenue(TTM)21.68B
Net Income(TTM)6.71B
Analysts80
Price Target273.82 (18.61%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.4%
Yearly Dividend0.76
Dividend Growth(5Y)14.54%
DP18.49%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)5.67%
Min EPS beat(2)4.93%
Max EPS beat(2)6.41%
EPS beat(4)4
Avg EPS beat(4)5.06%
Min EPS beat(4)1.09%
Max EPS beat(4)7.79%
EPS beat(8)8
Avg EPS beat(8)4.18%
EPS beat(12)12
Avg EPS beat(12)5.59%
EPS beat(16)16
Avg EPS beat(16)6.41%
Revenue beat(2)0
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-0.91%
Max Revenue beat(2)-0.28%
Revenue beat(4)1
Avg Revenue beat(4)-0.05%
Min Revenue beat(4)-0.91%
Max Revenue beat(4)1.22%
Revenue beat(8)2
Avg Revenue beat(8)-0.11%
Revenue beat(12)4
Avg Revenue beat(12)-0.11%
Revenue beat(16)7
Avg Revenue beat(16)0.56%
PT rev (1m)16.17%
PT rev (3m)71.92%
EPS NQ rev (1m)15.97%
EPS NQ rev (3m)32.32%
EPS NY rev (1m)0.03%
EPS NY rev (3m)8.53%
Revenue NQ rev (1m)10.68%
Revenue NQ rev (3m)21.33%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)5.67%
Valuation
Industry RankSector Rank
PE 50.74
Fwd PE 38.12
P/S 15.56
P/FCF 56.18
P/OCF 48.51
P/B 31.87
P/tB 38.76
EV/EBITDA 42.86
EPS(TTM)4.55
EY1.97%
EPS(NY)6.06
Fwd EY2.62%
FCF(TTM)4.11
FCFY1.78%
OCF(TTM)4.76
OCFY2.06%
SpS14.84
BVpS7.24
TBVpS5.96
PEG (NY)1.64
PEG (5Y)2.41
Graham Number27.2312 (-88.2%)
Profitability
Industry RankSector Rank
ROA 32.26%
ROE 63.38%
ROCE 47.77%
ROIC 42.45%
ROICexc 61.12%
ROICexgc 74.02%
OM 34.26%
PM (TTM) 30.94%
GM 49.98%
FCFM 27.7%
ROA(3y)23.18%
ROA(5y)24.18%
ROE(3y)51.37%
ROE(5y)58.46%
ROIC(3y)31.47%
ROIC(5y)32.89%
ROICexc(3y)52.82%
ROICexc(5y)54.36%
ROICexgc(3y)66.54%
ROICexgc(5y)68.82%
ROCE(3y)35.41%
ROCE(5y)37.02%
ROICexgc growth 3Y7.04%
ROICexgc growth 5Y0.35%
ROICexc growth 3Y5.47%
ROICexc growth 5Y4.28%
OM growth 3Y0.81%
OM growth 5Y3.76%
PM growth 3Y2.83%
PM growth 5Y5.33%
GM growth 3Y2.15%
GM growth 5Y1.2%
F-Score9
Asset Turnover1.04
Health
Industry RankSector Rank
Debt/Equity 0.35
Debt/FCF 0.62
Debt/EBITDA 0.48
Cap/Depr 225.96%
Cap/Sales 4.38%
Interest Coverage 250
Cash Conversion 88.62%
Profit Quality 89.51%
Current Ratio 2.54
Quick Ratio 1.77
Altman-Z N/A
F-Score9
WACC12.88%
ROIC/WACC3.3
Cap/Depr(3y)151.1%
Cap/Depr(5y)146.11%
Cap/Sales(3y)3.22%
Cap/Sales(5y)3.04%
Profit Quality(3y)105.3%
Profit Quality(5y)90.85%
High Growth Momentum
Growth
EPS 1Y (TTM)46.8%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%40.38%
EPS Next Y30.91%
EPS Next 2Y30.83%
EPS Next 3Y25.29%
EPS Next 5Y21.46%
Revenue 1Y (TTM)26.53%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%23.76%
Revenue Next Year23.39%
Revenue Next 2Y24.38%
Revenue Next 3Y20.65%
Revenue Next 5Y16.48%
EBIT growth 1Y40.38%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year38.31%
EBIT Next 3Y27.92%
EBIT Next 5Y10.27%
FCF growth 1Y32.32%
FCF growth 3Y28.47%
FCF growth 5Y23%
OCF growth 1Y41.57%
OCF growth 3Y25.82%
OCF growth 5Y23.76%

LAM RESEARCH CORP / 1LRCX.MI Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for LAM RESEARCH CORP?

ChartMill assigns a fundamental rating of 7 / 10 to 1LRCX.MI.


What is the valuation status of LAM RESEARCH CORP (1LRCX.MI) stock?

ChartMill assigns a valuation rating of 3 / 10 to LAM RESEARCH CORP (1LRCX.MI). This can be considered as Overvalued.


How profitable is LAM RESEARCH CORP (1LRCX.MI) stock?

LAM RESEARCH CORP (1LRCX.MI) has a profitability rating of 9 / 10.


What are the PE and PB ratios of LAM RESEARCH CORP (1LRCX.MI) stock?

The Price/Earnings (PE) ratio for LAM RESEARCH CORP (1LRCX.MI) is 50.74 and the Price/Book (PB) ratio is 31.87.


Can you provide the financial health for 1LRCX stock?

The financial health rating of LAM RESEARCH CORP (1LRCX.MI) is 6 / 10.