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

BIT:1LRCX • US5128073062

211.8 EUR
+13.22 (+6.66%)
Last: Feb 25, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

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

Fundamental Rating

7

We assign a fundamental rating of 7 out of 10 to 1LRCX. 1LRCX was compared to 64 industry peers in the Semiconductors & Semiconductor Equipment industry. 1LRCX has an excellent profitability rating, but there are some minor concerns on its financial health. 1LRCX is valued quite expensive, but it does show an excellent growth. This makes 1LRCX very considerable for growth investing!


Dividend Valuation Growth Profitability Health

9

1. 1LRCX.MI Profitability Analysis

1.1 Basic Checks

  • 1LRCX had positive earnings in the past year.
  • In the past year 1LRCX had a positive cash flow from operations.
  • 1LRCX had positive earnings in each of the past 5 years.
  • Each year in the past 5 years 1LRCX had a positive operating cash flow.
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

  • With an excellent Return On Assets value of 29.05%, 1LRCX belongs to the best of the industry, outperforming 95.31% of the companies in the same industry.
  • With an excellent Return On Equity value of 61.24%, 1LRCX belongs to the best of the industry, outperforming 93.75% of the companies in the same industry.
  • 1LRCX has a Return On Invested Capital of 40.64%. This is amongst the best in the industry. 1LRCX outperforms 96.88% of its industry peers.
  • The Average Return On Invested Capital over the past 3 years for 1LRCX is significantly above the industry average of 15.14%.
  • The 3 year average ROIC (31.47%) for 1LRCX is below the current ROIC(40.64%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 29.05%
ROE 61.24%
ROIC 40.64%
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

  • With an excellent Profit Margin value of 30.22%, 1LRCX belongs to the best of the industry, outperforming 87.50% of the companies in the same industry.
  • 1LRCX's Profit Margin has improved in the last couple of years.
  • With an excellent Operating Margin value of 33.76%, 1LRCX belongs to the best of the industry, outperforming 82.81% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 1LRCX has grown nicely.
  • 1LRCX's Gross Margin of 49.80% is in line compared to the rest of the industry. 1LRCX outperforms 51.56% of its industry peers.
  • 1LRCX's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 33.76%
PM (TTM) 30.22%
GM 49.8%
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.
  • The number of shares outstanding for 1LRCX has been reduced compared to 1 year ago.
  • Compared to 5 years ago, 1LRCX has less shares outstanding
  • Compared to 1 year ago, 1LRCX has an improved debt to assets ratio.
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

  • 1LRCX has a debt to FCF ratio of 0.72. This is a very positive value and a sign of high solvency as it would only need 0.72 years to pay back of all of its debts.
  • With a decent Debt to FCF ratio value of 0.72, 1LRCX is doing good in the industry, outperforming 76.56% of the companies in the same industry.
  • 1LRCX has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • Looking at the Debt to Equity ratio, with a value of 0.37, 1LRCX is doing worse than 68.75% of the companies in the same industry.
  • 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 0.37
Debt/FCF 0.72
Altman-Z N/A
ROIC/WACC3.65
WACC11.13%
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

  • A Current Ratio of 2.26 indicates that 1LRCX has no problem at all paying its short term obligations.
  • The Current ratio of 1LRCX (2.26) is comparable to the rest of the industry.
  • A Quick Ratio of 1.61 indicates that 1LRCX should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.61, 1LRCX is doing worse than 60.94% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.26
Quick Ratio 1.61
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

  • The Earnings Per Share has grown by an impressive 45.70% over the past year.
  • Measured over the past years, 1LRCX shows a very strong growth in Earnings Per Share. The EPS has been growing by 21.02% on average per year.
  • The Revenue has grown by 26.85% in the past year. This is a very strong growth!
  • 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)45.7%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%39.56%
Revenue 1Y (TTM)26.85%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%22.14%

3.2 Future

  • Based on estimates for the next years, 1LRCX will show a very strong growth in Earnings Per Share. The EPS will grow by 21.46% on average per year.
  • Based on estimates for the next years, 1LRCX will show a quite strong growth in Revenue. The Revenue will grow by 12.77% on average per year.
EPS Next Y29.23%
EPS Next 2Y28.88%
EPS Next 3Y24.32%
EPS Next 5Y21.46%
Revenue Next Year21.32%
Revenue Next 2Y21.72%
Revenue Next 3Y17.75%
Revenue Next 5Y12.77%

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.
  • The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
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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2

4. 1LRCX.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 50.19 indicates a quite expensive valuation of 1LRCX.
  • Based on the Price/Earnings ratio, 1LRCX is valued a bit more expensive than 65.63% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.29, 1LRCX is valued quite expensively.
  • With a Price/Forward Earnings ratio of 35.78, 1LRCX can be considered very expensive at the moment.
  • 62.50% of the companies in the same industry are cheaper than 1LRCX, based on the Price/Forward Earnings ratio.
  • 1LRCX's Price/Forward Earnings ratio indicates a valuation a bit more expensive than the S&P500 average which is at 24.57.
Industry RankSector Rank
PE 50.19
Fwd PE 35.78
1LRCX.MI Price Earnings VS Forward Price Earnings1LRCX.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1LRCX is valued a bit more expensive than 73.44% of the companies in the same industry.
  • 1LRCX's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 49.44
EV/EBITDA 41.61
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.
  • A more expensive valuation may be justified as 1LRCX's earnings are expected to grow with 24.32% in the coming years.
PEG (NY)1.72
PEG (5Y)2.39
EPS Next 2Y28.88%
EPS Next 3Y24.32%

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4

5. 1LRCX.MI Dividend Analysis

5.1 Amount

  • 1LRCX has a yearly dividend return of 0.45%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.69, 1LRCX has a dividend in line with its industry peers.
  • Compared to an average S&P500 Dividend Yield of 1.82, 1LRCX's dividend is way lower than the S&P500 average.
Industry RankSector Rank
Dividend Yield 0.45%

5.2 History

  • On average, the dividend of 1LRCX grows each year by 14.54%, which is quite nice.
Dividend Growth(5Y)14.54%
Div Incr YearsN/A
Div Non Decr YearsN/A

5.3 Sustainability

  • 19.48% of the earnings are spent on dividend by 1LRCX. This is a low number and sustainable payout ratio.
  • The dividend of 1LRCX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.48%
EPS Next 2Y28.88%
EPS Next 3Y24.32%
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 (2/25/2026, 7:00:00 PM)

211.8

+13.22 (+6.66%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-21
Inst Owners88.63%
Inst Owner ChangeN/A
Ins Owners0.24%
Ins Owner ChangeN/A
Market Cap264.49B
Revenue(TTM)20.56B
Net Income(TTM)6.21B
Analysts79.51
Price Target232.53 (9.79%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.45%
Yearly Dividend0.75
Dividend Growth(5Y)14.54%
DP19.48%
Div Incr YearsN/A
Div Non Decr YearsN/A
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)3.75%
Min EPS beat(2)1.09%
Max EPS beat(2)6.41%
EPS beat(4)4
Avg EPS beat(4)4.18%
Min EPS beat(4)1.09%
Max EPS beat(4)7.79%
EPS beat(8)8
Avg EPS beat(8)4.13%
EPS beat(12)12
Avg EPS beat(12)5.57%
EPS beat(16)15
Avg EPS beat(16)5.88%
Revenue beat(2)0
Avg Revenue beat(2)-0.26%
Min Revenue beat(2)-0.28%
Max Revenue beat(2)-0.24%
Revenue beat(4)1
Avg Revenue beat(4)0.07%
Min Revenue beat(4)-0.4%
Max Revenue beat(4)1.22%
Revenue beat(8)2
Avg Revenue beat(8)-0.02%
Revenue beat(12)4
Avg Revenue beat(12)-0.1%
Revenue beat(16)7
Avg Revenue beat(16)0.23%
PT rev (1m)72.94%
PT rev (3m)131.53%
EPS NQ rev (1m)13.58%
EPS NQ rev (3m)23.32%
EPS NY rev (1m)8.23%
EPS NY rev (3m)15.57%
Revenue NQ rev (1m)7.74%
Revenue NQ rev (3m)15.52%
Revenue NY rev (1m)4.32%
Revenue NY rev (3m)9.91%
Valuation
Industry RankSector Rank
PE 50.19
Fwd PE 35.78
P/S 14.95
P/FCF 49.44
P/OCF 43.15
P/B 30.29
P/tB 37.11
EV/EBITDA 41.61
EPS(TTM)4.22
EY1.99%
EPS(NY)5.92
Fwd EY2.79%
FCF(TTM)4.28
FCFY2.02%
OCF(TTM)4.91
OCFY2.32%
SpS14.17
BVpS6.99
TBVpS5.71
PEG (NY)1.72
PEG (5Y)2.39
Graham Number25.77
Profitability
Industry RankSector Rank
ROA 29.05%
ROE 61.24%
ROCE 45.74%
ROIC 40.64%
ROICexc 68.56%
ROICexgc 86.48%
OM 33.76%
PM (TTM) 30.22%
GM 49.8%
FCFM 30.23%
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-Score8
Asset Turnover0.96
Health
Industry RankSector Rank
Debt/Equity 0.37
Debt/FCF 0.72
Debt/EBITDA 0.51
Cap/Depr 225.8%
Cap/Sales 4.41%
Interest Coverage 250
Cash Conversion 96.98%
Profit Quality 100.04%
Current Ratio 2.26
Quick Ratio 1.61
Altman-Z N/A
F-Score8
WACC11.13%
ROIC/WACC3.65
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)45.7%
EPS 3Y7.72%
EPS 5Y21.02%
EPS Q2Q%39.56%
EPS Next Y29.23%
EPS Next 2Y28.88%
EPS Next 3Y24.32%
EPS Next 5Y21.46%
Revenue 1Y (TTM)26.85%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%22.14%
Revenue Next Year21.32%
Revenue Next 2Y21.72%
Revenue Next 3Y17.75%
Revenue Next 5Y12.77%
EBIT growth 1Y44.13%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year29.47%
EBIT Next 3Y20.78%
EBIT Next 5Y10.27%
FCF growth 1Y27.79%
FCF growth 3Y28.47%
FCF growth 5Y23%
OCF growth 1Y35.55%
OCF growth 3Y25.82%
OCF growth 5Y23.76%

LAM RESEARCH CORP / 1LRCX.MI 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 2 / 10 to LAM RESEARCH CORP (1LRCX.MI). This can be considered as Overvalued.


Can you provide the profitability details for LAM RESEARCH CORP?

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


What is the financial health of LAM RESEARCH CORP (1LRCX.MI) stock?

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


How sustainable is the dividend of LAM RESEARCH CORP (1LRCX.MI) stock?

The dividend rating of LAM RESEARCH CORP (1LRCX.MI) is 4 / 10 and the dividend payout ratio is 19.48%.