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

BIT:1LRCX • US5128073062

Current stock price

226.85 EUR
+15.05 (+7.11%)
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

  • 1LRCX had positive earnings in the past year.
  • 1LRCX had a positive operating cash flow in the past year.
  • Each year in the past 5 years 1LRCX has been profitable.
  • 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

  • 1LRCX's Return On Assets of 29.05% is amongst the best of the industry. 1LRCX outperforms 97.01% of its industry peers.
  • With an excellent Return On Equity value of 61.24%, 1LRCX belongs to the best of the industry, outperforming 95.52% of the companies in the same industry.
  • With an excellent Return On Invested Capital value of 40.64%, 1LRCX belongs to the best of the industry, outperforming 97.01% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1LRCX is significantly above the industry average of 15.39%.
  • The last Return On Invested Capital (40.64%) for 1LRCX is above the 3 year average (31.47%), which is a sign of increasing profitability.
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

  • Looking at the Profit Margin, with a value of 30.22%, 1LRCX belongs to the top of the industry, outperforming 88.06% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1LRCX has grown nicely.
  • 1LRCX's Operating Margin of 33.76% is amongst the best of the industry. 1LRCX outperforms 85.07% of its industry peers.
  • 1LRCX's Operating Margin has improved in the last couple of years.
  • 1LRCX has a Gross Margin (49.80%) which is in line with its industry peers.
  • In the last couple of years the Gross Margin of 1LRCX has remained more or less at the same level.
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.
  • Compared to 1 year ago, 1LRCX has less shares outstanding
  • The number of shares outstanding for 1LRCX has been reduced compared to 5 years ago.
  • 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

  • The Debt to FCF ratio of 1LRCX is 0.72, which is an excellent value as it means it would take 1LRCX, only 0.72 years of fcf income to pay off all of its debts.
  • 1LRCX has a Debt to FCF ratio of 0.72. This is in the better half of the industry: 1LRCX outperforms 76.12% of its industry peers.
  • A Debt/Equity ratio of 0.37 indicates that 1LRCX is not too dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.37, 1LRCX is doing worse than 67.16% 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/WACC3.53
WACC11.51%
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.
  • Looking at the Current ratio, with a value of 2.26, 1LRCX is in line with its industry, outperforming 44.78% of the companies in the same industry.
  • 1LRCX has a Quick Ratio of 1.61. This is a normal value and indicates that 1LRCX is financially healthy and should not expect problems in meeting its short term obligations.
  • With a Quick ratio value of 1.61, 1LRCX is not doing good in the industry: 64.18% of the companies in the same industry are doing better.
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!
  • The Revenue has been growing by 12.91% on average over the past years. This is quite good.
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

  • 1LRCX is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 21.46% yearly.
  • The Revenue is expected to grow by 16.48% on average over the next years. This is quite good.
EPS Next Y30.88%
EPS Next 2Y30.78%
EPS Next 3Y25.22%
EPS Next 5Y21.46%
Revenue Next Year23.15%
Revenue Next 2Y23.48%
Revenue Next 3Y18.86%
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

  • Based on the Price/Earnings ratio of 53.50, the valuation of 1LRCX can be described as expensive.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1LRCX is on the same level as its industry peers.
  • 1LRCX is valuated expensively when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
  • Based on the Price/Forward Earnings ratio of 37.02, the valuation of 1LRCX can be described as expensive.
  • 62.69% of the companies in the same industry are cheaper than 1LRCX, based on the Price/Forward Earnings ratio.
  • 1LRCX is valuated expensively when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 53.5
Fwd PE 37.02
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

  • 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 74.63% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1LRCX is valued a bit cheaper than 67.16% of the companies in the same industry.
Industry RankSector Rank
P/FCF 52.66
EV/EBITDA 37.09
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 25.22% in the coming years.
PEG (NY)1.73
PEG (5Y)2.55
EPS Next 2Y30.78%
EPS Next 3Y25.22%

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4

5. 1LRCX.MI Dividend Analysis

5.1 Amount

  • 1LRCX has a yearly dividend return of 0.44%, which is pretty low.
  • 1LRCX's Dividend Yield is comparable with the industry average which is at 0.65.
  • With a Dividend Yield of 0.44, 1LRCX pays less dividend than the S&P500 average, which is at 1.89.
Industry RankSector Rank
Dividend Yield 0.44%

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 19.48% of its income as dividend. This is a sustainable payout ratio.
  • The dividend of 1LRCX is growing, but earnings are growing more, so the dividend growth is sustainable.
DP19.48%
EPS Next 2Y30.78%
EPS Next 3Y25.22%
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 (4/10/2026, 7:00:00 PM)

226.85

+15.05 (+7.11%)

Chartmill FA Rating
GICS IndustryGroupSemiconductors & Semiconductor Equipment
GICS IndustrySemiconductors & Semiconductor Equipment
Earnings (Last)01-28
Earnings (Next)04-21
Inst Owners89.03%
Inst Owner ChangeN/A
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap283.28B
Revenue(TTM)20.56B
Net Income(TTM)6.21B
Analysts80
Price Target235.71 (3.91%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0.44%
Yearly Dividend0.77
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)1.37%
PT rev (3m)65.62%
EPS NQ rev (1m)0%
EPS NQ rev (3m)14.64%
EPS NY rev (1m)1.28%
EPS NY rev (3m)9.63%
Revenue NQ rev (1m)0.91%
Revenue NQ rev (3m)8.96%
Revenue NY rev (1m)1.51%
Revenue NY rev (3m)5.8%
Valuation
Industry RankSector Rank
PE 53.5
Fwd PE 37.02
P/S 15.92
P/FCF 52.66
P/OCF 45.96
P/B 32.26
P/tB 39.53
EV/EBITDA 37.09
EPS(TTM)4.24
EY1.87%
EPS(NY)6.13
Fwd EY2.7%
FCF(TTM)4.31
FCFY1.9%
OCF(TTM)4.94
OCFY2.18%
SpS14.25
BVpS7.03
TBVpS5.74
PEG (NY)1.73
PEG (5Y)2.55
Graham Number25.9
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
WACC11.51%
ROIC/WACC3.53
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 Y30.88%
EPS Next 2Y30.78%
EPS Next 3Y25.22%
EPS Next 5Y21.46%
Revenue 1Y (TTM)26.85%
Revenue growth 3Y2.29%
Revenue growth 5Y12.91%
Sales Q2Q%22.14%
Revenue Next Year23.15%
Revenue Next 2Y23.48%
Revenue Next 3Y18.86%
Revenue Next 5Y16.48%
EBIT growth 1Y44.13%
EBIT growth 3Y3.12%
EBIT growth 5Y17.15%
EBIT Next Year38.29%
EBIT Next 3Y27.83%
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 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 53.5 and the Price/Book (PB) ratio is 32.26.


Can you provide the financial health for 1LRCX stock?

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