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

BIT:1LRCX • US5128073062

Current stock price

189.92 EUR
-21.88 (-10.33%)
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.
  • In the past year 1LRCX had a positive cash flow from operations.
  • In the past 5 years 1LRCX has always been profitable.
  • 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

  • 1LRCX has a Return On Assets of 29.05%. This is amongst the best in the industry. 1LRCX outperforms 97.01% of its industry peers.
  • 1LRCX has a Return On Equity of 61.24%. This is amongst the best in the industry. 1LRCX outperforms 95.52% of its industry peers.
  • 1LRCX's Return On Invested Capital of 40.64% is amongst the best of the industry. 1LRCX outperforms 97.01% of its industry peers.
  • 1LRCX had an Average Return On Invested Capital over the past 3 years of 31.47%. This is significantly above the industry average of 14.64%.
  • 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

  • 1LRCX has a Profit Margin of 30.22%. This is amongst the best in the industry. 1LRCX outperforms 88.06% of its industry peers.
  • In the last couple of years the Profit Margin of 1LRCX has grown nicely.
  • The Operating Margin of 1LRCX (33.76%) is better than 85.07% of its industry peers.
  • In the last couple of years the Operating Margin of 1LRCX has grown nicely.
  • 1LRCX has a Gross Margin of 49.80%. This is comparable to the rest of the industry: 1LRCX outperforms 52.24% of 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.
  • 1LRCX has less shares outstanding than it did 1 year ago.
  • The number of shares outstanding for 1LRCX has been reduced compared to 5 years ago.
  • 1LRCX has a better debt/assets ratio than last year.
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.
  • The Debt to FCF ratio of 1LRCX (0.72) is better than 76.12% of its industry peers.
  • 1LRCX has a Debt/Equity ratio of 0.37. This is a healthy value indicating a solid balance between debt and equity.
  • 1LRCX's Debt to Equity ratio of 0.37 is on the low side compared to the rest of the industry. 1LRCX is outperformed by 67.16% of its industry peers.
  • Even though the debt/equity ratio score it not favorable for 1LRCX, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
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

  • 1LRCX has a Current Ratio of 2.26. This indicates that 1LRCX is financially healthy and has no problem in meeting its short term obligations.
  • 1LRCX has a Current ratio (2.26) which is in line with its industry peers.
  • A Quick Ratio of 1.61 indicates that 1LRCX should not have too much problems paying its short term obligations.
  • The Quick ratio of 1LRCX (1.61) is worse than 64.18% of its industry peers.
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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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. 1LRCX.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an impressive 45.70% over the past year.
  • 1LRCX shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.02% yearly.
  • 1LRCX shows a strong growth in Revenue. In the last year, the Revenue has grown by 26.85%.
  • 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

  • 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.
  • The Revenue growth rate is accelerating: in the next years the growth will be better 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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3

4. 1LRCX.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 44.79 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.
  • 1LRCX's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 24.88.
  • Based on the Price/Forward Earnings ratio of 30.99, 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.
  • When comparing the Price/Forward Earnings ratio of 1LRCX to the average of the S&P500 Index (22.19), we can say 1LRCX is valued slightly more expensively.
Industry RankSector Rank
PE 44.79
Fwd PE 30.99
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

4.2 Price Multiples

  • 74.63% of the companies in the same industry are cheaper than 1LRCX, based on the Enterprise Value to EBITDA ratio.
  • Based on the Price/Free Cash Flow ratio, 1LRCX is valued a bit cheaper than the industry average as 67.16% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 44.09
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

  • The 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 25.22% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.45
PEG (5Y)2.13
EPS Next 2Y30.78%
EPS Next 3Y25.22%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

4

5. 1LRCX.MI Dividend Analysis

5.1 Amount

  • 1LRCX has a yearly dividend return of 0.44%, which is pretty low.
  • Compared to an average industry Dividend Yield of 0.78, 1LRCX has a dividend in line with its industry peers.
  • 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

  • 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.
  • 1LRCX's earnings are growing more than its dividend. This makes the dividend growth 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 (3/11/2026, 7:00:00 PM)

189.92

-21.88 (-10.33%)

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 Cap237.17B
Revenue(TTM)20.56B
Net Income(TTM)6.21B
Analysts80
Price Target235.71 (24.11%)
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 44.79
Fwd PE 30.99
P/S 13.33
P/FCF 44.09
P/OCF 38.48
P/B 27.01
P/tB 33.09
EV/EBITDA 37.09
EPS(TTM)4.24
EY2.23%
EPS(NY)6.13
Fwd EY3.23%
FCF(TTM)4.31
FCFY2.27%
OCF(TTM)4.94
OCFY2.6%
SpS14.25
BVpS7.03
TBVpS5.74
PEG (NY)1.45
PEG (5Y)2.13
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.


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%.