Company Valuation: Lam Research Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 60,793 86,271 139,220 124,330 474,079 276,454 - -
Change - 41.91% 61.38% -10.69% 281.31% -41.69% - -
Enterprise Value (EV) 1 62,141 85,908 138,355 122,424 472,234 269,965 265,101 258,911
Change - 38.25% 61.05% -11.51% 285.74% -42.83% -1.8% -2.33%
P/E 13.4x 19.3x 36.7x 23.4x 65.8x 23.1x 18x 15.3x
PBR 9.56x 10.4x 16.3x 12.5x 38x 15.5x 10.9x 7.57x
PEG - 13.74x -2.9x 0.5x 1.7x 0.3x 0.6x 0.9x
Capitalization / Revenue 3.53x 4.95x 9.34x 6.74x 20.4x 7.81x 6.49x 5.67x
EV / Revenue 3.61x 4.93x 9.28x 6.64x 20.3x 7.63x 6.22x 5.31x
EV / EBITDA 10.8x 15.1x 28.4x 19.3x 53.9x 18.3x 14.5x 12.4x
EV / EBIT 11.5x 16x 30.7x 20.6x 56.8x 18.8x 14.9x 12.7x
EV / FCF 24.3x 18.4x 32.5x 22.6x 96.5x 25.8x 20.7x 16.4x
FCF Yield 4.11% 5.44% 3.08% 4.42% 1.04% 3.88% 4.84% 6.09%
Dividend per Share 2 0.6 0.69 0.8 0.92 1.04 1.263 1.366 1.492
Rate of return 1.37% 1.07% 0.75% 0.95% 0.27% 0.57% 0.62% 0.67%
EPS 2 3.275 3.321 2.9 4.15 5.76 9.569 12.29 14.44
Distribution rate 18.3% 20.8% 27.6% 22.2% 18.1% 13.2% 11.1% 10.3%
Net sales 1 17,227 17,429 14,905 18,436 23,233 35,395 42,600 48,775
EBITDA 1 5,732 5,698 4,872 6,343 8,762 14,753 18,242 20,935
EBIT 1 5,398 5,355 4,513 5,957 8,320 14,367 17,745 20,463
Net income 1 4,605 4,511 3,828 5,358 7,265 11,964 15,381 17,911
Net Debt 1 1,348 -363.2 -864.5 -1,906 -1,845 -6,489 -11,353 -17,543
Reference price 2 43.83 64.22 106.48 97.20 379.09 221.31 221.31 221.31
Nbr of stocks (in thousands) 1,387,150 1,343,405 1,307,410 1,279,118 1,250,571 1,249,171 - -
Announcement Date 27/07/22 26/07/23 31/07/24 30/07/25 29/07/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
23.13x7.63x18.3x0.57% 276B
32.18x11.23x25.48x0.7% 576B
28.16x8.51x24.64x0.53% 294B
26.63x10.65x21.76x0.62% 197B
27.57x10.6x19.54x0.36% 130B
22.7x5.36x15.57x2.14% 122B
26.73x3.18x14.32x2.1% 75.14B
56.96x8.08x42.8x0.16% 59.4B
46.81x13.91x72.11x0.2% 35.59B
28.3x7.35x18.97x0.64% 36.79B
Average 31.92x 8.65x 27.35x 0.8% 180B
Weighted average by Cap. 29.36x 9.26x 23.63x 0.75%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Lam Research Corporation

Historical PBR trend

Valuation ratios - PBR - Lam Research Corporation

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Lam Research Corporation

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Lam Research Corporation


Year-on-year evolution of the Yield

Valuation ratios - Yield - Lam Research Corporation
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