Company Valuation: Lam Research Corporation

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 92,958 59,238 86,026 139,220 124,330 334,171 - -
Change - -36.27% 45.22% 61.83% -10.69% 168.78% - -
Enterprise Value (EV) 1 92,230 60,586 85,663 138,355 122,424 331,992 329,515 326,608
Change - -34.31% 41.39% 61.51% -11.51% 171.18% -0.75% -0.88%
P/E ratio 24.2x 13x 19.3x 36.7x 23.4x 50.5x 37.4x 34.7x
PBR 15.4x 9.32x 10.4x 16.3x 12.5x 28.9x 19.9x 14.5x
PEG - 0.6x 13.74x -2.9x 0.5x 1.8x 1.1x 4.53x
Capitalization / Revenue 6.36x 3.44x 4.94x 9.34x 6.74x 14.9x 11.8x 10.3x
EV / Revenue 6.31x 3.52x 4.92x 9.28x 6.64x 14.8x 11.6x 10x
EV / EBITDA 18.8x 10.6x 15x 28.4x 19.3x 40.9x 31.9x 27.9x
EV / EBIT 20x 11.2x 16x 30.7x 20.6x 43x 32.7x 29x
EV / FCF 28.5x 23.7x 18.3x 32.5x 22.6x 59.8x 43.8x 32.6x
FCF Yield 3.51% 4.21% 5.46% 3.08% 4.42% 1.67% 2.28% 3.06%
Dividend per Share 2 0.52 0.6 0.69 0.8 0.92 1.032 1.155 1.276
Rate of return 0.8% 1.4% 1.08% 0.75% 0.95% 0.39% 0.43% 0.48%
EPS 2 2.69 3.275 3.321 2.9 4.15 5.297 7.158 7.706
Distribution rate 19.3% 18.3% 20.8% 27.6% 22.2% 19.5% 16.1% 16.6%
Net sales 1 14,626 17,227 17,429 14,905 18,436 22,465 28,336 32,499
EBITDA 1 4,912 5,732 5,698 4,872 6,343 8,109 10,330 11,714
EBIT 1 4,605 5,398 5,355 4,513 5,957 7,725 10,075 11,255
Net income 1 3,908 4,605 4,511 3,828 5,358 6,705 8,969 9,723
Net Debt 1 -727.5 1,348 -363.2 -864.5 -1,906 -2,179 -4,656 -7,563
Reference price 2 65.18 42.70 64.04 106.48 97.20 267.60 267.60 267.60
Nbr of stocks (in thousands) 1,426,193 1,387,150 1,343,405 1,307,410 1,279,118 1,248,771 - -
Announcement Date 7/28/21 7/27/22 7/26/23 7/31/24 7/30/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
50.52x14.78x40.94x0.39% 334B
39.71x12.07x30.72x0.69% 565B
36.19x7.97x28.7x1.37% 127B
30x2.91x13.02x1.74% 61.51B
46.74x15.16x31.36x0.81% 22.65B
64.07x7.37x26.48x0.28% 22.21B
38.64x2.38x13.67x0.52% 16.7B
22.64x2.88x13.4x1.34% 12.57B
55.36x10.09x31.98x - 14.46B
108.23x25.87x79.04x0.23% 13.55B
Average 49.21x 10.15x 30.93x 0.82% 118.96B
Weighted average by Cap. 43.23x 11.79x 32.54x 0.73%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Equities
  3. LRCX Stock
  4. Valuation Lam Research Corporation